Usha Martin cash flow

Latest FY26

Cash from operations: ₹655cr+55.4% on FY25
Capital spending: ₹198cr−19.0% on FY25
Free cash flow: ₹457cr+158.2% on FY25
Cash from financing: −₹321cr−₹91.5 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.
	—	116	97.9	77.0	67.5
	—	19.6	29.6	24.8	30.3
	—	31.9	−6.0	−4.5	−2.0
	—	9.9	0.0	0.0	0.0
	—	1.8	0.4	0.0	0.0
	—	−3.9	15.4	8.5	−0.9
	—	0.0	−21.8	−4.5	0.0
	—	0.0	0.3	0.0	0.0
	—	−30.1	0.0	−0.3	2.7
	—	27.1	−95.3	1.6	−92.5
	—	−113	11.3	−36.6	−88.6
	—	12.6	−12.4	−3.1	7.2
	—	0.3	−0.4	0.1	−0.2
	—	−33.3	8.9	16.4	−15.3
	—	−3.1	−0.9	1.9	3.7
	—	45.6	21.4	−52.6	8.1
	—	27.0	−7.5	−1.9	−16.8
	—	−0.0	0.4	−0.0	0.0
	—	−6.6	−8.5	20.3	3.8
	—	0.0	0.0	−15.8	−11.2
	—	0.9	0.5	3.8	1.9
	—	12.2	−1.4	−11.6	−7.7
Cash from operating activities
	675	621	509	537	444
	—	115	31.9	23.5	−98.2
	—	736	541	561	345
	—	80.6	119	117	93.9
	—	655	422	444	252
Cash from investing activities
	—	198	245	278	182
	—	32.0	13.7	2.1	20.3
	—	0.0	0.0	16.2	0.0
	—	0.0	3.6	0.0	0.0
	—	7.2	5.8	4.4	3.6
	—	11.3	6.4	3.1	2.1
	—	−219	−0.9	−2.9	−1.3
	—	−367	−223	−287	−158
Cash from financing activities
	—	0.0	1.1	0.0	0.0
	—	0.0	6.5	0.0	0.0
	—	0.0	10.8	71.0	49.9
	—	192	−29.0	133	61.8
	—	13.4	12.3	0.0	0.0
	—	17.9	29.8	21.6	28.2
	—	91.4	83.8	76.2	61.0
	—	−6.5	0.0	0.0	0.0
	—	−321	−91.5	−159	−101
	—	−32.8	107	−2.6	−7.2
	—	13.9	3.9	2.3	3.0
	—	−18.9	111	−0.4	−4.2
	—	—	—	150	150
Reference items
	768	705	597	599	513
	20.0%	19.1%	17.2%	18.6%	15.7%
	457	457	177	166	69.3
	—	247	187	87.8	—
	₹14.99	₹14.99	₹5.80	₹5.45	₹2.27
	30.80×	—	—	—	—
	—	1.41×	1.04×	1.05×	0.72×
	—	80.6	119	117	93.9
	—	17.9	29.8	21.6	28.2

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

alphave

USHAMART₹461.70

Usha Martin Ltd.

· Capital Goods & Defence

₹ CrorePeersTITAGARH TIMKEN ZENTEC TEGA TARIL SYRMA SHYAMMETL RRKABELMcap ₹14,086 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	67.5	77.0	97.9	116.4	—
+ Finance Costs	30.3	24.8	29.6	19.6	—
+ Interest Income	-2.0	-4.5	-6.0	31.9	—
+ Fair Value (Gains) / Losses	0.0	0.0	0.0	9.9	—
+ Share-based Payments	0.0	0.0	0.4	1.8	—
+ Unrealised FX (Gain) / Loss	-0.9	8.5	15.4	-3.9	—
+ Other Non-cash Items	0.0	-4.5	-21.8	0.0	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.3	0.0	—
+ Other Reconciling Items	2.7	-0.3	0.0	-30.1	—
Changes in Working Capital
+ Inventories	-92.5	1.6	-95.3	27.1	—
+ Trade Receivables — Current	-88.6	-36.6	11.3	-113.3	—
+ Other Financial Assets — Current	7.2	-3.1	-12.4	12.6	—
+ Other Financial Assets — Non-current	-0.2	0.1	-0.4	0.3	—
+ Other Current Assets	-15.3	16.4	8.9	-33.3	—
+ Other Non-current Assets	3.7	1.9	-0.9	-3.1	—
+ Trade Payables — Current	8.1	-52.6	21.4	45.6	—
+ Other Financial Liabilities — Current	-16.8	-1.9	-7.5	27.0	—
+ Other Financial Liabilities — Non-current	0.0	-0.0	0.4	-0.0	—
+ Other Current Liabilities	3.8	20.3	-8.5	-6.6	—
+ Other Non-current Liabilities	-11.2	-15.8	0.0	0.0	—
+ Provisions — Current	1.9	3.8	0.5	0.9	—
+ Provisions — Non-current	-7.7	-11.6	-1.4	12.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	443.6	537.1	509.0	621.1	675.1
+ Total Adjustments (incl. Working Capital)	-98.2	23.5	31.9	114.9	—
Cash from Operations (pre-tax)	345.5	560.5	540.9	735.9	—
+ Income Taxes Paid	93.9	116.7	119.2	80.6	—
Cash from Operating Activities	251.6	443.8	421.8	655.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	182.3	277.6	244.7	198.1	—
+ Disp of Fixed Assets	20.3	2.1	13.7	32.0	—
+ Acq of Interests in Joint Ventures	0.0	16.2	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	3.6	0.0	—
+ Dividends Received — Investing	3.6	4.4	5.8	7.2	—
+ Interest Received — Investing	2.1	3.1	6.4	11.3	—
+ Other Inflows / (Outflows) — Investing	-1.3	-2.9	-0.9	-219.1	—
Cash from Investing Activities	-157.7	-287.1	-223.2	-366.7	—
Cash from Financing Activities
+ Proceeds from Other Equity Instruments	0.0	0.0	1.1	0.0	—
+ Buyback / Redemption of Own Shares	0.0	0.0	6.5	0.0	—
+ Proceeds from Borrowings	49.9	71.0	10.8	0.0	—
+ Repayment of Borrowings	61.8	132.6	-29.0	192.3	—
+ Payment of Lease Liabilities	0.0	0.0	12.3	13.4	—
+ Interest Paid	28.2	21.6	29.8	17.9	—
+ Dividends Paid	61.0	76.2	83.8	91.4	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	-6.5	—
Cash from Financing Activities	-101.1	-159.3	-91.5	-321.5	—
Net Changes in Cash (pre-FX)	-7.2	-2.6	107.0	-32.8	—
+ Effect of FX Rate Changes on Cash	3.0	2.3	3.9	13.9	—
Net Changes in Cash	-4.2	-0.4	110.9	-18.9	—
Closing Cash	150.2	149.8	—	—	—
Reference Items
EBITDA	513.3	598.6	597.1	705.1	768.5
EBITDA Margin %	15.71	18.56	17.19	19.10	20.03
Free Cash Flow (CFO − Capex)	69.3	166.2	177.1	457.3	457.3
Free Cash Flow to Equity	—	87.8	187.1	247.4	—
Free Cash Flow per Basic Share	2.27	5.45	5.80	14.99	14.99
Price to Free Cash Flow	—	—	—	—	30.80
Cash Flow to Net Income	0.72	1.05	1.04	1.41	—
Cash Paid for Taxes	93.9	116.7	119.2	80.6	—
Cash Paid for Interest	28.2	21.6	29.8	17.9	—

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.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

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%.