| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Dec 2025 | FY25Dec 2024 | FY24Dec 2023 | FY23Dec 2022 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 1,216 | 947 | 681 | 617 | ||
| — | 170 | 450 | 268 | 185 | ||
| — | −31.8 | −41.9 | −23.8 | −22.8 | ||
| — | 3.8 | 16.2 | 7.9 | 2.9 | ||
| — | −328 | −49.3 | 0.3 | −129 | ||
| — | −76.9 | 20.7 | 59.0 | 72.2 | ||
| — | 0.0 | 0.0 | 0.0 | −0.4 | ||
Changes in working capital | ||||||
| — | 14.8 | −479 | −160 | −557 | ||
| — | −285 | −133 | −73.0 | −123 | ||
| — | 0.0 | 465 | 0.0 | 0.0 | ||
| — | 223 | −522 | −457 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | −326 | ||
| — | 0.0 | 0.0 | 16.9 | 0.0 | ||
| — | −524 | 0.0 | 0.0 | 421 | ||
| — | 0.0 | 0.0 | 0.0 | −0.9 | ||
Cash from operating activities | ||||||
| 4,565 | 4,016 | 3,435 | 2,740 | 2,024 | ||
| — | 382 | 674 | 319 | 140 | ||
| — | 4,397 | 4,109 | 3,059 | 2,163 | ||
| — | 888 | 728 | 668 | 373 | ||
| — | 3,509 | 3,381 | 2,391 | 1,790 | ||
Cash from investing activities | ||||||
| — | 2,739 | 3,779 | 3,264 | 1,801 | ||
| — | 26.7 | 38.6 | 70.1 | 51.1 | ||
| — | 80.7 | 2.2 | 0.4 | 0.4 | ||
| — | 0.0 | 0.0 | 0.0 | 0.0 | ||
| — | 121 | 642 | 31.6 | 0.0 | ||
| — | 46.0 | 28.1 | 22.0 | 23.2 | ||
| — | −28.4 | 35.0 | −86.8 | 21.7 | ||
| — | −2,735 | −4,317 | −3,290 | −1,705 | ||
Cash from financing activities | ||||||
| — | 8.4 | 7,451 | 4.4 | 0.0 | ||
| — | 384 | 1,957 | 2,783 | 1,478 | ||
| — | 885 | 5,508 | 1,277 | 1,138 | ||
| — | 108 | 156 | 29.5 | 23.4 | ||
| — | 159 | 465 | 269 | 172 | ||
| — | 507 | 325 | 227 | 162 | ||
| — | 0.0 | 0.0 | 0.4 | 0.0 | ||
| — | −1,266 | 2,954 | 985 | −17.9 | ||
| — | −492 | 2,018 | 85.8 | 67.5 | ||
| — | 10.0 | 6.2 | 2.1 | −63.9 | ||
| — | −482 | 2,024 | 87.9 | 3.6 | ||
| — | — | 2,266 | 242 | 154 | ||
Reference items | ||||||
| 5,938 | 5,049 | 4,711 | 3,609 | 2,788 | ||
| 22.4% | 22.7% | 23.0% | 22.1% | 20.8% | ||
| 770 | 770 | −398 | −873 | −11.0 | ||
| — | 293 | −3,468 | 594 | — | ||
| ₹2.28 | ₹2.28 | −₹1.18 | −₹2.58 | −₹0.03 | ||
| 182.14× | — | — | — | — | ||
| — | 1.15× | 1.28× | 1.14× | 1.15× | ||
| — | 888 | 728 | 668 | 373 | ||
| — | 159 | 465 | 269 | 172 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/12/2022 | FY24 31/12/2023 | FY25 31/12/2024 | FY26 31/12/2025 | Last 12M 30/09/2026 | |
|---|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||||
| + Depreciation & Amortisation | 617.2 | 680.9 | 947.4 | 1,216.5 | — | |
| + Finance Costs | 185.4 | 268.1 | 450.4 | 169.6 | — | |
| + Interest Income | -22.8 | -23.8 | -41.9 | -31.8 | — | |
| + Share-based Payments | 2.9 | 7.9 | 16.2 | 3.8 | — | |
| + Unrealised FX (Gain) / Loss | -128.8 | 0.3 | -49.3 | -328.3 | — | |
| + Other Non-cash Items | 72.2 | 59.0 | 20.7 | -76.9 | — | |
| + Other — Cash Effects are Investing / Financing | -0.4 | 0.0 | 0.0 | 0.0 | — | |
| Changes in Working Capital | ||||||
