REC cash flow

Latest FY26

Cash from operations: ₹5,972cr−₹39,101 cr in FY25
Cash from investing: −₹3,308cr−₹1,265 cr in FY25
Cash from financing: −₹2,375cr₹40,034 cr in FY25
Capital spending: ₹76.0cr−8.3% on 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.
	—	27.1	24.7	24.0	24.3
	—	231	1,022	−1,380	142
	—	301	0.0	−336	−42.9
	—	−60.1	−73.4	−42.7	−12.2
	—	−241	−346	−34.5	−43.8
	—	−1,386	−2,131	−993	964
	—	10.6	297	−2.2	0.0
	—	0.0	0.0	4.3	2.6
	—	446	1.6	0.0	0.0
	—	1,374	0.0	0.0	0.0
	—	0.0	−60,008	0.0	0.0
	—	−13,558	0.0	0.0	0.0
	—	1,521	0.0	0.0	0.0
	—	0.0	6,228	0.0	0.0
	—	155	0.0	0.0	0.0
Cash from operating activities
	19,210	20,766	20,117	17,960	13,898
	—	−11,179	−54,986	−2,760	1,034
	—	9,587	−34,868	15,200	14,932
	—	0.0	0.0	−69,651	−49,617
	—	3,616	4,233	3,272	2,674
	—	5,972	−39,101	−57,723	−37,360
Cash from investing activities
	—	75.2	81.3	33.6	17.7
	—	0.8	1.6	0.0	0.0
	—	0.0	0.0	1.7	4.6
	—	0.0	0.0	0.0	0.0
	—	3,268	1,067	1,911	940
	—	0.0	6.1	45.0	10.1
	—	0.0	0.0	67.4	0.0
	—	11.7	0.0	0.0	0.0
	—	0.0	16.3	0.0	0.0
	—	47.7	0.0	0.0	0.0
	—	0.0	−138	−0.5	−0.0
	—	−3,308	−1,265	−1,831	−943
Cash from financing activities
	—	0.0	0.0	0.0	0.7
	—	0.0	0.0	44.5	44.5
	—	10,770	0.0	27,928	14,836
	—	26,294	69,246	34,562	26,452
	—	33,285	23,559	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	44.5	44.5	0.0	0.0
	—	6,109	5,609	2,857	3,120
	—	−2,375	40,034	59,588	38,123
	—	289	−333	34.2	−180
	—	289	−333	34.2	−180
	—	—	—	−4.7	−38.9
Reference items
	—	5,896	−39,184	−57,756	−37,377
	—	24,334	11,447	—	—
	—	₹22.39	−₹148.81	−₹219.34	−₹141.95
	—	0.37×	−2.46×	−4.08×	−3.35×
	—	3,616	4,233	3,272	2,674
	—	44.5	44.5	—	—

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

alphave

RECLTD₹296.15

REC Ltd.

· Banking & Finance

₹ CrorePeersPFC IREDA MUTHOOTFIN BAJAJHLDNG HDFCAMC CHOLAFIN IRFC TATACAPMcap ₹77,983 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	24.3	24.0	24.7	27.1	—
+ Impairment Loss / (Reversal)	142.2	-1,379.7	1,021.6	231.4	—
+ Finance Costs	-42.9	-336.2	0.0	301.2	—
+ Interest Income	-12.2	-42.7	-73.4	-60.1	—
+ Fair Value (Gains) / Losses	-43.8	-34.5	-346.3	-241.4	—
+ Unrealised FX (Gain) / Loss	963.9	-993.1	-2,131.3	-1,386.3	—
+ Other Non-cash Items	0.0	-2.2	297.2	10.6	—
+ Other — Cash Effects are Investing / Financing	2.6	4.3	0.0	0.0	—
+ Other Reconciling Items	0.0	0.0	1.6	446.5	—
Changes in Working Capital
+ Other Financial Assets — Current	0.0	0.0	0.0	1,373.5	—
+ Other Financial Assets — Non-current	0.0	0.0	-60,007.9	0.0	—
+ Other Non-current Assets	0.0	0.0	0.0	-13,558.0	—
+ Other Financial Liabilities — Current	0.0	0.0	0.0	1,521.4	—
+ Other Financial Liabilities — Non-current	0.0	0.0	6,228.0	0.0	—
+ Provisions — Current	0.0	0.0	0.0	155.1	—
Cash from Operating Activities
Profit Before Tax (per I/S)	13,897.7	17,959.9	20,117.5	20,766.3	19,210.4
+ Total Adjustments (incl. Working Capital)	1,034.1	-2,760.1	-54,985.7	-11,179.1	—
Cash from Operations (pre-tax)	14,931.8	15,199.9	-34,868.3	9,587.3	—
+ Other Inflows / (Outflows) — Operating	-49,617.2	-69,650.7	0.0	0.0	—
+ Income Taxes Paid	2,674.3	3,271.8	4,232.5	3,615.7	—
Cash from Operating Activities	-37,359.8	-57,722.7	-39,100.8	5,971.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	17.7	33.6	81.3	75.2	—
+ Acq of Intangible Assets	0.0	0.0	1.6	0.8	—
+ Disp of Fixed Assets	4.6	1.7	0.0	0.0	—
+ Acq of Intangibles under Development	0.0	0.0	0.0	0.0	—
+ Acq of Other Long-term Assets	940.0	1,910.9	1,066.7	3,267.7	—
+ Disp of Other Long-term Assets	10.1	45.0	6.1	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	67.4	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	11.7	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	16.3	0.0	—
+ Interest Received — Investing	0.0	0.0	0.0	47.7	—
+ Other Inflows / (Outflows) — Investing	-0.0	-0.5	-138.1	0.0	—
Cash from Investing Activities	-943.0	-1,831.0	-1,265.3	-3,307.7	—
Cash from Financing Activities
+ Buyback / Redemption of Own Shares	0.7	0.0	0.0	0.0	—
+ Payments for Other Equity Instruments	44.5	44.5	0.0	0.0	—
+ Proceeds from Debentures / Notes / Bonds	14,836.0	27,927.9	0.0	10,769.7	—
+ Proceeds from Borrowings	26,452.5	34,561.5	69,245.6	26,293.8	—
+ Repayment of Borrowings	0.0	0.0	23,558.8	33,284.9	—
+ Payment of Lease Liabilities	0.0	0.0	0.0	0.0	—
+ Interest Paid	0.0	0.0	44.5	44.5	—
+ Dividends Paid	3,120.4	2,857.1	5,608.8	6,109.1	—
Cash from Financing Activities	38,122.8	59,587.8	40,033.6	-2,375.0	—
Net Changes in Cash (pre-FX)	-179.9	34.2	-332.5	288.9	—
Net Changes in Cash	-179.9	34.2	-332.5	288.9	—
Closing Cash	-38.9	-4.7	—	—	—
Reference Items
Free Cash Flow (CFO − Capex)	-37,377.4	-57,756.3	-39,183.7	5,895.5	—
Free Cash Flow to Equity	—	—	11,446.9	24,333.6	—
Free Cash Flow per Basic Share	-141.95	-219.34	-148.81	22.39	—
Cash Flow to Net Income	-3.35	-4.08	-2.46	0.37	—
Cash Paid for Taxes	2,674.3	3,271.8	4,232.5	3,615.7	—
Cash Paid for Interest	—	—	44.5	44.5	—

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.

« ‹ › »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%.