GHCL cash flow

Latest FY26

Cash from operations: ₹681cr+6.8% on FY25
Capital spending: ₹264cr−16.3% on FY25
Free cash flow: ₹417cr+29.3% on FY25
Cash from financing: −₹451cr−₹230 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.
	—	111	112	102	134
	—	8.5	15.8	23.9	46.5
	—	−18.9	−32.9	−14.6	−2.0
	—	−0.3	−0.2	−0.2	−0.1
	—	−46.4	−43.0	0.0	−16.8
	—	−0.2	0.0	1.2	13.3
	—	−3.1	2.2	−3.7	2.3
	—	−7.2	−8.7	0.0	0.0
	—	1.8	0.0	−274	48.7
	—	28.9	25.4	121	−181
	—	35.6	0.0	38.7	8.8
	—	0.0	−30.1	0.0	−44.9
	—	0.2	0.5	10.7	−10.0
	—	0.2	−0.2	−0.3	−7.5
	—	−1.6	6.5	−3.7	36.4
	—	−0.2	0.2	−2.9	−72.6
	—	111	−27.9	−22.8	−54.2
	—	−6.1	4.4	−0.5	−0.0
	—	−13.2	−3.1	22.3	−8.5
	—	1.8	0.7	0.6	−0.6
	—	−0.7	3.9	0.5	−0.2
	—	0.0	0.0	0.0	8.0
Cash from operating activities
	711	649	838	991	1,443
	—	201	25.0	−1.7	−100
	—	850	863	989	1,342
	—	169	225	192	443
	—	681	638	797	899
Cash from investing activities
	—	264	315	107	358
	—	0.1	13.0	0.0	7.6
	—	1,700	1,955	2,446	3,695
	—	1,352	1,771	2,436	3,347
	—	0.0	343	0.0	0.0
	—	0.0	440	0.0	262
	—	0.3	0.2	0.2	0.1
	—	23.7	31.7	10.7	2.0
	—	303	0.0	−429	0.0
	—	−284	−358	−534	−433
Cash from financing activities
	—	12.0	1.1	5.2	3.5
	—	302	0.0	0.0	0.0
	—	35.3	99.4	151	342
	—	1.4	1.6	0.0	2.7
	—	—	—	1.6	0.0
	—	7.5	14.2	22.2	44.7
	—	115	114	166	143
	—	−2.0	−1.8	−1.4	−6.2
	—	−451	−230	−338	−535
	—	−54.2	49.7	−74.8	−69.7
	—	−54.2	49.7	−74.8	−69.7
	—	44.1	98.3	48.6	161
Reference items
	700	689	876	848	1,481
	23.0%	22.5%	27.5%	24.6%	32.6%
	417	417	323	690	541
	—	374	209	517	—
	₹45.39	₹45.39	₹35.11	₹75.10	₹58.89
	8.52×	—	—	—	—
	—	1.42×	1.02×	1.00×	0.80×
	—	169	225	192	443
	—	7.5	14.2	22.2	44.7

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

alphave

GHCL₹386.50

GHCL Ltd.

