Ashok Leyland cash flow

Latest FY26

Cash from operations: −₹4,895cr₹128 cr in FY25
Capital spending: ₹2,945cr+78.7% on FY25
Free cash flow: −₹7,840cr−₹1,520 cr in FY25
Cash from financing: ₹11,617cr+67.0% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	1,138	1,087	927	900
	—	1,297	678	186	−83.7
	—	426	397	427	377
	—	0.0	0.0	−78.9	0.0
	—	29.1	−128	129	−72.4
	—	−29.0	13.8	8.6	3.5
	—	−29.1	−2.5	2.8	37.2
	—	16.0	−5.1	−54.5	−14.9
	—	−138	−65.7	−74.9	−50.3
	—	−686	21.9	−568	−900
	—	281	490	306	−902
	—	−12,256	−7,604	−10,741	−6,725
	—	0.0	0.0	0.0	−120
	—	−419	221	54.8	0.0
	—	1,271	1,225	−782	320
	—	474	211	329	384
	—	33.9	98.4	101	280
	—	240	208	405	405
Cash from operating activities
	5,160	5,103	4,565	4,090	2,258
	—	−8,352	−3,154	−9,422	−6,161
	—	−3,248	1,410	−5,332	−3,903
	—	−219	−94.6	0.0	−31.0
	—	−4.1	−37.0	−59.8	−3.9
	—	1,423	1,150	866	561
	—	−4,895	128	−6,258	−4,499
Cash from investing activities
	—	2,945	1,648	1,134	929
	—	129	49.1	45.9	12.7
	—	0.0	0.0	0.0	62.7
	—	569	2,696	2,292	2,787
	—	924	1,143	2,174	2,153
	—	0.0	0.0	0.0	218
	—	2,390	1,420	444	60.0
	—	2,450	1,750	54.0	113
	—	62.0	0.0	0.0	0.0
	—	172	89.1	83.6	35.3
	—	−4,848	−3,025	2,646	−1,316
	—	−7,016	−5,758	1,135	−2,935
Cash from financing activities
	—	3.3	2.5	2.2	5.1
	—	0.0	392	0.0	0.0
	—	0.0	0.0	2.6	1,053
	—	81.4	0.0	0.0	0.0
	—	50,012	42,683	32,852	20,571
	—	36,065	33,633	23,177	13,658
	—	81.7	141	74.5	67.0
	—	334	305	410	330
	—	1,835	2,041	763	294
	—	11,617	6,958	8,432	7,281
	—	−293	1,328	3,309	−154
	—	29.4	−0.3	−0.3	31.3
	—	−264	1,327	3,309	−122
	—	—	—	5,217	1,909
Reference items
	10,982	10,745	9,208	7,943	5,093
	19.0%	19.1%	19.0%	17.4%	12.2%
	−7,840	−7,840	−1,520	−7,392	−5,428
	—	5,799	7,335	1,840	—
	−₹13.35	−₹13.35	−₹2.59	−₹12.58	−₹9.24
	—	−1.32×	0.04×	−2.32×	−3.30×
	—	1,423	1,150	866	561
	—	334	305	410	330

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ASHOKLEY₹145.00

Ashok Leyland Ltd.

