Hindalco Industries cash flow

Latest FY26

Cash from operations: ₹10,250cr−58.0% on FY25
Capital spending: ₹30,096cr+45.8% on FY25
Free cash flow: −₹19,846cr₹3,761 cr in FY25
Cash from financing: ₹20,087cr−₹1,816 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.
	—	8,830	7,881	7,521	7,086
	—	636	1,269	385	219
	—	3,480	3,419	3,858	3,646
	—	−1,148	−971	−786	−559
	—	−39.0	−38.0	−34.0	−34.0
	—	−503	−403	−251	202
	—	62.0	62.0	57.0	48.0
	—	425	−32.0	342	−92.0
	—	4.0	−3.0	0.0	0.0
	—	724	−1,326	−245	−1,350
	—	0.0	0.0	76.0	0.0
	—	−24,518	−7,194	2,381	2,839
	—	−5,306	−3,139	1.0	5,751
	—	−4,275	−349	−98.0	198
	—	−2,382	−184	0.0	0.0
	—	0.0	0.0	1,074	−1,372
	—	19,316	7,508	−1,731	−6,409
	—	1,497	0.0	−81.0	0.0
	—	1,431	0.0	0.0	0.0
	—	0.0	129	398	−1,280
	—	0.0	908	−146	−184
Cash from operating activities
	22,213	18,500	22,334	14,010	13,232
	—	−1,774	7,543	12,721	8,709
	—	16,726	29,877	26,731	21,941
	—	6,476	5,467	2,675	2,733
	—	10,250	24,410	24,056	19,208
Cash from investing activities
	—	30,096	20,649	15,728	9,842
	—	338	245	50.0	100
	—	0.0	0.0	1,899	0.0
	—	1,325	7,290	0.0	271
	—	0.0	0.0	0.0	17.0
	—	0.0	0.0	0.0	24.0
	—	2,460	305	3,468	3,222
	—	4,393	2,184	2,445	4,615
	—	39.0	38.0	34.0	34.0
	—	1,162	819	551	445
	—	1,366	219	−59.0	13.0
	—	−26,583	−24,739	−14,276	−8,121
Cash from financing activities
	—	47.0	49.0	0.0	0.0
	—	164	153	0.0	0.0
	—	36,709	18,728	3,990	701
	—	10,246	15,221	5,750	9,625
	—	358	397	500	0.0
	—	4,791	4,044	3,912	0.0
	—	1,110	778	667	0.0
	—	0.0	0.0	−3,978	−1,421
	—	20,087	−1,816	−10,817	−10,345
	—	3,754	−2,145	−1,037	742
	—	800	130	9.0	457
	—	4,554	−2,015	−1,028	1,199
	—	14,349	9,795	11,810	12,838
Reference items
	40,910	34,884	31,805	23,872	22,666
	13.8%	12.7%	13.3%	11.1%	10.2%
	−19,846	−19,846	3,761	8,328	9,366
	—	10,091	7,147	582	—
	−₹89.40	−₹89.40	₹16.94	₹37.51	₹42.19
	—	0.77×	1.53×	2.37×	1.90×
	—	6,476	5,467	2,675	2,733
	—	4,791	4,044	3,912	—

Open the chart

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

alphave

HINDALCO₹893.75

Hindalco Industries Ltd.

