UltraTech Cement cash flow

Latest FY26

Cash from operations: ₹15,316cr+43.5% on FY25
Capital spending: ₹9,678cr+6.0% on FY25
Free cash flow: ₹5,638cr+265.1% on FY25
Cash from financing: −₹5,954cr₹5,076 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.
	—	4,644	4,015	3,145	2,888
	—	1,872	1,651	968	823
	—	−261	−293	−241	−272
	—	−108	−160	−219	−117
	—	52.0	51.6	43.1	0.0
	—	−50.4	58.3	15.1	0.0
	—	−117	75.0	16.4	−172
	—	−124	−290	−98.6	−31.7
	—	−67.9	−317	−1,712	−992
	—	−27.6	−608	−421	−752
	—	0.0	0.0	0.0	−479
	—	−840	763	−278	0.0
	—	590	−476	1,959	1,869
	—	112	−33.8	−29.4	18.0
Cash from operating activities
	11,809	10,943	7,539	9,400	7,412
	—	5,674	4,435	3,148	2,781
	—	16,617	11,974	12,548	10,193
	—	1,301	1,301	1,651	1,124
	—	15,316	10,673	10,898	9,069
Cash from investing activities
	—	9,678	9,129	9,006	6,200
	—	167	179	122	94.5
	—	0.0	879	0.0	7,644
	—	262	−901	0.0	7,194
	—	5,003	15,006	121	898
	—	3,822	19,115	0.0	0.0
	—	74.9	149	0.0	0.0
	—	52.7	10,113	0.0	19.3
	—	789	36.3	−60.4	3.5
	—	0.0	0.8	0.2	0.0
	—	207	342	161	283
	—	81.3	0.0	116	0.0
	—	−9,480	−16,504	−8,788	−7,187
Cash from financing activities
	—	0.0	2.0	0.0	0.0
	—	50.0	31.3	1.9	4.7
	—	119	100	100	115
	—	−40.2	9,410	1,399	1,032
	—	1,426	550	1,069	579
	—	276	226	162	126
	—	1,869	1,479	917	765
	—	2,273	2,012	1,094	1,091
	—	0.0	0.0	16.1	8.1
	—	−5,954	5,076	−1,926	−1,631
	—	−118	−755	184	250
	—	5.1	3.8	−0.6	−0.6
	—	−113	−751	183	250
	—	354	467	554	370
Reference items
	18,252	17,020	12,557	12,969	10,620
	19.1%	19.2%	16.5%	18.3%	16.8%
	5,638	5,638	1,544	1,892	2,868
	—	3,519	12,798	1,373	—
	₹191.33	₹191.33	₹52.40	₹64.20	₹97.34
	58.41×	—	—	—	—
	—	1.87×	1.77×	1.56×	1.79×
	—	1,301	1,301	1,651	1,124
	—	1,869	1,479	917	765

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

alphave

ULTRACEMCO₹11,175.00

UltraTech Cement Ltd.

