Grindwell Norton cash flow

Latest FY26

Cash from operations: ₹542cr+18.2% on FY25
Capital spending: ₹119cr+26.4% on FY25
Free cash flow: ₹423cr+16.1% on FY25
Cash from financing: −₹215cr−₹224 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.
	—	105	92.6	70.9	60.1
	—	8.2	9.3	7.8	7.8
	—	−16.0	−14.4	−15.1	−9.2
	—	0.0	0.0	−9.4	−6.3
	—	−4.3	−5.2	0.0	−20.7
	—	3.5	2.1	1.6	1.4
	—	−1.9	0.4	0.2	−0.6
	—	1.6	1.1	−28.6	0.0
	—	−40.0	−32.4	0.0	0.0
	—	0.8	2.8	0.0	3.5
	—	8.4	−2.3	−23.7	−16.3
	—	−36.1	−7.2	−77.3	−43.6
	—	−4.6	−15.3	0.0	−1.8
	—	0.0	0.0	−10.2	0.0
	—	−4.7	3.7	5.0	19.1
	—	−0.5	−0.7	−0.1	0.5
	—	92.0	62.0	82.5	−28.1
	—	8.1	0.9	−9.0	9.6
	—	12.5	3.7	−6.3	10.7
	—	−0.4	3.9	−0.1	−0.1
	—	5.6	−11.6	8.5	5.1
Cash from operating activities
	617	555	491	509	488
	—	137	93.6	−3.4	−8.9
	—	692	585	505	479
	—	−11.8	−11.8	0.0	0.0
	—	138	114	137	123
	—	542	458	368	356
Cash from investing activities
	—	119	94.1	172	164
	—	1.0	1.8	3.4	0.8
	—	0.0	0.0	15.0	0.0
	—	0.0	0.0	8.1	0.0
	—	0.0	0.0	0.0	121
	—	11.8	11.8	9.4	6.3
	—	16.4	14.6	11.8	8.6
	—	−226	−147	−27.0	46.3
	—	−315	−213	−182	−223
Cash from financing activities
	—	0.0	1.7	8.0	11.8
	—	1.9	10.1	5.6	5.0
	—	16.7	15.3	9.0	6.3
	—	—	—	4.7	0.0
	—	8.2	9.3	3.1	7.8
	—	188	188	161	133
	—	0.0	−2.3	−1.9	8.6
	—	−215	−224	−177	−132
	—	11.8	22.2	9.5	1.2
	—	11.8	22.2	9.5	1.2
	—	—	—	49.1	39.6
Reference items
	627	574	513	519	500
	19.1%	18.7%	18.3%	19.3%	19.7%
	423	423	364	196	192
	—	468	344	193	—
	₹38.23	₹38.23	₹32.91	₹17.66	₹17.34
	51.15×	—	—	—	—
	—	1.30×	1.23×	0.96×	0.98×
	—	138	114	137	123
	—	8.2	9.3	3.1	7.8

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

alphave

GRINDWELL₹1,955.20

Grindwell Norton Limited

· Capital Goods & Defence

₹ CrorePeersWENDT NIBLMcap ₹21,648 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 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	60.1	70.9	92.6	105.1	—
+ Finance Costs	7.8	7.8	9.3	8.2	—
+ Interest Income	-9.2	-15.1	-14.4	-16.0	—
+ Dividend Income	-6.3	-9.4	0.0	0.0	—
+ Fair Value (Gains) / Losses	-20.7	0.0	-5.2	-4.3	—
+ Share-based Payments	1.4	1.6	2.1	3.5	—
+ Unrealised FX (Gain) / Loss	-0.6	0.2	0.4	-1.9	—
+ Other Non-cash Items	0.0	-28.6	1.1	1.6	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-32.4	-40.0	—
+ Other Reconciling Items	3.5	0.0	2.8	0.8	—
Changes in Working Capital
+ Inventories	-16.3	-23.7	-2.3	8.4	—
+ Trade Receivables — Current	-43.6	-77.3	-7.2	-36.1	—
+ Other Financial Assets — Current	-1.8	0.0	-15.3	-4.6	—
+ Other Financial Assets — Non-current	0.0	-10.2	0.0	0.0	—
+ Other Current Assets	19.1	5.0	3.7	-4.7	—
+ Other Non-current Assets	0.5	-0.1	-0.7	-0.5	—
+ Trade Payables — Current	-28.1	82.5	62.0	92.0	—
+ Other Financial Liabilities — Current	9.6	-9.0	0.9	8.1	—
+ Other Current Liabilities	10.7	-6.3	3.7	12.5	—
+ Other Non-current Liabilities	-0.1	-0.1	3.9	-0.4	—
+ Provisions — Current	5.1	8.5	-11.6	5.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	487.8	508.8	491.0	555.3	617.2
+ Total Adjustments (incl. Working Capital)	-8.9	-3.4	93.6	137.0	—
Cash from Operations (pre-tax)	478.9	505.4	584.6	692.3	—
+ Dividends Received — Operating	0.0	0.0	-11.8	-11.8	—
+ Income Taxes Paid	123.2	137.4	114.4	138.4	—
Cash from Operating Activities	355.7	367.9	458.5	542.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	163.7	172.4	94.1	118.9	—
+ Disp of Fixed Assets	0.8	3.4	1.8	1.0	—
+ Acq of Interests in Joint Ventures	0.0	15.0	0.0	0.0	—
+ Disp of Interests in Joint Ventures	0.0	8.1	0.0	0.0	—
+ Investment in Partnership Firms / LLPs	121.1	0.0	0.0	0.0	—
+ Dividends Received — Investing	6.3	9.4	11.8	11.8	—
+ Interest Received — Investing	8.6	11.8	14.6	16.4	—
+ Other Inflows / (Outflows) — Investing	46.3	-27.0	-146.8	-225.6	—
Cash from Investing Activities	-222.9	-181.7	-212.7	-315.4	—
Cash from Financing Activities
+ Proceeds from Borrowings	11.8	8.0	1.7	0.0	—
+ Repayment of Borrowings	5.0	5.6	10.1	1.9	—
+ Payment of Lease Liabilities	6.3	9.0	15.3	16.7	—
+ Payment of Finance Lease Liabilities	0.0	4.7	—	—	—
+ Interest Paid	7.8	3.1	9.3	8.2	—
+ Dividends Paid	132.9	160.5	188.2	188.2	—
+ Other Inflows / (Outflows) — Financing	8.6	-1.9	-2.3	0.0	—
Cash from Financing Activities	-131.6	-176.8	-223.6	-215.0	—
Net Changes in Cash (pre-FX)	1.2	9.5	22.2	11.8	—
Net Changes in Cash	1.2	9.5	22.2	11.8	—
Closing Cash	39.6	49.1	—	—	—
Reference Items
EBITDA	499.6	519.4	513.1	573.7	626.6
EBITDA Margin %	19.66	19.33	18.25	18.67	19.09
Free Cash Flow (CFO − Capex)	192.0	195.6	364.4	423.2	423.2
Free Cash Flow to Equity	—	193.0	344.4	468.5	—
Free Cash Flow per Basic Share	17.34	17.66	32.91	38.23	38.23
Price to Free Cash Flow	—	—	—	—	51.15
Cash Flow to Net Income	0.98	0.96	1.23	1.30	—
Cash Paid for Taxes	123.2	137.4	114.4	138.4	—
Cash Paid for Interest	7.8	3.1	9.3	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%.