Bajaj Auto cash flow

Latest FY26

Cash from operations: ₹2,597cr−₹1,406 cr in FY25
Capital spending: ₹722cr−17.3% on FY25
Free cash flow: ₹1,874cr−₹2,279 cr in FY25
Cash from financing: ₹5,079cr+20.1% 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.
	—	645	414	365	286
	—	226	68.1	60.4	39.5
	—	−1,303	−743	−848	−755
	—	−32.6	−30.1	−43.1	−47.3
	—	−486	−648	−449	−178
	—	74.7	67.3	40.5	29.8
	—	−37.7	23.7	−5.0	14.1
	—	6.2	−1.4	−96.5	2.0
	—	−18.0	−34.7	11.2	−100
	—	639	−389	−125	−333
	—	1,346	−51.6	−293	−243
	—	−10,371	−9,848	−1,199	588
	—	1,389	1,229	1,778	576
	—	559	149	−23.8	4.8
Cash from operating activities
	15,793	13,391	11,139	9,772	7,313
	—	−7,365	−9,795	−827	−117
	—	6,026	1,344	8,945	7,196
	—	3,430	2,750	2,387	1,919
	—	2,597	−1,406	6,558	5,277
Cash from investing activities
	—	560	814	706	1,074
	—	162	60.3	16.4	35.7
	—	10.2	6.4	12.2	137
	—	1.7	0.0	0.0	0.0
	—	26,617	11,897	15,274	9,384
	—	25,835	9,804	17,248	10,793
	—	−355	0.0	0.0	0.0
	—	7,703	519	0.0	0.0
	—	322	307	456	423
	—	1,488	2,115	−2,063	341
	—	−7,034	−1,056	−344	1,200
Cash from financing activities
	—	93.4	29.3	−3,933	−3,096
	—	0.0	932	0.0	0.0
	—	463	0.0	0.0	0.0
	—	23,266	8,945	1,785	0.0
	—	12,585	1,511	0.0	0.0
	—	24.4	0.0	0.0	0.0
	—	258	66.3	58.8	38.1
	—	5,855	2,235	3,960	4,047
	—	−21.8	0.0	0.0	0.0
	—	5,079	4,230	−6,167	−7,181
	—	642	1,768	47.1	−704
	—	16.3	2.9	272	11.7
	—	658	1,771	319	−692
	—	2,990	2,332	560	242
Reference items
	16,232	13,061	10,468	8,762	6,451
	20.1%	20.8%	20.5%	19.5%	17.7%
	1,874	1,874	−2,279	5,835	4,167
	—	14,360	5,105	7,562	—
	₹67.06	₹67.06	−₹81.55	₹208.78	₹149.10
	154.84×	—	—	—	—
	—	0.25×	−0.19×	0.85×	0.87×
	—	3,430	2,750	2,387	1,919
	—	258	66.3	58.8	38.1

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

alphave

BAJAJ-AUTO₹10,383.00

Bajaj Auto Ltd.

· Auto & Mobility

₹ CrorePeersHEROMOTOCO TVSMOTOR EICHERMOT MARUTI M&M TMPV MOTHERSON BOSCHLTDMcap ₹2.90L 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	285.9	364.8	414.2	644.7	—
+ Finance Costs	39.5	60.4	68.1	225.7	—
+ Interest Income	-755.0	-848.2	-743.0	-1,303.4	—
+ Dividend Income	-47.3	-43.1	-30.1	-32.6	—
+ Fair Value (Gains) / Losses	-177.7	-448.6	-648.3	-486.5	—
+ Share-based Payments	29.8	40.5	67.3	74.7	—
+ Unrealised FX (Gain) / Loss	14.1	-5.0	23.7	-37.7	—
+ Other — Cash Effects are Investing / Financing	2.0	-96.5	-1.4	6.2	—
+ Other Reconciling Items	-100.4	11.2	-34.7	-18.0	—
Changes in Working Capital
+ Inventories	-333.0	-125.2	-388.6	639.0	—
+ Trade Receivables — Current	-243.3	-293.1	-51.6	1,346.4	—
+ Other Current Assets	587.6	-1,198.8	-9,848.2	-10,370.9	—
+ Other Current Liabilities	576.2	1,777.9	1,228.7	1,388.8	—
+ Provisions — Current	4.8	-23.8	149.2	558.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	7,312.7	9,772.5	11,139.0	13,390.8	15,793.2
+ Total Adjustments (incl. Working Capital)	-116.8	-827.4	-9,794.5	-7,364.7	—
Cash from Operations (pre-tax)	7,195.9	8,945.1	1,344.5	6,026.1	—
+ Income Taxes Paid	1,918.5	2,386.9	2,750.0	3,429.5	—
Cash from Operating Activities	5,277.4	6,558.2	-1,405.6	2,596.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,074.5	706.5	813.5	560.4	—
+ Acq of Intangible Assets	35.7	16.4	60.3	161.9	—
+ Disp of Fixed Assets	136.9	12.2	6.4	10.2	—
+ Acq of Investment Property	0.0	0.0	0.0	1.7	—
+ Purchase of Investments (Equity / Debt)	9,384.2	15,274.2	11,896.6	26,617.1	—
+ Sale of Investments (Equity / Debt)	10,792.8	17,248.4	9,803.9	25,834.5	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	-355.3	—
+ Loans & Advances Made	0.0	0.0	518.7	7,702.6	—
+ Interest Received — Investing	423.2	455.8	307.4	321.8	—
+ Other Inflows / (Outflows) — Investing	341.1	-2,063.1	2,115.2	1,488.0	—
Cash from Investing Activities	1,199.5	-343.7	-1,056.3	-7,033.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	-3,095.7	-3,933.0	29.3	93.4	—
+ Buyback / Redemption of Own Shares	0.0	0.0	931.8	0.0	—
+ Proceeds from Debentures / Notes / Bonds	0.0	0.0	0.0	463.5	—
+ Proceeds from Borrowings	0.0	1,784.6	8,945.1	23,266.5	—
+ Repayment of Borrowings	0.0	0.0	1,511.0	12,585.0	—
+ Payment of Lease Liabilities	0.0	0.0	0.0	24.4	—
+ Interest Paid	38.1	58.8	66.3	258.2	—
+ Dividends Paid	4,047.0	3,960.2	2,235.3	5,854.6	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	-21.8	—
Cash from Financing Activities	-7,180.7	-6,167.4	4,230.1	5,079.5	—
Net Changes in Cash (pre-FX)	-703.8	47.1	1,768.2	642.2	—
+ Effect of FX Rate Changes on Cash	11.7	271.8	2.9	16.3	—
Net Changes in Cash	-692.1	318.8	1,771.1	658.4	—
Closing Cash	241.6	560.5	2,331.5	2,990.0	—
Reference Items
EBITDA	6,450.5	8,761.6	10,467.7	13,061.1	16,232.1
EBITDA Margin %	17.69	19.53	20.53	20.76	20.08
Free Cash Flow (CFO − Capex)	4,167.2	5,835.3	-2,279.4	1,874.3	1,874.3
Free Cash Flow to Equity	—	7,562.5	5,104.9	14,360.1	—
Free Cash Flow per Basic Share	149.10	208.78	-81.55	67.06	67.06
Price to Free Cash Flow	—	—	—	—	154.84
Cash Flow to Net Income	0.87	0.85	-0.19	0.25	—
Cash Paid for Taxes	1,918.5	2,386.9	2,750.0	3,429.5	—
Cash Paid for Interest	38.1	58.8	66.3	258.2	—

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.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

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 ✓ 196%.