Azad Engineering cash flow

Latest FY26

Cash from operations: −₹119cr₹53.7 cr in FY25
Capital spending: ₹572cr+95.2% on FY25
Free cash flow: −₹691cr−₹240 cr in FY25
Cash from financing: ₹174cr−80.1% on 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
	—	52.8	29.5	20.5	—
	—	0.0	3.6	0.0	—
	—	30.8	18.4	47.3	52.4
	—	−22.8	−5.2	−1.4	−2.7
	—	−15.8	−1.6	−0.6	—
	—	1.0	0.0	2.1	—
	—	0.0	0.0	7.8	—
Changes in working capital
	—	−140	−56.3	−46.9	—
	—	−73.7	−55.6	−52.8	—
	—	0.7	−6.0	−20.8	—
	—	−74.0	−25.2	−33.7	—
	—	6.1	30.2	0.5	—
	—	−23.0	16.3	1.8	—
	—	−1.6	−2.1	2.0	—
	—	1.8	1.2	1.2	—
Cash from operating activities
	184	187	124	80.8	13.2
	—	−257	−52.8	−73.1	—
	—	−70.1	71.2	7.7	—
	—	48.8	17.5	14.6	9.6
	—	−119	53.7	−7.0	—
Cash from investing activities
	—	572	293	75.3	85.6
	—	0.0	0.0	4.2	—
	—	0.0	0.0	11.9	—
	—	21.5	0.4	1.4	—
	—	480	−625	2.6	—
	—	−71.4	−918	−55.3	−101
Cash from financing activities
	—	0.0	700	240	—
	—	225	216	43.7	—
	—	11.7	9.8	165	—
	—	2.1	2.8	0.2	—
	—	35.2	15.4	47.3	—
	—	−1.7	−11.6	−0.1	—
	—	174	877	71.0	126
	—	−16.2	12.6	8.8	—
	—	−16.2	12.6	8.8	—
	—	—	40.8	28.2	—
Reference items
	240	225	161	117	55.7
	37.7%	37.4%	35.3%	34.2%	—
	−691	−691	−240	−82.3	—
	—	−514	−48.5	−393	—
	−₹107.07	−₹107.07	−₹37.10	−₹12.74	—
	—	−0.89×	0.62×	−0.12×	—
	—	48.8	17.5	14.6	9.6
	—	35.2	15.4	47.3	—

Open the chart

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

alphave

AZAD₹2,533.90

Azad Engineering Ltd.

· Capital Goods & Defence

₹ CrorePeersMTARTECH PARAS DYNAMATECH AXISCADES BALUFORGE AVALON ATLANTAELE ASTRAMICROMcap ₹16,364 Cr

View

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	—	20.5	29.5	52.8	—
+ Impairment Loss / (Reversal)	—	0.0	3.6	0.0	—
+ Finance Costs	52.4	47.3	18.4	30.8	—
+ Interest Income	-2.7	-1.4	-5.2	-22.8	—
+ Unrealised FX (Gain) / Loss	—	-0.6	-1.6	-15.8	—
+ Other Non-cash Items	—	2.1	0.0	1.0	—
+ Other — Cash Effects are Investing / Financing	—	7.8	0.0	0.0	—
Changes in Working Capital
+ Inventories	—	-46.9	-56.3	-139.8	—
+ Trade Receivables — Current	—	-52.8	-55.6	-73.7	—
+ Other Financial Assets — Current	—	-20.8	-6.0	0.7	—
+ Other Current Assets	—	-33.7	-25.2	-74.0	—
+ Trade Payables — Current	—	0.5	30.2	6.1	—
+ Other Financial Liabilities — Current	—	1.8	16.3	-23.0	—
+ Other Current Liabilities	—	2.0	-2.1	-1.6	—
+ Provisions — Current	—	1.2	1.2	1.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	13.2	80.8	124.0	187.3	184.4
+ Total Adjustments (incl. Working Capital)	—	-73.1	-52.8	-257.5	—
Cash from Operations (pre-tax)	—	7.7	71.2	-70.1	—
+ Income Taxes Paid	9.6	14.6	17.5	48.8	—
Cash from Operating Activities	—	-7.0	53.7	-119.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	85.6	75.3	293.3	572.5	—
+ Disp of Fixed Assets	—	4.2	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	—	11.9	0.0	0.0	—
+ Interest Received — Investing	—	1.4	0.4	21.5	—
+ Other Inflows / (Outflows) — Investing	—	2.6	-624.9	479.5	—
Cash from Investing Activities	-101.2	-55.3	-917.7	-71.4	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	—	240.0	700.0	0.0	—
+ Proceeds from Borrowings	—	43.7	216.2	224.8	—
+ Repayment of Borrowings	—	165.2	9.8	11.7	—
+ Payment of Lease Liabilities	—	0.2	2.8	2.1	—
+ Interest Paid	—	47.3	15.4	35.2	—
+ Other Inflows / (Outflows) — Financing	—	-0.1	-11.6	-1.7	—
Cash from Financing Activities	126.3	71.0	876.7	174.1	—
Net Changes in Cash (pre-FX)	—	8.8	12.6	-16.2	—
Net Changes in Cash	—	8.8	12.6	-16.2	—
Closing Cash	—	28.2	40.8	—	—
Reference Items
EBITDA	55.7	116.6	161.3	225.3	240.4
EBITDA Margin %	—	34.21	35.27	37.37	37.66
Free Cash Flow (CFO − Capex)	—	-82.3	-239.6	-691.4	-691.4
Free Cash Flow to Equity	—	-393.0	-48.5	-513.6	—
Free Cash Flow per Basic Share	—	-12.74	-37.10	-107.07	-107.07
Cash Flow to Net Income	—	-0.12	0.62	-0.89	—
Cash Paid for Taxes	9.6	14.6	17.5	48.8	—
Cash Paid for Interest	—	47.3	15.4	35.2	—

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%.