Bharat Forge cash flow

Latest FY26

Cash from operations: ₹1,487cr−17.2% on FY25
Capital spending: ₹1,140cr−21.4% on FY25
Free cash flow: ₹346cr+0.1% on FY25
Cash from financing: −₹442cr−₹570 cr in 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.
	—	971	874	848	736
	—	323	417	491	299
	—	−63.3	−69.1	−76.0	−29.2
	—	−0.9	−0.8	−0.6	0.0
	—	0.0	0.0	−19.8	65.4
	—	0.0	0.0	9.0	2.1
	—	63.6	−36.4	−24.9	−41.3
	—	40.5	157	−6.3	0.0
	—	−55.7	−54.3	−61.1	0.0
	—	0.0	0.0	13.1	0.0
	—	−388	−384	−85.6	−362
	—	−709	251	−108	−769
	—	−272	5.7	38.7	24.7
	—	157	−228	−207	−153
	—	442	91.0	129	434
	—	6.2	15.3	−12.3	6.3
	—	−231	−158	−249	815
	—	92.3	61.4	70.8	−32.1
Cash from operating activities
	1,318	1,677	1,460	1,434	860
	—	375	942	749	995
	—	2,051	2,401	2,183	1,855
	—	0.0	0.0	0.0	−0.5
	—	0.0	0.0	0.0	−143
	—	565	605	519	417
	—	1,487	1,796	1,664	1,294
Cash from investing activities
	—	1,140	1,450	1,524	996
	—	0.0	0.0	23.7	26.3
	—	0.0	0.0	54.1	0.0
	—	27.4	6.5	0.0	0.0
	—	12,541	14,238	10,704	−10,982
	—	13,091	13,690	11,589	−11,352
	—	499	30.3	53.3	11.4
	—	0.0	0.0	6.6	0.4
	—	0.0	4.2	0.0	1.2
	—	0.9	0.8	0.6	0.5
	—	27.9	53.4	62.1	16.8
	—	0.0	0.0	0.0	−338
	—	−1,033	−1,964	−667	−1,671
Cash from financing activities
	—	0.0	1,650	0.0	0.0
	—	300	0.0	0.0	0.0
	—	14,283	8,851	9,519	7,710
	—	14,205	10,094	8,801	6,829
	—	65.5	51.6	0.0	0.0
	—	—	—	51.3	36.9
	—	375	473	490	211
	—	380	422	380	325
	—	0.0	−30.3	0.0	−27.6
	—	−442	−570	−203	280
	—	11.6	−738	795	−96.6
	—	215	43.4	11.6	5.8
	—	227	−694	807	−90.8
	—	627	—	1,315	468
Reference items
	2,963	2,927	2,694	2,558	1,768
	16.9%	17.4%	17.8%	16.3%	13.7%
	346	346	346	140	298
	—	557	−1,361	321	—
	₹7.24	₹7.24	₹7.23	₹2.94	₹6.24
	234.82×	—	—	—	—
	—	1.36×	1.97×	1.83×	2.55×
	—	565	605	519	417
	—	375	473	490	211

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

alphave

BHARATFORG₹1,700.00

Bharat Forge Ltd.

