TVS Holdings cash flow

Latest FY26

Cash from operations: ₹1,137cr−67.8% on FY25
Capital spending: ₹3,293cr+32.6% on FY25
Free cash flow: −₹2,156cr₹1,052 cr in FY25
Cash from financing: ₹1,792cr+13.5% 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.
	—	1,406	1,067	1,030	986
	—	0.0	0.0	0.0	256
	—	−43.3	−27.2	−22.1	−125
	—	0.0	0.0	−0.7	−0.0
	—	80.5	−125	−65.9	−84.7
	—	19.7	33.1	0.0	0.0
	—	−63.3	10.0	8.1	−8.9
	—	−3.7	21.6	0.0	0.0
	—	−4,829	−829	0.0	−3.0
	—	0.0	−0.1	0.0	0.0
	—	−42.6	1,619	−1,703	−319
	—	−853	200	−391	−97.6
	—	0.0	0.0	0.0	−6,531
	—	−725	−325	0.0	−129
	—	0.0	−220	−4,794	0.0
	—	−536	0.0	0.0	−363
	—	−15.8	−14.8	−5.2	−21.3
	—	32.3	3.0	−320	151
	—	2,284	0.0	0.0	565
	—	0.0	775	1,236	0.0
	—	450	165	0.0	40.8
	—	0.0	0.0	486	0.0
	—	115	0.0	0.0	244
	—	0.0	−1,531	1,731	0.0
	—	155	92.4	0.0	−2.2
Cash from operating activities
	6,539	5,160	3,668	2,830	2,053
	—	−2,570	914	−2,810	−5,441
	—	2,590	4,582	20.1	−3,388
	—	−314	−230	−291	0.0
	—	1,767	1,277	1,177	722
	—	1,137	3,535	−867	−4,111
Cash from investing activities
	—	3,293	2,483	1,120	1,485
	—	91.6	30.0	645	21.9
	—	4.3	3.7	0.0	0.0
	—	0.0	108	0.0	0.0
	—	0.0	0.0	−2,020	0.0
	—	192	1,161	581	298
	—	341	0.0	65.9	1.3
	—	0.0	0.0	0.0	87.2
	—	0.0	255	0.0	0.0
	—	0.0	0.0	0.7	0.0
	—	41.8	25.9	22.1	125
	—	0.0	0.0	480	283
	—	−3,015	−3,227	1,533	−1,439
Cash from financing activities
	—	0.0	−42.7	0.0	0.0
	—	−6.1	95.3	0.0	0.0
	—	231	0.0	0.0	0.0
	—	2,699	2,332	1,149	6,641
	—	438	240	203	147
	—	249	407	291	244
	—	458	424	381	272
	—	0.0	370	0.0	0.0
	—	1,792	1,579	275	5,979
	—	−85.7	1,886	941	429
	—	−85.7	1,886	941	429
	—	—	—	2,821	1,879
Reference items
	10,724	9,163	6,918	5,874	4,248
	15.7%	15.8%	15.4%	14.6%	12.7%
	−2,156	−2,156	1,052	−1,986	−5,596
	—	1,263	6,901	−1,057	—
	−₹1,065.11	−₹1,065.11	₹519.92	−₹981.39	−₹2,764.76
	—	0.34×	1.47×	−0.49×	−3.08×
	—	1,767	1,277	1,177	722
	—	249	407	291	244

