WINDSOR MACHINES LTD - Results Update.

I have recommended a BUY on Windsor Machines Ltd on 1 March 2010 ,when it was trading at Rs.35/-.Yesterday it closed in at Rs.56/-/- ,which means almost 70% return in 2.5 months .Recently company declared excellent results .For the full year ended March 2010 company posted a sale of Rs. 206 Cr v/s Rs.93 Cr and a net profit of Rs 13 Cr as against a loss of Rs 1.3 Cr posted in same period last year. Full year EPS is around 11/- .After this 70% return in short period one may book partial profit (30% of total holding) and keep the balance.


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Monday, March 1, 2010
WINDSOR MACHINES - REVIVING HOPES
Windsor Machine (Formerly Klocknor Windsor) is a Thane based company engaged in the manufacturing of Plastic Processing machinery.It has three plants in India at Thane, Chhatral and Vatva.. Windsor Machines has grown to become the largest manufacturer of Plastic Processing Machinery in India .Its customers includes large companies like Nilkamal,Supreme,Milton,Cello ,VIP..etc..This company started in 1964 and after more than one hand overs now jointly owned by DGP Windsor of UK and Dilip G Piramal Group. Severe working capital crunch followed by labour problems led the company into deep trouble and it end as a BIFR case. In 2009 company initiated a massive restructuring exercise and the result of the same is started to visible now.After a gap of more than 10 years company posted healthy profit in this financial year so far.It already posted an EPS of Rs.5.54 for the nine month period .Considering the revival in the economy and management efforts to revive the company itself, it is a risk less buy @ Rs.35/-