Hikal cash flow

Latest FY26

Cash from operations: ₹302cr+7.7% on FY25
Capital spending: ₹148cr+7.9% on FY25
Free cash flow: ₹154cr+7.5% on FY25
Cash from financing: −₹160cr−₹144 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.
	—	164	134	118	109
	—	62.1	75.2	56.4	48.1
	—	−1.1	−0.7	−1.7	−2.0
	—	−8.8	1.4	−0.8	−0.1
	—	61.8	4.8	3.3	8.0
	—	−28.2	−32.4	11.0	8.2
	—	82.3	23.5	−110	−6.7
	—	0.0	0.0	57.3	20.9
	—	50.2	−35.0	0.0	0.0
	—	−39.5	25.2	−34.2	65.0
	—	52.1	−10.0	0.0	0.0
	—	0.0	0.0	22.4	−11.8
Cash from operating activities
	−57.8	−78.3	124	95.5	105
	—	395	186	122	239
	—	316	310	217	344
	—	14.4	29.8	30.3	28.8
	—	302	280	187	315
Cash from investing activities
	—	148	137	204	303
	—	0.1	0.9	0.2	0.6
	—	0.0	0.0	0.0	4.6
	—	0.4	0.4	0.4	11.6
	—	0.0	4.1	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	1.1	0.7	1.9	1.9
	—	1.2	2.9	27.9	0.9
	—	−145	−137	−174	−292
Cash from financing activities
	—	135	75.0	35.0	290
	—	216	129	−31.5	221
	—	0.7	0.3	0.0	0.0
	—	—	—	0.3	0.4
	—	65.8	75.0	78.4	64.5
	—	12.3	14.8	14.8	12.3
	—	−160	−144	−27.0	−7.7
	—	−3.4	0.3	−14.0	15.3
	—	−3.4	0.3	−14.0	15.3
	—	—	—	12.7	26.7
Reference items
	232	220	328	267	257
	13.4%	12.9%	17.7%	15.0%	12.7%
	154	154	143	−17.5	12.7
	—	6.9	15.7	−29.1	—
	₹12.46	₹12.46	₹11.59	−₹1.41	₹1.03
	16.22×	—	—	—	—
	—	−6.19×	3.09×	2.68×	4.02×
	—	14.4	29.8	30.3	28.8
	—	65.8	75.0	78.4	64.5

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

alphave

HIKAL₹202.10

Hikal Limited

· Pharma & Health

₹ CrorePeersPANACEABIO DCAL SAIPARENT INDOCO SOLARA WINDLAS INDSWFTLAB HESTERBIOMcap ₹2,496 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	109.0	117.6	134.4	163.8	—
+ Finance Costs	48.1	56.4	75.2	62.1	—
+ Interest Income	-2.0	-1.7	-0.7	-1.1	—
+ Unrealised FX (Gain) / Loss	-0.1	-0.8	1.4	-8.8	—
+ Other Non-cash Items	8.0	3.3	4.8	61.8	—
Changes in Working Capital
+ Inventories	8.2	11.0	-32.4	-28.2	—
+ Trade Receivables — Current	-6.7	-109.8	23.5	82.3	—
+ Other Financial Assets — Current	20.9	57.3	0.0	0.0	—
+ Other Current Assets	0.0	0.0	-35.0	50.2	—
+ Trade Payables — Current	65.0	-34.2	25.2	-39.5	—
+ Other Financial Liabilities — Current	0.0	0.0	-10.0	52.1	—
+ Other Current Liabilities	-11.8	22.4	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	105.4	95.5	123.8	-78.3	-57.8
+ Total Adjustments (incl. Working Capital)	238.7	121.6	186.4	394.7	—
Cash from Operations (pre-tax)	344.1	217.1	310.2	316.4	—
+ Income Taxes Paid	28.8	30.3	29.8	14.4	—
Cash from Operating Activities	315.3	186.7	280.4	302.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	302.6	204.2	137.3	148.1	—
+ Disp of Fixed Assets	0.6	0.2	0.9	0.1	—
+ Acq of Investment Property	4.6	0.0	0.0	0.0	—
+ Disp of Investment Property	11.6	0.4	0.4	0.4	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	4.1	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	1.9	1.9	0.7	1.1	—
+ Other Inflows / (Outflows) — Investing	0.9	27.9	2.9	1.2	—
Cash from Investing Activities	-292.3	-173.7	-136.5	-145.3	—
Cash from Financing Activities
+ Proceeds from Borrowings	290.0	35.0	75.0	135.0	—
+ Repayment of Borrowings	220.5	-31.5	128.5	216.3	—
+ Payment of Lease Liabilities	0.0	0.0	0.3	0.7	—
+ Payment of Finance Lease Liabilities	0.4	0.3	—	—	—
+ Interest Paid	64.5	78.4	75.0	65.8	—
+ Dividends Paid	12.3	14.8	14.8	12.3	—
Cash from Financing Activities	-7.7	-27.0	-143.6	-160.1	—
Net Changes in Cash (pre-FX)	15.3	-14.0	0.3	-3.4	—
Net Changes in Cash	15.3	-14.0	0.3	-3.4	—
Closing Cash	26.7	12.7	—	—	—
Reference Items
EBITDA	257.1	267.0	328.4	220.4	232.3
EBITDA Margin %	12.71	14.96	17.66	12.87	13.39
Free Cash Flow (CFO − Capex)	12.7	-17.5	143.1	153.9	153.9
Free Cash Flow to Equity	—	-29.1	15.7	6.9	—
Free Cash Flow per Basic Share	1.03	-1.41	11.59	12.46	12.46
Price to Free Cash Flow	—	—	—	—	16.22
Cash Flow to Net Income	4.02	2.68	3.09	-6.19	—
Cash Paid for Taxes	28.8	30.3	29.8	14.4	—
Cash Paid for Interest	64.5	78.4	75.0	65.8	—

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%.