Finolex Industries cash flow

Latest FY26

Cash from operations: ₹192cr−49.9% on FY25
Capital spending: ₹65.0cr−43.7% on FY25
Free cash flow: ₹127cr−52.6% on FY25
Cash from financing: −₹49.1cr−₹349 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.
	—	107	107	116	89.2
	—	20.6	29.6	36.5	27.2
	—	−49.7	−62.1	−56.8	−37.1
	—	17.7	−6.5	2.1	0.6
	—	26.5	−4.3	−12.2	4.2
	—	−57.0	−502	−61.2	−33.3
	—	−244	−54.4	−54.9	342
	—	16.9	78.4	−160	36.9
	—	1.7	4.9	0.8	−2.7
	—	−24.7	4.0	6.7	−0.6
	—	−45.6	53.3	2.1	−13.0
	—	−79.9	159	0.8	−174
	—	−69.5	−80.8	94.3	−29.3
	—	38.7	−49.7	18.3	−98.8
	—	14.6	−1.5	2.0	2.5
Cash from operating activities
	784	763	1,003	612	297
	—	−327	−325	−65.6	114
	—	436	678	547	412
	—	−59.2	−78.6	−33.1	−28.6
	—	−17.8	−17.8	−15.6	−13.3
	—	168	199	145	67.9
	—	192	383	353	302
Cash from investing activities
	—	65.0	116	86.4	169
	—	6.3	420	0.3	1.1
	—	19.6	19.4	16.7	13.8
	—	36.5	49.6	31.4	28.1
	—	−153	−365	−45.1	−162
	—	−156	8.3	−83.0	−288
Cash from financing activities
	—	201	−158	−146	248
	—	7.4	5.3	3.4	3.3
	—	19.9	31.2	0.0	0.0
	—	223	155	92.8	248
	—	0.0	0.0	−34.5	−25.2
	—	−49.1	−349	−277	−28.9
	—	−13.0	42.2	−6.4	−15.0
	—	−13.0	42.2	−6.4	−15.0
	—	—	44.4	2.2	8.6
Reference items
	692	679	476	585	293
	17.5%	16.5%	11.5%	13.6%	6.7%
	127	127	267	267	133
	—	323	75.1	—	—
	₹2.05	₹2.05	₹4.32	₹4.32	₹2.15
	69.29×	—	—	—	—
	—	0.32×	0.48×	0.75×	1.20×
	—	168	199	145	67.9
	—	19.9	31.2	—	—

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

alphave

FINPIPE₹142.06

Finolex Industries Ltd.

· Capital Goods & Defence

₹ CrorePeersSUPREMEIND ASTRAL GMMPFAUDLR EPL GREAVESCOT ELECTCAST GRWRHITECH DYNAMATECHMcap ₹8,784 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	89.2	116.0	106.7	106.8	—
+ Finance Costs	27.2	36.5	29.6	20.6	—
+ Fair Value (Gains) / Losses	-37.1	-56.8	-62.1	-49.7	—
+ Unrealised FX (Gain) / Loss	0.6	2.1	-6.5	17.7	—
+ Other Non-cash Items	4.2	-12.2	-4.3	26.5	—
+ Other — Cash Effects are Investing / Financing	-33.3	-61.2	-501.8	-57.0	—
Changes in Working Capital
+ Inventories	342.3	-54.9	-54.4	-243.5	—
+ Trade Receivables — Current	36.9	-160.1	78.4	16.9	—
+ Other Financial Assets — Current	-2.7	0.8	4.9	1.7	—
+ Other Financial Assets — Non-current	-0.6	6.7	4.0	-24.7	—
+ Other Current Assets	-13.0	2.1	53.3	-45.6	—
+ Trade Payables — Current	-173.7	0.8	158.7	-79.9	—
+ Other Financial Liabilities — Current	-29.3	94.3	-80.8	-69.5	—
+ Other Current Liabilities	-98.8	18.3	-49.7	38.7	—
+ Provisions — Current	2.5	2.0	-1.5	14.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	297.0	612.3	1,003.1	762.9	784.3
+ Total Adjustments (incl. Working Capital)	114.5	-65.6	-325.3	-326.6	—
Cash from Operations (pre-tax)	411.5	546.7	677.8	436.3	—
+ Interest Received — Operating	-28.6	-33.1	-78.6	-59.2	—
+ Dividends Received — Operating	-13.3	-15.6	-17.8	-17.8	—
+ Income Taxes Paid	67.9	144.8	198.7	167.7	—
Cash from Operating Activities	301.7	353.3	382.7	191.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	168.7	86.4	115.5	65.0	—
+ Disp of Fixed Assets	1.1	0.3	420.2	6.3	—
+ Dividends Received — Investing	13.8	16.7	19.4	19.6	—
+ Interest Received — Investing	28.1	31.4	49.6	36.5	—
+ Other Inflows / (Outflows) — Investing	-162.0	-45.1	-365.4	-153.0	—
Cash from Investing Activities	-287.7	-83.0	8.3	-155.7	—
Cash from Financing Activities
+ Proceeds from Borrowings	247.7	-146.0	-157.6	200.7	—
+ Payment of Lease Liabilities	3.3	3.4	5.3	7.4	—
+ Interest Paid	0.0	0.0	31.2	19.9	—
+ Dividends Paid	248.2	92.8	154.6	222.6	—
+ Other Inflows / (Outflows) — Financing	-25.2	-34.5	0.0	0.0	—
Cash from Financing Activities	-28.9	-276.7	-348.8	-49.1	—
Net Changes in Cash (pre-FX)	-15.0	-6.4	42.2	-13.0	—
Net Changes in Cash	-15.0	-6.4	42.2	-13.0	—
Closing Cash	8.6	2.2	44.4	—	—
Reference Items
EBITDA	292.5	584.9	475.8	678.9	691.8
EBITDA Margin %	6.65	13.55	11.49	16.50	17.50
Free Cash Flow (CFO − Capex)	133.0	267.0	267.2	126.8	126.8
Free Cash Flow to Equity	—	—	75.1	323.2	—
Free Cash Flow per Basic Share	2.15	4.32	4.32	2.05	2.05
Price to Free Cash Flow	—	—	—	—	69.29
Cash Flow to Net Income	1.20	0.75	0.48	0.32	—
Cash Paid for Taxes	67.9	144.8	198.7	167.7	—
Cash Paid for Interest	—	—	31.2	19.9	—

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%.