· Auto & Mobility

₹ CrorePeersRKFORGE SONACOMS HEROMOTOCO TIINDIA EXIDEIND HYUNDAI TVSMOTOR BOSCHLTDMcap ₹81,283 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	735.6	848.2	873.6	970.9	—
+ Finance Costs	298.6	491.2	417.5	323.3	—
+ Interest Income	-29.2	-76.0	-69.1	-63.3	—
+ Dividend Income	0.0	-0.6	-0.8	-0.9	—
+ Fair Value (Gains) / Losses	65.4	-19.8	0.0	0.0	—
+ Share-based Payments	2.1	9.0	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	-41.3	-24.9	-36.4	63.6	—
+ Other Non-cash Items	0.0	-6.3	157.1	40.5	—
+ Other — Cash Effects are Investing / Financing	0.0	-61.1	-54.3	-55.7	—
+ Other Reconciling Items	0.0	13.1	0.0	0.0	—
Changes in Working Capital
+ Inventories	-362.3	-85.6	-383.8	-387.9	—
+ Trade Receivables — Current	-768.8	-108.1	251.0	-709.0	—
+ Other Financial Assets — Current	24.7	38.7	5.7	-272.5	—
+ Other Current Assets	-153.1	-207.2	-228.0	156.6	—
+ Trade Payables — Current	433.9	129.4	91.0	442.0	—
+ Other Financial Liabilities — Current	6.3	-12.3	15.3	6.2	—
+ Other Current Liabilities	815.1	-249.3	-158.5	-231.5	—
+ Provisions — Current	-32.1	70.8	61.4	92.3	—
Cash from Operating Activities
Profit Before Tax (per I/S)	860.4	1,433.7	1,459.5	1,676.6	1,318.0
+ Total Adjustments (incl. Working Capital)	994.9	749.2	941.8	374.6	—
Cash from Operations (pre-tax)	1,855.3	2,182.9	2,401.4	2,051.3	—
+ Dividends Received — Operating	-0.5	0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Operating	-143.1	0.0	0.0	0.0	—
+ Income Taxes Paid	417.2	518.5	605.0	564.6	—
Cash from Operating Activities	1,294.5	1,664.4	1,796.3	1,486.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	996.2	1,524.0	1,450.5	1,140.5	—
+ Disp of Fixed Assets	26.3	23.7	0.0	0.0	—
+ Acq of Investment Property	0.0	54.1	0.0	0.0	—
+ Disp of Investment Property	0.0	0.0	6.5	27.4	—
+ Purchase of Investments (Equity / Debt)	-10,981.6	10,703.9	14,238.2	12,540.7	—
+ Sale of Investments (Equity / Debt)	-11,352.1	11,588.8	13,689.7	13,090.6	—
+ Acq of Subsidiaries / Businesses (net)	11.4	53.3	30.3	498.6	—
+ Loans & Advances Made	0.4	6.6	0.0	0.0	—
+ Loans & Advances Repaid	1.2	0.0	4.2	0.0	—
+ Dividends Received — Investing	0.5	0.6	0.8	0.9	—
+ Interest Received — Investing	16.8	62.1	53.4	27.9	—
+ Other Inflows / (Outflows) — Investing	-337.7	0.0	0.0	0.0	—
Cash from Investing Activities	-1,671.3	-666.7	-1,964.3	-1,033.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	1,650.0	0.0	—
+ Proceeds from Other Equity Instruments	0.0	0.0	0.0	300.0	—
+ Proceeds from Borrowings	7,710.2	9,519.5	8,851.4	14,283.3	—
+ Repayment of Borrowings	6,829.0	8,801.2	10,094.2	14,205.0	—
+ Payment of Lease Liabilities	0.0	0.0	51.6	65.5	—
+ Payment of Finance Lease Liabilities	36.9	51.3	—	—	—
+ Interest Paid	211.1	489.6	472.9	375.2	—
+ Dividends Paid	325.3	380.1	422.1	379.7	—
+ Other Inflows / (Outflows) — Financing	-27.6	0.0	-30.3	0.0	—
Cash from Financing Activities	280.3	-202.7	-569.7	-442.0	—
Net Changes in Cash (pre-FX)	-96.6	795.0	-737.7	11.6	—
+ Effect of FX Rate Changes on Cash	5.8	11.6	43.4	215.2	—
Net Changes in Cash	-90.8	806.6	-694.3	226.9	—
Closing Cash	467.6	1,315.3	—	627.4	—
Reference Items
EBITDA	1,767.5	2,557.9	2,693.9	2,926.7	2,963.2
EBITDA Margin %	13.69	16.31	17.81	17.41	16.89
Free Cash Flow (CFO − Capex)	298.3	140.4	345.9	346.1	346.1
Free Cash Flow to Equity	—	320.6	-1,360.7	557.1	—
Free Cash Flow per Basic Share	6.24	2.94	7.23	7.24	7.24
Price to Free Cash Flow	—	—	—	—	234.82
Cash Flow to Net Income	2.55	1.83	1.97	1.36	—
Cash Paid for Taxes	417.2	518.5	605.0	564.6	—
Cash Paid for Interest	211.1	489.6	472.9	375.2	—

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.

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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%.