Blue Star cash flow

Latest FY26

Cash from operations: ₹154cr−77.6% on FY25
Capital spending: ₹329cr−11.6% on FY25
Free cash flow: −₹175cr₹316 cr in FY25
Cash from financing: ₹137cr−₹162 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.
	—	179	128	97.6	84.8
	—	72.1	48.8	58.1	54.7
	—	−11.5	−15.0	−7.5	−5.5
	—	0.0	0.0	0.0	0.0
	—	7.5	3.7	0.0	0.0
	—	0.0	1.2	−0.7	1.5
	—	−44.4	12.7	0.0	32.4
	—	−21.1	−33.8	−14.7	−175
	—	0.0	−1.3	12.5	0.0
	—	−16.9	−742	26.2	−289
	—	−167	−44.4	−479	−406
	—	0.0	−20.4	−22.1	−1.4
	—	0.0	−8.2	−5.0	1.3
	—	4.8	−294	−130	−162
	—	66.7	0.0	−25.0	−15.3
	—	0.0	2.6	0.2	0.0
	—	−462	832	161	489
	—	0.0	12.1	2.8	0.0
	—	−41.2	151	183	161
	—	9.3	8.7	0.0	11.0
	—	22.1	36.4	7.6	4.2
	—	27.5	4.8	4.5	0.4
Cash from operating activities
	696	703	786	557	555
	—	−376	83.4	−131	−215
	—	326	870	426	340
	—	172	182	136	92.7
	—	154	688	289	247
Cash from investing activities
	—	329	372	441	360
	—	6.7	3.4	5.1	178
	—	0.0	19.0	0.0	0.0
	—	0.0	2.7	2.6	0.0
	—	9.1	12.7	9.3	8.7
	—	0.0	0.0	0.0	34.8
	—	−45.5	−130	−101	26.6
	—	−359	−464	−525	−182
Cash from financing activities
	—	0.0	0.0	1,000	0.0
	—	2,924	968	1,678	273
	—	2,500	925	2,094	175
	—	50.9	28.1	0.0	26.4
	—	—	—	23.5	0.0
	—	51.4	32.9	63.6	66.4
	—	185	144	116	96.4
	—	0.0	−0.5	−16.6	0.0
	—	137	−162	365	−91.1
	—	−67.8	61.9	129	−25.4
	—	5.0	0.9	227	3.0
	—	−62.8	62.8	357	−22.3
	—	357	420	357	243
Reference items
	925	930	876	665	493
	6.9%	7.5%	7.3%	6.9%	6.2%
	−175	−175	316	−152	−113
	—	201	316	−626	—
	−₹8.52	−₹8.52	₹15.37	−₹7.38	−₹5.50
	—	0.29×	1.16×	0.70×	0.62×
	—	172	182	136	92.7
	—	51.4	32.9	63.6	66.4

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

alphave

BLUESTARCO₹1,673.00

Blue Star Ltd.

· Consumer Goods

₹ CrorePeersVOLTAS HAVELLS AMBER KALYANKJIL LGEINDIA DIXON TITAN ASIANPAINTMcap ₹34,397 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	84.8	97.6	128.4	178.8	—
+ Finance Costs	54.7	58.1	48.8	72.1	—
+ Interest Income	-5.5	-7.5	-15.0	-11.5	—
+ Fair Value (Gains) / Losses	0.0	0.0	0.0	0.0	—
+ Share-based Payments	0.0	0.0	3.7	7.5	—
+ Unrealised FX (Gain) / Loss	1.5	-0.7	1.2	0.0	—
+ Other Non-cash Items	32.4	0.0	12.7	-44.4	—
+ Other — Cash Effects are Investing / Financing	-175.3	-14.7	-33.8	-21.1	—
+ Other Reconciling Items	0.0	12.5	-1.3	0.0	—
Changes in Working Capital
+ Inventories	-289.1	26.2	-741.9	-16.9	—
+ Trade Receivables — Current	-406.0	-478.9	-44.4	-167.3	—
+ Other Financial Assets — Current	-1.4	-22.1	-20.4	0.0	—
+ Other Financial Assets — Non-current	1.3	-5.0	-8.2	0.0	—
+ Other Current Assets	-162.0	-129.8	-293.7	4.8	—
+ Other Non-current Assets	-15.3	-25.0	0.0	66.7	—
+ Other Bank Balances	0.0	0.2	2.6	0.0	—
+ Trade Payables — Current	488.6	160.5	831.6	-462.2	—
+ Other Financial Liabilities — Current	0.0	2.8	12.1	0.0	—
+ Other Current Liabilities	161.0	182.5	151.3	-41.2	—
+ Other Non-current Liabilities	11.0	0.0	8.7	9.3	—
+ Provisions — Current	4.2	7.6	36.4	22.1	—
+ Provisions — Non-current	0.4	4.5	4.8	27.5	—
Cash from Operating Activities
Profit Before Tax (per I/S)	555.0	556.7	786.3	702.6	696.2
+ Total Adjustments (incl. Working Capital)	-214.9	-131.1	83.4	-376.5	—
Cash from Operations (pre-tax)	340.0	425.5	869.7	326.1	—
+ Income Taxes Paid	92.7	136.3	181.6	172.3	—
Cash from Operating Activities	247.4	289.2	688.1	153.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	360.4	441.0	372.0	329.0	—
+ Disp of Fixed Assets	178.2	5.1	3.4	6.7	—
+ Disp of Investment Property	0.0	0.0	19.0	0.0	—
+ Government Grants Received	0.0	2.6	2.7	0.0	—
+ Interest Received — Investing	8.7	9.3	12.7	9.1	—
+ Income Taxes (Paid) / Refund — Investing	34.8	0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Investing	26.6	-100.7	-129.8	-45.5	—
Cash from Investing Activities	-181.7	-524.6	-464.0	-358.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	1,000.0	0.0	0.0	—
+ Proceeds from Borrowings	273.0	1,677.9	968.2	2,924.2	—
+ Repayment of Borrowings	175.0	2,093.6	925.0	2,500.0	—
+ Payment of Lease Liabilities	26.4	0.0	28.1	50.9	—
+ Payment of Finance Lease Liabilities	0.0	23.5	—	—	—
+ Interest Paid	66.4	63.6	32.9	51.4	—
+ Dividends Paid	96.4	115.8	143.9	184.8	—
+ Other Inflows / (Outflows) — Financing	0.0	-16.6	-0.5	0.0	—
Cash from Financing Activities	-91.1	364.8	-162.2	137.1	—
Net Changes in Cash (pre-FX)	-25.4	129.4	61.9	-67.8	—
+ Effect of FX Rate Changes on Cash	3.0	227.5	0.9	5.0	—
Net Changes in Cash	-22.3	356.9	62.8	-62.8	—
Closing Cash	243.3	357.3	420.1	357.3	—
Reference Items
EBITDA	492.8	664.9	875.9	930.4	924.5
EBITDA Margin %	6.18	6.87	7.32	7.50	6.95
Free Cash Flow (CFO − Capex)	-113.0	-151.7	316.0	-175.2	-175.2
Free Cash Flow to Equity	—	-626.3	315.9	200.8	—
Free Cash Flow per Basic Share	-5.50	-7.38	15.37	-8.52	-8.52
Cash Flow to Net Income	0.62	0.70	1.16	0.29	—
Cash Paid for Taxes	92.7	136.3	181.6	172.3	—
Cash Paid for Interest	66.4	63.6	32.9	51.4	—

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.

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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%.