Emkay Global Financial Services cash flow

Latest FY26

Cash from operations: −₹71.7cr−₹2.1 cr in FY25
Capital spending: ₹8.8cr+27.7% on FY25
Free cash flow: −₹80.5cr−₹9.0 cr in FY25
Cash from financing: ₹85.9cr+689.9% 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.
	—	13.4	11.6	9.8	9.2
	—	0.2	−0.2	−0.0	0.0
	—	11.9	5.9	4.0	3.7
	—	−0.8	−0.7	−2.5	−1.5
	—	0.0	0.0	−0.0	−0.1
	—	−0.6	−1.9	−2.1	−0.5
	—	2.9	3.7	1.1	−0.1
	—	3.5	0.7	0.4	0.6
	—	0.0	0.0	0.0	0.1
	—	1.3	0.9	0.7	0.3
	—	0.0	0.0	2.1	0.0
	—	0.0	0.9	−0.6	0.8
	—	−78.1	31.0	−19.9	−16.4
	—	−14.5	−254	−93.6	4.0
	—	−3.3	−0.2	2.1	−7.1
	—	−21.4	16.6	16.8	−11.2
	—	−375	42.2	−216	−1.0
	—	47.7	−5.4	88.6	−16.4
	—	373	46.8	177	−11.0
	—	−30.5	40.5	3.6	−3.3
	—	−3.0	2.8	−0.0	−18.4
	—	−3.4	4.5	13.9	−1.5
Cash from operating activities
	65.4	21.2	60.7	42.4	12.5
	—	−77.1	−54.2	−14.7	−70.0
	—	−55.9	6.6	27.7	−57.4
	—	15.8	8.7	5.5	6.0
	—	−71.7	−2.1	22.2	−63.4
Cash from investing activities
	—	8.8	6.9	8.6	7.8
	—	0.0	0.0	0.0	0.2
	—	5.4	5.4	0.4	0.0
	—	0.0	0.0	0.0	11.0
	—	0.0	1.5	0.0	0.0
	—	0.0	0.0	0.0	0.1
	—	0.8	0.7	2.5	1.5
	—	0.1	−0.1	0.3	0.1
	—	−13.2	−10.1	−6.2	5.1
Cash from financing activities
	—	15.2	6.7	0.4	0.0
	—	0.0	0.0	0.0	0.0
	—	44.2	46.0	0.0	0.0
	—	0.0	0.0	17.6	4.0
	—	0.0	32.6	0.0	0.0
	—	4.9	4.7	4.1	3.4
	—	11.9	5.9	4.0	3.7
	—	10.2	3.7	2.5	3.1
	—	0.0	0.0	0.0	0.7
	—	53.5	5.0	−5.0	−0.0
	—	85.9	10.9	2.4	−6.9
	—	1.0	−1.4	18.3	−65.2
	—	0.0	0.0	−0.0	−0.0
	—	1.0	−1.4	18.3	−65.3
	—	—	—	47.8	29.5
Reference items
	77.2	28.2	54.3	24.6	13.5
	16.1%	7.5%	16.1%	8.7%	6.7%
	−80.5	−80.5	−9.0	13.5	−71.3
	—	−49.6	1.4	19.4	—
	−₹30.73	−₹30.73	−₹3.42	₹5.16	−₹27.21
	—	−4.72×	−0.04×	0.68×	−4.51×
	—	15.8	8.7	5.5	6.0
	—	11.9	5.9	4.0	3.7

