Asian Paints cash flow

Latest FY26

Cash from operations: ₹7,088cr+60.2% on FY25
Capital spending: ₹1,487cr−18.7% on FY25
Free cash flow: ₹5,601cr+115.9% on FY25
Cash from financing: −₹2,377cr−₹3,753 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 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.
	—	1,229	1,026	853	858
	—	93.9	223	0.0	24.7
	—	195	227	205	144
	—	−181	−180	−170	−121
	—	−2.1	−20.6	−20.2	−13.5
	—	−267	−201	−327	−121
	—	29.4	21.3	21.8	13.4
	—	2.9	−11.1	8.0	21.9
	—	198	249	115	65.7
	—	−7.1	73.6	−12.9	−13.3
	—	56.9	18.7	41.1	4.9
	—	976	−805	315	−56.0
	—	−274	282	−362	−834
	—	−65.3	6.7	23.1	157
	—	−86.1	1.7	−261	−26.7
	—	396	−160	269	−539
	—	387	82.6	16.4	441
	—	143	22.8	9.8	85.6
Cash from operating activities
	6,506	5,838	4,962	7,215	5,595
	—	2,824	857	724	92.7
	—	8,662	5,819	7,939	5,688
	—	1,574	1,396	1,835	1,494
	—	7,088	4,424	6,104	4,193
Cash from investing activities
	—	1,487	1,830	2,496	1,446
	—	3.2	10.1	5.1	25.9
	—	0.1	0.9	212	146
	—	923	0.0	0.5	377
	—	0.0	0.0	113	180
	—	0.0	38.3	0.0	0.0
	—	2.0	0.0	0.0	0.0
	—	118	136	129	56.3
	—	153	155	135	87.2
	—	−1,042	617	33.7	−49.3
	—	−1,334	−874	−2,518	−1,275
Cash from financing activities
	—	30.9	36.9	−0.9	35.6
	—	9.4	0.0	40.6	0.0
	—	188	34.7	0.0	0.0
	—	1,279	220	101	254
	—	32.4	428	14.2	15.6
	—	340	325	286	256
	—	228	203	191	142
	—	2,425	3,140	2,551	1,936
	—	−420	195	−83.7	−9.0
	—	−2,377	−3,753	−2,983	−2,140
	—	3,378	−203	603	779
	—	5.8	−66.8	−30.9	−7.7
	—	3,383	−270	573	771
	—	6,741	3,357	3,627	3,054
Reference items
	7,293	6,696	6,006	7,585	6,260
	18.9%	18.8%	17.7%	21.4%	18.2%
	5,601	5,601	2,594	3,608	2,748
	—	6,802	2,147	3,552	—
	₹58.39	₹58.39	₹27.04	₹37.61	₹28.65
	39.42×	—	—	—	—
	—	1.61×	1.19×	1.10×	1.00×
	—	1,574	1,396	1,835	1,494
	—	228	203	191	142

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

alphave

ASIANPAINT₹2,302.00

Asian Paints Ltd.