· Chemicals

₹ CrorePeersTATACHEM GNFC GSFC ELLEN TECILCHEM BALAMINES LXCHEM ALKYLAMINEMcap ₹3,553 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	134.3	102.1	111.5	110.8	—
+ Finance Costs	46.5	23.9	15.8	8.5	—
+ Interest Income	-2.0	-14.6	-32.9	-18.9	—
+ Dividend Income	-0.1	-0.2	-0.2	-0.3	—
+ Fair Value (Gains) / Losses	-16.8	0.0	-43.0	-46.4	—
+ Share-based Payments	13.3	1.2	0.0	-0.2	—
+ Unrealised FX (Gain) / Loss	2.3	-3.7	2.2	-3.1	—
+ Other Non-cash Items	0.0	0.0	-8.7	-7.2	—
+ Other Reconciling Items	48.7	-274.4	0.0	1.8	—
Changes in Working Capital
+ Inventories	-181.2	121.3	25.4	28.9	—
+ Trade Receivables — Current	8.8	38.7	0.0	35.6	—
+ Trade Receivables — Non-current	-44.9	0.0	-30.1	0.0	—
+ Other Financial Assets — Current	-10.0	10.7	0.5	0.2	—
+ Other Financial Assets — Non-current	-7.5	-0.3	-0.2	0.2	—
+ Other Current Assets	36.4	-3.7	6.5	-1.6	—
+ Other Non-current Assets	-72.6	-2.9	0.2	-0.2	—
+ Trade Payables — Current	-54.2	-22.8	-27.9	110.8	—
+ Other Financial Liabilities — Current	-0.0	-0.5	4.4	-6.1	—
+ Other Current Liabilities	-8.5	22.3	-3.1	-13.2	—
+ Other Non-current Liabilities	-0.6	0.6	0.7	1.8	—
+ Provisions — Current	-0.2	0.5	3.9	-0.7	—
+ Provisions — Non-current	8.0	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,442.6	991.1	838.2	648.7	711.0
+ Total Adjustments (incl. Working Capital)	-100.4	-1.7	25.0	201.0	—
Cash from Operations (pre-tax)	1,342.2	989.4	863.2	849.7	—
+ Income Taxes Paid	443.2	192.4	225.5	168.8	—
Cash from Operating Activities	898.9	797.0	637.7	680.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	357.6	106.5	314.9	263.7	—
+ Disp of Fixed Assets	7.6	0.0	13.0	0.1	—
+ Acq of Investment Property	3,695.2	2,446.0	1,955.4	1,699.7	—
+ Disp of Investment Property	3,347.3	2,436.4	1,770.5	1,352.1	—
+ Acq of Other Long-term Assets	0.0	0.0	342.5	0.0	—
+ Disp of Other Long-term Assets	262.3	0.0	439.7	0.0	—
+ Dividends Received — Investing	0.1	0.2	0.2	0.3	—
+ Interest Received — Investing	2.0	10.7	31.7	23.7	—
+ Other Inflows / (Outflows) — Investing	0.0	-428.8	0.0	303.2	—
Cash from Investing Activities	-433.5	-534.0	-357.7	-284.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	3.5	5.2	1.1	12.0	—
+ Buyback / Redemption of Own Shares	0.0	0.0	0.0	302.2	—
+ Repayment of Borrowings	342.4	151.2	99.4	35.3	—
+ Payment of Lease Liabilities	2.7	0.0	1.6	1.4	—
+ Payment of Finance Lease Liabilities	0.0	1.6	—	—	—
+ Interest Paid	44.7	22.2	14.2	7.5	—
+ Dividends Paid	142.7	166.5	114.4	114.7	—
+ Other Inflows / (Outflows) — Financing	-6.2	-1.4	-1.8	-2.0	—
Cash from Financing Activities	-535.1	-337.7	-230.3	-451.2	—
Net Changes in Cash (pre-FX)	-69.7	-74.8	49.7	-54.2	—
Net Changes in Cash	-69.7	-74.8	49.7	-54.2	—
Closing Cash	160.6	48.6	98.3	44.1	—
Reference Items
EBITDA	1,481.4	847.5	876.1	688.8	700.4
EBITDA Margin %	32.59	24.59	27.52	22.48	23.02
Free Cash Flow (CFO − Capex)	541.4	690.4	322.8	417.3	417.3
Free Cash Flow to Equity	—	517.5	209.4	374.4	—
Free Cash Flow per Basic Share	58.89	75.10	35.11	45.39	45.39
Price to Free Cash Flow	—	—	—	—	8.52
Cash Flow to Net Income	0.80	1.00	1.02	1.42	—
Cash Paid for Taxes	443.2	192.4	225.5	168.8	—
Cash Paid for Interest	44.7	22.2	14.2	7.5	—

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 · StandaloneFA 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%.