HLE Glascoat cash flow

Latest FY26

Cash from operations: ₹161cr+20.0% on FY25
Capital spending: ₹55.7cr−16.2% on FY25
Free cash flow: ₹106cr+55.3% on FY25
Cash from financing: −₹84.9cr−₹59.7 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

Adjustments to reconcile profit — non-cash items
	—	36.5	29.7	25.5	22.7
	—	0.5	0.0	0.0	0.0
	—	34.4	36.2	30.6	23.0
	—	−1.5	−1.4	−0.9	−0.5
	—	14.2	0.5	5.5	−1.7
	—	3.0	1.9	−0.2	2.0
	—	0.0	0.0	0.0	−0.8
Changes in working capital
	—	45.8	−57.4	−14.3	−0.3
	—	−130	46.3	16.7	−88.8
	—	0.0	0.4	0.0	0.0
	—	13.3	−17.5	−1.1	0.0
	—	7.5	−15.1	5.7	3.2
	—	0.0	0.4	2.1	0.0
	—	0.0	0.0	0.0	0.5
	—	72.9	3.3	−13.5	−22.6
	—	5.8	1.7	0.3	−2.7
	—	0.0	0.0	0.8	4.3
	—	2.7	43.6	0.0	3.9
	—	0.0	0.0	1.7	0.0
	—	1.3	1.9	3.2	−3.2
	—	0.0	0.0	−1.3	0.0
Cash from operating activities
	52.4	70.9	75.1	58.7	99.3
	—	107	74.4	60.7	−61.1
	—	178	149	119	38.2
	—	0.0	0.0	0.0	0.4
	—	16.4	15.1	26.0	32.9
	—	161	134	93.5	5.7
Cash from investing activities
	—	55.7	66.4	54.4	48.5
	—	2.9	0.1	0.0	7.2
	—	0.0	0.0	0.0	0.0
	—	6.7	0.0	0.0	0.0
	—	0.0	0.0	8.6	0.0
	—	0.0	0.0	0.3	0.0
	—	30.0	0.0	0.0	0.0
	—	3.5	1.7	0.8	0.0
	—	0.0	−3.7	0.0	0.0
	—	−85.9	−68.4	−44.7	−41.3
Cash from financing activities
	—	0.0	0.0	6.7	0.0
	—	0.0	7.5	0.0	0.0
	—	0.0	0.0	7.5	7.5
	—	0.0	0.1	0.0	0.1
	—	0.0	0.0	0.1	0.0
	—	39.8	55.9	141	62.1
	—	76.1	62.0	44.6	23.4
	—	8.9	7.0	0.0	0.0
	—	33.7	31.8	21.2	18.4
	—	7.5	7.7	7.5	6.8
	—	1.5	0.3	−85.4	7.3
	—	−84.9	−59.7	−18.2	13.3
	—	−9.6	6.3	30.6	−22.2
	—	0.0	−0.0	0.0	0.0
	—	−9.6	6.3	30.6	−22.2
	—	—	—	33.3	2.7
Reference items
	123	140	134	112	137
	9.0%	10.3%	13.0%	11.6%	14.7%
	106	106	68.0	39.1	−42.7
	—	35.2	−3.6	160	—
	₹15.20	₹15.20	₹9.79	₹5.63	−₹6.15
	27.88×	—	—	—	—
	—	2.85×	2.18×	2.29×	0.08×
	—	16.4	15.1	26.0	32.9
	—	33.7	31.8	21.2	18.4

