Bajaj Finserv cash flow

Latest FY26

Cash from operations: −₹55,301cr−₹62,113 cr in FY25
Capital spending: ₹1,448cr−22.3% on FY25
Free cash flow: −₹56,750cr−₹63,977 cr in FY25
Cash from financing: ₹66,610cr−5.1% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 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.
	—	1,291	1,170	900	678
	—	−79,956	−67,449	−53,793	−40,155
	—	−219	−175	−158	−132
	—	632	546	393	343
	—	38,966	29,480	20,138	15,524
	—	−1,299	−2,378	−2,598	−511
	—	−95,645	−90,496	−87,844	−54,068
	—	−6,034	−6,396	−7,702	−4,075
	—	1,174	117	296	707
	—	4,445	3,567	2,608	1,678
	—	14,887	15,307	15,242	6,823
Cash from operating activities
	28,591	26,867	23,730	21,367	16,810
	—	−1,21,756	−1,16,707	−1,12,519	−73,188
	—	−94,889	−92,977	−91,152	−56,378
	—	73,341	60,530	45,856	35,034
	—	25,947	22,421	17,041	13,112
	—	−414	−241	−362	−397
	—	7,392	7,004	5,975	4,627
	—	−55,301	−62,113	−68,674	−39,480
Cash from investing activities
	—	1,014	1,323	961	779
	—	434	540	474	441
	—	131	148	123	0.0
	—	0.0	0.0	0.0	97.4
	—	2,25,191	1,99,741	2,68,701	3,97,664
	—	2,07,729	1,87,309	2,52,464	3,78,874
	—	7,583	6,560	5,815	5,499
	—	0.0	0.0	1,159	635
	—	−1,438	−399	−384	−166
	—	−12,635	−7,987	−10,960	−13,945
Cash from financing activities
	—	695	515	9,135	225
	—	2,511	0.0	0.0	0.0
	—	1,380	6,461	0.0	0.0
	—	1,21,460	1,04,281	1,09,450	21,481
	—	52,124	39,124	34,376	−30,361
	—	442	399	0.0	305
	—	—	—	316	0.0
	—	1,848	1,542	1,183	745
	—	66,610	70,191	82,709	51,016
	—	−1,326	91.5	3,075	−2,409
	—	−1,326	91.5	3,075	−2,409
	—	—	—	8,579	5,504
Reference items
	59,568	56,743	49,209	40,665	29,688
	37.8%	37.7%	36.8%	36.8%	36.2%
	−56,750	−56,750	−63,977	−70,110	−40,700
	—	17,148	2,774	6,048	—
	−₹354.97	−₹354.97	−₹400.18	−₹438.54	−₹254.58
	—	−2.81×	−3.54×	−4.40×	−3.23×
	—	7,392	7,004	5,975	4,627
	—	25,947	22,421	17,041	13,112

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

alphave

BAJAJFINSV₹1,668.00

Bajaj Finserv Ltd.

