S.A.L. Steel cash flow

Latest FY26

Cash from operations: −₹84.3cr−₹20.7 cr in FY25
Capital spending: ₹175cr+838.9% on FY25
Free cash flow: −₹259cr−₹39.3 cr in FY25
Cash from financing: ₹259cr+567.4% on 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.
	—	10.9	10.6	9.6	9.5
	—	20.3	16.7	—	7.8
	—	−0.1	−0.4	−0.2	−0.1
	—	0.4	0.0	—	0.0
	—	−133	−50.5	9.2	−10.0
	—	66.5	3.9	−12.3	15.9
	—	−0.4	0.0	—	0.0
	—	−51.5	0.0	—	0.0
	—	4.4	6.3	6.6	−18.1
	—	6.5	0.0	—	0.0
	—	−47.2	0.0	—	0.0
	—	38.0	0.0	—	0.0
	—	1.8	0.0	—	0.0
Cash from operating activities
	17.1	−0.4	−7.3	—	5.5
	—	−83.9	−13.4	—	5.1
	—	−84.3	−20.7	26.4	10.7
	—	0.0	0.0	—	2.3
	—	−84.3	−20.7	26.2	8.4
Cash from investing activities
	—	175	18.6	13.6	2.2
	—	0.0	0.0	—	0.0
	—	0.1	0.4	0.2	0.1
	—	−175	−18.2	−13.5	−2.1
Cash from financing activities
	—	108	0.0	—	0.0
	—	0.0	3.0	—	0.0
	—	172	52.5	0.0	0.8
	—	20.3	0.0	—	0.0
	—	0.0	−16.7	—	−7.8
	—	259	38.9	−12.7	−7.0
	—	0.3	−0.0	—	−0.7
	—	0.3	−0.0	0.0	−0.7
	—	—	—	—	0.9
Reference items
	33.5	14.5	23.2	—	8.5
	20.1%	7.0%	4.3%	—	1.7%
	−259	−259	−39.3	12.6	6.2
	—	−108	—	—	—
	−₹178.96	−₹178.96	−₹27.14	₹8.69	₹4.27
	—	240.89×	3.22×	—	2.36×
	—	0.0	0.0	—	2.3
	—	20.3	—	—	—

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

alphave

SALSTEEL₹79.32

S.A.L. Steel Limited

· Metal & Mining

₹ CrorePeersVRAJ VASWANI KIOCLMcap ₹115 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	9.5	9.6	10.6	10.9	—
+ Finance Costs	7.8	—	16.7	20.3	—
+ Interest Income	-0.1	-0.2	-0.4	-0.1	—
+ Other Reconciling Items	0.0	—	0.0	0.4	—
Changes in Working Capital
+ Inventories	-10.0	9.2	-50.5	-133.5	—
+ Trade Receivables — Current	15.9	-12.3	3.9	66.5	—
+ Other Financial Assets — Current	0.0	—	0.0	-0.4	—
+ Other Current Assets	0.0	—	0.0	-51.5	—
+ Trade Payables — Current	-18.1	6.6	6.3	4.4	—
+ Other Financial Liabilities — Current	0.0	—	0.0	6.5	—
+ Other Current Liabilities	0.0	—	0.0	-47.2	—
+ Other Non-current Liabilities	0.0	—	0.0	38.0	—
+ Provisions — Current	0.0	—	0.0	1.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	5.5	—	-7.3	-0.4	17.1
+ Total Adjustments (incl. Working Capital)	5.1	—	-13.4	-83.9	—
Cash from Operations (pre-tax)	10.7	26.4	-20.7	-84.3	—
+ Income Taxes Paid	2.3	—	0.0	0.0	—
Cash from Operating Activities	8.4	26.2	-20.7	-84.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	2.2	13.6	18.6	174.8	—
+ Disp of Fixed Assets	0.0	—	0.0	0.0	—
+ Interest Received — Investing	0.1	0.2	0.4	0.1	—
Cash from Investing Activities	-2.1	-13.5	-18.2	-174.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	—	0.0	108.0	—
+ Proceeds from Other Equity Instruments	0.0	—	3.0	0.0	—
+ Proceeds from Borrowings	0.8	0.0	52.5	171.7	—
+ Interest Paid	0.0	—	0.0	20.3	—
+ Other Inflows / (Outflows) — Financing	-7.8	—	-16.7	0.0	—
Cash from Financing Activities	-7.0	-12.7	38.9	259.4	—
Net Changes in Cash (pre-FX)	-0.7	—	-0.0	0.3	—
Net Changes in Cash	-0.7	0.0	-0.0	0.3	—
Closing Cash	0.9	—	—	—	—
Reference Items
EBITDA	8.5	—	23.2	14.5	33.5
EBITDA Margin %	1.71	—	4.27	7.00	20.05
Free Cash Flow (CFO − Capex)	6.2	12.6	-39.3	-259.1	-259.1
Free Cash Flow to Equity	—	—	—	-107.8	—
Free Cash Flow per Basic Share	4.27	8.69	-27.14	-178.96	-178.96
Cash Flow to Net Income	2.36	—	3.22	240.89	—
Cash Paid for Taxes	2.3	—	0.0	0.0	—
Cash Paid for Interest	—	—	—	20.3	—

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%.