Praj Industries cash flow

Latest FY26

Cash from operations: ₹200cr+365.7% on FY25
Capital spending: ₹44.4cr−49.0% on FY25
Free cash flow: ₹156cr−₹44.1 cr in FY25
Cash from financing: −₹187cr−₹161 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.
	—	106	86.4	44.1	0.0
	—	20.3	18.0	9.4	0.0
	—	−12.5	−17.0	−15.3	−8.3
	—	−7.0	−9.3	−14.9	0.0
	—	5.0	0.8	0.0	0.8
	—	−17.3	−7.3	−11.2	1.9
	—	19.4	−25.0	11.4	33.7
	—	−6.2	0.0	0.0	0.0
	—	−4.4	0.0	0.0	0.0
	—	−12.8	−322	24.0	−18.7
	—	−15.1	67.3	−60.1	−306
	—	−1.8	1.0	4.4	6.2
	—	−1.6	−15.8	−24.6	−0.7
	—	138	−57.6	0.1	5.3
	—	1.7	−3.3	0.8	0.7
	—	104	−11.4	−7.6	81.2
	—	−13.4	−18.9	24.1	6.6
	—	−91.5	197	−71.2	87.9
	—	−3.1	−38.2	8.0	19.3
	—	14.0	1.5	4.9	−3.9
Cash from operating activities
	67.9	49.9	299	377	319
	—	221	−153	−73.6	−94.1
	—	271	145	304	225
	—	0.0	0.4	0.0	0.0
	—	0.0	0.0	−0.0	0.0
	—	70.4	103	104	62.5
	—	200	43.0	199	162
Cash from investing activities
	—	44.4	87.0	89.3	35.2
	—	0.9	43.5	0.8	−0.1
	—	0.0	0.0	42.2	0.0
	—	0.0	8.3	0.0	0.0
	—	445	676	435	511
	—	466	767	540	453
	—	16.4	14.9	15.9	8.0
	—	−0.8	0.0	0.0	0.9
	—	−6.4	71.2	−10.1	−84.4
Cash from financing activities
	—	0.0	0.0	0.9	0.4
	—	58.3	50.2	32.7	12.5
	—	—	—	9.4	3.1
	—	0.7	0.4	0.0	1.1
	—	110	110	82.7	77.1
	—	−17.8	0.0	0.0	0.0
	—	−187	−161	−124	−93.4
	—	6.4	−46.6	65.4	−15.7
	—	10.1	168	4.5	6.8
	—	16.5	122	69.8	−8.9
	—	142	126	168	98.6
Reference items
	153	152	325	388	318
	4.7%	4.8%	10.1%	11.2%	9.0%
	156	156	−44.1	110	127
	—	155	−44.5	110	—
	₹8.47	₹8.47	−₹2.40	₹5.99	₹6.91
	30.01×	—	—	—	—
	—	8.39×	0.20×	0.70×	0.68×
	—	70.4	103	104	62.5
	—	0.7	0.4	0.0	1.1

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

alphave

PRAJIND₹254.20

Praj Industries Ltd.

· Capital Goods & Defence

₹ CrorePeersTRITURBINE PARAS QPOWER OSWALPUMPS RATNAMANI MTARTECH MIDHANI MAHSEAMLESMcap ₹4,673 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	0.0	44.1	86.4	105.6	—
+ Finance Costs	0.0	9.4	18.0	20.3	—
+ Interest Income	-8.3	-15.3	-17.0	-12.5	—
+ Fair Value (Gains) / Losses	0.0	-14.9	-9.3	-7.0	—
+ Share-based Payments	0.8	0.0	0.8	5.0	—
+ Unrealised FX (Gain) / Loss	1.9	-11.2	-7.3	-17.3	—
+ Other Non-cash Items	33.7	11.4	-25.0	19.4	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-6.2	—
+ Other Reconciling Items	0.0	0.0	0.0	-4.4	—
Changes in Working Capital
+ Inventories	-18.7	24.0	-322.1	-12.8	—
+ Trade Receivables — Current	-306.0	-60.1	67.3	-15.1	—
+ Other Financial Assets — Current	6.2	4.4	1.0	-1.8	—
+ Other Financial Assets — Non-current	-0.7	-24.6	-15.8	-1.6	—
+ Other Current Assets	5.3	0.1	-57.6	137.6	—
+ Other Non-current Assets	0.7	0.8	-3.3	1.7	—
+ Trade Payables — Current	81.2	-7.6	-11.4	103.7	—
+ Other Financial Liabilities — Current	6.6	24.1	-18.9	-13.4	—
+ Other Current Liabilities	87.9	-71.2	197.4	-91.5	—
+ Provisions — Current	19.3	8.0	-38.2	-3.1	—
+ Provisions — Non-current	-3.9	4.9	1.5	14.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	318.7	377.5	298.6	49.9	67.9
+ Total Adjustments (incl. Working Capital)	-94.1	-73.6	-153.2	220.6	—
Cash from Operations (pre-tax)	224.7	303.8	145.4	270.5	—
+ Interest Received — Operating	0.0	0.0	0.4	0.0	—
+ Interest Paid — Operating	0.0	-0.0	0.0	0.0	—
+ Income Taxes Paid	62.5	104.5	102.8	70.4	—
Cash from Operating Activities	162.1	199.4	43.0	200.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	35.2	89.3	87.0	44.4	—
+ Disp of Fixed Assets	-0.1	0.8	43.5	0.9	—
+ Acq of Other Long-term Assets	0.0	42.2	0.0	0.0	—
+ Disp of Other Long-term Assets	0.0	0.0	8.3	0.0	—
+ Purchase of Investments (Equity / Debt)	511.5	435.0	675.6	445.0	—
+ Sale of Investments (Equity / Debt)	453.5	539.7	767.2	466.4	—
+ Interest Received — Investing	8.0	15.9	14.9	16.4	—
+ Other Inflows / (Outflows) — Investing	0.9	0.0	0.0	-0.8	—
Cash from Investing Activities	-84.4	-10.1	71.2	-6.4	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	0.4	0.9	0.0	0.0	—
+ Payment of Lease Liabilities	12.5	32.7	50.2	58.3	—
+ Payment of Finance Lease Liabilities	3.1	9.4	—	—	—
+ Interest Paid	1.1	0.0	0.4	0.7	—
+ Dividends Paid	77.1	82.7	110.2	110.5	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	-17.8	—
Cash from Financing Activities	-93.4	-123.9	-160.8	-187.3	—
Net Changes in Cash (pre-FX)	-15.7	65.4	-46.6	6.4	—
+ Effect of FX Rate Changes on Cash	6.8	4.5	168.4	10.1	—
Net Changes in Cash	-8.9	69.8	121.8	16.5	—
Closing Cash	98.6	168.4	125.9	142.4	—
Reference Items
EBITDA	318.0	387.8	324.8	151.8	153.0
EBITDA Margin %	9.01	11.19	10.06	4.79	4.71
Free Cash Flow (CFO − Capex)	126.9	110.1	-44.1	155.7	155.7
Free Cash Flow to Equity	—	110.1	-44.5	155.0	—
Free Cash Flow per Basic Share	6.91	5.99	-2.40	8.47	8.47
Price to Free Cash Flow	—	—	—	—	30.01
Cash Flow to Net Income	0.68	0.70	0.20	8.39	—
Cash Paid for Taxes	62.5	104.5	102.8	70.4	—
Cash Paid for Interest	1.1	0.0	0.4	0.7	—

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%.