NMDC Steel cash flow

Latest FY26

Cash from operations: ₹1,796cr−8.7% on FY25
Capital spending: ₹271cr−36.7% on FY25
Free cash flow: ₹1,525cr−0.9% on FY25
Cash from financing: −₹1,902cr−₹1,460 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

Adjustments to reconcile profit — non-cash items
	—	1,042	953	553	0.0
	—	487	652	331	0.0
	—	−68.8	−62.8	−41.4	0.0
	—	0.2	−1.1	0.0	0.0
	—	0.0	0.0	0.5	0.0
Changes in working capital
	—	−841	647	−2,844	−820
	—	18.4	−160	−37.0	0.0
	—	0.7	−2.3	0.0	0.0
	—	98.4	885	−407	−478
	—	2.7	0.0	0.0	0.0
	—	−77.6	6.0	0.0	0.0
	—	1,212	2,329	2,113	87.3
	—	−353	−214	0.0	0.0
	—	184	261	−187	2,734
	—	1.6	0.0	0.0	0.0
	—	16.1	0.0	0.0	0.0
Cash from operating activities
	114	75.8	−3,322	−2,201	0.0
	—	1,723	5,292	−520	1,524
	—	1,799	1,970	−2,721	1,524
	—	3.2	4.3	12.1	7.6
	—	1,796	1,966	−2,733	1,516
Cash from investing activities
	—	271	428	0.0	2,155
	—	0.0	0.0	−584	0.0
	—	0.0	0.0	142	33.4
	—	72.3	58.8	35.8	0.0
	—	307	−137	0.0	0.0
	—	109	−506	−690	−2,189
Cash from financing activities
	—	0.0	218	2,810	2,151
	—	1,296	972	0.0	0.0
	—	0.1	−1.2	−10.1	0.0
	—	487	652	331	0.0
	—	−120	−55.0	319	−858
	—	−1,902	−1,460	2,808	1,293
	—	1.8	0.4	−614	620
	—	1.8	0.4	−614	620
	—	—	—	6.7	621
Reference items
	1,510	1,518	−1,788	−1,437	0.0
	10.8%	11.1%	−21.0%	−47.1%	—
	1,525	1,525	1,538	−2,733	−639
	—	−257	132	−253	—
	₹5.20	₹5.20	₹5.25	−₹9.32	−₹2.18
	7.48×	—	—	—	—
	—	30.58×	−0.83×	1.75×	—
	—	3.2	4.3	12.1	7.6
	—	487	652	331	—

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

alphave

NSLNISP₹38.92

NMDC Steel Ltd.

· Metal & Mining

₹ CrorePeersJSWSTEEL TATASTEEL SAIL JAINREC POCL GRAVITA SARDAEN GMDCLTDMcap ₹11,406 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	0.0	552.8	953.0	1,041.8	—
+ Finance Costs	0.0	330.6	651.9	486.6	—
+ Interest Income	0.0	-41.4	-62.8	-68.8	—
+ Other Non-cash Items	0.0	0.0	-1.1	0.2	—
+ Other Reconciling Items	0.0	0.5	0.0	0.0	—
Changes in Working Capital
+ Inventories	-819.9	-2,843.9	646.6	-840.6	—
+ Trade Receivables — Current	0.0	-37.0	-160.5	18.4	—
+ Other Financial Assets — Non-current	0.0	0.0	-2.3	0.7	—
+ Other Current Assets	-477.5	-407.2	885.0	98.4	—
+ Other Non-current Assets	0.0	0.0	0.0	2.7	—
+ Other Bank Balances	0.0	0.0	6.0	-77.6	—
+ Trade Payables — Current	87.3	2,112.6	2,329.0	1,212.0	—
+ Other Financial Liabilities — Current	0.0	0.0	-213.6	-353.1	—
+ Other Current Liabilities	2,733.7	-186.5	260.7	184.4	—
+ Provisions — Current	0.0	0.0	0.0	1.6	—
+ Provisions — Non-current	0.0	0.0	0.0	16.1	—
Cash from Operating Activities
Profit Before Tax (per I/S)	0.0	-2,201.0	-3,321.7	75.8	113.6
+ Total Adjustments (incl. Working Capital)	1,523.6	-519.5	5,292.0	1,722.9	—
Cash from Operations (pre-tax)	1,523.6	-2,720.5	1,970.2	1,798.7	—
+ Income Taxes Paid	7.6	12.1	4.3	3.2	—
Cash from Operating Activities	1,516.0	-2,732.7	1,966.0	1,795.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	2,155.2	0.0	427.6	270.6	—
+ Disp of Fixed Assets	0.0	-583.9	0.0	0.0	—
+ Acq of Investment Property	33.4	142.0	0.0	0.0	—
+ Interest Received — Investing	0.0	35.8	58.8	72.3	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	-136.9	307.1	—
Cash from Investing Activities	-2,188.6	-690.1	-505.7	108.7	—
Cash from Financing Activities
+ Proceeds from Borrowings	2,151.0	2,809.9	217.6	0.0	—
+ Repayment of Borrowings	0.0	0.0	971.7	1,295.7	—
+ Payment of Lease Liabilities	0.0	-10.1	-1.2	0.1	—
+ Interest Paid	0.0	330.6	651.9	486.6	—
+ Other Inflows / (Outflows) — Financing	-858.1	318.8	-55.0	-120.0	—
Cash from Financing Activities	1,293.0	2,808.3	-1,459.9	-1,902.4	—
Net Changes in Cash (pre-FX)	620.3	-614.5	0.4	1.8	—
Net Changes in Cash	620.3	-614.5	0.4	1.8	—
Closing Cash	621.1	6.7	—	—	—
Reference Items
EBITDA	0.0	-1,436.9	-1,788.3	1,518.2	1,510.1
EBITDA Margin %	—	-47.13	-21.03	11.13	10.83
Free Cash Flow (CFO − Capex)	-639.2	-2,732.7	1,538.4	1,524.9	1,524.9
Free Cash Flow to Equity	—	-253.4	132.4	-257.5	—
Free Cash Flow per Basic Share	-2.18	-9.32	5.25	5.20	5.20
Price to Free Cash Flow	—	—	—	—	7.48
Cash Flow to Net Income	—	1.75	-0.83	30.58	—
Cash Paid for Taxes	7.6	12.1	4.3	3.2	—
Cash Paid for Interest	—	330.6	651.9	486.6	—

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%.