Jindal Saw cash flow

Latest FY26

Cash from operations: ₹1,771cr−24.1% on FY25
Capital spending: ₹1,076cr+4.3% on FY25
Free cash flow: ₹695cr−46.7% on FY25
Cash from financing: −₹1,073cr−₹1,524 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.
	—	630	602	568	471
	—	619	624	699	638
	—	−23.2	−42.3	−83.4	−95.9
	—	−3.5	−0.6	−0.2	0.0
	—	−0.1	0.1	−1.0	−0.0
	—	2.0	6.2	45.4	0.0
	—	−39.6	19.6	−7.2	0.3
	—	−19.3	−26.3	0.8	0.0
	—	−8.8	57.9	−15.1	−9.3
	—	−278	−5.9	−696	−312
	—	722	−206	−333	−1,237
	—	0.3	4.0	−0.1	2.7
	—	−235	388	537	−64.1
	—	137	−457	−6.9	1,684
	—	−561	−391	−34.4	−14.1
	—	9.9	0.0	0.0	5.4
Cash from operating activities
	685	1,056	2,323	2,216	710
	—	992	624	672	1,068
	—	2,048	2,947	2,889	1,779
	—	277	612	296	161
	—	1,771	2,335	2,593	1,617
Cash from investing activities
	—	1,076	1,031	863	323
	—	10.8	20.5	11.4	86.7
	—	43.2	29.3	55.3	0.0
	—	26.5	34.3	55.0	0.0
	—	0.0	0.0	1,094	0.0
	—	0.0	0.1	0.0	0.0
	—	0.0	29.3	16.6	40.5
	—	2.2	60.0	3.4	163
	—	3.5	0.6	0.2	0.0
	—	18.9	38.0	41.5	58.2
	—	102	37.6	0.0	−15.6
	—	−955	−899	−1,917	−70.2
Cash from financing activities
	—	0.0	7.5	1,273	−714
	—	871	1,377	496	507
	—	32.2	29.7	24.7	61.8
	—	529	618	665	622
	—	127	127	100	63.1
	—	486	620	0.0	0.0
	—	−1,073	−1,524	−12.4	−1,968
	—	−257	−87.2	663	−421
	—	8.6	1.6	0.4	2.2
	—	−249	−85.7	664	−419
	—	—	—	741	77.6
Reference items
	1,751	2,215	3,429	3,321	1,665
	9.5%	12.4%	16.5%	15.9%	9.3%
	695	695	1,304	1,730	1,295
	—	−2.3	−216	1,905	—
	₹10.87	₹10.87	₹20.39	₹27.05	₹20.25
	21.85×	—	—	—	—
	—	1.91×	1.60×	1.63×	3.65×
	—	277	612	296	161
	—	529	618	665	622

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

alphave

JINDALSAW₹237.60

Jindal Saw Ltd.

· Capital Goods & Defence

₹ CrorePeersWELCORP RATNAMANI MAHSEAMLES JWL KIRLOSENG HEG GRAPHITE GALLANTTMcap ₹15,195 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	470.8	568.0	602.1	630.5	—
+ Finance Costs	637.6	699.2	623.6	619.4	—
+ Interest Income	-95.9	-83.4	-42.3	-23.2	—
+ Dividend Income	0.0	-0.2	-0.6	-3.5	—
+ Fair Value (Gains) / Losses	-0.0	-1.0	0.1	-0.1	—
+ Share-based Payments	0.0	45.4	6.2	2.0	—
+ Unrealised FX (Gain) / Loss	0.3	-7.2	19.6	-39.6	—
+ Undistributed Profits of Associates	0.0	0.8	-26.3	-19.3	—
+ Other Reconciling Items	-9.3	-15.1	57.9	-8.8	—
Changes in Working Capital
+ Inventories	-312.1	-695.6	-5.9	-277.7	—
+ Trade Receivables — Current	-1,237.1	-333.0	-205.8	722.4	—
+ Trade Receivables — Non-current	2.7	-0.1	4.0	0.3	—
+ Other Current Assets	-64.1	536.9	387.9	-235.0	—
+ Trade Payables — Current	1,684.1	-6.9	-457.1	136.5	—
+ Other Current Liabilities	-14.1	-34.4	-391.3	-560.6	—
+ Provisions — Current	5.4	0.0	0.0	9.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	710.5	2,216.5	2,322.7	1,056.4	685.4
+ Total Adjustments (incl. Working Capital)	1,068.2	672.1	624.5	991.8	—
Cash from Operations (pre-tax)	1,778.7	2,888.6	2,947.2	2,048.1	—
+ Income Taxes Paid	161.3	295.7	612.0	276.8	—
Cash from Operating Activities	1,617.4	2,592.9	2,335.2	1,771.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	322.5	863.0	1,031.3	1,076.0	—
+ Disp of Fixed Assets	86.7	11.4	20.5	10.8	—
+ Acq of Other Long-term Assets	0.0	55.3	29.3	43.2	—
+ Disp of Other Long-term Assets	0.0	55.0	34.3	26.5	—
+ Acq of Subsidiaries / Businesses (net)	0.0	1,094.0	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	0.1	0.0	—
+ Loans & Advances Made	40.5	16.6	29.3	0.0	—
+ Loans & Advances Repaid	163.4	3.4	60.0	2.2	—
+ Dividends Received — Investing	0.0	0.2	0.6	3.5	—
+ Interest Received — Investing	58.2	41.5	38.0	18.9	—
+ Other Inflows / (Outflows) — Investing	-15.6	0.0	37.6	101.9	—
Cash from Investing Activities	-70.2	-1,917.4	-898.8	-955.4	—
Cash from Financing Activities
+ Proceeds from Borrowings	-714.5	1,272.9	7.5	0.0	—
+ Repayment of Borrowings	507.1	495.8	1,376.9	870.6	—
+ Payment of Lease Liabilities	61.8	24.7	29.7	32.2	—
+ Interest Paid	622.0	664.7	617.6	529.3	—
+ Dividends Paid	63.1	100.1	127.3	127.1	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	620.4	485.9	—
Cash from Financing Activities	-1,968.5	-12.4	-1,523.6	-1,073.3	—
Net Changes in Cash (pre-FX)	-421.2	663.1	-87.2	-257.3	—
+ Effect of FX Rate Changes on Cash	2.2	0.4	1.6	8.6	—
Net Changes in Cash	-419.1	663.5	-85.7	-248.7	—
Closing Cash	77.6	741.1	—	—	—
Reference Items
EBITDA	1,665.3	3,321.0	3,429.3	2,214.7	1,751.2
EBITDA Margin %	9.32	15.85	16.46	12.38	9.47
Free Cash Flow (CFO − Capex)	1,294.9	1,729.9	1,303.8	695.4	695.4
Free Cash Flow to Equity	—	1,904.5	-215.8	-2.3	—
Free Cash Flow per Basic Share	20.25	27.05	20.39	10.87	10.87
Price to Free Cash Flow	—	—	—	—	21.85
Cash Flow to Net Income	3.65	1.63	1.60	1.91	—
Cash Paid for Taxes	161.3	295.7	612.0	276.8	—
Cash Paid for Interest	622.0	664.7	617.6	529.3	—

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%.