Gulf Oil Lubricants India cash flow

Latest FY26

Cash from operations: ₹350cr−11.5% on FY25
Capital spending: ₹51.2cr−4.1% on FY25
Free cash flow: ₹298cr−12.7% on FY25
Cash from financing: −₹251cr−₹150 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.
	—	69.2	55.8	50.7	39.6
	—	57.1	32.1	26.5	37.6
	—	−93.0	−83.8	−64.9	−41.8
	—	0.0	0.0	0.0	−3.0
	—	0.0	0.0	0.0	5.5
	—	−0.7	3.8	0.2	−0.0
	—	19.0	9.2	8.7	2.9
	—	−4.6	−14.9	0.0	0.0
	—	0.0	0.0	−3.9	−1.5
	—	−87.1	−13.7	−11.5	4.6
	—	−44.9	−0.4	−86.6	−78.4
	—	−5.5	−7.6	−0.5	0.2
	—	5.8	−18.2	4.4	−6.0
	—	82.4	51.0	88.6	92.0
	—	−5.7	8.0	1.5	3.0
	—	1.4	20.6	18.2	−0.6
	—	21.7	−0.2	0.0	0.0
Cash from operating activities
	541	463	479	412	313
	—	14.9	41.7	31.3	54.1
	—	478	521	444	367
	—	128	126	102	93.4
	—	350	395	341	273
Cash from investing activities
	—	51.2	53.4	27.7	23.2
	—	0.3	13.1	0.9	0.3
	—	0.0	0.0	0.0	12.0
	—	0.0	0.0	0.0	0.0
	—	38.1	0.0	40.5	0.0
	—	1,955	2,015	0.0	0.0
	—	1,955	2,015	0.0	0.0
	—	93.0	83.9	64.3	41.3
	—	7.5	33.7	−47.6	24.0
	—	11.4	77.3	−50.6	30.4
Cash from financing activities
	—	3.3	5.2	5.3	0.2
	—	0.0	0.0	0.0	85.0
	—	73.2	90.5	0.7	0.0
	—	0.0	0.0	0.0	26.0
	—	54.0	17.4	15.9	11.7
	—	32.3	31.8	26.7	34.5
	—	241	196	201	24.8
	—	0.0	0.0	−0.0	−20.4
	—	−251	−150	−238	−202
	—	110	323	52.9	102
	—	110	323	52.9	102
	—	—	—	703	650
Reference items
	598	514	472	421	343
	12.4%	12.7%	13.0%	12.8%	11.4%
	298	298	342	314	250
	—	359	398	289	—
	₹60.42	₹60.42	₹69.21	₹63.51	₹50.64
	17.60×	—	—	—	—
	—	1.01×	1.11×	1.11×	1.18×
	—	128	126	102	93.4
	—	32.3	31.8	26.7	34.5

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

alphave

GULFOILLUB₹1,063.30

Gulf Oil Lubricants India Limited

· Energy & Power

₹ CrorePeersSOTL PANAMAPET VEEDOL GANDHARMcap ₹5,253 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	39.6	50.7	55.8	69.2	—
+ Finance Costs	37.6	26.5	32.1	57.1	—
+ Interest Income	-41.8	-64.9	-83.8	-93.0	—
+ Fair Value (Gains) / Losses	-3.0	0.0	0.0	0.0	—
+ Share-based Payments	5.5	0.0	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	-0.0	0.2	3.8	-0.7	—
+ Other Non-cash Items	2.9	8.7	9.2	19.0	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-14.9	-4.6	—
+ Other Reconciling Items	-1.5	-3.9	0.0	0.0	—
Changes in Working Capital
+ Inventories	4.6	-11.5	-13.7	-87.1	—
+ Trade Receivables — Current	-78.4	-86.6	-0.4	-44.9	—
+ Other Financial Assets — Current	0.2	-0.5	-7.6	-5.5	—
+ Other Current Assets	-6.0	4.4	-18.2	5.8	—
+ Trade Payables — Current	92.0	88.6	51.0	82.4	—
+ Other Financial Liabilities — Current	3.0	1.5	8.0	-5.7	—
+ Other Current Liabilities	-0.6	18.2	20.6	1.4	—
+ Provisions — Current	0.0	0.0	-0.2	21.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	312.7	412.5	479.3	463.2	540.9
+ Total Adjustments (incl. Working Capital)	54.1	31.3	41.7	14.9	—
Cash from Operations (pre-tax)	366.8	443.8	521.0	478.1	—
+ Income Taxes Paid	93.4	102.4	125.7	128.4	—
Cash from Operating Activities	273.3	341.4	395.3	349.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	23.2	27.7	53.4	51.2	—
+ Disp of Fixed Assets	0.3	0.9	13.1	0.3	—
+ Acq of Other Long-term Assets	12.0	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	40.5	0.0	38.1	—
+ Loans & Advances Made	0.0	0.0	2,015.0	1,955.0	—
+ Loans & Advances Repaid	0.0	0.0	2,015.0	1,955.0	—
+ Interest Received — Investing	41.3	64.3	83.9	93.0	—
+ Other Inflows / (Outflows) — Investing	24.0	-47.6	33.7	7.5	—
Cash from Investing Activities	30.4	-50.6	77.3	11.4	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.2	5.3	5.2	3.3	—
+ Buyback / Redemption of Own Shares	85.0	0.0	0.0	0.0	—
+ Proceeds from Borrowings	0.0	0.7	90.5	73.2	—
+ Repayment of Borrowings	26.0	0.0	0.0	0.0	—
+ Payment of Lease Liabilities	11.7	15.9	17.4	54.0	—
+ Interest Paid	34.5	26.7	31.8	32.3	—
+ Dividends Paid	24.8	201.4	196.1	241.5	—
+ Other Inflows / (Outflows) — Financing	-20.4	-0.0	0.0	0.0	—
Cash from Financing Activities	-202.1	-238.0	-149.8	-251.3	—
Net Changes in Cash (pre-FX)	101.6	52.9	322.8	109.8	—
Net Changes in Cash	101.6	52.9	322.8	109.8	—
Closing Cash	650.4	703.2	—	—	—
Reference Items
EBITDA	342.8	421.0	472.3	513.9	598.4
EBITDA Margin %	11.43	12.75	13.01	12.67	12.44
Free Cash Flow (CFO − Capex)	250.1	313.7	341.9	298.5	298.5
Free Cash Flow to Equity	—	288.6	398.5	359.0	—
Free Cash Flow per Basic Share	50.64	63.51	69.21	60.42	60.42
Price to Free Cash Flow	—	—	—	—	17.60
Cash Flow to Net Income	1.18	1.11	1.11	1.01	—
Cash Paid for Taxes	93.4	102.4	125.7	128.4	—
Cash Paid for Interest	34.5	26.7	31.8	32.3	—

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%.