Valor Estate cash flow

Latest FY26

Cash from operations: ₹939cr+73.7% on FY25
Capital spending: ₹14.0cr−70.7% on FY25
Free cash flow: ₹925cr+87.7% on FY25
Cash from financing: −₹580cr−₹595 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.
	—	5.7	53.0	26.1	0.4
	—	313	0.0	−303	63.2
	—	0.0	92.9	83.3	0.0
	—	0.0	−40.4	0.0	0.0
	—	−46.3	0.0	−3.0	0.0
	—	1.1	0.9	0.5	−4.7
	—	0.0	0.3	0.8	0.2
	—	−3.1	8.3	−22.6	0.4
	—	0.0	0.0	−974	−3.3
	—	0.0	0.0	−39.6	−504
	—	614	678	−76.7	888
	—	−42.5	−175	7.8	155
	—	0.0	0.0	0.0	0.1
	—	−292	9.0	−87.3	−23.0
	—	−24.3	67.0	18.5	14.8
	—	53.6	102	73.6	−8.3
	—	−13.8	−14.1	11.0	−27.7
	—	−28.1	62.5	29.0	−6.9
	—	198	−100	−70.4	−136
	—	−9.8	0.0	−2.2	−43.3
	—	−5.1	−28.9	186	−106
	—	97.4	6.4	2.5	−2.6
Cash from operating activities
	61.0	97.6	−195	1,378	−88.7
	—	818	722	−1,139	255
	—	916	527	239	167
	—	−20.4	0.0	0.0	−17.4
	—	−99.2	0.0	0.0	54.4
	—	−38.8	0.0	0.0	0.0
	—	16.8	−13.7	2.2	−1.4
	—	939	540	237	96.3
Cash from investing activities
	—	14.0	47.7	52.2	0.0
	—	0.0	0.0	0.0	−0.9
	—	0.0	0.0	2,761	119
	—	0.0	0.0	3,100	0.0
	—	0.0	436	0.0	0.0
	—	25.6	0.0	0.0	0.0
	—	655	219	−197	79.2
	—	6.2	13.0	3.7	1.1
	—	301	0.0	−3.5	−1.4
	—	−336	−689	484	−200
Cash from financing activities
	—	0.0	3.4	1,677	356
	—	3.1	0.0	0.0	0.0
	—	15.1	0.0	0.0	0.0
	—	215	−128	0.0	0.0
	—	704	0.0	1,325	206
	—	78.9	470	311	98.4
	—	0.0	0.0	−22.8	0.0
	—	−580	−595	18.0	51.7
	—	22.2	−743	739	−51.5
	—	22.2	−743	739	−51.5
	—	—	—	781	39.6
Reference items
	114	69.7	−97.0	156	−718
	13.2%	4.4%	−8.6%	43.6%	−102.8%
	925	925	493	184	96.3
	—	−305	−105	−768	—
	₹17.05	₹17.05	₹9.08	₹3.40	₹1.78
	4.78×	—	—	—	—
	—	34.75×	−4.58×	0.18×	−1.07×
	—	16.8	−13.7	2.2	−1.4
	—	78.9	470	311	98.4

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

alphave

DBREALTY₹81.54

Valor Estate Ltd.

