Skipper cash flow

Latest FY26

Cash from operations: ₹277cr+81.0% on FY25
Capital spending: ₹366cr+54.0% on FY25
Free cash flow: −₹89.0cr−₹84.6 cr in FY25
Cash from financing: −₹8.0cr₹51.2 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.
	—	79.8	63.3	52.5	46.8
	—	217	213	154	104
	—	−7.9	−12.5	−7.5	−3.5
	—	−3.6	−3.5	1.3	6.9
	—	−7.8	0.4	−0.5	−3.8
	—	6.7	12.8	11.5	8.3
	—	139	5.7	−290	−127
	—	−792	49.4	−418	66.5
	—	−116	0.0	0.0	0.0
	—	−13.8	−55.0	−9.6	−29.2
	—	0.0	−85.4	−54.7	0.0
	—	494	1.5	632	−38.1
	—	0.5	0.0	0.0	0.0
	—	43.3	−205	41.9	220
	—	0.0	7.6	−2.9	0.0
	—	10.2	3.8	0.2	−1.0
Cash from operating activities
	318	276	195	122	47.1
	—	48.9	−3.9	111	249
	—	325	191	233	297
	—	47.2	38.0	33.4	12.4
	—	277	153	199	284
Cash from investing activities
	—	366	238	102	84.9
	—	0.9	1.9	0.7	0.0
	—	0.0	0.0	0.0	1.8
	—	5.7	11.0	2.3	1.9
	—	87.6	24.5	−88.0	−16.7
	—	−272	−201	−187	−97.9
Cash from financing activities
	—	1.1	148	49.8	0.0
	—	347	80.5	169	60.9
	—	112	129	63.1	90.3
	—	11.9	10.4	3.0	0.0
	—	—	—	0.0	1.0
	—	213	210	152	103
	—	1.1	1.1	1.0	1.0
	—	−17.7	173	−12.4	−51.0
	—	−8.0	51.2	−12.5	−185
	—	−2.8	3.9	−0.3	1.0
	—	−2.8	3.9	−0.3	1.0
	—	—	—	1.8	2.1
Reference items
	600	573	452	319	193
	10.5%	10.3%	9.8%	9.7%	9.7%
	−89.0	−89.0	−84.6	97.2	199
	—	−82.0	−170	38.7	—
	−₹7.88	−₹7.88	−₹7.50	₹8.61	₹17.65
	—	1.30×	1.03×	2.44×	7.99×
	—	47.2	38.0	33.4	12.4
	—	213	210	152	103

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

alphave

SKIPPER₹510.00

Skipper Ltd.

· Capital Goods & Defence

₹ CrorePeersKEC SKFINDUS SMLMAH SHAKTIPUMP SUBROS SAATVIKGL SURYAROSNI TDPOWERSYSMcap ₹5,758 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	46.8	52.5	63.3	79.8	—
+ Finance Costs	104.0	154.0	212.7	217.1	—
+ Interest Income	-3.5	-7.5	-12.5	-7.9	—
+ Fair Value (Gains) / Losses	6.9	1.3	-3.5	-3.6	—
+ Unrealised FX (Gain) / Loss	-3.8	-0.5	0.4	-7.8	—
+ Other Reconciling Items	8.3	11.5	12.8	6.7	—
Changes in Working Capital
+ Inventories	-127.1	-289.9	5.7	138.6	—
+ Trade Receivables — Current	66.5	-417.7	49.4	-792.2	—
+ Other Financial Assets — Current	0.0	0.0	0.0	-115.5	—
+ Other Current Assets	-29.2	-9.6	-55.0	-13.8	—
+ Other Non-current Assets	0.0	-54.7	-85.4	0.0	—
+ Trade Payables — Current	-38.1	632.4	1.5	493.7	—
+ Other Financial Liabilities — Current	0.0	0.0	0.0	0.5	—
+ Other Current Liabilities	219.8	41.9	-204.8	43.3	—
+ Other Non-current Liabilities	0.0	-2.9	7.6	0.0	—
+ Provisions — Current	-1.0	0.2	3.8	10.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	47.1	121.5	195.1	275.7	317.6
+ Total Adjustments (incl. Working Capital)	249.5	111.0	-3.9	48.9	—
Cash from Operations (pre-tax)	296.6	232.5	191.3	324.6	—
+ Income Taxes Paid	12.4	33.4	38.0	47.2	—
Cash from Operating Activities	284.2	199.2	153.3	277.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	84.9	102.0	237.9	366.4	—
+ Disp of Fixed Assets	0.0	0.7	1.9	0.9	—
+ Disp of Investment Property	1.8	0.0	0.0	0.0	—
+ Interest Received — Investing	1.9	2.3	11.0	5.7	—
+ Other Inflows / (Outflows) — Investing	-16.7	-88.0	24.5	87.6	—
Cash from Investing Activities	-97.9	-187.0	-200.5	-272.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	49.8	147.8	1.1	—
+ Proceeds from Borrowings	60.9	168.9	80.5	346.7	—
+ Repayment of Borrowings	90.3	63.1	128.8	111.7	—
+ Payment of Lease Liabilities	0.0	3.0	10.4	11.9	—
+ Payment of Finance Lease Liabilities	1.0	0.0	—	—	—
+ Interest Paid	102.8	151.7	210.0	213.3	—
+ Dividends Paid	1.0	1.0	1.1	1.1	—
+ Other Inflows / (Outflows) — Financing	-51.0	-12.4	173.1	-17.7	—
Cash from Financing Activities	-185.3	-12.5	51.2	-8.0	—
Net Changes in Cash (pre-FX)	1.0	-0.3	3.9	-2.8	—
Net Changes in Cash	1.0	-0.3	3.9	-2.8	—
Closing Cash	2.1	1.8	—	—	—
Reference Items
EBITDA	192.5	319.4	451.7	572.7	599.7
EBITDA Margin %	9.72	9.73	9.77	10.31	10.46
Free Cash Flow (CFO − Capex)	199.3	97.2	-84.6	-89.0	-89.0
Free Cash Flow to Equity	—	38.7	-170.4	-82.0	—
Free Cash Flow per Basic Share	17.65	8.61	-7.50	-7.88	-7.88
Cash Flow to Net Income	7.99	2.44	1.03	1.30	—
Cash Paid for Taxes	12.4	33.4	38.0	47.2	—
Cash Paid for Interest	102.8	151.7	210.0	213.3	—

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%.