Maharashtra Seamless cash flow

Latest FY26

Cash from operations: ₹933cr+53.1% on FY25
Capital spending: ₹170cr+631.0% on FY25
Free cash flow: ₹764cr+30.2% on FY25
Cash from financing: −₹123cr−₹137 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.
	—	110	101	−110	138
	—	2.6	2.8	8.5	38.5
	—	−42.5	−69.4	40.3	−48.0
	—	−0.0	−0.1	0.1	−0.2
	—	71.8	−83.9	93.8	−11.4
	—	−377	−0.6	0.0	66.8
	—	0.3	−0.0	−75.1	−0.5
	—	203	235	−70.2	−70.8
	—	75.3	−36.8	113	62.9
	—	0.0	0.0	0.0	−61.1
	—	106	−383	33.8	−83.1
Cash from operating activities
	976	953	1,014	1,223	953
	—	149	−236	34.1	30.8
	—	1,102	778	1,257	984
	—	169	168	215	67.3
	—	933	610	1,042	917
Cash from investing activities
	—	170	23.2	32.1	18.8
	—	1.3	0.0	0.0	0.1
	—	3,892	3,777	3,149	2,085
	—	3,232	3,018	2,353	1,595
	—	0.0	0.0	0.0	5.2
	—	0.0	0.0	−77.7	0.0
	—	0.0	221	0.0	68.9
	—	0.0	0.1	0.1	0.2
	—	52.9	74.4	28.9	51.3
	—	0.6	0.6	0.4	0.5
	—	−775	−485	−722	−382
Cash from financing activities
	—	13.3	0.1	0.0	0.0
	—	0.0	0.7	247	475
	—	2.1	2.5	5.5	0.0
	—	134	134	67.0	33.7
	—	0.0	0.0	0.0	−33.9
	—	−123	−137	−320	−542
	—	35.7	−12.8	0.4	−7.6
	—	−0.8	0.1	0.0	−9.0
	—	34.9	−12.7	0.4	−16.6
	—	—	—	54.8	54.4
Reference items
	696	681	920	1,199	1,040
	15.1%	14.6%	17.5%	22.2%	18.2%
	764	764	586	1,010	898
	—	775	584	760	—
	₹56.98	₹56.98	₹43.76	₹75.34	₹67.00
	9.56×	—	—	—	—
	—	1.33×	0.78×	1.09×	1.19×
	—	169	168	215	67.3
	—	2.1	2.5	5.5	—

Open the chart

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

alphave

MAHSEAMLES₹544.85

Maharashtra Seamless Ltd.

· Capital Goods & Defence

₹ CrorePeersJINDALSAW RATNAMANI LLOYDSENGG MIDHANI KSB KRN MTARTECH KIRLPNUMcap ₹7,301 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	137.7	-109.7	100.9	110.2	—
+ Finance Costs	38.5	8.5	2.8	2.6	—
+ Interest Income	-48.0	40.3	-69.4	-42.5	—
+ Dividend Income	-0.2	0.1	-0.1	-0.0	—
+ Fair Value (Gains) / Losses	-11.4	93.8	-83.9	71.8	—
+ Other Non-cash Items	66.8	0.0	-0.6	-377.2	—
+ Other Reconciling Items	-0.5	-75.1	-0.0	0.3	—
Changes in Working Capital
+ Inventories	-70.8	-70.2	234.5	203.2	—
+ Trade Receivables — Current	62.9	112.7	-36.8	75.3	—
+ Other Financial Assets — Non-current	-61.1	0.0	0.0	0.0	—
+ Trade Payables — Current	-83.1	33.8	-383.1	105.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	953.1	1,222.8	1,013.8	953.0	976.3
+ Total Adjustments (incl. Working Capital)	30.8	34.1	-235.7	149.3	—
Cash from Operations (pre-tax)	983.9	1,257.0	778.1	1,102.4	—
+ Income Taxes Paid	67.3	215.3	168.4	169.1	—
Cash from Operating Activities	916.6	1,041.7	609.6	933.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	18.8	32.1	23.2	169.7	—
+ Disp of Fixed Assets	0.1	0.0	0.0	1.3	—
+ Acq of Investment Property	2,084.6	3,149.3	3,776.7	3,892.2	—
+ Disp of Investment Property	1,595.5	2,352.6	3,017.9	3,232.2	—
+ Sale of Investments (Equity / Debt)	5.2	0.0	0.0	0.0	—
+ Loans & Advances Made	0.0	-77.7	0.0	0.0	—
+ Loans & Advances Repaid	68.9	0.0	221.5	0.0	—
+ Dividends Received — Investing	0.2	0.1	0.1	0.0	—
+ Interest Received — Investing	51.3	28.9	74.4	52.9	—
+ Other Inflows / (Outflows) — Investing	0.5	0.4	0.6	0.6	—
Cash from Investing Activities	-382.0	-721.6	-485.3	-774.8	—
Cash from Financing Activities
+ Proceeds from Borrowings	0.0	0.0	0.1	13.3	—
+ Repayment of Borrowings	474.6	247.1	0.7	0.0	—
+ Interest Paid	0.0	5.5	2.5	2.1	—
+ Dividends Paid	33.7	67.0	134.0	134.0	—
+ Other Inflows / (Outflows) — Financing	-33.9	0.0	0.0	0.0	—
Cash from Financing Activities	-542.3	-319.6	-137.1	-122.7	—
Net Changes in Cash (pre-FX)	-7.6	0.4	-12.8	35.7	—
+ Effect of FX Rate Changes on Cash	-9.0	0.0	0.1	-0.8	—
Net Changes in Cash	-16.6	0.4	-12.7	34.9	—
Closing Cash	54.4	54.8	—	—	—
Reference Items
EBITDA	1,040.3	1,198.8	920.3	681.2	695.6
EBITDA Margin %	18.20	22.18	17.47	14.57	15.06
Free Cash Flow (CFO − Capex)	897.8	1,009.6	586.4	763.6	763.6
Free Cash Flow to Equity	—	759.8	584.1	774.8	—
Free Cash Flow per Basic Share	67.00	75.34	43.76	56.98	56.98
Price to Free Cash Flow	—	—	—	—	9.56
Cash Flow to Net Income	1.19	1.09	0.78	1.33	—
Cash Paid for Taxes	67.3	215.3	168.4	169.1	—
Cash Paid for Interest	—	5.5	2.5	2.1	—

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%.