Excel Industries cash flow

Latest FY26

Cash from operations: ₹52.9cr−14.4% on FY25
Capital spending: ₹79.8cr+83.3% on FY25
Free cash flow: −₹26.9cr₹18.3 cr in FY25
Cash from financing: −₹27.0cr−₹16.1 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.
	—	36.9	34.1	31.4	31.4
	—	0.0	0.0	0.0	0.7
	—	2.5	2.4	1.9	2.2
	—	−13.8	−13.9	−12.2	−5.3
	—	−9.5	−9.3	−9.5	−2.9
	—	−0.5	4.1	−4.3	−0.9
	—	1.8	−0.3	0.1	−0.0
	—	0.0	0.0	−0.7	−0.4
	—	1.0	−8.6	−4.9	−0.7
	—	−35.4	12.3	25.1	33.8
	—	−44.6	−31.8	−27.9	43.9
	—	1.5	4.1	−21.0	−4.0
	—	−0.6	−6.8	0.6	0.4
	—	−11.1	1.4	−2.8	22.0
	—	0.2	−0.4	0.5	−0.2
	—	−1.4	0.6	−3.4	1.8
	—	31.8	−47.7	78.1	−73.7
	—	2.1	0.7	0.2	−1.0
	—	0.0	0.0	0.0	1.1
	—	10.7	5.3	0.2	0.7
	—	0.0	5.9	2.9	−0.1
	—	2.0	−2.1	0.1	−0.2
Cash from operating activities
	92.2	97.8	113	22.7	106
	—	−26.3	−49.9	55.7	49.3
	—	71.5	63.4	78.3	155
	—	18.6	1.6	6.0	29.7
	—	52.9	61.8	72.4	125
Cash from investing activities
	—	79.5	38.8	31.9	32.5
	—	−0.4	4.7	−0.0	0.2
	—	1.5	0.5	1.1	1.1
	—	0.0	0.0	0.5	0.0
	—	473	600	8.6	4.3
	—	500	584	3.4	2.8
	—	0.0	0.4	0.6	0.5
	—	0.0	1.5	0.0	0.0
	—	−1.0	0.0	0.0	0.0
	—	9.5	9.3	9.5	2.9
	—	14.8	9.2	4.0	3.4
	—	−0.0	−1.9	−27.7	−90.3
	—	−25.1	−41.3	−51.2	−118
Cash from financing activities
	—	0.0	0.1	0.0	0.0
	—	0.0	0.0	0.9	4.3
	—	7.3	6.8	0.0	0.6
	—	2.5	2.4	1.8	1.4
	—	17.3	6.9	14.2	28.2
	—	0.0	0.0	−0.0	−0.0
	—	−27.0	−16.1	−16.9	−34.6
	—	0.8	4.5	4.2	−26.7
	—	0.8	4.5	4.2	−26.7
	—	—	—	7.8	3.6
Reference items
	110	110	120	23.0	126
	10.2%	10.0%	12.2%	2.8%	11.6%
	−26.9	−26.9	18.3	40.4	92.7
	—	−29.4	16.0	37.7	—
	−₹21.44	−₹21.44	₹14.53	₹32.16	₹73.74
	—	0.70×	0.72×	4.25×	1.57×
	—	18.6	1.6	6.0	29.7
	—	2.5	2.4	1.8	1.4

