HDFC Asset Management Company cash flow

Latest FY26

Cash from operations: ₹2,528cr+21.8% on FY25
Capital spending: ₹22.6cr−49.5% on FY25
Free cash flow: ₹2,505cr+23.4% on FY25
Cash from financing: −₹1,886cr−₹1,475 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.
	—	72.9	58.5	52.3	53.3
	—	13.3	9.4	9.1	9.7
	—	−40.6	−21.9	−28.3	−30.7
	—	−1.1	−0.8	−0.2	−0.2
	—	−407	−496	−531	−260
	—	69.4	22.5	47.1	40.1
	—	−0.1	0.0	0.0	−0.0
	—	0.0	0.0	31.4	0.4
	—	−50.7	−46.9	−15.5	−21.3
	—	−24.9	−40.4	90.5	−109
	—	−13.8	−2.6	−0.2	−1.0
	—	7.2	1.1	4.5	6.5
	—	9.6	19.5	6.1	1.2
	—	4.7	4.3	3.9	0.8
Cash from operating activities
	3,913	3,709	3,286	2,475	1,870
	—	−361	−493	−331	−311
	—	3,348	2,792	2,144	1,560
	—	820	717	530	410
	—	2,528	2,075	1,615	1,149
Cash from investing activities
	—	19.6	39.7	14.0	7.4
	—	3.1	5.1	5.0	6.7
	—	0.4	0.1	0.1	0.1
	—	47.3	0.0	0.0	0.0
	—	36.5	0.0	0.0	0.0
	—	5,478	4,026	3,635	3,310
	—	4,826	3,450	3,102	3,074
	—	1.1	0.8	0.2	0.2
	—	41.4	21.2	35.8	35.4
	—	0.0	0.7	−26.7	−1.6
	—	−643	−598	−542	−217
Cash from financing activities
	—	97.5	69.3	4.0	9.8
	—	57.3	49.4	45.5	43.8
	—	1,925	1,495	1,025	896
	—	−0.8	0.0	0.0	0.0
	—	−1,886	−1,475	−1,066	−930
	—	−1.1	1.7	6.3	2.6
	—	0.6	0.1	−0.4	−0.1
	—	−0.6	1.8	5.9	2.6
	—	11.6	12.1	10.3	4.5
Reference items
	3,502	3,295	2,792	1,957	1,617
	79.6%	79.9%	79.8%	75.7%	74.6%
	2,505	2,505	2,030	1,596	1,135
	₹58.48	₹58.48	₹47.39	₹37.25	₹26.50
	39.62×	—	—	—	—
	—	0.88×	0.84×	0.83×	0.81×
	—	820	717	530	410

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

alphave

HDFCAMC₹2,316.70

HDFC Asset Management Company Ltd.

· Banking & Finance

₹ CrorePeersNAM-INDIA UTIAMC ABSLAMC IRFC BAJAJHLDNG TATACAP RECLTD PFCMcap ₹99,247 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	53.3	52.3	58.5	72.9	—
+ Finance Costs	9.7	9.1	9.4	13.3	—
+ Interest Income	-30.7	-28.3	-21.9	-40.6	—
+ Dividend Income	-0.2	-0.2	-0.8	-1.1	—
+ Fair Value (Gains) / Losses	-260.1	-531.2	-496.2	-406.9	—
+ Share-based Payments	40.1	47.1	22.5	69.4	—
+ Unrealised FX (Gain) / Loss	-0.0	0.0	0.0	-0.1	—
+ Other Non-cash Items	0.4	31.4	0.0	0.0	—
+ Other Reconciling Items	-21.3	-15.5	-46.9	-50.7	—
Changes in Working Capital
+ Trade Receivables — Non-current	-109.2	90.5	-40.4	-24.9	—
+ Other Financial Assets — Non-current	-1.0	-0.2	-2.6	-13.8	—
+ Trade Payables — Non-current	6.5	4.5	1.1	7.2	—
+ Other Financial Liabilities — Non-current	1.2	6.1	19.5	9.6	—
+ Provisions — Non-current	0.8	3.9	4.3	4.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,870.1	2,475.0	3,285.6	3,709.2	3,913.2
+ Total Adjustments (incl. Working Capital)	-310.5	-330.6	-493.4	-361.0	—
Cash from Operations (pre-tax)	1,559.6	2,144.5	2,792.2	3,348.2	—
+ Income Taxes Paid	410.2	529.8	717.4	820.4	—
Cash from Operating Activities	1,149.4	1,614.7	2,074.8	2,527.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	7.4	14.0	39.7	19.6	—
+ Acq of Intangible Assets	6.7	5.0	5.1	3.1	—
+ Disp of Fixed Assets	0.1	0.1	0.1	0.4	—
+ Acq of Other Long-term Assets	0.0	0.0	0.0	47.3	—
+ Disp of Other Long-term Assets	0.0	0.0	0.0	36.5	—
+ Purchase of Investments (Equity / Debt)	3,310.3	3,634.8	4,026.0	5,478.2	—
+ Sale of Investments (Equity / Debt)	3,073.5	3,102.2	3,450.0	4,825.6	—
+ Dividends Received — Investing	0.2	0.2	0.8	1.1	—
+ Interest Received — Investing	35.4	35.8	21.2	41.4	—
+ Other Inflows / (Outflows) — Investing	-1.6	-26.7	0.7	0.0	—
Cash from Investing Activities	-216.8	-542.2	-598.1	-643.2	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	9.8	4.0	69.3	97.5	—
+ Payment of Lease Liabilities	43.8	45.5	49.4	57.3	—
+ Dividends Paid	895.9	1,024.7	1,495.1	1,925.2	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	0.0	-0.8	—
Cash from Financing Activities	-929.9	-1,066.2	-1,475.1	-1,885.8	—
Net Changes in Cash (pre-FX)	2.6	6.3	1.7	-1.1	—
+ Effect of FX Rate Changes on Cash	-0.1	-0.4	0.1	0.6	—
Net Changes in Cash	2.6	5.9	1.8	-0.6	—
Closing Cash	4.5	10.3	12.1	11.6	—
Reference Items
EBITDA	1,617.3	1,957.4	2,791.9	3,295.3	3,501.8
EBITDA Margin %	74.64	75.74	79.80	79.94	79.65
Free Cash Flow (CFO − Capex)	1,135.3	1,595.7	2,030.0	2,505.2	2,505.2
Free Cash Flow per Basic Share	26.50	37.25	47.39	58.48	58.48
Price to Free Cash Flow	—	—	—	—	39.62
Cash Flow to Net Income	0.81	0.83	0.84	0.88	—
Cash Paid for Taxes	410.2	529.8	717.4	820.4	—

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%.