Syrma SGS Technology cash flow

Latest FY26

Cash from operations: ₹290cr+64.1% on FY25
Capital spending: ₹192cr−21.8% on FY25
Free cash flow: ₹97.8cr−₹68.7 cr in FY25
Cash from financing: ₹558cr−₹70.7 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.
	—	84.1	75.1	51.5	31.2
	—	48.3	58.5	37.8	21.6
	—	−21.1	−18.5	−33.5	−32.3
	—	0.0	−0.1	−0.3	−0.7
	—	−10.2	−8.0	−2.7	0.0
	—	5.7	4.5	3.0	0.0
	—	3.8	−0.8	−6.9	0.0
	—	0.0	0.8	5.3	0.0
	—	0.0	0.0	0.0	0.9
	—	−165	182	−378	−296
	—	−263	−547	−514	−129
	—	−95.6	−64.1	−31.2	6.0
	—	2.1	1.6	−2.3	−5.6
	—	−32.1	−11.4	−82.9	−41.3
	—	7.1	−7.3	−0.3	0.0
	—	375	355	728	0.0
	—	0.0	0.0	0.0	248
	—	3.5	0.0	−0.0	1.4
	—	0.0	0.0	0.4	0.0
	—	−17.7	−8.8	−1.3	−15.6
	—	−0.2	2.9	−0.1	0.0
	—	−1.7	1.1	−2.1	1.8
	—	−1.1	2.0	3.0	0.0
Cash from operating activities
	595	445	237	166	1,583
	—	−78.3	17.9	−226	−209
	—	367	255	−59.7	1,373
	—	11.7	−17.8	0.0	0.0
	—	89.2	60.7	54.0	39.7
	—	290	176	−114	1,334
Cash from investing activities
	—	184	237	325	111
	—	8.2	8.6	12.8	7.4
	—	16.5	72.6	0.0	0.2
	—	0.0	0.0	0.0	40.2
	—	0.0	0.0	45.9	0.0
	—	264	0.0	230	19.7
	—	0.0	10.0	0.0	0.0
	—	0.0	0.1	0.3	0.0
	—	19.9	16.8	35.8	0.0
	—	−322	60.5	458	−736
	—	−742	−105	−28.2	−914
Cash from financing activities
	—	978	0.0	0.0	0.0
	—	0.0	0.0	0.0	876
	—	0.0	1.0	0.0	0.0
	—	0.0	13.5	8.0	0.0
	—	0.0	59.5	232	69.2
	—	327	26.5	3.3	83.1
	—	11.3	13.3	7.0	0.0
	—	—	—	0.0	4.5
	—	40.6	51.3	32.7	0.0
	—	28.9	26.6	26.5	0.0
	—	−13.1	0.0	0.1	139
	—	558	−70.7	155	997
	—	105	0.6	12.9	1,416
	—	4.8	1.9	0.8	1.1
	—	110	2.5	13.7	1,417
	—	192	80.9	78.4	1,450
Reference items
	688	545	323	199	1,592
	10.9%	11.3%	8.5%	6.3%	77.7%
	97.8	97.8	−68.7	−451	1,215
	—	−201	−85.1	−255	—
	₹5.08	₹5.08	−₹3.57	−₹23.43	₹63.09
	283.60×	—	—	—	—
	—	0.84×	0.96×	−0.91×	0.87×
	—	89.2	60.7	54.0	39.7
	—	40.6	51.3	32.7	—

Open the chart

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

alphave

SYRMA₹1,440.00

Syrma SGS Technology Ltd.

