Kec International cash flow

Latest FY26

Cash from operations: −₹414cr₹419 cr in FY25
Capital spending: ₹329cr+80.1% on FY25
Free cash flow: −₹743cr₹237 cr in FY25
Cash from financing: ₹511cr−₹32.1 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.
	—	197	184	185	161
	—	664	664	655	539
	—	−41.7	−55.2	−45.3	−23.2
	—	0.0	0.0	47.0	0.0
	—	168	266	84.8	19.4
	—	0.0	0.0	0.0	−3.5
	—	−355	72.9	−71.9	−46.8
	—	−1,150	−993	145	−1,603
	—	−1,026	−2,041	−1,586	−218
	—	9.6	−6.6	0.0	0.0
	—	98.9	−222	−133	27.7
	—	0.0	0.0	−9.3	−18.9
	—	−370	1,244	808	1,515
	—	750	395	−30.0	216
	—	103	27.2	83.9	88.1
	—	50.8	−0.7	2.8	14.0
Cash from operating activities
	721	789	727	426	161
	—	−903	−466	137	667
	—	−113	262	563	828
	—	301	−157	252	222
	—	−414	419	311	607
Cash from investing activities
	—	329	183	237	178
	—	51.5	103	3.8	15.7
	—	25.8	53.2	15.7	23.4
	—	9.6	−42.1	−5.2	4.0
	—	−242	−67.9	−223	−135
Cash from financing activities
	—	0.0	851	0.0	0.0
	—	1,514	266	1,022	382
	—	152	353	414	115
	—	69.3	60.4	26.6	30.1
	—	636	633	649	534
	—	146	103	77.2	103
	—	511	−32.1	−145	−401
	—	−145	319	−56.6	70.7
	—	10.5	21.5	−19.5	2.8
	—	−134	341	−76.1	73.5
	—	—	546	205	281
Reference items
	1,599	1,659	1,504	1,215	830
	6.8%	7.1%	6.9%	6.1%	4.8%
	−743	−743	237	73.8	428
	—	−233	−424	26.6	—
	−₹27.90	−₹27.90	₹8.89	₹2.77	₹16.09
	—	−0.68×	0.73×	0.90×	3.45×
	—	301	−157	252	222
	—	636	633	649	534

Open the chart

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

alphave

KEC₹343.85

Kec International Ltd.

· Infrastructure

₹ CrorePeersKPIL NBCC AFCONS IRCON CEMPRO ENGINERSIN IRB NCCMcap ₹9,153 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 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	161.5	185.4	183.7	197.4	—
+ Finance Costs	538.6	655.1	663.6	663.6	—
+ Interest Income	-23.2	-45.3	-55.2	-41.7	—
+ Unrealised FX (Gain) / Loss	0.0	47.0	0.0	0.0	—
+ Other Non-cash Items	19.4	84.8	266.1	168.1	—
+ Other — Cash Effects are Investing / Financing	-3.5	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-46.8	-71.9	72.9	-355.0	—
+ Trade Receivables — Current	-1,602.5	144.7	-992.6	-1,150.4	—
+ Other Financial Assets — Current	-218.5	-1,585.7	-2,041.1	-1,026.4	—
+ Other Financial Assets — Non-current	0.0	0.0	-6.6	9.6	—
+ Other Current Assets	27.7	-132.7	-222.0	98.9	—
+ Other Non-current Assets	-18.9	-9.3	0.0	0.0	—
+ Trade Payables — Current	1,515.3	808.0	1,244.0	-370.4	—
+ Other Financial Liabilities — Current	216.1	-30.0	395.2	750.3	—
+ Other Current Liabilities	88.1	83.9	27.2	102.7	—
+ Provisions — Current	14.0	2.8	-0.7	50.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	161.0	426.5	727.5	789.1	720.5
+ Total Adjustments (incl. Working Capital)	667.3	136.8	-465.6	-902.6	—
Cash from Operations (pre-tax)	828.3	563.3	261.9	-113.4	—
+ Income Taxes Paid	221.5	252.1	-157.2	300.7	—
Cash from Operating Activities	606.7	311.1	419.1	-414.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	178.3	237.4	182.5	328.7	—
+ Disp of Fixed Assets	15.7	3.8	103.5	51.5	—
+ Interest Received — Investing	23.4	15.7	53.2	25.8	—
+ Other Inflows / (Outflows) — Investing	4.0	-5.2	-42.1	9.6	—
Cash from Investing Activities	-135.2	-223.1	-67.9	-241.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	851.1	0.0	—
+ Proceeds from Borrowings	381.5	1,022.1	266.2	1,514.2	—
+ Repayment of Borrowings	115.0	414.1	353.3	151.9	—
+ Payment of Lease Liabilities	30.1	26.6	60.4	69.3	—
+ Interest Paid	534.4	648.9	632.8	635.7	—
+ Dividends Paid	102.9	77.2	102.8	146.4	—
Cash from Financing Activities	-400.8	-144.7	-32.1	511.0	—
Net Changes in Cash (pre-FX)	70.7	-56.6	319.1	-145.0	—
+ Effect of FX Rate Changes on Cash	2.8	-19.5	21.5	10.5	—
Net Changes in Cash	73.5	-76.1	340.6	-134.4	—
Closing Cash	281.2	205.1	545.7	—	—
Reference Items
EBITDA	829.7	1,214.6	1,503.9	1,658.6	1,599.3
EBITDA Margin %	4.80	6.10	6.88	7.06	6.80
Free Cash Flow (CFO − Capex)	428.4	73.8	236.5	-742.8	-742.8
Free Cash Flow to Equity	—	26.6	-423.8	-232.8	—
Free Cash Flow per Basic Share	16.09	2.77	8.89	-27.90	-27.90
Cash Flow to Net Income	3.45	0.90	0.73	-0.68	—
Cash Paid for Taxes	221.5	252.1	-157.2	300.7	—
Cash Paid for Interest	534.4	648.9	632.8	635.7	—

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.

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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%.