TVS Motor Company cash flow

Latest FY26

Cash from operations: ₹1,867cr−46.7% on FY25
Capital spending: ₹3,235cr+30.5% on FY25
Free cash flow: −₹1,368cr₹1,025 cr in FY25
Cash from financing: ₹909cr−21.3% 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.
	—	1,273	1,046	975	859
	—	309	230	274	200
	—	−41.9	−27.2	−22.1	−11.0
	—	0.0	0.0	−0.7	−0.0
	—	87.8	78.3	26.9	−107
	—	19.7	33.1	0.0	0.0
	—	−63.3	0.0	10.8	0.6
	—	0.0	0.0	−43.5	0.0
	—	0.0	9.9	−4.8	−0.0
	—	−19.6	−105	−92.9	−2.7
	—	0.0	22.5	−43.5	0.0
	—	−42.6	−168	−327	−314
	—	−875	111	−590	−70.9
	—	−468	−325	15.5	0.0
	—	−3,987	−829	−170	−138
	—	−842	−331	105	−359
	—	337	35.5	−4,925	18.3
	—	2,274	924	1,538	517
	—	484	141	49.0	0.0
	—	0.0	0.0	0.0	−6,542
	—	104	125	36.9	161
	—	80.0	99.7	61.4	0.0
	—	0.0	0.0	0.0	15.7
Cash from operating activities
	5,994	4,863	3,579	2,746	1,977
	—	−1,371	1,070	−3,040	−5,774
	—	3,492	4,650	−293	−3,797
	—	1,626	1,147	959	608
	—	1,867	3,503	−1,253	−4,405
Cash from investing activities
	—	3,235	2,478	1,145	1,341
	—	0.0	19.0	34.6	21.9
	—	4.3	0.0	0.0	0.0
	—	88.9	−3.7	0.0	0.0
	—	187	424	223	266
	—	335	56.3	216	0.0
	—	0.0	98.5	388	122
	—	0.0	4.2	480	317
	—	4.0	0.0	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	41.8	25.9	23.6	12.6
	—	0.0	0.0	0.0	68.8
	—	−2,964	−2,899	−1,001	−1,308
Cash from financing activities
	—	6.1	0.0	0.0	0.0
	—	0.0	−42.7	0.0	0.0
	—	28.5	0.0	0.0	0.0
	—	3,556	2,328	3,844	6,588
	—	1,448	0.0	182	0.0
	—	414	238	196	128
	—	249	407	284	112
	—	570	475	380	292
	—	0.0	−95.3	−44.0	62.3
	—	909	1,155	2,759	6,118
	—	−189	1,759	505	406
	—	−189	1,759	505	406
	—	3,926	—	2,356	1,851
Reference items
	9,540	8,393	6,649	5,543	4,067
	14.5%	15.0%	15.1%	14.2%	12.7%
	−1,368	−1,368	1,025	−2,398	−5,746
	—	2,391	2,947	979	—
	−₹28.80	−₹28.80	₹21.57	−₹50.47	−₹120.93
	—	0.59×	1.47×	−0.70×	−3.36×
	—	1,626	1,147	959	608
	—	249	407	284	112

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

alphave

TVSMOTOR₹4,280.00

TVS Motor Company Ltd.

