IIFL Capital Services cash flow

Latest FY26

Cash from operations: −₹1,070cr₹871 cr in FY25
Capital spending: ₹28.3cr−41.2% on FY25
Free cash flow: −₹1,098cr₹823 cr in FY25
Cash from financing: ₹568cr−₹490 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.
	—	65.1	54.9	114	66.8
	—	210	180	148	75.6
	—	−21.0	−9.6	−4.7	−2.6
	—	−3.5	−0.3	−0.2	−0.3
	—	−62.6	−105	−49.6	−5.1
	—	77.0	86.8	8.1	5.0
	—	0.7	0.4	0.2	0.7
	—	249	224	242	92.9
	—	−90.9	−44.6	−7.8	−2.9
	—	−29.7	−27.0	−9.9	−7.6
	—	−630	−172	−934	−259
	—	−38.5	−9.0	−46.6	−17.6
	—	−1,240	678	−1,353	−45.2
	—	−218	−236	−81.9	−91.0
	—	149	−517	1,366	−856
	—	−41.0	47.5	−2.3	16.8
	—	−0.9	−0.7	−6.6	−6.4
Cash from operating activities
	822	756	925	683	341
	—	−1,625	150	−618	−1,036
	—	−868	1,074	64.1	−695
	—	201	203	182	98.3
	—	−1,070	871	−118	−793
Cash from investing activities
	—	28.3	48.2	31.2	13.2
	—	162	99.5	10.6	7.8
	—	46.3	20.3	58.1	5.5
	—	205	−202	38.7	148
	—	3.5	0.3	0.2	0.3
	—	21.0	9.6	4.9	2.6
	—	−2.8	−16.4	−39.0	23.1
	—	314	−177	−73.9	163
Cash from financing activities
	—	14.4	16.3	9.1	5.7
	—	932	267	683	0.0
	—	48.6	483	15.0	121
	—	38.7	26.2	13.9	15.9
	—	199	171	142	72.5
	—	93.4	92.9	92.3	91.5
	—	0.3	0.3	1.5	0.0
	—	568	−490	430	−296
	—	−187	204	239	−925
	—	−187	204	239	−925
	—	425	612	408	169
Reference items
	930	848	997	874	465
	36.1%	35.0%	41.5%	40.5%	34.4%
	−1,098	−1,098	823	−149	−806
	—	−413	435	377	—
	−₹35.25	−₹35.25	₹26.42	−₹4.78	−₹25.89
	—	−1.90×	1.22×	−0.23×	−3.17×
	—	201	203	182	98.3
	—	199	171	142	72.5

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

alphave

IIFLCAPS₹347.75

IIFL Capital Services Ltd.

· Banking & Finance

₹ CrorePeersMOTILALOFS ANGELONE JMFINANCIL INDIASHLTR JSFB FEDFINA EQUITASBNK KTKBANKMcap ₹10,830 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	66.8	113.8	54.9	65.1	—
+ Finance Costs	75.6	148.0	180.0	209.7	—
+ Interest Income	-2.6	-4.7	-9.6	-21.0	—
+ Dividend Income	-0.3	-0.2	-0.3	-3.5	—
+ Fair Value (Gains) / Losses	-5.1	-49.6	-105.0	-62.6	—
+ Share-based Payments	5.0	8.1	86.8	77.0	—
+ Unrealised FX (Gain) / Loss	0.7	0.2	0.4	0.7	—
+ Other Non-cash Items	92.9	241.8	224.0	248.7	—
+ Other — Cash Effects are Investing / Financing	-2.9	-7.8	-44.6	-90.9	—
Changes in Working Capital
+ Trade Receivables — Current	-7.6	-9.9	-27.0	-29.7	—
+ Other Financial Assets — Current	-258.8	-934.3	-172.2	-629.9	—
+ Other Current Assets	-17.6	-46.6	-9.0	-38.5	—
+ Other Bank Balances	-45.2	-1,352.8	677.6	-1,239.8	—
+ Trade Payables — Current	-91.0	-81.9	-236.4	-217.6	—
+ Other Financial Liabilities — Current	-856.0	1,366.4	-517.1	149.5	—
+ Other Current Liabilities	16.8	-2.3	47.5	-41.0	—
+ Provisions — Current	-6.4	-6.6	-0.7	-0.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	340.9	682.6	924.6	756.3	822.4
+ Total Adjustments (incl. Working Capital)	-1,035.6	-618.5	149.5	-1,624.7	—
Cash from Operations (pre-tax)	-694.7	64.1	1,074.1	-868.4	—
+ Income Taxes Paid	98.3	181.7	203.2	201.2	—
Cash from Operating Activities	-793.0	-117.6	870.9	-1,069.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	13.2	31.2	48.2	28.3	—
+ Disp of Fixed Assets	7.8	10.6	99.5	162.3	—
+ Purchase of Investments (Equity / Debt)	5.5	58.1	20.3	46.3	—
+ Sale of Investments (Equity / Debt)	148.0	38.7	-201.5	205.0	—
+ Dividends Received — Investing	0.3	0.2	0.3	3.5	—
+ Interest Received — Investing	2.6	4.9	9.6	21.0	—
+ Other Inflows / (Outflows) — Investing	23.1	-39.0	-16.4	-2.8	—
Cash from Investing Activities	163.1	-73.9	-177.0	314.4	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	5.7	9.1	16.3	14.4	—
+ Proceeds from Borrowings	0.0	683.1	266.6	932.3	—
+ Repayment of Borrowings	121.4	15.0	483.2	48.6	—
+ Payment of Lease Liabilities	15.9	13.9	26.2	38.7	—
+ Interest Paid	72.5	142.1	170.9	198.5	—
+ Dividends Paid	91.5	92.3	92.9	93.4	—
+ Other Inflows / (Outflows) — Financing	0.0	1.5	0.3	0.3	—
Cash from Financing Activities	-295.5	430.3	-490.0	567.7	—
Net Changes in Cash (pre-FX)	-925.4	238.8	203.9	-187.4	—
Net Changes in Cash	-925.4	238.8	203.9	-187.4	—
Closing Cash	169.4	408.3	612.2	424.8	—
Reference Items
EBITDA	465.0	874.4	997.1	848.0	930.5
EBITDA Margin %	34.39	40.46	41.46	35.04	36.12
Free Cash Flow (CFO − Capex)	-806.2	-148.8	822.7	-1,097.9	-1,097.9
Free Cash Flow to Equity	—	377.1	435.2	-412.8	—
Free Cash Flow per Basic Share	-25.89	-4.78	26.42	-35.25	-35.25
Cash Flow to Net Income	-3.17	-0.23	1.22	-1.90	—
Cash Paid for Taxes	98.3	181.7	203.2	201.2	—
Cash Paid for Interest	72.5	142.1	170.9	198.5	—

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%.