Open the chart

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

alphave

EMKAY₹260.40

Emkay Global Financial Services Limited

· Banking & Finance

₹ CrorePeersBIRLAMONEY INDOTHAI ARIHANTCAP MASTERTR DAMCAPITAL DOLATALGO ALMONDZ IVCMcap ₹682 Cr

View

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	9.2	9.8	11.6	13.4	—
+ Impairment Loss / (Reversal)	0.0	-0.0	-0.2	0.2	—
+ Finance Costs	3.7	4.0	5.9	11.9	—
+ Interest Income	-1.5	-2.5	-0.7	-0.8	—
+ Dividend Income	-0.1	-0.0	0.0	0.0	—
+ Fair Value (Gains) / Losses	-0.5	-2.1	-1.9	-0.6	—
+ Share-based Payments	-0.1	1.1	3.7	2.9	—
+ Unrealised FX (Gain) / Loss	0.6	0.4	0.7	3.5	—
+ Undistributed Profits of Associates	0.1	0.0	0.0	0.0	—
+ Other Non-cash Items	0.3	0.7	0.9	1.3	—
+ Other Reconciling Items	0.0	2.1	0.0	0.0	—
Changes in Working Capital
+ Inventories	0.8	-0.6	0.9	0.0	—
+ Trade Receivables — Current	-16.4	-19.9	31.0	-78.1	—
+ Other Financial Assets — Current	4.0	-93.6	-253.9	-14.5	—
+ Other Current Assets	-7.1	2.1	-0.2	-3.3	—
+ Other Non-current Assets	-11.2	16.8	16.6	-21.4	—
+ Other Bank Balances	-1.0	-215.9	42.2	-375.4	—
+ Trade Payables — Current	-16.4	88.6	-5.4	47.7	—
+ Other Financial Liabilities — Current	-11.0	176.7	46.8	373.2	—
+ Other Current Liabilities	-3.3	3.6	40.5	-30.5	—
+ Other Non-current Liabilities	-18.4	-0.0	2.8	-3.0	—
+ Provisions — Current	-1.5	13.9	4.5	-3.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	12.5	42.4	60.7	21.2	65.4
+ Total Adjustments (incl. Working Capital)	-70.0	-14.7	-54.2	-77.1	—
Cash from Operations (pre-tax)	-57.4	27.7	6.6	-55.9	—
+ Income Taxes Paid	6.0	5.5	8.7	15.8	—
Cash from Operating Activities	-63.4	22.2	-2.1	-71.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	7.8	8.6	6.9	8.8	—
+ Disp of Fixed Assets	0.2	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.4	5.4	5.4	—
+ Sale of Investments (Equity / Debt)	11.0	0.0	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	1.5	0.0	—
+ Dividends Received — Investing	0.1	0.0	0.0	0.0	—
+ Interest Received — Investing	1.5	2.5	0.7	0.8	—
+ Other Inflows / (Outflows) — Investing	0.1	0.3	-0.1	0.1	—
Cash from Investing Activities	5.1	-6.2	-10.1	-13.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.4	6.7	15.2	—
+ Proceeds from Exercise of Stock Options	0.0	0.0	0.0	0.0	—
+ Proceeds from Debentures / Notes / Bonds	0.0	0.0	46.0	44.2	—
+ Proceeds from Borrowings	4.0	17.6	0.0	0.0	—
+ Repayment of Borrowings	0.0	0.0	32.6	0.0	—
+ Payment of Lease Liabilities	3.4	4.1	4.7	4.9	—
+ Interest Paid	3.7	4.0	5.9	11.9	—
+ Dividends Paid	3.1	2.5	3.7	10.2	—
+ Income Taxes (Paid) / Refund — Financing	0.7	0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Financing	-0.0	-5.0	5.0	53.5	—
Cash from Financing Activities	-6.9	2.4	10.9	85.9	—
Net Changes in Cash (pre-FX)	-65.2	18.3	-1.4	1.0	—
+ Effect of FX Rate Changes on Cash	-0.0	-0.0	0.0	0.0	—
Net Changes in Cash	-65.3	18.3	-1.4	1.0	—
Closing Cash	29.5	47.8	—	—	—
Reference Items
EBITDA	13.5	24.6	54.3	28.2	77.2
EBITDA Margin %	6.67	8.70	16.14	7.49	16.12
Free Cash Flow (CFO − Capex)	-71.3	13.5	-9.0	-80.5	-80.5
Free Cash Flow to Equity	—	19.4	1.4	-49.6	—
Free Cash Flow per Basic Share	-27.21	5.16	-3.42	-30.73	-30.73
Cash Flow to Net Income	-4.51	0.68	-0.04	-4.72	—
Cash Paid for Taxes	6.0	5.5	8.7	15.8	—
Cash Paid for Interest	3.7	4.0	5.9	11.9	—

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 ✓ 95%.