N R Agarwal Industries cash flow

Latest FY26

Cash from operations: ₹94.9cr−46.1% on FY25
Capital spending: ₹294cr+145.3% on FY25
Free cash flow: −₹199cr₹56.4 cr in FY25
Cash from financing: ₹96.0cr−₹0.9 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.
	—	68.7	65.6	37.4	35.8
	—	0.0	0.0	7.9	0.0
	—	61.9	58.5	8.8	10.7
	—	−1.0	−1.2	−1.8	−3.9
	—	−1.7	−0.7	−0.0	0.0
	—	−11.5	−13.4	2.1	0.2
	—	−0.7	0.1	0.2	−0.0
	—	−0.2	−0.2	−0.4	−0.2
	—	15.8	−1.0	4.4	4.0
	—	−86.1	1.9	−39.8	21.9
	—	−59.6	−99.6	50.9	29.0
	—	−2.2	−32.5	−0.7	−1.2
	—	31.8	44.2	−66.5	18.7
	—	−1.4	0.3	−0.3	−0.4
	—	−0.5	16.6	24.1	−35.6
	—	16.5	168	−32.2	−54.7
	—	−13.4	−43.9	20.2	−9.4
	—	14.0	−0.1	−1.2	−2.3
	—	2.6	−0.8	1.3	−0.7
Cash from operating activities
	95.6	59.6	16.0	138	148
	—	33.2	162	14.3	11.6
	—	92.8	178	152	159
	—	−2.1	1.4	16.8	30.4
	—	94.9	176	135	129
Cash from investing activities
	—	294	120	534	194
	—	3.1	9.5	7.5	94.2
	—	1.0	0.7	0.0	0.0
	—	1.8	0.8	1.6	3.7
	—	99.6	−66.1	−22.6	0.0
	—	−188	−175	−548	−96.4
Cash from financing activities
	—	83.0	52.0	349	61.4
	—	6.5	6.4	6.2	6.2
	—	61.9	59.5	7.2	9.9
	—	3.4	3.4	0.0	0.0
	—	84.8	16.4	69.6	−69.9
	—	96.0	−0.9	405	−24.6
	—	2.8	0.5	−7.9	8.0
	—	2.8	0.5	−7.9	8.0
	—	—	—	0.2	8.0
Reference items
	232	174	111	176	185
	9.9%	8.1%	6.7%	13.6%	10.5%
	−199	−199	56.4	−399	−65.2
	—	−92.8	65.3	11.8	—
	−₹116.72	−₹116.72	₹33.16	−₹234.57	−₹38.33
	—	2.17×	9.98×	1.08×	1.30×
	—	−2.1	1.4	16.8	30.4
	—	61.9	59.5	7.2	9.9

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

alphave

NRAIL₹686.05

N R Agarwal Industries Limited

· Others

₹ CrorePeersPDMJEPAPER TNPL KUANTUM ANDHRAPAP SATIA RAMANEWS SESHAPAPER PAKKAMcap ₹1,168 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	35.8	37.4	65.6	68.7	—
+ Impairment Loss / (Reversal)	0.0	7.9	0.0	0.0	—
+ Finance Costs	10.7	8.8	58.5	61.9	—
+ Interest Income	-3.9	-1.8	-1.2	-1.0	—
+ Dividend Income	0.0	-0.0	-0.7	-1.7	—
+ Fair Value (Gains) / Losses	0.2	2.1	-13.4	-11.5	—
+ Unrealised FX (Gain) / Loss	-0.0	0.2	0.1	-0.7	—
+ Other Non-cash Items	-0.2	-0.4	-0.2	-0.2	—
+ Other Reconciling Items	4.0	4.4	-1.0	15.8	—
Changes in Working Capital
+ Inventories	21.9	-39.8	1.9	-86.1	—
+ Trade Receivables — Current	29.0	50.9	-99.6	-59.6	—
+ Other Financial Assets — Current	-1.2	-0.7	-32.5	-2.2	—
+ Other Current Assets	18.7	-66.5	44.2	31.8	—
+ Other Non-current Assets	-0.4	-0.3	0.3	-1.4	—
+ Other Bank Balances	-35.6	24.1	16.6	-0.5	—
+ Trade Payables — Current	-54.7	-32.2	167.7	16.5	—
+ Other Financial Liabilities — Current	-9.4	20.2	-43.9	-13.4	—
+ Other Current Liabilities	-2.3	-1.2	-0.1	14.0	—
+ Provisions — Current	-0.7	1.3	-0.8	2.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	147.7	137.6	16.0	59.6	95.6
+ Total Adjustments (incl. Working Capital)	11.6	14.3	161.6	33.2	—
Cash from Operations (pre-tax)	159.4	151.9	177.5	92.8	—
+ Income Taxes Paid	30.4	16.8	1.4	-2.1	—
Cash from Operating Activities	129.0	135.1	176.1	94.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	194.2	534.3	119.7	293.5	—
+ Disp of Fixed Assets	94.2	7.5	9.5	3.1	—
+ Dividends Received — Investing	0.0	0.0	0.7	1.0	—
+ Interest Received — Investing	3.7	1.6	0.8	1.8	—
+ Other Inflows / (Outflows) — Investing	0.0	-22.6	-66.1	99.6	—
Cash from Investing Activities	-96.4	-547.8	-174.7	-188.1	—
Cash from Financing Activities
+ Proceeds from Borrowings	61.4	348.6	52.0	83.0	—
+ Payment of Lease Liabilities	6.2	6.2	6.4	6.5	—
+ Interest Paid	9.9	7.2	59.5	61.9	—
+ Dividends Paid	0.0	0.0	3.4	3.4	—
+ Other Inflows / (Outflows) — Financing	-69.9	69.6	16.4	84.8	—
Cash from Financing Activities	-24.6	404.8	-0.9	96.0	—
Net Changes in Cash (pre-FX)	8.0	-7.9	0.5	2.8	—
Net Changes in Cash	8.0	-7.9	0.5	2.8	—
Closing Cash	8.0	0.2	—	—	—
Reference Items
EBITDA	184.9	176.1	111.0	174.4	232.2
EBITDA Margin %	10.47	13.62	6.69	8.13	9.92
Free Cash Flow (CFO − Capex)	-65.2	-399.2	56.4	-198.7	-198.7
Free Cash Flow to Equity	—	11.8	65.3	-92.8	—
Free Cash Flow per Basic Share	-38.33	-234.57	33.16	-116.72	-116.72
Cash Flow to Net Income	1.30	1.08	9.98	2.17	—
Cash Paid for Taxes	30.4	16.8	1.4	-2.1	—
Cash Paid for Interest	9.9	7.2	59.5	61.9	—

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%.