HeidelbergCement India cash flow

Latest FY26

Cash from operations: ₹198cr−25.2% on FY25
Capital spending: ₹52.4cr−52.1% on FY25
Free cash flow: ₹146cr−6.2% on FY25
Cash from financing: −₹244cr−₹271 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.
	—	109	110	110	112
	—	17.1	27.4	31.8	43.3
	—	−26.4	−34.6	−40.0	−28.7
	—	0.0	−7.1	0.0	0.0
	—	2.0	0.0	0.6	1.4
	—	−0.6	−1.5	−14.1	−15.9
	—	11.9	4.7	−0.5	−2.2
	—	−2.5	−2.2	−23.9	8.9
	—	−32.1	39.1	71.4	24.2
	—	−12.1	30.2	45.3	−0.3
	—	7.5	0.0	0.0	0.0
	—	0.0	2.0	5.6	−8.6
Cash from operating activities
	149	184	146	227	136
	—	74.0	168	186	134
	—	258	314	413	270
	—	59.7	48.9	63.1	43.9
	—	198	265	350	226
Cash from investing activities
	—	52.4	109	73.5	27.6
	—	0.5	9.7	0.6	0.1
	—	0.0	6.4	9.3	0.0
	—	0.0	0.0	0.0	150
	—	27.1	36.1	37.3	27.7
	—	−316	−2.6	−3.0	−5.9
	—	−341	−72.5	−47.9	144
Cash from financing activities
	—	68.7	69.4	63.0	33.6
	—	4.1	4.2	4.2	4.2
	—	12.3	17.1	16.8	25.5
	—	159	181	158	203
	—	−244	−271	−242	−267
	—	−386	−79.2	59.9	104
	—	−386	−79.2	59.9	104
	—	—	—	533	473
Reference items
	256	287	239	317	249
	10.6%	12.3%	11.1%	13.4%	11.1%
	146	146	155	276	199
	—	68.5	78.0	211	—
	₹6.43	₹6.43	₹6.85	₹12.18	₹8.76
	19.28×	—	—	—	—
	—	1.48×	2.48×	2.08×	2.28×
	—	59.7	48.9	63.1	43.9
	—	12.3	17.1	16.8	25.5

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

alphave

HEIDELBERG₹123.94

HeidelbergCement India Limited

· Infrastructure

₹ CrorePeersMANGLMCEM KCP SAGCEM SHREDIGCEM NCLIND DECCANCE VISAKAIND SAURASHCEMMcap ₹2,809 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	112.3	109.7	109.8	109.0	—
+ Finance Costs	43.3	31.8	27.4	17.1	—
+ Interest Income	-28.7	-40.0	-34.6	-26.4	—
+ Fair Value (Gains) / Losses	0.0	0.0	-7.1	0.0	—
+ Unrealised FX (Gain) / Loss	1.4	0.6	0.0	2.0	—
+ Other Non-cash Items	-15.9	-14.1	-1.5	-0.6	—
Changes in Working Capital
+ Inventories	-2.2	-0.5	4.7	11.9	—
+ Trade Receivables — Current	8.9	-23.9	-2.2	-2.5	—
+ Other Current Assets	24.2	71.4	39.1	-32.1	—
+ Trade Payables — Current	-0.3	45.3	30.2	-12.1	—
+ Other Current Liabilities	0.0	0.0	0.0	7.5	—
+ Provisions — Current	-8.6	5.6	2.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	135.8	226.8	145.8	183.8	149.3
+ Total Adjustments (incl. Working Capital)	134.3	185.8	167.8	74.0	—
Cash from Operations (pre-tax)	270.0	412.6	313.6	257.7	—
+ Income Taxes Paid	43.9	63.1	48.9	59.7	—
Cash from Operating Activities	226.1	349.5	264.7	198.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	27.6	73.5	109.4	52.4	—
+ Disp of Fixed Assets	0.1	0.6	9.7	0.5	—
+ Acq of Investment Property	0.0	9.3	6.4	0.0	—
+ Loans & Advances Repaid	150.0	0.0	0.0	0.0	—
+ Interest Received — Investing	27.7	37.3	36.1	27.1	—
+ Other Inflows / (Outflows) — Investing	-5.9	-3.0	-2.6	-315.8	—
Cash from Investing Activities	144.4	-47.9	-72.5	-340.6	—
Cash from Financing Activities
+ Repayment of Borrowings	33.6	63.0	69.4	68.7	—
+ Payment of Lease Liabilities	4.2	4.2	4.2	4.1	—
+ Interest Paid	25.5	16.8	17.1	12.3	—
+ Dividends Paid	203.3	157.8	180.6	158.6	—
Cash from Financing Activities	-266.5	-241.8	-271.3	-243.6	—
Net Changes in Cash (pre-FX)	104.0	59.9	-79.2	-386.1	—
Net Changes in Cash	104.0	59.9	-79.2	-386.1	—
Closing Cash	472.9	532.8	—	—	—
Reference Items
EBITDA	248.9	316.7	239.4	286.9	255.8
EBITDA Margin %	11.12	13.39	11.14	12.32	10.59
Free Cash Flow (CFO − Capex)	198.5	276.0	155.3	145.7	145.7
Free Cash Flow to Equity	—	210.5	78.0	68.5	—
Free Cash Flow per Basic Share	8.76	12.18	6.85	6.43	6.43
Price to Free Cash Flow	—	—	—	—	19.28
Cash Flow to Net Income	2.28	2.08	2.48	1.48	—
Cash Paid for Taxes	43.9	63.1	48.9	59.7	—
Cash Paid for Interest	25.5	16.8	17.1	12.3	—

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.

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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%.