Balu Forge Industries cash flow

Latest FY26
Cash from operations
₹31.7cr−78.6% on FY25
Capital spending
₹207cr−50.3% on FY25
Free cash flow
−₹175cr−₹268 cr in FY25
Cash from financing
₹315cr+15.1% on FY25
₹ crore except per share
Tap a line for its trendLast 12Mto Jun 2026FY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023
Adjustments to reconcile profit — non-cash items
—10.03.42.11.3
—16.511.013.610.5
—−0.8−2.8−3.2—
—−29.1−49.9−19.9—
Changes in working capital
—−47.2−8.6−54.6—
—−116−109−8.2−91.8
—−75.5−4.0−50.5—
—−18.688.9−8.440.2
—0.10.30.1—
Cash from operating activities
317306254114—
—−261−70.6−129—
—45.5183−15.225.9
—13.835.12.8—
—31.7148−18.012.2
Cash from investing activities
—207416148—
—−147−0.20.0—
—−354−417−148—
Cash from financing activities
—2472962620.0
—96.10.013.1—
—5.312.915.7—
—5.40.00.0—
—2.38.210.4—
—1.71.60.00.0
—−13.40.00.0—
—315274249—
—−7.45.182.8−0.8
—−7.45.182.8−0.8
——93.187.95.1
Reference items
312300251119—
26.6%27.1%27.2%21.3%—
−175−175−268−16612.2
—−86.8−289−179—
−₹14.44−₹14.44−₹22.09−₹13.66₹1.00
—0.12×0.73×−0.19×—
—13.835.12.8—
—2.38.210.4—
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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

BALUFORGE₹452.85

Balu Forge Industries Ltd.

· Capital Goods & Defence
₹ CrorePeersBHARATFORGAZADAXISCADESBORORENEWAVALONATLANTAELEASTRAMICROAPOLLOMcap ₹5,497 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 & Amortisation1.32.13.410.0—
+ Finance Costs10.513.611.016.5—
+ Interest Income—-3.2-2.8-0.8—
+ Other Non-cash Items—-19.9-49.9-29.1—
Changes in Working Capital
+ Inventories—-54.6-8.6-47.2—
+ Trade Receivables — Current-91.8-8.2-108.9-115.9—
+ Other Current Assets—-50.5-4.0-75.5—
+ Trade Payables — Current40.2-8.488.9-18.6—
+ Provisions — Current—0.10.30.1—
Cash from Operating Activities
Profit Before Tax (per I/S)—113.8253.9306.0316.7
+ Total Adjustments (incl. Working Capital)—-129.1-70.6-260.6—
Cash from Operations (pre-tax)25.9-15.2183.445.5—
+ Income Taxes Paid—2.835.113.8—
Cash from Operating Activities12.2-18.0148.231.7—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)—147.9416.4207.0—
+ Other Inflows / (Outflows) — Investing—0.0-0.2-146.9—
Cash from Investing Activities—-147.9-416.6-354.0—
Cash from Financing Activities
+ Proceeds from Issue of Shares0.0261.6296.1246.8—
+ Proceeds from Borrowings—13.10.096.1—
+ Repayment of Borrowings—15.712.95.3—
+ Payment of Lease Liabilities—0.00.05.4—
+ Interest Paid—10.48.22.3—
+ Dividends Paid0.00.01.61.7—
+ Other Inflows / (Outflows) — Financing—0.00.0-13.4—
Cash from Financing Activities—248.6273.5314.8—
Net Changes in Cash (pre-FX)-0.882.85.1-7.4—
Net Changes in Cash-0.882.85.1-7.4—
Closing Cash5.187.993.1——
Reference Items
EBITDA—119.1251.1299.5312.0
EBITDA Margin %—21.2827.1927.0526.56
Free Cash Flow (CFO − Capex)12.2-165.8-268.2-175.3-175.3
Free Cash Flow to Equity—-178.8-289.2-86.8—
Free Cash Flow per Basic Share1.00-13.66-22.09-14.44-14.44
Cash Flow to Net Income—-0.190.730.12—
Cash Paid for Taxes—2.835.113.8—
Cash Paid for Interest—10.48.22.3—
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 ✓ 95%.