National Aluminium Co. cash flow

Latest FY26

Cash from operations: ₹6,438cr+10.9% on FY25
Capital spending: ₹2,038cr+69.7% on FY25
Free cash flow: ₹4,400cr−4.5% on FY25
Cash from financing: −₹2,206cr−₹1,758 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.
	—	745	728	750	716
	—	−17.8	−9.4	16.6	36.5
	—	99.8	59.0	17.2	12.9
	—	−580	−304	−184	−187
	—	−17.4	−14.0	−18.7	−17.2
	—	−2.9	−4.9	−8.3	−0.6
	—	−3.1	3.7	1.9	16.5
	—	6.1	7.4	4.7	5.8
	—	71.0	−84.3	10.4	−205
	—	−28.3	−32.9	−70.8	11.0
	—	−21.7	−13.2	23.6	106
	—	35.3	27.0	−159	2.9
	—	−157	−198	59.0	136
	—	405	405	−155	−355
	—	59.2	17.1	233	−194
	—	8.0	−10.8	5.5	−29.1
	—	−183	116	181	54.5
	—	163	−354	−114	−84.0
	—	−21.1	−7.9	−96.4	−219
	—	−2.2	−5.3	49.0	−3.7
	—	28.3	62.5	26.5	19.9
	—	5.6	3.4	−0.5	−124
Cash from operating activities
	9,027	7,767	7,135	2,784	1,955
	—	592	390	571	−300
	—	8,360	7,525	3,354	1,655
	—	1,922	1,719	635	747
	—	6,438	5,806	2,719	908
Cash from investing activities
	—	2,035	1,176	1,561	1,305
	—	3.3	25.7	96.3	229
	—	14.0	35.8	12.4	9.2
	—	0.0	0.0	27.0	12.0
	—	22.3	22.9	18.7	17.2
	—	433	211	183	54.5
	—	2,631	0.0	0.0	0.0
	—	0.0	−3,039	−531	1,131
	—	−4,200	−3,971	−2,000	−334
Cash from financing activities
	—	0.0	85.1	0.0	0.0
	—	124	0.0	0.0	0.0
	—	4.6	3.8	3.7	3.7
	—	56.9	2.3	0.3	1.5
	—	2,020	1,837	735	918
	—	−2,206	−1,758	−739	−924
	—	32.1	77.9	−19.8	−350
	—	32.1	77.9	−19.8	−350
	—	—	—	43.5	63.3
Reference items
	9,162	7,947	7,565	2,873	2,448
	47.4%	44.5%	45.1%	21.9%	17.2%
	4,400	4,400	4,605	1,063	−626
	—	4,218	4,688	1,054	—
	₹23.95	₹23.95	₹25.07	₹5.79	−₹3.41
	13.51×	—	—	—	—
	—	1.11×	1.10×	1.37×	0.63×
	—	1,922	1,719	635	747
	—	56.9	2.3	0.3	1.5

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

alphave

NATIONALUM₹323.50

National Aluminium Co. Ltd.

