NHPC cash flow

Latest FY26

Cash from operations: ₹3,294cr−34.5% on FY25
Capital spending: ₹11,572cr+30.7% on FY25
Free cash flow: −₹8,279cr−₹3,825 cr in FY25
Cash from financing: ₹8,928cr+369.0% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 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.
	—	1,976	1,193	1,184	1,215
	—	82.3	0.0	0.0	0.0
	—	1,423	1,189	402	474
	—	−397	−440	−422	−374
	—	−17.6	−9.4	−9.4	−7.0
	—	−4.0	−11.4	−39.0	102
	—	34.3	13.5	−44.7	32.0
	—	−53.5	−108	−73.0	−99.0
	—	17.4	21.4	13.7	2.1
	—	33.7	0.0	0.0	0.0
	—	−36.9	−67.2	−29.1	−21.0
	—	−65.0	−328	2,236	−1,527
	—	−1,901	−738	−882	388
	—	−2.8	−0.2	0.0	0.0
	—	194	772	931	55.4
	—	0.0	0.0	0.0	−1.1
	—	0.0	−70.1	−104	173
Cash from operating activities
	2,872	2,908	4,487	4,644	5,257
	—	1,282	1,416	3,164	413
	—	4,190	5,903	7,808	5,669
	—	896	877	870	977
	—	3,294	5,026	6,938	4,692
Cash from investing activities
	—	11,572	8,851	6,997	4,960
	—	4.9	1.8	2.2	1.4
	—	0.0	0.0	0.0	−487
	—	0.0	12.4	150	0.0
	—	5.0	0.0	0.0	108
	—	294	609	407	0.0
	—	17.6	9.4	9.4	7.0
	—	369	457	364	326
	—	−247	212	95.9	0.0
	—	−11,139	−7,550	−5,968	−4,246
Cash from financing activities
	—	1,453	309	382	200
	—	0.0	0.0	0.0	54.6
	—	16,122	10,347	6,282	4,875
	—	3,403	3,189	2,816	1,899
	—	18.5	11.7	9.3	5.9
	—	2,871	3,241	2,095	1,704
	—	2,355	2,310	2,326	2,263
	—	8,928	1,904	−581	−741
	—	1,082	−620	388	−295
	—	1,082	−620	388	−295
	—	—	802	1,422	1,020
Reference items
	5,787	5,236	5,520	4,868	6,268
	47.4%	45.1%	53.2%	50.5%	59.1%
	−8,279	−8,279	−3,825	−59.6	−268
	—	1,550	−125	851	—
	−₹8.24	−₹8.24	−₹3.81	−₹0.06	−₹0.27
	—	0.78×	1.47×	1.72×	1.11×
	—	896	877	870	977
	—	2,871	3,241	2,095	1,704

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

alphave

NHPC₹77.20

NHPC Ltd.

· Energy & Power

₹ CrorePeersSJVN NTPC JSWENERGY ADANIPOWER ADANIENSOL TATAPOWER ADANIGREEN POWERGRIDMcap ₹77,548 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 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	1,214.7	1,184.1	1,193.0	1,975.9	—
+ Impairment Loss / (Reversal)	0.0	0.0	0.0	82.3	—
+ Finance Costs	474.3	402.4	1,188.9	1,423.0	—
+ Interest Income	-373.9	-421.9	-439.7	-396.8	—
+ Dividend Income	-7.0	-9.4	-9.4	-17.6	—
+ Fair Value (Gains) / Losses	101.6	-39.0	-11.4	-4.0	—
+ Unrealised FX (Gain) / Loss	32.0	-44.7	13.5	34.3	—
+ Other Non-cash Items	-99.0	-73.0	-108.1	-53.5	—
+ Other — Cash Effects are Investing / Financing	2.1	13.7	21.4	17.4	—
+ Other Reconciling Items	0.0	0.0	0.0	33.7	—
Changes in Working Capital
+ Inventories	-21.0	-29.1	-67.2	-36.9	—
+ Trade Receivables — Current	-1,526.7	2,236.3	-328.4	-65.0	—
+ Other Financial Assets — Current	388.4	-882.3	-738.1	-1,901.4	—
+ Other Non-current Assets	0.0	0.0	-0.2	-2.8	—
+ Other Financial Liabilities — Current	55.4	930.6	771.5	193.6	—
+ Other Non-current Liabilities	-1.1	0.0	0.0	0.0	—
+ Provisions — Current	173.0	-103.7	-70.1	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	5,256.7	4,643.5	4,487.4	2,907.8	2,872.1
+ Total Adjustments (incl. Working Capital)	412.8	3,164.1	1,415.8	1,282.2	—
Cash from Operations (pre-tax)	5,669.5	7,807.6	5,903.2	4,190.1	—
+ Income Taxes Paid	977.2	870.1	877.0	896.4	—
Cash from Operating Activities	4,692.2	6,937.5	5,026.2	3,293.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	4,960.2	6,997.1	8,851.4	11,572.3	—
+ Disp of Fixed Assets	1.4	2.2	1.8	4.9	—
+ Acq of Other Long-term Assets	-487.4	0.0	0.0	0.0	—
+ Disp of Other Long-term Assets	0.0	150.0	12.4	0.0	—
+ Acq of Interests in Joint Ventures	107.9	0.0	0.0	5.0	—
+ Government Grants Received	0.0	407.3	609.2	293.8	—
+ Dividends Received — Investing	7.0	9.4	9.4	17.6	—
+ Interest Received — Investing	326.3	364.3	456.9	368.9	—
+ Other Inflows / (Outflows) — Investing	0.0	95.9	211.6	-247.0	—
Cash from Investing Activities	-4,246.1	-5,968.2	-7,550.2	-11,139.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	200.1	381.9	308.6	1,452.9	—
+ Proceeds — Change in Ownership of Subsidiaries	54.6	0.0	0.0	0.0	—
+ Proceeds from Borrowings	4,875.4	6,282.0	10,346.5	16,121.7	—
+ Repayment of Borrowings	1,898.7	2,815.5	3,188.7	3,402.6	—
+ Payment of Lease Liabilities	5.9	9.3	11.7	18.5	—
+ Interest Paid	1,703.7	2,094.6	3,241.4	2,871.3	—
+ Dividends Paid	2,262.9	2,325.9	2,309.9	2,354.5	—
Cash from Financing Activities	-741.0	-581.5	1,903.5	8,927.6	—
Net Changes in Cash (pre-FX)	-294.9	387.9	-620.5	1,082.2	—
Net Changes in Cash	-294.9	387.9	-620.5	1,082.2	—
Closing Cash	1,019.8	1,422.1	801.6	—	—
Reference Items
EBITDA	6,268.1	4,868.3	5,519.9	5,235.9	5,786.6
EBITDA Margin %	59.09	50.54	53.18	45.08	47.39
Free Cash Flow (CFO − Capex)	-267.9	-59.6	-3,825.2	-8,278.7	-8,278.7
Free Cash Flow to Equity	—	850.6	-125.1	1,549.8	—
Free Cash Flow per Basic Share	-0.27	-0.06	-3.81	-8.24	-8.24
Cash Flow to Net Income	1.11	1.72	1.47	0.78	—
Cash Paid for Taxes	977.2	870.1	877.0	896.4	—
Cash Paid for Interest	1,703.7	2,094.6	3,241.4	2,871.3	—

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 · ConsolidatedFA 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%.