| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 831 | 816 | 741 | 677 | ||
| — | 341 | 422 | 448 | 344 | ||
| — | −5.2 | −10.4 | −11.9 | 0.0 | ||
| — | −12.2 | −7.1 | 4.8 | −1.0 | ||
| — | 41.7 | 48.0 | 27.5 | 0.0 | ||
| — | 184 | 31.6 | 48.3 | 71.6 | ||
| — | 189 | 72.6 | 22.1 | 50.6 | ||
| — | 0.0 | 0.0 | 0.0 | 0.5 | ||
Changes in working capital | ||||||
| — | −798 | −197 | −532 | −173 | ||
| — | 217 | −233 | −391 | 89.3 | ||
| — | −22.7 | −26.4 | 18.9 | 76.3 | ||
| — | −19.6 | 0.1 | 0.7 | 76.7 | ||
| — | 6.6 | −36.5 | 20.8 | 13.9 | ||
| — | 13.8 | −7.2 | 2.4 | −137 | ||
| — | 778 | 18.2 | 404 | −265 | ||
| — | 12.4 | 74.8 | 29.8 | 44.1 | ||
| — | 0.0 | 0.0 | −5.0 | −24.1 | ||
| — | 314 | −108 | 183 | 0.0 | ||
| — | −7.9 | 20.8 | 22.7 | 0.0 | ||
| — | −0.6 | −0.7 | 4.4 | 0.4 | ||
| — | 33.0 | 8.1 | 6.8 | 2.5 | ||
Cash from operating activities | ||||||
| −37.8 | −233 | 342 | 120 | −174 | ||
| — | 2,096 | 885 | 1,045 | 847 | ||
| — | 1,863 | 1,227 | 1,165 | 673 | ||
| — | 0.0 | 0.0 | −3.8 | 0.0 | ||
| — | 210 | 334 | 157 | 189 | ||
| — | 1,653 | 892 | 1,005 | 484 | ||
Cash from investing activities | ||||||
| — | 890 | 664 | 712 | 965 | ||
| — | 13.4 | 5.3 | 1.6 | 19.7 | ||
| — | 2.2 | 0.0 | 0.0 | 0.0 | ||
| — | 992 | 1,872 | 1,671 | 1,209 | ||
| — | 888 | 1,999 | 1,943 | 834 | ||
| — | 0.0 | 0.0 | 0.0 | 20.4 | ||
| — | 37.7 | 46.3 | 22.1 | 75.4 | ||
| — | 5.6 | 0.0 | 0.0 | 0.0 | ||
| — | 109 | 8.3 | −18.0 | −73.7 | ||
| — | −826 | −477 | −434 | −1,339 | ||
Cash from financing activities | ||||||
| — | 0.0 | 0.0 | 1,050 | 0.0 | ||
| — | 2.8 | 0.0 | 0.0 | 0.0 | ||
| — | 0.0 | 0.0 | 14.1 | 0.0 | ||
| — | 1,887 | 4,660 | 1,661 | 4,385 | ||
| — | 1,567 | 4,611 | 2,632 | 3,186 | ||
| — | 47.3 | 36.7 | 24.9 | 42.6 | ||
| — | 296 | 438 | 0.0 | 271 | ||
| — | 18.6 | 14.5 | 0.0 | 67.0 | ||
| — | 0.0 | 0.0 | −462 | 0.0 | ||
| — | −39.0 | −441 | −422 | 818 | ||
| — | 788 | −26.0 | 148 | −37.1 | ||
| — | 6.4 | −10.9 | 17.8 | 5.2 | ||
| — | 794 | −36.9 | 166 | −32.0 | ||
| — | — | — | 219 | 53.2 | ||
Reference items | ||||||
| 1,200 | 922 | 1,445 | 1,196 | 628 | ||
| 12.3% | 10.4% | 15.8% | 14.6% | 8.9% | ||
| 763 | 763 | 228 | 293 | −481 | ||
| — | 1,241 | −49.1 | — | — | ||
| ₹5.75 | ₹5.75 | ₹1.72 | ₹2.20 | −₹3.62 | ||
| 40.16× | — | — | — | — | ||
| — | −5.07× | 9.79× | 56.37× | −2.60× | ||
| — | 210 | 334 | 157 | 189 | ||
| — | 296 | 438 | — | 271 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
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 | 676.7 | 740.6 | 816.3 | 831.2 | — | |
| + Finance Costs | 344.2 | 448.5 | 421.6 | 340.8 | — | |
| + Interest Income | 0.0 | -11.9 | -10.4 | -5.2 | — | |
| + Fair Value (Gains) / Losses | -1.0 | 4.8 | -7.1 | -12.2 | — | |
| + Share-based Payments | 0.0 | 27.5 | 48.0 | 41.7 | — | |
| + Unrealised FX (Gain) / Loss | 71.6 | 48.3 | 31.6 | 184.3 | — | |
| + Other Non-cash Items | 50.6 | 22.1 | 72.6 | 188.8 | — | |
| + Other Reconciling Items | 0.5 | 0.0 | 0.0 | 0.0 | — | |
| Changes in Working Capital | ||||||
| + Inventories | -172.6 | -531.8 | -197.1 | -798.1 | — | |
| + Trade Receivables — Current | 89.3 | -391.4 | -233.5 | 217.2 | — | |
| + Other Financial Assets — Current | 76.3 | 18.9 | -26.4 | -22.7 | — | |
| + Other Financial Assets — Non-current | 76.7 | 0.7 | 0.1 | -19.6 | — | |
| + Other Current Assets | 13.9 | 20.8 | -36.5 | 6.6 | — | |
