KEI Industries cash flow

Latest FY26

Cash from operations: ₹840cr−₹32.2 cr in FY25
Capital spending: ₹1,132cr+63.8% on FY25
Free cash flow: −₹292cr−₹724 cr in FY25
Cash from financing: −₹98.2cr₹1,919 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.
	—	91.2	70.1	61.4	57.1
	—	−0.1	−0.1	−0.0	−0.0
	—	2.7	4.8	10.3	1.5
	—	−12.4	0.8	−0.2	−6.1
	—	63.7	0.2	5.6	8.3
	—	0.0	0.0	0.1	−3.3
	—	−670	−388	−240	−22.9
	—	−58.4	−278	−134	10.4
	—	5.5	−28.0	−9.0	−3.4
	—	−0.7	−0.4	−0.4	−0.0
	—	−0.6	0.0	0.0	0.0
	—	−234	0.0	0.0	0.0
	—	529	−229	260	−14.5
	—	106	0.0	0.0	0.0
	—	−9.5	0.0	0.0	0.0
	—	4.6	92.7	55.4	−1.5
	—	86.4	7.1	−0.5	−3.0
	—	0.0	0.0	0.6	3.6
	—	0.0	0.0	2.4	5.2
Cash from operating activities
	1,414	1,232	937	781	642
	—	−97.3	−747	11.3	31.4
	—	1,135	190	792	673
	—	−90.4	−51.9	−21.3	−16.7
	—	−64.1	−55.6	−43.9	−34.7
	—	−0.0	−0.0	−0.0	−0.0
	—	269	226	205	178
	—	840	−32.2	611	514
Cash from investing activities
	—	1,132	691	255	75.8
	—	0.4	0.1	0.6	0.5
	—	1.5	3.4	0.5	0.3
	—	121	6.4	145	21.7
	—	0.0	0.0	0.0	1.3
	—	0.0	0.0	0.3	2.2
	—	0.0	0.0	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	107	26.4	20.9	15.5
	—	796	−833	26.3	−55.9
	—	−350	−1,501	−353	−137
Cash from financing activities
	—	0.0	2,000	0.0	0.0
	—	1.1	1.1	1.1	2.0
	—	36.9	195	37.6	29.5
	—	29.0	151	38.5	226
	—	64.1	55.6	43.9	34.7
	—	43.0	41.8	28.1	27.1
	—	0.0	−29.2	0.0	0.0
	—	−98.2	1,919	−71.8	−256
	—	392	386	186	121
	—	0.0	0.1	0.0	0.0
	—	392	386	186	121
	—	—	—	666	480
Reference items
	1,474	1,229	991	838	706
	11.0%	10.5%	10.2%	10.3%	10.2%
	−292	−292	−724	355	438
	—	−348	−735	310	—
	−₹30.57	−₹30.57	−₹75.68	₹37.08	₹45.78
	—	0.91×	−0.05×	1.05×	1.08×
	—	269	226	205	178
	—	64.1	55.6	43.9	34.7

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

alphave

KEI₹3,830.80

KEI Industries Ltd.

· Capital Goods & Defence

₹ CrorePeersPOLYCAB RRKABEL HAVELLS PREMIERENE COCHINSHIP BDL ASTRAL WAAREEENERMcap ₹36,622 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	57.1	61.4	70.1	91.2	—
+ Fair Value (Gains) / Losses	-0.0	-0.0	-0.1	-0.1	—
+ Share-based Payments	1.5	10.3	4.8	2.7	—
+ Unrealised FX (Gain) / Loss	-6.1	-0.2	0.8	-12.4	—
+ Other Non-cash Items	8.3	5.6	0.2	63.7	—
+ Other Reconciling Items	-3.3	0.1	0.0	0.0	—
Changes in Working Capital
+ Inventories	-22.9	-240.5	-387.6	-670.5	—
+ Trade Receivables — Current	10.4	-133.6	-277.9	-58.4	—
+ Other Financial Assets — Current	-3.4	-9.0	-28.0	5.5	—
+ Other Financial Assets — Non-current	-0.0	-0.4	-0.4	-0.7	—
+ Other Current Assets	0.0	0.0	0.0	-0.6	—
+ Other Non-current Assets	0.0	0.0	0.0	-234.2	—
+ Trade Payables — Current	-14.5	259.8	-228.8	529.4	—
+ Other Financial Liabilities — Current	0.0	0.0	0.0	105.7	—
+ Other Financial Liabilities — Non-current	0.0	0.0	0.0	-9.5	—
+ Other Current Liabilities	-1.5	55.4	92.7	4.6	—
+ Other Non-current Liabilities	-3.0	-0.5	7.1	86.4	—
+ Provisions — Current	3.6	0.6	0.0	0.0	—
+ Provisions — Non-current	5.2	2.4	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	642.0	781.1	937.0	1,232.3	1,414.2
+ Total Adjustments (incl. Working Capital)	31.4	11.3	-746.8	-97.3	—
Cash from Operations (pre-tax)	673.4	792.4	190.2	1,135.0	—
+ Interest Received — Operating	-16.7	-21.3	-51.9	-90.4	—
+ Interest Paid — Operating	-34.7	-43.9	-55.6	-64.1	—
+ Dividends Received — Operating	-0.0	-0.0	-0.0	-0.0	—
+ Income Taxes Paid	177.6	204.5	226.1	268.8	—
Cash from Operating Activities	513.9	610.5	-32.2	840.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	75.8	255.4	691.2	1,131.8	—
+ Acq of Intangible Assets	0.5	0.6	0.1	0.4	—
+ Disp of Fixed Assets	0.3	0.5	3.4	1.5	—
+ Acq of Other Long-term Assets	21.7	144.5	6.4	121.4	—
+ Purchase of Investments (Equity / Debt)	1.3	0.0	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	2.2	0.3	0.0	0.0	—
+ Share of Profits — Partnership Firms / LLPs	0.0	0.0	0.0	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	15.5	20.9	26.4	107.0	—
+ Other Inflows / (Outflows) — Investing	-55.9	26.3	-832.9	795.6	—
Cash from Investing Activities	-137.1	-352.6	-1,500.7	-349.5	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	2,000.0	0.0	—
+ Proceeds from Exercise of Stock Options	2.0	1.1	1.1	1.1	—
+ Proceeds from Borrowings	29.5	37.6	195.1	36.9	—
+ Repayment of Borrowings	225.6	38.5	151.0	29.0	—
+ Interest Paid	34.7	43.9	55.6	64.1	—
+ Dividends Paid	27.1	28.1	41.8	43.0	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	-29.2	0.0	—
Cash from Financing Activities	-255.9	-71.8	1,918.5	-98.2	—
Net Changes in Cash (pre-FX)	120.8	186.1	385.6	392.3	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	0.1	0.0	—
Net Changes in Cash	120.9	186.2	385.7	392.3	—
Closing Cash	479.9	666.1	—	—	—
Reference Items
EBITDA	706.2	837.5	991.0	1,229.0	1,474.1
EBITDA Margin %	10.22	10.33	10.18	10.46	11.01
Free Cash Flow (CFO − Capex)	437.6	354.5	-723.5	-292.3	-292.3
Free Cash Flow to Equity	—	309.6	-735.1	-348.5	—
Free Cash Flow per Basic Share	45.78	37.08	-75.68	-30.57	-30.57
Cash Flow to Net Income	1.08	1.05	-0.05	0.91	—
Cash Paid for Taxes	177.6	204.5	226.1	268.8	—
Cash Paid for Interest	34.7	43.9	55.6	64.1	—

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%.