JSW Steel Limited (BOM:500228)

JSW Steel Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	223,160	35,040	88,120	41,440	206,650
Depreciation & Amortization	95,070	92,420	81,320	74,400	59,720
Other Amortization	940	670	400	340	290
Loss (Gain) From Sale of Assets	-179,330	1,320	930	520	720
Asset Writedown & Restructuring Costs	-	-	-	-	6,300
Loss (Gain) From Sale of Investments	-3,820	-470	-530	-1,400	-7,180
Loss (Gain) on Equity Investments	4,750	3,110	1,720	1,370	-9,170
Stock-Based Compensation	1,670	1,700	2,080	2,190	1,610
Provision & Write-off of Bad Debts	850	110	340	110	560
Other Operating Activities	145,310	81,900	82,550	83,210	75,840
Change in Accounts Receivable	-36,860	-8,660	-1,540	3,170	-18,840
Change in Inventory	-31,760	26,090	-32,840	7,040	-155,930
Change in Accounts Payable	40,530	-40,170	8,980	-40,130	130,130
Change in Other Net Operating Assets	-8,990	15,930	-110,750	60,970	-28,000
Operating Cash Flow	251,520	208,990	120,780	233,230	262,700
Operating Cash Flow Growth	20.35%	73.03%	-48.21%	-11.22%	39.50%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-146,540	-126,940	-158,010	-147,840	-100,910
Sale of Property, Plant & Equipment	1,120	590	2,540	350	430
Cash Acquisitions	-14,110	-	-6,300	-	-200
Divestitures	293,750	-	-	-	-
Sale (Purchase) of Real Estate	-	-	-	1,120	1,350
Investment in Securities	45,720	-50,960	6,190	28,450	-65,210
Other Investing Activities	6,960	7,340	9,200	10,810	4,670
Investing Cash Flow	186,900	-169,970	-146,380	-107,110	-159,870

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	16,500	-	9,670	17,920	-
Long-Term Debt Issued	-	-	198,910	179,500	170,430
Total Debt Issued	16,500	-	208,580	197,420	170,430
Short-Term Debt Repaid	-	-20,610	-	-	-44,400
Long-Term Debt Repaid	-221,590	-170,660	-169,600	-146,820	-200,680
Total Debt Repaid	-221,590	-191,270	-169,600	-146,820	-245,080
Net Debt Issued (Repaid)	-205,090	-191,270	38,980	50,600	-74,650
Issuance of Common Stock	-	-	60	590	720
Repurchase of Common Stock	-3,940	-440	-	-	-5,910
Common Dividends Paid	-6,850	-17,850	-8,220	-41,940	-15,710
Other Financing Activities	54,770	206,940	-80,870	-69,020	-51,020
Financing Cash Flow	-161,110	-2,620	-50,050	-59,770	-146,570

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	-420	-150	-70	-190	-30
Miscellaneous Cash Flow Adjustments	-880	-	1,780	-	12,420
Net Cash Flow	276,010	36,250	-73,940	66,160	-31,350

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	104,980	82,050	-37,230	85,390	161,790
Free Cash Flow Growth	27.95%	-	-	-47.22%	105.71%
Free Cash Flow Margin	5.66%	4.86%	-2.13%	5.15%	11.05%
Free Cash Flow Per Share	42.93	33.55	-15.28	35.33	66.93
Levered Free Cash Flow	47,279	19,170	-103,881	62,843	47,043
Unlevered Free Cash Flow	102,566	70,058	-55,575	103,230	76,205

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	89,220	88,350	80,870	69,020	51,020
Cash Income Tax Paid	32,250	19,730	27,790	6,380	53,790
Change in Working Capital	-37,080	-6,810	-136,150	31,050	-72,640

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 13, 2026

Data Sources Report a data error