S.A.L. Steel Limited (NSE:SALSTEEL)

S.A.L. Steel Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	191.1	-3.51	-64.24	4.7	35.46	115.43
Depreciation & Amortization	111.73	108.63	105.71	96.23	95.37	91.64
Loss (Gain) From Sale of Assets	0.62	0.02	-0.05	-	-	-0.05
Other Operating Activities	291.48	205.38	155.49	125.89	74.42	3.23
Change in Accounts Receivable	400.04	665.24	-15.14	-122.66	159.2	122.45
Change in Inventory	-2,226	-1,335	-504.47	91.69	-100.03	-165.02
Change in Accounts Payable	416.35	44.05	-198.16	66.44	-180.86	55.85
Change in Other Net Operating Assets	-680.69	-528.69	310.19	-	-	-
Operating Cash Flow	-1,495	-843.12	-210.73	262.28	83.56	223.54
Operating Cash Flow Growth	-	-	-	213.90%	-62.62%	-4.88%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-2,353	-1,748	-186.2	-136.36	-21.84	-1.14
Sale of Property, Plant & Equipment	1	0.2	0.18	-	-	0.4
Other Investing Activities	0.77	0.57	3.97	1.76	0.64	1.54
Investing Cash Flow	-2,352	-1,748	-182.05	-134.59	-21.21	0.8

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	57.61	525.28	-	-	-
Long-Term Debt Issued	-	1,659	-	-	8.46	-
Total Debt Issued	3,046	1,717	525.28	-	8.46	-
Long-Term Debt Repaid	-	-	-	-	-	-219.31
Total Debt Repaid	-	-	-	-	-	-219.31
Net Debt Issued (Repaid)	3,046	1,717	525.28	-	8.46	-219.31
Issuance of Common Stock	1,080	1,080	30	-	-	-
Other Financing Activities	-221.78	-203.08	-166.69	-127.42	-78.18	-1.88
Financing Cash Flow	3,905	2,594	388.59	-127.42	-69.72	-221.18

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	-0.1	-0	-	0	0	-
Net Cash Flow	57.91	3.01	-4.2	0.28	-7.37	3.15

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-3,848	-2,591	-396.93	125.93	61.71	222.4
Free Cash Flow Growth	-	-	-	104.06%	-72.25%	-1.63%
Free Cash Flow Margin	-156.75%	-124.89%	-7.29%	2.18%	1.24%	4.40%
Free Cash Flow Per Share	-29.89	-26.28	-4.67	1.48	0.73	2.62
Levered Free Cash Flow	-4,613	-3,057	-615.82	44.02	47.15	41.97
Unlevered Free Cash Flow	-4,476	-2,932	-514.8	123.58	96.01	43.14

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	102.38	203.08	166.69	127.42	78.18	1.88
Cash Income Tax Paid	-	-	-	1.49	22.88	44.05
Change in Working Capital	-2,090	-1,154	-407.57	35.47	-121.69	13.28

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 12, 2026

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