· Auto & Mobility

₹ CrorePeersHEROMOTOCO BAJAJ-AUTO EICHERMOT HYUNDAI BOSCHLTD MOTHERSON TMPV MARUTIMcap ₹2.03L 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	858.9	975.1	1,045.6	1,272.6	—
+ Finance Costs	199.6	274.1	229.9	308.7	—
+ Interest Income	-11.0	-22.1	-27.2	-41.9	—
+ Dividend Income	-0.0	-0.7	0.0	0.0	—
+ Fair Value (Gains) / Losses	-107.4	26.9	78.3	87.8	—
+ Share-based Payments	0.0	0.0	33.1	19.7	—
+ Unrealised FX (Gain) / Loss	0.6	10.8	0.0	-63.3	—
+ Undistributed Profits of Associates	0.0	-43.5	0.0	0.0	—
+ Other Non-cash Items	-0.0	-4.8	9.9	0.0	—
+ Other — Cash Effects are Investing / Financing	-2.7	-92.9	-105.3	-19.6	—
+ Other Reconciling Items	0.0	-43.5	22.5	0.0	—
Changes in Working Capital
+ Inventories	-314.0	-326.9	-168.2	-42.6	—
+ Trade Receivables — Current	-70.9	-590.0	110.5	-874.8	—
+ Other Financial Assets — Current	0.0	15.5	-324.9	-467.8	—
+ Other Financial Assets — Non-current	-138.1	-169.6	-828.7	-3,986.7	—
+ Other Current Assets	-358.8	104.9	-330.6	-842.2	—
+ Other Non-current Assets	18.3	-4,925.2	35.5	336.9	—
+ Trade Payables — Current	517.4	1,537.7	923.9	2,273.7	—
+ Other Financial Liabilities — Current	0.0	49.0	140.7	484.3	—
+ Other Financial Liabilities — Non-current	-6,542.4	0.0	0.0	0.0	—
+ Other Current Liabilities	161.1	36.9	125.4	104.5	—
+ Provisions — Current	0.0	61.4	99.7	80.0	—
+ Provisions — Non-current	15.7	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,976.8	2,746.4	3,579.5	4,862.8	5,994.2
+ Total Adjustments (incl. Working Capital)	-5,773.7	-3,039.6	1,070.1	-1,370.7	—
Cash from Operations (pre-tax)	-3,797.0	-293.3	4,649.6	3,492.1	—
+ Income Taxes Paid	607.9	959.4	1,146.7	1,625.5	—
Cash from Operating Activities	-4,404.8	-1,252.7	3,502.9	1,866.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,340.8	1,145.2	2,478.1	3,235.1	—
+ Disp of Fixed Assets	21.9	34.6	19.0	0.0	—
+ Acq of Investment Property	0.0	0.0	0.0	4.3	—
+ Disp of Investment Property	0.0	0.0	-3.7	88.9	—
+ Purchase of Investments (Equity / Debt)	265.6	223.3	424.1	186.8	—
+ Sale of Investments (Equity / Debt)	0.0	216.4	56.3	335.0	—
+ Acq of Subsidiaries / Businesses (net)	121.8	387.6	98.5	0.0	—
+ Disp of Subsidiaries / Businesses (net)	317.0	480.0	4.2	0.0	—
+ Investment in Partnership Firms / LLPs	0.0	0.0	0.0	4.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	12.6	23.6	25.9	41.8	—
+ Other Inflows / (Outflows) — Investing	68.8	0.0	0.0	0.0	—
Cash from Investing Activities	-1,307.7	-1,001.4	-2,899.0	-2,964.5	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	0.0	0.0	0.0	6.1	—
+ Payments for Other Equity Instruments	0.0	0.0	-42.7	0.0	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	0.0	28.5	—
+ Proceeds from Borrowings	6,587.7	3,844.1	2,327.6	3,555.7	—
+ Repayment of Borrowings	0.0	182.0	0.0	1,447.5	—
+ Payment of Lease Liabilities	128.0	195.7	238.2	414.1	—
+ Interest Paid	112.1	283.7	406.5	249.2	—
+ Dividends Paid	291.8	380.1	475.1	570.1	—
+ Other Inflows / (Outflows) — Financing	62.3	-44.0	-95.3	0.0	—
Cash from Financing Activities	6,118.1	2,758.6	1,155.2	909.3	—
Net Changes in Cash (pre-FX)	405.5	504.6	1,759.2	-188.6	—
Net Changes in Cash	405.5	504.6	1,759.2	-188.6	—
Closing Cash	1,851.2	2,355.8	—	3,926.5	—
Reference Items
EBITDA	4,067.4	5,543.4	6,648.7	8,393.3	9,540.1
EBITDA Margin %	12.72	14.16	15.08	14.97	14.55
Free Cash Flow (CFO − Capex)	-5,745.6	-2,397.8	1,024.9	-1,368.5	-1,368.5
Free Cash Flow to Equity	—	978.9	2,947.5	2,390.5	—
Free Cash Flow per Basic Share	-120.93	-50.47	21.57	-28.80	-28.80
Cash Flow to Net Income	-3.36	-0.70	1.47	0.59	—
Cash Paid for Taxes	607.9	959.4	1,146.7	1,625.5	—
Cash Paid for Interest	112.1	283.7	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%.