Sandhar Technologies cash flow

Latest FY26

Cash from operations: ₹210cr−15.0% on FY25
Capital spending: ₹299cr−5.5% on FY25
Free cash flow: −₹88.9cr−₹69.2 cr in FY25
Cash from financing: ₹28.0cr−72.2% 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.
	—	193	171	154	122
	—	0.0	−2.3	0.0	1.1
	—	0.0	56.6	51.5	35.8
	—	0.0	−3.7	−2.2	−1.0
	—	−0.0	−0.3	−3.0	−0.2
	—	−0.0	−0.0	0.0	−0.4
	—	7.7	0.0	0.0	0.0
	—	0.7	0.0	0.0	0.0
	—	−13.8	−2.6	0.0	0.0
	—	−34.0	0.6	0.3	−3.9
	—	−150	−72.6	−36.5	−40.7
	—	−267	−100	−102	89.9
	—	0.8	−0.6	20.6	−14.9
	—	−23.5	−5.4	−3.5	6.4
	—	−3.5	1.0	12.7	−15.9
	—	251	40.7	78.5	23.5
	—	−12.3	0.0	20.2	20.6
	—	0.0	33.8	0.0	0.0
	—	−3.6	12.6	−18.7	17.5
	—	8.9	−5.2	−6.0	−7.5
	—	0.0	0.0	0.0	0.1
Cash from operating activities
	271	256	185	150	100
	—	−60.6	113	162	235
	—	195	298	312	335
	—	−1.9	0.0	0.0	0.0
	—	−68.8	0.0	0.0	0.0
	—	52.0	50.8	36.9	27.1
	—	210	247	275	308
Cash from investing activities
	—	299	316	237	257
	—	17.8	10.6	4.1	6.5
	—	0.0	0.0	1.4	0.0
	—	61.0	0.0	0.0	0.0
	—	2.7	−11.5	0.0	0.2
	—	0.0	0.0	0.0	0.0
	—	3.4	0.0	0.0	0.7
	—	0.0	0.0	4.9	0.0
	—	2.5	3.9	2.1	1.2
	—	−4.1	0.0	−1.6	0.9
	—	−221	−290	−239	−248
Cash from financing activities
	—	243	307	168	124
	—	116	111	90.6	96.6
	—	15.8	26.3	24.4	19.7
	—	62.0	49.9	44.9	30.6
	—	21.1	19.6	15.1	13.6
	—	28.0	101	−7.1	−36.9
	—	16.9	57.6	28.7	23.5
	—	−47.0	−9.6	−2.1	−21.1
	—	−30.0	47.9	26.6	2.4
	—	—	—	33.1	6.5
Reference items
	460	438	383	341	249
	9.0%	9.0%	9.9%	9.7%	8.6%
	−88.9	−88.9	−69.2	37.6	51.3
	—	−24.0	77.4	69.9	—
	−₹14.78	−₹14.78	−₹11.50	₹6.25	₹8.51
	—	1.06×	1.74×	2.49×	4.19×
	—	52.0	50.8	36.9	27.1
	—	62.0	49.9	44.9	30.6

