Tata Motors Passenger Vehicles cash flow

Latest FY26

Cash from operations: ₹13,041cr−79.3% on FY25
Capital spending: ₹36,282cr−4.6% on FY25
Free cash flow: −₹23,241cr₹25,060 cr in FY25
Cash from financing: −₹1,344cr−₹18,786 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.
	—	20,253	23,256	27,270	24,860
	—	3,073	5,083	9,986	10,239
	—	−2,036	2,473	−2,609	−1,251
	—	−100	64.0	−46.7	−46.4
	—	−133	−48.0	−25.2	−93.3
	—	16.0	48.0	42.7	30.0
	—	136	−1,344	−538	3,747
	—	6,253	−4,088	3,771	1,151
	—	−4,318	2,127	−7,265	−5,665
	—	−1,587	3,573	−1,151	−2,830
	—	−640	−967	−1,701	208
	—	−175	−2,322	−2,107	−327
	—	−3,196	−1,557	−704	−1,937
	—	2,006	−1,626	2,370	−1,245
	—	−1,973	1,303	13,706	6,945
	—	108	257	1,954	269
	—	83.0	−810	−109	438
	—	2,042	−458	2,024	−975
	—	−985	2,822	2,675	1,512
	—	—	5,814	−2,367	481
	—	−2,893	1,416	−2,367	481
	—	2,490	4,398	0.0	0.0
Cash from operating activities
	−4,309	−2,069	33,493	27,255	3,058
	—	18,424	33,600	45,176	35,509
	—	16,355	67,093	72,432	38,567
	—	3,314	3,991	4,516	3,179
	—	13,041	63,102	67,915	35,388
Cash from investing activities
	—	13,583	15,189	12,975	8,493
	—	22,699	22,853	18,439	9,603
	—	46.0	974	231	285
	—	0.0	12,677	0.0	0.0
	—	10,582	111	0.0	0.0
	—	5.0	0.0	0.0	0.0
	—	20.0	0.0	0.0	0.0
	—	512	688	0.0	0.0
	—	0.0	765	0.0	0.0
	—	83.0	20.0	207	0.0
	—	0.0	0.0	207	0.0
	—	199	175	95.9	68.1
	—	1,940	2,420	2,493	973
	—	−715	−612	5,766	−35.1
	—	−24,810	−47,594	−22,828	−16,804
Cash from financing activities
	—	22.0	35.0	81.9	19.6
	—	0.0	63.0	0.0	296
	—	0.0	0.0	3,812	0.0
	—	0.0	0.0	0.0	99.5
	—	26,425	13,384	21,824	44,441
	—	18,110	21,443	47,332	63,418
	—	2,145	2,393	1,924	1,517
	—	5,111	5,814	9,332	9,336
	—	2,203	2,303	769	141
	—	—	—	—	141
	—	−222	−189	−3,366	4,103
	—	−1,344	−18,786	−37,006	−26,243
	—	−13,113	−3,278	8,081	−7,659
	—	1,644	−2,388	46.5	1,387
	—	−11,469	−5,666	8,128	−6,272
	—	22,880	34,349	40,015	31,887
Reference items
	16,910	18,897	56,138	59,538	31,920
	4.9%	5.6%	12.8%	13.6%	9.2%
	−23,241	−23,241	25,060	36,502	17,292
	—	−20,898	−16,755	9.0	—
	−₹63.07	−₹63.07	₹68.01	₹99.05	₹46.93
	—	0.16×	2.24×	2.14×	13.16×
	—	3,314	3,991	4,516	3,179
	—	5,111	5,814	9,332	9,336

Open the chart

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

alphave

TMPV₹263.60

Tata Motors Passenger Vehicles Ltd.

