Adani Ports and Special Economic Zone cash flow

Latest FY26

Cash from operations: ₹20,356cr+18.2% on FY25
Capital spending: ₹15,320cr+90.3% on FY25
Free cash flow: ₹5,036cr−45.1% on FY25
Cash from financing: −₹5,483cr−₹6,916 cr in 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.
	—	5,517	4,379	3,888	3,423
	—	4,645	2,532	2,733	2,363
	—	−1,395	−688	−860	−1,246
	—	−382	−252	−210	−0.4
	—	0.1	2.7	−6.8	−4.8
	—	31.7	108	198	1,198
	—	1,606	−49.5	462	2,400
	—	258	142	−162	47.8
	—	−164	−37.4	8.1	−66.7
	—	−1,245	−451	−330	−787
	—	−169	−94.2	436	−326
	—	−1,077	−760	−139	−206
	—	−180	87.9	−365	250
	—	1,191	182	149	211
	—	−1,263	455	189	237
	—	−95.7	247	40.9	−168
Cash from operating activities
	15,921	14,591	12,888	10,255	5,441
	—	7,280	5,803	6,034	7,326
	—	21,871	18,691	16,290	12,767
	—	1,514	1,465	1,272	834
	—	20,356	17,226	15,018	11,933
Cash from investing activities
	—	15,320	8,049	7,416	9,125
	—	38.1	50.7	26.7	204
	—	0.0	0.0	114	256
	—	0.2	0.0	419	1,207
	—	0.1	0.0	0.0	0.0
	—	−73.1	4,093	2,923	10,344
	—	2,195	248	248	−214
	—	357	255	18.2	19,976
	—	147	327	206	21,366
	—	387	256	214	0.4
	—	611	611	969	1,461
	—	−892	2,424	2,459	1,151
	—	−13,118	−8,480	−6,768	−16,939
Cash from financing activities
	—	44.1	387	235	946
	—	0.0	0.0	0.0	25.0
	—	15,911	3,913	1,930	7,446
	—	15,530	6,774	6,059	7,101
	—	632	0.0	47.5	53.0
	—	3,139	1,336	2,779	2,854
	—	1,535	282	1,080	1,093
	—	0.0	2,823	0.0	0.0
	—	−602	0.0	0.0	0.0
	—	−5,483	−6,916	−7,800	−2,734
	—	1,755	1,831	450	−7,739
	—	1,755	1,831	450	−7,739
	—	5,162	3,406	1,576	937
Reference items
	25,153	22,851	19,025	15,864	10,947
	59.0%	59.0%	61.2%	59.4%	52.5%
	5,036	5,036	9,177	7,601	2,808
	—	11,190	7,372	583	—
	₹21.86	₹21.86	₹39.83	₹32.99	₹12.19
	80.58×	—	—	—	—
	—	1.59×	1.56×	1.85×	2.21×
	—	1,514	1,465	1,272	834
	—	3,139	1,336	2,779	2,854

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

alphave

ADANIPORTS₹1,761.30

Adani Ports and Special Economic Zone Ltd.

