JSW Infrastructure cash flow

Latest FY26

Cash from operations: ₹2,022cr−3.8% on FY25
Capital spending: ₹2,492cr+20.0% on FY25
Free cash flow: −₹470cr₹24.9 cr in FY25
Cash from financing: ₹227cr−₹521 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

Adjustments to reconcile profit — non-cash items
	—	614	547	436	391
	—	383	266	332	596
	—	−275	−229	−190	−120
	—	−10.1	−83.5	−6.6	—
	—	23.2	63.6	149	—
	—	0.0	0.0	−21.4	—
	—	80.1	3.8	0.0	—
Changes in working capital
	—	−13.5	−19.3	−9.6	−16.8
	—	−213	−72.9	−248	—
	—	−84.3	200	212	260
	—	23.1	−35.7	−28.8	—
	—	−94.8	−10.1	28.4	—
	—	61.6	−58.1	−67.3	74.6
Cash from operating activities
	1,831	1,873	1,803	1,465	811
	—	495	571	586	—
	—	2,368	2,374	2,051	1,978
	—	347	274	248	181
	—	2,022	2,100	1,803	—
Cash from investing activities
	—	2,492	2,076	249	—
	—	3.3	1.0	0.2	—
	—	1.8	0.0	3.8	—
	—	2.0	3.3	3.2	—
	—	0.0	959	1,857	—
	—	284	253	139	171
	—	142	1,086	−2,235	—
	—	−2,062	−1,691	−4,202	—
Cash from financing activities
	—	0.0	0.0	2,800	—
	—	2,850	1,166	1,003	—
	—	2,061	1,194	961	—
	—	59.2	43.7	40.2	32.3
	—	327	306	248	273
	—	168	116	0.0	—
	—	−7.9	−27.9	−49.6	—
	—	227	−521	2,504	—
	—	187	−112	105	—
	—	187	−112	105	—
	—	798	611	723	619
Reference items
	2,761	2,604	2,262	1,965	811
	47.6%	48.6%	50.5%	52.2%	—
	−470	−470	24.9	1,555	—
	—	954	−3.5	1,444	—
	−₹2.25	−₹2.25	₹0.12	₹7.45	—
	—	1.31×	1.38×	1.55×	—
	—	347	274	248	181
	—	327	306	248	273

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

alphave

JSWINFRA₹316.20

JSW Infrastructure Ltd.

· Consumer Services

₹ CrorePeersADANIPORTS ITCHOTELS VMM LENSKART JUBLFOOD IRCTC CONCOR NYKAAMcap ₹65,934 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	391.2	436.5	546.6	614.1	—
+ Finance Costs	596.1	332.5	265.7	383.0	—
+ Interest Income	-120.0	-190.0	-229.0	-274.7	—
+ Fair Value (Gains) / Losses	—	-6.6	-83.5	-10.1	—
+ Share-based Payments	—	148.9	63.6	23.2	—
+ Other — Cash Effects are Investing / Financing	—	-21.4	0.0	0.0	—
+ Other Reconciling Items	—	0.0	3.8	80.1	—
Changes in Working Capital
+ Inventories	-16.8	-9.6	-19.3	-13.5	—
+ Trade Receivables — Current	—	-248.4	-72.9	-212.6	—
+ Other Current Assets	260.0	211.5	200.2	-84.3	—
+ Trade Payables — Current	—	-28.8	-35.7	23.1	—
+ Other Current Liabilities	—	28.4	-10.1	-94.8	—
+ Provisions — Current	74.6	-67.3	-58.1	61.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	811.0	1,465.0	1,802.8	1,872.8	1,830.9
+ Total Adjustments (incl. Working Capital)	—	585.7	571.2	495.2	—
Cash from Operations (pre-tax)	1,977.9	2,050.8	2,374.1	2,368.1	—
+ Income Taxes Paid	180.7	247.6	273.6	346.6	—
Cash from Operating Activities	—	1,803.2	2,100.4	2,021.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	—	248.7	2,075.6	2,491.6	—
+ Disp of Fixed Assets	—	0.2	1.0	3.3	—
+ Acq of Other Long-term Assets	—	3.8	0.0	1.8	—
+ Disp of Other Long-term Assets	—	3.2	3.3	2.0	—
+ Acq of Subsidiaries / Businesses (net)	—	1,857.2	958.8	0.0	—
+ Interest Received — Investing	171.5	139.0	252.9	283.6	—
+ Other Inflows / (Outflows) — Investing	—	-2,235.1	1,086.0	142.4	—
Cash from Investing Activities	—	-4,202.4	-1,691.2	-2,062.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	—	2,800.0	0.0	0.0	—
+ Proceeds from Borrowings	—	1,002.7	1,166.4	2,850.1	—
+ Repayment of Borrowings	—	961.1	1,194.1	2,060.9	—
+ Payment of Lease Liabilities	32.3	40.2	43.7	59.2	—
+ Interest Paid	272.7	247.9	306.5	327.0	—
+ Dividends Paid	—	0.0	115.5	168.0	—
+ Other Inflows / (Outflows) — Financing	—	-49.6	-27.9	-7.9	—
Cash from Financing Activities	—	2,503.9	-521.3	227.2	—
Net Changes in Cash (pre-FX)	—	104.7	-112.1	186.5	—
Net Changes in Cash	—	104.7	-112.1	186.5	—
Closing Cash	618.7	723.4	611.3	797.8	—
Reference Items
EBITDA	811.0	1,964.6	2,262.2	2,603.7	2,761.2
EBITDA Margin %	—	52.21	50.54	48.56	47.62
Free Cash Flow (CFO − Capex)	—	1,554.5	24.9	-470.1	-470.1
Free Cash Flow to Equity	—	1,443.6	-3.5	953.9	—
Free Cash Flow per Basic Share	—	7.45	0.12	-2.25	-2.25
Cash Flow to Net Income	—	1.55	1.38	1.31	—
Cash Paid for Taxes	180.7	247.6	273.6	346.6	—
Cash Paid for Interest	272.7	247.9	306.5	327.0	—

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%.