Indian Railway Finance Corporation cash flow

Latest FY26

Cash from operations: −₹27,026cr₹8,230 cr in FY25
Cash from investing: −₹2.6cr−₹0.1 cr in FY25
Cash from financing: ₹21,560cr−₹2,572 cr in FY25
Capital spending: ₹13.4cr+1,530.5% 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.
	—	6.1	5.3	9.4	14.1
	—	0.0	35.0	45.1	0.0
	—	0.0	−0.7	−0.8	0.0
	—	−20.0	80.8	83.3	97.5
	—	0.0	0.0	0.0	0.6
	—	−155	0.0	0.0	0.0
	—	25.3	−0.3	0.4	0.0
	—	0.0	0.0	−0.3	2.1
	—	−5,075	−24,998	−16,334	0.0
	—	−94,178	0.0	0.0	−43,455
	—	−4,511	26,447	18,031	−557
	—	1,02,333	659	2,545	892
	—	−452	−227	989	0.0
	—	−31,341	0.0	0.0	2,138
	—	−304	−18.3	−65.6	−179
	—	0.0	−2.8	2.7	−11.4
	—	−906	−1,005	−4,183	0.0
	—	0.0	702	298	6,206
	—	210	0.0	0.0	0.0
	—	108	0.0	0.0	−389
	—	8.6	97.4	58.0	0.0
	—	1.5	0.0	0.0	51.2
Cash from operating activities
	7,372	7,009	6,502	6,412	6,337
	—	−34,250	1,774	1,478	−35,190
	—	−27,241	8,276	7,890	−28,853
	—	−0.1	0.0	0.0	0.0
	—	−0.5	0.0	0.0	−0.6
	—	−215	46.1	−23.9	−269
	—	−27,026	8,230	7,914	−28,584
Cash from investing activities
	—	13.4	0.8	8.3	0.8
	—	0.2	0.0	0.0	0.0
	—	0.5	0.7	0.8	0.6
	—	10.0	0.0	0.0	0.3
	—	−2.6	−0.1	−7.5	0.1
Cash from financing activities
	—	13,837	23,705	8,956	21,906
	—	10,469	0.0	−15,041	8,620
	—	0.0	23,277	0.0	0.0
	—	0.0	3.4	0.0	0.0
	—	—	—	7.2	13.2
	—	2,744	3,006	1,960	1,869
	—	−1.7	8.6	6.2	0.0
	—	21,560	−2,572	−8,046	28,643
	—	−5,469	5,658	−140	59.5
	—	−5,469	5,658	−140	59.5
	—	211	5,680	22.8	206
Reference items
	—	−27,040	8,229	7,906	−28,585
	—	−2,699	—	—	—
	—	−₹20.69	₹6.30	₹6.05	−₹21.87
	—	−3.86×	1.27×	1.23×	−4.51×
	—	−215	46.1	−23.9	−269
	—	0.1	—	—	—

Open the chart

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

alphave

IRFC₹75.71

Indian Railway Finance Corporation Ltd.

