H.G. Infra Engineering cash flow

Latest FY26

Cash from operations: ₹250cr−₹878 cr in FY25
Capital spending: ₹954cr−38.9% on FY25
Free cash flow: −₹704cr−₹2,438 cr in FY25
Cash from financing: ₹832cr−64.0% on 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.
	—	168	144	141	96.4
	—	469	265	217	154
	—	0.0	0.0	−14.1	−10.9
	—	0.0	0.0	0.0	0.2
	—	0.0	0.0	0.0	17.0
	—	0.0	0.0	1.5	0.0
	—	−37.8	−10.3	−17.4	0.0
	—	76.2	−155	−61.4	−51.8
	—	−147	1.1	47.3	−96.7
	—	−16.0	2.1	0.0	0.0
	—	169	−465	−595	−214
	—	−450	−694	−286	−543
	—	75.6	−43.3	−603	−391
	—	−62.3	−294	20.2	20.2
	—	−32.0	470	170	308
	—	426	3.2	0.0	0.0
	—	29.4	3.6	66.1	−1.9
	—	69.4	−20.4	29.1	86.8
	—	0.0	0.0	30.3	0.0
Cash from operating activities
	323	455	679	740	663
	—	736	−793	−853	−627
	—	1,191	−114	−114	36.1
	—	−15.2	−11.4	0.0	0.0
	—	−749	−536	0.0	0.0
	—	177	217	197	175
	—	250	−878	−311	−139
Cash from investing activities
	—	953	1,559	233	338
	—	0.7	1.9	0.9	1.1
	—	0.0	0.0	18.8	21.4
	—	0.0	23.5	0.0	0.0
	—	0.0	0.0	36.4	0.0
	—	0.0	0.0	0.0	9.0
	—	66.7	92.3	181	0.0
	—	4.6	4.1	2.8	−2.0
	—	3.9	1.5	2.5	−2.0
	—	13.6	11.4	14.1	10.9
	—	−199	−24.5	0.1	−62.5
	—	−1,074	−1,461	17.0	−378
Cash from financing activities
	—	400	0.0	−48.5	0.0
	—	1,893	2,824	841	950
	—	985	248	244	227
	—	8.3	9.8	4.1	2.5
	—	455	247	217	0.0
	—	13.0	9.8	8.1	6.5
	—	0.0	0.0	0.0	−153
	—	832	2,310	319	562
	—	8.2	−28.2	25.6	44.2
	—	8.2	−28.2	25.6	44.2
	—	95.3	87.1	119	93.5
Reference items
	1,056	1,012	1,058	1,062	895
	21.8%	19.3%	20.9%	19.7%	19.4%
	−704	−704	−2,438	−544	−478
	—	−317	−97.5	−1,164	—
	−₹108.08	−₹108.08	−₹374.14	−₹83.49	−₹73.37
	—	0.76×	−1.74×	−0.58×	−0.28×
	—	177	217	197	175
	—	455	247	217	—

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

alphave

HGINFRA₹387.30

H.G. Infra Engineering Ltd.

· Infrastructure

₹ CrorePeersKNRCON PNCINFRA HCC DBL POWERMECH ASHOKA AHLUCONT SWSOLARMcap ₹2,524 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	96.4	141.2	144.4	167.5	—
+ Finance Costs	153.8	216.9	264.7	468.6	—
+ Interest Income	-10.9	-14.1	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	0.2	0.0	0.0	0.0	—
+ Other Non-cash Items	17.0	0.0	0.0	0.0	—
+ Other — Cash Effects are Investing / Financing	0.0	1.5	0.0	0.0	—
+ Other Reconciling Items	0.0	-17.4	-10.3	-37.8	—
Changes in Working Capital
+ Inventories	-51.8	-61.4	-154.7	76.2	—
+ Trade Receivables — Current	-96.7	47.3	1.1	-146.7	—
+ Trade Receivables — Non-current	0.0	0.0	2.1	-16.0	—
+ Other Financial Assets — Current	-214.4	-594.8	-465.4	169.1	—
+ Other Financial Assets — Non-current	-543.0	-285.8	-694.0	-450.2	—
+ Other Current Assets	-391.2	-602.6	-43.3	75.6	—
+ Other Non-current Assets	20.2	20.2	-293.8	-62.3	—
+ Trade Payables — Current	308.1	170.4	469.7	-32.0	—
+ Trade Payables — Non-current	0.0	0.0	3.2	425.6	—
+ Other Financial Liabilities — Current	-1.9	66.1	3.6	29.4	—
+ Other Current Liabilities	86.8	29.1	-20.4	69.4	—
+ Provisions — Non-current	0.0	30.3	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	663.4	739.6	679.2	455.0	323.0
+ Total Adjustments (incl. Working Capital)	-627.3	-853.4	-793.1	736.5	—
Cash from Operations (pre-tax)	36.1	-113.8	-113.9	1,191.5	—
+ Interest Received — Operating	0.0	0.0	-11.4	-15.2	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	-535.7	-749.1	—
+ Income Taxes Paid	175.5	196.8	216.7	177.5	—
Cash from Operating Activities	-139.3	-310.7	-877.7	249.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	337.8	232.5	1,558.8	953.3	—
+ Acq of Intangible Assets	1.1	0.9	1.9	0.7	—
+ Disp of Fixed Assets	21.4	18.8	0.0	0.0	—
+ Disp of Investment Property	0.0	0.0	23.5	0.0	—
+ Disp of Other Long-term Assets	0.0	36.4	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	9.0	0.0	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	181.3	92.3	66.7	—
+ Loans & Advances Made	-2.0	2.8	4.1	4.6	—
+ Loans & Advances Repaid	-2.0	2.5	1.5	3.9	—
+ Interest Received — Investing	10.9	14.1	11.4	13.6	—
+ Other Inflows / (Outflows) — Investing	-62.5	0.1	-24.5	-199.2	—
Cash from Investing Activities	-378.0	17.0	-1,460.7	-1,073.7	—
Cash from Financing Activities
+ Proceeds from Debentures / Notes / Bonds	0.0	-48.5	0.0	400.0	—
+ Proceeds from Borrowings	950.4	840.7	2,824.0	1,893.4	—
+ Repayment of Borrowings	227.2	243.6	247.7	985.4	—
+ Payment of Lease Liabilities	2.5	4.1	9.8	8.3	—
+ Interest Paid	0.0	217.2	246.6	454.5	—
+ Dividends Paid	6.5	8.1	9.8	13.0	—
+ Other Inflows / (Outflows) — Financing	-152.7	0.0	0.0	0.0	—
Cash from Financing Activities	561.5	319.3	2,310.2	832.2	—
Net Changes in Cash (pre-FX)	44.2	25.6	-28.2	8.2	—
Net Changes in Cash	44.2	25.6	-28.2	8.2	—
Closing Cash	93.5	119.0	87.1	95.3	—
Reference Items
EBITDA	895.4	1,061.8	1,058.2	1,012.1	1,056.3
EBITDA Margin %	19.37	19.74	20.93	19.33	21.76
Free Cash Flow (CFO − Capex)	-478.2	-544.1	-2,438.3	-704.3	-704.3
Free Cash Flow to Equity	—	-1,163.6	-97.5	-316.8	—
Free Cash Flow per Basic Share	-73.37	-83.49	-374.14	-108.08	-108.08
Cash Flow to Net Income	-0.28	-0.58	-1.74	0.76	—
Cash Paid for Taxes	175.5	196.8	216.7	177.5	—
Cash Paid for Interest	—	217.2	246.6	454.5	—

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.

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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%.