STEEL EXCHANGE INDIA cash flow

Latest FY26

Cash from operations: −₹38.0cr₹96.7 cr in FY25
Capital spending: ₹0.0crNo figure a year before
Free cash flow: −₹38.0cr₹96.7 cr in FY25
Cash from financing: ₹25.1cr−₹80.6 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.
	—	28.3	23.6	21.3	24.4
	—	69.5	74.5	77.9	106
	—	−15.9	−11.5	−6.4	2.8
	—	0.0	0.0	−0.0	−0.1
	—	−89.4	−10.8	−13.8	−44.4
	—	−31.5	−17.2	−57.7	−20.4
	—	−13.2	−14.8	−12.8	11.7
	—	4.2	−0.3	1.3	−1.2
	—	0.4	11.6	−8.4	−0.3
	—	−33.8	14.9	−17.7	62.5
	—	8.3	−19.3	14.7	−6.9
	—	−6.1	0.3	−47.9	31.9
	—	0.8	0.2	0.2	0.5
Cash from operating activities
	45.0	40.2	45.5	1.3	−28.3
	—	−78.3	51.2	−49.2	166
	—	−38.0	96.7	−48.0	138
	—	−38.0	96.7	−48.0	138
Cash from investing activities
	—	0.0	0.0	12.1	9.8
	—	15.2	31.9	0.1	2.4
	—	−7.1	−47.1	−37.2	−6.2
	—	8.1	−15.2	−49.3	−13.6
Cash from financing activities
	—	5.0	0.0	148	115
	—	−28.9	18.7	0.0	0.0
	—	199	0.0	−55.0	−115
	—	177	0.0	100	0.9
	—	392	33.7	15.2	15.2
	—	0.0	0.0	77.9	0.0
	—	65.7	−65.6	−2.1	−106
	—	25.1	−80.6	97.9	−120
	—	−4.8	1.0	0.7	4.0
	—	−4.8	1.0	0.7	4.0
	—	—	—	20.1	19.4
Reference items
	134	131	124	96.4	96.7
	13.0%	12.4%	10.9%	8.9%	7.0%
	−38.0	−38.0	96.7	−60.1	128
	—	—	—	5.8	—
	−₹0.30	−₹0.30	₹0.78	−₹0.48	₹1.03
	—	−1.41×	3.73×	−4.41×	−2.34×
	—	—	—	77.9	—

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

alphave

STEELXIND₹9.87

STEEL EXCHANGE INDIA LIMITED

· Capital Goods & Defence

₹ CrorePeersMANAKCOAT ELECTHERM RSL BHARATWIRE RHETAN AEROENTER HITECH GANDHITUBEMcap ₹1,231 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	24.4	21.3	23.6	28.3	—
+ Finance Costs	105.6	77.9	74.5	69.5	—
+ Other Non-cash Items	2.8	-6.4	-11.5	-15.9	—
+ Other Reconciling Items	-0.1	-0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-44.4	-13.8	-10.8	-89.4	—
+ Trade Receivables — Current	-20.4	-57.7	-17.2	-31.5	—
+ Other Financial Assets — Current	11.7	-12.8	-14.8	-13.2	—
+ Other Current Assets	-1.2	1.3	-0.3	4.2	—
+ Other Non-current Assets	-0.3	-8.4	11.6	0.4	—
+ Trade Payables — Current	62.5	-17.7	14.9	-33.8	—
+ Other Financial Liabilities — Current	-6.9	14.7	-19.3	8.3	—
+ Other Current Liabilities	31.9	-47.9	0.3	-6.1	—
+ Other Non-current Liabilities	0.5	0.2	0.2	0.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-28.3	1.3	45.5	40.2	45.0
+ Total Adjustments (incl. Working Capital)	166.0	-49.2	51.2	-78.3	—
Cash from Operations (pre-tax)	137.7	-48.0	96.7	-38.0	—
Cash from Operating Activities	137.7	-48.0	96.7	-38.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	9.8	12.1	0.0	0.0	—
+ Disp of Fixed Assets	2.4	0.1	31.9	15.2	—
+ Other Inflows / (Outflows) — Investing	-6.2	-37.2	-47.1	-7.1	—
Cash from Investing Activities	-13.6	-49.3	-15.2	8.1	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	115.1	148.1	0.0	5.0	—
+ Proceeds from Other Equity Instruments	0.0	0.0	18.7	-28.9	—
+ Proceeds from Debentures / Notes / Bonds	-115.1	-55.0	0.0	198.6	—
+ Proceeds from Borrowings	0.9	100.0	0.0	177.0	—
+ Repayment of Borrowings	15.2	15.2	33.7	392.2	—
+ Interest Paid	0.0	77.9	0.0	0.0	—
+ Other Inflows / (Outflows) — Financing	-105.6	-2.1	-65.6	65.7	—
Cash from Financing Activities	-120.0	97.9	-80.6	25.1	—
Net Changes in Cash (pre-FX)	4.0	0.7	1.0	-4.8	—
Net Changes in Cash	4.0	0.7	1.0	-4.8	—
Closing Cash	19.4	20.1	—	—	—
Reference Items
EBITDA	96.7	96.4	124.3	131.1	133.9
EBITDA Margin %	6.96	8.85	10.86	12.37	13.01
Free Cash Flow (CFO − Capex)	127.9	-60.1	96.7	-38.0	-38.0
Free Cash Flow to Equity	—	5.8	—	—	—
Free Cash Flow per Basic Share	1.03	-0.48	0.78	-0.30	-0.30
Cash Flow to Net Income	-2.34	-4.41	3.73	-1.41	—
Cash Paid for Interest	—	77.9	—	—	—

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.

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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%.