| 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. | |||||
|---|---|---|---|---|---|---|
| — | 153 | 140 | 114 | 70.9 | ||
| — | 64.0 | 73.8 | 59.1 | 22.1 | ||
| — | −7.9 | −3.8 | −3.4 | −3.2 | ||
| — | −0.0 | −0.0 | −3.6 | 0.0 | ||
| — | 3.7 | 3.5 | 5.1 | 2.8 | ||
| — | 15.5 | 1.3 | 8.6 | 6.0 | ||
| — | −2.8 | 0.3 | 0.4 | −1.6 | ||
Changes in working capital | ||||||
| — | −90.2 | −297 | −65.1 | −181 | ||
| — | −21.9 | −206 | −162 | −72.4 | ||
| — | 55.5 | −27.2 | −37.9 | 19.7 | ||
| — | −0.5 | 34.9 | 18.6 | 25.0 | ||
| — | 13.6 | 64.7 | −7.7 | 40.5 | ||
| — | 48.9 | 16.4 | 23.4 | 57.4 | ||
| — | −110 | 188 | −36.7 | 48.8 | ||
| — | 1.2 | −0.6 | 0.8 | 1.4 | ||
Cash from operating activities | ||||||
| 1,045 | 800 | 465 | 342 | 275 | ||
| — | 122 | −11.3 | −86.6 | 35.8 | ||
| — | 922 | 453 | 255 | 311 | ||
| — | 180 | 90.4 | 72.6 | 71.9 | ||
| — | 743 | 363 | 183 | 239 | ||
Cash from investing activities | ||||||
| — | 245 | 181 | 252 | 734 | ||
| — | 6.1 | 7.5 | 13.1 | 29.1 | ||
| — | 0.1 | 0.0 | 0.1 | 1.3 | ||
| — | 38.9 | 0.0 | 0.0 | 0.0 | ||
| — | 3.6 | 0.0 | 3.6 | 0.0 | ||
| — | 8.4 | 3.8 | 4.5 | 2.6 | ||
| — | −1.2 | −1.8 | −11.5 | −4.5 | ||
| — | −266 | −171 | −242 | −705 | ||
Cash from financing activities | ||||||
| — | 8.8 | 9.0 | 0.0 | 0.0 | ||
| — | 0.0 | 0.0 | 3.7 | 0.0 | ||
| — | −163 | 29.3 | 96.7 | 329 | ||
| — | 136 | 136 | −37.2 | −225 | ||
| — | 38.5 | 25.3 | 15.1 | 8.2 | ||
| — | 64.0 | 74.6 | 58.7 | 18.8 | ||
| — | 53.5 | 40.1 | 40.1 | 40.1 | ||
| — | −446 | −237 | 23.7 | 487 | ||
| — | 30.1 | −46.1 | −35.8 | 20.8 | ||
| — | 30.1 | −46.1 | −35.8 | 20.8 | ||
| — | — | — | 86.2 | 122 | ||
Reference items | ||||||
| 1,258 | 1,021 | 674 | 506 | 358 | ||
| 5.7% | 4.9% | 3.9% | 3.3% | 2.8% | ||
| 498 | 498 | 182 | −69.3 | −495 | ||
| — | 135 | 0.9 | −87.7 | — | ||
| ₹37.20 | ₹37.20 | ₹13.59 | −₹5.18 | −₹36.97 | ||
| 113.86× | — | — | — | — | ||
| — | 1.23× | 1.05× | 0.70× | 1.08× | ||
| — | 180 | 90.4 | 72.6 | 71.9 | ||
| — | 64.0 | 74.6 | 58.7 | 18.8 | ||
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 | 70.9 | 113.8 | 140.1 | 153.0 | — | |
| + Finance Costs | 22.1 | 59.1 | 73.8 | 64.0 | — | |
| + Interest Income | -3.2 | -3.4 | -3.8 | -7.9 | — | |
| + Dividend Income | 0.0 | -3.6 | -0.0 | -0.0 | — | |
| + Share-based Payments | 2.8 | 5.1 | 3.5 | 3.7 | — | |
| + Other Non-cash Items | 6.0 | 8.6 | 1.3 | 15.5 | — | |
| + Other Reconciling Items | -1.6 | 0.4 | 0.3 | -2.8 | — | |
| Changes in Working Capital | ||||||
| + Inventories | -181.4 | -65.1 | -296.6 | -90.2 | — | |
| + Trade Receivables — Current | -72.4 | -162.1 | -206.0 | -21.9 | — | |
| + Other Financial Assets — Current | 19.7 | -37.9 | -27.2 | 55.5 | — | |
