| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 236 | 224 | 213 | 198 | ||
| — | −3.1 | 4.9 | 0.2 | −0.1 | ||
| — | 0.0 | 0.0 | 0.0 | 39.7 | ||
| — | −16.7 | −5.7 | −5.0 | −4.5 | ||
| — | −1.0 | −1.1 | −0.9 | −0.8 | ||
| — | −20.0 | −0.3 | −2.8 | 2.5 | ||
| — | 2.6 | 1.0 | −2.3 | −9.5 | ||
Changes in working capital | ||||||
| — | −102 | −119 | −27.9 | −103 | ||
| — | −27.7 | −206 | −157 | −139 | ||
| — | 3.2 | −12.8 | −17.4 | 15.6 | ||
| — | 6.8 | 0.0 | 0.2 | −31.7 | ||
| — | 113 | −33.0 | 11.4 | 0.0 | ||
| — | −17.1 | 7.2 | 0.9 | 0.0 | ||
| — | 13.1 | 0.0 | 0.0 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | −1.3 | ||
Cash from operating activities | ||||||
| 841 | 788 | 715 | 696 | 661 | ||
| — | 188 | −140 | 12.8 | −34.0 | ||
| — | 976 | 575 | 708 | 627 | ||
| — | −38.2 | −33.6 | −32.0 | 0.0 | ||
| — | 177 | 185 | 152 | 158 | ||
| — | 837 | 423 | 589 | 469 | ||
Cash from investing activities | ||||||
| — | 372 | 396 | 400 | 239 | ||
| — | 2.2 | 1.9 | 1.6 | 10.1 | ||
| — | 0.0 | 0.0 | 0.0 | 1,335 | ||
| — | 0.0 | 0.0 | 0.0 | 1,333 | ||
| — | 0.9 | 1.1 | 0.8 | 0.8 | ||
| — | 17.3 | 7.0 | 4.0 | 4.0 | ||
| — | −8.7 | 4.7 | 5.6 | −8.2 | ||
| — | −360 | −381 | −388 | −234 | ||
Cash from financing activities | ||||||
| — | 1,299 | 1,546 | 467 | 57.2 | ||
| — | 1,521 | 1,383 | 540 | 112 | ||
| — | 6.5 | 5.0 | 8.1 | 7.3 | ||
| — | 39.3 | 34.2 | 31.5 | 32.2 | ||
| — | 169 | 152 | 122 | 120 | ||
| — | −436 | −27.6 | −235 | −214 | ||
| — | 40.5 | 14.6 | −34.0 | 20.5 | ||
| — | 3.7 | −0.4 | −1.0 | 0.6 | ||
| — | 44.2 | 14.2 | −35.0 | 21.1 | ||
| — | — | — | 22.5 | 57.5 | ||
Reference items | ||||||
| 1,079 | 996 | 944 | 887 | 853 | ||
| 15.3% | 15.8% | 15.9% | 15.7% | 15.1% | ||
| 465 | 465 | 27.6 | 189 | 230 | ||
| — | 228 | 162 | 79.3 | — | ||
| ₹22.13 | ₹22.13 | ₹1.31 | ₹9.00 | ₹10.97 | ||
| 48.42× | — | — | — | — | ||
| — | 1.41× | 0.78× | 1.12× | 0.94× | ||
| — | 177 | 185 | 152 | 158 | ||
| — | 39.3 | 34.2 | 31.5 | 32.2 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
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 | 198.0 | 213.3 | 223.9 | 236.0 | — | |
| + Impairment Loss / (Reversal) | -0.1 | 0.2 | 4.9 | -3.1 | — | |
| + Finance Costs | 39.7 | 0.0 | 0.0 | 0.0 | — | |
| + Interest Income | -4.5 | -5.0 | -5.7 | -16.7 | — | |
| + Dividend Income | -0.8 | -0.9 | -1.1 | -1.0 | — | |
| + Unrealised FX (Gain) / Loss | 2.5 | -2.8 | -0.3 | -20.0 | — | |
| + Other Non-cash Items | -9.5 | -2.3 | 1.0 | 2.6 | — | |
| Changes in Working Capital | ||||||
| + Inventories | -102.6 | -27.9 | -118.6 | -101.6 | — | |
| + Other Financial Assets — Current | -139.3 | -157.0 | -206.0 | -27.7 | — | |
