JSW Energy cash flow

Latest FY26

Cash from operations: ₹9,898cr+157.9% on FY25
Capital spending: ₹10,310cr+53.7% on FY25
Free cash flow: −₹412cr−₹2,870 cr in FY25
Cash from financing: ₹10,617cr−47.5% 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.
	—	3,185	1,655	1,633	1,169
	—	22.0	15.9	36.6	0.0
	—	5,816	2,269	2,053	844
	—	0.0	0.0	−223	−145
	—	0.0	0.0	−23.8	−122
	—	−37.0	−0.8	0.0	−1.7
	—	52.5	36.6	24.6	24.7
	—	49.5	122	0.0	13.4
	—	0.0	0.0	0.0	−142
	—	−208	−149	−40.6	0.0
	—	−55.3	211	149	−59.9
	—	−194	−727	639	−502
	—	−161	−951	107	0.0
	—	0.0	0.0	0.0	−164
	—	122	−121	113	−408
Cash from operating activities
	2,050	1,974	2,191	2,150	1,924
	—	8,592	2,361	4,469	508
	—	10,566	4,552	6,619	2,432
	—	−362	−333	0.0	0.0
	—	−19.8	−51.3	0.0	0.0
	—	286	329	386	347
	—	9,898	3,838	6,234	2,084
Cash from investing activities
	—	10,310	6,709	8,033	4,236
	—	199	1.6	0.0	0.3
	—	0.0	0.0	0.7	0.0
	—	0.0	0.0	0.5	0.0
	—	89.3	118	0.0	0.0
	—	0.3	0.5	23.3	0.0
	—	9,623	16,887	0.0	0.0
	—	63.9	122	82.7	0.0
	—	76.0	88.0	−70.0	0.0
	—	3.2	0.0	0.0	−120
	—	19.8	51.3	23.8	−122
	—	373	320	189	−234
	—	−832	−306	−675	−2,298
	—	−20,271	−23,613	−8,318	−7,009
Cash from financing activities
	—	1,125	4,944	0.0	3.4
	—	1.5	2.2	−10.7	0.0
	—	20,466	21,406	11,093	9,708
	—	4,579	2,981	6,723	970
	—	156	64.0	29.7	9.9
	—	5,956	2,721	2,308	1,076
	—	364	364	347	329
	—	78.7	0.0	124	233
	—	10,617	20,223	1,798	7,560
	—	245	449	−286	2,634
	—	1,748	623	−3.0	−0.8
	—	1,993	1,072	−289	2,634
	—	—	—	4,180	4,469
Reference items
	10,770	10,064	5,221	5,382	3,282
	53.4%	53.3%	44.5%	46.9%	31.8%
	−412	−412	−2,870	−1,799	−2,152
	—	19,857	12,704	2,402	—
	−₹2.35	−₹2.35	−₹16.34	−₹10.24	−₹12.25
	—	3.58×	1.94×	3.61×	1.41×
	—	286	329	386	347
	—	5,956	2,721	2,308	1,076

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

alphave

JSWENERGY₹510.00

JSW Energy Ltd.

