Maruti Suzuki India cash flow

Latest FY26

Cash from operations: ₹19,100cr+18.4% on FY25
Capital spending: ₹10,398cr−2.3% on FY25
Free cash flow: ₹8,702cr+58.4% on FY25
Cash from financing: −₹4,484cr−₹4,155 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.
	—	6,742	5,608	5,256	2,826
	—	239	194	194	187
	—	−384	−433	−397	−185
	—	−11.1	−9.2	−6.1	−6.0
	—	−3,519	−4,399	−3,601	−1,728
	—	0.0	3.5	−9.5	20.9
	—	0.0	0.0	100	11.5
	—	−186	−62.4	0.0	0.0
	—	87.9	32.7	−90.1	−181
	—	−4,407	−1,595	125	−751
	—	1,236	−1,969	−1,316	−1,258
	—	6.8	82.4	−824	380
	—	−435	−2.2	−58.3	−22.0
	—	−1,598	−1,261	−948	−305
	—	10.1	−1.0	234	−137
	—	5,194	3,509	3,321	2,008
	—	290	538	−388	−307
	—	0.0	0.5	0.1	0.0
	—	820	−8.7	807	256
	—	−107	220	577	404
	—	626	135	133	101
	—	1.0	−17.2	57.3	4.0
Cash from operating activities
	17,147	18,833	19,376	17,170	10,323
	—	4,604	567	3,228	1,161
	—	23,437	19,943	20,398	11,484
	—	4,337	3,807	3,597	2,233
	—	19,100	16,136	16,801	9,251
Cash from investing activities
	—	10,123	10,250	8,916	6,117
	—	275	390	284	231
	—	52.0	37.5	44.6	99.6
	—	0.0	0.0	26.0	102
	—	0.0	0.0	0.0	3,003
	—	1,08,034	73,880	65,710	66,495
	—	1,01,969	69,795	61,933	61,605
	—	0.0	18.0	80.0	0.0
	—	11.1	9.2	6.1	6.0
	—	355	444	372	194
	—	1,311	−203	795	0.0
	—	−14,734	−14,456	−11,865	−8,036
Cash from financing activities
	—	0.0	0.0	0.0	831
	—	0.0	33.1	1,183	0.0
	—	35.9	25.3	0.0	46.0
	—	204	167	147	0.0
	—	4,244	3,930	2,719	1,813
	—	0.0	0.0	−13.4	−186
	—	−4,484	−4,155	−4,062	−1,213
	—	−118	−2,475	874	2.2
	—	−118	−2,475	874	2.2
	—	66.9	185	2,660	37.3
Reference items
	20,809	21,456	20,156	18,526	11,018
	10.0%	11.7%	13.2%	13.1%	9.4%
	8,702	8,702	5,496	7,601	2,904
	—	8,499	5,296	6,271	—
	₹276.79	₹276.79	₹174.80	₹241.77	₹92.37
	41.83×	—	—	—	—
	—	1.30×	1.11×	1.25×	1.13×
	—	4,337	3,807	3,597	2,233
	—	204	167	147	—

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

alphave

MARUTI₹11,579.00

Maruti Suzuki India Ltd.

