JSW Dulux cash flow

Latest FY26

Cash from operations: ₹93.3cr−70.0% on FY25
Capital spending: ₹1,199cr+1,025.7% on FY25
Free cash flow: −₹1,106cr₹204 cr in FY25
Cash from financing: −₹875cr−₹460 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.
	—	75.3	89.4	82.3	82.5
	—	−80.6	0.0	—	—
	—	12.1	9.8	12.5	14.1
	—	−10.6	−26.2	−35.6	−25.5
	—	0.3	0.0	—	—
	—	1.8	2.0	—	—
	—	−1,846	1.3	—	—
	—	0.0	−0.4	—	—
	—	3.2	−75.9	−20.1	57.2
	—	−34.3	−126	−26.9	−60.1
	—	−5.4	−0.2	—	—
	—	0.0	0.2	—	—
	—	−106	23.5	—	—
	—	0.0	5.2	—	—
	—	−182	9.5	—	57.3
	—	−19.6	−1.8	—	—
	—	0.0	−6.6	—	—
	—	−6.2	0.0	—	—
	—	0.0	1.8	—	—
	—	0.4	26.0	—	—
	—	0.0	−25.4	—	—
Cash from operating activities
	2,361	2,365	570	573	456
	—	−2,197	−93.5	—	—
	—	168	476	656	629
	—	74.8	165	171	142
	—	93.3	311	485	486
Cash from investing activities
	—	47.0	107	119	104
	—	1,152	0.0	0.0	0.0
	—	83.7	0.0	0.0	0.0
	—	11.5	29.9	33.7	25.3
	—	287	0.0	0.0	0.0
	—	2,195	199	−1.2	63.9
	—	804	123	−86.0	−15.1
Cash from financing activities
	—	18.0	17.8	0.0	0.0
	—	—	—	17.5	16.5
	—	10.4	9.1	12.0	12.0
	—	847	433	410	273
	—	−875	−460	−439	−302
	—	21.6	−25.8	−39.9	169
	—	0.0	0.3	−1.1	0.3
	—	21.6	−25.5	−41.0	170
	—	—	—	274	315
Reference items
	489	508	642	632	525
	13.6%	14.1%	15.7%	16.0%	13.8%
	−1,106	−1,106	204	367	382
	—	−1,116	195	355	—
	−₹242.80	−₹242.80	₹44.90	₹80.58	₹83.87
	—	0.05×	0.72×	1.14×	1.45×
	—	74.8	165	171	142
	—	10.4	9.1	12.0	12.0

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

alphave

JSWDULUX₹276.20

JSW Dulux Ltd.

· Consumer Goods

₹ CrorePeersASIANPAINT BERGEPAINT KANSAINER KAJARIACER EPACK IKIO BATAINDIA WHIRLPOOLMcap ₹1,258 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	82.5	82.3	89.4	75.3	—
+ Impairment Loss / (Reversal)	—	—	0.0	-80.6	—
+ Finance Costs	14.1	12.5	9.8	12.1	—
+ Interest Income	-25.5	-35.6	-26.2	-10.6	—
+ Fair Value (Gains) / Losses	—	—	0.0	0.3	—
+ Unrealised FX (Gain) / Loss	—	—	2.0	1.8	—
+ Other Non-cash Items	—	—	1.3	-1,845.9	—
+ Other — Cash Effects are Investing / Financing	—	—	-0.4	0.0	—
Changes in Working Capital
+ Inventories	57.2	-20.1	-75.9	3.2	—
+ Trade Receivables — Current	-60.1	-26.9	-125.8	-34.3	—
+ Other Financial Assets — Current	—	—	-0.2	-5.4	—
+ Other Financial Assets — Non-current	—	—	0.2	0.0	—
+ Other Current Assets	—	—	23.5	-106.3	—
+ Other Non-current Assets	—	—	5.2	0.0	—
+ Trade Payables — Current	57.3	—	9.5	-181.5	—
+ Other Financial Liabilities — Current	—	—	-1.8	-19.6	—
+ Other Financial Liabilities — Non-current	—	—	-6.6	0.0	—
+ Other Current Liabilities	—	—	0.0	-6.2	—
+ Other Non-current Liabilities	—	—	1.8	0.0	—
+ Provisions — Current	—	—	26.0	0.4	—
+ Provisions — Non-current	—	—	-25.4	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	455.9	573.0	569.9	2,365.5	2,360.6
+ Total Adjustments (incl. Working Capital)	—	—	-93.5	-2,197.3	—
Cash from Operations (pre-tax)	628.7	656.3	476.4	168.1	—
+ Income Taxes Paid	142.5	170.8	165.4	74.8	—
Cash from Operating Activities	486.2	485.5	311.0	93.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	104.3	118.5	106.5	47.0	—
+ Acq of Intangible Assets	0.0	0.0	0.0	1,152.0	—
+ Disp of Fixed Assets	0.0	0.0	0.0	83.7	—
+ Interest Received — Investing	25.3	33.7	29.9	11.5	—
+ Income Taxes (Paid) / Refund — Investing	0.0	0.0	0.0	287.5	—
+ Other Inflows / (Outflows) — Investing	63.9	-1.2	199.3	2,195.0	—
Cash from Investing Activities	-15.1	-86.0	122.7	803.7	—
Cash from Financing Activities
+ Payment of Lease Liabilities	0.0	0.0	17.8	18.0	—
+ Payment of Finance Lease Liabilities	16.5	17.5	—	—	—
+ Interest Paid	12.0	12.0	9.1	10.4	—
+ Dividends Paid	273.2	409.9	432.6	847.1	—
Cash from Financing Activities	-301.7	-439.3	-459.5	-875.4	—
Net Changes in Cash (pre-FX)	169.4	-39.9	-25.8	21.6	—
+ Effect of FX Rate Changes on Cash	0.3	-1.1	0.3	0.0	—
Net Changes in Cash	169.7	-41.0	-25.5	21.6	—
Closing Cash	314.7	273.7	—	—	—
Reference Items
EBITDA	525.1	632.0	641.5	508.5	489.1
EBITDA Margin %	13.81	15.95	15.68	14.13	13.62
Free Cash Flow (CFO − Capex)	382.0	366.9	204.5	-1,105.7	-1,105.7
Free Cash Flow to Equity	—	355.0	195.4	-1,116.1	—
Free Cash Flow per Basic Share	83.87	80.58	44.90	-242.80	-242.80
Cash Flow to Net Income	1.45	1.14	0.72	0.05	—
Cash Paid for Taxes	142.5	170.8	165.4	74.8	—
Cash Paid for Interest	12.0	12.0	9.1	10.4	—

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.

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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%.