· Capital Goods & Defence

₹ CrorePeersDIXON KAYNES AMBER TARIL SHYAMMETL TEGA TIMKEN TITAGARHMcap ₹27,738 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	31.2	51.5	75.1	84.1	—
+ Finance Costs	21.6	37.8	58.5	48.3	—
+ Interest Income	-32.3	-33.5	-18.5	-21.1	—
+ Dividend Income	-0.7	-0.3	-0.1	0.0	—
+ Fair Value (Gains) / Losses	0.0	-2.7	-8.0	-10.2	—
+ Share-based Payments	0.0	3.0	4.5	5.7	—
+ Unrealised FX (Gain) / Loss	0.0	-6.9	-0.8	3.8	—
+ Other Non-cash Items	0.0	5.3	0.8	0.0	—
+ Other Reconciling Items	0.9	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-295.7	-377.6	182.4	-165.3	—
+ Trade Receivables — Current	-129.3	-514.4	-546.8	-263.5	—
+ Other Financial Assets — Current	6.0	-31.2	-64.1	-95.6	—
+ Other Financial Assets — Non-current	-5.6	-2.3	1.6	2.1	—
+ Other Current Assets	-41.3	-82.9	-11.4	-32.1	—
+ Other Non-current Assets	0.0	-0.3	-7.3	7.1	—
+ Trade Payables — Current	0.0	728.5	354.9	375.5	—
+ Trade Payables — Non-current	248.3	0.0	0.0	0.0	—
+ Other Financial Liabilities — Current	1.4	-0.0	0.0	3.5	—
+ Other Financial Liabilities — Non-current	0.0	0.4	0.0	0.0	—
+ Other Current Liabilities	-15.6	-1.3	-8.8	-17.7	—
+ Other Non-current Liabilities	0.0	-0.1	2.9	-0.2	—
+ Provisions — Current	1.8	-2.1	1.1	-1.7	—
+ Provisions — Non-current	0.0	3.0	2.0	-1.1	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,582.7	166.4	237.1	445.4	594.8
+ Total Adjustments (incl. Working Capital)	-209.3	-226.1	17.9	-78.3	—
Cash from Operations (pre-tax)	1,373.4	-59.7	255.0	367.1	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	-17.8	11.7	—
+ Income Taxes Paid	39.7	54.0	60.7	89.2	—
Cash from Operating Activities	1,333.7	-113.6	176.5	289.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	111.0	324.9	236.5	183.5	—
+ Acq of Intangible Assets	7.4	12.8	8.6	8.2	—
+ Disp of Fixed Assets	0.2	0.0	72.6	16.5	—
+ Acq of Investment Property	40.2	0.0	0.0	0.0	—
+ Disp of Investment Property	0.0	45.9	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	19.7	230.0	0.0	264.4	—
+ Loans & Advances Made	0.0	0.0	10.0	0.0	—
+ Dividends Received — Investing	0.0	0.3	0.1	0.0	—
+ Interest Received — Investing	0.0	35.8	16.8	19.9	—
+ Other Inflows / (Outflows) — Investing	-736.4	457.5	60.5	-322.1	—
Cash from Investing Activities	-914.5	-28.2	-105.2	-742.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	0.0	978.2	—
+ Proceeds from Other Equity Instruments	876.0	0.0	0.0	0.0	—
+ Proceeds from Exercise of Stock Options	0.0	0.0	1.0	0.0	—
+ Buyback / Redemption of Own Shares	0.0	8.0	13.5	0.0	—
+ Proceeds from Borrowings	69.2	232.0	59.5	0.0	—
+ Repayment of Borrowings	83.1	3.3	26.5	326.6	—
+ Payment of Lease Liabilities	0.0	7.0	13.3	11.3	—
+ Payment of Finance Lease Liabilities	4.5	0.0	—	—	—
+ Interest Paid	0.0	32.7	51.3	40.6	—
+ Dividends Paid	0.0	26.5	26.6	28.9	—
+ Other Inflows / (Outflows) — Financing	139.1	0.1	0.0	-13.1	—
Cash from Financing Activities	996.8	154.7	-70.7	557.9	—
Net Changes in Cash (pre-FX)	1,416.0	12.9	0.6	105.5	—
+ Effect of FX Rate Changes on Cash	1.1	0.8	1.9	4.8	—
Net Changes in Cash	1,417.1	13.7	2.5	110.3	—
Closing Cash	1,450.5	78.4	80.9	192.3	—
Reference Items
EBITDA	1,591.8	198.5	323.3	544.5	688.4
EBITDA Margin %	77.71	6.29	8.54	11.30	10.91
Free Cash Flow (CFO − Capex)	1,215.3	-451.3	-68.7	97.8	97.8
Free Cash Flow to Equity	—	-254.5	-85.1	-200.8	—
Free Cash Flow per Basic Share	63.09	-23.43	-3.57	5.08	5.08
Price to Free Cash Flow	—	—	—	—	283.60
Cash Flow to Net Income	0.87	-0.91	0.96	0.84	—
Cash Paid for Taxes	39.7	54.0	60.7	89.2	—
Cash Paid for Interest	—	32.7	51.3	40.6	—

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%.