Kalyani Steels cash flow

Latest FY26

Cash from operations: ₹141cr−63.1% on FY25
Capital spending: ₹61.4cr+144.7% on FY25
Free cash flow: ₹79.3cr−77.8% on FY25
Cash from financing: −₹42.1cr−₹252 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024

Adjustments to reconcile profit — non-cash items
	—	57.0	63.4	60.8
	—	8.6	18.6	25.8
	—	−57.8	−53.1	−44.9
	—	0.0	−0.2	−0.1
	—	2.1	0.9	2.0
	—	−2.0	−1.8	−2.3
	—	−0.3	0.0	0.0
Changes in working capital
	—	13.8	−12.2	121
	—	−65.0	−10.5	−16.1
	—	−4.3	0.0	0.0
	—	−1.6	0.0	0.0
	—	−35.0	0.0	0.0
	—	−0.2	21.9	−43.9
	—	−36.1	97.1	−55.7
	—	1.1	2.9	1.7
	—	−4.5	−8.3	−1.2
	—	0.0	0.0	−1.3
	—	2.1	1.4	−0.1
	—	2.2	0.0	0.0
Cash from operating activities
	381	348	346	333
	—	−120	120	46.2
	—	228	466	379
	—	87.4	84.5	77.8
	—	141	382	302
Cash from investing activities
	—	61.4	25.1	560
	—	0.5	0.0	0.0
	—	0.0	154	−189
	—	0.0	0.2	0.0
	—	8.1	0.0	0.0
	—	−0.2	0.0	0.0
	—	0.0	0.0	37.6
	—	57.4	43.7	50.0
	—	−93.5	0.0	0.0
	—	−105	−135	−283
Cash from financing activities
	—	1,545	−159	67.5
	—	1,508	0.0	0.0
	—	35.9	49.7	33.5
	—	43.7	43.7	43.7
	—	−42.1	−252	−9.7
	—	−6.4	−5.1	8.8
	—	−6.4	−5.1	8.8
	—	—	—	19.4
Reference items
	389	361	373	371
	20.4%	19.6%	18.8%	18.9%
	79.3	79.3	357	−258
	—	80.9	148	—
	₹18.14	₹18.14	₹81.58	−₹59.09
	46.95×	—	—	—
	—	0.55×	1.49×	1.21×
	—	87.4	84.5	77.8
	—	35.9	49.7	33.5

Open the chart

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

alphave

KSL₹851.65

Kalyani Steels Limited

· Capital Goods & Defence

₹ CrorePeersKIRLOSIND SAMBHV JTLIND GOODLUCK VENUSPIPES VSSL BANSALWIRE MANINDSMcap ₹3,724 Cr

View

In ₹ Crore except Per Share 12 Months Ending	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	60.8	63.4	57.0	—
+ Finance Costs	25.8	18.6	8.6	—
+ Interest Income	-44.9	-53.1	-57.8	—
+ Fair Value (Gains) / Losses	-0.1	-0.2	0.0	—
+ Unrealised FX (Gain) / Loss	2.0	0.9	2.1	—
+ Other — Cash Effects are Investing / Financing	-2.3	-1.8	-2.0	—
+ Other Reconciling Items	0.0	0.0	-0.3	—
Changes in Working Capital
+ Inventories	121.5	-12.2	13.8	—
+ Trade Receivables — Current	-16.1	-10.5	-65.0	—
+ Other Financial Assets — Current	0.0	0.0	-4.3	—
+ Other Financial Assets — Non-current	0.0	0.0	-1.6	—
+ Other Current Assets	0.0	0.0	-35.0	—
+ Other Non-current Assets	-43.9	21.9	-0.2	—
+ Trade Payables — Current	-55.7	97.1	-36.1	—
+ Other Financial Liabilities — Current	1.7	2.9	1.1	—
+ Other Current Liabilities	-1.2	-8.3	-4.5	—
+ Other Non-current Liabilities	-1.3	0.0	0.0	—
+ Provisions — Current	-0.1	1.4	2.1	—
+ Provisions — Non-current	0.0	0.0	2.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	333.1	346.3	347.8	381.2
+ Total Adjustments (incl. Working Capital)	46.2	120.0	-119.6	—
Cash from Operations (pre-tax)	379.3	466.3	228.2	—
+ Income Taxes Paid	77.8	84.5	87.4	—
Cash from Operating Activities	301.5	381.8	140.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	559.9	25.1	61.4	—
+ Disp of Fixed Assets	0.0	0.0	0.5	—
+ Acq of Investment Property	-189.3	153.7	0.0	—
+ Disp of Investment Property	0.0	0.2	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	8.1	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	-0.2	—
+ Loans & Advances Repaid	37.6	0.0	0.0	—
+ Interest Received — Investing	50.0	43.7	57.4	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	-93.5	—
Cash from Investing Activities	-283.0	-135.0	-105.1	—
Cash from Financing Activities
+ Proceeds from Borrowings	67.5	-158.6	1,545.0	—
+ Repayment of Borrowings	0.0	0.0	1,507.6	—
+ Interest Paid	33.5	49.7	35.9	—
+ Dividends Paid	43.7	43.7	43.7	—
Cash from Financing Activities	-9.7	-251.9	-42.1	—
Net Changes in Cash (pre-FX)	8.8	-5.1	-6.4	—
Net Changes in Cash	8.8	-5.1	-6.4	—
Closing Cash	19.4	—	—	—
Reference Items
EBITDA	371.0	373.0	361.3	389.1
EBITDA Margin %	18.93	18.82	19.58	20.42
Free Cash Flow (CFO − Capex)	-258.4	356.7	79.3	79.3
Free Cash Flow to Equity	—	148.4	80.9	—
Free Cash Flow per Basic Share	-59.09	81.58	18.14	18.14
Price to Free Cash Flow	—	—	—	46.95
Cash Flow to Net Income	1.21	1.49	0.55	—
Cash Paid for Taxes	77.8	84.5	87.4	—
Cash Paid for Interest	33.5	49.7	35.9	—

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%.