Bajel Projects cash flow

Latest FY26

Cash from operations: ₹21.1cr−69.5% on FY25
Capital spending: ₹33.8cr−2.1% on FY25
Free cash flow: −₹12.7cr₹34.6 cr in FY25
Cash from financing: −₹72.1cr₹68.1 cr in FY25

₹ crore except per share

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

Adjustments to reconcile profit — non-cash items
	—	19.7	12.7	5.8
	—	0.0	19.6	—
	—	63.4	53.5	18.5
	—	−14.6	−13.9	—
	—	11.7	9.1	—
	—	−2.3	0.5	—
	—	2.3	−17.4	—
	—	0.0	−0.1	—
Changes in working capital
	—	−10.5	−20.5	−12.6
	—	−673	−364	−310
	—	72.7	−186	—
	—	25.7	−2.6	—
	—	3.7	3.0	—
	—	91.1	53.7	—
	—	8.9	−0.3	—
	—	344	103	416
	—	−8.1	212	—
	—	−7.1	1.7	—
	—	55.7	179	—
	—	0.0	3.8	—
	—	6.2	−1.5	—
	—	2.9	0.0	—
Cash from operating activities
	36.3	33.9	24.0	—
	—	−7.5	45.0	—
	—	26.3	68.9	197
	—	5.2	−0.2	2.0
	—	21.1	69.1	195
Cash from investing activities
	—	33.8	34.5	27.1
	—	0.1	0.1	0.1
	—	14.4	9.3	—
	—	38.4	−103	—
	—	19.1	−128	−135
Cash from financing activities
	—	1.1	3.6	—
	—	0.0	121	—
	—	6.6	0.0	—
	—	5.5	4.5	—
	—	61.0	52.0	15.3
	—	−72.1	68.1	−14.6
	—	−32.0	9.1	—
	—	−32.0	9.1	46.0
	—	—	—	46.6
Reference items
	99.7	97.7	59.3	—
	3.6%	3.5%	2.3%	—
	−12.7	−12.7	34.6	168
	—	155	—	—
	−₹1.10	−₹1.10	₹2.99	₹14.55
	—	1.04×	4.47×	—
	—	5.2	−0.2	2.0
	—	61.0	52.0	15.3

Open the chart

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

alphave

BAJEL₹163.11

Bajel Projects Limited

· Capital Goods & Defence

₹ CrorePeersMARSONS EXICOM BBL INDOTECH JYOTISTRUC WAAREEINDO GVPIL SHILCTECHMcap ₹1,887 Cr

View

In ₹ Crore except Per Share 12 Months Ending	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	5.8	12.7	19.7	—
+ Impairment Loss / (Reversal)	—	19.6	0.0	—
+ Finance Costs	18.5	53.5	63.4	—
+ Interest Income	—	-13.9	-14.6	—
+ Share-based Payments	—	9.1	11.7	—
+ Unrealised FX (Gain) / Loss	—	0.5	-2.3	—
+ Other Non-cash Items	—	-17.4	2.3	—
+ Other — Cash Effects are Investing / Financing	—	-0.1	0.0	—
Changes in Working Capital
+ Inventories	-12.6	-20.5	-10.5	—
+ Trade Receivables — Current	-310.4	-363.5	-672.5	—
+ Trade Receivables — Non-current	—	-185.9	72.7	—
+ Other Financial Assets — Current	—	-2.6	25.7	—
+ Other Financial Assets — Non-current	—	3.0	3.7	—
+ Other Current Assets	—	53.7	91.1	—
+ Other Non-current Assets	—	-0.3	8.9	—
+ Trade Payables — Current	416.1	102.7	343.5	—
+ Other Financial Liabilities — Current	—	211.7	-8.1	—
+ Other Financial Liabilities — Non-current	—	1.7	-7.1	—
+ Other Current Liabilities	—	178.6	55.7	—
+ Other Non-current Liabilities	—	3.8	0.0	—
+ Provisions — Current	—	-1.5	6.2	—
+ Provisions — Non-current	—	0.0	2.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	—	24.0	33.9	36.3
+ Total Adjustments (incl. Working Capital)	—	45.0	-7.5	—
Cash from Operations (pre-tax)	197.4	68.9	26.3	—
+ Income Taxes Paid	2.0	-0.2	5.2	—
Cash from Operating Activities	195.4	69.1	21.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	27.1	34.5	33.8	—
+ Disp of Fixed Assets	0.1	0.1	0.1	—
+ Interest Received — Investing	—	9.3	14.4	—
+ Other Inflows / (Outflows) — Investing	—	-103.0	38.4	—
Cash from Investing Activities	-134.8	-128.1	19.1	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	—	3.6	1.1	—
+ Proceeds from Borrowings	—	121.0	0.0	—
+ Repayment of Borrowings	—	0.0	6.6	—
+ Payment of Lease Liabilities	—	4.5	5.5	—
+ Interest Paid	15.3	52.0	61.0	—
Cash from Financing Activities	-14.6	68.1	-72.1	—
Net Changes in Cash (pre-FX)	—	9.1	-32.0	—
Net Changes in Cash	46.0	9.1	-32.0	—
Closing Cash	46.6	—	—	—
Reference Items
EBITDA	—	59.3	97.7	99.7
EBITDA Margin %	—	2.28	3.50	3.62
Free Cash Flow (CFO − Capex)	168.3	34.6	-12.7	-12.7
Free Cash Flow to Equity	—	—	155.3	—
Free Cash Flow per Basic Share	14.55	2.99	-1.10	-1.10
Cash Flow to Net Income	—	4.47	1.04	—
Cash Paid for Taxes	2.0	-0.2	5.2	—
Cash Paid for Interest	15.3	52.0	61.0	—

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%.