S H Kelkar and Company cash flow

Latest FY26

Cash from operations: ₹263cr+1,571.7% on FY25
Capital spending: ₹206cr+115.7% on FY25
Free cash flow: ₹56.7cr−₹80.0 cr in FY25
Cash from financing: −₹158cr₹99.3 cr in 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.
	—	119	94.7	89.3	—
	—	55.5	49.4	0.0	—
	—	−0.8	0.9	0.0	—
	—	2.3	0.0	0.0	—
	—	5.9	7.5	2.2	—
	—	0.0	1.4	0.0	—
	—	12.0	44.2	3.9	—
	—	−0.1	0.0	0.0	—
	—	0.0	−2.5	0.0	—
	—	55.5	−123	−54.2	—
	—	−104	0.0	−65.7	—
	—	0.0	−31.4	0.0	—
	—	0.0	−4.6	1.2	—
	—	−0.1	−169	−31.6	—
	—	154	−2.8	−2.6	—
	—	−89.4	91.5	5.2	—
	—	3.1	0.6	−1.2	—
Operating receipts & payments (direct method)
	—	—	—	—	3.6
Cash from operating activities
	145	112	116	182	105
	—	213	−46.0	−53.5	—
	—	326	70.2	129	18.8
	—	0.0	0.0	−1.7	−0.9
	—	0.0	0.0	−41.3	−23.9
	—	0.0	0.0	0.0	−0.0
	—	0.0	0.0	−1.4	108
	—	62.4	54.5	59.5	−39.1
	—	263	15.7	107	189
Cash from investing activities
	—	206	95.7	60.9	68.8
	—	0.1	0.0	0.3	0.8
	—	0.0	0.0	0.0	19.9
	—	2.3	0.0	0.0	357
	—	0.0	0.0	0.0	336
	—	0.0	0.0	39.1	36.6
	—	0.0	12.5	0.0	1.0
	—	0.0	0.0	0.0	0.4
	—	0.0	0.0	0.6	0.3
	—	0.7	1.1	0.3	0.6
	—	2.5	9.8	17.1	2.0
	—	−205	−72.3	−81.8	−103
Cash from financing activities
	—	0.0	0.0	0.4	—
	—	800	772	304	318
	—	843	586	261	434
	—	35.2	32.4	21.7	20.0
	—	52.1	44.4	33.9	19.9
	—	27.7	10.4	29.4	18.7
	—	0.0	0.0	49.1	0.2
	—	−158	99.3	8.2	−175
	—	−100	42.8	33.9	−88.2
	—	−4.1	−1.8	0.0	0.0
	—	−104	41.0	33.9	−88.2
	—	—	—	33.9	−57.4
Reference items
	257	242	297	307	217
	10.5%	10.2%	14.0%	15.9%	12.9%
	56.7	56.7	−80.0	46.5	121
	—	111	3.6	9.6	—
	₹4.09	₹4.09	−₹5.78	₹3.36	₹8.71
	31.91×	—	—	—	—
	—	3.81×	0.22×	0.87×	3.01×
	—	62.4	54.5	59.5	−39.1
	—	52.1	44.4	33.9	19.9

