Adani Enterprises cash flow

Latest FY26

Cash from operations: ₹2,357cr−48.0% on FY25
Capital spending: ₹33,369cr+14.4% on FY25
Free cash flow: −₹31,012cr−₹24,641 cr in FY25
Cash from financing: ₹28,484cr+29.8% 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.
	—	6,135	4,211	3,042	2,436
	—	6,019	5,978	4,555	3,970
	—	−1,438	−1,367	−1,047	−838
	—	0.0	−0.0	−10.7	−0.1
	—	259	405	28.3	20.5
	—	236	65.9	149	94.8
	—	−9,587	−4,309	406	258
	—	−8,340	−767	−2,569	−130
	—	−5,299	−1,454	1,320	−2,064
	—	−3,002	−1,717	849	−3,257
	—	6,335	−2,955	−2,846	12,806
	—	228	−1,944	3,217	1,990
Cash from operating activities
	8,313	13,525	10,479	4,925	3,250
	—	−8,455	−3,854	7,094	15,287
	—	5,069	6,625	12,018	18,536
	—	2,712	2,095	1,708	910
	—	2,357	4,530	10,311	17,626
Cash from investing activities
	—	33,369	29,171	22,366	14,725
	—	19.2	364	120	69.9
	—	3.9	54.6	12.4	169
	—	2,262	1,139	1,070	1,372
	—	0.0	0.0	0.0	27.7
	—	713	142	13.2	914
	—	0.0	0.0	159	0.0
	—	0.0	0.0	0.0	0.2
	—	564	3,544	58.1	3,305
	—	−215	1,841	5,475	2,903
	—	0.0	0.0	10.7	0.1
	—	1,042	1,184	1,127	608
	—	7,628	4,403	−2,453	15.0
	—	−28,438	−26,259	−19,082	−16,860
Cash from financing activities
	—	24,854	4,168	0.0	7,700
	—	40,870	34,819	25,146	30,339
	—	30,999	9,910	10,717	35,047
	—	1,713	1,435	1,495	746
	—	5,102	5,599	4,055	3,342
	—	150	148	137	114
	—	725	52.6	137	13.9
	—	28,484	21,947	8,879	−1,198
	—	2,403	219	107	−431
	—	758	549	364	1,401
	—	3,161	768	471	970
	—	6,267	3,106	2,353	1,882
Reference items
	17,900	13,989	14,252	11,377	8,828
	14.1%	13.9%	14.6%	11.8%	6.4%
	−31,012	−31,012	−24,641	−12,055	2,902
	—	1,351	−4,127	−4,306	—
	−₹239.96	−₹239.96	−₹190.66	−₹93.28	₹22.45
	—	0.24×	0.57×	3.09×	7.28×
	—	2,712	2,095	1,708	910
	—	5,102	5,599	4,055	3,342

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

alphave

ADANIENT₹2,479.80

Adani Enterprises Ltd.

· Metal & Mining

₹ CrorePeersTATASTEEL HINDALCO JSWSTEEL HINDZINC JINDALSTEL VEDL NMDC NATIONALUMMcap ₹3.20L 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	2,436.1	3,042.2	4,211.3	6,135.3	—
+ Finance Costs	3,970.0	4,554.7	5,978.0	6,019.1	—
+ Interest Income	-838.2	-1,047.4	-1,367.0	-1,438.3	—
+ Dividend Income	-0.1	-10.7	-0.0	0.0	—
+ Unrealised FX (Gain) / Loss	20.5	28.3	404.8	259.3	—
+ Other Non-cash Items	94.8	149.4	65.9	235.5	—
+ Other Reconciling Items	257.8	405.8	-4,309.1	-9,587.5	—
Changes in Working Capital
+ Inventories	-129.8	-2,568.8	-767.3	-8,340.4	—
+ Trade Receivables — Current	-2,064.5	1,320.2	-1,453.7	-5,299.1	—
+ Other Current Assets	-3,256.5	848.6	-1,716.7	-3,002.4	—
+ Trade Payables — Current	12,806.4	-2,846.0	-2,955.5	6,335.4	—
+ Other Current Liabilities	1,989.7	3,217.2	-1,944.2	227.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	3,249.9	4,924.9	10,478.7	13,524.7	8,313.4
+ Total Adjustments (incl. Working Capital)	15,286.5	7,093.5	-3,853.6	-8,455.4	—
Cash from Operations (pre-tax)	18,536.4	12,018.4	6,625.1	5,069.3	—
+ Income Taxes Paid	910.0	1,707.9	2,094.7	2,712.4	—
Cash from Operating Activities	17,626.5	10,310.5	4,530.4	2,356.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	14,724.7	22,365.9	29,171.1	33,369.1	—
+ Disp of Fixed Assets	69.9	119.7	363.7	19.2	—
+ Purchase of Investments (Equity / Debt)	168.6	12.4	54.6	3.9	—
+ Acq of Interests in Joint Ventures	1,371.5	1,070.2	1,139.5	2,262.3	—
+ Disp of Interests in Joint Ventures	27.7	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	913.7	13.2	142.1	712.7	—
+ Disp of Subsidiaries / Businesses (net)	0.0	159.1	0.0	0.0	—
+ Investment in Partnership Firms / LLPs	0.2	0.0	0.0	0.0	—
+ Loans & Advances Made	3,305.3	58.1	3,543.7	563.8	—
+ Loans & Advances Repaid	2,902.8	5,475.1	1,841.0	-215.3	—
+ Dividends Received — Investing	0.1	10.7	0.0	0.0	—
+ Interest Received — Investing	608.3	1,126.7	1,184.1	1,041.8	—
+ Other Inflows / (Outflows) — Investing	15.0	-2,453.5	4,403.5	7,628.2	—
Cash from Investing Activities	-16,860.1	-19,082.2	-26,258.6	-28,438.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	7,700.0	0.0	4,168.4	24,854.0	—
+ Proceeds from Borrowings	30,338.5	25,145.6	34,819.3	40,870.0	—
+ Repayment of Borrowings	35,047.2	10,717.4	9,910.4	30,998.8	—
+ Payment of Lease Liabilities	746.2	1,495.5	1,435.3	1,713.3	—
+ Interest Paid	3,342.5	4,054.7	5,599.0	5,102.0	—
+ Dividends Paid	114.0	136.8	148.2	150.0	—
+ Other Inflows / (Outflows) — Financing	13.9	137.4	52.6	724.7	—
Cash from Financing Activities	-1,197.5	8,878.7	21,947.3	28,484.5	—
Net Changes in Cash (pre-FX)	-431.2	107.0	219.2	2,403.4	—
+ Effect of FX Rate Changes on Cash	1,401.3	363.7	549.3	757.5	—
Net Changes in Cash	970.1	470.7	768.4	3,160.9	—
Closing Cash	1,882.3	2,353.0	3,105.8	6,266.7	—
Reference Items
EBITDA	8,828.0	11,376.6	14,252.0	13,989.1	17,900.1
EBITDA Margin %	6.44	11.80	14.56	13.92	14.05
Free Cash Flow (CFO − Capex)	2,901.7	-12,055.4	-24,640.7	-31,012.2	-31,012.2
Free Cash Flow to Equity	—	-4,305.8	-4,127.2	1,351.2	—
Free Cash Flow per Basic Share	22.45	-93.28	-190.66	-239.96	-239.96
Cash Flow to Net Income	7.28	3.09	0.57	0.24	—
Cash Paid for Taxes	910.0	1,707.9	2,094.7	2,712.4	—
Cash Paid for Interest	3,342.5	4,054.7	5,599.0	5,102.0	—

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 ✓ 249%.