VST Industries cash flow

Latest FY26

Cash from operations: ₹218cr+12.8% on FY25
Capital spending: ₹42.4cr+3.4% on FY25
Free cash flow: ₹176cr+15.4% on FY25
Cash from financing: −₹170cr−₹221 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.
	—	101	44.5	38.1	30.2
	—	−0.3	−102	−33.6	−0.1
	—	0.0	0.0	−13.0	−17.4
	—	0.0	0.0	−0.1	−0.1
	—	−1.7	1.6	−27.8	−39.1
	—	−0.1	5.0	1.8	1.4
	—	0.0	0.0	−0.4	0.0
	—	−0.4	0.0	0.0	0.0
	—	0.0	−19.1	−2.7	0.0
	—	−24.2	0.0	0.0	0.0
	—	−190	−29.6	−106	−53.7
	—	19.5	−18.9	−3.1	−9.9
	—	−22.1	0.0	0.0	0.0
	—	0.0	0.0	−11.9	0.0
	—	0.0	14.8	0.0	−14.4
	—	−3.4	8.8	21.5	−6.6
	—	0.0	19.5	0.0	0.0
	—	0.0	0.0	0.0	−26.5
	—	0.0	0.0	−0.2	−17.5
Cash from operating activities
	347	390	370	395	429
	—	−122	−75.8	−137	−154
	—	268	294	258	275
	—	−9.4	−13.0	0.0	0.0
	—	−0.1	−0.1	0.0	0.0
	—	82.6	0.0	0.0	0.0
	—	123	87.3	90.9	93.9
	—	218	193	167	181
Cash from investing activities
	—	42.4	41.0	94.3	404
	—	0.6	102	2.7	0.1
	—	0.0	0.0	2,903	0.0
	—	3,349	2,903	2,747	2,973
	—	3,147	2,836	0.0	3,404
	—	200	0.0	0.0	0.0
	—	0.1	0.1	0.1	0.1
	—	12.1	14.6	14.5	19.0
	—	0.0	0.0	0.0	0.4
	—	−31.4	9.8	79.3	46.7
Cash from financing activities
	—	0.0	−231	0.0	0.0
	—	0.0	0.0	0.0	8.2
	—	170	0.0	231	215
	—	0.0	9.5	0.0	0.0
	—	−170	−221	−231	−224
	—	17.4	−18.1	15.6	4.6
	—	17.4	−18.1	15.6	4.6
	—	—	—	24.4	8.8
Reference items
	387	450	279	353	383
	13.4%	22.0%	15.4%	19.2%	22.9%
	176	176	152	72.7	−222
	₹10.35	₹10.35	₹8.97	₹4.28	−₹13.09
	18.29×	—	—	—	—
	—	0.75×	0.67×	0.55×	0.55×
	—	123	87.3	90.9	93.9

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

alphave

VSTIND₹189.41

VST Industries Limited

· FMCG & Retail

₹ CrorePeersELITECONMcap ₹3,217 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 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	30.2	38.1	44.5	101.2	—
+ Impairment Loss / (Reversal)	-0.1	-33.6	-102.3	-0.3	—
+ Interest Income	-17.4	-13.0	0.0	0.0	—
+ Dividend Income	-0.1	-0.1	0.0	0.0	—
+ Fair Value (Gains) / Losses	-39.1	-27.8	1.6	-1.7	—
+ Share-based Payments	1.4	1.8	5.0	-0.1	—
+ Unrealised FX (Gain) / Loss	0.0	-0.4	0.0	0.0	—
+ Other Non-cash Items	0.0	0.0	0.0	-0.4	—
+ Other — Cash Effects are Investing / Financing	0.0	-2.7	-19.1	0.0	—
+ Other Reconciling Items	0.0	0.0	0.0	-24.2	—
Changes in Working Capital
+ Inventories	-53.7	-105.7	-29.6	-190.4	—
+ Trade Receivables — Current	-9.9	-3.1	-18.9	19.5	—
+ Trade Receivables — Non-current	0.0	0.0	0.0	-22.1	—
+ Other Financial Assets — Current	0.0	-11.9	0.0	0.0	—
+ Other Current Assets	-14.4	0.0	14.8	0.0	—
+ Trade Payables — Current	-6.6	21.5	8.8	-3.4	—
+ Other Financial Liabilities — Current	0.0	0.0	19.5	0.0	—
+ Other Current Liabilities	-26.5	0.0	0.0	0.0	—
+ Provisions — Current	-17.5	-0.2	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	428.9	394.7	369.6	390.0	347.2
+ Total Adjustments (incl. Working Capital)	-153.5	-136.8	-75.8	-121.9	—
Cash from Operations (pre-tax)	275.4	257.9	293.9	268.2	—
+ Interest Received — Operating	0.0	0.0	-13.0	-9.4	—
+ Dividends Received — Operating	0.0	0.0	-0.1	-0.1	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	0.0	82.6	—
+ Income Taxes Paid	93.9	90.9	87.3	123.0	—
Cash from Operating Activities	181.5	167.0	193.5	218.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	403.9	94.3	41.0	42.4	—
+ Disp of Fixed Assets	0.1	2.7	102.5	0.6	—
+ Disp of Intangible Assets	0.0	2,903.0	0.0	0.0	—
+ Acq of Investment Property	2,973.1	2,746.5	2,902.8	3,348.6	—
+ Disp of Investment Property	3,404.2	0.0	2,836.5	3,146.7	—
+ Disp of Other Long-term Assets	0.0	0.0	0.0	200.2	—
+ Dividends Received — Investing	0.1	0.1	0.1	0.1	—
+ Interest Received — Investing	19.0	14.5	14.6	12.1	—
+ Other Inflows / (Outflows) — Investing	0.4	0.0	0.0	0.0	—
Cash from Investing Activities	46.7	79.3	9.8	-31.4	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	0.0	0.0	-230.8	0.0	—
+ Payments for Other Equity Instruments	8.2	0.0	0.0	0.0	—
+ Dividends Paid	215.4	230.8	0.0	169.5	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	9.5	0.0	—
Cash from Financing Activities	-223.6	-230.8	-221.3	-169.5	—
Net Changes in Cash (pre-FX)	4.6	15.6	-18.1	17.4	—
Net Changes in Cash	4.6	15.6	-18.1	17.4	—
Closing Cash	8.8	24.4	—	—	—
Reference Items
EBITDA	382.7	353.2	278.8	449.9	387.3
EBITDA Margin %	22.88	19.22	15.41	21.99	13.41
Free Cash Flow (CFO − Capex)	-222.4	72.7	152.4	175.9	175.9
Free Cash Flow per Basic Share	-13.09	4.28	8.97	10.35	10.35
Price to Free Cash Flow	—	—	—	—	18.29
Cash Flow to Net Income	0.55	0.55	0.67	0.75	—
Cash Paid for Taxes	93.9	90.9	87.3	123.0	—

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%.