MSP Steel & Power cash flow

Latest FY26

Cash from operations: ₹148cr−21.7% on FY25
Capital spending: ₹59.4cr+83.0% on FY25
Free cash flow: ₹88.8cr−43.4% on FY25
Cash from financing: −₹90.1cr−₹178 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.
	—	55.2	53.7	55.4	54.1
	—	0.0	0.0	0.0	−0.3
	—	47.6	80.1	11.5	6.3
	—	−2.8	−2.2	−1.8	−1.6
	—	1.6	1.1	−1.5	1.8
	—	0.0	0.1	0.0	0.0
	—	0.0	0.0	−0.0	0.0
	—	−111	16.1	−6.6	−26.3
	—	−22.3	27.0	23.6	68.9
	—	92.1	13.9	−2.2	−33.3
	—	0.0	0.1	0.0	0.0
	—	0.4	−0.0	−1.2	0.2
	—	0.0	0.0	0.0	2.2
Cash from operating activities
	−15.4	−23.7	2.6	20.7	−57.2
	—	60.5	190	77.1	68.7
	—	36.8	192	97.8	11.6
	—	0.0	0.0	−75.8	−69.5
	—	102	0.0	0.0	0.0
	—	−9.6	3.0	3.2	0.0
	—	148	189	170	81.1
Cash from investing activities
	—	59.4	32.5	45.7	53.7
	—	0.3	0.0	0.0	0.0
	—	0.0	0.0	0.1	0.0
	—	2.0	2.2	2.0	1.8
	—	−0.5	−3.6	−6.0	32.7
	—	−57.6	−33.8	−49.6	−19.2
Cash from financing activities
	—	24.5	0.0	0.0	0.0
	—	64.6	0.0	8.3	−5.6
	—	18.2	92.3	68.8	50.4
	—	2.7	0.1	0.0	0.0
	—	56.6	84.9	33.8	36.9
	—	−102	−0.2	−11.5	−6.3
	—	−90.1	−178	−106	−99.2
	—	0.4	−22.1	15.1	−37.3
	—	0.4	−22.1	15.1	−37.3
	—	—	—	15.1	11.0
Reference items
	185	178	134	125	62.2
	6.3%	6.3%	4.6%	4.4%	2.4%
	88.8	88.8	157	125	27.3
	—	81.6	−448	71.0	—
	₹1.57	₹1.57	₹2.77	₹2.20	₹0.48
	19.17×	—	—	—	—
	—	4.39×	−6.67×	11.88×	−1.60×
	—	−9.6	3.0	3.2	0.0
	—	56.6	84.9	33.8	36.9

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

alphave

MSPL₹30.03

MSP Steel & Power Limited

· Capital Goods & Defence

₹ CrorePeersRATNAVEER MUKANDLTD HITECH AEROENTER RHETAN RSL STEELXIND MANAKCOATMcap ₹1,702 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	54.1	55.4	53.7	55.2	—
+ Impairment Loss / (Reversal)	-0.3	0.0	0.0	0.0	—
+ Finance Costs	6.3	11.5	80.1	47.6	—
+ Interest Income	-1.6	-1.8	-2.2	-2.8	—
+ Unrealised FX (Gain) / Loss	1.8	-1.5	1.1	1.6	—
+ Undistributed Profits of Associates	0.0	0.0	0.1	0.0	—
+ Other Reconciling Items	0.0	-0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-26.3	-6.6	16.1	-111.2	—
+ Trade Receivables — Current	68.9	23.6	27.0	-22.3	—
+ Trade Payables — Current	-33.3	-2.2	13.9	92.1	—
+ Other Financial Liabilities — Current	0.0	0.0	0.1	0.0	—
+ Provisions — Current	0.2	-1.2	-0.0	0.4	—
+ Provisions — Non-current	2.2	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-57.2	20.7	2.6	-23.7	-15.4
+ Total Adjustments (incl. Working Capital)	68.7	77.1	189.7	60.5	—
Cash from Operations (pre-tax)	11.6	97.8	192.3	36.8	—
+ Interest Paid — Operating	-69.5	-75.8	0.0	0.0	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	0.0	101.8	—
+ Income Taxes Paid	0.0	3.2	3.0	-9.6	—
Cash from Operating Activities	81.1	170.4	189.3	148.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	53.7	45.7	32.5	59.4	—
+ Disp of Fixed Assets	0.0	0.0	0.0	0.3	—
+ Disp of Investment Property	0.0	0.1	0.0	0.0	—
+ Interest Received — Investing	1.8	2.0	2.2	2.0	—
+ Other Inflows / (Outflows) — Investing	32.7	-6.0	-3.6	-0.5	—
Cash from Investing Activities	-19.2	-49.6	-33.8	-57.6	—
Cash from Financing Activities
+ Proceeds from Other Equity Instruments	0.0	0.0	0.0	24.5	—
+ Proceeds from Borrowings	-5.6	8.3	0.0	64.6	—
+ Repayment of Borrowings	50.4	68.8	92.3	18.2	—
+ Payment of Lease Liabilities	0.0	0.0	0.1	2.7	—
+ Interest Paid	36.9	33.8	84.9	56.6	—
+ Other Inflows / (Outflows) — Financing	-6.3	-11.5	-0.2	-101.6	—
Cash from Financing Activities	-99.2	-105.7	-177.5	-90.1	—
Net Changes in Cash (pre-FX)	-37.3	15.1	-22.1	0.4	—
Net Changes in Cash	-37.3	15.1	-22.1	0.4	—
Closing Cash	11.0	15.1	—	—	—
Reference Items
EBITDA	62.2	125.4	133.9	177.7	185.3
EBITDA Margin %	2.44	4.36	4.61	6.25	6.26
Free Cash Flow (CFO − Capex)	27.3	124.7	156.8	88.8	88.8
Free Cash Flow to Equity	—	71.0	-448.1	81.6	—
Free Cash Flow per Basic Share	0.48	2.20	2.77	1.57	1.57
Price to Free Cash Flow	—	—	—	—	19.17
Cash Flow to Net Income	-1.60	11.88	-6.67	4.39	—
Cash Paid for Taxes	0.0	3.2	3.0	-9.6	—
Cash Paid for Interest	36.9	33.8	84.9	56.6	—

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%.