| + Other Non-current Assets | -136.8 | 2.4 | -7.2 | 13.8 | — | |
| + Trade Payables — Current | -264.7 | 404.3 | 18.2 | 778.0 | — | |
| + Other Financial Liabilities — Current | 44.1 | 29.8 | 74.8 | 12.4 | — | |
| + Other Financial Liabilities — Non-current | -24.1 | -5.0 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | 0.0 | 183.2 | -108.3 | 314.4 | — | |
| + Other Non-current Liabilities | 0.0 | 22.7 | 20.8 | -7.9 | — | |
| + Provisions — Current | 0.4 | 4.4 | -0.7 | -0.6 | — | |
| + Provisions — Non-current | 2.5 | 6.8 | 8.1 | 33.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | -174.5 | 119.8 | 341.7 | -233.3 | -37.8 | |
| + Total Adjustments (incl. Working Capital) | 847.4 | 1,045.4 | 885.0 | 2,096.0 | — | |
| Cash from Operations (pre-tax) | 672.9 | 1,165.2 | 1,226.7 | 1,862.7 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | -3.8 | 0.0 | 0.0 | — | |
| + Income Taxes Paid | 189.0 | 156.8 | 334.4 | 210.2 | — | |
| Cash from Operating Activities | 483.9 | 1,004.5 | 892.3 | 1,652.6 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 964.8 | 712.0 | 664.4 | 890.0 | — | |
| + Disp of Fixed Assets | 19.7 | 1.6 | 5.3 | 13.4 | — | |
| + Disp of Other Long-term Assets | 0.0 | 0.0 | 0.0 | 2.2 | — | |
| + Purchase of Investments (Equity / Debt) | 1,209.1 | 1,670.7 | 1,872.4 | 991.7 | — | |
| + Sale of Investments (Equity / Debt) | 834.0 | 1,943.1 | 1,999.5 | 887.9 | — | |
| + Investment in Partnership Firms / LLPs | 20.4 | 0.0 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 75.4 | 22.1 | 46.3 | 37.7 | — | |
| + Interest Received — Investing | 0.0 | 0.0 | 0.0 | 5.6 | — | |
| + Other Inflows / (Outflows) — Investing | -73.7 | -18.0 | 8.3 | 108.7 | — | |
| Cash from Investing Activities | -1,338.8 | -434.0 | -477.5 | -826.0 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Issue of Shares | 0.0 | 1,050.0 | 0.0 | 0.0 | — | |
| + Proceeds from Exercise of Stock Options | 0.0 | 0.0 | 0.0 | 2.8 | — | |
| + Buyback / Redemption of Own Shares | 0.0 | 14.1 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 4,384.7 | 1,660.7 | 4,659.9 | 1,887.4 | — | |
| + Repayment of Borrowings | 3,186.3 | 2,632.2 | 4,611.2 | 1,567.0 | — | |
| + Payment of Lease Liabilities | 42.6 | 24.9 | 36.7 | 47.3 | — | |
| + Interest Paid | 271.0 | 0.0 | 438.4 | 296.4 | — | |
| + Dividends Paid | 67.0 | 0.0 | 14.5 | 18.6 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | -461.8 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | 817.8 | -422.4 | -440.8 | -39.0 | — | |
| Net Changes in Cash (pre-FX) | -37.1 | 148.2 | -26.0 | 787.6 | — | |
| + Effect of FX Rate Changes on Cash | 5.2 | 17.8 | -10.9 | 6.4 | — | |
| Net Changes in Cash | -32.0 | 166.0 | -36.9 | 793.9 | — | |
| Closing Cash | 53.2 | 219.2 | — | — | — | |
| Reference Items | ||||||
| EBITDA | 628.2 | 1,196.3 | 1,444.8 | 921.6 | 1,200.2 | |
| EBITDA Margin % | 8.87 | 14.64 | 15.79 | 10.39 | 12.27 | |
| Free Cash Flow (CFO − Capex) | -480.9 | 292.5 | 227.9 | 762.6 | 762.6 | |
| Free Cash Flow to Equity | — | — | -49.1 | 1,241.4 | — | |
| Free Cash Flow per Basic Share | -3.62 | 2.20 | 1.72 | 5.75 | 5.75 | |
| Price to Free Cash Flow | — | — | — | — | 40.16 | |
| Cash Flow to Net Income | -2.60 | 56.37 | 9.79 | -5.07 | — | |
| Cash Paid for Taxes | 189.0 | 156.8 | 334.4 | 210.2 | — | |
| Cash Paid for Interest | 271.0 | — | 438.4 | 296.4 | — | |