Pennar Industries cash flow

Latest FY26

Cash from operations: ₹202cr−21.0% on FY25
Capital spending: ₹328cr+160.2% on FY25
Free cash flow: −₹126cr₹130 cr in FY25
Cash from financing: ₹211cr−₹100 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.
	—	84.2	68.9	66.5	65.0
	—	−17.6	−19.5	0.1	13.9
	—	138	120	115	91.2
	—	−8.2	−4.2	−5.7	−4.2
	—	0.4	0.1	0.1	0.2
	—	−9.4	1.6	−1.1	−5.1
	—	4.2	2.3	2.0	0.7
	—	28.3	5.2	13.1	19.2
	—	14.9	3.2	6.2	0.0
	—	−14.0	−5.7	−22.5	−8.1
	—	−75.1	−110	−42.5	−140
	—	−122	−53.3	−129	22.5
	—	9.0	6.5	5.4	0.0
	—	−45.8	−43.8	−10.1	0.0
	—	0.0	0.0	0.0	4.8
	—	36.6	91.9	229	47.9
	—	46.7	77.8	−93.5	47.8
	—	0.0	0.0	0.0	4.7
Cash from operating activities
	186	180	158	131	98.4
	—	61.4	137	129	159
	—	241	296	261	258
	—	38.9	39.6	36.0	13.5
	—	202	256	225	244
Cash from investing activities
	—	328	126	247	71.3
	—	0.2	0.0	0.1	0.3
	—	6.4	0.0	0.0	0.0
	—	4.2	19.6	10.2	18.7
	—	0.0	1.8	2.8	0.0
	—	1.2	0.0	0.0	0.0
	—	0.0	5.9	0.0	0.0
	—	10.1	0.0	0.0	0.0
	—	1.2	0.0	0.0	0.0
	—	7.2	4.9	5.3	4.7
	—	−18.5	4.4	−23.0	19.7
	—	−349	−105	−257	−28.0
Cash from financing activities
	—	0.0	0.0	0.0	37.2
	—	448	111	175	94.8
	—	81.8	71.0	63.0	62.1
	—	22.7	27.9	19.7	22.9
	—	—	—	6.2	0.0
	—	133	113	108	85.2
	—	211	−100	−22.3	−113
	—	63.9	50.6	−54.3	104
	—	0.3	1.0	1.1	1.7
	—	64.2	51.6	−53.2	105
	—	—	—	89.8	143
Reference items
	362	355	310	273	221
	9.9%	9.8%	9.6%	8.7%	7.6%
	−126	−126	130	−21.9	173
	—	108	58.2	−17.5	—
	−₹9.35	−₹9.35	₹9.62	−₹1.62	₹12.81
	—	1.46×	2.14×	2.28×	3.24×
	—	38.9	39.6	36.0	13.5
	—	133	113	108	85.2

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

alphave

PENIND₹158.24

Pennar Industries Limited

· Capital Goods & Defence

₹ CrorePeersHLEGLAS EPACKPEB KABRAEXTRU HONDAPOWER HPL JNKINDIA JASH WINDMACHINMcap ₹2,135 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	65.0	66.5	68.9	84.2	—
+ Impairment Loss / (Reversal)	13.9	0.1	-19.5	-17.6	—
+ Finance Costs	91.2	115.4	119.6	137.5	—
+ Interest Income	-4.2	-5.7	-4.2	-8.2	—
+ Fair Value (Gains) / Losses	0.2	0.1	0.1	0.4	—
+ Unrealised FX (Gain) / Loss	-5.1	-1.1	1.6	-9.4	—
+ Undistributed Profits of Associates	0.7	2.0	2.3	4.2	—
+ Other Non-cash Items	19.2	13.1	5.2	28.3	—
+ Other — Cash Effects are Investing / Financing	0.0	6.2	3.2	14.9	—
+ Other Reconciling Items	-8.1	-22.5	-5.7	-14.0	—
Changes in Working Capital
+ Inventories	-139.9	-42.5	-110.2	-75.1	—
+ Trade Receivables — Current	22.5	-128.9	-53.3	-122.0	—
+ Trade Receivables — Non-current	0.0	5.4	6.5	9.0	—
+ Other Current Assets	0.0	-10.1	-43.8	-45.8	—
+ Other Non-current Assets	4.8	0.0	0.0	0.0	—
+ Trade Payables — Current	47.9	228.9	91.9	36.6	—
+ Other Current Liabilities	47.8	-93.5	77.8	46.7	—
+ Provisions — Current	4.7	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	98.4	131.4	158.4	179.6	186.0
+ Total Adjustments (incl. Working Capital)	159.2	129.3	137.2	61.4	—
Cash from Operations (pre-tax)	257.6	260.7	295.6	241.0	—
+ Income Taxes Paid	13.5	36.0	39.6	38.9	—
Cash from Operating Activities	244.1	224.7	256.0	202.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	71.3	246.6	126.2	328.3	—
+ Disp of Fixed Assets	0.3	0.1	0.0	0.2	—
+ Acq of Investment Property	0.0	0.0	0.0	6.4	—
+ Disp of Investment Property	18.7	10.2	19.6	4.2	—
+ Acq of Other Long-term Assets	0.0	2.8	1.8	0.0	—
+ Disp of Other Long-term Assets	0.0	0.0	0.0	1.2	—
+ Acq of Interests in Joint Ventures	0.0	0.0	5.9	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	10.1	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	0.0	1.2	—
+ Interest Received — Investing	4.7	5.3	4.9	7.2	—
+ Other Inflows / (Outflows) — Investing	19.7	-23.0	4.4	-18.5	—
Cash from Investing Activities	-28.0	-256.8	-105.0	-349.3	—
Cash from Financing Activities
+ Buyback / Redemption of Own Shares	37.2	0.0	0.0	0.0	—
+ Proceeds from Borrowings	94.8	174.9	111.3	448.2	—
+ Repayment of Borrowings	62.1	63.0	71.0	81.8	—
+ Payment of Lease Liabilities	22.9	19.7	27.9	22.7	—
+ Payment of Finance Lease Liabilities	0.0	6.2	—	—	—
+ Interest Paid	85.2	108.3	112.8	132.7	—
Cash from Financing Activities	-112.6	-22.3	-100.4	211.1	—
Net Changes in Cash (pre-FX)	103.6	-54.3	50.6	63.9	—
+ Effect of FX Rate Changes on Cash	1.7	1.1	1.0	0.3	—
Net Changes in Cash	105.2	-53.2	51.6	64.2	—
Closing Cash	143.0	89.8	—	—	—
Reference Items
EBITDA	221.2	273.0	310.2	355.1	361.8
EBITDA Margin %	7.64	8.72	9.61	9.81	9.93
Free Cash Flow (CFO − Capex)	172.8	-21.9	129.8	-126.2	-126.2
Free Cash Flow to Equity	—	-17.5	58.2	107.6	—
Free Cash Flow per Basic Share	12.81	-1.62	9.62	-9.35	-9.35
Cash Flow to Net Income	3.24	2.28	2.14	1.46	—
Cash Paid for Taxes	13.5	36.0	39.6	38.9	—
Cash Paid for Interest	85.2	108.3	112.8	132.7	—

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%.