Open the chart

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

alphave

TVSHLTD₹12,194.00

TVS Holdings Limited

· Banking & Finance

₹ CrorePeersJSWHL PILANIINVS NSIL RANEHOLDIN KICL SCILAL BFINVEST SUMMITSECMcap ₹24,681 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	985.8	1,030.0	1,066.9	1,405.8	—
+ Finance Costs	256.5	0.0	0.0	0.0	—
+ Interest Income	-124.5	-22.1	-27.2	-43.3	—
+ Dividend Income	-0.0	-0.7	0.0	0.0	—
+ Fair Value (Gains) / Losses	-84.7	-65.9	-125.3	80.5	—
+ Share-based Payments	0.0	0.0	33.1	19.7	—
+ Unrealised FX (Gain) / Loss	-8.9	8.1	10.0	-63.3	—
+ Other Non-cash Items	0.0	0.0	21.6	-3.7	—
+ Other — Cash Effects are Investing / Financing	-3.0	0.0	-828.7	-4,829.4	—
+ Other Reconciling Items	0.0	0.0	-0.1	0.0	—
Changes in Working Capital
+ Inventories	-318.7	-1,703.3	1,618.8	-42.6	—
+ Trade Receivables — Current	-97.6	-390.8	200.4	-853.2	—
+ Trade Receivables — Non-current	-6,530.9	0.0	0.0	0.0	—
+ Other Financial Assets — Current	-128.6	0.0	-325.2	-724.6	—
+ Other Financial Assets — Non-current	0.0	-4,794.0	-220.3	0.0	—
+ Other Current Assets	-363.4	0.0	0.0	-535.6	—
+ Other Non-current Assets	-21.3	-5.2	-14.8	-15.8	—
+ Other Bank Balances	150.9	-319.9	3.0	32.3	—
+ Trade Payables — Current	564.7	0.0	0.0	2,283.9	—
+ Trade Payables — Non-current	0.0	1,236.1	775.2	0.0	—
+ Other Financial Liabilities — Current	40.8	0.0	164.7	449.7	—
+ Other Financial Liabilities — Non-current	0.0	486.5	0.0	0.0	—
+ Other Current Liabilities	243.8	0.0	0.0	114.9	—
+ Other Non-current Liabilities	0.0	1,731.1	-1,530.7	0.0	—
+ Provisions — Current	-2.2	0.0	92.4	155.1	—
Cash from Operating Activities
Profit Before Tax (per I/S)	2,053.1	2,830.0	3,668.2	5,159.6	6,539.2
+ Total Adjustments (incl. Working Capital)	-5,441.3	-2,810.0	913.7	-2,569.7	—
Cash from Operations (pre-tax)	-3,388.2	20.1	4,581.9	2,589.9	—
+ Interest Paid — Operating	0.0	-290.5	-229.9	-314.3	—
+ Income Taxes Paid	722.4	1,177.1	1,276.9	1,766.9	—
Cash from Operating Activities	-4,110.6	-866.6	3,534.9	1,137.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,485.2	1,119.8	2,482.6	3,293.1	—
+ Disp of Fixed Assets	21.9	645.0	30.0	91.6	—
+ Acq of Investment Property	0.0	0.0	3.7	4.3	—
+ Disp of Investment Property	0.0	0.0	108.4	0.0	—
+ Acq of Other Long-term Assets	0.0	-2,019.9	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	297.8	581.1	1,160.6	191.7	—
+ Sale of Investments (Equity / Debt)	1.3	65.9	0.0	341.2	—
+ Acq of Interests in Joint Ventures	87.2	0.0	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	255.2	0.0	—
+ Dividends Received — Investing	0.0	0.7	0.0	0.0	—
+ Interest Received — Investing	124.5	22.1	25.9	41.8	—
+ Other Inflows / (Outflows) — Investing	283.2	480.0	0.0	0.0	—
Cash from Investing Activities	-1,439.3	1,532.7	-3,227.3	-3,014.6	—
Cash from Financing Activities
+ Buyback / Redemption of Own Shares	0.0	0.0	-42.7	0.0	—
+ Payments for Other Equity Instruments	0.0	0.0	95.3	-6.1	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	0.0	230.9	—
+ Proceeds from Borrowings	6,641.5	1,149.2	2,331.9	2,699.0	—
+ Payment of Lease Liabilities	146.8	202.7	239.7	437.6	—
+ Interest Paid	244.5	290.5	406.5	249.2	—
+ Dividends Paid	271.7	380.8	424.5	457.6	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	369.9	0.0	—
Cash from Financing Activities	5,978.6	275.3	1,578.6	1,791.6	—
Net Changes in Cash (pre-FX)	428.6	941.4	1,886.2	-85.7	—
Net Changes in Cash	428.6	941.4	1,886.2	-85.7	—
Closing Cash	1,879.5	2,820.9	—	—	—
Reference Items
EBITDA	4,248.4	5,873.9	6,918.5	9,163.2	10,724.5
EBITDA Margin %	12.66	14.59	15.38	15.76	15.74
Free Cash Flow (CFO − Capex)	-5,595.9	-1,986.3	1,052.3	-2,155.8	-2,155.8
Free Cash Flow to Equity	—	-1,057.4	6,901.3	1,263.4	—
Free Cash Flow per Basic Share	-2,764.76	-981.39	519.92	-1,065.11	-1,065.11
Cash Flow to Net Income	-3.08	-0.49	1.47	0.34	—
Cash Paid for Taxes	722.4	1,177.1	1,276.9	1,766.9	—
Cash Paid for Interest	244.5	290.5	406.5	249.2	—

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%.