· Capital Goods & Defence

₹ CrorePeersEICHERMOT SUZLON BHEL APLAPOLLO POLYCAB GVT&D TMCV MAZDOCKMcap ₹85,172 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	900.2	927.3	1,086.7	1,137.6	—
+ Impairment Loss / (Reversal)	-83.7	186.3	677.9	1,297.0	—
+ Finance Costs	376.7	426.9	397.3	426.1	—
+ Interest Income	0.0	-78.9	0.0	0.0	—
+ Fair Value (Gains) / Losses	-72.4	128.7	-128.0	29.1	—
+ Share-based Payments	3.5	8.6	13.8	-29.0	—
+ Unrealised FX (Gain) / Loss	37.2	2.8	-2.5	-29.1	—
+ Other Non-cash Items	-14.9	-54.5	-5.1	16.0	—
+ Other — Cash Effects are Investing / Financing	-50.3	-74.9	-65.7	-138.5	—
Changes in Working Capital
+ Inventories	-899.9	-567.6	21.9	-685.7	—
+ Trade Receivables — Current	-902.2	306.2	489.9	280.7	—
+ Other Financial Assets — Non-current	-6,725.0	-10,740.5	-7,603.7	-12,256.3	—
+ Other Current Assets	-119.8	0.0	0.0	0.0	—
+ Other Non-current Assets	0.0	54.8	221.2	-418.6	—
+ Trade Payables — Current	320.0	-781.9	1,224.7	1,270.6	—
+ Other Financial Liabilities — Current	384.1	328.8	211.1	474.1	—
+ Other Current Liabilities	280.3	100.9	98.4	33.9	—
+ Provisions — Current	405.0	405.2	207.6	240.5	—
Cash from Operating Activities
Profit Before Tax (per I/S)	2,257.8	4,089.7	4,564.8	5,103.2	5,160.1
+ Total Adjustments (incl. Working Capital)	-6,160.9	-9,421.8	-3,154.5	-8,351.6	—
Cash from Operations (pre-tax)	-3,903.1	-5,332.1	1,410.3	-3,248.4	—
+ Interest Received — Operating	-31.0	0.0	-94.6	-219.1	—
+ Other Inflows / (Outflows) — Operating	-3.9	-59.8	-37.0	-4.1	—
+ Income Taxes Paid	561.3	866.1	1,150.3	1,423.1	—
Cash from Operating Activities	-4,499.3	-6,258.0	128.5	-4,894.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	929.1	1,133.5	1,648.1	2,945.5	—
+ Disp of Fixed Assets	12.7	45.9	49.1	128.6	—
+ Disp of Other Long-term Assets	62.7	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	2,787.5	2,291.5	2,696.0	569.3	—
+ Sale of Investments (Equity / Debt)	2,152.6	2,174.4	1,142.8	924.1	—
+ Acq of Subsidiaries / Businesses (net)	218.4	0.0	0.0	0.0	—
+ Loans & Advances Made	60.0	444.0	1,420.0	2,390.0	—
+ Loans & Advances Repaid	113.0	54.0	1,750.0	2,450.0	—
+ Government Grants Received	0.0	0.0	0.0	62.0	—
+ Interest Received — Investing	35.3	83.6	89.1	171.9	—
+ Other Inflows / (Outflows) — Investing	-1,316.2	2,646.4	-3,025.2	-4,847.7	—
Cash from Investing Activities	-2,935.0	1,135.4	-5,758.3	-7,015.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	5.1	2.2	2.5	3.3	—
+ Proceeds from Other Equity Instruments	0.0	0.0	392.0	0.0	—
+ Proceeds — Change in Ownership of Subsidiaries	1,053.0	2.6	0.0	0.0	—
+ Payments — Change in Ownership of Subsidiaries	0.0	0.0	0.0	81.4	—
+ Proceeds from Borrowings	20,571.4	32,851.6	42,682.6	50,011.9	—
+ Repayment of Borrowings	13,658.4	23,177.4	33,632.8	36,065.3	—
+ Payment of Lease Liabilities	67.0	74.5	140.6	81.7	—
+ Interest Paid	330.0	409.5	305.4	334.3	—
+ Dividends Paid	293.6	763.4	2,040.8	1,835.4	—
Cash from Financing Activities	7,280.6	8,431.6	6,957.6	11,617.2	—
Net Changes in Cash (pre-FX)	-153.6	3,309.0	1,327.8	-293.3	—
+ Effect of FX Rate Changes on Cash	31.3	-0.3	-0.3	29.4	—
Net Changes in Cash	-122.4	3,308.7	1,327.5	-263.9	—
Closing Cash	1,908.6	5,217.3	—	—	—
Reference Items
EBITDA	5,092.9	7,942.9	9,207.8	10,745.0	10,981.9
EBITDA Margin %	12.22	17.35	18.97	19.06	19.03
Free Cash Flow (CFO − Capex)	-5,428.4	-7,391.5	-1,519.6	-7,840.2	-7,840.2
Free Cash Flow to Equity	—	1,840.2	7,335.0	5,799.1	—
Free Cash Flow per Basic Share	-9.24	-12.58	-2.59	-13.35	-13.35
Cash Flow to Net Income	-3.30	-2.32	0.04	-1.32	—
Cash Paid for Taxes	561.3	866.1	1,150.3	1,423.1	—
Cash Paid for Interest	330.0	409.5	305.4	334.3	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.