| + Other Current Assets | 15.6 | -17.4 | -12.8 | 3.2 | — | |
| + Other Financial Liabilities — Current | -31.7 | 0.2 | 0.0 | 6.8 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 11.4 | -33.0 | 113.3 | — | |
| + Other Current Liabilities | 0.0 | 0.9 | 7.2 | -17.1 | — | |
| + Provisions — Current | 0.0 | 0.0 | 0.0 | 13.1 | — | |
| + Provisions — Non-current | -1.3 | 0.0 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 660.7 | 695.5 | 715.0 | 788.1 | 841.2 | |
| + Total Adjustments (incl. Working Capital) | -34.0 | 12.8 | -140.3 | 187.8 | — | |
| Cash from Operations (pre-tax) | 626.6 | 708.3 | 574.7 | 975.9 | — | |
| + Interest Paid — Operating | 0.0 | -32.0 | -33.6 | -38.2 | — | |
| + Income Taxes Paid | 157.7 | 151.6 | 185.0 | 177.0 | — | |
| Cash from Operating Activities | 469.0 | 588.7 | 423.3 | 837.0 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 238.5 | 399.5 | 395.7 | 372.1 | — | |
| + Disp of Fixed Assets | 10.1 | 1.6 | 1.9 | 2.2 | — | |
| + Acq of Investment Property | 1,335.2 | 0.0 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | 1,332.8 | 0.0 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 0.8 | 0.8 | 1.1 | 0.9 | — | |
| + Interest Received — Investing | 4.0 | 4.0 | 7.0 | 17.3 | — | |
| + Other Inflows / (Outflows) — Investing | -8.2 | 5.6 | 4.7 | -8.7 | — | |
| Cash from Investing Activities | -234.2 | -387.7 | -381.1 | -360.4 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Borrowings | 57.2 | 467.1 | 1,546.3 | 1,299.1 | — | |
| + Repayment of Borrowings | 112.4 | 540.4 | 1,382.8 | 1,521.0 | — | |
| + Payment of Lease Liabilities | 7.3 | 8.1 | 5.0 | 6.5 | — | |
| + Interest Paid | 32.2 | 31.5 | 34.2 | 39.3 | — | |
| + Dividends Paid | 119.5 | 122.2 | 151.8 | 168.5 | — | |
| Cash from Financing Activities | -214.3 | -235.1 | -27.6 | -436.2 | — | |
| Net Changes in Cash (pre-FX) | 20.5 | -34.0 | 14.6 | 40.5 | — | |
| + Effect of FX Rate Changes on Cash | 0.6 | -1.0 | -0.4 | 3.7 | — | |
| Net Changes in Cash | 21.1 | -35.0 | 14.2 | 44.2 | — | |
| Closing Cash | 57.5 | 22.5 | — | — | — | |
| Reference Items | ||||||
| EBITDA | 853.5 | 886.7 | 944.1 | 995.9 | 1,079.0 | |
| EBITDA Margin % | 15.07 | 15.65 | 15.85 | 15.84 | 15.27 | |
| Free Cash Flow (CFO − Capex) | 230.4 | 189.2 | 27.6 | 465.0 | 465.0 | |
| Free Cash Flow to Equity | — | 79.3 | 161.7 | 228.0 | — | |
| Free Cash Flow per Basic Share | 10.97 | 9.00 | 1.31 | 22.13 | 22.13 | |
| Price to Free Cash Flow | — | — | — | — | 48.42 | |
| Cash Flow to Net Income | 0.94 | 1.12 | 0.78 | 1.41 | — | |
| Cash Paid for Taxes | 157.7 | 151.6 | 185.0 | 177.0 | — | |
| Cash Paid for Interest | 32.2 | 31.5 | 34.2 | 39.3 | — | |