Welspun Corp cash flow

Latest FY26

Cash from operations: ₹3,204cr+113.1% on FY25
Capital spending: ₹2,532cr+197.0% on FY25
Free cash flow: ₹672cr+3.2% on FY25
Cash from financing: ₹875cr−₹1,369 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.
	—	355	351	348	303
	—	212	320	209	176
	—	−69.5	−67.9	−75.2	−92.1
	—	0.0	0.0	0.0	−0.6
	—	0.0	−5.0	−11.8	−36.1
	—	4.2	10.7	10.6	5.6
	—	78.1	−22.3	1.7	13.8
	—	23.7	0.0	12.2	−173
	—	−18.6	0.0	0.0	0.0
	—	114	−488	−7.4	75.2
	—	−444	−1,906	3,371	−4,594
	—	59.2	−0.5	−699	−288
	—	−18.6	9.2	143	34.4
	—	−1.5	−13.6	−3.8	67.7
	—	−243	−204	124	−342
	—	−16.4	−50.2	−4.9	150
	—	49.7	1,023	−321	1,475
	—	36.2	−29.8	−74.2	122
	—	0.0	−6.2	−0.2	−11.0
	—	1,625	1,253	−2,664	2,786
	—	−46.8	17.6	−12.9	0.0
	—	0.0	0.0	0.0	5.0
Cash from operating activities
	2,100	1,804	1,653	1,152	258
	—	1,698	191	344	−324
	—	3,502	1,844	1,496	−65.7
	—	297	341	190	119
	—	3,204	1,504	1,306	−185
Cash from investing activities
	—	2,532	853	299	1,194
	—	43.2	39.1	15.1	144
	—	13,021	16,885	15,667	25,497
	—	11,736	16,898	16,213	26,454
	—	0.0	486	0.0	0.0
	—	0.0	30.7	0.0	436
	—	−13.5	12.3	0.0	0.0
	—	0.2	0.4	−0.1	3.7
	—	93.9	64.4	26.9	0.6
	—	48.4	71.3	79.2	108
	—	−105	402	0.0	0.0
	—	−3,723	180	367	−417
Cash from financing activities
	—	0.0	15.6	1.4	5.8
	—	5.7	0.0	0.0	0.0
	—	0.0	153	0.0	0.0
	—	6,601	1,972	750	3,000
	—	5,363	3,021	2,160	1,694
	—	33.1	54.3	6.3	95.5
	—	201	304	181	178
	—	132	131	131	130
	—	−3.5	0.0	−150	0.0
	—	875	−1,369	−1,877	909
	—	357	315	−203	307
	—	8.9	13.6	5.8	26.6
	—	365	328	−198	334
	—	1,513	1,147	819	1,016
Reference items
	2,539	2,236	1,668	1,561	485
	14.4%	13.3%	11.9%	9.0%	5.0%
	672	672	651	1,007	−1,379
	—	1,710	−637	−582	—
	₹25.48	₹25.48	₹24.68	₹38.17	−₹52.29
	98.09×	—	—	—	—
	—	1.98×	0.79×	1.15×	−0.93×
	—	297	341	190	119
	—	201	304	181	178

Open the chart

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

alphave

WELCORP₹2,499.10

Welspun Corp Ltd.

