Indigo Paints cash flow

Latest FY26

Cash from operations: ₹223cr+8.2% on FY25
Capital spending: ₹135cr−0.9% on FY25
Free cash flow: ₹87.6cr+26.2% on FY25
Cash from financing: −₹31.5cr−₹23.9 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.
	—	60.2	58.5	51.6	34.3
	—	1.3	0.0	2.4	—
	—	2.9	3.5	2.1	1.4
	—	0.0	−0.3	0.0	—
	—	−12.6	−17.1	−13.0	—
	—	5.9	6.0	7.0	—
	—	−0.0	0.0	0.0	—
	—	−0.0	0.0	−0.7	—
	—	0.0	−0.3	0.0	—
	—	−24.7	17.0	−49.5	0.1
	—	−43.0	−21.2	−15.2	−28.9
	—	−0.3	−0.1	−0.7	—
	—	11.4	15.7	−1.2	−33.5
	—	45.0	−52.7	31.0	9.2
	—	31.7	42.4	1.5	—
	—	4.0	−4.9	−3.8	2.3
Cash from operating activities
	203	198	190	199	156
	—	81.9	46.6	11.7	—
	—	280	237	210	141
	—	−0.1	0.0	0.2	—
	—	57.7	30.8	59.3	24.4
	—	223	206	151	116
Cash from investing activities
	—	135	136	104	199
	—	0.0	0.7	0.3	2.3
	—	117	66.3	52.4	—
	—	55.8	24.0	31.2	—
	—	0.0	0.0	29.3	—
	—	0.1	0.3	0.0	—
	—	−0.0	0.0	2.8	—
	—	−196	−178	−152	−84.4
Cash from financing activities
	—	0.0	0.0	0.0	—
	—	0.0	0.0	0.0	—
	—	0.0	4.3	1.3	—
	—	4.5	1.0	0.0	—
	—	7.9	7.4	0.0	—
	—	—	—	7.7	—
	—	2.5	3.2	0.2	—
	—	16.7	16.7	16.7	14.3
	—	0.0	0.0	9.6	—
	—	−31.5	−23.9	−13.6	−20.1
	—	−5.0	4.2	−14.3	—
	—	−5.0	4.2	−14.3	11.6
	—	—	37.1	32.9	47.2
Reference items
	257	255	233	238	182
	17.0%	18.1%	17.4%	18.2%	16.9%
	87.6	87.6	69.5	46.8	−83.1
	—	80.6	69.6	—	—
	₹18.38	₹18.38	₹14.57	₹9.83	−₹17.44
	55.81×	—	—	—	—
	—	1.51×	1.45×	1.02×	0.88×
	—	57.7	30.8	59.3	24.4
	—	2.5	3.2	0.2	—

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

alphave

INDIGOPNTS₹1,026.00

Indigo Paints Ltd.

· Consumer Goods

₹ CrorePeersASIANPAINT BERGEPAINT KANSAINER IFBIND EUREKAFORB ETHOSLTD PCJEWELLER CERAMcap ₹4,892 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	34.3	51.6	58.5	60.2	—
+ Impairment Loss / (Reversal)	—	2.4	0.0	1.3	—
+ Finance Costs	1.4	2.1	3.5	2.9	—
+ Interest Income	—	0.0	-0.3	0.0	—
+ Fair Value (Gains) / Losses	—	-13.0	-17.1	-12.6	—
+ Share-based Payments	—	7.0	6.0	5.9	—
+ Unrealised FX (Gain) / Loss	—	0.0	0.0	-0.0	—
+ Other Non-cash Items	—	-0.7	0.0	-0.0	—
+ Other Reconciling Items	—	0.0	-0.3	0.0	—
Changes in Working Capital
+ Inventories	0.1	-49.5	17.0	-24.7	—
+ Trade Receivables — Current	-28.9	-15.2	-21.2	-43.0	—
+ Other Financial Assets — Current	—	-0.7	-0.1	-0.3	—
+ Other Current Assets	-33.5	-1.2	15.7	11.4	—
+ Trade Payables — Current	9.2	31.0	-52.7	45.0	—
+ Other Current Liabilities	—	1.5	42.4	31.7	—
+ Provisions — Current	2.3	-3.8	-4.9	4.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	155.9	198.6	190.0	198.5	202.6
+ Total Adjustments (incl. Working Capital)	—	11.7	46.6	81.9	—
Cash from Operations (pre-tax)	140.5	210.3	236.5	280.3	—
+ Interest Received — Operating	—	0.2	0.0	-0.1	—
+ Income Taxes Paid	24.4	59.3	30.8	57.7	—
Cash from Operating Activities	116.1	151.2	205.7	222.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	199.3	104.4	136.2	134.9	—
+ Disp of Fixed Assets	2.3	0.3	0.7	0.0	—
+ Purchase of Investments (Equity / Debt)	—	52.4	66.3	117.0	—
+ Sale of Investments (Equity / Debt)	—	31.2	24.0	55.8	—
+ Acq of Subsidiaries / Businesses (net)	—	29.3	0.0	0.0	—
+ Interest Received — Investing	—	0.0	0.3	0.1	—
+ Other Inflows / (Outflows) — Investing	—	2.8	0.0	-0.0	—
Cash from Investing Activities	-84.4	-151.9	-177.5	-196.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	—	0.0	0.0	0.0	—
+ Proceeds from Exercise of Stock Options	—	0.0	0.0	0.0	—
+ Proceeds from Borrowings	—	1.3	4.3	0.0	—
+ Repayment of Borrowings	—	0.0	1.0	4.5	—
+ Payment of Lease Liabilities	—	0.0	7.4	7.9	—
+ Payment of Finance Lease Liabilities	—	7.7	—	—	—
+ Interest Paid	—	0.2	3.2	2.5	—
+ Dividends Paid	14.3	16.7	16.7	16.7	—
+ Other Inflows / (Outflows) — Financing	—	9.6	0.0	0.0	—
Cash from Financing Activities	-20.1	-13.6	-23.9	-31.5	—
Net Changes in Cash (pre-FX)	—	-14.3	4.2	-5.0	—
Net Changes in Cash	11.6	-14.3	4.2	-5.0	—
Closing Cash	47.2	32.9	37.1	—	—
Reference Items
EBITDA	181.5	238.1	233.5	254.8	256.9
EBITDA Margin %	16.91	18.23	17.42	18.13	16.99
Free Cash Flow (CFO − Capex)	-83.1	46.8	69.5	87.6	87.6
Free Cash Flow to Equity	—	—	69.6	80.6	—
Free Cash Flow per Basic Share	-17.44	9.83	14.57	18.38	18.38
Price to Free Cash Flow	—	—	—	—	55.81
Cash Flow to Net Income	0.88	1.02	1.45	1.51	—
Cash Paid for Taxes	24.4	59.3	30.8	57.7	—
Cash Paid for Interest	—	0.2	3.2	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.

« ‹ › »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%.