| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Dec 2025 | FY25Dec 2024 | FY24Dec 2023 | FY23Dec 2022 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 52.2 | 47.5 | 53.4 | 86.1 | ||
| — | 0.0 | 0.0 | 3.7 | 1.0 | ||
| — | 16.0 | 17.2 | 30.5 | 31.6 | ||
| — | −12.4 | −15.3 | −3.8 | 0.5 | ||
| — | −2.1 | 3.4 | −0.7 | 2.6 | ||
| — | −0.1 | 1.1 | 0.0 | 1.2 | ||
| — | 2.0 | −2.5 | 0.3 | −4.4 | ||
| — | 12.6 | 10.3 | 4.5 | 4.9 | ||
| — | −10.8 | −31.4 | −410 | −4.1 | ||
Changes in working capital | ||||||
| — | 32.4 | 19.4 | 25.9 | 39.5 | ||
| — | 22.2 | −27.3 | 105 | −23.8 | ||
| — | 1.8 | 1.5 | 0.0 | 0.0 | ||
| — | 0.0 | 0.0 | −1.4 | 0.2 | ||
| — | −0.1 | 4.4 | −2.9 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | 48.6 | ||
| — | −27.1 | 8.2 | −13.0 | −89.9 | ||
| — | −8.4 | −7.0 | 2.3 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | −1.3 | ||
| — | 1.7 | −4.4 | 14.1 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | 0.3 | ||
| — | −9.1 | −4.0 | −7.6 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | −3.0 | ||
Cash from operating activities | ||||||
| 174 | 158 | 117 | 500 | 55.9 | ||
| — | 70.9 | 21.0 | −200 | 89.9 | ||
| — | 229 | 138 | 300 | 146 | ||
| — | −8.6 | −4.5 | 26.5 | 13.2 | ||
| — | 238 | 142 | 274 | 133 | ||
Cash from investing activities | ||||||
| — | 55.5 | 66.4 | 94.9 | 96.5 | ||
| — | 1.4 | 4.8 | 3.8 | 5.3 | ||
| — | 0.0 | 0.0 | 0.0 | 54.5 | ||
| — | 0.0 | 0.0 | 0.0 | 55.2 | ||
| — | 0.0 | 22.1 | 429 | 0.0 | ||
| — | 290 | 350 | 100 | 0.0 | ||
| — | 256 | 284 | 21.0 | 0.0 | ||
| — | 9.9 | 16.0 | 2.1 | 0.5 | ||
| — | 0.0 | 23.3 | 59.7 | 0.0 | ||
| — | −77.9 | 35.8 | −161 | 0.4 | ||
| — | −156 | −76.9 | 39.8 | −89.6 | ||
Cash from financing activities | ||||||
| — | 0.0 | 0.0 | 1,209 | 4,480 | ||
| — | 0.0 | 100 | 1,372 | 4,466 | ||
| — | 4.6 | 8.8 | 3.4 | 6.5 | ||
| — | 16.0 | 14.7 | 29.8 | 31.7 | ||
| — | 15.1 | 37.8 | 15.2 | 7.8 | ||
| — | −35.8 | −161 | −211 | −31.6 | ||
| — | 45.9 | −95.8 | 102 | 11.5 | ||
| — | −0.2 | 0.2 | 0.1 | −0.3 | ||
| — | 45.6 | −95.6 | 102 | 11.2 | ||
| — | — | 48.9 | 144 | 42.5 | ||
Reference items | ||||||
| 229 | 191 | 117 | 195 | 157 | ||
| 8.3% | 7.7% | 4.7% | 7.6% | 5.3% | ||
| 182 | 182 | 75.9 | 179 | 36.2 | ||
| — | 166 | −40.2 | −14.4 | — | ||
| ₹24.13 | ₹24.13 | ₹10.05 | ₹23.65 | ₹4.79 | ||
| 9.92× | — | — | — | — | ||
| — | 2.01× | 1.62× | 0.67× | 2.67× | ||
| — | −8.6 | −4.5 | 26.5 | 13.2 | ||
| — | 16.0 | 14.7 | 29.8 | 31.7 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/12/2022 | FY24 31/12/2023 | FY25 31/12/2024 | FY26 31/12/2025 | Last 12M 30/09/2026 | |
|---|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||||
| + Depreciation & Amortisation | 86.1 | 53.4 | 47.5 | 52.2 | — | |
| + Impairment Loss / (Reversal) | 1.0 | 3.7 | 0.0 | 0.0 | — | |
| + Finance Costs | 31.6 | 30.5 | 17.2 | 16.0 | — | |
| + Interest Income | 0.5 | -3.8 | -15.3 | -12.4 | — | |
| + Fair Value (Gains) / Losses | 2.6 | -0.7 | 3.4 | -2.1 | — | |
| + Share-based Payments | 1.2 | 0.0 | 1.1 | -0.1 | — | |
| + Unrealised FX (Gain) / Loss | -4.4 | 0.3 | -2.5 | 2.0 | — | |
| + Other Non-cash Items | 4.9 | 4.5 | 10.3 | 12.6 | — | |
| + Other — Cash Effects are Investing / Financing | -4.1 | -410.3 | -31.4 | -10.8 | — | |
| Changes in Working Capital | ||||||