· Consumer Goods

₹ CrorePeersBERGEPAINT KANSAINER INDIGOPNTS TITAN DIXON HAVELLS BLUESTARCO KALYANKJILMcap ₹2.21L 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 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	858.0	853.0	1,026.3	1,228.9	—
+ Impairment Loss / (Reversal)	24.7	0.0	223.3	93.9	—
+ Finance Costs	144.5	205.2	227.0	195.4	—
+ Interest Income	-120.8	-169.9	-179.8	-180.9	—
+ Dividend Income	-13.5	-20.2	-20.6	-2.1	—
+ Fair Value (Gains) / Losses	-120.6	-327.3	-200.7	-266.5	—
+ Share-based Payments	13.4	21.8	21.3	29.4	—
+ Unrealised FX (Gain) / Loss	21.9	8.0	-11.1	2.9	—
+ Other Non-cash Items	65.7	114.9	249.5	197.8	—
+ Other — Cash Effects are Investing / Financing	-13.3	-12.9	73.6	-7.1	—
+ Other Reconciling Items	4.9	41.1	18.7	56.9	—
Changes in Working Capital
+ Inventories	-56.0	314.9	-805.3	975.6	—
+ Trade Receivables — Current	-833.9	-361.9	281.8	-274.0	—
+ Other Financial Assets — Current	156.8	23.1	6.7	-65.3	—
+ Other Current Assets	-26.7	-260.9	1.7	-86.1	—
+ Trade Payables — Current	-539.0	268.6	-160.4	396.1	—
+ Other Financial Liabilities — Current	441.1	16.4	82.6	386.8	—
+ Other Current Liabilities	85.6	9.8	22.8	142.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	5,595.0	7,214.8	4,962.4	5,837.9	6,505.6
+ Total Adjustments (incl. Working Capital)	92.7	723.9	857.1	2,824.2	—
Cash from Operations (pre-tax)	5,687.7	7,938.7	5,819.5	8,662.0	—
+ Income Taxes Paid	1,494.3	1,835.1	1,395.5	1,573.8	—
Cash from Operating Activities	4,193.4	6,103.6	4,424.0	7,088.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,445.6	2,496.1	1,830.1	1,487.3	—
+ Disp of Fixed Assets	25.9	5.1	10.1	3.2	—
+ Acq of Other Long-term Assets	146.1	212.2	0.9	0.1	—
+ Disp of Other Long-term Assets	376.6	0.5	0.0	923.4	—
+ Acq of Subsidiaries / Businesses (net)	179.6	112.7	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	38.3	0.0	—
+ Loans & Advances Made	0.0	0.0	0.0	2.0	—
+ Dividends Received — Investing	56.3	128.5	136.1	117.6	—
+ Interest Received — Investing	87.2	135.5	154.9	153.2	—
+ Other Inflows / (Outflows) — Investing	-49.3	33.7	617.5	-1,042.0	—
Cash from Investing Activities	-1,274.6	-2,517.6	-874.1	-1,334.1	—
Cash from Financing Activities
+ Buyback / Redemption of Own Shares	35.6	-0.9	36.9	30.9	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	40.6	0.0	9.4	—
+ Payments — Change in Ownership of Subsidiaries	0.0	0.0	34.7	188.0	—
+ Proceeds from Borrowings	253.8	100.9	219.8	1,278.9	—
+ Repayment of Borrowings	15.6	14.2	427.6	32.4	—
+ Payment of Lease Liabilities	255.7	285.6	324.6	339.8	—
+ Interest Paid	142.0	190.6	203.2	228.3	—
+ Dividends Paid	1,936.1	2,550.9	3,140.2	2,425.4	—
+ Other Inflows / (Outflows) — Financing	-9.0	-83.7	194.7	-419.9	—
Cash from Financing Activities	-2,140.1	-2,982.5	-3,752.6	-2,376.5	—
Net Changes in Cash (pre-FX)	778.7	603.5	-202.7	3,377.6	—
+ Effect of FX Rate Changes on Cash	-7.7	-30.9	-66.8	5.8	—
Net Changes in Cash	771.0	572.6	-269.5	3,383.4	—
Closing Cash	3,054.3	3,626.9	3,357.4	6,740.9	—
Reference Items
EBITDA	6,259.8	7,585.0	6,006.2	6,695.9	7,293.4
EBITDA Margin %	18.15	21.37	17.71	18.82	18.88
Free Cash Flow (CFO − Capex)	2,747.8	3,607.5	2,593.9	5,600.9	5,600.9
Free Cash Flow to Equity	—	3,551.9	2,147.3	6,802.0	—
Free Cash Flow per Basic Share	28.65	37.61	27.04	58.39	58.39
Price to Free Cash Flow	—	—	—	—	39.42
Cash Flow to Net Income	1.00	1.10	1.19	1.61	—
Cash Paid for Taxes	1,494.3	1,835.1	1,395.5	1,573.8	—
Cash Paid for Interest	142.0	190.6	203.2	228.3	—

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 ✓ 197%.