| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 1,349 | 1,331 | 1,498 | 1,305 | ||
| — | 0.0 | 17.0 | −2.0 | 1.0 | ||
| — | 480 | 399 | 386 | 231 | ||
| — | −65.0 | −109 | −175 | −66.0 | ||
| — | −43.0 | −49.0 | −34.0 | −19.0 | ||
| — | −12.0 | −15.0 | −13.0 | 19.0 | ||
| — | 0.0 | 0.0 | 3.0 | 14.0 | ||
| — | 3.0 | 3.0 | 2.0 | 1.0 | ||
| — | −4.0 | −3.0 | −10.0 | 1.0 | ||
| — | −106 | −88.0 | −82.0 | −55.0 | ||
| — | −16.0 | 115 | 0.0 | 140 | ||
Changes in working capital | ||||||
| — | 194 | −184 | 98.0 | −371 | ||
| — | 25.0 | −66.0 | −136 | −30.0 | ||
| — | −401 | −290 | −221 | −104 | ||
| — | −536 | 284 | 305 | 403 | ||
| — | 59.0 | 26.0 | 0.0 | 25.0 | ||
Cash from operating activities | ||||||
| 575 | 1,450 | 817 | 1,070 | 771 | ||
| — | 927 | 1,371 | 1,619 | 1,495 | ||
| — | 2,377 | 2,188 | 2,689 | 2,266 | ||
| — | 99.0 | 71.0 | 54.0 | 14.0 | ||
| — | 2,278 | 2,117 | 2,635 | 2,252 | ||
Cash from investing activities | ||||||
| — | 2,056 | 2,664 | 2,827 | 2,709 | ||
| — | 15.0 | 38.0 | 104 | 8.0 | ||
| — | 47.0 | 0.0 | 0.0 | 0.0 | ||
| — | 1,036 | 54.0 | 570 | 0.0 | ||
| — | 0.0 | 77.0 | 440 | 331 | ||
| — | 0.0 | 0.0 | 160 | 0.0 | ||
| — | 43.0 | 49.0 | 34.0 | 19.0 | ||
| — | 24.0 | 87.0 | 100 | 58.0 | ||
| — | 34.0 | 197 | −191 | −33.0 | ||
| — | −3,023 | −2,270 | −2,750 | −2,326 | ||
Cash from financing activities | ||||||
| — | 0.0 | 0.0 | 3.0 | 0.0 | ||
| — | 1,847 | 907 | 1,450 | 1,534 | ||
| — | 316 | 259 | 561 | 867 | ||
| — | 108 | 74.0 | 62.0 | 33.0 | ||
| — | 446 | 444 | 439 | 297 | ||
| — | 169 | 169 | 169 | 169 | ||
| — | 808 | −39.0 | 222 | 168 | ||
| — | 63.0 | −192 | 107 | 94.0 | ||
| — | 63.0 | −192 | 107 | 94.0 | ||
| — | 212 | 149 | 341 | 234 | ||
Reference items | ||||||
| 2,802 | 3,083 | 2,407 | 2,639 | 2,316 | ||
| 18.4% | 20.8% | 17.2% | 18.0% | 17.1% | ||
| 222 | 222 | −547 | −192 | −457 | ||
| — | 1,270 | −363 | 257 | — | ||
| ₹11.68 | ₹11.68 | −₹28.79 | −₹10.11 | −₹24.05 | ||
| 120.50× | — | — | — | — | ||
| — | 1.97× | 3.03× | 3.09× | 2.09× | ||
| — | 99.0 | 71.0 | 54.0 | 14.0 | ||
| — | 446 | 444 | 439 | 297 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
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 | 1,305.0 | 1,498.0 | 1,331.0 | 1,349.0 | — | |
| + Impairment Loss / (Reversal) | 1.0 | -2.0 | 17.0 | 0.0 | — | |
| + Finance Costs | 231.0 | 386.0 | 399.0 | 480.0 | — | |
| + Interest Income | -66.0 | -175.0 | -109.0 | -65.0 | — | |
| + Dividend Income | -19.0 | -34.0 | -49.0 | -43.0 | — | |
| + Fair Value (Gains) / Losses | 19.0 | -13.0 | -15.0 | -12.0 | — | |
| + Share-based Payments | 14.0 | 3.0 | 0.0 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | 1.0 | 2.0 | 3.0 | 3.0 | — | |
| + Other Non-cash Items | 1.0 | -10.0 | -3.0 | -4.0 | — | |
| + Other — Cash Effects are Investing / Financing | -55.0 | -82.0 | -88.0 | -106.0 | — | |
