Jindal Stainless cash flow

Latest FY26

Cash from operations: ₹3,395cr−28.0% on FY25
Capital spending: ₹2,658cr+41.0% on FY25
Free cash flow: ₹737cr−74.0% on FY25
Cash from financing: −₹112cr−₹1,882 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.
	—	1,060	956	879	724
	—	568	612	554	325
	—	−264	−223	−89.0	−41.7
	—	−0.0	0.0	0.0	0.0
	—	−3.4	−2.5	−101	0.0
	—	46.7	39.5	9.2	0.0
	—	87.2	−70.0	32.4	−15.6
	—	16.7	−43.7	53.1	0.0
	—	62.0	−7.2	4.0	−6.5
	—	6.1	−14.1	−23.1	−110
	—	−17.4	0.0	0.0	−2.0
	—	201	−1,684	462	−1,609
	—	−5.9	−253	794	201
	—	−35.5	74.6	201	−328
	—	−4.7	−46.3	−65.0	−17.6
	—	−53.3	25.8	354	−393
	—	−4.7	−7.7	−36.5	15.9
	—	−1,832	2,297	−565	2,154
	—	323	157	−349	88.3
	—	−20.7	0.6	−0.8	4.1
	—	59.2	124	−4.2	31.6
	—	−68.8	−28.9	−39.6	53.1
	—	−0.5	1.5	3.8	−4.5
	—	43.7	2.6	−4.4	5.6
Cash from operating activities
	4,429	4,242	3,339	3,592	2,774
	—	129	1,998	1,963	1,075
	—	4,371	5,337	5,555	3,849
	—	976	618	737	754
	—	3,395	4,718	4,818	3,096
Cash from investing activities
	—	2,658	1,885	1,475	1,656
	—	18.5	56.8	23.7	7.9
	—	8.9	446	0.0	0.0
	—	0.0	−154	0.0	71.9
	—	109	799	1,527	0.0
	—	0.0	158	36.5	0.0
	—	0.0	0.0	245	201
	—	21.9	0.0	−0.0	0.0
	—	275	142	83.9	19.7
	—	−1,045	−513	−237	−724
	—	−3,506	−3,439	−3,340	−2,482
Cash from financing activities
	—	4.2	2.9	0.0	0.0
	—	31.6	0.0	0.0	0.0
	—	1,661	653	876	1,221
	—	1,023	1,671	862	1,299
	—	31.5	27.7	0.0	12.3
	—	—	—	24.2	0.0
	—	510	595	533	296
	—	245	245	286	0.0
	—	−112	−1,882	−829	−386
	—	−223	−603	649	228
	—	0.2	0.5	0.2	1.2
	—	−223	−602	649	229
	—	—	633	1,235	470
Reference items
	5,686	5,577	4,623	4,757	3,696
	12.4%	13.0%	11.8%	12.3%	10.4%
	737	737	2,833	3,343	1,440
	—	1,271	2,587	4,887	—
	₹8.94	₹8.94	₹34.38	₹40.58	₹17.48
	76.31×	—	—	—	—
	—	1.07×	1.89×	1.79×	1.49×
	—	976	618	737	754
	—	510	595	533	296

Open the chart

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

alphave

JSL₹682.45

Jindal Stainless Ltd.

