Ethos cash flow

Latest FY26

Cash from operations: ₹89.6cr−₹20.3 cr in FY25
Capital spending: ₹71.3cr−10.2% on FY25
Free cash flow: ₹18.3cr−₹99.6 cr in FY25
Cash from financing: ₹502cr−₹58.4 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.
	—	89.5	63.0	48.7	34.6
	—	26.6	19.3	16.0	2.1
	—	−39.5	−21.8	−18.3	0.0
	—	−1.4	−0.3	−0.2	0.0
	—	0.2	−0.1	−0.5	−0.0
	—	−2.7	−0.6	−4.8	0.0
	—	1.1	0.8	−0.5	0.0
	—	0.0	0.0	0.0	−1.8
	—	−103	−153	−99.8	−89.9
	—	0.4	−2.9	−9.6	−1.1
	—	−12.4	−7.3	−5.1	−9.5
	—	−39.8	−7.7	7.7	−14.3
	—	54.9	−7.3	0.9	14.1
	—	4.1	−5.7	10.2	1.5
	—	14.0	5.8	2.2	1.5
	—	4.2	0.4	1.1	0.9
Cash from operating activities
	149	135	132	111	80.2
	—	−3.9	−118	−52.0	−62.0
	—	132	14.4	58.7	18.2
	—	41.9	34.7	27.9	20.3
	—	89.6	−20.3	30.8	−2.1
Cash from investing activities
	—	71.3	79.3	39.4	56.6
	—	1.0	6.0	7.9	1.1
	—	0.0	0.0	0.0	1.1
	—	0.0	4.7	19.4	0.0
	—	21.0	23.1	11.9	7.5
	—	−426	102	−83.7	−207
	—	−476	46.6	−123	−256
Cash from financing activities
	—	581	0.0	0.0	375
	—	0.0	0.0	175	0.0
	—	0.0	0.0	0.3	−20.6
	—	1.8	4.7	1.6	30.8
	—	45.1	33.9	28.1	35.6
	—	32.8	19.8	0.0	4.1
	—	0.0	0.0	15.5	0.0
	—	0.0	0.0	−5.4	−35.3
	—	502	−58.4	125	249
	—	116	−32.1	32.7	−9.8
	—	116	−32.1	32.7	−9.8
	—	—	28.5	60.6	27.9
Reference items
	223	208	190	152	114
	12.9%	12.9%	15.2%	15.2%	14.5%
	18.3	18.3	−99.6	−8.6	−58.8
	—	−58.1	−82.3	—	—
	₹6.85	₹6.85	−₹37.23	−₹3.23	−₹21.97
	366.94×	—	—	—	—
	—	0.93×	−0.21×	0.37×	−0.04×
	—	41.9	34.7	27.9	20.3
	—	32.8	19.8	—	4.1

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

alphave

ETHOSLTD₹2,513.60

Ethos Ltd.

· Consumer Goods

₹ CrorePeersTITAN EUREKAFORB CERA CENTURYPLY IFBIND CELLO CAMPUS INDIGOPNTSMcap ₹6,726 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	34.6	48.7	63.0	89.5	—
+ Finance Costs	2.1	16.0	19.3	26.6	—
+ Interest Income	0.0	-18.3	-21.8	-39.5	—
+ Fair Value (Gains) / Losses	0.0	-0.2	-0.3	-1.4	—
+ Unrealised FX (Gain) / Loss	-0.0	-0.5	-0.1	0.2	—
+ Other Non-cash Items	0.0	-4.8	-0.6	-2.7	—
+ Other — Cash Effects are Investing / Financing	0.0	-0.5	0.8	1.1	—
+ Other Reconciling Items	-1.8	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-89.9	-99.8	-153.0	-102.8	—
+ Trade Receivables — Current	-1.1	-9.6	-2.9	0.4	—
+ Other Financial Assets — Current	-9.5	-5.1	-7.3	-12.4	—
+ Other Current Assets	-14.3	7.7	-7.7	-39.8	—
+ Trade Payables — Current	14.1	0.9	-7.3	54.9	—
+ Other Financial Liabilities — Current	1.5	10.2	-5.7	4.1	—
+ Other Current Liabilities	1.5	2.2	5.8	14.0	—
+ Provisions — Current	0.9	1.1	0.4	4.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	80.2	110.6	131.9	135.4	149.0
+ Total Adjustments (incl. Working Capital)	-62.0	-52.0	-117.5	-3.9	—
Cash from Operations (pre-tax)	18.2	58.7	14.4	131.5	—
+ Income Taxes Paid	20.3	27.9	34.7	41.9	—
Cash from Operating Activities	-2.1	30.8	-20.3	89.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	56.6	39.4	79.3	71.3	—
+ Disp of Fixed Assets	1.1	7.9	6.0	1.0	—
+ Purchase of Investments (Equity / Debt)	1.1	0.0	0.0	0.0	—
+ Acq of Interests in Joint Ventures	0.0	19.4	4.7	0.0	—
+ Interest Received — Investing	7.5	11.9	23.1	21.0	—
+ Other Inflows / (Outflows) — Investing	-207.1	-83.7	101.6	-426.3	—
Cash from Investing Activities	-256.2	-122.8	46.6	-475.5	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	375.0	0.0	0.0	581.3	—
+ Proceeds from Other Equity Instruments	0.0	175.0	0.0	0.0	—
+ Proceeds from Borrowings	-20.6	0.3	0.0	0.0	—
+ Repayment of Borrowings	30.8	1.6	4.7	1.8	—
+ Payment of Lease Liabilities	35.6	28.1	33.9	45.1	—
+ Interest Paid	4.1	0.0	19.8	32.8	—
+ Dividends Paid	0.0	15.5	0.0	0.0	—
+ Other Inflows / (Outflows) — Financing	-35.3	-5.4	0.0	0.0	—
Cash from Financing Activities	248.6	124.7	-58.4	501.5	—
Net Changes in Cash (pre-FX)	-9.8	32.7	-32.1	115.6	—
Net Changes in Cash	-9.8	32.7	-32.1	115.6	—
Closing Cash	27.9	60.6	28.5	—	—
Reference Items
EBITDA	114.4	151.7	190.1	207.8	223.2
EBITDA Margin %	14.51	15.19	15.19	12.89	12.92
Free Cash Flow (CFO − Capex)	-58.8	-8.6	-99.6	18.3	18.3
Free Cash Flow to Equity	—	—	-82.3	-58.1	—
Free Cash Flow per Basic Share	-21.97	-3.23	-37.23	6.85	6.85
Price to Free Cash Flow	—	—	—	—	366.94
Cash Flow to Net Income	-0.04	0.37	-0.21	0.93	—
Cash Paid for Taxes	20.3	27.9	34.7	41.9	—
Cash Paid for Interest	4.1	—	19.8	32.8	—

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%.