Ester Industries cash flow

Latest FY26

Cash from operations: ₹88.5cr−21.1% on FY25
Capital spending: ₹61.4cr+98.2% on FY25
Free cash flow: ₹27.1cr−66.6% on FY25
Cash from financing: ₹6.5cr−₹133 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 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.
	—	69.9	68.8	68.0	44.7
	—	57.4	59.7	65.7	32.2
	—	−8.6	−7.0	−3.8	−3.2
	—	−0.3	−0.8	−2.1	−3.1
	—	0.5	0.2	0.3	0.5
	—	35.9	5.1	1.4	4.1
	—	3.1	0.9	1.2	1.4
	—	−4.8	−2.1	−14.6	−149
	—	−46.7	−16.8	27.1	−7.1
	—	−11.6	−24.5	4.0	−17.0
	—	0.3	−1.1	−1.7	−4.1
	—	−6.3	19.6	11.2	−11.4
	—	20.4	−15.9	30.0	−4.3
	—	7.7	1.3	−6.7	−3.8
	—	0.1	0.0	0.0	−0.0
	—	1.2	−0.1	0.6	0.5
Cash from operating activities
	3.1	−24.3	27.8	−135	23.9
	—	118	87.4	181	−119
	—	94.0	115	45.7	−95.4
	—	0.0	0.0	0.0	163
	—	5.4	3.0	2.0	10.1
	—	88.5	112	43.8	57.7
Cash from investing activities
	—	61.4	31.0	73.5	257
	—	0.3	1.3	1.7	0.6
	—	17.4	73.2	31.4	150
	—	21.7	86.0	130	0.0
	—	0.0	0.0	0.0	257
	—	7.3	6.4	5.1	1.6
	—	0.0	0.0	0.0	33.6
	—	−66.8	−46.0	9.4	−19.1
	—	−116	−56.5	41.7	−199
Cash from financing activities
	—	1.8	0.9	99.9	0.0
	—	117	63.8	72.5	212
	—	89.6	184	121	52.9
	—	0.0	0.0	0.0	0.5
	—	56.6	58.0	61.0	29.0
	—	5.9	0.0	4.2	15.8
	—	40.2	43.7	−0.1	0.0
	—	6.5	−133	−13.9	114
	—	−21.4	−77.4	71.6	−27.8
	—	0.0	100.0	0.0	0.0
	—	−21.4	22.6	71.6	−27.8
	—	—	—	100.0	28.4
Reference items
	124	94.5	147	−23.6	91.8
	8.4%	6.9%	11.5%	−2.2%	8.2%
	27.1	27.1	81.2	−29.7	−199
	—	39.3	−89.1	−134	—
	₹2.78	₹2.78	₹8.32	−₹3.04	−₹20.38
	30.84×	—	—	—	—
	—	−3.22×	8.19×	−0.36×	0.42×
	—	5.4	3.0	2.0	10.1
	—	56.6	58.0	61.0	29.0

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

alphave

ESTER₹85.66

Ester Industries Limited

· Others

₹ CrorePeersDVL ORICONENT COMSYN KANPRPLA NAHARPOLY PYRAMID TPLPLASTEH SHREERAMAMcap ₹836 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 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	44.7	68.0	68.8	69.9	—
+ Finance Costs	32.2	65.7	59.7	57.4	—
+ Interest Income	-3.2	-3.8	-7.0	-8.6	—
+ Fair Value (Gains) / Losses	-3.1	-2.1	-0.8	-0.3	—
+ Share-based Payments	0.5	0.3	0.2	0.5	—
+ Unrealised FX (Gain) / Loss	4.1	1.4	5.1	35.9	—
+ Other Non-cash Items	1.4	1.2	0.9	3.1	—
+ Other — Cash Effects are Investing / Financing	-148.6	-14.6	-2.1	-4.8	—
Changes in Working Capital
+ Inventories	-7.1	27.1	-16.8	-46.7	—
+ Trade Receivables — Current	-17.0	4.0	-24.5	-11.6	—
+ Other Financial Assets — Non-current	-4.1	-1.7	-1.1	0.3	—
+ Other Non-current Assets	-11.4	11.2	19.6	-6.3	—
+ Trade Payables — Current	-4.3	30.0	-15.9	20.4	—
+ Other Financial Liabilities — Current	-3.8	-6.7	1.3	7.7	—
+ Other Financial Liabilities — Non-current	-0.0	0.0	0.0	0.1	—
+ Provisions — Current	0.5	0.6	-0.1	1.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	23.9	-135.0	27.8	-24.3	3.1
+ Total Adjustments (incl. Working Capital)	-119.3	180.7	87.4	118.3	—
Cash from Operations (pre-tax)	-95.4	45.7	115.2	94.0	—
+ Other Inflows / (Outflows) — Operating	163.2	0.0	0.0	0.0	—
+ Income Taxes Paid	10.1	2.0	3.0	5.4	—
Cash from Operating Activities	57.7	43.8	112.2	88.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	256.6	73.5	31.0	61.4	—
+ Disp of Investment Property	0.6	1.7	1.3	0.3	—
+ Purchase of Investments (Equity / Debt)	149.7	31.4	73.2	17.4	—
+ Sale of Investments (Equity / Debt)	0.0	130.4	86.0	21.7	—
+ Disp of Subsidiaries / Businesses (net)	257.4	0.0	0.0	0.0	—
+ Interest Received — Investing	1.6	5.1	6.4	7.3	—
+ Income Taxes (Paid) / Refund — Investing	33.6	0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Investing	-19.1	9.4	-46.0	-66.8	—
Cash from Investing Activities	-199.3	41.7	-56.5	-116.4	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	99.9	0.9	1.8	—
+ Proceeds from Borrowings	212.0	72.5	63.8	116.6	—
+ Repayment of Borrowings	52.9	121.0	183.6	89.6	—
+ Payment of Lease Liabilities	0.5	0.0	0.0	0.0	—
+ Interest Paid	29.0	61.0	58.0	56.6	—
+ Dividends Paid	15.8	4.2	0.0	5.9	—
+ Other Inflows / (Outflows) — Financing	0.0	-0.1	43.7	40.2	—
Cash from Financing Activities	113.8	-13.9	-133.1	6.5	—
Net Changes in Cash (pre-FX)	-27.8	71.6	-77.4	-21.4	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	100.0	0.0	—
Net Changes in Cash	-27.8	71.6	22.6	-21.4	—
Closing Cash	28.4	100.0	—	—	—
Reference Items
EBITDA	91.8	-23.6	147.2	94.5	123.6
EBITDA Margin %	8.24	-2.22	11.48	6.87	8.41
Free Cash Flow (CFO − Capex)	-198.9	-29.7	81.2	27.1	27.1
Free Cash Flow to Equity	—	-133.9	-89.1	39.3	—
Free Cash Flow per Basic Share	-20.38	-3.04	8.32	2.78	2.78
Price to Free Cash Flow	—	—	—	—	30.84
Cash Flow to Net Income	0.42	-0.36	8.19	-3.22	—
Cash Paid for Taxes	10.1	2.0	3.0	5.4	—
Cash Paid for Interest	29.0	61.0	58.0	56.6	—

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%.