NCL Industries cash flow

Latest FY26

Cash from operations: ₹145cr+68.2% on FY25
Capital spending: ₹110cr−6.8% on FY25
Free cash flow: ₹35.2cr−₹31.7 cr in FY25
Cash from financing: −₹48.9cr−₹4.8 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.
	—	58.1	56.6	56.1	49.2
	—	14.7	0.0	0.0	0.0
	—	20.1	20.1	23.0	26.2
	—	−0.6	−0.8	−0.8	0.0
	—	0.0	0.0	0.0	−2.6
	—	−33.0	2.7	0.1	0.0
	—	85.1	−71.1	−27.4	−20.8
	—	17.5	6.8	−1.0	15.4
	—	2.7	−17.3	7.5	−13.3
	—	0.0	0.0	0.0	−0.0
	—	−14.5	15.4	5.3	46.8
	—	−6.4	0.0	0.0	0.0
	—	−88.6	61.8	3.1	18.4
	—	5.0	3.7	17.1	10.2
	—	−17.9	4.9	−10.3	14.6
	—	3.3	−22.7	−4.7	11.5
	—	0.0	−6.3	0.2	0.3
	—	0.1	−0.5	1.1	0.1
	—	0.5	0.0	0.3	3.2
Cash from operating activities
	119	137	42.8	147	91.2
	—	46.2	53.4	69.7	159
	—	183	96.2	216	250
	—	0.0	0.0	0.0	26.2
	—	38.4	10.1	33.4	42.2
	—	145	86.2	183	182
Cash from investing activities
	—	110	118	61.9	103
	—	1.7	3.3	2.3	0.0
	—	0.0	0.0	0.0	7.3
	—	0.6	2.6	0.8	0.0
	—	−0.1	0.8	−0.3	0.0
	—	−108	−111	−59.1	−95.8
Cash from financing activities
	—	57.6	93.9	20.6	−5.1
	—	69.9	63.0	94.9	37.9
	—	1.0	0.8	0.0	0.0
	—	19.8	19.0	22.4	0.0
	—	15.8	15.8	13.6	13.6
	—	−48.9	−4.8	−110	−56.6
	—	−11.6	−29.8	13.4	29.5
	—	−11.6	−29.8	13.4	29.5
	—	—	—	13.4	40.2
Reference items
	176	190	109	207	148
	12.3%	13.4%	7.7%	11.1%	9.2%
	35.2	35.2	−31.7	121	78.8
	—	3.1	−19.8	24.1	—
	₹7.77	₹7.77	−₹7.00	₹26.72	₹17.43
	20.72×	—	—	—	—
	—	1.52×	3.42×	1.96×	4.11×
	—	38.4	10.1	33.4	42.2
	—	19.8	19.0	22.4	26.2

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

alphave

NCLIND₹161.04

NCL Industries Limited

· Infrastructure

₹ CrorePeersDECCANCE VISAKAIND SAURASHCEM BIGBLOC SHREDIGCEM ACL APCL SAGCEMMcap ₹728 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	49.2	56.1	56.6	58.1	—
+ Impairment Loss / (Reversal)	0.0	0.0	0.0	14.7	—
+ Finance Costs	26.2	23.0	20.1	20.1	—
+ Interest Income	0.0	-0.8	-0.8	-0.6	—
+ Other Non-cash Items	-2.6	0.0	0.0	0.0	—
+ Other Reconciling Items	0.0	0.1	2.7	-33.0	—
Changes in Working Capital
+ Inventories	-20.8	-27.4	-71.1	85.1	—
+ Trade Receivables — Current	15.4	-1.0	6.8	17.5	—
+ Other Financial Assets — Current	-13.3	7.5	-17.3	2.7	—
+ Other Financial Assets — Non-current	-0.0	0.0	0.0	0.0	—
+ Other Current Assets	46.8	5.3	15.4	-14.5	—
+ Other Non-current Assets	0.0	0.0	0.0	-6.4	—
+ Trade Payables — Current	18.4	3.1	61.8	-88.6	—
+ Other Financial Liabilities — Current	10.2	17.1	3.7	5.0	—
+ Other Financial Liabilities — Non-current	14.6	-10.3	4.9	-17.9	—
+ Other Current Liabilities	11.5	-4.7	-22.7	3.3	—
+ Other Non-current Liabilities	0.3	0.2	-6.3	0.0	—
+ Provisions — Current	0.1	1.1	-0.5	0.1	—
+ Provisions — Non-current	3.2	0.3	0.0	0.5	—
Cash from Operating Activities
Profit Before Tax (per I/S)	91.2	146.6	42.8	137.3	119.0
+ Total Adjustments (incl. Working Capital)	159.1	69.7	53.4	46.2	—
Cash from Operations (pre-tax)	250.3	216.2	96.2	183.4	—
+ Interest Paid — Operating	26.2	0.0	0.0	0.0	—
+ Income Taxes Paid	42.2	33.4	10.1	38.4	—
Cash from Operating Activities	181.9	182.8	86.2	145.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	103.1	61.9	117.8	109.8	—
+ Disp of Fixed Assets	0.0	2.3	3.3	1.7	—
+ Disp of Investment Property	7.3	0.0	0.0	0.0	—
+ Interest Received — Investing	0.0	0.8	2.6	0.6	—
+ Other Inflows / (Outflows) — Investing	0.0	-0.3	0.8	-0.1	—
Cash from Investing Activities	-95.8	-59.1	-111.1	-107.7	—
Cash from Financing Activities
+ Proceeds from Borrowings	-5.1	20.6	93.9	57.6	—
+ Repayment of Borrowings	37.9	94.9	63.0	69.9	—
+ Payment of Lease Liabilities	0.0	0.0	0.8	1.0	—
+ Interest Paid	0.0	22.4	19.0	19.8	—
+ Dividends Paid	13.6	13.6	15.8	15.8	—
Cash from Financing Activities	-56.6	-110.3	-4.8	-48.9	—
Net Changes in Cash (pre-FX)	29.5	13.4	-29.8	-11.6	—
Net Changes in Cash	29.5	13.4	-29.8	-11.6	—
Closing Cash	40.2	13.4	—	—	—
Reference Items
EBITDA	147.8	206.7	109.2	190.0	176.0
EBITDA Margin %	9.18	11.05	7.74	13.36	12.29
Free Cash Flow (CFO − Capex)	78.8	120.9	-31.7	35.2	35.2
Free Cash Flow to Equity	—	24.1	-19.8	3.1	—
Free Cash Flow per Basic Share	17.43	26.72	-7.00	7.77	7.77
Price to Free Cash Flow	—	—	—	—	20.72
Cash Flow to Net Income	4.11	1.96	3.42	1.52	—
Cash Paid for Taxes	42.2	33.4	10.1	38.4	—
Cash Paid for Interest	26.2	22.4	19.0	19.8	—

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%.