NTPC cash flow

Latest FY26

Cash from operations: ₹50,902cr+0.9% on FY25
Capital spending: ₹44,050cr+6.7% on FY25
Free cash flow: ₹6,852cr−25.1% on FY25
Cash from financing: −₹11,328cr−₹4,073 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.
	—	19,629	17,401	16,204	14,792
	—	13,653	13,048	11,955	11,092
	—	−1,072	0.0	−962	−918
	—	−18.1	0.0	−9.4	−7.0
	—	89.9	0.0	0.0	0.0
	—	−33.2	−188	0.0	2,382
	—	139	615	767	−506
	—	1,482	677	−2,587	−3,005
	—	−2,369	−1,977	−1,297	−3,295
	—	−2,873	0.0	0.0	0.0
	—	0.0	−2,927	0.0	0.0
	—	0.0	0.0	−4,865	−3,807
	—	0.0	0.0	−588	3,461
	—	482	2,205	0.0	0.0
	—	—	582	—	—
	—	1,107	582	865	386
	—	0.0	0.0	−561	0.0
Cash from operating activities
	27,000	24,269	26,283	25,506	23,551
	—	30,217	29,436	18,922	20,576
	—	54,486	55,719	44,427	44,127
	—	0.0	−959	0.0	0.0
	—	0.0	−9.8	0.0	0.0
	—	3,584	4,314	3,643	4,076
	—	50,902	50,436	40,785	40,052
Cash from investing activities
	—	44,050	41,283	30,816	24,819
	—	42.9	0.0	74.6	0.0
	—	0.0	278	0.0	98.3
	—	0.0	1,790	219	857
	—	295	0.0	0.0	0.0
	—	0.0	0.0	50.0	0.0
	—	296	599	0.0	0.0
	—	18.1	9.8	9.4	7.0
	—	933	768	631	577
	—	500	466	415	435
	—	5,386	−3,915	−1,456	−679
	—	−37,578	−45,800	−32,141	−26,107
Cash from financing activities
	—	0.0	9,026	0.0	0.0
	—	50,750	42,232	37,576	32,669
	—	35,583	29,113	22,440	24,524
	—	210	0.0	131	230
	—	17,538	17,874	15,832	14,822
	—	8,759	8,207	7,419	7,248
	—	11.1	−137	0.0	0.0
	—	−11,328	−4,073	−8,246	−14,154
	—	1,995	563	398	−210
	—	1,995	563	398	−210
	—	3,422	1,427	863	466
Reference items
	58,936	55,286	54,128	51,093	47,729
	30.8%	29.5%	28.8%	28.6%	27.1%
	6,852	6,852	9,153	9,969	15,233
	—	8,997	3,814	9,372	—
	₹7.07	₹7.07	₹9.44	₹10.28	₹15.71
	42.99×	—	—	—	—
	—	1.85×	2.11×	1.91×	2.34×
	—	3,584	4,314	3,643	4,076
	—	17,538	17,874	15,832	14,822

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

alphave

NTPC₹303.75

NTPC Ltd.

