Tata Steel cash flow

Latest FY26

Cash from operations: ₹35,064cr+49.1% on FY25
Capital spending: ₹14,559cr−7.1% on FY25
Free cash flow: ₹20,505cr+161.5% on FY25
Cash from financing: −₹21,387cr−₹7,002 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.
	—	11,955	10,421	9,882	9,335
	—	7,167	7,341	7,508	6,299
	—	−906	−1,037	−713	−640
	—	−107	−71.4	−51.4	−39.7
	—	−298	−15.9	−154	−1,794
	—	−163	−1,560	153	0.8
	—	971	629	6,702	−69.6
	—	1,290	4,776	5,566	−4,031
	—	−446	1,137	2,599	3,394
	—	4,599	−3,706	−4,781	−3,069
Cash from operating activities
	16,354	15,600	8,222	−1,089	17,817
	—	24,061	17,914	26,709	9,385
	—	39,661	26,136	25,620	27,202
	—	4,597	2,624	5,320	5,519
	—	35,064	23,512	20,301	21,683
Cash from investing activities
	—	14,559	15,671	18,207	14,142
	—	863	514	475	328
	—	553	393	4.0	326
	—	19.9	554	3,171	5,191
	—	2,846	6.0	0.0	10,569
	—	611	28.1	123	166
	—	32.1	2.5	7.3	20.9
	—	43.7	0.0	0.0	102
	—	533	0.0	0.0	0.0
	—	408	294	336	317
	—	650	242	333	248
	—	−42.9	267	−472	26.6
	—	−14,905	−14,173	−14,251	−18,680
Cash from financing activities
	—	0.0	0.0	0.0	1.4
	—	19.7	30.0	157	0.0
	—	0.0	3,000	0.0	0.0
	—	15,954	20,893	14,120	16,769
	—	23,897	17,597	11,751	10,226
	—	1,162	971	0.0	0.0
	—	—	—	1,140	1,114
	—	8,066	8,119	8,145	6,120
	—	4,490	4,490	4,429	6,293
	—	293	312	404	2.2
	—	−21,387	−7,002	−11,097	−6,981
	—	−1,228	2,337	−5,048	−3,977
	—	508	187	−1.3	500
	—	−720	2,524	−5,049	−3,477
	—	8,885	9,605	7,081	12,130
Reference items
	36,189	34,352	25,298	22,306	32,300
	15.1%	14.8%	11.6%	9.7%	13.3%
	20,505	20,505	7,841	2,094	7,541
	—	10,020	7,441	−3,861	—
	₹16.44	₹16.44	₹6.29	₹1.68	₹6.04
	10.31×	—	—	—	—
	—	3.22×	7.41×	−4.13×	2.69×
	—	4,597	2,624	5,320	5,519
	—	8,066	8,119	8,145	6,120

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

alphave

TATASTEEL₹169.46

Tata Steel Ltd.

