Himadri Speciality Chemical cash flow

Latest FY26

Cash from operations: ₹382cr−14.5% on FY25
Capital spending: ₹450cr+163.2% on FY25
Free cash flow: −₹67.7cr₹276 cr in FY25
Cash from financing: ₹591cr−₹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.
	—	68.2	55.0	49.9	50.9
	—	64.4	44.8	63.9	66.1
	—	−54.1	−43.9	−36.2	−16.0
	—	−1.9	−0.2	−1.1	−1.4
	—	2.5	1.3	−5.2	3.3
	—	−97.4	−0.6	4.1	−7.2
	—	−177	117	−158	227
	—	−36.4	27.0	−150	2.5
	—	−302	−83.5	−2.0	−73.3
	—	0.5	0.0	0.1	3.3
	—	131	−331	224	−434
	—	36.3	6.9	−4.0	−2.0
	—	−21.6	−8.1	−60.8	1.6
Cash from operating activities
	1,131	1,001	806	574	280
	—	−388	−215	−76.3	−179
	—	613	591	498	101
	—	231	144	92.9	47.4
	—	382	447	405	54.0
Cash from investing activities
	—	450	171	52.4	82.5
	—	0.0	0.3	0.4	0.6
	—	5.0	0.1	0.1	6.9
	—	0.0	0.0	0.0	597
	—	0.0	0.0	0.0	599
	—	509	95.2	422	0.0
	—	0.0	−2.4	137	0.0
	—	44.8	48.2	31.5	3.0
	—	−55.0	−15.0	−99.5	−325
	—	−964	−235	−405	−397
Cash from financing activities
	—	1.4	3.2	7.7	0.8
	—	253	89.3	311	197
	—	−1.2	0.0	0.0	0.0
	—	434	0.0	2.7	279
	—	−0.9	295	243	39.4
	—	1.9	2.0	1.5	2.8
	—	67.1	41.9	62.9	48.6
	—	29.6	24.7	10.8	8.4
	—	0.0	0.0	3.8	−0.1
	—	591	−271	7.2	377
	—	9.7	−59.8	7.1	34.4
	—	0.0	−0.0	0.0	0.0
	—	9.7	−59.8	7.1	34.4
	—	—	—	215	208
Reference items
	1,087	962	854	645	399
	19.4%	20.6%	18.5%	15.4%	9.6%
	−67.7	−67.7	276	352	−29.2
	—	323	−57.6	53.3	—
	−₹1.34	−₹1.34	₹5.47	₹6.98	−₹0.58
	—	0.51×	0.81×	0.99×	0.25×
	—	231	144	92.9	47.4
	—	67.1	41.9	62.9	48.6

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

alphave

HSCL₹536.25

Himadri Speciality Chemical Ltd.

· Chemicals

₹ CrorePeersPCBL GRAPHITE HEG NOCIL ROSSARI NAVINFLUOR TATACHEM DDEVPLSTIKMcap ₹27,054 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	50.9	49.9	55.0	68.2	—
+ Finance Costs	66.1	63.9	44.8	64.4	—
+ Interest Income	-16.0	-36.2	-43.9	-54.1	—
+ Fair Value (Gains) / Losses	-1.4	-1.1	-0.2	-1.9	—
+ Unrealised FX (Gain) / Loss	3.3	-5.2	1.3	2.5	—
+ Other Non-cash Items	-7.2	4.1	-0.6	-97.4	—
Changes in Working Capital
+ Inventories	227.3	-158.3	117.4	-177.2	—
+ Trade Receivables — Current	2.5	-150.3	27.0	-36.4	—
+ Other Financial Assets — Current	-73.3	-2.0	-83.5	-302.2	—
+ Other Non-current Assets	3.3	0.1	0.0	0.5	—
+ Trade Payables — Current	-434.0	223.8	-331.2	131.1	—
+ Other Financial Liabilities — Current	-2.0	-4.0	6.9	36.3	—
+ Other Current Liabilities	1.6	-60.8	-8.1	-21.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	280.3	573.9	806.2	1,000.9	1,131.0
+ Total Adjustments (incl. Working Capital)	-178.9	-76.3	-215.0	-388.0	—
Cash from Operations (pre-tax)	101.4	497.6	591.2	612.9	—
+ Income Taxes Paid	47.4	92.9	144.3	230.9	—
Cash from Operating Activities	54.0	404.8	446.9	382.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	82.5	52.4	170.6	449.7	—
+ Acq of Intangible Assets	0.6	0.4	0.3	0.0	—
+ Disp of Fixed Assets	6.9	0.1	0.1	5.0	—
+ Acq of Investment Property	597.0	0.0	0.0	0.0	—
+ Disp of Investment Property	598.9	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	421.5	95.2	508.9	—
+ Sale of Investments (Equity / Debt)	0.0	137.4	-2.4	0.0	—
+ Interest Received — Investing	3.0	31.5	48.2	44.8	—
+ Other Inflows / (Outflows) — Investing	-325.2	-99.5	-15.0	-55.0	—
Cash from Investing Activities	-396.7	-404.9	-235.2	-963.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.8	7.7	3.2	1.4	—
+ Proceeds from Other Equity Instruments	196.8	311.1	89.3	252.6	—
+ Buyback / Redemption of Own Shares	0.0	0.0	0.0	-1.2	—
+ Proceeds from Borrowings	278.8	2.7	0.0	434.0	—
+ Repayment of Borrowings	39.4	242.8	295.3	-0.9	—
+ Payment of Lease Liabilities	2.8	1.5	2.0	1.9	—
+ Interest Paid	48.6	62.9	41.9	67.1	—
+ Dividends Paid	8.4	10.8	24.7	29.6	—
+ Other Inflows / (Outflows) — Financing	-0.1	3.8	0.0	0.0	—
Cash from Financing Activities	377.1	7.2	-271.4	591.5	—
Net Changes in Cash (pre-FX)	34.4	7.1	-59.8	9.7	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	-0.0	0.0	—
Net Changes in Cash	34.4	7.1	-59.8	9.7	—
Closing Cash	207.8	214.9	—	—	—
Reference Items
EBITDA	399.2	645.1	854.2	962.1	1,087.2
EBITDA Margin %	9.57	15.41	18.52	20.64	19.43
Free Cash Flow (CFO − Capex)	-29.2	352.0	276.0	-67.7	-67.7
Free Cash Flow to Equity	—	53.3	-57.6	323.0	—
Free Cash Flow per Basic Share	-0.58	6.98	5.47	-1.34	-1.34
Cash Flow to Net Income	0.25	0.99	0.81	0.51	—
Cash Paid for Taxes	47.4	92.9	144.3	230.9	—
Cash Paid for Interest	48.6	62.9	41.9	67.1	—

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%.