Tata Consultancy Services cash flow

Latest FY26

Cash from operations: ₹52,094cr+6.5% on FY25
Capital spending: ₹4,078cr+3.6% on FY25
Free cash flow: ₹48,016cr+6.8% on FY25
Cash from financing: −₹42,133cr−₹47,438 cr in 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.
	—	5,560	5,242	4,985	5,022
	—	1,227	796	778	779
	—	0.0	−3,296	−3,781	−3,248
	—	0.0	−43.0	−41.0	−15.0
	—	−176	−1.0	−17.0	−189
	—	1,196	113	114	142
	—	−718	−289	−326	−250
	—	1.0	0.0	0.0	0.0
	—	−8.0	7.0	0.0	−8.0
	—	−5,248	−5,228	−3,332	−7,683
	—	197	−738	−301	261
	—	837	−2,552	−3,160	−25.0
	—	−1,105	3,718	−632	2,036
	—	2,814	−119	−695	1,417
	—	303	1,553	1,238	−215
Cash from operating activities
	69,022	65,487	65,331	61,997	56,907
	—	4,880	−837	−5,170	−1,976
	—	70,367	64,494	56,827	54,931
	—	−3,854	0.0	0.0	0.0
	—	−35.0	0.0	0.0	0.0
	—	14,384	15,586	12,489	12,966
	—	52,094	48,908	44,338	41,965
Cash from investing activities
	—	3,670	2,917	2,202	2,532
	—	408	1,020	472	568
	—	65.0	23.0	17.0	37.0
	—	41.0	0.0	7.0	0.0
	—	7,304	1,063	0.0	0.0
	—	0.0	29.0	0.0	0.0
	—	0.0	3.0	0.0	0.0
	—	3,008	40.0	26.0	13.0
	—	84.0	3,056	2,990	3,080
	—	−4,661	−411	5,660	9.0
	—	−12,845	−2,318	6,026	39.0
Cash from financing activities
	—	200	0.0	0.0	0.0
	—	0.0	0.0	21,005	4,192
	—	0.0	28.0	0.0	0.0
	—	1,861	1,664	1,614	1,515
	—	901	840	699	779
	—	39,571	44,962	25,218	41,410
	—	134	98.0	81.0	63.0
	—	0.0	0.0	0.0	18.0
	—	−42,133	−47,438	−48,536	−47,878
	—	−2,884	−848	1,828	−5,874
	—	959	174	65.0	509
	—	−1,925	−674	1,893	−5,365
	—	6,417	8,342	9,016	7,123
Reference items
	74,916	72,398	67,407	64,296	59,259
	26.4%	27.1%	26.4%	26.7%	26.3%
	48,016	48,016	44,971	41,664	38,865
	—	47,115	44,131	40,965	—
	₹132.64	₹132.64	₹124.23	₹115.09	₹107.36
	18.68×	—	—	—	—
	—	1.05×	1.00×	0.96×	0.99×
	—	14,384	15,586	12,489	12,966
	—	901	840	699	779

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

alphave

TCS₹2,478.00

Tata Consultancy Services Ltd.

