Paras Defence and Space Technologies cash flow

Latest FY26

Cash from operations: ₹24.6cr−45.1% on FY25
Capital spending: ₹37.8cr+7.2% on FY25
Free cash flow: −₹13.2cr₹9.6 cr in FY25
Cash from financing: −₹16.6cr₹73.7 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.
	—	17.0	14.9	13.4	11.3
	—	0.0	0.0	0.5	0.0
	—	4.7	6.6	5.4	6.7
	—	−8.1	−3.3	−3.2	−2.9
	—	0.0	−0.0	0.0	−0.0
	—	−5.0	−1.9	−4.8	−4.4
	—	1.4	0.3	0.0	0.0
	—	0.6	0.2	0.1	−0.0
	—	−0.0	2.4	1.5	0.1
	—	0.0	−1.5	0.0	0.0
	—	0.0	0.0	0.0	0.9
	—	−8.8	−0.7	−56.8	−26.8
	—	−90.1	−96.8	−73.2	−18.7
	—	−2.9	0.0	0.0	0.0
	—	28.2	55.8	37.3	40.6
	—	−1.7	0.0	0.0	0.0
	—	5.4	3.6	5.4	1.5
Cash from operating activities
	140	118	83.6	40.5	47.0
	—	−59.4	−20.4	−74.4	8.3
	—	58.3	63.2	−33.9	55.2
	—	33.7	18.4	11.7	9.5
	—	24.6	44.8	−45.6	45.8
Cash from investing activities
	—	37.8	35.2	26.0	25.3
	—	2.9	0.1	0.2	1.6
	—	0.0	0.0	3.0	2.0
	—	0.0	0.0	0.0	0.0
	—	0.0	7.3	0.0	0.0
	—	0.0	10.0	8.9	11.4
	—	6.5	0.6	0.0	0.0
	—	17.0	16.0	10.7	11.3
	—	26.7	8.1	18.2	0.0
	—	0.0	0.0	0.0	0.0
	—	7.2	3.4	3.0	3.8
	—	−5.7	−45.3	19.5	50.2
	—	−17.2	−87.0	−1.7	9.6
Cash from financing activities
	—	0.0	132	0.5	0.0
	—	0.0	1.6	50.3	1.2
	—	−10.9	43.1	0.3	24.8
	—	0.5	0.4	0.0	0.0
	—	3.3	5.2	4.6	6.0
	—	4.0	0.0	0.0	0.0
	—	−19.7	−10.8	−12.7	−10.9
	—	−16.6	73.7	33.1	−40.4
	—	−9.3	31.5	−14.1	14.9
	—	0.2	0.0	0.0	0.0
	—	−9.1	31.5	−14.1	14.9
	—	—	—	3.0	17.1
Reference items
	145	120	97.2	51.1	56.8
	26.1%	25.3%	26.7%	20.1%	25.5%
	−13.2	−13.2	9.6	−71.6	20.4
	—	−13.0	−37.1	−26.2	—
	−₹1.63	−₹1.63	₹1.19	−₹8.88	₹2.53
	—	0.28×	0.73×	−1.52×	1.27×
	—	33.7	18.4	11.7	9.5
	—	3.3	5.2	4.6	6.0

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

alphave

PARAS₹1,329.70

Paras Defence and Space Technologies Ltd.

· Capital Goods & Defence

₹ CrorePeersDATAPATTNS MTARTECH ZENTEC OSWALPUMPS PRAJIND MIDHANI QPOWER MAHSEAMLESMcap ₹10,715 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	11.3	13.4	14.9	17.0	—
+ Impairment Loss / (Reversal)	0.0	0.5	0.0	0.0	—
+ Finance Costs	6.7	5.4	6.6	4.7	—
+ Interest Income	-2.9	-3.2	-3.3	-8.1	—
+ Dividend Income	-0.0	0.0	-0.0	0.0	—
+ Fair Value (Gains) / Losses	-4.4	-4.8	-1.9	-5.0	—
+ Share-based Payments	0.0	0.0	0.3	1.4	—
+ Unrealised FX (Gain) / Loss	-0.0	0.1	0.2	0.6	—
+ Other Non-cash Items	0.1	1.5	2.4	-0.0	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-1.5	0.0	—
+ Other Reconciling Items	0.9	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-26.8	-56.8	-0.7	-8.8	—
+ Trade Receivables — Current	-18.7	-73.2	-96.8	-90.1	—
+ Other Financial Assets — Non-current	0.0	0.0	0.0	-2.9	—
+ Trade Payables — Current	40.6	37.3	55.8	28.2	—
+ Other Current Liabilities	0.0	0.0	0.0	-1.7	—
+ Provisions — Current	1.5	5.4	3.6	5.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	47.0	40.5	83.6	117.7	140.5
+ Total Adjustments (incl. Working Capital)	8.3	-74.4	-20.4	-59.4	—
Cash from Operations (pre-tax)	55.2	-33.9	63.2	58.3	—
+ Income Taxes Paid	9.5	11.7	18.4	33.7	—
Cash from Operating Activities	45.8	-45.6	44.8	24.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	25.3	26.0	35.2	37.8	—
+ Disp of Fixed Assets	1.6	0.2	0.1	2.9	—
+ Disp of Other Long-term Assets	2.0	3.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	7.3	0.0	—
+ Acq of Subsidiaries / Businesses (net)	11.4	8.9	10.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	0.6	6.5	—
+ Loans & Advances Made	11.3	10.7	16.0	17.0	—
+ Loans & Advances Repaid	0.0	18.2	8.1	26.7	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	3.8	3.0	3.4	7.2	—
+ Other Inflows / (Outflows) — Investing	50.2	19.5	-45.3	-5.7	—
Cash from Investing Activities	9.6	-1.7	-87.0	-17.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.5	131.5	0.0	—
+ Proceeds from Borrowings	1.2	50.3	1.6	0.0	—
+ Repayment of Borrowings	24.8	0.3	43.1	-10.9	—
+ Payment of Lease Liabilities	0.0	0.0	0.4	0.5	—
+ Interest Paid	6.0	4.6	5.2	3.3	—
+ Dividends Paid	0.0	0.0	0.0	4.0	—
+ Other Inflows / (Outflows) — Financing	-10.9	-12.7	-10.8	-19.7	—
Cash from Financing Activities	-40.4	33.1	73.7	-16.6	—
Net Changes in Cash (pre-FX)	14.9	-14.1	31.5	-9.3	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	0.0	0.2	—
Net Changes in Cash	14.9	-14.1	31.5	-9.1	—
Closing Cash	17.1	3.0	—	—	—
Reference Items
EBITDA	56.8	51.1	97.2	120.5	145.3
EBITDA Margin %	25.51	20.14	26.66	25.28	26.09
Free Cash Flow (CFO − Capex)	20.4	-71.6	9.6	-13.2	-13.2
Free Cash Flow to Equity	—	-26.2	-37.1	-13.0	—
Free Cash Flow per Basic Share	2.53	-8.88	1.19	-1.63	-1.63
Cash Flow to Net Income	1.27	-1.52	0.73	0.28	—
Cash Paid for Taxes	9.5	11.7	18.4	33.7	—
Cash Paid for Interest	6.0	4.6	5.2	3.3	—

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%.