Indian Hotels Co. cash flow

Latest FY26

Cash from operations: ₹2,471cr+12.6% on FY25
Capital spending: ₹1,037cr−3.5% on FY25
Free cash flow: ₹1,435cr+28.1% on FY25
Cash from financing: −₹976cr−₹547 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.
	—	605	518	454	416
	—	221	208	220	236
	—	−98.4	−130	−108	−45.1
	—	−32.8	−18.9	−10.8	−5.2
	—	−90.7	−323	−15.7	−12.0
	—	−0.7	0.0	0.3	9.0
	—	2.3	6.1	6.6	8.8
	—	−433	−40.3	−23.8	−72.7
	—	−9.6	−6.6	−7.2	−8.4
	—	−146	−82.4	−62.0	−192
	—	92.4	35.6	105	224
	—	101	30.5	19.5	15.8
Cash from operating activities
	3,111	2,926	2,578	1,666	1,295
	—	212	197	579	575
	—	3,138	2,775	2,244	1,869
	—	667	581	309	250
	—	2,471	2,194	1,935	1,619
Cash from investing activities
	—	1,037	1,074	637	471
	—	9.0	12.5	3.8	67.6
	—	0.0	0.0	14.1	34.1
	—	590	0.0	0.0	0.0
	—	412	17.7	0.0	0.0
	—	123	39.0	17.5	22.0
	—	101	−0.9	−1.9	98.6
	—	0.0	4.7	0.0	0.0
	—	45.1	43.8	26.7	5.2
	—	107	109	52.8	29.8
	—	−1,008	−931	−623	181
	—	−1,727	−1,892	−1,210	−145
Cash from financing activities
	—	0.0	0.0	6.5	1.3
	—	99.1	275	138	58.9
	—	461	325	709	1,253
	—	263	218	198	187
	—	22.0	27.3	67.1	82.8
	—	342	252	155	64.4
	—	12.9	−0.5	−0.4	−1.0
	—	−976	−547	−985	−1,528
	—	−232	−245	−260	−53.4
	—	13.9	4.3	2.5	6.3
	—	−218	−241	−257	−47.1
	—	—	—	479	736
Reference items
	3,427	3,195	2,769	2,157	1,805
	32.9%	33.0%	33.2%	31.9%	31.1%
	1,435	1,435	1,120	1,298	1,148
	—	1,239	1,057	673	—
	₹10.08	₹10.08	₹7.87	₹9.12	₹8.07
	80.35×	—	—	—	—
	—	1.10×	1.08×	1.45×	1.54×
	—	667	581	309	250
	—	22.0	27.3	67.1	82.8

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

alphave

INDHOTEL₹810.00

Indian Hotels Co. Ltd.

· Consumer Services

₹ CrorePeersEIHOTEL LEMONTREE CHALET DMART TRENT ETERNAL INDIGO ADANIPORTSMcap ₹1.15L 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	416.1	454.3	518.2	605.2	—
+ Finance Costs	236.1	220.2	208.4	221.4	—
+ Interest Income	-45.1	-108.0	-130.1	-98.4	—
+ Dividend Income	-5.2	-10.8	-18.9	-32.8	—
+ Fair Value (Gains) / Losses	-12.0	-15.7	-323.1	-90.7	—
+ Unrealised FX (Gain) / Loss	9.0	0.3	0.0	-0.7	—
+ Other Non-cash Items	8.8	6.6	6.1	2.3	—
+ Other — Cash Effects are Investing / Financing	-72.7	-23.8	-40.3	-432.7	—
Changes in Working Capital
+ Inventories	-8.4	-7.2	-6.6	-9.6	—
+ Other Financial Assets — Current	-191.7	-62.0	-82.4	-145.5	—
+ Other Financial Liabilities — Current	224.2	105.1	35.6	92.4	—
+ Provisions — Current	15.8	19.5	30.5	101.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,294.6	1,665.5	2,578.1	2,925.9	3,111.4
+ Total Adjustments (incl. Working Capital)	574.8	578.6	197.4	212.2	—
Cash from Operations (pre-tax)	1,869.4	2,244.1	2,775.5	3,138.1	—
+ Income Taxes Paid	250.4	308.9	581.1	666.7	—
Cash from Operating Activities	1,619.0	1,935.1	2,194.4	2,471.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	470.6	637.0	1,074.1	1,036.6	—
+ Disp of Fixed Assets	67.6	3.8	12.5	9.0	—
+ Purchase of Investments (Equity / Debt)	34.1	14.1	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	0.0	590.5	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	17.7	411.7	—
+ Loans & Advances Made	22.0	17.5	39.0	123.0	—
+ Loans & Advances Repaid	98.6	-1.9	-0.9	101.0	—
+ Government Grants Received	0.0	0.0	4.7	0.0	—
+ Dividends Received — Investing	5.2	26.7	43.8	45.1	—
+ Interest Received — Investing	29.8	52.8	108.8	106.7	—
+ Other Inflows / (Outflows) — Investing	180.9	-622.8	-930.5	-1,007.9	—
Cash from Investing Activities	-144.6	-1,210.0	-1,892.5	-1,726.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	1.3	6.5	0.0	0.0	—
+ Proceeds from Borrowings	58.9	137.6	275.5	99.1	—
+ Repayment of Borrowings	1,252.6	709.2	325.2	461.3	—
+ Payment of Lease Liabilities	187.4	197.6	218.1	262.8	—
+ Interest Paid	82.8	67.1	27.3	22.0	—
+ Dividends Paid	64.4	154.5	251.8	342.2	—
+ Other Inflows / (Outflows) — Financing	-1.0	-0.4	-0.5	12.9	—
Cash from Financing Activities	-1,527.9	-984.7	-547.3	-976.3	—
Net Changes in Cash (pre-FX)	-53.4	-259.5	-245.5	-231.8	—
+ Effect of FX Rate Changes on Cash	6.3	2.5	4.3	13.9	—
Net Changes in Cash	-47.1	-257.1	-241.2	-217.9	—
Closing Cash	736.4	479.3	—	—	—
Reference Items
EBITDA	1,804.6	2,157.1	2,769.3	3,194.7	3,427.0
EBITDA Margin %	31.06	31.87	33.23	32.97	32.85
Free Cash Flow (CFO − Capex)	1,148.4	1,298.2	1,120.3	1,434.8	1,434.8
Free Cash Flow to Equity	—	673.4	1,057.1	1,239.4	—
Free Cash Flow per Basic Share	8.07	9.12	7.87	10.08	10.08
Price to Free Cash Flow	—	—	—	—	80.35
Cash Flow to Net Income	1.54	1.45	1.08	1.10	—
Cash Paid for Taxes	250.4	308.9	581.1	666.7	—
Cash Paid for Interest	82.8	67.1	27.3	22.0	—

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 ✓ 95%.