NLC India cash flow

Latest FY26

Cash from operations: ₹5,166cr−42.5% on FY25
Capital spending: ₹0.0cr−100.0% on FY25
Free cash flow: ₹5,166cr+215.6% on FY25
Cash from financing: ₹2,907cr−₹2,196 cr in 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.
	—	2,379	1,884	1,825	1,801
	—	1,222	932	849	902
	—	0.0	0.0	−94.7	−458
	—	220	723	494	−440
	—	909	66.2	1,073	−2,179
	—	0.0	0.0	388	−947
	—	959	945	410	−715
	—	−1,404	1,338	−74.3	−128
	—	0.0	0.0	0.0	−7.5
	—	−1,115	79.4	−464	1,864
	—	0.0	0.0	0.0	0.3
Cash from operating activities
	3,153	2,966	3,631	1,809	4,235
	—	3,170	5,968	4,405	−308
	—	6,135	9,599	6,214	3,927
	—	−83.4	−109	0.0	0.0
	—	0.1	97.5	21.7	−6.6
	—	886	610	612	159
	—	5,166	8,977	5,624	3,761
Cash from investing activities
	—	0.0	7,340	3,259	2,603
	—	305	71.6	11.7	50.2
	—	7,945	1.4	0.0	0.0
	—	90.5	110	96.5	465
	—	1.3	0.0	0.0	0.0
	—	−7,549	−7,160	−3,151	−2,089
Cash from financing activities
	—	309	319	378	253
	—	5,410	12.7	73.7	247
	—	92.6	5.6	20.8	2.6
	—	1,983	2,082	1,918	1,804
	—	736	440	498	428
	—	2,907	−2,196	−1,985	−1,735
	—	525	−379	487	−61.9
	—	525	−379	487	−61.9
	—	—	—	565	77.5
Reference items
	6,125	5,588	4,840	3,536	5,841
	33.3%	32.0%	31.7%	27.2%	36.1%
	5,166	5,166	1,637	2,364	1,158
	—	8,592	−432	520	—
	₹37.26	₹37.26	₹11.81	₹17.05	₹8.35
	6.10×	—	—	—	—
	—	1.37×	3.31×	3.01×	2.64×
	—	886	610	612	159
	—	1,983	2,082	1,918	1,804

Open the chart

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

alphave

NLCINDIA₹227.30

NLC India Ltd.

· Energy & Power

₹ CrorePeersNTPC COALINDIA SJVN NTPCGREEN TORNTPOWER VEDPOWER CLEANMAX JSWENERGYMcap ₹31,518 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	1,800.8	1,824.9	1,884.3	2,378.6	—
+ Finance Costs	902.3	849.3	931.8	1,221.6	—
+ Interest Income	-458.5	-94.7	0.0	0.0	—
+ Other Non-cash Items	-439.7	494.0	723.3	219.9	—
+ Other Reconciling Items	-2,178.9	1,072.9	66.2	909.5	—
Changes in Working Capital
+ Inventories	-947.5	388.0	0.0	0.0	—
+ Trade Receivables — Current	-715.5	409.6	945.1	958.8	—
+ Other Current Assets	-128.0	-74.3	1,338.3	-1,403.8	—
+ Other Non-current Assets	-7.5	0.0	0.0	0.0	—
+ Trade Payables — Current	1,864.2	-464.3	79.4	-1,114.8	—
+ Provisions — Non-current	0.3	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	4,234.6	1,808.8	3,630.7	2,965.6	3,153.2
+ Total Adjustments (incl. Working Capital)	-307.9	4,405.3	5,968.4	3,169.8	—
Cash from Operations (pre-tax)	3,926.7	6,214.0	9,599.1	6,135.4	—
+ Interest Received — Operating	0.0	0.0	-109.2	-83.4	—
+ Other Inflows / (Outflows) — Operating	-6.6	21.7	97.5	0.1	—
+ Income Taxes Paid	158.8	612.0	610.3	886.0	—
Cash from Operating Activities	3,761.4	5,623.7	8,977.1	5,166.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	2,603.4	3,259.4	7,340.2	0.0	—
+ Disp of Fixed Assets	50.2	11.7	71.6	304.6	—
+ Acq of Investment Property	0.0	0.0	1.4	7,944.9	—
+ Interest Received — Investing	464.6	96.5	110.4	90.5	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	0.0	1.3	—
Cash from Investing Activities	-2,088.6	-3,151.3	-7,159.6	-7,548.5	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	253.3	378.3	318.7	309.3	—
+ Proceeds from Borrowings	247.4	73.7	12.7	5,409.8	—
+ Payment of Lease Liabilities	2.6	20.8	5.6	92.6	—
+ Interest Paid	1,804.4	1,917.8	2,081.6	1,983.4	—
+ Dividends Paid	428.3	498.5	440.3	736.1	—
Cash from Financing Activities	-1,734.7	-1,985.1	-2,196.1	2,907.0	—
Net Changes in Cash (pre-FX)	-61.9	487.4	-378.5	524.5	—
Net Changes in Cash	-61.9	487.4	-378.5	524.5	—
Closing Cash	77.5	564.9	—	—	—
Reference Items
EBITDA	5,841.5	3,535.5	4,840.2	5,588.4	6,125.1
EBITDA Margin %	36.14	27.20	31.67	31.95	33.32
Free Cash Flow (CFO − Capex)	1,158.0	2,364.3	1,636.9	5,166.1	5,166.1
Free Cash Flow to Equity	—	520.2	-432.0	8,592.5	—
Free Cash Flow per Basic Share	8.35	17.05	11.81	37.26	37.26
Price to Free Cash Flow	—	—	—	—	6.10
Cash Flow to Net Income	2.64	3.01	3.31	1.37	—
Cash Paid for Taxes	158.8	612.0	610.3	886.0	—
Cash Paid for Interest	1,804.4	1,917.8	2,081.6	1,983.4	—

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%.