· Consumer Services

₹ CrorePeersJSWINFRA INDIGO ETERNAL TRENT INDHOTEL DMART NAUKRI SWIGGYMcap ₹4.06L 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	3,423.2	3,888.5	4,378.9	5,517.4	—
+ Finance Costs	2,362.6	2,732.9	2,531.8	4,645.0	—
+ Interest Income	-1,246.3	-860.2	-688.0	-1,394.5	—
+ Dividend Income	-0.4	-209.5	-251.9	-382.1	—
+ Fair Value (Gains) / Losses	-4.8	-6.8	2.7	0.1	—
+ Other Non-cash Items	1,198.4	198.3	108.1	31.7	—
+ Other — Cash Effects are Investing / Financing	2,399.8	462.1	-49.5	1,606.4	—
+ Other Reconciling Items	47.8	-161.7	141.6	257.6	—
Changes in Working Capital
+ Inventories	-66.7	8.1	-37.4	-163.5	—
+ Trade Receivables — Current	-787.1	-329.8	-451.0	-1,245.1	—
+ Other Financial Assets — Current	-325.5	436.1	-94.2	-168.6	—
+ Other Current Assets	-205.5	-138.6	-760.0	-1,076.8	—
+ Trade Payables — Current	250.0	-365.1	87.9	-180.0	—
+ Other Financial Liabilities — Current	210.7	149.4	181.7	1,191.3	—
+ Other Current Liabilities	237.5	189.5	455.2	-1,263.5	—
+ Provisions — Current	-168.0	40.9	247.3	-95.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	5,441.4	10,255.4	12,888.1	14,590.9	15,921.5
+ Total Adjustments (incl. Working Capital)	7,325.8	6,034.1	5,803.3	7,279.7	—
Cash from Operations (pre-tax)	12,767.2	16,289.5	18,691.3	21,870.6	—
+ Income Taxes Paid	833.9	1,271.9	1,465.0	1,514.3	—
Cash from Operating Activities	11,933.3	15,017.6	17,226.3	20,356.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	9,124.8	7,416.3	8,048.9	15,320.3	—
+ Disp of Fixed Assets	203.8	26.7	50.7	38.1	—
+ Purchase of Investments (Equity / Debt)	256.0	114.2	0.0	0.0	—
+ Acq of Interests in Joint Ventures	1,206.9	419.1	0.0	0.2	—
+ Disp of Interests in Joint Ventures	0.0	0.0	0.0	0.1	—
+ Acq of Subsidiaries / Businesses (net)	10,343.9	2,922.7	4,092.6	-73.1	—
+ Disp of Subsidiaries / Businesses (net)	-213.5	247.8	248.3	2,195.4	—
+ Loans & Advances Made	19,975.7	18.2	255.4	356.6	—
+ Loans & Advances Repaid	21,366.0	206.4	327.5	147.4	—
+ Dividends Received — Investing	0.4	213.9	255.8	386.6	—
+ Interest Received — Investing	1,461.0	969.2	610.5	610.6	—
+ Other Inflows / (Outflows) — Investing	1,150.8	2,459.0	2,424.0	-891.6	—
Cash from Investing Activities	-16,938.8	-6,767.6	-8,480.2	-13,117.6	—
Cash from Financing Activities
+ Proceeds — Change in Ownership of Subsidiaries	945.5	235.2	386.5	44.1	—
+ Payments — Change in Ownership of Subsidiaries	25.0	0.0	0.0	0.0	—
+ Proceeds from Borrowings	7,445.9	1,929.8	3,913.3	15,911.3	—
+ Repayment of Borrowings	7,100.5	6,058.8	6,773.9	15,529.8	—
+ Payment of Lease Liabilities	53.0	47.5	0.0	632.5	—
+ Interest Paid	2,853.7	2,779.0	1,336.3	3,138.8	—
+ Dividends Paid	1,092.9	1,079.7	281.7	1,535.4	—
+ Income Taxes (Paid) / Refund — Financing	0.0	0.0	2,823.5	0.0	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	-602.3	—
Cash from Financing Activities	-2,733.8	-7,800.1	-6,915.5	-5,483.4	—
Net Changes in Cash (pre-FX)	-7,739.4	449.9	1,830.6	1,755.2	—
Net Changes in Cash	-7,739.4	449.9	1,830.6	1,755.2	—
Closing Cash	936.7	1,575.7	3,406.3	5,161.6	—
Reference Items
EBITDA	10,947.1	15,863.9	19,024.6	22,851.4	25,153.1
EBITDA Margin %	52.50	59.39	61.21	58.99	59.04
Free Cash Flow (CFO − Capex)	2,808.5	7,601.3	9,177.4	5,035.9	5,035.9
Free Cash Flow to Equity	—	583.1	7,371.9	11,190.1	—
Free Cash Flow per Basic Share	12.19	32.99	39.83	21.86	21.86
Price to Free Cash Flow	—	—	—	—	80.58
Cash Flow to Net Income	2.21	1.85	1.56	1.59	—
Cash Paid for Taxes	833.9	1,271.9	1,465.0	1,514.3	—
Cash Paid for Interest	2,853.7	2,779.0	1,336.3	3,138.8	—

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 ✓ 194%.