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

alphave

HLEGLAS₹423.80

HLE Glascoat Limited

· Capital Goods & Defence

₹ CrorePeersPENIND KABRAEXTRU EPACKPEB HONDAPOWER HPL JNKINDIA JASH WINDMACHINMcap ₹2,943 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	22.7	25.5	29.7	36.5	—
+ Impairment Loss / (Reversal)	0.0	0.0	0.0	0.5	—
+ Finance Costs	23.0	30.6	36.2	34.4	—
+ Interest Income	-0.5	-0.9	-1.4	-1.5	—
+ Unrealised FX (Gain) / Loss	-1.7	5.5	0.5	14.2	—
+ Other Non-cash Items	2.0	-0.2	1.9	3.0	—
+ Other — Cash Effects are Investing / Financing	-0.8	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-0.3	-14.3	-57.4	45.8	—
+ Trade Receivables — Current	-88.8	16.7	46.3	-129.8	—
+ Trade Receivables — Non-current	0.0	0.0	0.4	0.0	—
+ Other Financial Assets — Current	0.0	-1.1	-17.5	13.3	—
+ Other Current Assets	3.2	5.7	-15.1	7.5	—
+ Other Non-current Assets	0.0	2.1	0.4	0.0	—
+ Other Bank Balances	0.5	0.0	0.0	0.0	—
+ Trade Payables — Current	-22.6	-13.5	3.3	72.9	—
+ Other Financial Liabilities — Current	-2.7	0.3	1.7	5.8	—
+ Other Financial Liabilities — Non-current	4.3	0.8	0.0	0.0	—
+ Other Current Liabilities	3.9	0.0	43.6	2.7	—
+ Other Non-current Liabilities	0.0	1.7	0.0	0.0	—
+ Provisions — Current	-3.2	3.2	1.9	1.3	—
+ Provisions — Non-current	0.0	-1.3	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	99.3	58.7	75.1	70.9	52.4
+ Total Adjustments (incl. Working Capital)	-61.1	60.7	74.4	106.7	—
Cash from Operations (pre-tax)	38.2	119.4	149.5	177.6	—
+ Interest Received — Operating	0.4	0.0	0.0	0.0	—
+ Income Taxes Paid	32.9	26.0	15.1	16.4	—
Cash from Operating Activities	5.7	93.5	134.4	161.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	48.5	54.4	66.4	55.7	—
+ Disp of Fixed Assets	7.2	0.0	0.1	2.9	—
+ Disp of Investment Property	0.0	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	0.0	0.0	0.0	6.7	—
+ Disp of Other Long-term Assets	0.0	8.6	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.3	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	30.0	—
+ Interest Received — Investing	0.0	0.8	1.7	3.5	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	-3.7	0.0	—
Cash from Investing Activities	-41.3	-44.7	-68.4	-85.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	6.7	0.0	0.0	—
+ Buyback / Redemption of Own Shares	0.0	0.0	7.5	0.0	—
+ Payments for Other Equity Instruments	7.5	7.5	0.0	0.0	—
+ Proceeds — Change in Ownership of Subsidiaries	0.1	0.0	0.1	0.0	—
+ Payments — Change in Ownership of Subsidiaries	0.0	0.1	0.0	0.0	—
+ Proceeds from Borrowings	62.1	141.4	55.9	39.8	—
+ Repayment of Borrowings	23.4	44.6	62.0	76.1	—
+ Payment of Lease Liabilities	0.0	0.0	7.0	8.9	—
+ Interest Paid	18.4	21.2	31.8	33.7	—
+ Dividends Paid	6.8	7.5	7.7	7.5	—
+ Other Inflows / (Outflows) — Financing	7.3	-85.4	0.3	1.5	—
Cash from Financing Activities	13.3	-18.2	-59.7	-84.9	—
Net Changes in Cash (pre-FX)	-22.2	30.6	6.3	-9.6	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	-0.0	0.0	—
Net Changes in Cash	-22.2	30.6	6.3	-9.6	—
Closing Cash	2.7	33.3	—	—	—
Reference Items
EBITDA	137.0	112.1	133.6	139.8	123.1
EBITDA Margin %	14.71	11.58	13.00	10.33	8.99
Free Cash Flow (CFO − Capex)	-42.7	39.1	68.0	105.6	105.6
Free Cash Flow to Equity	—	160.4	-3.6	35.2	—
Free Cash Flow per Basic Share	-6.15	5.63	9.79	15.20	15.20
Price to Free Cash Flow	—	—	—	—	27.88
Cash Flow to Net Income	0.08	2.29	2.18	2.85	—
Cash Paid for Taxes	32.9	26.0	15.1	16.4	—
Cash Paid for Interest	18.4	21.2	31.8	33.7	—

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%.