Transport Corporation of India cash flow

Latest FY26

Cash from operations: ₹444cr+23.7% on FY25
Capital spending: ₹414cr+16.8% on FY25
Free cash flow: ₹30.9cr+494.2% on FY25
Cash from financing: −₹35.1cr−₹292 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.
	—	127	118	129	121
	—	22.8	20.1	13.3	9.8
	—	−16.2	−23.4	−26.1	−10.5
	—	0.0	0.0	−0.1	−0.0
	—	−0.2	0.0	0.0	0.0
	—	6.5	6.2	5.8	0.0
	—	−0.1	−0.1	0.0	−0.3
	—	0.0	0.0	0.0	−5.0
	—	1.2	2.0	−1.3	9.8
	—	−4.1	0.0	0.0	0.0
	—	0.0	−3.8	4.5	−2.7
	—	−8.2	4.0	−5.5	3.5
	—	−95.6	−123	−40.8	−55.6
	—	9.9	−41.8	−10.8	−17.4
	—	−3.0	19.9	−30.3	8.6
	—	13.9	−21.4	2.1	−8.1
	—	29.3	40.8	−10.3	−21.1
	—	−1.4	34.5	−2.9	11.7
	—	24.4	−11.7	−3.3	2.4
	—	2.9	6.8	3.3	3.2
Cash from operating activities
	421	415	370	312	320
	—	109	26.9	26.1	59.6
	—	525	397	338	379
	—	80.2	37.5	38.9	18.6
	—	444	359	299	361
Cash from investing activities
	—	414	354	243	156
	—	1.3	4.8	0.9	3.1
	—	0.0	0.0	250	81.5
	—	0.0	0.0	12.6	1.1
	—	23.0	11.9	0.0	0.0
	—	−26.7	163	0.0	0.0
	—	0.1	0.5	0.1	−0.1
	—	76.8	74.3	53.0	31.4
	—	17.4	22.5	22.5	8.8
	—	0.7	2.1	0.0	0.0
	—	−367	−99.3	−404	−193
Cash from financing activities
	—	5.2	4.6	3.5	3.5
	—	0.0	197	0.0	0.0
	—	96.1	49.1	95.8	39.0
	—	32.7	44.2	8.0	38.4
	—	19.3	12.8	9.6	8.7
	—	14.7	14.1	9.2	6.6
	—	69.7	77.4	54.9	54.3
	—	−35.1	−292	17.6	−65.5
	—	42.2	−32.1	−86.8	102
	—	42.2	−32.1	−86.8	102
	—	—	—	83.1	170
Reference items
	549	517	461	411	424
	10.5%	10.5%	10.3%	10.2%	11.2%
	30.9	30.9	5.2	56.8	205
	—	79.7	−10.7	142	—
	₹4.04	₹4.04	₹0.68	₹7.42	₹26.75
	217.36×	—	—	—	—
	—	0.97×	0.86×	0.84×	1.12×
	—	80.2	37.5	38.9	18.6
	—	14.7	14.1	9.2	6.6

Open the chart

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

alphave

TCI₹877.95

Transport Corporation of India Limited

· Consumer Services

₹ CrorePeersTVSSCS VRLLOG MAHLOG SHADOWFAX GATEWAY TCIEXP ALLCARGO NAVKARCORPMcap ₹6,716 Cr

View

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	121.4	128.5	117.8	127.3	—
+ Finance Costs	9.8	13.3	20.1	22.8	—
+ Interest Income	-10.5	-26.1	-23.4	-16.2	—
+ Dividend Income	-0.0	-0.1	0.0	0.0	—
+ Fair Value (Gains) / Losses	0.0	0.0	0.0	-0.2	—
+ Share-based Payments	0.0	5.8	6.2	6.5	—
+ Unrealised FX (Gain) / Loss	-0.3	0.0	-0.1	-0.1	—
+ Undistributed Profits of Associates	-5.0	0.0	0.0	0.0	—
+ Other Non-cash Items	9.8	-1.3	2.0	1.2	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-4.1	—
+ Other Reconciling Items	-2.7	4.5	-3.8	0.0	—
Changes in Working Capital
+ Inventories	3.5	-5.5	4.0	-8.2	—
+ Trade Receivables — Current	-55.6	-40.8	-123.0	-95.6	—
+ Other Financial Assets — Current	-17.4	-10.8	-41.8	9.9	—
+ Other Current Assets	8.6	-30.3	19.9	-3.0	—
+ Other Bank Balances	-8.1	2.1	-21.4	13.9	—
+ Trade Payables — Current	-21.1	-10.3	40.8	29.3	—
+ Other Financial Liabilities — Current	11.7	-2.9	34.5	-1.4	—
+ Other Current Liabilities	2.4	-3.3	-11.7	24.4	—
+ Provisions — Current	3.2	3.3	6.8	2.9	—
Cash from Operating Activities
Profit Before Tax (per I/S)	319.7	312.2	369.8	415.2	420.9
+ Total Adjustments (incl. Working Capital)	59.6	26.1	26.9	109.4	—
Cash from Operations (pre-tax)	379.3	338.3	396.7	524.6	—
+ Income Taxes Paid	18.6	38.9	37.5	80.2	—
Cash from Operating Activities	360.7	299.4	359.2	444.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	156.0	242.6	354.0	413.5	—
+ Disp of Fixed Assets	3.1	0.9	4.8	1.3	—
+ Acq of Investment Property	81.5	250.1	0.0	0.0	—
+ Disp of Investment Property	1.1	12.6	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	11.9	23.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	163.4	-26.7	—
+ Loans & Advances Made	-0.1	0.1	0.5	0.1	—
+ Dividends Received — Investing	31.4	53.0	74.3	76.8	—
+ Interest Received — Investing	8.8	22.5	22.5	17.4	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	2.1	0.7	—
Cash from Investing Activities	-193.1	-403.8	-99.3	-367.1	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	3.5	3.5	4.6	5.2	—
+ Buyback / Redemption of Own Shares	0.0	0.0	197.2	0.0	—
+ Proceeds from Borrowings	39.0	95.8	49.1	96.1	—
+ Repayment of Borrowings	38.4	8.0	44.2	32.7	—
+ Payment of Lease Liabilities	8.7	9.6	12.8	19.3	—
+ Interest Paid	6.6	9.2	14.1	14.7	—
+ Dividends Paid	54.3	54.9	77.4	69.7	—
Cash from Financing Activities	-65.5	17.6	-292.0	-35.1	—
Net Changes in Cash (pre-FX)	102.1	-86.8	-32.1	42.2	—
Net Changes in Cash	102.1	-86.8	-32.1	42.2	—
Closing Cash	169.9	83.1	—	—	—
Reference Items
EBITDA	424.0	410.5	461.1	517.1	548.9
EBITDA Margin %	11.21	10.20	10.27	10.52	10.54
Free Cash Flow (CFO − Capex)	204.6	56.8	5.2	30.9	30.9
Free Cash Flow to Equity	—	142.1	-10.7	79.7	—
Free Cash Flow per Basic Share	26.75	7.42	0.68	4.04	4.04
Price to Free Cash Flow	—	—	—	—	217.36
Cash Flow to Net Income	1.12	0.84	0.86	0.97	—
Cash Paid for Taxes	18.6	38.9	37.5	80.2	—
Cash Paid for Interest	6.6	9.2	14.1	14.7	—

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%.