· Banking & Finance

₹ CrorePeersPFC RECLTD HUDCO HDFCAMC TATACAP BAJAJHLDNG MUTHOOTFIN CHOLAFINMcap ₹98,942 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	14.1	9.4	5.3	6.1	—
+ Finance Costs	0.0	45.1	35.0	0.0	—
+ Dividend Income	0.0	-0.8	-0.7	0.0	—
+ Fair Value (Gains) / Losses	97.5	83.3	80.8	-20.0	—
+ Share-based Payments	0.6	0.0	0.0	0.0	—
+ Unrealised FX (Gain) / Loss	0.0	0.0	0.0	-155.2	—
+ Other Non-cash Items	0.0	0.4	-0.3	25.3	—
+ Other — Cash Effects are Investing / Financing	2.1	-0.3	0.0	0.0	—
Changes in Working Capital
+ Trade Receivables — Current	0.0	-16,333.7	-24,998.2	-5,075.3	—
+ Trade Receivables — Non-current	-43,454.5	0.0	0.0	-94,177.9	—
+ Other Financial Assets — Current	-557.4	18,031.3	26,447.1	-4,510.9	—
+ Other Financial Assets — Non-current	891.7	2,544.6	658.6	1,02,332.5	—
+ Other Current Assets	0.0	988.6	-227.1	-452.2	—
+ Other Non-current Assets	2,137.9	0.0	0.0	-31,341.4	—
+ Other Bank Balances	-178.7	-65.6	-18.3	-303.6	—
+ Trade Payables — Current	-11.4	2.7	-2.8	0.0	—
+ Other Financial Liabilities — Current	0.0	-4,183.2	-1,005.2	-906.0	—
+ Other Financial Liabilities — Non-current	6,206.0	298.2	701.9	0.0	—
+ Other Current Liabilities	0.0	0.0	0.0	210.3	—
+ Other Non-current Liabilities	-388.6	0.0	0.0	108.0	—
+ Provisions — Current	0.0	58.0	97.4	8.6	—
+ Provisions — Non-current	51.2	0.0	0.0	1.5	—
Cash from Operating Activities
Profit Before Tax (per I/S)	6,337.0	6,412.1	6,502.0	7,009.2	7,372.2
+ Total Adjustments (incl. Working Capital)	-35,189.6	1,478.1	1,773.7	-34,250.2	—
Cash from Operations (pre-tax)	-28,852.6	7,890.2	8,275.7	-27,241.0	—
+ Interest Paid — Operating	0.0	0.0	0.0	-0.1	—
+ Dividends Received — Operating	-0.6	0.0	0.0	-0.5	—
+ Income Taxes Paid	-269.3	-23.9	46.1	-215.0	—
Cash from Operating Activities	-28,583.8	7,914.1	8,229.6	-27,026.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	0.8	8.3	0.8	13.4	—
+ Disp of Fixed Assets	0.0	0.0	0.0	0.2	—
+ Dividends Received — Investing	0.6	0.8	0.7	0.5	—
+ Other Inflows / (Outflows) — Investing	0.3	0.0	0.0	10.0	—
Cash from Investing Activities	0.1	-7.5	-0.1	-2.6	—
Cash from Financing Activities
+ Proceeds from Debentures / Notes / Bonds	21,905.5	8,955.8	23,705.3	13,836.8	—
+ Proceeds from Borrowings	8,619.7	-15,041.0	0.0	10,469.4	—
+ Repayment of Borrowings	0.0	0.0	23,276.8	0.0	—
+ Payment of Lease Liabilities	0.0	0.0	3.4	0.0	—
+ Payment of Finance Lease Liabilities	13.2	7.2	—	—	—
+ Dividends Paid	1,868.8	1,960.3	3,005.8	2,744.4	—
+ Other Inflows / (Outflows) — Financing	0.0	6.2	8.6	-1.7	—
Cash from Financing Activities	28,643.3	-8,046.4	-2,572.0	21,560.1	—
Net Changes in Cash (pre-FX)	59.5	-139.9	5,657.5	-5,469.0	—
Net Changes in Cash	59.5	-139.9	5,657.5	-5,469.0	—
Closing Cash	206.0	22.8	5,680.3	211.3	—
Reference Items
Free Cash Flow (CFO − Capex)	-28,584.6	7,905.8	8,228.8	-27,039.8	—
Free Cash Flow to Equity	—	—	—	-2,698.8	—
Free Cash Flow per Basic Share	-21.87	6.05	6.30	-20.69	—
Cash Flow to Net Income	-4.51	1.23	1.27	-3.86	—
Cash Paid for Taxes	-269.3	-23.9	46.1	-215.0	—
Cash Paid for Interest	—	—	—	0.1	—

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 · StandaloneFA 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%.