Isgec Heavy Engineering cash flow

Latest FY26

Cash from operations: ₹750cr+590.5% on FY25
Capital spending: ₹168cr−30.2% on FY25
Free cash flow: ₹582cr−₹132 cr in FY25
Cash from financing: −₹341cr₹108 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.
	—	278	115	106	104
	—	3.4	0.1	0.0	0.2
	—	85.1	65.2	63.7	73.0
	—	−7.9	−6.6	−6.2	−5.3
	—	−2.1	−6.2	−8.8	−27.1
	—	−6.3	35.1	14.7	4.7
	—	0.0	0.0	−0.0	0.0
	—	0.0	−91.6	0.0	0.0
	—	−164	−81.4	−246	239
	—	83.0	65.9	−107	−640
	—	0.0	69.0	0.6	117
	—	−18.8	7.2	15.4	−26.4
	—	−0.9	−1.0	−0.9	−0.6
	—	163	−162	−256	74.9
	—	−4.2	22.4	−16.5	−7.2
	—	−15.0	−7.6	0.0	−7.2
	—	−54.3	−169	−76.1	55.1
	—	42.3	37.5	4.3	20.0
	—	−0.3	0.0	0.3	1.0
	—	269	−223	958	85.8
	—	−19.5	51.1	0.7	−67.7
	—	−47.0	12.0	67.4	−35.2
	—	31.7	−0.4	−24.7	22.3
Cash from operating activities
	470	308	477	354	290
	—	615	−269	488	−18.4
	—	923	209	842	272
	—	173	99.9	107	71.2
	—	750	109	735	200
Cash from investing activities
	—	165	240	239	142
	—	3.2	1.1	5.8	3.7
	—	3.8	5.9	3.2	1.5
	—	0.0	0.0	0.0	12.6
	—	0.0	0.0	−2.7	1.8
	—	2,108	2,537	911	0.0
	—	2,149	2,468	918	103
	—	8.0	7.0	7.1	5.0
	—	0.1	0.1	−6.8	−0.8
	—	−116	−297	−232	−51.3
Cash from financing activities
	—	0.0	2.5	0.0	0.0
	—	494	233	122	84.4
	—	657	−16.4	498	103
	—	8.5	7.1	0.0	0.0
	—	—	—	7.8	7.0
	—	129	104	78.0	55.1
	—	41.1	32.2	25.2	17.4
	—	−341	108	−487	−97.8
	—	293	−79.5	16.0	51.4
	—	−62.0	30.0	−41.5	15.4
	—	231	−49.5	−25.5	66.9
	—	—	—	143	168
Reference items
	621	555	579	498	455
	8.3%	8.2%	9.0%	8.0%	7.1%
	582	582	−132	490	55.2
	—	527	−180	−1.1	—
	₹79.14	₹79.14	−₹18.01	₹66.68	₹7.51
	11.60×	—	—	—	—
	—	4.87×	0.41×	2.88×	0.98×
	—	173	99.9	107	71.2
	—	129	104	78.0	55.1

