Zuari Agro Chemicals cash flow

Latest FY26

Cash from operations: ₹203cr−60.3% on FY25
Capital spending: ₹160cr+52.2% on FY25
Free cash flow: ₹43.6cr−89.3% on FY25
Cash from financing: −₹335cr−₹494 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.
	—	58.7	102	94.8	78.5
	—	2.8	0.0	0.0	0.0
	—	0.0	0.0	0.0	173
	—	0.0	0.0	0.0	−20.6
	—	0.0	0.0	0.0	−0.1
	—	0.3	1.6	0.0	0.0
	—	0.0	0.0	0.0	−0.9
	—	−3.6	−15.1	208	−556
	—	−817	0.0	0.0	−1.7
	—	4.4	0.0	0.0	−15.2
	—	−102	−130	82.6	105
	—	245	37.1	170	−149
	—	2.8	0.0	5.9	0.0
	—	−45.3	−33.7	0.0	0.0
	—	0.0	0.0	0.0	−57.4
	—	−161	331	−46.4	−52.2
	—	0.0	0.0	1.4	0.0
	—	−8.6	−9.9	0.0	5.6
Cash from operating activities
	930	981	153	228	585
	—	−824	283	517	−491
	—	158	436	744	94.8
	—	−5.9	−17.4	28.6	0.0
	—	−99.3	−156	193	0.0
	—	−0.2	−0.1	0.1	0.0
	—	47.7	62.4	106	0.0
	—	203	511	473	94.8
Cash from investing activities
	—	160	105	144	317
	—	59.2	26.1	124	71.4
	—	0.0	0.0	6.4	0.0
	—	0.0	0.0	0.0	9.5
	—	254	0.0	0.0	0.0
	—	177	0.0	0.0	0.0
	—	399	0.0	0.0	537
	—	0.2	0.1	0.1	0.1
	—	3.5	16.3	29.1	20.3
	—	59.2	−59.1	−13.1	104
	—	−69.2	−122	2.8	426
Cash from financing activities
	—	457	622	690	453
	—	673	940	996	953
	—	21.5	17.4	0.0	5.7
	—	89.8	151	213	184
	—	8.2	8.2	8.2	7.7
	—	−335	−494	−527	−697
	—	−201	−104	−51.4	−176
	—	−201	−104	−51.4	−176
	—	—	—	338	389
Reference items
	228	309	368	356	331
	8.9%	9.7%	8.3%	7.8%	7.3%
	43.6	43.6	407	329	−222
	—	−122	−810	−208	—
	₹10.37	₹10.37	₹96.66	₹78.29	−₹52.76
	18.72×	—	—	—	—
	—	0.21×	2.21×	2.77×	0.18×
	—	47.7	62.4	106	0.0
	—	89.8	151	213	184

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

alphave

ZUARI₹194.16

Zuari Agro Chemicals Limited

· Chemicals

₹ CrorePeersMADRASFERT SPIC ARIES KHAICHEM RAMAPHOMcap ₹817 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	78.5	94.8	101.5	58.7	—
+ Impairment Loss / (Reversal)	0.0	0.0	0.0	2.8	—
+ Finance Costs	172.6	0.0	0.0	0.0	—
+ Interest Income	-20.6	0.0	0.0	0.0	—
+ Dividend Income	-0.1	0.0	0.0	0.0	—
+ Fair Value (Gains) / Losses	0.0	0.0	1.6	0.3	—
+ Unrealised FX (Gain) / Loss	-0.9	0.0	0.0	0.0	—
+ Other Non-cash Items	-555.8	208.5	-15.1	-3.6	—
+ Other — Cash Effects are Investing / Financing	-1.7	0.0	0.0	-817.4	—
+ Other Reconciling Items	-15.2	0.0	0.0	4.4	—
Changes in Working Capital
+ Inventories	105.2	82.6	-129.7	-101.5	—
+ Trade Receivables — Current	-148.8	169.8	37.1	244.7	—
+ Other Financial Assets — Current	0.0	5.9	0.0	2.8	—
+ Other Current Assets	0.0	0.0	-33.7	-45.3	—
+ Other Non-current Assets	-57.4	0.0	0.0	0.0	—
+ Trade Payables — Current	-52.2	-46.4	331.2	-160.9	—
+ Other Current Liabilities	0.0	1.4	0.0	0.0	—
+ Provisions — Current	5.6	0.0	-9.9	-8.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	585.4	227.5	152.8	981.4	930.5
+ Total Adjustments (incl. Working Capital)	-490.6	516.6	283.1	-823.6	—
Cash from Operations (pre-tax)	94.8	744.1	435.9	157.8	—
+ Interest Received — Operating	0.0	28.6	-17.4	-5.9	—
+ Interest Paid — Operating	0.0	193.4	-155.5	-99.3	—
+ Dividends Received — Operating	0.0	0.1	-0.1	-0.2	—
+ Income Taxes Paid	0.0	106.3	62.4	47.7	—
Cash from Operating Activities	94.8	473.1	511.5	203.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	316.7	143.8	104.9	159.7	—
+ Disp of Fixed Assets	71.4	124.2	26.1	59.2	—
+ Disp of Investment Property	0.0	6.4	0.0	0.0	—
+ Disp of Other Long-term Assets	9.5	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.0	253.6	—
+ Acq of Interests in Joint Ventures	0.0	0.0	0.0	177.4	—
+ Disp of Subsidiaries / Businesses (net)	537.0	0.0	0.0	399.3	—
+ Dividends Received — Investing	0.1	0.1	0.1	0.2	—
+ Interest Received — Investing	20.3	29.1	16.3	3.5	—
+ Other Inflows / (Outflows) — Investing	104.3	-13.1	-59.1	59.2	—
Cash from Investing Activities	425.9	2.8	-121.5	-69.2	—
Cash from Financing Activities
+ Proceeds from Borrowings	452.9	689.8	622.2	457.0	—
+ Repayment of Borrowings	953.1	996.2	939.6	672.7	—
+ Payment of Lease Liabilities	5.7	0.0	17.4	21.5	—
+ Interest Paid	183.6	212.7	150.9	89.8	—
+ Dividends Paid	7.7	8.2	8.2	8.2	—
Cash from Financing Activities	-697.1	-527.3	-493.8	-335.2	—
Net Changes in Cash (pre-FX)	-176.3	-51.4	-103.8	-201.2	—
Net Changes in Cash	-176.3	-51.4	-103.8	-201.2	—
Closing Cash	389.2	337.8	—	—	—
Reference Items
EBITDA	331.3	356.2	368.3	309.4	227.8
EBITDA Margin %	7.28	7.75	8.30	9.67	8.87
Free Cash Flow (CFO − Capex)	-221.9	329.3	406.6	43.6	43.6
Free Cash Flow to Equity	—	-208.0	-810.1	-121.9	—
Free Cash Flow per Basic Share	-52.76	78.29	96.66	10.37	10.37
Price to Free Cash Flow	—	—	—	—	18.72
Cash Flow to Net Income	0.18	2.77	2.21	0.21	—
Cash Paid for Taxes	0.0	106.3	62.4	47.7	—
Cash Paid for Interest	183.6	212.7	150.9	89.8	—

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%.