Avalon Technologies cash flow

Latest FY26

Cash from operations: ₹57.2cr+128.2% on FY25
Capital spending: ₹53.6cr+16.2% on FY25
Free cash flow: ₹3.5cr−₹21.1 cr in FY25
Cash from financing: ₹7.9cr−₹52.3 cr in FY25

₹ crore except per share

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

Adjustments to reconcile profit — non-cash items
	—	33.6	28.6	22.9	19.7
	—	14.5	14.3	11.3	24.4
	—	−0.9	−4.9	−1.5	0.0
	—	0.0	2.4	3.8	0.0
	—	0.0	0.0	−2.9	0.0
	—	2.5	0.9	0.3	0.3
	—	−15.3	4.8	−0.9	6.5
	—	−0.0	0.0	0.0	−8.4
	—	0.0	−3.6	−0.5	0.0
Changes in working capital
	—	−116	−20.1	2.4	−86.2
	—	−39.7	−129	19.3	−24.3
	—	−1.9	−5.2	−10.9	0.0
	—	4.2	0.0	0.0	−22.0
	—	−2.1	0.0	0.0	0.0
	—	38.9	83.9	−45.1	16.8
	—	16.4	−13.5	−5.4	0.0
	—	0.0	3.5	4.4	0.0
	—	0.0	0.0	0.0	0.4
	—	−2.1	−4.3	−1.6	2.7
	—	6.1	0.0	0.0	0.0
Cash from operating activities
	183	154	86.7	38.1	72.7
	—	−62.4	−42.3	−4.4	−70.1
	—	91.2	44.5	33.7	2.6
	—	0.0	0.0	0.0	−0.4
	—	0.0	0.0	0.0	3.3
	—	34.0	19.4	16.4	18.9
	—	57.2	25.1	17.3	−13.3
Cash from investing activities
	—	53.6	46.2	35.5	0.0
	—	0.0	0.0	0.0	−27.3
	—	0.0	0.0	247	0.0
	—	0.0	96.1	135	0.0
	—	7.0	0.6	0.0	0.0
	—	0.9	4.4	1.5	0.0
	—	−3.9	0.0	0.0	0.2
	—	−63.6	53.8	−146	−27.1
Cash from financing activities
	—	0.0	0.0	463	79.8
	—	0.0	0.0	0.0	402
	—	1.0	1.5	0.8	0.0
	—	0.0	37.5	5.4	0.0
	—	40.9	12.2	25.3	24.3
	—	8.5	0.0	183	−19.5
	—	13.6	12.3	10.3	0.0
	—	11.4	11.1	8.8	−28.3
	—	0.6	5.2	4.1	0.0
	—	0.0	0.0	−528	−99.3
	—	7.9	−52.3	−251	454
	—	1.5	26.6	−380	414
	—	0.9	−0.1	0.1	0.3
	—	2.4	26.5	−380	414
	—	—	68.8	42.3	422
Reference items
	201	173	115	62.5	113
	11.4%	10.8%	10.5%	7.2%	11.9%
	3.5	3.5	−21.1	−18.2	−13.3
	—	33.9	−54.7	−169	—
	₹0.53	₹0.53	−₹3.16	−₹2.73	−₹2.00
	3,884.80×	—	—	—	—
	—	0.51×	0.39×	0.62×	−0.25×
	—	34.0	19.4	16.4	18.9
	—	11.4	11.1	8.8	28.3

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

alphave

AVALON₹2,062.70

Avalon Technologies Ltd.

