Maithan Alloys cash flow

Latest FY26

Cash from operations: −₹9.9cr₹49.8 cr in FY25
Capital spending: ₹24.9cr−17.5% on FY25
Free cash flow: −₹34.7cr₹19.6 cr in FY25
Cash from financing: −₹434cr₹522 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.
	—	23.2	23.3	20.8	20.2
	—	44.1	21.6	1.6	2.2
	—	−16.7	−19.4	−52.4	−36.6
	—	−47.9	−45.6	−9.1	−0.3
	—	13.7	−830	−178	−7.2
	—	0.8	−2.7	0.2	4.1
	—	2.3	−3.0	−4.4	0.0
	—	−318	184	−94.5	−12.8
	—	0.0	−0.4	−2.1	0.0
	—	−161	−736	29.1	372
	—	14.4	244	−46.1	264
	—	18.9	414	−440	−0.8
	—	4.4	0.0	12.0	−9.8
	—	−45.4	−23.2	12.7	47.3
	—	17.3	−19.7	−1.5	11.2
	—	−39.8	48.3	−52.0	−121
	—	−10.3	0.6	22.2	5.6
	—	68.1	−2.5	−6.6	−71.7
	—	−0.8	0.5	0.2	0.7
Cash from operating activities
	406	604	852	450	637
	—	−433	−746	−787	468
	—	171	106	−338	1,105
	—	181	56.7	73.4	137
	—	−9.9	49.8	−411	968
Cash from investing activities
	—	24.9	30.2	69.0	11.0
	—	23.0	0.8	12.9	4.6
	—	0.0	0.0	0.0	0.0
	—	244	0.0	0.0	0.0
	—	348	0.0	3.5	0.0
	—	2,189	5,193	4,816	3,180
	—	2,520	4,571	4,177	3,225
	—	0.0	0.0	0.0	9.9
	—	0.0	2.5	0.0	0.0
	—	5.0	0.0	0.0	0.0
	—	47.9	45.6	9.1	0.3
	—	16.5	20.0	52.6	34.4
	—	−21.8	−2.1	1,002	−1,025
	—	481	−591	371	−962
Cash from financing activities
	—	0.0	568	10.5	14.7
	—	350	0.0	0.0	0.0
	—	0.3	0.1	0.1	0.1
	—	45.8	19.7	1.6	2.2
	—	38.0	26.2	17.5	17.5
	—	−434	522	−8.7	−5.1
	—	37.2	−19.0	−48.7	1.1
	—	37.2	−19.0	−48.7	1.1
	—	—	—	40.8	89.5
Reference items
	285	259	177	114	586
	13.7%	11.9%	9.8%	6.6%	20.3%
	−34.7	−34.7	19.6	−480	957
	—	−430	558	−471	—
	−₹11.93	−₹11.93	₹6.73	−₹164.99	₹328.79
	—	−0.02×	0.08×	−1.18×	1.94×
	—	181	56.7	73.4	137
	—	45.8	19.7	1.6	2.2

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

alphave

MAITHANALL₹795.05

Maithan Alloys Limited

· Metal & Mining

₹ CrorePeersVISACHROMEMcap ₹2,314 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	20.2	20.8	23.3	23.2	—
+ Finance Costs	2.2	1.6	21.6	44.1	—
+ Interest Income	-36.6	-52.4	-19.4	-16.7	—
+ Dividend Income	-0.3	-9.1	-45.6	-47.9	—
+ Fair Value (Gains) / Losses	-7.2	-177.5	-829.7	13.7	—
+ Unrealised FX (Gain) / Loss	4.1	0.2	-2.7	0.8	—
+ Other Non-cash Items	0.0	-4.4	-3.0	2.3	—
+ Other — Cash Effects are Investing / Financing	-12.8	-94.5	184.0	-318.2	—
+ Other Reconciling Items	0.0	-2.1	-0.4	0.0	—
Changes in Working Capital
+ Inventories	372.5	29.1	-735.8	-160.9	—
+ Trade Receivables — Current	264.5	-46.1	244.1	14.4	—
+ Other Financial Assets — Current	-0.8	-440.0	413.6	18.9	—
+ Other Financial Assets — Non-current	-9.8	12.0	0.0	4.4	—
+ Other Current Assets	47.3	12.7	-23.2	-45.4	—
+ Other Non-current Assets	11.2	-1.5	-19.7	17.3	—
+ Trade Payables — Current	-120.8	-52.0	48.3	-39.8	—
+ Other Financial Liabilities — Current	5.6	22.2	0.6	-10.3	—
+ Other Current Liabilities	-71.7	-6.6	-2.5	68.1	—
+ Provisions — Current	0.7	0.2	0.5	-0.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	636.8	449.5	852.4	603.9	405.8
+ Total Adjustments (incl. Working Capital)	468.3	-787.5	-746.0	-433.2	—
Cash from Operations (pre-tax)	1,105.1	-337.9	106.4	170.8	—
+ Income Taxes Paid	137.0	73.4	56.7	180.6	—
Cash from Operating Activities	968.1	-411.3	49.8	-9.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	11.0	69.0	30.2	24.9	—
+ Disp of Fixed Assets	4.6	12.9	0.8	23.0	—
+ Acq of Goodwill	0.0	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	0.0	0.0	0.0	243.6	—
+ Disp of Other Long-term Assets	0.0	3.5	0.0	348.2	—
+ Purchase of Investments (Equity / Debt)	3,180.5	4,816.0	5,193.5	2,189.0	—
+ Sale of Investments (Equity / Debt)	3,225.1	4,176.7	4,570.8	2,520.1	—
+ Acq of Subsidiaries / Businesses (net)	9.9	0.0	0.0	0.0	—
+ Loans & Advances Made	0.0	0.0	2.5	0.0	—
+ Loans & Advances Repaid	0.0	0.0	0.0	5.0	—
+ Dividends Received — Investing	0.3	9.1	45.6	47.9	—
+ Interest Received — Investing	34.4	52.6	20.0	16.5	—
+ Other Inflows / (Outflows) — Investing	-1,024.8	1,001.5	-2.1	-21.8	—
Cash from Investing Activities	-961.9	371.4	-591.0	481.5	—
Cash from Financing Activities
+ Proceeds from Borrowings	14.7	10.5	568.2	0.0	—
+ Repayment of Borrowings	0.0	0.0	0.0	350.4	—
+ Payment of Lease Liabilities	0.1	0.1	0.1	0.3	—
+ Interest Paid	2.2	1.6	19.7	45.8	—
+ Dividends Paid	17.5	17.5	26.2	38.0	—
Cash from Financing Activities	-5.1	-8.7	522.2	-434.4	—
Net Changes in Cash (pre-FX)	1.1	-48.7	-19.0	37.2	—
Net Changes in Cash	1.1	-48.7	-19.0	37.2	—
Closing Cash	89.5	40.8	—	—	—
Reference Items
EBITDA	586.2	114.4	176.5	259.2	284.7
EBITDA Margin %	20.32	6.62	9.78	11.93	13.69
Free Cash Flow (CFO − Capex)	957.1	-480.3	19.6	-34.7	-34.7
Free Cash Flow to Equity	—	-471.4	558.2	-430.4	—
Free Cash Flow per Basic Share	328.79	-164.99	6.73	-11.93	-11.93
Cash Flow to Net Income	1.94	-1.18	0.08	-0.02	—
Cash Paid for Taxes	137.0	73.4	56.7	180.6	—
Cash Paid for Interest	2.2	1.6	19.7	45.8	—

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%.