· Banking & Finance

₹ CrorePeersBAJFINANCE JIOFIN KOTAKBANK ICICIBANK HDFCBANK AXISBANK SBIN HDFCLIFEMcap ₹2.67L 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 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	677.8	900.1	1,170.3	1,291.4	—
+ Interest Income	-40,155.2	-53,793.2	-67,449.1	-79,956.0	—
+ Dividend Income	-131.6	-158.0	-174.5	-218.6	—
+ Share-based Payments	342.7	392.5	545.6	631.8	—
+ Other Reconciling Items	15,523.8	20,137.6	29,480.3	38,966.1	—
Changes in Working Capital
+ Trade Receivables — Current	-511.2	-2,598.2	-2,378.3	-1,298.5	—
+ Other Financial Assets — Current	-54,068.2	-87,844.2	-90,495.5	-95,644.6	—
+ Other Current Assets	-4,075.1	-7,702.0	-6,396.2	-6,034.3	—
+ Trade Payables — Current	707.3	296.2	116.7	1,174.1	—
+ Other Current Liabilities	1,678.4	2,608.0	3,567.0	4,445.1	—
+ Other Non-current Liabilities	6,823.1	15,241.9	15,306.8	14,887.5	—
Cash from Operating Activities
Profit Before Tax (per I/S)	16,809.9	21,366.9	23,730.2	26,866.7	28,590.8
+ Total Adjustments (incl. Working Capital)	-73,188.4	-1,12,519.3	-1,16,706.9	-1,21,756.1	—
Cash from Operations (pre-tax)	-56,378.4	-91,152.3	-92,976.7	-94,889.4	—
+ Interest Received — Operating	35,034.5	45,855.7	60,530.1	73,341.3	—
+ Interest Paid — Operating	13,112.5	17,040.6	22,421.4	25,946.8	—
+ Other Inflows / (Outflows) — Operating	-396.6	-361.8	-240.9	-414.4	—
+ Income Taxes Paid	4,626.6	5,975.2	7,004.5	7,392.1	—
Cash from Operating Activities	-39,479.5	-68,674.2	-62,113.3	-55,301.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	779.3	961.3	1,323.2	1,014.3	—
+ Acq of Intangible Assets	441.2	474.2	540.4	433.9	—
+ Disp of Fixed Assets	0.0	123.4	148.3	130.6	—
+ Disp of Intangibles under Development	97.4	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	3,97,664.0	2,68,700.8	1,99,741.2	2,25,191.1	—
+ Sale of Investments (Equity / Debt)	3,78,873.7	2,52,464.0	1,87,309.1	2,07,729.5	—
+ Dividends Received — Investing	5,499.1	5,814.8	6,560.1	7,582.7	—
+ Interest Received — Investing	635.4	1,158.6	0.0	0.0	—
+ Other Inflows / (Outflows) — Investing	-166.3	-384.2	-399.3	-1,438.4	—
Cash from Investing Activities	-13,945.2	-10,959.7	-7,986.5	-12,634.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	224.7	9,134.6	515.0	694.7	—
+ Buyback / Redemption of Own Shares	0.0	0.0	0.0	2,510.9	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	6,460.5	1,380.2	—
+ Proceeds from Borrowings	21,480.5	1,09,449.8	1,04,281.2	1,21,459.6	—
+ Repayment of Borrowings	-30,361.0	34,375.9	39,124.5	52,123.8	—
+ Payment of Lease Liabilities	305.4	0.0	399.2	441.8	—
+ Payment of Finance Lease Liabilities	0.0	316.4	—	—	—
+ Dividends Paid	744.8	1,183.4	1,541.7	1,847.7	—
Cash from Financing Activities	51,016.1	82,708.7	70,191.3	66,610.3	—
Net Changes in Cash (pre-FX)	-2,408.7	3,074.8	91.5	-1,326.0	—
Net Changes in Cash	-2,408.7	3,074.8	91.5	-1,326.0	—
Closing Cash	5,504.4	8,579.2	—	—	—
Reference Items
EBITDA	29,688.4	40,665.5	49,209.2	56,742.7	59,568.1
EBITDA Margin %	36.17	36.84	36.77	37.70	37.79
Free Cash Flow (CFO − Capex)	-40,700.0	-70,109.7	-63,976.8	-56,749.6	-56,749.6
Free Cash Flow to Equity	—	6,047.9	2,774.2	17,148.1	—
Free Cash Flow per Basic Share	-254.58	-438.54	-400.18	-354.97	-354.97
Cash Flow to Net Income	-3.23	-4.40	-3.54	-2.81	—
Cash Paid for Taxes	4,626.6	5,975.2	7,004.5	7,392.1	—
Cash Paid for Interest	13,112.5	17,040.6	22,421.4	25,946.8	—

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.

« ‹ › »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 ✓ 146%.