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

alphave

SHK₹130.63

S H Kelkar and Company Limited

· Chemicals

₹ CrorePeersATUL ANURAS BAYERCROP CAMLINFINE SWANCORP CLEAN DEEPAKNTR TIRUMALCHMMcap ₹1,808 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	—	89.3	94.7	119.4	—
+ Finance Costs	—	0.0	49.4	55.5	—
+ Interest Income	—	0.0	0.9	-0.8	—
+ Fair Value (Gains) / Losses	—	0.0	0.0	2.3	—
+ Unrealised FX (Gain) / Loss	—	2.2	7.5	5.9	—
+ Undistributed Profits of Associates	—	0.0	1.4	0.0	—
+ Other Non-cash Items	—	3.9	44.2	12.0	—
+ Other — Cash Effects are Investing / Financing	—	0.0	0.0	-0.1	—
+ Other Reconciling Items	—	0.0	-2.5	0.0	—
Changes in Working Capital
+ Inventories	—	-54.2	-122.8	55.5	—
+ Trade Receivables — Current	—	-65.7	0.0	-104.2	—
+ Trade Receivables — Non-current	—	0.0	-31.4	0.0	—
+ Other Financial Assets — Current	—	1.2	-4.6	0.0	—
+ Other Current Assets	—	-31.6	-169.3	-0.1	—
+ Other Non-current Assets	—	-2.6	-2.8	154.1	—
+ Trade Payables — Current	—	5.2	91.5	-89.4	—
+ Provisions — Current	—	-1.2	0.6	3.1	—
Operating Receipts & Payments (direct method)
+ Payments to Suppliers for Goods & Services	3.6	—	—	—	—
Cash from Operating Activities
Profit Before Tax (per I/S)	104.5	182.3	116.2	112.4	145.2
+ Total Adjustments (incl. Working Capital)	—	-53.5	-46.0	213.2	—
Cash from Operations (pre-tax)	18.8	128.8	70.2	325.6	—
+ Interest Received — Operating	-0.9	-1.7	0.0	0.0	—
+ Interest Paid — Operating	-23.9	-41.3	0.0	0.0	—
+ Dividends Received — Operating	-0.0	0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Operating	108.5	-1.4	0.0	0.0	—
+ Income Taxes Paid	-39.1	59.5	54.5	62.4	—
Cash from Operating Activities	189.4	107.5	15.7	263.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	68.8	60.9	95.7	206.5	—
+ Disp of Fixed Assets	0.8	0.3	0.0	0.1	—
+ Disp of Investment Property	19.9	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	357.4	0.0	0.0	2.3	—
+ Sale of Investments (Equity / Debt)	335.7	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	36.6	39.1	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	1.0	0.0	12.5	0.0	—
+ Loans & Advances Made	0.4	0.0	0.0	0.0	—
+ Dividends Received — Investing	0.3	0.6	0.0	0.0	—
+ Interest Received — Investing	0.6	0.3	1.1	0.7	—
+ Other Inflows / (Outflows) — Investing	2.0	17.1	9.8	2.5	—
Cash from Investing Activities	-102.9	-81.8	-72.3	-205.4	—
Cash from Financing Activities
+ Proceeds — Change in Ownership of Subsidiaries	—	0.4	0.0	0.0	—
+ Proceeds from Borrowings	317.8	304.5	772.4	800.2	—
+ Repayment of Borrowings	434.4	260.7	585.9	843.2	—
+ Payment of Lease Liabilities	20.0	21.7	32.4	35.2	—
+ Interest Paid	19.9	33.9	44.4	52.1	—
+ Dividends Paid	18.7	29.4	10.4	27.7	—
+ Other Inflows / (Outflows) — Financing	0.2	49.1	0.0	0.0	—
Cash from Financing Activities	-174.6	8.2	99.3	-158.0	—
Net Changes in Cash (pre-FX)	-88.2	33.9	42.8	-100.3	—
+ Effect of FX Rate Changes on Cash	0.0	0.0	-1.8	-4.1	—
Net Changes in Cash	-88.2	33.9	41.0	-104.3	—
Closing Cash	-57.4	33.9	—	—	—
Reference Items
EBITDA	217.3	306.8	297.0	241.8	257.5
EBITDA Margin %	12.89	15.90	13.99	10.21	10.51
Free Cash Flow (CFO − Capex)	120.6	46.5	-80.0	56.7	56.7
Free Cash Flow to Equity	—	9.6	3.6	110.7	—
Free Cash Flow per Basic Share	8.71	3.36	-5.78	4.09	4.09
Price to Free Cash Flow	—	—	—	—	31.91
Cash Flow to Net Income	3.01	0.87	0.22	3.81	—
Cash Paid for Taxes	-39.1	59.5	54.5	62.4	—
Cash Paid for Interest	19.9	33.9	44.4	52.1	—

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%.