PI Industries cash flow

Latest FY26

Cash from operations: ₹474cr−66.5% on FY25
Capital spending: ₹1,118cr+31.5% on FY25
Free cash flow: −₹644cr₹563 cr in FY25
Cash from financing: −₹171cr−₹287 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.
	—	407	353	308	227
	—	0.0	46.0	16.8	0.0
	—	16.4	33.0	30.0	37.1
	—	−209	−223	−125	−84.8
	—	−51.2	−55.2	−65.9	−35.4
	—	0.7	3.4	0.0	0.0
	—	16.8	−14.8	−4.9	−34.9
	—	−93.7	−39.3	0.3	6.2
	—	6.0	3.3	0.0	0.0
	—	0.0	4.3	0.0	6.8
	—	−233	341	205	25.7
	—	−513	−736	−27.6	110
	—	−36.3	−0.7	−33.9	2.1
	—	2.8	6.0	30.7	−3.6
	—	−59.4	−29.0	−113	103
	—	−0.6	0.1	0.1	0.0
	—	0.0	0.8	0.0	4.4
	—	−241	−67.6	240	−60.0
	—	112	41.5	99.5	10.8
	—	13.8	−0.4	−4.1	6.3
	—	−3.6	3.0	−23.0	3.6
	—	0.0	0.0	−17.6	0.1
	—	13.3	−5.6	11.2	2.4
Cash from operating activities
	1,506	1,690	2,138	1,884	1,438
	—	−852	−341	527	320
	—	839	1,797	2,411	1,757
	—	365	384	375	256
	—	474	1,413	2,036	1,501
Cash from investing activities
	—	1,118	850	620	326
	—	11.4	12.1	1.4	3.8
	—	0.0	−355	0.0	0.0
	—	0.0	0.0	634	0.0
	—	209	223	153	84.8
	—	284	−454	−701	−259
	—	−614	−1,424	−1,801	−496
Cash from financing activities
	—	116	14.9	24.8	0.0
	—	13.2	34.1	0.0	267
	—	30.0	25.8	26.7	0.0
	—	16.4	13.9	45.3	34.2
	—	228	228	174	114
	—	0.0	0.0	0.0	−68.3
	—	−171	−287	−222	−483
	—	−311	−298	13.8	522
	—	1.5	3.5	0.0	0.0
	—	−309	−294	13.8	522
	—	—	—	13.8	873
Reference items
	1,548	1,700	2,179	2,015	1,542
	23.8%	25.3%	27.3%	26.3%	23.8%
	−644	−644	563	1,416	1,175
	—	−534	533	1,498	—
	−₹42.36	−₹42.36	₹37.04	₹93.13	₹77.31
	—	0.36×	0.85×	1.21×	1.22×
	—	365	384	375	256
	—	16.4	13.9	45.3	34.2

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

alphave

PIIND₹2,110.00

PI Industries Ltd.

· Chemicals

₹ CrorePeersUPL RALLIS SUMICHEM COROMANDEL SRF SOLARINDS PIDILITIND BASFMcap ₹32,072 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	226.5	308.2	352.5	406.6	—
+ Impairment Loss / (Reversal)	0.0	16.8	46.0	0.0	—
+ Finance Costs	37.1	30.0	33.0	16.4	—
+ Interest Income	-84.8	-124.9	-222.7	-208.5	—
+ Fair Value (Gains) / Losses	-35.4	-65.9	-55.2	-51.2	—
+ Share-based Payments	0.0	0.0	3.4	0.7	—
+ Unrealised FX (Gain) / Loss	-34.9	-4.9	-14.8	16.8	—
+ Other Non-cash Items	6.2	0.3	-39.3	-93.7	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	3.3	6.0	—
+ Other Reconciling Items	6.8	0.0	4.3	0.0	—
Changes in Working Capital
+ Inventories	25.7	204.5	341.0	-232.8	—
+ Trade Receivables — Current	110.0	-27.6	-736.3	-513.2	—
+ Other Financial Assets — Current	2.1	-33.9	-0.7	-36.3	—
+ Other Financial Assets — Non-current	-3.6	30.7	6.0	2.8	—
+ Other Current Assets	103.2	-112.5	-29.0	-59.4	—
+ Other Non-current Assets	0.0	0.1	0.1	-0.6	—
+ Other Bank Balances	4.4	0.0	0.8	0.0	—
+ Trade Payables — Current	-60.0	239.8	-67.6	-240.9	—
+ Other Financial Liabilities — Current	10.8	99.5	41.5	112.1	—
+ Other Financial Liabilities — Non-current	6.3	-4.1	-0.4	13.8	—
+ Other Current Liabilities	3.6	-23.0	3.0	-3.6	—
+ Provisions — Current	0.1	-17.6	0.0	0.0	—
+ Provisions — Non-current	2.4	11.2	-5.6	13.3	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,437.5	1,884.2	2,137.7	1,690.4	1,505.7
+ Total Adjustments (incl. Working Capital)	319.7	526.7	-341.0	-851.7	—
Cash from Operations (pre-tax)	1,757.2	2,410.9	1,796.7	838.7	—
+ Income Taxes Paid	255.8	375.0	383.7	364.7	—
Cash from Operating Activities	1,501.4	2,035.9	1,413.0	474.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	326.3	620.4	850.0	1,117.8	—
+ Disp of Fixed Assets	3.8	1.4	12.1	11.4	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	-355.4	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	633.7	0.0	0.0	—
+ Interest Received — Investing	84.8	153.2	222.7	208.5	—
+ Other Inflows / (Outflows) — Investing	-258.5	-701.0	-453.6	284.4	—
Cash from Investing Activities	-496.2	-1,800.5	-1,424.2	-613.5	—
Cash from Financing Activities
+ Proceeds from Borrowings	0.0	24.8	14.9	116.4	—
+ Repayment of Borrowings	266.9	0.0	34.1	13.2	—
+ Payment of Lease Liabilities	0.0	26.7	25.8	30.0	—
+ Interest Paid	34.2	45.3	13.9	16.4	—
+ Dividends Paid	113.7	174.4	227.6	227.8	—
+ Other Inflows / (Outflows) — Financing	-68.3	0.0	0.0	0.0	—
Cash from Financing Activities	-483.1	-221.6	-286.5	-171.0	—
Net Changes in Cash (pre-FX)	522.1	13.8	-297.7	-310.5	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	3.5	1.5	—
Net Changes in Cash	522.1	13.8	-294.2	-309.0	—
Closing Cash	872.7	13.8	—	—	—
Reference Items
EBITDA	1,542.1	2,014.7	2,179.0	1,699.6	1,547.9
EBITDA Margin %	23.75	26.28	27.31	25.32	23.76
Free Cash Flow (CFO − Capex)	1,175.1	1,415.5	563.0	-643.8	-643.8
Free Cash Flow to Equity	—	1,498.1	532.9	-533.6	—
Free Cash Flow per Basic Share	77.31	93.13	37.04	-42.36	-42.36
Cash Flow to Net Income	1.22	1.21	0.85	0.36	—
Cash Paid for Taxes	255.8	375.0	383.7	364.7	—
Cash Paid for Interest	34.2	45.3	13.9	16.4	—

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%.