Mastek cash flow

Latest FY26

Cash from operations: ₹542cr+37.1% on FY25
Capital spending: ₹28.0cr+39.1% on FY25
Free cash flow: ₹514cr+37.0% on FY25
Cash from financing: −₹300cr−₹56.9 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.
	—	72.6	75.1	89.9	67.4
	—	32.0	42.1	44.5	24.7
	—	−20.0	−6.8	−2.5	−1.5
	—	−7.9	−4.7	0.0	0.0
	—	7.9	8.8	9.0	5.6
	—	−11.1	0.0	0.0	0.0
	—	20.8	0.0	0.0	−0.4
	—	−15.0	0.0	0.0	0.0
	—	0.0	7.0	−5.9	−34.5
	—	27.6	−11.4	−8.4	−146
	—	26.1	−60.2	−44.4	−9.3
	—	54.4	8.2	29.0	−115
	—	0.0	0.0	29.5	25.5
Cash from operating activities
	546	521	459	386	427
	—	187	58.0	141	−184
	—	709	517	527	243
	—	167	122	107	136
	—	542	395	420	107
Cash from investing activities
	—	28.0	20.1	31.5	31.5
	—	1.5	1.3	2.0	49.4
	—	0.0	205	205	768
	—	20.0	6.8	0.6	3.9
	—	−59.7	−57.9	−22.2	8.7
	—	−66.2	−275	−256	−737
Cash from financing activities
	—	0.2	0.3	0.4	2.4
	—	0.0	444	184	174
	—	180	385	80.8	0.0
	—	14.1	14.6	12.2	9.7
	—	30.5	42.1	31.4	17.0
	—	74.4	58.7	58.2	57.3
	—	−1.6	0.0	2.8	0.0
	—	−300	−56.9	4.7	92.6
	—	176	62.9	169	−537
	—	68.0	16.7	4.9	−5.1
	—	244	79.6	173	−542
	—	—	—	381	208
Reference items
	594	586	546	509	456
	15.4%	15.8%	15.8%	16.7%	17.8%
	514	514	375	388	75.6
	—	349	402	473	—
	₹165.71	₹165.71	₹120.97	₹125.32	₹24.38
	8.90×	—	—	—	—
	—	1.34×	1.05×	1.35×	0.35×
	—	167	122	107	136
	—	30.5	42.1	31.4	17.0

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

alphave

MASTEK₹1,474.00

Mastek Ltd.

· Technology

₹ CrorePeersZENSARTECH BSOFT RATEGAIN HAPPSTMNDS TANLA DATAMATICS CIGNITITEC CAPILLARYMcap ₹4,569 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	67.4	89.9	75.1	72.6	—
+ Finance Costs	24.7	44.5	42.1	32.0	—
+ Interest Income	-1.5	-2.5	-6.8	-20.0	—
+ Fair Value (Gains) / Losses	0.0	0.0	-4.7	-7.9	—
+ Share-based Payments	5.6	9.0	8.8	7.9	—
+ Unrealised FX (Gain) / Loss	0.0	0.0	0.0	-11.1	—
+ Other Non-cash Items	-0.4	0.0	0.0	20.8	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-15.0	—
+ Other Reconciling Items	-34.5	-5.9	7.0	0.0	—
Changes in Working Capital
+ Trade Receivables — Current	-146.5	-8.4	-11.4	27.6	—
+ Other Current Assets	-9.3	-44.4	-60.2	26.1	—
+ Trade Payables — Current	-115.3	29.0	8.2	54.4	—
+ Provisions — Current	25.5	29.5	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	427.4	386.2	459.2	521.2	546.3
+ Total Adjustments (incl. Working Capital)	-184.2	140.7	58.0	187.5	—
Cash from Operations (pre-tax)	243.2	526.9	517.2	708.7	—
+ Income Taxes Paid	136.1	106.9	122.1	167.0	—
Cash from Operating Activities	107.1	419.9	395.1	541.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	31.5	31.5	20.1	28.0	—
+ Disp of Fixed Assets	49.4	2.0	1.3	1.5	—
+ Acq of Subsidiaries / Businesses (net)	767.6	205.0	205.5	0.0	—
+ Interest Received — Investing	3.9	0.6	6.8	20.0	—
+ Other Inflows / (Outflows) — Investing	8.7	-22.2	-57.9	-59.7	—
Cash from Investing Activities	-737.0	-256.1	-275.3	-66.2	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	2.4	0.4	0.3	0.2	—
+ Proceeds from Borrowings	174.2	184.1	443.5	0.0	—
+ Repayment of Borrowings	0.0	80.8	385.3	179.7	—
+ Payment of Lease Liabilities	9.7	12.2	14.6	14.1	—
+ Interest Paid	17.0	31.4	42.1	30.5	—
+ Dividends Paid	57.3	58.2	58.7	74.4	—
+ Other Inflows / (Outflows) — Financing	0.0	2.8	0.0	-1.6	—
Cash from Financing Activities	92.6	4.7	-56.9	-300.0	—
Net Changes in Cash (pre-FX)	-537.4	168.5	62.9	175.5	—
+ Effect of FX Rate Changes on Cash	-5.1	4.9	16.7	68.0	—
Net Changes in Cash	-542.5	173.5	79.6	243.6	—
Closing Cash	207.6	381.1	—	—	—
Reference Items
EBITDA	455.9	508.7	546.5	585.6	593.9
EBITDA Margin %	17.78	16.65	15.82	15.83	15.44
Free Cash Flow (CFO − Capex)	75.6	388.5	375.0	513.7	513.7
Free Cash Flow to Equity	—	472.9	401.6	349.5	—
Free Cash Flow per Basic Share	24.38	125.32	120.97	165.71	165.71
Price to Free Cash Flow	—	—	—	—	8.90
Cash Flow to Net Income	0.35	1.35	1.05	1.34	—
Cash Paid for Taxes	136.1	106.9	122.1	167.0	—
Cash Paid for Interest	17.0	31.4	42.1	30.5	—

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.

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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%.