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

alphave

SANDHAR₹468.75

Sandhar Technologies Limited

· Auto & Mobility

₹ CrorePeersUNIPARTS WHEELS DIVGIITTS JTEKTINDIA NRBBEARING FMGOETZE SSWL CARRAROMcap ₹2,821 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	121.5	153.6	170.6	193.4	—
+ Impairment Loss / (Reversal)	1.1	0.0	-2.3	0.0	—
+ Finance Costs	35.8	51.5	56.6	0.0	—
+ Interest Income	-1.0	-2.2	-3.7	0.0	—
+ Fair Value (Gains) / Losses	-0.2	-3.0	-0.3	-0.0	—
+ Unrealised FX (Gain) / Loss	-0.4	0.0	-0.0	-0.0	—
+ Undistributed Profits of Associates	0.0	0.0	0.0	7.7	—
+ Other Non-cash Items	0.0	0.0	0.0	0.7	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-2.6	-13.8	—
+ Other Reconciling Items	-3.9	0.3	0.6	-34.0	—
Changes in Working Capital
+ Inventories	-40.7	-36.5	-72.6	-150.4	—
+ Trade Receivables — Current	89.9	-102.2	-100.4	-266.7	—
+ Other Financial Assets — Current	-14.9	20.6	-0.6	0.8	—
+ Other Financial Assets — Non-current	6.4	-3.5	-5.4	-23.5	—
+ Other Current Assets	-15.9	12.7	1.0	-3.5	—
+ Trade Payables — Current	23.5	78.5	40.7	251.1	—
+ Other Financial Liabilities — Current	20.6	20.2	0.0	-12.3	—
+ Other Financial Liabilities — Non-current	0.0	0.0	33.8	0.0	—
+ Other Current Liabilities	17.5	-18.7	12.6	-3.6	—
+ Provisions — Current	-7.5	-6.0	-5.2	8.9	—
+ Provisions — Non-current	0.1	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	100.4	150.2	184.6	255.7	270.6
+ Total Adjustments (incl. Working Capital)	234.6	161.6	113.1	-60.6	—
Cash from Operations (pre-tax)	335.0	311.8	297.7	195.1	—
+ Interest Received — Operating	0.0	0.0	0.0	-1.9	—
+ Interest Paid — Operating	0.0	0.0	0.0	-68.8	—
+ Income Taxes Paid	27.1	36.9	50.8	52.0	—
Cash from Operating Activities	307.9	274.8	247.0	209.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	256.6	237.2	316.2	298.9	—
+ Disp of Fixed Assets	6.5	4.1	10.6	17.8	—
+ Acq of Investment Property	0.0	1.4	0.0	0.0	—
+ Disp of Investment Property	0.0	0.0	0.0	61.0	—
+ Acq of Other Long-term Assets	0.2	0.0	-11.5	2.7	—
+ Acq of Interests in Joint Ventures	0.0	0.0	0.0	0.0	—
+ Disp of Interests in Joint Ventures	0.7	0.0	0.0	3.4	—
+ Acq of Subsidiaries / Businesses (net)	0.0	4.9	0.0	0.0	—
+ Interest Received — Investing	1.2	2.1	3.9	2.5	—
+ Other Inflows / (Outflows) — Investing	0.9	-1.6	0.0	-4.1	—
Cash from Investing Activities	-247.5	-239.0	-290.2	-221.0	—
Cash from Financing Activities
+ Proceeds from Borrowings	123.5	167.9	307.1	242.7	—
+ Repayment of Borrowings	96.6	90.6	110.5	115.8	—
+ Payment of Lease Liabilities	19.7	24.4	26.3	15.8	—
+ Interest Paid	30.6	44.9	49.9	62.0	—
+ Dividends Paid	13.6	15.1	19.6	21.1	—
Cash from Financing Activities	-36.9	-7.1	100.7	28.0	—
Net Changes in Cash (pre-FX)	23.5	28.7	57.6	16.9	—
+ Effect of FX Rate Changes on Cash	-21.1	-2.1	-9.6	-47.0	—
Net Changes in Cash	2.4	26.6	47.9	-30.0	—
Closing Cash	6.5	33.1	—	—	—
Reference Items
EBITDA	249.1	340.6	383.3	437.6	460.4
EBITDA Margin %	8.56	9.67	9.87	9.02	8.95
Free Cash Flow (CFO − Capex)	51.3	37.6	-69.2	-88.9	-88.9
Free Cash Flow to Equity	—	69.9	77.4	-24.0	—
Free Cash Flow per Basic Share	8.51	6.25	-11.50	-14.78	-14.78
Cash Flow to Net Income	4.19	2.49	1.74	1.06	—
Cash Paid for Taxes	27.1	36.9	50.8	52.0	—
Cash Paid for Interest	30.6	44.9	49.9	62.0	—

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%.