MTAR Technologies cash flow

Latest FY26

Cash from operations: ₹192cr+88.3% on FY25
Capital spending: ₹128cr+26.3% on FY25
Free cash flow: ₹63.4cr+32,560.8% on FY25
Cash from financing: ₹155cr−₹35.1 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.
	—	34.4	31.8	22.6	18.3
	—	29.3	22.2	22.2	14.5
	—	0.0	0.0	−1.4	−1.6
	—	−0.3	0.0	0.0	0.0
	—	−8.6	0.0	0.8	−0.7
	—	0.0	0.0	−2.4	0.0
	—	0.0	0.0	−0.2	0.0
	—	−154	1.6	39.1	−216
	—	−117	−63.2	61.2	−71.5
	—	0.0	1.4	−4.3	0.0
	—	3.4	0.0	0.0	1.4
	—	−17.3	0.0	0.0	−16.9
	—	0.0	−25.9	27.0	0.0
	—	42.2	43.8	−148	161
	—	61.6	19.7	0.0	0.0
	—	211	12.4	−14.7	13.9
	—	6.9	0.0	1.5	−0.0
	—	0.0	2.1	0.0	0.0
Cash from operating activities
	254	127	72.5	73.2	141
	—	91.6	45.8	3.4	−97.3
	—	219	118	76.7	43.6
	—	−1.6	0.0	0.0	0.0
	—	−0.7	−2.9	0.0	−2.6
	—	24.8	13.6	21.2	32.1
	—	192	102	55.5	8.9
Cash from investing activities
	—	128	102	90.4	107
	—	1.2	1.3	0.3	0.6
	—	0.0	7.0	0.0	0.0
	—	0.0	7.0	0.0	0.0
	—	0.0	0.0	75.2	32.4
	—	0.0	0.0	105	70.0
	—	0.0	0.0	2.0	4.2
	—	0.0	1.0	1.1	1.5
	—	−220	−4.7	7.3	−17.6
	—	−347	−104	−53.7	−88.5
Cash from financing activities
	—	237	31.6	67.7	73.8
	—	45.1	44.6	20.2	26.9
	—	8.3	0.0	0.0	0.0
	—	0.0	22.2	0.0	14.6
	—	−28.9	0.0	−22.2	0.0
	—	155	−35.1	25.3	32.3
	—	−1.0	−37.4	27.0	−47.3
	—	−1.0	−37.4	27.0	−47.3
	—	—	1.9	39.2	12.2
Reference items
	310	171	121	112	154
	22.9%	19.5%	17.9%	19.3%	26.9%
	63.4	63.4	0.2	−34.9	−97.6
	—	—	−35.0	—	—
	₹20.60	₹20.60	₹0.06	−₹11.34	−₹31.74
	347.51×	—	—	—	—
	—	2.01×	1.89×	0.99×	0.09×
	—	24.8	13.6	21.2	32.1
	—	—	22.2	—	14.6

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

alphave

MTARTECH₹7,158.50

MTAR Technologies Ltd.

· Capital Goods & Defence

₹ CrorePeersMIDHANI PARAS DATAPATTNS OSWALPUMPS MAHSEAMLES LLOYDSENGG PRAJIND KSBMcap ₹22,019 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	18.3	22.6	31.8	34.4	—
+ Finance Costs	14.5	22.2	22.2	29.3	—
+ Interest Income	-1.6	-1.4	0.0	0.0	—
+ Fair Value (Gains) / Losses	0.0	0.0	0.0	-0.3	—
+ Unrealised FX (Gain) / Loss	-0.7	0.8	0.0	-8.6	—
+ Other — Cash Effects are Investing / Financing	0.0	-2.4	0.0	0.0	—
+ Other Reconciling Items	0.0	-0.2	0.0	0.0	—
Changes in Working Capital
+ Inventories	-215.7	39.1	1.6	-154.2	—
+ Trade Receivables — Current	-71.5	61.2	-63.2	-116.8	—
+ Other Financial Assets — Current	0.0	-4.3	1.4	0.0	—
+ Other Financial Assets — Non-current	1.4	0.0	0.0	3.4	—
+ Other Current Assets	-16.9	0.0	0.0	-17.3	—
+ Other Non-current Assets	0.0	27.0	-25.9	0.0	—
+ Trade Payables — Current	161.0	-147.9	43.8	42.2	—
+ Other Financial Liabilities — Current	0.0	0.0	19.7	61.6	—
+ Other Current Liabilities	13.9	-14.7	12.4	211.0	—
+ Provisions — Current	-0.0	1.5	0.0	6.9	—
+ Provisions — Non-current	0.0	0.0	2.1	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	140.9	73.2	72.5	127.3	253.7
+ Total Adjustments (incl. Working Capital)	-97.3	3.4	45.8	91.6	—
Cash from Operations (pre-tax)	43.6	76.7	118.3	218.8	—
+ Interest Received — Operating	0.0	0.0	0.0	-1.6	—
+ Other Inflows / (Outflows) — Operating	-2.6	0.0	-2.9	-0.7	—
+ Income Taxes Paid	32.1	21.2	13.6	24.8	—
Cash from Operating Activities	8.9	55.5	101.8	191.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	106.5	90.4	101.6	128.3	—
+ Disp of Fixed Assets	0.6	0.3	1.3	1.2	—
+ Acq of Investment Property	0.0	0.0	7.0	0.0	—
+ Disp of Investment Property	0.0	0.0	7.0	0.0	—
+ Purchase of Investments (Equity / Debt)	32.4	75.2	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	70.0	105.0	0.0	0.0	—
+ Loans & Advances Made	4.2	2.0	0.0	0.0	—
+ Interest Received — Investing	1.5	1.1	1.0	0.0	—
+ Other Inflows / (Outflows) — Investing	-17.6	7.3	-4.7	-220.3	—
Cash from Investing Activities	-88.5	-53.7	-104.0	-347.4	—
Cash from Financing Activities
+ Proceeds from Borrowings	73.8	67.7	31.6	237.1	—
+ Repayment of Borrowings	26.9	20.2	44.6	45.1	—
+ Payment of Lease Liabilities	0.0	0.0	0.0	8.3	—
+ Interest Paid	14.6	0.0	22.2	0.0	—
+ Other Inflows / (Outflows) — Financing	0.0	-22.2	0.0	-28.9	—
Cash from Financing Activities	32.3	25.3	-35.1	154.8	—
Net Changes in Cash (pre-FX)	-47.3	27.0	-37.4	-1.0	—
Net Changes in Cash	-47.3	27.0	-37.4	-1.0	—
Closing Cash	12.2	39.2	1.9	—	—
Reference Items
EBITDA	154.0	111.7	120.7	171.1	309.8
EBITDA Margin %	26.85	19.25	17.85	19.52	22.92
Free Cash Flow (CFO − Capex)	-97.6	-34.9	0.2	63.4	63.4
Free Cash Flow to Equity	—	—	-35.0	—	—
Free Cash Flow per Basic Share	-31.74	-11.34	0.06	20.60	20.60
Price to Free Cash Flow	—	—	—	—	347.51
Cash Flow to Net Income	0.09	0.99	1.89	2.01	—
Cash Paid for Taxes	32.1	21.2	13.6	24.8	—
Cash Paid for Interest	14.6	—	22.2	—	—

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%.