· Capital Goods & Defence

₹ CrorePeersSYRMA KAYNES DIXON ATLANTAELE ASTRAMICRO AXISCADES AZAD BALUFORGEMcap ₹13,772 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	19.7	22.9	28.6	33.6	—
+ Finance Costs	24.4	11.3	14.3	14.5	—
+ Interest Income	0.0	-1.5	-4.9	-0.9	—
+ Dividend Income	0.0	3.8	2.4	0.0	—
+ Fair Value (Gains) / Losses	0.0	-2.9	0.0	0.0	—
+ Share-based Payments	0.3	0.3	0.9	2.5	—
+ Unrealised FX (Gain) / Loss	6.5	-0.9	4.8	-15.3	—
+ Other Non-cash Items	-8.4	0.0	0.0	-0.0	—
+ Other Reconciling Items	0.0	-0.5	-3.6	0.0	—
Changes in Working Capital
+ Inventories	-86.2	2.4	-20.1	-116.5	—
+ Trade Receivables — Current	-24.3	19.3	-129.1	-39.7	—
+ Other Financial Assets — Current	0.0	-10.9	-5.2	-1.9	—
+ Other Current Assets	-22.0	0.0	0.0	4.2	—
+ Other Non-current Assets	0.0	0.0	0.0	-2.1	—
+ Trade Payables — Current	16.8	-45.1	83.9	38.9	—
+ Other Financial Liabilities — Current	0.0	-5.4	-13.5	16.4	—
+ Other Financial Liabilities — Non-current	0.0	4.4	3.5	0.0	—
+ Other Current Liabilities	0.4	0.0	0.0	0.0	—
+ Provisions — Current	2.7	-1.6	-4.3	-2.1	—
+ Provisions — Non-current	0.0	0.0	0.0	6.1	—
Cash from Operating Activities
Profit Before Tax (per I/S)	72.7	38.1	86.7	153.6	183.1
+ Total Adjustments (incl. Working Capital)	-70.1	-4.4	-42.3	-62.4	—
Cash from Operations (pre-tax)	2.6	33.7	44.5	91.2	—
+ Interest Received — Operating	-0.4	0.0	0.0	0.0	—
+ Dividends Received — Operating	3.3	0.0	0.0	0.0	—
+ Income Taxes Paid	18.9	16.4	19.4	34.0	—
Cash from Operating Activities	-13.3	17.3	25.1	57.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	0.0	35.5	46.2	53.6	—
+ Disp of Fixed Assets	-27.3	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	0.0	246.8	0.0	0.0	—
+ Disp of Other Long-term Assets	0.0	134.8	96.1	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.6	7.0	—
+ Interest Received — Investing	0.0	1.5	4.4	0.9	—
+ Other Inflows / (Outflows) — Investing	0.2	0.0	0.0	-3.9	—
Cash from Investing Activities	-27.1	-146.1	53.8	-63.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	79.8	463.4	0.0	0.0	—
+ Proceeds from Other Equity Instruments	401.6	0.0	0.0	0.0	—
+ Proceeds from Exercise of Stock Options	0.0	0.8	1.5	1.0	—
+ Buyback / Redemption of Own Shares	0.0	5.4	37.5	0.0	—
+ Proceeds from Borrowings	24.3	25.3	12.2	40.9	—
+ Repayment of Borrowings	-19.5	183.3	0.0	8.5	—
+ Payment of Lease Liabilities	0.0	10.3	12.3	13.6	—
+ Interest Paid	-28.3	8.8	11.1	11.4	—
+ Dividends Paid	0.0	4.1	5.2	0.6	—
+ Other Inflows / (Outflows) — Financing	-99.3	-528.5	0.0	0.0	—
Cash from Financing Activities	454.2	-250.8	-52.3	7.9	—
Net Changes in Cash (pre-FX)	413.8	-379.6	26.6	1.5	—
+ Effect of FX Rate Changes on Cash	0.3	0.1	-0.1	0.9	—
Net Changes in Cash	414.1	-379.6	26.5	2.4	—
Closing Cash	421.9	42.3	68.8	—	—
Reference Items
EBITDA	112.8	62.5	114.9	173.3	201.4
EBITDA Margin %	11.94	7.21	10.46	10.81	11.42
Free Cash Flow (CFO − Capex)	-13.3	-18.2	-21.1	3.5	3.5
Free Cash Flow to Equity	—	-169.1	-54.7	33.9	—
Free Cash Flow per Basic Share	-2.00	-2.73	-3.16	0.53	0.53
Price to Free Cash Flow	—	—	—	—	3,884.80
Cash Flow to Net Income	-0.25	0.62	0.39	0.51	—
Cash Paid for Taxes	18.9	16.4	19.4	34.0	—
Cash Paid for Interest	28.3	8.8	11.1	11.4	—

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%.