· Metal & Mining

₹ CrorePeersHINDALCO VEDL SAIL NMDC JINDALSTEL HINDZINC JSWSTEEL ADANIENTMcap ₹59,415 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	715.8	749.7	727.6	745.4	—
+ Impairment Loss / (Reversal)	36.5	16.6	-9.4	-17.8	—
+ Finance Costs	12.9	17.2	59.0	99.8	—
+ Interest Income	-187.2	-184.1	-303.9	-580.0	—
+ Dividend Income	-17.2	-18.7	-14.0	-17.4	—
+ Fair Value (Gains) / Losses	-0.6	-8.3	-4.9	-2.9	—
+ Unrealised FX (Gain) / Loss	16.5	1.9	3.7	-3.1	—
+ Other Reconciling Items	5.8	4.7	7.4	6.1	—
Changes in Working Capital
+ Inventories	-205.0	10.4	-84.3	71.0	—
+ Trade Receivables — Current	11.0	-70.8	-32.9	-28.3	—
+ Other Financial Assets — Current	106.4	23.6	-13.2	-21.7	—
+ Other Financial Assets — Non-current	2.9	-159.4	27.0	35.3	—
+ Other Current Assets	136.4	59.0	-197.6	-157.2	—
+ Other Non-current Assets	-355.2	-154.6	404.6	405.1	—
+ Trade Payables — Current	-193.8	232.9	17.1	59.2	—
+ Trade Payables — Non-current	-29.1	5.5	-10.8	8.0	—
+ Other Financial Liabilities — Current	54.5	181.0	115.8	-182.7	—
+ Other Financial Liabilities — Non-current	-84.0	-114.5	-353.8	162.6	—
+ Other Current Liabilities	-219.2	-96.4	-7.9	-21.1	—
+ Other Non-current Liabilities	-3.7	49.0	-5.3	-2.2	—
+ Provisions — Current	19.9	26.5	62.5	28.3	—
+ Provisions — Non-current	-123.6	-0.5	3.4	5.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,955.0	2,783.6	7,135.1	7,767.5	9,027.1
+ Total Adjustments (incl. Working Capital)	-300.1	570.5	390.1	592.1	—
Cash from Operations (pre-tax)	1,654.9	3,354.1	7,525.2	8,359.5	—
+ Income Taxes Paid	746.7	634.8	1,719.1	1,921.5	—
Cash from Operating Activities	908.2	2,719.3	5,806.1	6,438.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,305.4	1,560.5	1,175.6	2,035.2	—
+ Acq of Intangible Assets	228.6	96.3	25.7	3.3	—
+ Disp of Fixed Assets	9.2	12.4	35.8	14.0	—
+ Acq of Interests in Joint Ventures	12.0	27.0	0.0	0.0	—
+ Dividends Received — Investing	17.2	18.7	22.9	22.3	—
+ Interest Received — Investing	54.5	183.1	211.1	433.3	—
+ Income Taxes (Paid) / Refund — Investing	0.0	0.0	0.0	2,631.0	—
+ Other Inflows / (Outflows) — Investing	1,130.9	-530.9	-3,039.0	0.0	—
Cash from Investing Activities	-334.3	-2,000.5	-3,970.5	-4,199.9	—
Cash from Financing Activities
+ Proceeds from Borrowings	0.0	0.0	85.1	0.0	—
+ Repayment of Borrowings	0.0	0.0	0.0	124.2	—
+ Payment of Lease Liabilities	3.7	3.7	3.8	4.6	—
+ Interest Paid	1.5	0.3	2.3	56.9	—
+ Dividends Paid	918.3	734.7	1,836.6	2,020.3	—
Cash from Financing Activities	-923.5	-738.7	-1,757.7	-2,206.0	—
Net Changes in Cash (pre-FX)	-349.5	-19.8	77.9	32.1	—
Net Changes in Cash	-349.5	-19.8	77.9	32.1	—
Closing Cash	63.3	43.5	—	—	—
Reference Items
EBITDA	2,448.1	2,872.9	7,564.6	7,946.8	9,162.1
EBITDA Margin %	17.17	21.85	45.06	44.54	47.38
Free Cash Flow (CFO − Capex)	-625.8	1,062.5	4,604.8	4,399.5	4,399.5
Free Cash Flow to Equity	—	1,053.7	4,687.6	4,218.4	—
Free Cash Flow per Basic Share	-3.41	5.79	25.07	23.95	23.95
Price to Free Cash Flow	—	—	—	—	13.51
Cash Flow to Net Income	0.63	1.37	1.10	1.11	—
Cash Paid for Taxes	746.7	634.8	1,719.1	1,921.5	—
Cash Paid for Interest	1.5	0.3	2.3	56.9	—

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.

« ‹ › »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%.