Nuvama Wealth Management cash flow

Latest FY26

Cash from operations: −₹3,014cr−₹371 cr in FY25
Capital spending: ₹28.7cr−13.4% on FY25
Free cash flow: −₹3,042cr−₹404 cr in FY25
Cash from financing: ₹3,181cr+429.7% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023

Adjustments to reconcile profit — non-cash items
	—	116	97.0	138	—
	—	12.7	18.4	40.0	—
	—	17.6	16.6	0.0	—
	—	−14.2	−7.2	−9.2	—
	—	47.7	−14.4	2.7	—
	—	29.2	31.6	24.5	—
	—	0.0	8.5	6.8	—
	—	−5.4	−4.0	13.3	—
Changes in working capital
	—	−253	−119	236	−5.0
	—	−3,980	−279	−607	—
	—	0.0	14.8	0.0	—
	—	−34.7	0.0	−2.0	—
	—	−1,687	−7,456	−7,707	—
	—	−3,712	2,373	1,908	—
	—	5,427	3,925	3,642	—
	—	0.0	35.2	0.0	—
	—	−30.3	0.0	0.0	—
	—	20.7	0.0	53.8	—
Cash from operating activities
	1,430	1,371	1,311	810	—
	—	−4,047	−1,359	−2,261	—
	—	−2,675	−47.9	−1,451	—
	—	338	323	208	72.8
	—	−3,014	−371	−1,658	—
Cash from investing activities
	—	28.7	33.1	80.9	—
	—	0.9	1.1	0.1	—
	—	0.0	11.0	0.0	—
	—	459	242	0.0	—
	—	342	195	0.0	—
	—	0.0	4.8	1.4	—
	—	0.0	0.0	4.0	—
	—	12.6	8.2	6.7	—
	—	4.1	0.0	−0.2	—
	—	−128	−65.2	−79.8	—
Cash from financing activities
	—	0.0	0.0	30.7	—
	—	0.0	0.0	0.4	—
	—	56.5	86.0	0.0	—
	—	3,812	1,093	1,348	—
	—	108	0.0	15.2	—
	—	78.9	64.7	0.0	—
	—	—	—	47.8	—
	—	501	514	0.0	—
	—	3,181	601	1,316	—
	—	39.9	164	−422	−217
	—	8.5	1.8	0.8	—
	—	48.4	166	−422	—
	—	—	—	367	—
Reference items
	2,554	2,441	2,216	1,559	786
	52.3%	52.7%	53.3%	49.5%	35.5%
	−3,042	−3,042	−404	−1,739	—
	−₹167.11	−₹167.11	−₹22.20	−₹95.54	—
	—	−2.90×	−0.38×	−2.65×	—
	—	338	323	208	72.8

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

alphave

NUVAMA₹1,783.90

Nuvama Wealth Management Ltd.

· Banking & Finance

₹ CrorePeers360ONE MOTILALOFS ANANDRATHI PINELABS JMFINANCIL STARHEALTH IOB IFCIMcap ₹32,476 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	—	138.0	97.0	115.6	—
+ Impairment Loss / (Reversal)	—	40.0	18.4	12.7	—
+ Finance Costs	—	0.0	16.6	17.6	—
+ Interest Income	—	-9.2	-7.2	-14.2	—
+ Fair Value (Gains) / Losses	—	2.7	-14.4	47.7	—
+ Share-based Payments	—	24.5	31.6	29.2	—
+ Other Non-cash Items	—	6.8	8.5	0.0	—
+ Other — Cash Effects are Investing / Financing	—	13.3	-4.0	-5.4	—
Changes in Working Capital
+ Trade Receivables — Current	-5.0	236.1	-119.0	-252.6	—
+ Other Financial Assets — Current	—	-607.3	-278.8	-3,979.6	—
+ Other Current Assets	—	0.0	14.8	0.0	—
+ Other Non-current Assets	—	-2.0	0.0	-34.7	—
+ Other Bank Balances	—	-7,707.0	-7,456.1	-1,687.3	—
+ Trade Payables — Current	—	1,907.9	2,373.5	-3,712.4	—
+ Other Financial Liabilities — Current	—	3,641.8	3,925.2	5,426.6	—
+ Other Financial Liabilities — Non-current	—	0.0	35.2	0.0	—
+ Other Non-current Liabilities	—	0.0	0.0	-30.3	—
+ Provisions — Non-current	—	53.8	0.0	20.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	—	809.9	1,310.9	1,371.2	1,430.0
+ Total Adjustments (incl. Working Capital)	—	-2,260.6	-1,358.8	-4,046.6	—
Cash from Operations (pre-tax)	—	-1,450.7	-47.9	-2,675.4	—
+ Income Taxes Paid	72.8	207.7	323.2	338.1	—
Cash from Operating Activities	—	-1,658.4	-371.1	-3,013.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	—	80.9	33.1	28.7	—
+ Disp of Fixed Assets	—	0.1	1.1	0.9	—
+ Disp of Investment Property	—	0.0	11.0	0.0	—
+ Acq of Other Long-term Assets	—	0.0	242.4	458.6	—
+ Disp of Other Long-term Assets	—	0.0	194.8	342.0	—
+ Acq of Interests in Joint Ventures	—	1.4	4.8	0.0	—
+ Acq of Subsidiaries / Businesses (net)	—	4.0	0.0	0.0	—
+ Interest Received — Investing	—	6.7	8.2	12.6	—
+ Other Inflows / (Outflows) — Investing	—	-0.2	0.0	4.1	—
Cash from Investing Activities	—	-79.8	-65.2	-127.7	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	—	30.7	0.0	0.0	—
+ Proceeds from Other Equity Instruments	—	0.4	0.0	0.0	—
+ Proceeds from Exercise of Stock Options	—	0.0	86.0	56.5	—
+ Proceeds from Borrowings	—	1,347.7	1,093.1	3,812.2	—
+ Repayment of Borrowings	—	15.2	0.0	107.5	—
+ Payment of Lease Liabilities	—	0.0	64.7	78.9	—
+ Payment of Finance Lease Liabilities	—	47.8	—	—	—
+ Dividends Paid	—	0.0	513.9	501.2	—
Cash from Financing Activities	—	1,315.8	600.5	3,181.1	—
Net Changes in Cash (pre-FX)	-217.0	-422.3	164.2	39.9	—
+ Effect of FX Rate Changes on Cash	—	0.8	1.8	8.5	—
Net Changes in Cash	—	-421.6	166.0	48.4	—
Closing Cash	—	366.6	—	—	—
Reference Items
EBITDA	785.9	1,559.3	2,216.2	2,441.4	2,554.0
EBITDA Margin %	35.48	49.49	53.30	52.72	52.29
Free Cash Flow (CFO − Capex)	—	-1,739.3	-404.2	-3,042.2	-3,042.2
Free Cash Flow per Basic Share	—	-95.54	-22.20	-167.11	-167.11
Cash Flow to Net Income	—	-2.65	-0.38	-2.90	—
Cash Paid for Taxes	72.8	207.7	323.2	338.1	—

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%.