· Metal & Mining

₹ CrorePeersTATASTEEL SAIL MIDHANI LLOYDSME NATIONALUM NMDC VEDL JINDALSTELMcap ₹56,230 Cr

View

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	723.8	878.8	956.1	1,060.3	—
+ Finance Costs	324.6	554.4	611.6	567.9	—
+ Interest Income	-41.7	-89.0	-222.8	-264.0	—
+ Dividend Income	0.0	0.0	0.0	-0.0	—
+ Fair Value (Gains) / Losses	0.0	-100.8	-2.5	-3.4	—
+ Share-based Payments	0.0	9.2	39.5	46.7	—
+ Unrealised FX (Gain) / Loss	-15.6	32.4	-70.0	87.2	—
+ Undistributed Profits of Associates	0.0	53.1	-43.7	16.7	—
+ Other Non-cash Items	-6.5	4.0	-7.2	62.0	—
+ Other — Cash Effects are Investing / Financing	-110.0	-23.1	-14.1	6.1	—
+ Other Reconciling Items	-2.0	0.0	0.0	-17.4	—
Changes in Working Capital
+ Inventories	-1,608.5	462.0	-1,683.8	200.7	—
+ Trade Receivables — Current	201.4	793.6	-253.2	-5.9	—
+ Other Financial Assets — Current	-327.9	201.3	74.6	-35.5	—
+ Other Financial Assets — Non-current	-17.6	-65.0	-46.3	-4.7	—
+ Other Current Assets	-392.7	353.8	25.8	-53.3	—
+ Other Non-current Assets	15.9	-36.5	-7.7	-4.7	—
+ Trade Payables — Current	2,154.0	-565.1	2,296.9	-1,831.9	—
+ Other Financial Liabilities — Current	88.3	-348.8	157.4	323.2	—
+ Other Financial Liabilities — Non-current	4.1	-0.8	0.6	-20.7	—
+ Other Current Liabilities	31.6	-4.2	123.9	59.2	—
+ Other Non-current Liabilities	53.1	-39.6	-28.9	-68.8	—
+ Provisions — Current	-4.5	3.8	1.5	-0.5	—
+ Provisions — Non-current	5.6	-4.4	2.6	43.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	2,774.0	3,592.5	3,339.0	4,242.1	4,429.4
+ Total Adjustments (incl. Working Capital)	1,075.3	1,962.9	1,997.8	129.4	—
Cash from Operations (pre-tax)	3,849.3	5,555.4	5,336.8	4,371.5	—
+ Income Taxes Paid	753.7	737.3	618.4	976.5	—
Cash from Operating Activities	3,095.6	4,818.1	4,718.4	3,395.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,655.7	1,474.9	1,885.5	2,658.2	—
+ Disp of Fixed Assets	7.9	23.7	56.8	18.5	—
+ Acq of Other Long-term Assets	0.0	0.0	445.6	8.9	—
+ Disp of Other Long-term Assets	71.9	0.0	-153.7	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	1,527.2	798.9	108.6	—
+ Disp of Subsidiaries / Businesses (net)	0.0	36.5	158.4	0.0	—
+ Loans & Advances Made	201.2	245.2	0.0	0.0	—
+ Dividends Received — Investing	0.0	-0.0	0.0	21.9	—
+ Interest Received — Investing	19.7	83.9	142.4	274.7	—
+ Other Inflows / (Outflows) — Investing	-724.3	-237.0	-512.6	-1,045.0	—
Cash from Investing Activities	-2,481.7	-3,340.2	-3,438.7	-3,505.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	2.9	4.2	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	0.0	31.6	—
+ Proceeds from Borrowings	1,221.0	875.6	653.4	1,661.2	—
+ Repayment of Borrowings	1,298.9	862.1	1,671.2	1,023.3	—
+ Payment of Lease Liabilities	12.3	0.0	27.7	31.5	—
+ Payment of Finance Lease Liabilities	0.0	24.2	—	—	—
+ Interest Paid	295.9	533.0	595.0	509.7	—
+ Dividends Paid	0.0	285.7	244.9	244.9	—
Cash from Financing Activities	-386.2	-829.4	-1,882.4	-112.2	—
Net Changes in Cash (pre-FX)	227.7	648.6	-602.7	-222.9	—
+ Effect of FX Rate Changes on Cash	1.2	0.2	0.5	0.2	—
Net Changes in Cash	228.9	648.9	-602.2	-222.6	—
Closing Cash	469.9	1,235.4	632.5	—	—
Reference Items
EBITDA	3,696.1	4,757.4	4,622.9	5,577.2	5,685.5
EBITDA Margin %	10.35	12.34	11.76	12.98	12.36
Free Cash Flow (CFO − Capex)	1,439.9	3,343.2	2,832.9	736.8	736.8
Free Cash Flow to Equity	—	4,887.0	2,587.5	1,271.0	—
Free Cash Flow per Basic Share	17.48	40.58	34.38	8.94	8.94
Price to Free Cash Flow	—	—	—	—	76.31
Cash Flow to Net Income	1.49	1.79	1.89	1.07	—
Cash Paid for Taxes	753.7	737.3	618.4	976.5	—
Cash Paid for Interest	295.9	533.0	595.0	509.7	—

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%.