Swaraj Engines cash flow

Latest FY26

Cash from operations: ₹117cr−34.0% on FY25
Capital spending: ₹69.8cr+185.3% on FY25
Free cash flow: ₹46.7cr−69.3% on FY25
Cash from financing: −₹128cr−₹116 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.
	—	22.5	20.3	17.3	18.5
	—	−16.0	−14.8	−12.9	−11.0
	—	−0.0	−0.0	−0.0	−0.1
	—	0.3	0.2	0.2	0.2
	—	1.0	0.9	1.0	0.9
	—	3.5	−7.6	−1.2	−7.5
	—	−29.0	−57.0	7.9	−24.5
	—	−2.5	0.4	−3.0	−2.2
	—	0.0	0.0	−0.2	0.0
	—	−90.3	4.6	4.5	−8.5
	—	0.1	0.1	0.2	−0.1
	—	27.1	62.5	−7.7	36.0
	—	2.0	0.3	0.4	0.6
	—	3.3	2.1	0.1	1.5
	—	−0.4	0.3	−0.6	0.5
	—	2.9	0.8	0.3	−1.7
Cash from operating activities
	286	264	223	185	180
	—	−75.5	13.1	6.3	2.6
	—	188	236	191	182
	—	−2.1	−1.9	−2.0	−1.4
	—	69.4	57.5	46.9	48.1
	—	117	177	142	133
Cash from investing activities
	—	69.8	24.5	47.8	12.9
	—	0.5	0.2	2.2	2.0
	—	16.4	15.1	13.1	11.1
	—	75.0	−49.0	2.9	−37.9
	—	22.1	−58.1	−29.6	−37.6
Cash from financing activities
	—	0.7	0.5	0.4	0.2
	—	0.2	0.2	0.2	0.0
	—	127	115	112	97.2
	—	−128	−116	−112	−97.3
	—	10.7	2.4	0.6	−2.1
	—	10.7	2.4	0.6	−2.1
	—	—	—	4.2	3.6
Reference items
	300	272	227	188	186
	13.4%	13.6%	13.5%	13.3%	13.1%
	46.7	46.7	152	94.6	120
	—	46.5	152	94.4	—
	₹38.46	₹38.46	₹125.28	₹77.85	₹98.72
	90.00×	—	—	—	—
	—	0.59×	1.06×	1.03×	0.99×
	—	69.4	57.5	46.9	48.1
	—	0.2	0.2	0.2	0.0

Open the chart

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

alphave

SWARAJENG₹3,461.40

Swaraj Engines Limited

· Capital Goods & Defence

₹ CrorePeersINGERRAND YUKEN ROTOMcap ₹4,206 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	18.5	17.3	20.3	22.5	—
+ Interest Income	-11.0	-12.9	-14.8	-16.0	—
+ Fair Value (Gains) / Losses	-0.1	-0.0	-0.0	-0.0	—
+ Share-based Payments	0.2	0.2	0.2	0.3	—
+ Other Non-cash Items	0.9	1.0	0.9	1.0	—
Changes in Working Capital
+ Inventories	-7.5	-1.2	-7.6	3.5	—
+ Trade Receivables — Current	-24.5	7.9	-57.0	-29.0	—
+ Other Financial Assets — Current	-2.2	-3.0	0.4	-2.5	—
+ Other Financial Assets — Non-current	0.0	-0.2	0.0	0.0	—
+ Other Current Assets	-8.5	4.5	4.6	-90.3	—
+ Other Non-current Assets	-0.1	0.2	0.1	0.1	—
+ Trade Payables — Current	36.0	-7.7	62.5	27.1	—
+ Trade Payables — Non-current	0.6	0.4	0.3	2.0	—
+ Other Financial Liabilities — Current	1.5	0.1	2.1	3.3	—
+ Other Current Liabilities	0.5	-0.6	0.3	-0.4	—
+ Provisions — Current	-1.7	0.3	0.8	2.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	179.7	185.0	223.1	263.6	285.7
+ Total Adjustments (incl. Working Capital)	2.6	6.3	13.1	-75.5	—
Cash from Operations (pre-tax)	182.4	191.3	236.1	188.1	—
+ Other Inflows / (Outflows) — Operating	-1.4	-2.0	-1.9	-2.1	—
+ Income Taxes Paid	48.1	46.9	57.5	69.4	—
Cash from Operating Activities	132.8	142.4	176.7	116.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	12.9	47.8	24.5	69.8	—
+ Disp of Fixed Assets	2.0	2.2	0.2	0.5	—
+ Interest Received — Investing	11.1	13.1	15.1	16.4	—
+ Other Inflows / (Outflows) — Investing	-37.9	2.9	-49.0	75.0	—
Cash from Investing Activities	-37.6	-29.6	-58.1	22.1	—
Cash from Financing Activities
+ Payment of Lease Liabilities	0.2	0.4	0.5	0.7	—
+ Interest Paid	0.0	0.2	0.2	0.2	—
+ Dividends Paid	97.2	111.7	115.4	126.9	—
Cash from Financing Activities	-97.3	-112.3	-116.2	-127.9	—
Net Changes in Cash (pre-FX)	-2.1	0.6	2.4	10.7	—
Net Changes in Cash	-2.1	0.6	2.4	10.7	—
Closing Cash	3.6	4.2	—	—	—
Reference Items
EBITDA	186.4	188.2	227.3	272.1	300.2
EBITDA Margin %	13.11	13.26	13.52	13.56	13.39
Free Cash Flow (CFO − Capex)	120.0	94.6	152.2	46.7	46.7
Free Cash Flow to Equity	—	94.4	152.0	46.5	—
Free Cash Flow per Basic Share	98.72	77.85	125.28	38.46	38.46
Price to Free Cash Flow	—	—	—	—	90.00
Cash Flow to Net Income	0.99	1.03	1.06	0.59	—
Cash Paid for Taxes	48.1	46.9	57.5	69.4	—
Cash Paid for Interest	0.0	0.2	0.2	0.2	—

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%.