· Metal & Mining

₹ CrorePeersJSWSTEEL SAIL JINDALSTEL ADANIENT HINDALCO HINDZINC VEDL NMDCMcap ₹2.11L 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	9,335.2	9,882.2	10,421.3	11,954.5	—
+ Finance Costs	6,298.7	7,507.6	7,341.0	7,167.1	—
+ Interest Income	-640.1	-713.1	-1,037.2	-906.5	—
+ Dividend Income	-39.7	-51.4	-71.4	-106.8	—
+ Unrealised FX (Gain) / Loss	-1,794.0	-153.9	-15.9	-298.2	—
+ Other Non-cash Items	0.8	152.5	-1,559.5	-162.9	—
+ Other — Cash Effects are Investing / Financing	-69.6	6,701.9	628.7	971.3	—
Changes in Working Capital
+ Inventories	-4,031.4	5,565.7	4,776.0	1,290.1	—
+ Trade Receivables — Current	3,393.9	2,599.4	1,137.2	-446.5	—
+ Trade Payables — Current	-3,069.1	-4,781.3	-3,706.1	4,598.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	17,817.0	-1,089.1	8,222.1	15,600.2	16,354.2
+ Total Adjustments (incl. Working Capital)	9,384.8	26,709.5	17,914.0	24,060.8	—
Cash from Operations (pre-tax)	27,201.8	25,620.4	26,136.0	39,661.0	—
+ Income Taxes Paid	5,518.8	5,319.7	2,624.2	4,596.6	—
Cash from Operating Activities	21,683.1	20,300.7	23,511.8	35,064.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	14,142.5	18,206.6	15,670.5	14,559.1	—
+ Disp of Fixed Assets	327.7	475.4	514.0	862.8	—
+ Purchase of Investments (Equity / Debt)	326.3	4.0	392.8	552.9	—
+ Sale of Investments (Equity / Debt)	5,190.6	3,170.6	554.0	19.9	—
+ Acq of Subsidiaries / Businesses (net)	10,569.0	0.0	6.0	2,845.9	—
+ Disp of Subsidiaries / Businesses (net)	166.4	123.2	28.1	610.7	—
+ Loans & Advances Made	20.9	7.3	2.5	32.1	—
+ Loans & Advances Repaid	102.5	0.0	0.0	43.7	—
+ Government Grants Received	0.0	0.0	0.0	533.3	—
+ Dividends Received — Investing	317.0	336.2	293.5	407.7	—
+ Interest Received — Investing	248.1	333.3	242.2	649.5	—
+ Other Inflows / (Outflows) — Investing	26.6	-472.2	267.4	-42.9	—
Cash from Investing Activities	-18,679.8	-14,251.4	-14,172.7	-14,905.3	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	1.4	0.0	0.0	0.0	—
+ Payments — Change in Ownership of Subsidiaries	0.0	157.4	30.0	19.7	—
+ Proceeds from Debentures / Notes / Bonds	0.0	0.0	3,000.0	0.0	—
+ Proceeds from Borrowings	16,768.7	14,120.4	20,893.0	15,953.5	—
+ Repayment of Borrowings	10,226.1	11,750.9	17,596.7	23,896.8	—
+ Payment of Lease Liabilities	0.0	0.0	971.4	1,162.1	—
+ Payment of Finance Lease Liabilities	1,114.4	1,139.7	—	—	—
+ Interest Paid	6,119.7	8,144.6	8,119.2	8,065.6	—
+ Dividends Paid	6,292.6	4,428.8	4,489.9	4,489.9	—
+ Other Inflows / (Outflows) — Financing	2.2	404.0	311.7	293.4	—
Cash from Financing Activities	-6,980.7	-11,097.0	-7,002.4	-21,387.1	—
Net Changes in Cash (pre-FX)	-3,977.5	-5,047.8	2,336.6	-1,228.0	—
+ Effect of FX Rate Changes on Cash	500.4	-1.3	187.5	508.0	—
Net Changes in Cash	-3,477.1	-5,049.1	2,524.1	-720.0	—
Closing Cash	12,129.9	7,080.8	9,605.0	8,885.0	—
Reference Items
EBITDA	32,300.2	22,305.9	25,298.5	34,352.4	36,189.2
EBITDA Margin %	13.27	9.73	11.58	14.80	15.09
Free Cash Flow (CFO − Capex)	7,540.6	2,094.1	7,841.3	20,505.4	20,505.4
Free Cash Flow to Equity	—	-3,861.4	7,441.1	10,020.5	—
Free Cash Flow per Basic Share	6.04	1.68	6.29	16.44	16.44
Price to Free Cash Flow	—	—	—	—	10.31
Cash Flow to Net Income	2.69	-4.13	7.41	3.22	—
Cash Paid for Taxes	5,518.8	5,319.7	2,624.2	4,596.6	—
Cash Paid for Interest	6,119.7	8,144.6	8,119.2	8,065.6	—

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 ✓ 193%.