Adani Energy Solutions cash flow

Latest FY26

Cash from operations: ₹10,997cr+26.5% on FY25
Capital spending: ₹14,432cr+53.9% on FY25
Free cash flow: −₹3,435cr−₹683 cr in FY25
Cash from financing: ₹2,630cr−67.0% on 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.
	—	1,978	1,883	1,776	1,608
	—	3,633	3,259	2,767	2,781
	—	−472	−488	−387	−495
	—	−119	0.0	−43.1	0.0
	—	0.0	1.1	0.4	0.5
	—	−1,193	2,799	−149	0.0
	—	17.1	−1,341	0.0	−1,117
	—	−44.2	−476	−103	98.2
	—	−9.1	327	−144	−395
	—	−1,502	0.0	0.0	0.0
	—	0.0	−450	431	−790
	—	−944	0.0	0.0	231
	—	1,100	−126	0.0	63.5
	—	0.0	0.0	0.0	−1.0
	—	1,939	967	−59.3	220
	—	0.0	153	416	30.9
	—	2,832	0.0	0.0	102
	—	0.0	0.0	53.8	14.4
	—	0.0	0.0	0.0	48.4
	—	0.0	0.0	0.0	−90.2
Cash from operating activities
	4,894	4,210	2,416	1,780	1,712
	—	7,215	6,508	4,558	2,311
	—	11,426	8,924	6,338	4,023
	—	429	229	300	246
	—	10,997	8,695	6,038	3,777
Cash from investing activities
	—	14,432	9,378	5,430	4,702
	—	0.0	0.0	0.0	48.7
	—	0.0	0.0	0.0	−726
	—	15.6	0.0	0.0	0.0
	—	50.5	2,582	34.8	0.0
	—	0.0	815	0.0	0.0
	—	0.0	0.0	−3.8	0.0
	—	6.0	403	0.0	633
	—	407	550	345	467
	—	2.3	−5,036	172	−322
	—	−14,083	−15,228	−4,943	−4,699
Cash from financing activities
	—	0.0	8,373	0.0	3,850
	—	0.0	0.0	0.0	3,075
	—	17,024	7,252	5,459	5,901
	—	10,455	4,738	2,916	3,573
	—	27.7	19.6	22.1	25.9
	—	4,075	2,977	3,222	2,213
	—	0.0	0.0	85.8	0.0
	—	164	84.9	244	59.5
	—	2,630	7,975	−543	923
	—	−456	1,443	551	1.5
	—	−456	1,443	551	1.5
	—	—	—	742	191
Reference items
	10,590	9,084	8,407	6,171	4,518
	31.2%	32.9%	35.4%	37.2%	34.0%
	−3,435	−3,435	−683	608	−925
	—	1,182	−462	196	—
	−₹28.60	−₹28.60	−₹5.68	₹5.06	−₹7.70
	—	4.60×	9.43×	5.05×	1.63×
	—	429	229	300	246
	—	4,075	2,977	3,222	2,213

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

alphave

ADANIENSOL₹1,365.00

Adani Energy Solutions Ltd.