· Technology

₹ CrorePeersINFY HCLTECH WIPRO TECHM LTM PERSISTENT COFORGE MPHASISMcap ₹8.97L 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	5,022.0	4,985.0	5,242.0	5,560.0	—
+ Finance Costs	779.0	778.0	796.0	1,227.0	—
+ Interest Income	-3,248.0	-3,781.0	-3,296.0	0.0	—
+ Dividend Income	-15.0	-41.0	-43.0	0.0	—
+ Unrealised FX (Gain) / Loss	-189.0	-17.0	-1.0	-176.0	—
+ Other Non-cash Items	142.0	114.0	113.0	1,196.0	—
+ Other — Cash Effects are Investing / Financing	-250.0	-326.0	-289.0	-718.0	—
+ Other Reconciling Items	0.0	0.0	0.0	1.0	—
Changes in Working Capital
+ Inventories	-8.0	0.0	7.0	-8.0	—
+ Trade Receivables — Current	-7,683.0	-3,332.0	-5,228.0	-5,248.0	—
+ Other Financial Assets — Current	261.0	-301.0	-738.0	197.0	—
+ Other Current Assets	-25.0	-3,160.0	-2,552.0	837.0	—
+ Trade Payables — Current	2,036.0	-632.0	3,718.0	-1,105.0	—
+ Other Financial Liabilities — Current	1,417.0	-695.0	-119.0	2,814.0	—
+ Other Current Liabilities	-215.0	1,238.0	1,553.0	303.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	56,907.0	61,997.0	65,331.0	65,487.0	69,022.0
+ Total Adjustments (incl. Working Capital)	-1,976.0	-5,170.0	-837.0	4,880.0	—
Cash from Operations (pre-tax)	54,931.0	56,827.0	64,494.0	70,367.0	—
+ Interest Received — Operating	0.0	0.0	0.0	-3,854.0	—
+ Dividends Received — Operating	0.0	0.0	0.0	-35.0	—
+ Income Taxes Paid	12,966.0	12,489.0	15,586.0	14,384.0	—
Cash from Operating Activities	41,965.0	44,338.0	48,908.0	52,094.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	2,532.0	2,202.0	2,917.0	3,670.0	—
+ Acq of Intangible Assets	568.0	472.0	1,020.0	408.0	—
+ Disp of Fixed Assets	37.0	17.0	23.0	65.0	—
+ Disp of Intangible Assets	0.0	7.0	0.0	41.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	1,063.0	7,304.0	—
+ Loans & Advances Made	0.0	0.0	29.0	0.0	—
+ Loans & Advances Repaid	0.0	0.0	3.0	0.0	—
+ Dividends Received — Investing	13.0	26.0	40.0	3,008.0	—
+ Interest Received — Investing	3,080.0	2,990.0	3,056.0	84.0	—
+ Other Inflows / (Outflows) — Investing	9.0	5,660.0	-411.0	-4,661.0	—
Cash from Investing Activities	39.0	6,026.0	-2,318.0	-12,845.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	0.0	200.0	—
+ Buyback / Redemption of Own Shares	4,192.0	21,005.0	0.0	0.0	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	28.0	0.0	—
+ Payment of Lease Liabilities	1,515.0	1,614.0	1,664.0	1,861.0	—
+ Interest Paid	779.0	699.0	840.0	901.0	—
+ Dividends Paid	41,410.0	25,218.0	44,962.0	39,571.0	—
+ Dividends Paid — Minority	63.0	81.0	98.0	134.0	—
+ Other Inflows / (Outflows) — Financing	18.0	0.0	0.0	0.0	—
Cash from Financing Activities	-47,878.0	-48,536.0	-47,438.0	-42,133.0	—
Net Changes in Cash (pre-FX)	-5,874.0	1,828.0	-848.0	-2,884.0	—
+ Effect of FX Rate Changes on Cash	509.0	65.0	174.0	959.0	—
Net Changes in Cash	-5,365.0	1,893.0	-674.0	-1,925.0	—
Closing Cash	7,123.0	9,016.0	8,342.0	6,417.0	—
Reference Items
EBITDA	59,259.0	64,296.0	67,407.0	72,398.0	74,916.0
EBITDA Margin %	26.28	26.69	26.40	27.11	26.45
Free Cash Flow (CFO − Capex)	38,865.0	41,664.0	44,971.0	48,016.0	48,016.0
Free Cash Flow to Equity	—	40,965.0	44,131.0	47,115.0	—
Free Cash Flow per Basic Share	107.36	115.09	124.23	132.64	132.64
Price to Free Cash Flow	—	—	—	—	18.68
Cash Flow to Net Income	0.99	0.96	1.00	1.05	—
Cash Paid for Taxes	12,966.0	12,489.0	15,586.0	14,384.0	—
Cash Paid for Interest	779.0	699.0	840.0	901.0	—

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 ✓ 240%.