Gulshan Polyols cash flow

Latest FY26

Cash from operations: ₹207cr+396.6% on FY25
Capital spending: ₹26.4cr−53.1% on FY25
Free cash flow: ₹181cr−₹14.5 cr in FY25
Cash from financing: −₹121cr₹13.0 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.
	—	45.2	37.4	32.4	28.7
	—	40.9	28.4	10.1	6.1
	—	−1.1	−1.6	−0.6	−0.7
	—	0.0	−0.0	−0.0	−0.0
	—	4.1	1.6	−2.1	0.0
	—	−0.2	−3.2	−9.5	−2.6
	—	67.0	−140	7.0	−49.5
	—	−21.4	−17.5	−25.3	−22.0
	—	6.8	16.1	−9.5	−10.1
	—	−59.1	96.5	28.4	48.1
	—	−3.9	−6.8	14.2	−26.0
	—	0.0	0.3	0.0	0.0
	—	−0.0	0.0	−0.1	0.6
Cash from operating activities
	199	145	34.6	27.7	60.4
	—	78.3	11.6	44.9	−27.4
	—	224	46.1	72.6	33.0
	—	16.2	4.4	6.3	17.4
	—	207	41.8	66.2	15.6
Cash from investing activities
	—	26.4	56.3	179	254
	—	0.0	0.0	0.0	0.0
	—	0.0	0.0	0.3	0.4
	—	35.0	0.0	0.0	0.0
	—	0.0	0.3	20.1	5.7
	—	0.0	0.0	0.0	0.0
	—	1.1	1.6	0.6	0.7
	—	−60.2	−54.3	−158	−247
Cash from financing activities
	—	0.0	0.0	0.0	0.0
	—	0.0	42.8	101	136
	—	79.1	0.0	0.0	0.0
	—	−0.0	−0.5	0.4	0.0
	—	—	—	0.0	0.4
	—	40.9	28.4	9.7	6.1
	—	1.9	1.9	3.1	5.2
	—	1.2	0.0	0.0	0.0
	—	−121	13.0	87.6	124
	—	26.6	0.5	−4.4	−108
	—	26.6	0.5	−4.4	−108
	—	—	—	0.7	−108
Reference items
	278	230	95.4	58.2	88.2
	11.8%	9.9%	4.7%	4.2%	7.5%
	181	181	−14.5	−113	−239
	—	61.1	−0.1	−21.8	—
	₹29.03	₹29.03	−₹2.32	−₹18.11	−₹38.26
	5.24×	—	—	—	—
	—	1.94×	1.69×	3.76×	0.34×
	—	16.2	4.4	6.3	17.4
	—	40.9	28.4	9.7	6.1

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

alphave

GULPOLY₹152.00

Gulshan Polyols Limited

· FMCG & Retail

₹ CrorePeersAVTNPL BSHSL CLSEL REGAAL GRMOVER AEROPLANE SANSTAR SUKHJITSMcap ₹948 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	28.7	32.4	37.4	45.2	—
+ Finance Costs	6.1	10.1	28.4	40.9	—
+ Interest Income	-0.7	-0.6	-1.6	-1.1	—
+ Dividend Income	-0.0	-0.0	-0.0	0.0	—
+ Fair Value (Gains) / Losses	0.0	-2.1	1.6	4.1	—
+ Other Reconciling Items	-2.6	-9.5	-3.2	-0.2	—
Changes in Working Capital
+ Inventories	-49.5	7.0	-139.5	67.0	—
+ Trade Receivables — Current	-22.0	-25.3	-17.5	-21.4	—
+ Other Current Assets	-10.1	-9.5	16.1	6.8	—
+ Trade Payables — Current	48.1	28.4	96.5	-59.1	—
+ Other Current Liabilities	-26.0	14.2	-6.8	-3.9	—
+ Provisions — Current	0.0	0.0	0.3	0.0	—
+ Provisions — Non-current	0.6	-0.1	0.0	-0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	60.4	27.7	34.6	145.4	198.9
+ Total Adjustments (incl. Working Capital)	-27.4	44.9	11.6	78.3	—
Cash from Operations (pre-tax)	33.0	72.6	46.1	223.7	—
+ Income Taxes Paid	17.4	6.3	4.4	16.2	—
Cash from Operating Activities	15.6	66.2	41.8	207.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	254.3	179.2	56.3	26.4	—
+ Acq of Intangible Assets	0.0	0.0	0.0	0.0	—
+ Disp of Fixed Assets	0.4	0.3	0.0	0.0	—
+ Acq of Investment Property	0.0	0.0	0.0	35.0	—
+ Disp of Investment Property	5.7	20.1	0.3	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	0.7	0.6	1.6	1.1	—
Cash from Investing Activities	-247.4	-158.3	-54.3	-60.2	—
Cash from Financing Activities
+ Buyback / Redemption of Own Shares	0.0	0.0	0.0	0.0	—
+ Proceeds from Borrowings	136.0	100.9	42.8	0.0	—
+ Repayment of Borrowings	0.0	0.0	0.0	79.1	—
+ Payment of Lease Liabilities	0.0	0.4	-0.5	-0.0	—
+ Payment of Finance Lease Liabilities	0.4	0.0	—	—	—
+ Interest Paid	6.1	9.7	28.4	40.9	—
+ Dividends Paid	5.2	3.1	1.9	1.9	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	1.2	—
Cash from Financing Activities	124.3	87.6	13.0	-120.6	—
Net Changes in Cash (pre-FX)	-107.5	-4.4	0.5	26.6	—
Net Changes in Cash	-107.5	-4.4	0.5	26.6	—
Closing Cash	-107.5	0.7	—	—	—
Reference Items
EBITDA	88.2	58.2	95.4	229.7	278.0
EBITDA Margin %	7.47	4.22	4.73	9.93	11.79
Free Cash Flow (CFO − Capex)	-238.7	-113.0	-14.5	181.1	181.1
Free Cash Flow to Equity	—	-21.8	-0.1	61.1	—
Free Cash Flow per Basic Share	-38.26	-18.11	-2.32	29.03	29.03
Price to Free Cash Flow	—	—	—	—	5.24
Cash Flow to Net Income	0.34	3.76	1.69	1.94	—
Cash Paid for Taxes	17.4	6.3	4.4	16.2	—
Cash Paid for Interest	6.1	9.7	28.4	40.9	—

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%.