· Auto & Mobility

₹ CrorePeersM&M HYUNDAI BAJAJ-AUTO EICHERMOT TMPV MOTHERSON BOSCHLTD TVSMOTORMcap ₹3.64L 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	2,825.7	5,255.8	5,608.2	6,741.7	—
+ Finance Costs	187.0	193.6	194.2	238.7	—
+ Interest Income	-185.4	-396.8	-432.9	-383.9	—
+ Dividend Income	-6.0	-6.1	-9.2	-11.1	—
+ Fair Value (Gains) / Losses	-1,727.9	-3,600.5	-4,399.2	-3,519.0	—
+ Unrealised FX (Gain) / Loss	20.9	-9.5	3.5	0.0	—
+ Other Non-cash Items	11.5	100.0	0.0	0.0	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-62.4	-186.0	—
+ Other Reconciling Items	-180.9	-90.1	32.7	87.9	—
Changes in Working Capital
+ Inventories	-751.2	125.4	-1,595.1	-4,407.4	—
+ Trade Receivables — Current	-1,258.1	-1,316.4	-1,969.2	1,236.0	—
+ Other Financial Assets — Current	380.2	-824.1	82.4	6.8	—
+ Other Financial Assets — Non-current	-22.0	-58.3	-2.2	-435.2	—
+ Other Current Assets	-305.2	-947.5	-1,260.7	-1,598.0	—
+ Other Non-current Assets	-136.8	234.1	-1.0	10.1	—
+ Trade Payables — Current	2,007.5	3,321.4	3,509.3	5,193.9	—
+ Other Financial Liabilities — Current	-306.9	-387.5	538.4	290.1	—
+ Other Financial Liabilities — Non-current	0.0	0.1	0.5	0.0	—
+ Other Current Liabilities	256.3	807.4	-8.7	819.7	—
+ Other Non-current Liabilities	403.8	576.7	220.2	-107.2	—
+ Provisions — Current	101.1	133.1	135.3	626.0	—
+ Provisions — Non-current	4.0	57.3	-17.2	1.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	10,323.1	17,170.4	19,376.1	18,833.0	17,146.6
+ Total Adjustments (incl. Working Capital)	1,161.1	3,227.8	566.9	4,604.1	—
Cash from Operations (pre-tax)	11,484.2	20,398.2	19,943.0	23,437.1	—
+ Income Taxes Paid	2,232.8	3,597.1	3,806.8	4,337.2	—
Cash from Operating Activities	9,251.4	16,801.1	16,136.2	19,099.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	6,116.6	8,916.2	10,250.3	10,122.7	—
+ Acq of Intangible Assets	230.7	283.7	390.3	274.9	—
+ Disp of Fixed Assets	99.6	44.6	37.5	52.0	—
+ Acq of Other Long-term Assets	102.0	26.0	0.0	0.0	—
+ Disp of Other Long-term Assets	3,002.9	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	66,494.8	65,709.9	73,880.1	1,08,033.5	—
+ Sale of Investments (Equity / Debt)	61,605.4	61,932.7	69,795.4	1,01,968.6	—
+ Acq of Interests in Joint Ventures	0.0	80.0	18.0	0.0	—
+ Dividends Received — Investing	6.0	6.1	9.2	11.1	—
+ Interest Received — Investing	194.1	372.2	443.9	354.5	—
+ Other Inflows / (Outflows) — Investing	0.0	795.4	-203.4	1,311.4	—
Cash from Investing Activities	-8,036.1	-11,864.8	-14,456.1	-14,733.5	—
Cash from Financing Activities
+ Proceeds from Borrowings	831.2	0.0	0.0	0.0	—
+ Repayment of Borrowings	0.0	1,182.7	33.1	0.0	—
+ Payment of Lease Liabilities	46.0	0.0	25.3	35.9	—
+ Interest Paid	0.0	147.2	166.7	203.7	—
+ Dividends Paid	1,812.5	2,718.7	3,930.0	4,244.4	—
+ Other Inflows / (Outflows) — Financing	-185.8	-13.4	0.0	0.0	—
Cash from Financing Activities	-1,213.1	-4,062.0	-4,155.1	-4,484.0	—
Net Changes in Cash (pre-FX)	2.2	874.3	-2,475.0	-117.6	—
Net Changes in Cash	2.2	874.3	-2,475.0	-117.6	—
Closing Cash	37.3	2,659.5	184.5	66.9	—
Reference Items
EBITDA	11,017.7	18,526.3	20,156.3	21,456.2	20,808.8
EBITDA Margin %	9.37	13.06	13.18	11.70	10.00
Free Cash Flow (CFO − Capex)	2,904.1	7,601.2	5,495.6	8,702.3	8,702.3
Free Cash Flow to Equity	—	6,271.3	5,295.8	8,498.6	—
Free Cash Flow per Basic Share	92.37	241.77	174.80	276.79	276.79
Price to Free Cash Flow	—	—	—	—	41.83
Cash Flow to Net Income	1.13	1.25	1.11	1.30	—
Cash Paid for Taxes	2,232.8	3,597.1	3,806.8	4,337.2	—
Cash Paid for Interest	—	147.2	166.7	203.7	—

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 ✓ 146%.