Garware Hi-Tech Films cash flow

Latest FY26

Cash from operations: ₹275cr−16.5% on FY25
Capital spending: ₹161cr+175.4% on FY25
Free cash flow: ₹114cr−58.0% on FY25
Cash from financing: −₹59.6cr−₹52.1 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.
	—	45.1	41.2	39.0	32.4
	—	8.2	8.8	11.8	17.0
	—	−2.6	−2.4	−2.1	−1.9
	—	−1.3	−0.1	−0.1	−0.2
	—	−34.9	−33.1	−19.4	−8.8
	—	−6.2	2.3	−0.9	0.2
	—	−0.1	2.4	0.4	0.2
	—	0.0	0.0	0.1	−6.3
	—	−79.9	−19.6	−90.9	11.5
	—	−4.3	−5.9	−6.0	1.8
	—	0.5	−0.6	0.7	−0.2
	—	0.1	−0.2	−5.9	−1.3
	—	−32.2	1.0	−13.6	10.0
	—	−2.2	−21.9	2.0	16.4
	—	32.6	−11.5	56.9	−6.2
	—	−1.7	21.6	1.6	−6.4
	—	−4.2	15.9	−7.0	−9.8
	—	−1.3	−3.8	−1.7	−4.2
	—	−2.7	1.0	1.0	0.5
Cash from operating activities
	565	446	445	270	220
	—	−87.0	−5.0	−34.1	44.9
	—	359	440	236	265
	—	83.9	111	64.0	46.8
	—	275	330	172	218
Cash from investing activities
	—	161	58.6	16.8	70.5
	—	0.0	4.4	0.9	4.1
	—	−50.6	−223	60.7	−105
	—	1.3	0.1	0.1	0.2
	—	2.6	2.4	2.1	1.9
	—	−208	−275	46.9	−170
Cash from financing activities
	—	0.0	0.0	6.3	24.5
	—	0.0	0.0	142	65.4
	—	5.8	16.1	0.0	0.0
	—	—	—	7.7	7.2
	—	8.2	8.8	11.8	17.0
	—	27.9	23.2	23.2	23.2
	—	−17.7	−3.9	9.4	−1.0
	—	−59.6	−52.1	−169	−89.4
	—	7.6	3.2	49.7	−40.9
	—	8.4	−1.0	−1.4	1.6
	—	16.0	2.2	48.3	−39.3
	—	—	111	108	60.0
Reference items
	547	435	441	282	227
	23.0%	20.5%	20.9%	16.8%	15.8%
	114	114	271	155	148
	—	106	262	2.7	—
	₹49.04	₹49.04	₹116.71	₹66.84	₹63.50
	143.10×	—	—	—	—
	—	0.81×	1.00×	0.85×	1.31×
	—	83.9	111	64.0	46.8
	—	8.2	8.8	11.8	17.0

Open the chart

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

alphave

GRWRHITECH₹7,017.50

Garware Hi-Tech Films Ltd.

· Capital Goods & Defence

₹ CrorePeersGREAVESCOT GMMPFAUDLR FINPIPE EPL INOXINDIA ELECTCAST JAYNECOIND DYNAMATECHMcap ₹16,302 Cr

View

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	32.4	39.0	41.2	45.1	—
+ Finance Costs	17.0	11.8	8.8	8.2	—
+ Interest Income	-1.9	-2.1	-2.4	-2.6	—
+ Dividend Income	-0.2	-0.1	-0.1	-1.3	—
+ Fair Value (Gains) / Losses	-8.8	-19.4	-33.1	-34.9	—
+ Unrealised FX (Gain) / Loss	0.2	-0.9	2.3	-6.2	—
+ Other Non-cash Items	0.2	0.4	2.4	-0.1	—
+ Other — Cash Effects are Investing / Financing	-6.3	0.1	0.0	0.0	—
Changes in Working Capital
+ Inventories	11.5	-90.9	-19.6	-79.9	—
+ Trade Receivables — Current	1.8	-6.0	-5.9	-4.3	—
+ Other Financial Assets — Current	-0.2	0.7	-0.6	0.5	—
+ Other Financial Assets — Non-current	-1.3	-5.9	-0.2	0.1	—
+ Other Current Assets	10.0	-13.6	1.0	-32.2	—
+ Other Non-current Assets	16.4	2.0	-21.9	-2.2	—
+ Trade Payables — Current	-6.2	56.9	-11.5	32.6	—
+ Other Financial Liabilities — Current	-6.4	1.6	21.6	-1.7	—
+ Other Current Liabilities	-9.8	-7.0	15.9	-4.2	—
+ Provisions — Current	-4.2	-1.7	-3.8	-1.3	—
+ Provisions — Non-current	0.5	1.0	1.0	-2.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	220.0	270.3	445.5	446.2	565.0
+ Total Adjustments (incl. Working Capital)	44.9	-34.1	-5.0	-87.0	—
Cash from Operations (pre-tax)	264.8	236.1	440.5	359.3	—
+ Income Taxes Paid	46.8	64.0	110.8	83.9	—
Cash from Operating Activities	218.0	172.1	329.7	275.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	70.5	16.8	58.6	161.4	—
+ Disp of Fixed Assets	4.1	0.9	4.4	0.0	—
+ Sale of Investments (Equity / Debt)	-105.2	60.7	-222.8	-50.6	—
+ Dividends Received — Investing	0.2	0.1	0.1	1.3	—
+ Interest Received — Investing	1.9	2.1	2.4	2.6	—
Cash from Investing Activities	-169.5	46.9	-274.5	-208.2	—
Cash from Financing Activities
+ Proceeds from Borrowings	24.5	6.3	0.0	0.0	—
+ Repayment of Borrowings	65.4	142.4	0.0	0.0	—
+ Payment of Lease Liabilities	0.0	0.0	16.1	5.8	—
+ Payment of Finance Lease Liabilities	7.2	7.7	—	—	—
+ Interest Paid	17.0	11.8	8.8	8.2	—
+ Dividends Paid	23.2	23.2	23.2	27.9	—
+ Other Inflows / (Outflows) — Financing	-1.0	9.4	-3.9	-17.7	—
Cash from Financing Activities	-89.4	-169.4	-52.1	-59.6	—
Net Changes in Cash (pre-FX)	-40.9	49.7	3.2	7.6	—
+ Effect of FX Rate Changes on Cash	1.6	-1.4	-1.0	8.4	—
Net Changes in Cash	-39.3	48.3	2.2	16.0	—
Closing Cash	60.0	108.3	110.5	—	—
Reference Items
EBITDA	227.2	282.0	441.1	434.7	547.2
EBITDA Margin %	15.80	16.81	20.91	20.50	22.95
Free Cash Flow (CFO − Capex)	147.5	155.3	271.1	113.9	113.9
Free Cash Flow to Equity	—	2.7	262.3	105.7	—
Free Cash Flow per Basic Share	63.50	66.84	116.71	49.04	49.04
Price to Free Cash Flow	—	—	—	—	143.10
Cash Flow to Net Income	1.31	0.85	1.00	0.81	—
Cash Paid for Taxes	46.8	64.0	110.8	83.9	—
Cash Paid for Interest	17.0	11.8	8.8	8.2	—

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%.