· Energy & Power

₹ CrorePeersPOWERGRID ADANIPOWER TATAPOWER ADANIGREEN NTPC NHPC JSWENERGY CLEANMAXMcap ₹1.64L 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 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	1,607.7	1,776.1	1,883.2	1,978.2	—
+ Finance Costs	2,781.5	2,766.5	3,259.2	3,632.9	—
+ Interest Income	-494.8	-386.6	-488.4	-472.3	—
+ Fair Value (Gains) / Losses	0.0	-43.1	0.0	-118.9	—
+ Unrealised FX (Gain) / Loss	0.5	0.4	1.1	0.0	—
+ Other Non-cash Items	0.0	-149.0	2,799.2	-1,192.9	—
+ Other Reconciling Items	-1,116.6	0.0	-1,340.8	17.1	—
Changes in Working Capital
+ Inventories	98.2	-103.4	-476.1	-44.2	—
+ Trade Receivables — Current	-395.0	-144.4	327.3	-9.1	—
+ Trade Receivables — Non-current	0.0	0.0	0.0	-1,502.5	—
+ Other Financial Assets — Current	-789.5	431.0	-450.3	0.0	—
+ Other Financial Assets — Non-current	231.5	0.0	0.0	-943.7	—
+ Other Current Assets	63.5	0.0	-125.9	1,099.5	—
+ Other Non-current Assets	-1.0	0.0	0.0	0.0	—
+ Trade Payables — Current	219.5	-59.3	967.2	1,938.7	—
+ Other Financial Liabilities — Current	30.9	416.2	152.6	0.0	—
+ Other Financial Liabilities — Non-current	101.8	0.0	0.0	2,832.4	—
+ Other Current Liabilities	14.4	53.8	0.0	0.0	—
+ Provisions — Current	48.4	0.0	0.0	0.0	—
+ Provisions — Non-current	-90.2	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,711.7	1,779.6	2,415.6	4,210.4	4,893.8
+ Total Adjustments (incl. Working Capital)	2,310.8	4,558.1	6,508.3	7,215.4	—
Cash from Operations (pre-tax)	4,022.6	6,337.7	8,923.9	11,425.8	—
+ Income Taxes Paid	245.6	300.1	228.7	429.1	—
Cash from Operating Activities	3,777.0	6,037.6	8,695.2	10,996.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	4,702.2	5,429.5	9,378.1	14,431.8	—
+ Acq of Investment Property	48.7	0.0	0.0	0.0	—
+ Disp of Investment Property	-726.0	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.0	15.6	—
+ Acq of Subsidiaries / Businesses (net)	0.0	34.8	2,581.6	50.5	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	815.0	0.0	—
+ Loans & Advances Made	0.0	-3.8	0.0	0.0	—
+ Loans & Advances Repaid	633.1	0.0	403.2	6.0	—
+ Interest Received — Investing	467.4	345.1	549.7	406.8	—
+ Other Inflows / (Outflows) — Investing	-322.2	172.4	-5,035.8	2.3	—
Cash from Investing Activities	-4,698.7	-4,943.0	-15,227.6	-14,082.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	3,850.0	0.0	8,373.1	0.0	—
+ Payments for Other Equity Instruments	3,075.5	0.0	0.0	0.0	—
+ Proceeds from Borrowings	5,900.8	5,458.9	7,251.8	17,024.0	—
+ Repayment of Borrowings	3,573.2	2,916.0	4,738.4	10,455.2	—
+ Payment of Lease Liabilities	25.9	22.1	19.6	27.7	—
+ Interest Paid	2,212.5	3,222.0	2,976.6	4,074.9	—
+ Dividends Paid	0.0	85.8	0.0	0.0	—
+ Other Inflows / (Outflows) — Financing	59.5	243.7	84.9	164.0	—
Cash from Financing Activities	923.2	-543.2	7,975.2	2,630.3	—
Net Changes in Cash (pre-FX)	1.5	551.3	1,442.9	-455.8	—
Net Changes in Cash	1.5	551.3	1,442.9	-455.8	—
Closing Cash	190.6	742.1	—	—	—
Reference Items
EBITDA	4,517.6	6,171.2	8,407.3	9,084.4	10,589.9
EBITDA Margin %	33.99	37.16	35.37	32.93	31.18
Free Cash Flow (CFO − Capex)	-925.2	608.1	-682.9	-3,435.1	-3,435.1
Free Cash Flow to Equity	—	196.2	-462.3	1,182.4	—
Free Cash Flow per Basic Share	-7.70	5.06	-5.68	-28.60	-28.60
Cash Flow to Net Income	1.63	5.05	9.43	4.60	—
Cash Paid for Taxes	245.6	300.1	228.7	429.1	—
Cash Paid for Interest	2,212.5	3,222.0	2,976.6	4,074.9	—

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%.