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

alphave

EXCELINDUS₹856.90

Excel Industries Limited

· Chemicals

₹ CrorePeersPLATIND ANDHRSUGAR SHREEPUSHK SUMICHEM SPLPETRO INDOBORAX AMNPLST IGPLMcap ₹1,077 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	31.4	31.4	34.1	36.9	—
+ Impairment Loss / (Reversal)	0.7	0.0	0.0	0.0	—
+ Finance Costs	2.2	1.9	2.4	2.5	—
+ Interest Income	-5.3	-12.2	-13.9	-13.8	—
+ Dividend Income	-2.9	-9.5	-9.3	-9.5	—
+ Fair Value (Gains) / Losses	-0.9	-4.3	4.1	-0.5	—
+ Unrealised FX (Gain) / Loss	-0.0	0.1	-0.3	1.8	—
+ Undistributed Profits of Associates	-0.4	-0.7	0.0	0.0	—
+ Other Non-cash Items	-0.7	-4.9	-8.6	1.0	—
Changes in Working Capital
+ Inventories	33.8	25.1	12.3	-35.4	—
+ Trade Receivables — Current	43.9	-27.9	-31.8	-44.6	—
+ Other Financial Assets — Current	-4.0	-21.0	4.1	1.5	—
+ Other Financial Assets — Non-current	0.4	0.6	-6.8	-0.6	—
+ Other Current Assets	22.0	-2.8	1.4	-11.1	—
+ Other Non-current Assets	-0.2	0.5	-0.4	0.2	—
+ Other Bank Balances	1.8	-3.4	0.6	-1.4	—
+ Trade Payables — Current	-73.7	78.1	-47.7	31.8	—
+ Other Financial Liabilities — Current	-1.0	0.2	0.7	2.1	—
+ Other Financial Liabilities — Non-current	1.1	0.0	0.0	0.0	—
+ Other Current Liabilities	0.7	0.2	5.3	10.7	—
+ Provisions — Current	-0.1	2.9	5.9	0.0	—
+ Provisions — Non-current	-0.2	0.1	-2.1	2.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	105.8	22.7	113.4	97.8	92.2
+ Total Adjustments (incl. Working Capital)	49.3	55.7	-49.9	-26.3	—
Cash from Operations (pre-tax)	155.0	78.3	63.4	71.5	—
+ Income Taxes Paid	29.7	6.0	1.6	18.6	—
Cash from Operating Activities	125.3	72.4	61.8	52.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	32.5	31.9	38.8	79.5	—
+ Acq of Intangible Assets	0.2	-0.0	4.7	-0.4	—
+ Disp of Fixed Assets	1.1	1.1	0.5	1.5	—
+ Acq of Intangibles under Development	0.0	0.5	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	4.3	8.6	600.2	472.6	—
+ Sale of Investments (Equity / Debt)	2.8	3.4	584.4	499.9	—
+ Acq of Subsidiaries / Businesses (net)	0.5	0.6	0.4	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	1.5	0.0	—
+ Loans & Advances Made	0.0	0.0	0.0	-1.0	—
+ Dividends Received — Investing	2.9	9.5	9.3	9.5	—
+ Interest Received — Investing	3.4	4.0	9.2	14.8	—
+ Other Inflows / (Outflows) — Investing	-90.3	-27.7	-1.9	-0.0	—
Cash from Investing Activities	-117.5	-51.2	-41.3	-25.1	—
Cash from Financing Activities
+ Proceeds from Borrowings	0.0	0.0	0.1	0.0	—
+ Repayment of Borrowings	4.3	0.9	0.0	0.0	—
+ Payment of Lease Liabilities	0.6	0.0	6.8	7.3	—
+ Interest Paid	1.4	1.8	2.4	2.5	—
+ Dividends Paid	28.2	14.2	6.9	17.3	—
+ Other Inflows / (Outflows) — Financing	-0.0	-0.0	0.0	0.0	—
Cash from Financing Activities	-34.6	-16.9	-16.1	-27.0	—
Net Changes in Cash (pre-FX)	-26.7	4.2	4.5	0.8	—
Net Changes in Cash	-26.7	4.2	4.5	0.8	—
Closing Cash	3.6	7.8	—	—	—
Reference Items
EBITDA	126.4	23.0	119.6	109.8	110.0
EBITDA Margin %	11.60	2.78	12.22	10.04	10.20
Free Cash Flow (CFO − Capex)	92.7	40.4	18.3	-26.9	-26.9
Free Cash Flow to Equity	—	37.7	16.0	-29.4	—
Free Cash Flow per Basic Share	73.74	32.16	14.53	-21.44	-21.44
Cash Flow to Net Income	1.57	4.25	0.72	0.70	—
Cash Paid for Taxes	29.7	6.0	1.6	18.6	—
Cash Paid for Interest	1.4	1.8	2.4	2.5	—

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.

« ‹ › »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%.