Man Industries (India) cash flow

Latest FY26

Cash from operations: ₹472cr+605.6% on FY25
Capital spending: ₹340cr+120.5% on FY25
Free cash flow: ₹132cr−₹87.4 cr in FY25
Cash from financing: ₹136cr+299.4% on 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.
	—	78.9	45.3	60.7	45.4
	—	137	99.6	92.7	41.0
	—	−19.2	−14.7	−18.1	0.0
	—	0.0	−0.0	−0.1	0.0
	—	0.0	0.0	−1.0	−0.9
	—	88.8	−31.9	−27.3	12.3
	—	16.9	44.8	9.9	−3.3
	—	−0.7	0.0	0.0	0.0
	—	0.0	0.0	9.3	3.4
	—	−266	−623	−239	198
	—	−363	−634	−1.6	−78.5
	—	0.0	0.0	0.0	−26.8
	—	585	1,013	260	−397
	—	0.0	0.5	0.0	0.0
	—	2.4	11.6	1.0	2.1
	—	25.9	0.0	0.0	0.0
Cash from operating activities
	284	237	208	144	90.4
	—	286	−88.8	147	−205
	—	523	120	291	−114
	—	0.0	0.0	0.0	−4.3
	—	0.0	0.0	0.0	−0.2
	—	50.9	52.6	33.5	0.0
	—	472	66.9	257	−119
Cash from investing activities
	—	340	154	120	207
	—	0.0	0.0	0.0	0.0
	—	44.1	0.0	0.0	0.0
	—	0.0	0.0	0.0	42.1
	—	210	0.0	0.0	0.0
	—	0.0	0.0	233	0.0
	—	0.0	202	0.0	0.0
	—	0.0	0.0	0.1	0.2
	—	0.0	0.0	27.4	4.3
	—	0.0	−92.4	62.1	25.2
	—	−594	−44.7	−264	−135
Cash from financing activities
	—	255	0.0	179	4.5
	—	44.4	0.0	0.0	0.0
	—	0.0	4.4	0.0	0.0
	—	87.1	148	78.7	263
	—	58.0	0.0	−1.0	0.0
	—	54.1	6.6	6.5	5.3
	—	135	111	89.1	41.3
	—	0.0	0.0	12.0	11.8
	—	−3.6	0.0	6.8	0.0
	—	136	34.1	158	209
	—	14.3	56.3	152	−45.1
	—	14.3	56.3	152	−45.1
	—	—	—	189	36.9
Reference items
	532	439	301	241	137
	13.7%	12.3%	8.6%	7.7%	6.2%
	132	132	−87.4	137	−326
	—	40.9	−51.2	62.8	—
	₹17.59	₹17.59	−₹11.65	₹18.27	−₹43.46
	45.61×	—	—	—	—
	—	2.77×	0.44×	2.45×	−1.75×
	—	50.9	52.6	33.5	0.0
	—	135	111	89.1	41.3

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

alphave

MANINDS₹802.45

Man Industries (India) Limited

· Capital Goods & Defence

₹ CrorePeersSBCL SUNFLAG BANSALWIRE AEROFLEX GOODLUCK TIIL KIRLOSIND KSLMcap ₹6,018 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	45.4	60.7	45.3	78.9	—
+ Finance Costs	41.0	92.7	99.6	137.5	—
+ Interest Income	0.0	-18.1	-14.7	-19.2	—
+ Dividend Income	0.0	-0.1	-0.0	0.0	—
+ Fair Value (Gains) / Losses	-0.9	-1.0	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	12.3	-27.3	-31.9	88.8	—
+ Other Non-cash Items	-3.3	9.9	44.8	16.9	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-0.7	—
+ Other Reconciling Items	3.4	9.3	0.0	0.0	—
Changes in Working Capital
+ Inventories	197.6	-238.9	-622.9	-266.5	—
+ Trade Receivables — Current	-78.5	-1.6	-633.9	-362.5	—
+ Other Financial Assets — Non-current	-26.8	0.0	0.0	0.0	—
+ Trade Payables — Current	-397.0	260.1	1,012.8	584.6	—
+ Other Current Liabilities	0.0	0.0	0.5	0.0	—
+ Provisions — Current	2.1	1.0	11.6	2.4	—
+ Provisions — Non-current	0.0	0.0	0.0	25.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	90.4	144.3	208.4	236.9	284.2
+ Total Adjustments (incl. Working Capital)	-204.7	146.7	-88.8	286.2	—
Cash from Operations (pre-tax)	-114.3	291.0	119.5	523.1	—
+ Interest Received — Operating	-4.3	0.0	0.0	0.0	—
+ Dividends Received — Operating	-0.2	0.0	0.0	0.0	—
+ Income Taxes Paid	0.0	33.5	52.6	50.9	—
Cash from Operating Activities	-118.8	257.5	66.9	472.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	207.2	120.4	154.3	340.3	—
+ Disp of Fixed Assets	0.0	0.0	0.0	0.0	—
+ Acq of Investment Property	0.0	0.0	0.0	44.1	—
+ Disp of Investment Property	42.1	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	0.0	0.0	0.0	209.5	—
+ Purchase of Investments (Equity / Debt)	0.0	232.9	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	202.0	0.0	—
+ Dividends Received — Investing	0.2	0.1	0.0	0.0	—
+ Interest Received — Investing	4.3	27.4	0.0	0.0	—
+ Other Inflows / (Outflows) — Investing	25.2	62.1	-92.4	0.0	—
Cash from Investing Activities	-135.5	-263.7	-44.7	-593.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	4.5	179.0	0.0	255.0	—
+ Proceeds from Other Equity Instruments	0.0	0.0	0.0	44.4	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	4.4	0.0	—
+ Proceeds from Borrowings	263.1	78.7	147.5	87.1	—
+ Repayment of Borrowings	0.0	-1.0	0.0	58.0	—
+ Payment of Lease Liabilities	5.3	6.5	6.6	54.1	—
+ Interest Paid	41.3	89.1	111.3	134.8	—
+ Dividends Paid	11.8	12.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Financing	0.0	6.8	0.0	-3.6	—
Cash from Financing Activities	209.2	157.9	34.1	136.0	—
Net Changes in Cash (pre-FX)	-45.1	151.6	56.3	14.3	—
Net Changes in Cash	-45.1	151.6	56.3	14.3	—
Closing Cash	36.9	188.6	—	—	—
Reference Items
EBITDA	137.2	241.2	301.4	439.3	531.9
EBITDA Margin %	6.15	7.68	8.60	12.33	13.73
Free Cash Flow (CFO − Capex)	-326.0	137.0	-87.4	132.0	132.0
Free Cash Flow to Equity	—	62.8	-51.2	40.9	—
Free Cash Flow per Basic Share	-43.46	18.27	-11.65	17.59	17.59
Price to Free Cash Flow	—	—	—	—	45.61
Cash Flow to Net Income	-1.75	2.45	0.44	2.77	—
Cash Paid for Taxes	0.0	33.5	52.6	50.9	—
Cash Paid for Interest	41.3	89.1	111.3	134.8	—

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.

« ‹ › »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%.