· Energy & Power

₹ CrorePeersPOWERGRID TATAPOWER JSWENERGY ADANIGREEN ADANIENSOL ADANIPOWER NHPC CLEANMAXMcap ₹2.95L 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	14,792.3	16,203.6	17,401.2	19,629.3	—
+ Finance Costs	11,092.1	11,954.8	13,047.7	13,652.8	—
+ Interest Income	-918.0	-961.9	0.0	-1,071.6	—
+ Dividend Income	-7.0	-9.4	0.0	-18.1	—
+ Fair Value (Gains) / Losses	0.0	0.0	0.0	89.9	—
+ Other Non-cash Items	2,382.3	0.0	-188.0	-33.2	—
+ Other Reconciling Items	-505.8	767.4	614.7	138.7	—
Changes in Working Capital
+ Inventories	-3,005.0	-2,586.7	676.9	1,482.1	—
+ Trade Receivables — Current	-3,294.6	-1,296.7	-1,976.9	-2,369.3	—
+ Other Financial Assets — Current	0.0	0.0	0.0	-2,873.1	—
+ Other Financial Assets — Non-current	0.0	0.0	-2,926.5	0.0	—
+ Other Current Assets	-3,806.7	-4,865.0	0.0	0.0	—
+ Trade Payables — Current	3,461.3	-588.4	0.0	0.0	—
+ Other Current Liabilities	0.0	0.0	2,204.9	482.3	—
+ Provisions	—	—	581.8	—	—
+ Provisions — Current	385.6	864.6	581.8	1,106.8	—
+ Provisions — Non-current	0.0	-560.7	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	23,550.8	25,505.9	26,282.7	24,269.5	26,999.7
+ Total Adjustments (incl. Working Capital)	20,576.4	18,921.6	29,435.8	30,216.6	—
Cash from Operations (pre-tax)	44,127.2	44,427.5	55,718.5	54,486.0	—
+ Interest Received — Operating	0.0	0.0	-958.5	0.0	—
+ Dividends Received — Operating	0.0	0.0	-9.8	0.0	—
+ Income Taxes Paid	4,075.7	3,642.9	4,314.2	3,584.2	—
Cash from Operating Activities	40,051.6	40,784.6	50,436.0	50,901.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	24,818.5	30,815.9	41,283.4	44,049.8	—
+ Disp of Fixed Assets	0.0	74.6	0.0	42.9	—
+ Disp of Investment Property	98.3	0.0	278.3	0.0	—
+ Acq of Interests in Joint Ventures	857.3	219.4	1,789.9	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	0.0	295.4	—
+ Loans & Advances Repaid	0.0	50.0	0.0	0.0	—
+ Government Grants Received	0.0	0.0	599.1	295.9	—
+ Dividends Received — Investing	7.0	9.4	9.8	18.1	—
+ Interest Received — Investing	576.7	631.0	767.7	932.5	—
+ Income Taxes (Paid) / Refund — Investing	434.9	414.6	466.0	499.8	—
+ Other Inflows / (Outflows) — Investing	-678.5	-1,456.4	-3,915.5	5,386.3	—
Cash from Investing Activities	-26,107.2	-32,141.4	-45,799.7	-37,578.4	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	9,026.0	0.0	—
+ Proceeds from Borrowings	32,669.5	37,576.4	42,231.8	50,749.8	—
+ Repayment of Borrowings	24,523.7	22,439.8	29,113.4	35,582.5	—
+ Payment of Lease Liabilities	230.1	130.9	0.0	209.7	—
+ Interest Paid	14,822.3	15,831.8	17,873.5	17,537.7	—
+ Dividends Paid	7,247.9	7,419.4	8,206.5	8,759.3	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	-137.3	11.1	—
Cash from Financing Activities	-14,154.5	-8,245.5	-4,073.0	-11,328.4	—
Net Changes in Cash (pre-FX)	-210.1	397.7	563.2	1,995.1	—
Net Changes in Cash	-210.1	397.7	563.2	1,995.1	—
Closing Cash	465.7	863.3	1,426.6	3,421.6	—
Reference Items
EBITDA	47,728.9	51,092.7	54,127.6	55,285.8	58,936.4
EBITDA Margin %	27.09	28.62	28.77	29.50	30.85
Free Cash Flow (CFO − Capex)	15,233.0	9,968.7	9,152.6	6,852.0	6,852.0
Free Cash Flow to Equity	—	9,372.0	3,813.9	8,997.4	—
Free Cash Flow per Basic Share	15.71	10.28	9.44	7.07	7.07
Price to Free Cash Flow	—	—	—	—	42.99
Cash Flow to Net Income	2.34	1.91	2.11	1.85	—
Cash Paid for Taxes	4,075.7	3,642.9	4,314.2	3,584.2	—
Cash Paid for Interest	14,822.3	15,831.8	17,873.5	17,537.7	—

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.

« ‹ › »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 ✓ 193%.