· Metal & Mining

₹ CrorePeersNATIONALUM VEDL JSWSTEEL ADANIENT TATASTEEL HINDZINC JINDALSTEL NMDCMcap ₹1.98L 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	7,086.0	7,521.0	7,881.0	8,830.0	—
+ Impairment Loss / (Reversal)	219.0	385.0	1,269.0	636.0	—
+ Finance Costs	3,646.0	3,858.0	3,419.0	3,480.0	—
+ Interest Income	-559.0	-786.0	-971.0	-1,148.0	—
+ Dividend Income	-34.0	-34.0	-38.0	-39.0	—
+ Fair Value (Gains) / Losses	202.0	-251.0	-403.0	-503.0	—
+ Share-based Payments	48.0	57.0	62.0	62.0	—
+ Unrealised FX (Gain) / Loss	-92.0	342.0	-32.0	425.0	—
+ Undistributed Profits of Associates	0.0	0.0	-3.0	4.0	—
+ Other Non-cash Items	-1,350.0	-245.0	-1,326.0	724.0	—
+ Other — Cash Effects are Investing / Financing	0.0	76.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	2,839.0	2,381.0	-7,194.0	-24,518.0	—
+ Trade Receivables — Current	5,751.0	1.0	-3,139.0	-5,306.0	—
+ Other Financial Assets — Current	198.0	-98.0	-349.0	-4,275.0	—
+ Other Financial Assets — Non-current	0.0	0.0	-184.0	-2,382.0	—
+ Other Current Assets	-1,372.0	1,074.0	0.0	0.0	—
+ Trade Payables — Current	-6,409.0	-1,731.0	7,508.0	19,316.0	—
+ Other Financial Liabilities — Current	0.0	-81.0	0.0	1,497.0	—
+ Other Financial Liabilities — Non-current	0.0	0.0	0.0	1,431.0	—
+ Other Current Liabilities	-1,280.0	398.0	129.0	0.0	—
+ Other Non-current Liabilities	-184.0	-146.0	908.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	13,232.0	14,010.0	22,334.0	18,500.0	22,213.0
+ Total Adjustments (incl. Working Capital)	8,709.0	12,721.0	7,543.0	-1,774.0	—
Cash from Operations (pre-tax)	21,941.0	26,731.0	29,877.0	16,726.0	—
+ Income Taxes Paid	2,733.0	2,675.0	5,467.0	6,476.0	—
Cash from Operating Activities	19,208.0	24,056.0	24,410.0	10,250.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	9,842.0	15,728.0	20,649.0	30,096.0	—
+ Disp of Fixed Assets	100.0	50.0	245.0	338.0	—
+ Disp of Other Long-term Assets	0.0	1,899.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	271.0	0.0	7,290.0	1,325.0	—
+ Acq of Interests in Joint Ventures	17.0	0.0	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	24.0	0.0	0.0	0.0	—
+ Loans & Advances Made	3,222.0	3,468.0	305.0	2,460.0	—
+ Loans & Advances Repaid	4,615.0	2,445.0	2,184.0	4,393.0	—
+ Dividends Received — Investing	34.0	34.0	38.0	39.0	—
+ Interest Received — Investing	445.0	551.0	819.0	1,162.0	—
+ Other Inflows / (Outflows) — Investing	13.0	-59.0	219.0	1,366.0	—
Cash from Investing Activities	-8,121.0	-14,276.0	-24,739.0	-26,583.0	—
Cash from Financing Activities
+ Proceeds from Other Equity Instruments	0.0	0.0	49.0	47.0	—
+ Buyback / Redemption of Own Shares	0.0	0.0	153.0	164.0	—
+ Proceeds from Borrowings	701.0	3,990.0	18,728.0	36,709.0	—
+ Repayment of Borrowings	9,625.0	5,750.0	15,221.0	10,246.0	—
+ Payment of Lease Liabilities	0.0	500.0	397.0	358.0	—
+ Interest Paid	0.0	3,912.0	4,044.0	4,791.0	—
+ Dividends Paid	0.0	667.0	778.0	1,110.0	—
+ Other Inflows / (Outflows) — Financing	-1,421.0	-3,978.0	0.0	0.0	—
Cash from Financing Activities	-10,345.0	-10,817.0	-1,816.0	20,087.0	—
Net Changes in Cash (pre-FX)	742.0	-1,037.0	-2,145.0	3,754.0	—
+ Effect of FX Rate Changes on Cash	457.0	9.0	130.0	800.0	—
Net Changes in Cash	1,199.0	-1,028.0	-2,015.0	4,554.0	—
Closing Cash	12,838.0	11,810.0	9,795.0	14,349.0	—
Reference Items
EBITDA	22,666.0	23,872.0	31,805.0	34,884.0	40,910.0
EBITDA Margin %	10.15	11.05	13.34	12.69	13.84
Free Cash Flow (CFO − Capex)	9,366.0	8,328.0	3,761.0	-19,846.0	-19,846.0
Free Cash Flow to Equity	—	582.0	7,147.0	10,091.0	—
Free Cash Flow per Basic Share	42.19	37.51	16.94	-89.40	-89.40
Cash Flow to Net Income	1.90	2.37	1.53	0.77	—
Cash Paid for Taxes	2,733.0	2,675.0	5,467.0	6,476.0	—
Cash Paid for Interest	—	3,912.0	4,044.0	4,791.0	—

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.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

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 ✓ 145%.