Anmol India Limited cash flow reaches Rs 105.18 crore

Anmol India generated Rs 105.18 crore of net operating cash flow in the half year ended 30 September 2026, compared with Rs 20.90 crore a year earlier. The company used the higher inflow for Rs 73.29 crore of investment purchases and Rs 28.70 crore of working-capital borrowing repayment, while cash rose by Rs 75 lakh.

How did Anmol India generate Rs 105.18 crore of operating cash flow?

Anmol India generated Rs 105.18 crore from operating activities in the half year ended 30 September 2026, an increase of Rs 84.28 crore from Rs 20.90 crore in the corresponding half year ended 30 September 2025. Cash generated from operations before direct taxes was Rs 108.30 crore, versus Rs 22.87 crore a year earlier, while direct taxes paid were Rs 3.12 crore, compared with Rs 1.97 crore.

Operating profit before working-capital changes was Rs 14.57 crore, up from Rs 11.21 crore in the prior-year half. This measure included Rs 12.39 crore of profit before tax, Rs 6.63 crore of financial costs and Rs 26 lakh of depreciation, offset by Rs 4.71 crore of interest income. Profit before tax rose from Rs 7.82 crore in the half year ended 30 September 2025.

Working-capital movements accounted for most of the higher operating cash generation. Trade receivables contributed Rs 45.87 crore and inventories contributed Rs 17.65 crore, while other receivables used Rs 33.42 crore. Trade and other payables provided Rs 63.63 crore. In the corresponding 2025 half, inventories had used Rs 48.64 crore and other receivables had used Rs 10.27 crore, while trade and other payables had provided Rs 67.64 crore.

Where did Anmol India deploy its operating cash generation?

Anmol India deployed Rs 73.29 crore in purchases of investments during the half year ended 30 September 2026, against a positive Rs 65 lakh recorded under the same line in the prior-year half. Together with Rs 12 lakh spent on fixed assets and Rs 4.71 crore of interest received, this produced a net investing cash outflow of Rs 68.70 crore. The corresponding 2025 period recorded a net investing inflow of Rs 5.36 crore.

The investment purchase was reflected in the balance sheet. Non-current investments stood at Rs 76.65 crore on 30 September 2026, against Rs 3.36 crore on 31 March 2026. Total non-current assets consequently rose to Rs 78.31 crore from Rs 5.16 crore, while property, plant and equipment declined to Rs 1.66 crore from Rs 1.80 crore over the same six months.

The cash-flow statement does not identify the investment instruments purchased or their maturities, and it records no current investments at either 30 September 2026 or 31 March 2026. Interest received was Rs 4.71 crore in the 2026 half year, compared with Rs 3.10 crore in the 2025 half. The disclosed figures therefore establish the size of the investment deployment but not its underlying composition.

How did Anmol India change borrowings and liabilities?

Anmol India repaid Rs 28.70 crore of working-capital borrowings in the half year ended 30 September 2026, compared with repayment of Rs 8.65 crore in the corresponding 2025 half. Interest paid was Rs 6.63 crore, down from Rs 8.16 crore, while proceeds from long-term borrowings were Rs 31 lakh against Rs 1.42 crore previously. These movements and a Rs 71 lakh adjustment in reserves and surplus resulted in a financing outflow of Rs 35.73 crore.

Current borrowings fell to Rs 127.80 crore on 30 September 2026 from Rs 156.50 crore on 31 March 2026, a Rs 28.70 crore reduction matching the financing cash-flow line. Non-current borrowings edged up to Rs 41.13 crore from Rs 40.81 crore. Total borrowings therefore declined to Rs 168.93 crore from Rs 197.31 crore across the six-month period.

Other current liabilities moved in the opposite direction. Trade payables rose to Rs 53.48 crore from Rs 12.85 crore, and other current liabilities increased to Rs 38.03 crore from Rs 15.03 crore. Total current liabilities reached Rs 219.31 crore at 30 September 2026, compared with Rs 184.38 crore at 31 March 2026, despite the reduction in current borrowings.

What happened to Anmol India's cash and working-capital balances?

Anmol India ended 30 September 2026 with cash and cash equivalents of Rs 127.82 crore, up Rs 75 lakh from the opening balance of Rs 127.07 crore. The limited net movement followed Rs 105.18 crore of operating inflow, Rs 68.70 crore of investing outflow and Rs 35.73 crore of financing outflow. In the prior-year half, cash increased by Rs 12.29 crore to Rs 149.89 crore.

Inventory was Rs 58.19 crore at 30 September 2026, down from Rs 75.84 crore at 31 March 2026, corresponding with the Rs 17.65 crore inventory cash contribution. Trade receivables declined to Rs 46.09 crore from Rs 91.96 crore, while other current assets rose to Rs 77.58 crore from Rs 44.16 crore. The cash-flow statement separately records Rs 45.87 crore generated from trade receivables and Rs 33.42 crore used in other receivables.

Total current assets declined to Rs 309.68 crore from Rs 339.03 crore, while total assets increased to Rs 387.99 crore from Rs 344.19 crore because non-current assets expanded. Total equity rose by Rs 8.56 crore to Rs 127.52 crore, alongside half-year profit after tax of Rs 9.27 crore. Anmol India identifies trading of coal and other items as its single operating segment.

Conclusion

Anmol India's half-year cash flow shows that a Rs 105.18 crore operating inflow was directed principally into Rs 73.29 crore of investment purchases and Rs 28.70 crore of working-capital borrowing repayment. Cash remained broadly unchanged at Rs 127.82 crore because the operating inflow was substantially offset by Rs 68.70 crore of investing and Rs 35.73 crore of financing outflows.

The disclosed unresolved matter is the composition and maturity of the investments, which had risen to Rs 76.65 crore by 30 September 2026 from Rs 3.36 crore at 31 March 2026. The filing does not provide an investment target, maturity schedule or future cash-flow guidance, so subsequent company disclosures will be relevant for details of those holdings and the future direction of current borrowings, which stood at Rs 127.80 crore.