· Energy & Power

₹ CrorePeersTATAPOWER ADANIPOWER NTPC NHPC ADANIENSOL ADANIGREEN POWERGRID CLEANMAXMcap ₹89,565 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	1,169.2	1,633.4	1,654.6	3,185.3	—
+ Impairment Loss / (Reversal)	0.0	36.6	15.9	22.0	—
+ Finance Costs	844.3	2,053.4	2,269.1	5,816.5	—
+ Interest Income	-145.0	-223.1	0.0	0.0	—
+ Dividend Income	-121.5	-23.8	0.0	0.0	—
+ Fair Value (Gains) / Losses	-1.7	0.0	-0.8	-37.0	—
+ Share-based Payments	24.7	24.6	36.6	52.5	—
+ Unrealised FX (Gain) / Loss	13.4	0.0	121.9	49.5	—
+ Other Non-cash Items	-141.8	0.0	0.0	0.0	—
+ Other Reconciling Items	0.0	-40.6	-148.7	-208.4	—
Changes in Working Capital
+ Inventories	-59.9	148.8	210.7	-55.3	—
+ Trade Receivables — Current	-501.6	639.4	-726.9	-194.3	—
+ Other Current Assets	0.0	107.4	-951.2	-160.7	—
+ Other Non-current Assets	-163.5	0.0	0.0	0.0	—
+ Trade Payables — Current	-408.5	113.0	-120.5	121.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,923.6	2,150.4	2,191.2	1,974.1	2,050.5
+ Total Adjustments (incl. Working Capital)	508.0	4,468.9	2,360.8	8,591.6	—
Cash from Operations (pre-tax)	2,431.6	6,619.3	4,551.9	10,565.7	—
+ Interest Received — Operating	0.0	0.0	-333.1	-361.7	—
+ Dividends Received — Operating	0.0	0.0	-51.3	-19.8	—
+ Income Taxes Paid	347.3	385.7	329.1	285.9	—
Cash from Operating Activities	2,084.3	6,233.6	3,838.5	9,898.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	4,236.3	8,032.8	6,708.6	10,310.5	—
+ Disp of Fixed Assets	0.3	0.0	1.6	199.0	—
+ Disp of Investment Property	0.0	0.7	0.0	0.0	—
+ Disp of Other Long-term Assets	0.0	0.5	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	117.7	89.3	—
+ Sale of Investments (Equity / Debt)	0.0	23.3	0.5	0.3	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	16,887.3	9,622.5	—
+ Disp of Subsidiaries / Businesses (net)	0.0	82.7	121.6	63.9	—
+ Loans & Advances Made	0.0	-70.0	88.0	76.0	—
+ Loans & Advances Repaid	-120.0	0.0	0.0	3.2	—
+ Dividends Received — Investing	-121.5	23.8	51.3	19.8	—
+ Interest Received — Investing	-234.2	189.4	319.5	373.0	—
+ Other Inflows / (Outflows) — Investing	-2,297.7	-675.3	-305.9	-831.8	—
Cash from Investing Activities	-7,009.5	-8,317.7	-23,612.9	-20,270.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	3.4	0.0	4,944.5	1,125.0	—
+ Proceeds from Exercise of Stock Options	0.0	-10.7	2.2	1.5	—
+ Proceeds from Borrowings	9,707.8	11,093.5	21,406.0	20,466.4	—
+ Repayment of Borrowings	970.1	6,723.3	2,980.8	4,578.6	—
+ Payment of Lease Liabilities	9.9	29.7	64.0	156.0	—
+ Interest Paid	1,075.8	2,308.2	2,720.7	5,955.7	—
+ Dividends Paid	328.8	346.8	363.9	363.9	—
+ Other Inflows / (Outflows) — Financing	233.0	123.6	0.0	78.7	—
Cash from Financing Activities	7,559.6	1,798.4	20,223.4	10,617.5	—
Net Changes in Cash (pre-FX)	2,634.4	-285.7	449.0	245.0	—
+ Effect of FX Rate Changes on Cash	-0.8	-3.0	623.1	1,748.0	—
Net Changes in Cash	2,633.6	-288.7	1,072.1	1,992.9	—
Closing Cash	4,468.7	4,180.1	—	—	—
Reference Items
EBITDA	3,281.8	5,381.8	5,220.8	10,064.4	10,770.0
EBITDA Margin %	31.76	46.86	44.45	53.25	53.43
Free Cash Flow (CFO − Capex)	-2,152.0	-1,799.1	-2,870.1	-412.2	-412.2
Free Cash Flow to Equity	—	2,402.1	12,703.9	19,857.0	—
Free Cash Flow per Basic Share	-12.25	-10.24	-16.34	-2.35	-2.35
Cash Flow to Net Income	1.41	3.61	1.94	3.58	—
Cash Paid for Taxes	347.3	385.7	329.1	285.9	—
Cash Paid for Interest	1,075.8	2,308.2	2,720.7	5,955.7	—

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%.