| + Other Reconciling Items | 140.0 | 0.0 | 115.0 | -16.0 | — | |
| Changes in Working Capital | ||||||
| + Inventories | -371.0 | 98.0 | -184.0 | 194.0 | — | |
| + Trade Receivables — Current | -30.0 | -136.0 | -66.0 | 25.0 | — | |
| + Other Current Assets | -104.0 | -221.0 | -290.0 | -401.0 | — | |
| + Trade Payables — Current | 403.0 | 305.0 | 284.0 | -536.0 | — | |
| + Provisions — Current | 25.0 | 0.0 | 26.0 | 59.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 771.0 | 1,070.0 | 817.0 | 1,450.0 | 575.0 | |
| + Total Adjustments (incl. Working Capital) | 1,495.0 | 1,619.0 | 1,371.0 | 927.0 | — | |
| Cash from Operations (pre-tax) | 2,266.0 | 2,689.0 | 2,188.0 | 2,377.0 | — | |
| + Income Taxes Paid | 14.0 | 54.0 | 71.0 | 99.0 | — | |
| Cash from Operating Activities | 2,252.0 | 2,635.0 | 2,117.0 | 2,278.0 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 2,709.0 | 2,827.0 | 2,664.0 | 2,056.0 | — | |
| + Disp of Fixed Assets | 8.0 | 104.0 | 38.0 | 15.0 | — | |
| + Acq of Other Long-term Assets | 0.0 | 0.0 | 0.0 | 47.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 570.0 | 54.0 | 1,036.0 | — | |
| + Sale of Investments (Equity / Debt) | 331.0 | 440.0 | 77.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 160.0 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 19.0 | 34.0 | 49.0 | 43.0 | — | |
| + Interest Received — Investing | 58.0 | 100.0 | 87.0 | 24.0 | — | |
| + Other Inflows / (Outflows) — Investing | -33.0 | -191.0 | 197.0 | 34.0 | — | |
| Cash from Investing Activities | -2,326.0 | -2,750.0 | -2,270.0 | -3,023.0 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 3.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 1,534.0 | 1,450.0 | 907.0 | 1,847.0 | — | |
| + Repayment of Borrowings | 867.0 | 561.0 | 259.0 | 316.0 | — | |
| + Payment of Lease Liabilities | 33.0 | 62.0 | 74.0 | 108.0 | — | |
| + Interest Paid | 297.0 | 439.0 | 444.0 | 446.0 | — | |
| + Dividends Paid | 169.0 | 169.0 | 169.0 | 169.0 | — | |
| Cash from Financing Activities | 168.0 | 222.0 | -39.0 | 808.0 | — | |
| Net Changes in Cash (pre-FX) | 94.0 | 107.0 | -192.0 | 63.0 | — | |
| Net Changes in Cash | 94.0 | 107.0 | -192.0 | 63.0 | — | |
| Closing Cash | 234.0 | 341.0 | 149.0 | 212.0 | — | |
| Reference Items | ||||||
| EBITDA | 2,316.0 | 2,639.0 | 2,407.0 | 3,083.0 | 2,802.0 | |
| EBITDA Margin % | 17.10 | 17.96 | 17.22 | 20.83 | 18.43 | |
| Free Cash Flow (CFO − Capex) | -457.0 | -192.0 | -547.0 | 222.0 | 222.0 | |
| Free Cash Flow to Equity | — | 257.0 | -363.0 | 1,270.0 | — | |
| Free Cash Flow per Basic Share | -24.05 | -10.11 | -28.79 | 11.68 | 11.68 | |
| Price to Free Cash Flow | — | — | — | — | 120.50 | |
| Cash Flow to Net Income | 2.09 | 3.09 | 3.03 | 1.97 | — | |
| Cash Paid for Taxes | 14.0 | 54.0 | 71.0 | 99.0 | — | |
| Cash Paid for Interest | 297.0 | 439.0 | 444.0 | 446.0 | — | |