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

alphave

ISGEC₹918.15

Isgec Heavy Engineering Limited

· Infrastructure

₹ CrorePeersCEIGALL GRINFRA JKIL PSPPROJECT VINDHYATEL INTERARCH PATELENG GKENERGYMcap ₹6,748 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	104.3	106.2	115.1	278.3	—
+ Impairment Loss / (Reversal)	0.2	0.0	0.1	3.4	—
+ Finance Costs	73.0	63.7	65.2	85.1	—
+ Interest Income	-5.3	-6.2	-6.6	-7.9	—
+ Unrealised FX (Gain) / Loss	-27.1	-8.8	-6.2	-2.1	—
+ Other Non-cash Items	4.7	14.7	35.1	-6.3	—
+ Other — Cash Effects are Investing / Financing	0.0	-0.0	0.0	0.0	—
+ Other Reconciling Items	0.0	0.0	-91.6	0.0	—
Changes in Working Capital
+ Inventories	239.4	-246.5	-81.4	-164.4	—
+ Trade Receivables — Current	-639.7	-107.4	65.9	83.0	—
+ Trade Receivables — Non-current	117.2	0.6	69.0	0.0	—
+ Other Financial Assets — Current	-26.4	15.4	7.2	-18.8	—
+ Other Financial Assets — Non-current	-0.6	-0.9	-1.0	-0.9	—
+ Other Current Assets	74.9	-255.6	-162.3	162.6	—
+ Other Non-current Assets	-7.2	-16.5	22.4	-4.2	—
+ Other Bank Balances	-7.2	0.0	-7.6	-15.0	—
+ Trade Payables — Current	55.1	-76.1	-168.9	-54.3	—
+ Other Financial Liabilities — Current	20.0	4.3	37.5	42.3	—
+ Other Financial Liabilities — Non-current	1.0	0.3	0.0	-0.3	—
+ Other Current Liabilities	85.8	957.8	-223.4	268.8	—
+ Other Non-current Liabilities	-67.7	0.7	51.1	-19.5	—
+ Provisions — Current	-35.2	67.4	12.0	-47.0	—
+ Provisions — Non-current	22.3	-24.7	-0.4	31.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	290.0	354.0	477.4	307.8	470.0
+ Total Adjustments (incl. Working Capital)	-18.4	488.4	-268.9	614.9	—
Cash from Operations (pre-tax)	271.6	842.4	208.5	922.7	—
+ Income Taxes Paid	71.2	107.2	99.9	172.7	—
Cash from Operating Activities	200.5	735.2	108.6	750.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	141.5	239.3	239.9	165.1	—
+ Acq of Intangible Assets	3.7	5.8	1.1	3.2	—
+ Disp of Fixed Assets	1.5	3.2	5.9	3.8	—
+ Acq of Intangibles under Development	12.6	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	1.8	-2.7	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	911.3	2,536.9	2,108.3	—
+ Sale of Investments (Equity / Debt)	102.6	917.7	2,468.4	2,149.2	—
+ Interest Received — Investing	5.0	7.1	7.0	8.0	—
+ Other Inflows / (Outflows) — Investing	-0.8	-6.8	0.1	0.1	—
Cash from Investing Activities	-51.3	-232.4	-296.5	-115.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	2.5	0.0	—
+ Proceeds from Borrowings	84.4	122.2	232.8	494.4	—
+ Repayment of Borrowings	102.7	498.1	-16.4	656.9	—
+ Payment of Lease Liabilities	0.0	0.0	7.1	8.5	—
+ Payment of Finance Lease Liabilities	7.0	7.8	—	—	—
+ Interest Paid	55.1	78.0	103.9	129.2	—
+ Dividends Paid	17.4	25.2	32.2	41.1	—
Cash from Financing Activities	-97.8	-486.8	108.4	-341.3	—
Net Changes in Cash (pre-FX)	51.4	16.0	-79.5	293.1	—
+ Effect of FX Rate Changes on Cash	15.4	-41.5	30.0	-62.0	—
Net Changes in Cash	66.9	-25.5	-49.5	231.1	—
Closing Cash	168.2	142.6	—	—	—
Reference Items
EBITDA	454.6	498.1	579.4	554.7	620.5
EBITDA Margin %	7.10	8.01	9.02	8.17	8.32
Free Cash Flow (CFO − Capex)	55.2	490.1	-132.3	581.7	581.7
Free Cash Flow to Equity	—	-1.1	-180.3	527.4	—
Free Cash Flow per Basic Share	7.51	66.68	-18.01	79.14	79.14
Price to Free Cash Flow	—	—	—	—	11.60
Cash Flow to Net Income	0.98	2.88	0.41	4.87	—
Cash Paid for Taxes	71.2	107.2	99.9	172.7	—
Cash Paid for Interest	55.1	78.0	103.9	129.2	—

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%.