· Auto & Mobility

₹ CrorePeersMARUTI M&M HYUNDAI EICHERMOT MOTHERSON BAJAJ-AUTO BOSCHLTD TVSMOTORMcap ₹97,137 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	24,860.4	27,270.1	23,256.0	20,253.0	—
+ Finance Costs	10,239.2	9,985.8	5,083.0	3,073.0	—
+ Interest Income	-1,251.2	-2,608.6	2,473.0	-2,036.0	—
+ Dividend Income	-46.4	-46.7	64.0	-100.0	—
+ Fair Value (Gains) / Losses	-93.3	-25.2	-48.0	-133.0	—
+ Share-based Payments	30.0	42.7	48.0	16.0	—
+ Unrealised FX (Gain) / Loss	3,746.6	-537.6	-1,344.0	136.0	—
+ Other Non-cash Items	1,151.2	3,770.6	-4,088.0	6,253.0	—
Changes in Working Capital
+ Inventories	-5,665.4	-7,265.2	2,127.0	-4,318.0	—
+ Trade Receivables — Current	-2,830.1	-1,150.7	3,573.0	-1,587.0	—
+ Other Financial Assets — Current	208.5	-1,701.0	-967.0	-640.0	—
+ Other Financial Assets — Non-current	-327.1	-2,106.8	-2,322.0	-175.0	—
+ Other Current Assets	-1,936.7	-704.1	-1,557.0	-3,196.0	—
+ Other Non-current Assets	-1,245.4	2,369.8	-1,626.0	2,006.0	—
+ Trade Payables — Current	6,944.9	13,705.8	1,303.0	-1,973.0	—
+ Other Financial Liabilities — Current	268.8	1,953.6	257.0	108.0	—
+ Other Financial Liabilities — Non-current	437.6	-109.0	-810.0	83.0	—
+ Other Current Liabilities	-974.9	2,024.1	-458.0	2,042.0	—
+ Other Non-current Liabilities	1,512.0	2,675.2	2,822.0	-985.0	—
+ Provisions	480.6	-2,366.6	5,814.0	—	—
+ Provisions — Current	480.6	-2,366.6	1,416.0	-2,893.0	—
+ Provisions — Non-current	0.0	0.0	4,398.0	2,490.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	3,057.6	27,255.3	33,493.0	-2,069.0	-4,309.0
+ Total Adjustments (incl. Working Capital)	35,509.5	45,176.3	33,600.0	18,424.0	—
Cash from Operations (pre-tax)	38,567.0	72,431.6	67,093.0	16,355.0	—
+ Income Taxes Paid	3,179.0	4,516.3	3,991.0	3,314.0	—
Cash from Operating Activities	35,388.0	67,915.4	63,102.0	13,041.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	8,492.6	12,974.7	15,189.0	13,583.0	—
+ Acq of Intangible Assets	9,603.1	18,438.9	22,853.0	22,699.0	—
+ Disp of Fixed Assets	285.0	231.1	974.0	46.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	12,677.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	111.0	10,582.0	—
+ Acq of Interests in Joint Ventures	0.0	0.0	0.0	5.0	—
+ Disp of Interests in Joint Ventures	0.0	0.0	0.0	20.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	688.0	512.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	765.0	0.0	—
+ Loans & Advances Made	0.0	206.8	20.0	83.0	—
+ Loans & Advances Repaid	0.0	206.8	0.0	0.0	—
+ Dividends Received — Investing	68.1	95.9	175.0	199.0	—
+ Interest Received — Investing	973.4	2,492.7	2,420.0	1,940.0	—
+ Other Inflows / (Outflows) — Investing	-35.1	5,765.8	-612.0	-715.0	—
Cash from Investing Activities	-16,804.2	-22,828.1	-47,594.0	-24,810.0	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	19.6	81.9	35.0	22.0	—
+ Buyback / Redemption of Own Shares	295.9	0.0	63.0	0.0	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	3,812.3	0.0	0.0	—
+ Payments — Change in Ownership of Subsidiaries	99.5	0.0	0.0	0.0	—
+ Proceeds from Borrowings	44,440.5	21,823.5	13,384.0	26,425.0	—
+ Repayment of Borrowings	63,417.5	47,331.7	21,443.0	18,110.0	—
+ Payment of Lease Liabilities	1,516.6	1,924.0	2,393.0	2,145.0	—
+ Interest Paid	9,336.0	9,332.3	5,814.0	5,111.0	—
+ Dividends Paid	140.9	769.3	2,303.0	2,203.0	—
+ Dividends Paid — Minority	140.9	—	—	—	—
+ Other Inflows / (Outflows) — Financing	4,103.4	-3,366.4	-189.0	-222.0	—
Cash from Financing Activities	-26,242.9	-37,006.0	-18,786.0	-1,344.0	—
Net Changes in Cash (pre-FX)	-7,659.1	8,081.3	-3,278.0	-13,113.0	—
+ Effect of FX Rate Changes on Cash	1,387.0	46.5	-2,388.0	1,644.0	—
Net Changes in Cash	-6,272.1	8,127.8	-5,666.0	-11,469.0	—
Closing Cash	31,887.0	40,014.8	34,349.0	22,880.0	—
Reference Items
EBITDA	31,919.7	59,538.3	56,138.0	18,897.0	16,910.0
EBITDA Margin %	9.23	13.60	12.77	5.63	4.92
Free Cash Flow (CFO − Capex)	17,292.3	36,501.7	25,060.0	-23,241.0	-23,241.0
Free Cash Flow to Equity	—	9.0	-16,755.1	-20,898.0	—
Free Cash Flow per Basic Share	46.93	99.05	68.01	-63.07	-63.07
Cash Flow to Net Income	13.16	2.14	2.24	0.16	—
Cash Paid for Taxes	3,179.0	4,516.3	3,991.0	3,314.0	—
Cash Paid for Interest	9,336.0	9,332.3	5,814.0	5,111.0	—

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.

« ‹ › »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 ✓ 144%.