· Real Estate

₹ CrorePeersEMBDL LOTUSDEV PURVA SUNTECK TARC SOBHA SIGNATURE BRIGADEMcap ₹4,423 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	0.4	26.1	53.0	5.7	—
+ Impairment Loss / (Reversal)	63.2	-302.7	0.0	313.0	—
+ Finance Costs	0.0	83.3	92.9	0.0	—
+ Interest Income	0.0	0.0	-40.4	0.0	—
+ Fair Value (Gains) / Losses	0.0	-3.0	0.0	-46.3	—
+ Share-based Payments	-4.7	0.5	0.9	1.1	—
+ Unrealised FX (Gain) / Loss	0.2	0.8	0.3	0.0	—
+ Other Non-cash Items	0.4	-22.6	8.3	-3.1	—
+ Other — Cash Effects are Investing / Financing	-3.3	-973.9	0.0	0.0	—
+ Other Reconciling Items	-503.8	-39.6	0.0	0.0	—
Changes in Working Capital
+ Inventories	887.5	-76.7	677.8	614.2	—
+ Trade Receivables — Current	154.8	7.8	-175.0	-42.5	—
+ Trade Receivables — Non-current	0.1	0.0	0.0	0.0	—
+ Other Financial Assets — Current	-23.0	-87.3	9.0	-292.4	—
+ Other Financial Assets — Non-current	14.8	18.5	67.0	-24.3	—
+ Other Current Assets	-8.3	73.6	101.9	53.6	—
+ Other Non-current Assets	-27.7	11.0	-14.1	-13.8	—
+ Trade Payables — Current	-6.9	29.0	62.5	-28.1	—
+ Other Financial Liabilities — Current	-136.3	-70.4	-100.0	198.3	—
+ Other Financial Liabilities — Non-current	-43.3	-2.2	0.0	-9.8	—
+ Other Current Liabilities	-106.1	186.5	-28.9	-5.1	—
+ Provisions — Current	-2.6	2.5	6.4	97.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-88.7	1,377.8	-194.8	97.6	61.0
+ Total Adjustments (incl. Working Capital)	255.4	-1,139.0	721.5	818.0	—
Cash from Operations (pre-tax)	166.7	238.9	526.8	915.6	—
+ Interest Received — Operating	-17.4	0.0	0.0	-20.4	—
+ Interest Paid — Operating	54.4	0.0	0.0	-99.2	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	0.0	-38.8	—
+ Income Taxes Paid	-1.4	2.2	-13.7	16.8	—
Cash from Operating Activities	96.3	236.7	540.5	938.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	0.0	52.2	47.7	14.0	—
+ Disp of Fixed Assets	-0.9	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	119.2	2,761.3	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	3,099.7	0.0	0.0	—
+ Investment in Partnership Firms / LLPs	0.0	0.0	435.7	0.0	—
+ Share of Profits — Partnership Firms / LLPs	0.0	0.0	0.0	25.6	—
+ Loans & Advances Made	79.2	-197.4	218.9	655.1	—
+ Interest Received — Investing	1.1	3.7	13.0	6.2	—
+ Other Inflows / (Outflows) — Investing	-1.4	-3.5	0.0	301.1	—
Cash from Investing Activities	-199.6	483.8	-689.2	-336.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	356.0	1,677.1	3.4	0.0	—
+ Proceeds from Other Equity Instruments	0.0	0.0	0.0	3.1	—
+ Payments — Change in Ownership of Subsidiaries	0.0	0.0	0.0	15.1	—
+ Proceeds from Borrowings	0.0	0.0	-127.8	214.5	—
+ Repayment of Borrowings	205.8	1,325.0	0.0	703.9	—
+ Interest Paid	98.4	311.3	470.2	78.9	—
+ Other Inflows / (Outflows) — Financing	0.0	-22.8	0.0	0.0	—
Cash from Financing Activities	51.7	18.0	-594.6	-580.4	—
Net Changes in Cash (pre-FX)	-51.5	738.6	-743.4	22.2	—
Net Changes in Cash	-51.5	738.6	-743.4	22.2	—
Closing Cash	39.6	780.6	—	—	—
Reference Items
EBITDA	-717.9	155.9	-97.0	69.7	113.8
EBITDA Margin %	-102.82	43.62	-8.56	4.37	13.18
Free Cash Flow (CFO − Capex)	96.3	184.5	492.7	924.8	924.8
Free Cash Flow to Equity	—	-768.1	-105.3	-304.5	—
Free Cash Flow per Basic Share	1.78	3.40	9.08	17.05	17.05
Price to Free Cash Flow	—	—	—	—	4.78
Cash Flow to Net Income	-1.07	0.18	-4.58	34.75	—
Cash Paid for Taxes	-1.4	2.2	-13.7	16.8	—
Cash Paid for Interest	98.4	311.3	470.2	78.9	—

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.

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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%.