V2 Retail cash flow

Latest FY26

Cash from operations: −₹103cr₹223 cr in FY25
Capital spending: ₹231cr+71.9% on FY25
Free cash flow: −₹334cr₹88.5 cr in FY25
Cash from financing: ₹319cr−₹92.7 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.
	—	182	98.6	76.7	67.1
	—	96.7	67.9	47.2	40.6
	—	−2.4	0.0	−0.9	−1.0
	—	0.0	0.0	0.0	−4.0
	—	0.0	0.0	0.1	1.7
	—	−27.7	−7.9	12.8	7.3
	—	−2.6	0.0	0.5	0.0
	—	−612	−136	−156	5.0
	—	−1.5	−0.0	0.0	0.9
	—	−8.3	−7.1	−4.5	0.0
	—	−76.8	−60.6	−14.6	−0.6
	—	142	178	89.0	−12.1
	—	−2.4	13.3	8.0	−2.7
	—	4.8	2.1	2.5	−0.2
	—	4.9	2.2	2.3	0.0
	—	0.0	0.0	0.0	0.3
Cash from operating activities
	233	215	98.2	31.4	−17.0
	—	−303	151	62.8	102
	—	−88.4	249	94.2	85.3
	—	0.0	−1.3	0.0	0.0
	—	37.7	0.0	0.0	0.0
	—	52.7	24.8	0.7	−1.1
	—	−103	223	93.4	86.4
Cash from investing activities
	—	231	134	39.2	12.0
	—	0.2	0.1	0.0	1.1
	—	10.2	5.0	2.0	0.2
	—	0.0	0.0	−0.3	0.0
	—	0.3	0.1	0.1	0.1
	—	1.9	−1.3	−1.9	0.5
	—	−219	−131	−39.3	−12.3
Cash from financing activities
	—	394	0.0	0.2	0.0
	—	129	19.9	50.8	1.6
	—	10.3	−4.9	13.7	2.5
	—	0.0	51.2	39.8	34.3
	—	96.7	66.2	47.2	40.6
	—	−96.8	0.0	0.0	0.0
	—	319	−92.7	−49.6	−75.7
	—	−3.1	−0.4	4.5	−1.6
	—	−3.1	−0.4	4.5	−1.6
	—	6.0	—	9.4	4.9
Reference items
	508	455	258	148	84.0
	14.8%	14.9%	13.7%	12.7%	10.0%
	−334	−334	88.5	54.2	73.3
	—	−293	47.1	44.1	—
	−₹9.17	−₹9.17	₹2.43	₹1.49	₹2.01
	—	−0.64×	3.10×	3.36×	−6.74×
	—	52.7	24.8	0.7	−1.1
	—	96.7	66.2	47.2	40.6

Open the chart

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

alphave

V2RETAIL₹154.71

V2 Retail Ltd.

· Consumer Services

₹ CrorePeersVMART VMM TRENT THOMASCOOK WESTLIFE WEWORK SMARTWORKS SAMHIMcap ₹5,641 Cr

View

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	67.1	76.7	98.6	182.2	—
+ Finance Costs	40.6	47.2	67.9	96.7	—
+ Interest Income	-1.0	-0.9	0.0	-2.4	—
+ Fair Value (Gains) / Losses	-4.0	0.0	0.0	0.0	—
+ Share-based Payments	1.7	0.1	0.0	0.0	—
+ Other Non-cash Items	7.3	12.8	-7.9	-27.7	—
+ Other Reconciling Items	0.0	0.5	0.0	-2.6	—
Changes in Working Capital
+ Inventories	5.0	-156.5	-135.6	-612.0	—
+ Trade Receivables — Current	0.9	0.0	-0.0	-1.5	—
+ Other Financial Assets — Current	0.0	-4.5	-7.1	-8.3	—
+ Other Current Assets	-0.6	-14.6	-60.6	-76.8	—
+ Trade Payables — Current	-12.1	89.0	178.1	142.1	—
+ Other Financial Liabilities — Current	-2.7	8.0	13.3	-2.4	—
+ Other Current Liabilities	-0.2	2.5	2.1	4.8	—
+ Provisions — Current	0.0	2.3	2.2	4.9	—
+ Provisions — Non-current	0.3	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-17.0	31.4	98.2	214.6	232.9
+ Total Adjustments (incl. Working Capital)	102.2	62.8	150.9	-303.0	—
Cash from Operations (pre-tax)	85.3	94.2	249.1	-88.4	—
+ Interest Received — Operating	0.0	0.0	-1.3	0.0	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	0.0	37.7	—
+ Income Taxes Paid	-1.1	0.7	24.8	52.7	—
Cash from Operating Activities	86.4	93.4	223.0	-103.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	12.0	39.2	134.4	230.9	—
+ Acq of Intangible Assets	1.1	0.0	0.1	0.2	—
+ Disp of Fixed Assets	0.2	2.0	5.0	10.2	—
+ Disp of Intangibles under Development	0.0	-0.3	0.0	0.0	—
+ Interest Received — Investing	0.1	0.1	0.1	0.3	—
+ Other Inflows / (Outflows) — Investing	0.5	-1.9	-1.3	1.9	—
Cash from Investing Activities	-12.3	-39.3	-130.7	-218.7	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.2	0.0	394.3	—
+ Proceeds from Borrowings	1.6	50.8	19.9	128.6	—
+ Repayment of Borrowings	2.5	13.7	-4.9	10.3	—
+ Payment of Lease Liabilities	34.3	39.8	51.2	0.0	—
+ Interest Paid	40.6	47.2	66.2	96.7	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	-96.8	—
Cash from Financing Activities	-75.7	-49.6	-92.7	319.0	—
Net Changes in Cash (pre-FX)	-1.6	4.5	-0.4	-3.1	—
Net Changes in Cash	-1.6	4.5	-0.4	-3.1	—
Closing Cash	4.9	9.4	—	6.0	—
Reference Items
EBITDA	84.0	147.8	257.8	455.5	507.7
EBITDA Margin %	10.01	12.69	13.68	14.85	14.79
Free Cash Flow (CFO − Capex)	73.3	54.2	88.5	-334.4	-334.4
Free Cash Flow to Equity	—	44.1	47.1	-292.9	—
Free Cash Flow per Basic Share	2.01	1.49	2.43	-9.17	-9.17
Cash Flow to Net Income	-6.74	3.36	3.10	-0.64	—
Cash Paid for Taxes	-1.1	0.7	24.8	52.7	—
Cash Paid for Interest	40.6	47.2	66.2	96.7	—

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.

« ‹ › »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%.