| + Inventories | -556.8 | -160.2 | -478.8 | 14.8 | — | |
| + Trade Receivables — Current | -123.4 | -73.0 | -133.2 | -285.1 | — | |
| + Other Financial Assets — Current | 0.0 | 0.0 | 465.0 | 0.0 | — | |
| + Other Current Assets | 0.0 | -457.2 | -522.4 | 223.1 | — | |
| + Other Non-current Assets | -325.7 | 0.0 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | 0.0 | 16.9 | 0.0 | 0.0 | — | |
| + Other Non-current Liabilities | 420.7 | 0.0 | 0.0 | -523.8 | — | |
| + Provisions — Current | -0.9 | 0.0 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 2,023.6 | 2,739.8 | 3,434.6 | 4,015.7 | 4,565.0 | |
| + Total Adjustments (incl. Working Capital) | 139.7 | 318.9 | 674.1 | 381.8 | — | |
| Cash from Operations (pre-tax) | 2,163.4 | 3,058.7 | 4,108.7 | 4,397.5 | — | |
| + Income Taxes Paid | 373.3 | 667.9 | 727.6 | 888.2 | — | |
| Cash from Operating Activities | 1,790.0 | 2,390.8 | 3,381.1 | 3,509.3 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 1,801.0 | 3,264.0 | 3,779.0 | 2,739.1 | — | |
| + Disp of Fixed Assets | 51.1 | 70.1 | 38.6 | 26.7 | — | |
| + Sale of Investments (Equity / Debt) | 0.4 | 0.4 | 2.2 | 80.7 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 31.6 | 641.8 | 120.8 | — | |
| + Interest Received — Investing | 23.2 | 22.0 | 28.1 | 46.0 | — | |
| + Other Inflows / (Outflows) — Investing | 21.7 | -86.8 | 35.0 | -28.4 | — | |
| Cash from Investing Activities | -1,704.6 | -3,289.9 | -4,316.8 | -2,734.9 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Exercise of Stock Options | 0.0 | 4.4 | 7,450.8 | 8.4 | — | |
| + Proceeds from Borrowings | 1,477.7 | 2,782.9 | 1,956.8 | 383.9 | — | |
| + Repayment of Borrowings | 1,138.2 | 1,276.5 | 5,508.4 | 884.7 | — | |
| + Payment of Lease Liabilities | 23.4 | 29.5 | 155.9 | 108.2 | — | |
| + Interest Paid | 171.7 | 269.4 | 465.0 | 158.7 | — | |
| + Dividends Paid | 162.4 | 227.3 | 324.8 | 507.3 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.4 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | -17.9 | 984.9 | 2,953.5 | -1,266.5 | — | |
| Net Changes in Cash (pre-FX) | 67.5 | 85.8 | 2,017.9 | -492.1 | — | |
| + Effect of FX Rate Changes on Cash | -63.9 | 2.1 | 6.2 | 10.0 | — | |
| Net Changes in Cash | 3.6 | 87.9 | 2,024.1 | -482.1 | — | |
| Closing Cash | 154.3 | 242.2 | 2,266.3 | — | — | |
| Reference Items | ||||||
| EBITDA | 2,788.1 | 3,609.5 | 4,711.1 | 5,049.4 | 5,937.9 | |
| EBITDA Margin % | 20.82 | 22.12 | 23.00 | 22.72 | 22.39 | |
| Free Cash Flow (CFO − Capex) | -11.0 | -873.3 | -397.9 | 770.2 | 770.2 | |
| Free Cash Flow to Equity | — | 593.8 | -3,467.9 | 293.5 | — | |
| Free Cash Flow per Basic Share | -0.03 | -2.58 | -1.18 | 2.28 | 2.28 | |
| Price to Free Cash Flow | — | — | — | — | 182.14 | |
| Cash Flow to Net Income | 1.15 | 1.14 | 1.28 | 1.15 | — | |
| Cash Paid for Taxes | 373.3 | 667.9 | 727.6 | 888.2 | — | |
| Cash Paid for Interest | 171.7 | 269.4 | 465.0 | 158.7 | — | |