| + Other Financial Assets — Non-current | 25.0 | 18.6 | 34.9 | -0.5 | — | |
| + Trade Payables — Current | 40.5 | -7.7 | 64.7 | 13.6 | — | |
| + Other Financial Liabilities — Current | 57.4 | 23.4 | 16.4 | 48.9 | — | |
| + Other Current Liabilities | 48.8 | -36.7 | 187.8 | -109.7 | — | |
| + Provisions — Current | 1.4 | 0.8 | -0.6 | 1.2 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 274.7 | 342.0 | 464.6 | 799.7 | 1,044.9 | |
| + Total Adjustments (incl. Working Capital) | 35.8 | -86.6 | -11.3 | 122.5 | — | |
| Cash from Operations (pre-tax) | 310.6 | 255.4 | 453.2 | 922.2 | — | |
| + Income Taxes Paid | 71.9 | 72.6 | 90.4 | 179.6 | — | |
| Cash from Operating Activities | 238.6 | 182.9 | 362.9 | 742.6 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 733.7 | 252.2 | 180.9 | 244.6 | — | |
| + Disp of Fixed Assets | 29.1 | 13.1 | 7.5 | 6.1 | — | |
| + Disp of Investment Property | 1.3 | 0.1 | 0.0 | 0.1 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | 0.0 | 0.0 | 38.9 | — | |
| + Dividends Received — Investing | 0.0 | 3.6 | 0.0 | 3.6 | — | |
| + Interest Received — Investing | 2.6 | 4.5 | 3.8 | 8.4 | — | |
| + Other Inflows / (Outflows) — Investing | -4.5 | -11.5 | -1.8 | -1.2 | — | |
| Cash from Investing Activities | -705.2 | -242.4 | -171.5 | -266.4 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Issue of Shares | 0.0 | 0.0 | 9.0 | 8.8 | — | |
| + Proceeds from Other Equity Instruments | 0.0 | 3.7 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 329.5 | 96.7 | 29.3 | -163.1 | — | |
| + Repayment of Borrowings | -225.0 | -37.2 | 135.7 | 135.7 | — | |
| + Payment of Lease Liabilities | 8.2 | 15.1 | 25.3 | 38.5 | — | |
| + Interest Paid | 18.8 | 58.7 | 74.6 | 64.0 | — | |
| + Dividends Paid | 40.1 | 40.1 | 40.1 | 53.5 | — | |
| Cash from Financing Activities | 487.4 | 23.7 | -237.4 | -446.2 | — | |
| Net Changes in Cash (pre-FX) | 20.8 | -35.8 | -46.1 | 30.1 | — | |
| Net Changes in Cash | 20.8 | -35.8 | -46.1 | 30.1 | — | |
| Closing Cash | 122.1 | 86.2 | — | — | — | |
| Reference Items | ||||||
| EBITDA | 358.3 | 506.1 | 673.6 | 1,021.5 | 1,257.9 | |
| EBITDA Margin % | 2.81 | 3.27 | 3.94 | 4.87 | 5.70 | |
| Free Cash Flow (CFO − Capex) | -495.0 | -69.3 | 181.9 | 498.0 | 498.0 | |
| Free Cash Flow to Equity | — | -87.7 | 0.9 | 135.2 | — | |
| Free Cash Flow per Basic Share | -36.97 | -5.18 | 13.59 | 37.20 | 37.20 | |
| Price to Free Cash Flow | — | — | — | — | 113.86 | |
| Cash Flow to Net Income | 1.08 | 0.70 | 1.05 | 1.23 | — | |
| Cash Paid for Taxes | 71.9 | 72.6 | 90.4 | 179.6 | — | |
| Cash Paid for Interest | 18.8 | 58.7 | 74.6 | 64.0 | — | |