INCREDIBLE INDUSTRIES cash flow

Latest FY26

Cash from operations: ₹9.6cr−74.2% on FY25
Capital spending: ₹22.9cr+281.9% on FY25
Free cash flow: −₹13.3cr₹31.3 cr in FY25
Cash from financing: ₹8.5cr−₹22.3 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.
	—	5.0	5.4	5.7	5.6
	—	2.5	3.5	5.9	5.4
	—	−0.8	−0.5	−2.0	−0.1
	—	0.5	0.2	0.0	−0.0
	—	3.9	−2.2	−1.0	−2.0
	—	10.3	1.7	−16.8	9.0
	—	−0.0	7.4	0.0	0.0
	—	−0.0	0.2	0.0	0.0
	—	−18.5	24.5	24.4	−17.1
	—	−9.2	−5.4	−0.0	0.3
	—	−0.1	−4.8	0.7	3.5
	—	0.0	0.0	0.7	0.0
	—	−1.8	1.0	0.0	0.0
	—	3.1	−2.4	0.0	0.0
	—	2.2	−0.5	0.0	3.0
	—	0.0	0.0	0.0	−1.8
	—	0.0	0.0	0.2	0.1
	—	−0.0	−0.0	0.0	0.1
Cash from operating activities
	17.0	16.6	13.2	10.0	7.1
	—	−2.8	28.0	17.8	5.9
	—	13.8	41.2	27.7	13.0
	—	4.2	3.9	3.9	2.6
	—	9.6	37.3	23.8	10.4
Cash from investing activities
	—	22.9	6.0	5.3	2.5
	—	0.8	0.5	2.0	0.1
	—	−14.1	1.1	−0.8	−0.2
	—	−36.3	−4.4	−4.1	−2.6
Cash from financing activities
	—	13.5	0.0	1.0	3.3
	—	0.0	16.4	5.4	2.7
	—	2.4	2.4	2.4	2.4
	—	2.5	3.5	5.9	5.4
	—	8.5	−22.3	−12.8	−7.2
	—	−18.1	10.6	6.9	0.7
	—	−18.1	10.6	6.9	0.7
	—	—	—	7.6	0.7
Reference items
	22.9	22.7	21.3	19.3	17.8
	2.7%	2.7%	2.8%	2.4%	2.4%
	−13.3	−13.3	31.3	18.5	7.9
	—	−2.4	11.4	8.1	—
	−₹2.85	−₹2.85	₹6.70	₹3.96	₹1.69
	—	0.84×	2.99×	3.99×	2.12×
	—	4.2	3.9	3.9	2.6
	—	2.5	3.5	5.9	5.4

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

alphave

INCREDIBLE₹29.39

INCREDIBLE INDUSTRIES LIMITED

· Capital Goods & Defence

₹ CrorePeersSHAHALLOYS MWL RUDRA VSTL VMSTMT SMLT HISARMETAL ZENITHSTLMcap ₹137 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	5.6	5.7	5.4	5.0	—
+ Finance Costs	5.4	5.9	3.5	2.5	—
+ Interest Income	-0.1	-2.0	-0.5	-0.8	—
+ Other Non-cash Items	-0.0	0.0	0.2	0.5	—
Changes in Working Capital
+ Inventories	-2.0	-1.0	-2.2	3.9	—
+ Trade Receivables — Current	9.0	-16.8	1.7	10.3	—
+ Other Financial Assets — Current	0.0	0.0	7.4	-0.0	—
+ Other Financial Assets — Non-current	0.0	0.0	0.2	-0.0	—
+ Other Current Assets	-17.1	24.4	24.5	-18.5	—
+ Other Non-current Assets	0.3	-0.0	-5.4	-9.2	—
+ Trade Payables — Current	3.5	0.7	-4.8	-0.1	—
+ Trade Payables — Non-current	0.0	0.7	0.0	0.0	—
+ Other Financial Liabilities — Current	0.0	0.0	1.0	-1.8	—
+ Other Financial Liabilities — Non-current	0.0	0.0	-2.4	3.1	—
+ Other Current Liabilities	3.0	0.0	-0.5	2.2	—
+ Other Non-current Liabilities	-1.8	0.0	0.0	0.0	—
+ Provisions — Current	0.1	0.2	0.0	0.0	—
+ Provisions — Non-current	0.1	0.0	-0.0	-0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	7.1	10.0	13.2	16.6	17.0
+ Total Adjustments (incl. Working Capital)	5.9	17.8	28.0	-2.8	—
Cash from Operations (pre-tax)	13.0	27.7	41.2	13.8	—
+ Income Taxes Paid	2.6	3.9	3.9	4.2	—
Cash from Operating Activities	10.4	23.8	37.3	9.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	2.5	5.3	6.0	22.9	—
+ Interest Received — Investing	0.1	2.0	0.5	0.8	—
+ Other Inflows / (Outflows) — Investing	-0.2	-0.8	1.1	-14.1	—
Cash from Investing Activities	-2.6	-4.1	-4.4	-36.3	—
Cash from Financing Activities
+ Proceeds from Borrowings	3.3	1.0	0.0	13.5	—
+ Repayment of Borrowings	2.7	5.4	16.4	0.0	—
+ Payment of Lease Liabilities	2.4	2.4	2.4	2.4	—
+ Interest Paid	5.4	5.9	3.5	2.5	—
Cash from Financing Activities	-7.2	-12.8	-22.3	8.5	—
Net Changes in Cash (pre-FX)	0.7	6.9	10.6	-18.1	—
Net Changes in Cash	0.7	6.9	10.6	-18.1	—
Closing Cash	0.7	7.6	—	—	—
Reference Items
EBITDA	17.8	19.3	21.3	22.7	22.9
EBITDA Margin %	2.40	2.37	2.82	2.70	2.75
Free Cash Flow (CFO − Capex)	7.9	18.5	31.3	-13.3	-13.3
Free Cash Flow to Equity	—	8.1	11.4	-2.4	—
Free Cash Flow per Basic Share	1.69	3.96	6.70	-2.85	-2.85
Cash Flow to Net Income	2.12	3.99	2.99	0.84	—
Cash Paid for Taxes	2.6	3.9	3.9	4.2	—
Cash Paid for Interest	5.4	5.9	3.5	2.5	—

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%.