DCW cash flow

Latest FY26

Cash from operations: ₹278cr+45.7% on FY25
Capital spending: ₹93.1cr+21.8% on FY25
Free cash flow: ₹185cr+61.8% on FY25
Cash from financing: −₹221cr−₹78.0 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.
	—	104	99.9	93.8	90.2
	—	62.2	67.2	73.5	126
	—	−15.4	−13.0	−11.5	−8.0
	—	2.9	0.9	0.1	−0.6
	—	−3.7	0.0	0.0	0.0
	—	0.0	−0.4	0.7	−46.2
	—	0.0	−10.6	2.5	−2.7
	—	118	−51.0	−31.9	−97.5
	—	−58.2	16.1	18.8	−16.6
	—	−0.6	0.6	−0.1	−0.1
	—	0.0	−4.2	−2.1	−1.7
	—	0.0	−16.2	11.6	10.1
	—	0.0	−7.6	4.6	−2.0
	—	−8.1	47.7	61.8	−19.0
	—	0.0	12.6	−24.6	31.1
	—	0.0	0.0	0.0	−20.8
	—	0.0	8.2	42.4	−41.1
	—	0.0	0.0	4.4	0.0
	—	0.0	0.0	−4.4	0.0
Cash from operating activities
	50.3	74.6	49.4	25.3	274
	—	201	150	240	1.1
	—	276	200	265	276
	—	−2.3	8.8	12.8	49.6
	—	278	191	252	226
Cash from investing activities
	—	93.1	76.5	93.6	86.2
	—	2.5	2.3	3.1	0.4
	—	−4.4	0.0	0.0	0.0
	—	7.6	0.0	0.0	0.0
	—	0.0	0.0	19.5	0.0
	—	15.4	13.0	11.5	8.0
	—	0.0	−51.1	−0.1	−86.7
	—	−63.3	−112	−98.6	−165
Cash from financing activities
	—	0.0	0.0	0.0	22.5
	—	3.3	83.3	52.0	101
	—	155	128	124	95.2
	—	0.0	1.6	2.3	1.9
	—	58.5	64.3	69.3	136
	—	5.9	0.0	8.9	17.6
	—	−4.6	33.1	0.0	−11.3
	—	−221	−78.0	−153	−139
	—	−6.5	0.6	0.8	−77.8
	—	−6.5	0.6	0.8	−77.8
	—	—	—	10.7	9.9
Reference items
	193	222	193	176	428
	8.3%	10.3%	9.7%	9.4%	16.3%
	185	185	114	158	140
	—	10.6	39.3	20.7	—
	₹6.26	₹6.26	₹3.87	₹5.37	₹4.73
	7.20×	—	—	—	—
	—	5.77×	6.30×	16.10×	1.18×
	—	−2.3	8.8	12.8	49.6
	—	58.5	64.3	69.3	136

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

alphave

DCW₹45.08

DCW Limited

· Chemicals

₹ CrorePeersMANALIPETC TNPETRO AGARIND BEPLMcap ₹1,331 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	90.2	93.8	99.9	103.8	—
+ Finance Costs	126.1	73.5	67.2	62.2	—
+ Interest Income	-8.0	-11.5	-13.0	-15.4	—
+ Unrealised FX (Gain) / Loss	-0.6	0.1	0.9	2.9	—
+ Other Non-cash Items	0.0	0.0	0.0	-3.7	—
+ Other — Cash Effects are Investing / Financing	-46.2	0.7	-0.4	0.0	—
+ Other Reconciling Items	-2.7	2.5	-10.6	0.0	—
Changes in Working Capital
+ Inventories	-97.5	-31.9	-51.0	118.2	—
+ Trade Receivables — Current	-16.6	18.8	16.1	-58.2	—
+ Other Financial Assets — Current	-0.1	-0.1	0.6	-0.6	—
+ Other Financial Assets — Non-current	-1.7	-2.1	-4.2	0.0	—
+ Other Current Assets	10.1	11.6	-16.2	0.0	—
+ Other Non-current Assets	-2.0	4.6	-7.6	0.0	—
+ Trade Payables — Current	-19.0	61.8	47.7	-8.1	—
+ Other Financial Liabilities — Current	31.1	-24.6	12.6	0.0	—
+ Other Financial Liabilities — Non-current	-20.8	0.0	0.0	0.0	—
+ Other Current Liabilities	-41.1	42.4	8.2	0.0	—
+ Provisions — Current	0.0	4.4	0.0	0.0	—
+ Provisions — Non-current	0.0	-4.4	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	274.4	25.3	49.4	74.6	50.3
+ Total Adjustments (incl. Working Capital)	1.1	239.5	150.1	201.1	—
Cash from Operations (pre-tax)	275.5	264.9	199.5	275.7	—
+ Income Taxes Paid	49.6	12.8	8.8	-2.3	—
Cash from Operating Activities	225.9	252.1	190.8	278.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	86.2	93.6	76.5	93.1	—
+ Disp of Fixed Assets	0.4	3.1	2.3	2.5	—
+ Acq of Other Long-term Assets	0.0	0.0	0.0	-4.4	—
+ Disp of Other Long-term Assets	0.0	0.0	0.0	7.6	—
+ Purchase of Investments (Equity / Debt)	0.0	19.5	0.0	0.0	—
+ Interest Received — Investing	8.0	11.5	13.0	15.4	—
+ Other Inflows / (Outflows) — Investing	-86.7	-0.1	-51.1	0.0	—
Cash from Investing Activities	-164.6	-98.6	-112.2	-63.3	—
Cash from Financing Activities
+ Proceeds from Other Equity Instruments	22.5	0.0	0.0	0.0	—
+ Proceeds from Borrowings	100.7	52.0	83.3	3.3	—
+ Repayment of Borrowings	95.2	124.2	128.4	155.5	—
+ Payment of Lease Liabilities	1.9	2.3	1.6	0.0	—
+ Interest Paid	136.2	69.3	64.3	58.5	—
+ Dividends Paid	17.6	8.9	0.0	5.9	—
+ Other Inflows / (Outflows) — Financing	-11.3	0.0	33.1	-4.6	—
Cash from Financing Activities	-139.1	-152.7	-78.0	-221.2	—
Net Changes in Cash (pre-FX)	-77.8	0.8	0.6	-6.5	—
Net Changes in Cash	-77.8	0.8	0.6	-6.5	—
Closing Cash	9.9	10.7	—	—	—
Reference Items
EBITDA	428.5	175.5	193.4	221.6	193.0
EBITDA Margin %	16.27	9.38	9.67	10.34	8.27
Free Cash Flow (CFO − Capex)	139.7	158.5	114.3	184.8	184.8
Free Cash Flow to Equity	—	20.7	39.3	10.6	—
Free Cash Flow per Basic Share	4.73	5.37	3.87	6.26	6.26
Price to Free Cash Flow	—	—	—	—	7.20
Cash Flow to Net Income	1.18	16.10	6.30	5.77	—
Cash Paid for Taxes	49.6	12.8	8.8	-2.3	—
Cash Paid for Interest	136.2	69.3	64.3	58.5	—

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%.