Atul cash flow

Latest FY26

Cash from operations: ₹1,023cr+69.6% on FY25
Capital spending: ₹175cr−35.3% on FY25
Free cash flow: ₹848cr+154.7% on FY25
Cash from financing: −₹98.5cr−₹83.6 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.
	—	322	317	243	198
	—	17.4	24.0	11.1	7.9
	—	−3.0	−38.7	−20.0	−10.7
	—	−1.6	12.0	−0.3	7.8
	—	−98.2	−17.4	8.0	3.9
	—	−91.7	−115	167	64.8
	—	0.0	−151	0.0	0.0
	—	−83.5	0.0	−109	0.0
	—	0.0	0.0	0.0	79.7
	—	249	56.3	53.0	0.0
	—	0.0	0.0	0.0	−117
Cash from operating activities
	1,050	901	681	441	688
	—	310	87.7	353	230
	—	1,211	769	794	918
	—	−19.6	−7.3	−9.9	−10.6
	—	−20.2	−7.8	−9.0	−7.1
	—	148	151	107	193
	—	1,023	603	667	707
Cash from investing activities
	—	175	270	504	875
	—	3.1	1.5	0.4	0.8
	—	10.0	326	218	0.0
	—	1.2	4.3	0.0	327
	—	0.0	0.0	1.8	−24.0
	—	0.0	0.0	3.1	0.0
	—	0.2	0.4	0.7	7.2
	—	1.3	1.2	1.5	12.7
	—	31.8	16.6	11.9	18.7
	—	17.6	1.1	0.6	0.8
	—	−764	76.6	23.8	28.8
	—	−895	−495	−683	−469
Cash from financing activities
	—	0.0	0.0	0.0	−86.7
	—	0.0	0.0	61.8	0.0
	—	0.0	0.0	192	0.0
	—	17.9	0.0	6.8	91.4
	—	17.0	23.7	11.6	96.1
	—	73.6	58.9	73.8	7.9
	—	10.1	−1.1	−0.1	24.6
	—	−98.5	−83.6	37.5	−257
	—	29.8	24.4	21.8	−20.2
	—	3.9	0.9	0.4	0.5
	—	33.7	25.3	22.2	−19.6
	—	12.0	—	60.3	38.1
Reference items
	1,168	1,031	913	637	775
	16.8%	16.4%	16.4%	13.5%	14.3%
	848	848	333	164	−168
	—	813	275	337	—
	₹288.01	₹288.01	₹113.09	₹55.56	−₹57.06
	19.27×	—	—	—	—
	—	1.48×	1.21×	2.06×	1.39×
	—	148	151	107	193
	—	17.0	23.7	11.6	96.1

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

alphave

ATUL₹5,550.00

Atul Ltd.

· Chemicals

₹ CrorePeersAARTIIND DEEPAKNTR SRF SHK ANURAS BAYERCROP CAMLINFINE SWANCORPMcap ₹16,339 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	197.8	242.9	316.8	322.1	—
+ Finance Costs	7.9	11.1	24.0	17.4	—
+ Fair Value (Gains) / Losses	-10.7	-20.0	-38.7	-3.0	—
+ Unrealised FX (Gain) / Loss	7.8	-0.3	12.0	-1.6	—
+ Other Non-cash Items	3.9	8.0	-17.4	-98.2	—
Changes in Working Capital
+ Inventories	64.8	166.9	-114.6	-91.7	—
+ Trade Receivables — Current	0.0	0.0	-150.7	0.0	—
+ Other Current Assets	0.0	-108.9	0.0	-83.5	—
+ Other Non-current Assets	79.7	0.0	0.0	0.0	—
+ Other Current Liabilities	0.0	53.0	56.3	248.7	—
+ Other Non-current Liabilities	-117.4	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	687.8	440.9	681.2	900.5	1,050.0
+ Total Adjustments (incl. Working Capital)	229.8	352.7	87.7	310.3	—
Cash from Operations (pre-tax)	917.7	793.6	768.9	1,210.8	—
+ Interest Received — Operating	-10.6	-9.9	-7.3	-19.6	—
+ Dividends Received — Operating	-7.1	-9.0	-7.8	-20.2	—
+ Income Taxes Paid	193.4	107.3	150.6	148.2	—
Cash from Operating Activities	706.7	667.5	603.1	1,022.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	874.7	503.9	270.2	174.9	—
+ Disp of Fixed Assets	0.8	0.4	1.5	3.1	—
+ Purchase of Investments (Equity / Debt)	0.0	218.1	325.6	10.0	—
+ Sale of Investments (Equity / Debt)	326.7	0.0	4.3	1.2	—
+ Acq of Subsidiaries / Businesses (net)	-24.0	1.8	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	3.1	0.0	0.0	—
+ Loans & Advances Made	7.2	0.7	0.4	0.2	—
+ Loans & Advances Repaid	12.7	1.5	1.2	1.3	—
+ Dividends Received — Investing	18.7	11.9	16.6	31.8	—
+ Interest Received — Investing	0.8	0.6	1.1	17.6	—
+ Other Inflows / (Outflows) — Investing	28.8	23.8	76.6	-764.5	—
Cash from Investing Activities	-469.4	-683.2	-495.1	-894.6	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	-86.7	0.0	0.0	0.0	—
+ Buyback / Redemption of Own Shares	0.0	61.8	0.0	0.0	—
+ Proceeds from Borrowings	0.0	191.7	0.0	0.0	—
+ Repayment of Borrowings	91.4	6.8	0.0	17.9	—
+ Interest Paid	96.1	11.6	23.7	17.0	—
+ Dividends Paid	7.9	73.8	58.9	73.6	—
+ Other Inflows / (Outflows) — Financing	24.6	-0.1	-1.1	10.1	—
Cash from Financing Activities	-257.5	37.5	-83.6	-98.5	—
Net Changes in Cash (pre-FX)	-20.2	21.8	24.4	29.8	—
+ Effect of FX Rate Changes on Cash	0.5	0.4	0.9	3.9	—
Net Changes in Cash	-19.6	22.2	25.3	33.7	—
Closing Cash	38.1	60.3	—	12.0	—
Reference Items
EBITDA	774.9	636.7	913.0	1,030.8	1,168.0
EBITDA Margin %	14.28	13.47	16.35	16.43	16.76
Free Cash Flow (CFO − Capex)	-168.0	163.6	333.0	847.9	847.9
Free Cash Flow to Equity	—	336.8	275.1	813.0	—
Free Cash Flow per Basic Share	-57.06	55.56	113.09	288.01	288.01
Price to Free Cash Flow	—	—	—	—	19.27
Cash Flow to Net Income	1.39	2.06	1.21	1.48	—
Cash Paid for Taxes	193.4	107.3	150.6	148.2	—
Cash Paid for Interest	96.1	11.6	23.7	17.0	—

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.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

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%.