· Capital Goods & Defence

₹ CrorePeersJINDALSAW RATNAMANI INOXWIND KAYNES BEML DATAPATTNS GPIL GRSEMcap ₹65,926 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	303.0	347.9	351.1	354.6	—
+ Finance Costs	176.1	208.7	319.7	212.2	—
+ Interest Income	-92.1	-75.2	-67.9	-69.5	—
+ Dividend Income	-0.6	0.0	0.0	0.0	—
+ Fair Value (Gains) / Losses	-36.1	-11.8	-5.0	0.0	—
+ Share-based Payments	5.6	10.6	10.7	4.2	—
+ Unrealised FX (Gain) / Loss	13.8	1.7	-22.3	78.1	—
+ Other Non-cash Items	-173.5	12.2	0.0	23.7	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-18.6	—
+ Other Reconciling Items	75.2	-7.4	-487.6	113.7	—
Changes in Working Capital
+ Inventories	-4,594.4	3,370.6	-1,905.7	-444.1	—
+ Trade Receivables — Current	-287.9	-698.8	-0.5	59.2	—
+ Other Financial Assets — Current	34.4	143.1	9.2	-18.6	—
+ Other Financial Assets — Non-current	67.7	-3.8	-13.6	-1.5	—
+ Other Current Assets	-341.6	123.7	-203.7	-243.3	—
+ Other Non-current Assets	149.7	-4.9	-50.2	-16.4	—
+ Trade Payables — Current	1,475.1	-321.3	1,022.9	49.7	—
+ Other Financial Liabilities — Current	122.0	-74.2	-29.8	36.2	—
+ Other Financial Liabilities — Non-current	-11.0	-0.2	-6.2	0.0	—
+ Other Current Liabilities	2,785.6	-2,663.8	1,252.6	1,625.1	—
+ Provisions — Current	0.0	-12.9	17.6	-46.8	—
+ Provisions — Non-current	5.0	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	258.4	1,151.6	1,652.9	1,804.2	2,099.6
+ Total Adjustments (incl. Working Capital)	-324.1	344.0	191.3	1,697.6	—
Cash from Operations (pre-tax)	-65.7	1,495.7	1,844.2	3,501.7	—
+ Income Taxes Paid	119.5	189.7	340.5	297.5	—
Cash from Operating Activities	-185.1	1,306.0	1,503.7	3,204.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,194.2	299.0	852.7	2,532.2	—
+ Disp of Fixed Assets	144.0	15.1	39.1	43.2	—
+ Acq of Other Long-term Assets	25,496.6	15,667.5	16,885.3	13,021.4	—
+ Disp of Other Long-term Assets	26,453.8	16,212.7	16,898.4	11,736.4	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	485.9	0.0	—
+ Acq of Subsidiaries / Businesses (net)	436.4	0.0	30.7	0.0	—
+ Loans & Advances Made	0.0	0.0	12.3	-13.5	—
+ Loans & Advances Repaid	3.7	-0.1	0.4	0.2	—
+ Dividends Received — Investing	0.6	26.9	64.4	93.9	—
+ Interest Received — Investing	108.5	79.2	71.3	48.4	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	401.7	-104.7	—
Cash from Investing Activities	-416.7	367.4	180.2	-3,722.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	5.8	1.4	15.6	0.0	—
+ Proceeds from Exercise of Stock Options	0.0	0.0	0.0	5.7	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	152.9	0.0	—
+ Proceeds from Borrowings	3,000.0	750.4	1,972.1	6,601.4	—
+ Repayment of Borrowings	1,693.7	2,160.2	3,020.8	5,362.9	—
+ Payment of Lease Liabilities	95.5	6.3	54.3	33.1	—
+ Interest Paid	177.7	181.0	303.5	200.6	—
+ Dividends Paid	130.2	130.7	130.9	131.9	—
+ Other Inflows / (Outflows) — Financing	0.0	-150.3	0.0	-3.5	—
Cash from Financing Activities	908.8	-1,876.8	-1,369.1	875.1	—
Net Changes in Cash (pre-FX)	307.0	-203.4	314.8	356.6	—
+ Effect of FX Rate Changes on Cash	26.6	5.8	13.6	8.9	—
Net Changes in Cash	333.5	-197.6	328.4	365.5	—
Closing Cash	1,016.3	818.7	1,147.1	1,512.6	—
Reference Items
EBITDA	484.6	1,561.4	1,668.2	2,235.6	2,538.6
EBITDA Margin %	4.97	9.00	11.93	13.33	14.45
Free Cash Flow (CFO − Capex)	-1,379.3	1,007.0	651.0	672.1	672.1
Free Cash Flow to Equity	—	-582.3	-636.7	1,710.3	—
Free Cash Flow per Basic Share	-52.29	38.17	24.68	25.48	25.48
Price to Free Cash Flow	—	—	—	—	98.09
Cash Flow to Net Income	-0.93	1.15	0.79	1.98	—
Cash Paid for Taxes	119.5	189.7	340.5	297.5	—
Cash Paid for Interest	177.7	181.0	303.5	200.6	—

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%.