Raymond cash flow

Latest FY26

Cash from operations: ₹41.8cr−82.1% on FY25
Capital spending: ₹114cr−27.9% on FY25
Free cash flow: −₹72.1cr₹75.3 cr in FY25
Cash from financing: ₹230cr−₹104 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.
	—	152	163	284	235
	—	0.0	0.0	0.0	−15.8
	—	83.6	116	376	257
	—	0.0	−76.5	−104	−48.7
	—	0.0	−0.1	−0.3	−0.3
	—	−22.5	−69.4	−88.0	−23.6
	—	3.5	11.9	16.8	0.1
	—	0.0	7,394	993	−15.4
	—	201	0.3	−60.5	121
	—	−14.2	0.0	0.0	0.0
	—	0.0	7,663	1,036	0.0
	—	−56.3	−221	−767	−525
	—	−171	−705	−777	37.3
	—	0.0	0.7	0.0	0.0
	—	100	647	0.0	101
	—	0.0	−1.0	0.0	0.0
	—	0.0	0.0	815	0.0
	—	−7.7	0.0	0.0	0.0
Cash from operating activities
	99.2	−102	123	873	722
	—	269	165	−262	155
	—	167	289	610	877
	—	−50.6	0.0	0.0	0.0
	—	−0.2	0.0	0.0	0.0
	—	0.0	61.5	0.0	0.0
	—	74.4	117	77.0	72.4
	—	41.8	233	533	804
Cash from investing activities
	—	114	158	208	116
	—	1.1	16.1	11.6	14.0
	—	356	9.5	4.7	0.0
	—	15.3	0.0	43.8	0.0
	—	0.0	0.0	0.0	445
	—	0.0	0.0	701	0.0
	—	0.0	0.0	0.0	10.0
	—	0.2	0.1	0.3	0.3
	—	48.9	75.2	102	46.6
	—	224	−156	−285	14.3
	—	−180	−232	−1,042	−476
Cash from financing activities
	—	780	173	1,910	472
	—	454	154	953	438
	—	13.4	4.3	96.7	77.4
	—	—	—	51.1	28.5
	—	82.9	111	286	227
	—	0.4	65.9	20.1	20.1
	—	0.0	57.8	0.0	0.0
	—	230	−104	502	−319
	—	91.4	−102	−6.1	9.6
	—	91.4	−102	−6.1	9.6
	—	—	—	165	171
Reference items
	288	235	176	1,309	1,199
	11.9%	10.6%	9.1%	14.5%	14.6%
	−72.1	−72.1	75.3	326	688
	—	103	−2,720	1,337	—
	−₹10.83	−₹10.83	₹11.31	₹48.93	₹103.36
	—	0.01×	0.03×	0.26×	1.50×
	—	74.4	117	77.0	72.4
	—	82.9	111	286	227

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

alphave

RAYMOND₹1,101.90

Raymond Limited

· Capital Goods & Defence

₹ CrorePeersDEEDEV PITTIENG HIRECT SHANTIGEAR WINDMACHIN JASH OMNI JNKINDIAMcap ₹7,333 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	235.4	283.7	163.4	151.8	—
+ Impairment Loss / (Reversal)	-15.8	0.0	0.0	0.0	—
+ Finance Costs	257.3	375.8	115.6	83.6	—
+ Interest Income	-48.7	-103.7	-76.5	0.0	—
+ Dividend Income	-0.3	-0.3	-0.1	0.0	—
+ Fair Value (Gains) / Losses	-23.6	-88.0	-69.4	-22.5	—
+ Share-based Payments	0.1	16.8	11.9	3.5	—
+ Undistributed Profits of Associates	-15.4	993.2	7,393.7	0.0	—
+ Other Non-cash Items	121.3	-60.5	0.3	201.4	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-14.2	—
+ Other Reconciling Items	0.0	1,036.4	7,663.4	0.0	—
Changes in Working Capital
+ Inventories	-524.9	-767.0	-221.4	-56.3	—
+ Trade Receivables — Current	37.3	-776.8	-705.4	-170.8	—
+ Other Non-current Assets	0.0	0.0	0.7	0.0	—
+ Trade Payables — Current	101.4	0.0	646.5	100.3	—
+ Other Financial Liabilities — Current	0.0	0.0	-1.0	0.0	—
+ Other Current Liabilities	0.0	814.5	0.0	0.0	—
+ Provisions — Current	0.0	0.0	0.0	-7.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	721.9	872.5	123.4	-102.2	99.2
+ Total Adjustments (incl. Working Capital)	154.7	-262.2	165.4	269.2	—
Cash from Operations (pre-tax)	876.6	610.3	288.8	167.0	—
+ Interest Received — Operating	0.0	0.0	0.0	-50.6	—
+ Dividends Received — Operating	0.0	0.0	0.0	-0.2	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	61.5	0.0	—
+ Income Taxes Paid	72.4	77.0	117.1	74.4	—
Cash from Operating Activities	804.2	533.3	233.1	41.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	116.3	207.6	157.9	113.8	—
+ Disp of Fixed Assets	14.0	11.6	16.1	1.1	—
+ Acq of Other Long-term Assets	0.0	4.7	9.5	355.9	—
+ Disp of Other Long-term Assets	0.0	43.8	0.0	15.3	—
+ Purchase of Investments (Equity / Debt)	444.7	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	701.2	0.0	0.0	—
+ Loans & Advances Repaid	10.0	0.0	0.0	0.0	—
+ Dividends Received — Investing	0.3	0.3	0.1	0.2	—
+ Interest Received — Investing	46.6	101.6	75.2	48.9	—
+ Other Inflows / (Outflows) — Investing	14.3	-285.4	-155.7	223.8	—
Cash from Investing Activities	-475.8	-1,041.6	-231.7	-180.3	—
Cash from Financing Activities
+ Proceeds from Borrowings	471.5	1,909.9	173.3	780.1	—
+ Repayment of Borrowings	438.0	953.4	154.1	453.5	—
+ Payment of Lease Liabilities	77.4	96.7	4.3	13.4	—
+ Payment of Finance Lease Liabilities	28.5	51.1	—	—	—
+ Interest Paid	226.5	286.3	110.5	82.9	—
+ Dividends Paid	20.1	20.1	65.9	0.4	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	57.8	0.0	—
Cash from Financing Activities	-318.9	502.3	-103.8	229.9	—
Net Changes in Cash (pre-FX)	9.6	-6.1	-102.4	91.4	—
Net Changes in Cash	9.6	-6.1	-102.4	91.4	—
Closing Cash	171.2	165.2	—	—	—
Reference Items
EBITDA	1,199.4	1,309.1	176.4	234.9	288.0
EBITDA Margin %	14.60	14.51	9.06	10.62	11.90
Free Cash Flow (CFO − Capex)	687.9	325.6	75.3	-72.1	-72.1
Free Cash Flow to Equity	—	1,337.3	-2,720.5	103.2	—
Free Cash Flow per Basic Share	103.36	48.93	11.31	-10.83	-10.83
Cash Flow to Net Income	1.50	0.26	0.03	0.01	—
Cash Paid for Taxes	72.4	77.0	117.1	74.4	—
Cash Paid for Interest	226.5	286.3	110.5	82.9	—

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%.