· Infrastructure

₹ CrorePeersAMBUJACEM SHREECEM ACC GRASIM DALBHARAT JKCEMENT JSWCEMENT RAMCOCEMMcap ₹3.29L 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	2,888.0	3,145.3	4,015.0	4,644.5	—
+ Finance Costs	822.7	968.0	1,650.5	1,871.7	—
+ Interest Income	-272.5	-240.9	-293.2	-261.4	—
+ Fair Value (Gains) / Losses	-116.5	-219.5	-160.4	-107.9	—
+ Share-based Payments	0.0	43.1	51.6	52.0	—
+ Unrealised FX (Gain) / Loss	0.0	15.1	58.3	-50.4	—
+ Other Non-cash Items	-172.5	16.4	75.0	-117.3	—
+ Other — Cash Effects are Investing / Financing	-31.7	-98.6	-290.4	-124.4	—
Changes in Working Capital
+ Inventories	-991.9	-1,711.5	-316.9	-67.9	—
+ Trade Receivables — Current	-752.3	-421.0	-607.5	-27.6	—
+ Other Financial Assets — Current	-479.3	0.0	0.0	0.0	—
+ Other Current Assets	0.0	-278.2	762.7	-840.3	—
+ Trade Payables — Current	1,868.6	1,959.0	-475.6	590.3	—
+ Provisions — Current	18.0	-29.4	-33.8	112.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	7,412.2	9,400.2	7,538.7	10,943.0	11,809.2
+ Total Adjustments (incl. Working Capital)	2,780.6	3,147.9	4,435.4	5,673.5	—
Cash from Operations (pre-tax)	10,192.8	12,548.1	11,974.1	16,616.6	—
+ Income Taxes Paid	1,124.3	1,650.5	1,300.6	1,300.7	—
Cash from Operating Activities	9,068.5	10,897.5	10,673.4	15,315.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	6,200.1	9,005.6	9,129.3	9,677.8	—
+ Disp of Fixed Assets	94.5	121.5	178.7	167.2	—
+ Acq of Other Long-term Assets	7,643.8	0.0	879.4	0.0	—
+ Disp of Other Long-term Assets	7,193.5	0.0	-900.9	262.0	—
+ Purchase of Investments (Equity / Debt)	898.1	120.8	15,005.7	5,002.9	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	19,115.3	3,822.0	—
+ Acq of Interests in Joint Ventures	0.0	0.0	149.4	74.9	—
+ Acq of Subsidiaries / Businesses (net)	19.3	0.0	10,112.9	52.7	—
+ Disp of Subsidiaries / Businesses (net)	3.5	-60.4	36.3	788.5	—
+ Dividends Received — Investing	0.0	0.2	0.8	0.0	—
+ Interest Received — Investing	282.7	161.2	342.0	207.3	—
+ Other Inflows / (Outflows) — Investing	0.0	115.7	0.0	81.3	—
Cash from Investing Activities	-7,187.1	-8,788.1	-16,504.5	-9,480.1	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	2.0	0.0	—
+ Proceeds from Exercise of Stock Options	4.7	1.9	31.3	50.0	—
+ Buyback / Redemption of Own Shares	114.5	100.4	100.3	119.4	—
+ Proceeds from Borrowings	1,031.8	1,398.6	9,409.6	-40.2	—
+ Repayment of Borrowings	578.8	1,068.7	550.3	1,425.7	—
+ Payment of Lease Liabilities	126.0	162.0	225.9	276.3	—
+ Interest Paid	764.9	916.7	1,479.0	1,868.7	—
+ Dividends Paid	1,091.3	1,094.4	2,011.7	2,273.4	—
+ Other Inflows / (Outflows) — Financing	8.1	16.1	0.0	0.0	—
Cash from Financing Activities	-1,631.0	-1,925.7	5,075.8	-5,953.6	—
Net Changes in Cash (pre-FX)	250.4	183.8	-755.3	-117.8	—
+ Effect of FX Rate Changes on Cash	-0.6	-0.6	3.8	5.1	—
Net Changes in Cash	249.8	183.2	-751.5	-112.7	—
Closing Cash	370.4	553.6	467.2	354.5	—
Reference Items
EBITDA	10,619.9	12,968.6	12,557.5	17,020.2	18,252.3
EBITDA Margin %	16.79	18.29	16.53	19.23	19.10
Free Cash Flow (CFO − Capex)	2,868.4	1,892.0	1,544.1	5,638.1	5,638.1
Free Cash Flow to Equity	—	1,372.9	12,797.7	3,519.1	—
Free Cash Flow per Basic Share	97.34	64.20	52.40	191.33	191.33
Price to Free Cash Flow	—	—	—	—	58.41
Cash Flow to Net Income	1.79	1.56	1.77	1.87	—
Cash Paid for Taxes	1,124.3	1,650.5	1,300.6	1,300.7	—
Cash Paid for Interest	764.9	916.7	1,479.0	1,868.7	—

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 ✓ 144%.