Solar Industries India cash flow

Latest FY26

Cash from operations: ₹621cr−74.8% on FY25
Capital spending: ₹1,739cr+72.9% on FY25
Free cash flow: −₹1,118cr₹1,462 cr in FY25
Cash from financing: ₹209cr−₹476 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.
	—	251	182	143	128
	—	0.0	0.0	27.8	0.0
	—	134	117	109	90.4
	—	0.0	0.0	−2.6	0.0
	—	0.0	0.0	−29.4	−16.3
	—	0.0	0.0	−7.1	0.0
	—	0.0	0.0	7.7	24.4
	—	0.0	0.0	109	0.0
	—	0.0	0.0	0.0	109
	—	−701	−188	262	−389
	—	−634	−311	−51.1	−323
	—	20.8	0.0	0.0	0.0
	—	−359	−147	−76.5	−18.4
	—	0.0	−17.7	0.0	0.0
	—	21.2	299	56.3	24.0
	—	0.0	−8.0	0.0	0.0
	—	95.6	1,167	−10.5	180
	—	0.0	−1.3	6.0	0.0
Cash from operating activities
	2,786	2,365	1,733	1,161	1,102
	—	−1,172	1,092	545	−191
	—	1,193	2,825	1,706	911
	—	0.0	−25.6	0.0	0.0
	—	−29.6	0.0	0.0	0.0
	—	120	71.3	0.0	0.0
	—	662	403	300	254
	—	621	2,468	1,406	656
Cash from investing activities
	—	1,739	1,006	560	479
	—	45.9	0.0	11.3	0.0
	—	0.0	284	0.0	47.0
	—	548	4.8	−187	0.0
	—	0.0	0.0	0.0	6.0
	—	37.1	208	0.0	0.0
	—	4.5	0.7	7.2	4.9
	—	0.0	0.0	8.7	0.0
	—	20.3	7.2	0.0	6.0
	—	3.1	−107	7.6	0.0
	—	−1,164	−1,593	−726	−519
Cash from financing activities
	—	858	118	340	504
	—	369	357	495	225
	—	19.4	18.2	0.0	6.1
	—	147	118	131	86.6
	—	114	76.9	76.6	67.9
	—	0.0	−23.8	−7.4	0.0
	—	209	−476	−370	118
	—	−334	398	309	256
	—	213	0.0	−295	−95.3
	—	−121	398	14.5	160
	—	469	—	260	245
Reference items
	3,102	2,622	1,960	1,369	1,289
	27.3%	26.7%	26.0%	22.6%	18.6%
	−1,118	−1,118	1,462	846	177
	—	−737	1,178	651	—
	−₹123.56	−₹123.56	₹161.50	₹93.51	₹19.60
	—	0.36×	1.92×	1.61×	0.81×
	—	662	403	300	254
	—	147	118	131	86.6

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

alphave

SOLARINDS₹19,430.00

Solar Industries India Ltd.

· Chemicals

₹ CrorePeersPIDILITIND SRF UPL COROMANDEL PIIND BASF FINEORG VINATIORGAMcap ₹1.76L 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	128.2	143.4	181.5	250.9	—
+ Impairment Loss / (Reversal)	0.0	27.8	0.0	0.0	—
+ Finance Costs	90.4	109.4	116.5	134.0	—
+ Interest Income	0.0	-2.6	0.0	0.0	—
+ Dividend Income	-16.3	-29.4	0.0	0.0	—
+ Fair Value (Gains) / Losses	0.0	-7.1	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	24.4	7.7	0.0	0.0	—
+ Other Non-cash Items	0.0	109.0	0.0	0.0	—
+ Other Reconciling Items	109.1	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-389.2	262.3	-187.5	-701.2	—
+ Trade Receivables — Current	-323.3	-51.1	-311.4	-633.7	—
+ Other Financial Assets — Non-current	0.0	0.0	0.0	20.8	—
+ Other Current Assets	-18.4	-76.5	-147.2	-359.2	—
+ Other Non-current Assets	0.0	0.0	-17.7	0.0	—
+ Trade Payables — Current	24.0	56.3	299.3	21.2	—
+ Other Financial Liabilities — Current	0.0	0.0	-8.0	0.0	—
+ Other Current Liabilities	180.2	-10.5	1,167.5	95.6	—
+ Provisions — Current	0.0	6.0	-1.3	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,101.9	1,160.9	1,733.2	2,365.0	2,786.0
+ Total Adjustments (incl. Working Capital)	-191.0	544.6	1,091.8	-1,171.7	—
Cash from Operations (pre-tax)	910.9	1,705.6	2,824.9	1,193.3	—
+ Interest Received — Operating	0.0	0.0	-25.6	0.0	—
+ Dividends Received — Operating	0.0	0.0	0.0	-29.6	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	71.3	119.7	—
+ Income Taxes Paid	254.4	299.6	403.1	662.5	—
Cash from Operating Activities	656.5	1,406.0	2,467.6	620.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	479.1	559.8	1,006.0	1,739.1	—
+ Disp of Fixed Assets	0.0	11.3	0.0	45.9	—
+ Acq of Investment Property	47.0	0.0	284.0	0.0	—
+ Disp of Investment Property	0.0	-187.0	4.8	547.7	—
+ Disp of Other Long-term Assets	6.0	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	207.9	37.1	—
+ Loans & Advances Made	4.9	7.2	0.7	4.5	—
+ Dividends Received — Investing	0.0	8.7	0.0	0.0	—
+ Interest Received — Investing	6.0	0.0	7.2	20.3	—
+ Other Inflows / (Outflows) — Investing	0.0	7.6	-106.8	3.1	—
Cash from Investing Activities	-519.0	-726.5	-1,593.2	-1,163.8	—
Cash from Financing Activities
+ Proceeds from Borrowings	503.6	339.6	118.1	858.4	—
+ Repayment of Borrowings	224.9	495.2	357.3	368.7	—
+ Payment of Lease Liabilities	6.1	0.0	18.2	19.4	—
+ Interest Paid	86.6	130.7	118.2	146.9	—
+ Dividends Paid	67.9	76.6	76.9	113.9	—
+ Other Inflows / (Outflows) — Financing	0.0	-7.4	-23.8	0.0	—
Cash from Financing Activities	118.2	-370.3	-476.4	209.5	—
Net Changes in Cash (pre-FX)	255.7	309.3	398.0	-333.5	—
+ Effect of FX Rate Changes on Cash	-95.3	-294.7	0.0	212.5	—
Net Changes in Cash	160.4	14.5	398.0	-121.0	—
Closing Cash	245.0	259.9	—	469.4	—
Reference Items
EBITDA	1,288.9	1,369.2	1,960.4	2,621.8	3,102.2
EBITDA Margin %	18.62	22.56	26.00	26.65	27.33
Free Cash Flow (CFO − Capex)	177.4	846.3	1,461.6	-1,118.3	-1,118.3
Free Cash Flow to Equity	—	651.3	1,178.0	-736.9	—
Free Cash Flow per Basic Share	19.60	93.51	161.50	-123.56	-123.56
Cash Flow to Net Income	0.81	1.61	1.92	0.36	—
Cash Paid for Taxes	254.4	299.6	403.1	662.5	—
Cash Paid for Interest	86.6	130.7	118.2	146.9	—

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%.