Shanthi Gears cash flow

Latest FY26

Cash from operations: ₹70.1cr−22.8% on FY25
Capital spending: ₹53.0cr+117.6% on FY25
Free cash flow: ₹17.1cr−74.2% on FY25
Cash from financing: −₹38.5cr−₹38.4 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.
	—	16.1	13.3	13.2	10.9
	—	−7.8	−7.1	0.0	0.0
	—	−4.4	−3.7	0.0	0.0
	—	−0.9	−0.0	0.0	0.0
	—	0.0	−0.4	0.0	−2.9
	—	−0.1	0.0	0.0	0.0
	—	−35.5	5.6	−16.2	−5.7
	—	23.0	−20.8	−54.9	3.2
	—	−0.3	3.0	−1.6	0.4
	—	−0.3	−0.7	0.0	0.0
	—	−5.3	−0.7	−1.0	−0.5
	—	0.0	0.0	0.0	−0.6
	—	9.8	7.5	21.4	−0.4
	—	0.6	0.8	−0.2	0.1
	—	−3.5	−3.1	7.0	−7.9
	—	0.0	0.4	−0.1	−0.2
	—	5.4	−0.3	−1.2	4.7
Cash from operating activities
	77.8	103	130	110	90.2
	—	−3.4	−6.2	−33.5	1.1
	—	99.3	124	76.1	91.3
	—	0.0	0.0	0.0	−4.5
	—	0.0	0.0	−8.6	−1.6
	—	0.0	0.0	−5.1	0.0
	—	29.2	33.1	26.1	22.2
	—	70.1	90.8	36.3	63.0
Cash from investing activities
	—	53.0	24.4	20.0	15.3
	—	0.3	0.3	1.8	0.2
	—	0.0	0.0	0.0	3.5
	—	8.1	5.7	7.4	1.6
	—	−0.8	−19.6	−1.5	−16.2
	—	−45.3	−38.0	−12.4	−26.2
Cash from financing activities
	—	38.5	38.4	38.4	23.0
	—	−38.5	−38.4	−38.4	−23.0
	—	−13.7	14.4	−14.4	13.8
	—	−13.7	14.4	−14.4	13.8
	—	—	—	0.7	15.1
Reference items
	84.8	104	129	102	89.8
	17.1%	20.0%	21.3%	19.0%	20.2%
	17.1	17.1	66.4	16.3	47.7
	₹2.23	₹2.23	₹8.66	₹2.13	₹6.22
	220.06×	—	—	—	—
	—	0.91×	0.95×	0.44×	0.94×
	—	29.2	33.1	26.1	22.2

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

alphave

SHANTIGEAR₹491.20

Shanthi Gears Limited

· Capital Goods & Defence

₹ CrorePeersRAYMOND DEEDEV PITTIENG HIRECT WINDMACHIN JASH JNKINDIA OMNIMcap ₹3,768 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	10.9	13.2	13.3	16.1	—
+ Interest Income	0.0	0.0	-7.1	-7.8	—
+ Fair Value (Gains) / Losses	0.0	0.0	-3.7	-4.4	—
+ Unrealised FX (Gain) / Loss	0.0	0.0	-0.0	-0.9	—
+ Other Non-cash Items	-2.9	0.0	-0.4	0.0	—
+ Other Reconciling Items	0.0	0.0	0.0	-0.1	—
Changes in Working Capital
+ Inventories	-5.7	-16.2	5.6	-35.5	—
+ Trade Receivables — Current	3.2	-54.9	-20.8	23.0	—
+ Other Financial Assets — Current	0.4	-1.6	3.0	-0.3	—
+ Other Financial Assets — Non-current	0.0	0.0	-0.7	-0.3	—
+ Other Current Assets	-0.5	-1.0	-0.7	-5.3	—
+ Other Non-current Assets	-0.6	0.0	0.0	0.0	—
+ Trade Payables — Current	-0.4	21.4	7.5	9.8	—
+ Other Financial Liabilities — Current	0.1	-0.2	0.8	0.6	—
+ Other Current Liabilities	-7.9	7.0	-3.1	-3.5	—
+ Other Non-current Liabilities	-0.2	-0.1	0.4	0.0	—
+ Provisions — Current	4.7	-1.2	-0.3	5.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	90.2	109.6	130.1	102.7	77.8
+ Total Adjustments (incl. Working Capital)	1.1	-33.5	-6.2	-3.4	—
Cash from Operations (pre-tax)	91.3	76.1	123.9	99.3	—
+ Interest Received — Operating	-4.5	0.0	0.0	0.0	—
+ Dividends Received — Operating	-1.6	-8.6	0.0	0.0	—
+ Other Inflows / (Outflows) — Operating	0.0	-5.1	0.0	0.0	—
+ Income Taxes Paid	22.2	26.1	33.1	29.2	—
Cash from Operating Activities	63.0	36.3	90.8	70.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	15.3	20.0	24.4	53.0	—
+ Disp of Fixed Assets	0.2	1.8	0.3	0.3	—
+ Dividends Received — Investing	3.5	0.0	0.0	0.0	—
+ Interest Received — Investing	1.6	7.4	5.7	8.1	—
+ Other Inflows / (Outflows) — Investing	-16.2	-1.5	-19.6	-0.8	—
Cash from Investing Activities	-26.2	-12.4	-38.0	-45.3	—
Cash from Financing Activities
+ Dividends Paid	23.0	38.4	38.4	38.5	—
Cash from Financing Activities	-23.0	-38.4	-38.4	-38.5	—
Net Changes in Cash (pre-FX)	13.8	-14.4	14.4	-13.7	—
Net Changes in Cash	13.8	-14.4	14.4	-13.7	—
Closing Cash	15.1	0.7	—	—	—
Reference Items
EBITDA	89.8	101.8	128.7	103.9	84.8
EBITDA Margin %	20.16	18.99	21.29	20.03	17.11
Free Cash Flow (CFO − Capex)	47.7	16.3	66.4	17.1	17.1
Free Cash Flow per Basic Share	6.22	2.13	8.66	2.23	2.23
Price to Free Cash Flow	—	—	—	—	220.06
Cash Flow to Net Income	0.94	0.44	0.95	0.91	—
Cash Paid for Taxes	22.2	26.1	33.1	29.2	—

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%.