| + Inventories | 39.5 | 25.9 | 19.4 | 32.4 | — | |
| + Trade Receivables — Current | -23.8 | 105.1 | -27.3 | 22.2 | — | |
| + Other Financial Assets — Current | 0.0 | 0.0 | 1.5 | 1.8 | — | |
| + Other Financial Assets — Non-current | 0.2 | -1.4 | 0.0 | 0.0 | — | |
| + Other Current Assets | 0.0 | -2.9 | 4.4 | -0.1 | — | |
| + Other Non-current Assets | 48.6 | 0.0 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | -89.9 | -13.0 | 8.2 | -27.1 | — | |
| + Other Financial Liabilities — Current | 0.0 | 2.3 | -7.0 | -8.4 | — | |
| + Other Financial Liabilities — Non-current | -1.3 | 0.0 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | 0.0 | 14.1 | -4.4 | 1.7 | — | |
| + Other Non-current Liabilities | 0.3 | 0.0 | 0.0 | 0.0 | — | |
| + Provisions — Current | 0.0 | -7.6 | -4.0 | -9.1 | — | |
| + Provisions — Non-current | -3.0 | 0.0 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 55.9 | 500.0 | 116.8 | 158.3 | 174.2 | |
| + Total Adjustments (incl. Working Capital) | 89.9 | -199.9 | 21.0 | 70.9 | — | |
| Cash from Operations (pre-tax) | 145.8 | 300.1 | 137.9 | 229.2 | — | |
| + Income Taxes Paid | 13.2 | 26.5 | -4.5 | -8.6 | — | |
| Cash from Operating Activities | 132.6 | 273.6 | 142.3 | 237.8 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 96.5 | 94.9 | 66.4 | 55.5 | — | |
| + Disp of Fixed Assets | 5.3 | 3.8 | 4.8 | 1.4 | — | |
| + Acq of Investment Property | 54.5 | 0.0 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | 55.2 | 0.0 | 0.0 | 0.0 | — | |
| + Disp of Other Long-term Assets | 0.0 | 428.7 | 22.1 | 0.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 100.0 | 350.0 | 290.0 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | 21.0 | 284.2 | 255.9 | — | |
| + Interest Received — Investing | 0.5 | 2.1 | 16.0 | 9.9 | — | |
| + Income Taxes (Paid) / Refund — Investing | 0.0 | 59.7 | 23.3 | 0.0 | — | |
| + Other Inflows / (Outflows) — Investing | 0.4 | -161.1 | 35.8 | -77.9 | — | |
| Cash from Investing Activities | -89.6 | 39.8 | -76.9 | -156.2 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Borrowings | 4,480.1 | 1,209.3 | 0.0 | 0.0 | — | |
| + Repayment of Borrowings | 4,465.7 | 1,372.4 | 100.0 | 0.0 | — | |
| + Payment of Lease Liabilities | 6.5 | 3.4 | 8.8 | 4.6 | — | |
| + Interest Paid | 31.7 | 29.8 | 14.7 | 16.0 | — | |
| + Dividends Paid | 7.8 | 15.2 | 37.8 | 15.1 | — | |
| Cash from Financing Activities | -31.6 | -211.5 | -161.3 | -35.8 | — | |
| Net Changes in Cash (pre-FX) | 11.5 | 101.9 | -95.8 | 45.9 | — | |
| + Effect of FX Rate Changes on Cash | -0.3 | 0.1 | 0.2 | -0.2 | — | |
| Net Changes in Cash | 11.2 | 102.0 | -95.6 | 45.6 | — | |
| Closing Cash | 42.5 | 144.5 | 48.9 | — | — | |
| Reference Items | ||||||
| EBITDA | 157.0 | 194.7 | 117.3 | 190.8 | 228.8 | |
| EBITDA Margin % | 5.26 | 7.64 | 4.65 | 7.73 | 8.31 | |
| Free Cash Flow (CFO − Capex) | 36.2 | 178.7 | 75.9 | 182.3 | 182.3 | |
| Free Cash Flow to Equity | — | -14.4 | -40.2 | 166.3 | — | |
| Free Cash Flow per Basic Share | 4.79 | 23.65 | 10.05 | 24.13 | 24.13 | |
| Price to Free Cash Flow | — | — | — | — | 9.92 | |
| Cash Flow to Net Income | 2.67 | 0.67 | 1.62 | 2.01 | — | |
| Cash Paid for Taxes | 13.2 | 26.5 | -4.5 | -8.6 | — | |
| Cash Paid for Interest | 31.7 | 29.8 | 14.7 | 16.0 | — | |