TVS Motor Company Limited (BOM:532343)

TVS Motor Company 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	30,183	22,356	16,864	13,287	7,568
Depreciation & Amortization	9,997	8,183	8,175	7,093	6,403
Other Amortization	2,730	2,273	1,576	1,495	1,026
Loss (Gain) From Sale of Assets	-149.7	-91.5	-33.8	-26.5	-24.7
Loss (Gain) From Sale of Investments	832	-178.9	-625.4	-1,074	-2.3
Loss (Gain) on Equity Investments	410.6	741.2	434.7	407.3	-24.9
Stock-Based Compensation	196.6	330.8	-	-	-
Other Operating Activities	4,615	4,355	3,406	2,045	588
Change in Accounts Receivable	-8,748	1,105	-5,900	-951.6	-1,427
Change in Inventory	-426.2	-1,682	-3,269	-3,140	-2,749
Change in Accounts Payable	22,737	9,239	15,377	5,174	3,657
Change in Other Net Operating Assets	-43,711	-11,826	-48,885	-68,357	-30,765
Operating Cash Flow	18,666	35,029	-12,527	-44,048	-15,752
Operating Cash Flow Growth	-46.71%	-	-	-	-

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	-32,351	-24,781	-11,452	-13,408	-9,698
Sale of Property, Plant & Equipment	888.9	190	346.3	219.4	135.8
Cash Acquisitions	-	-	-3,876	-346.3	-6,200
Divestitures	-	41.5	1,686	3,858	2,280
Sale (Purchase) of Real Estate	-42.7	-36.8	-	-	-
Investment in Securities	1,442	-4,663	-1,754	-3,528	-1,344
Other Investing Activities	417.8	259.3	236.1	126.4	116.9
Investing Cash Flow	-29,645	-28,990	-14,814	-13,078	-14,709

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	35,557	10,258	-	11,198	6,203
Long-Term Debt Issued	-	13,019	38,441	54,679	27,330
Total Debt Issued	35,557	23,276	38,441	65,877	33,533
Short-Term Debt Repaid	-	-	-1,820	-	-
Long-Term Debt Repaid	-18,616	-2,382	-1,957	-1,280	-819.4
Total Debt Repaid	-18,616	-2,382	-3,777	-1,280	-819.4
Net Debt Issued (Repaid)	16,940	20,894	34,663	64,597	32,714
Issuance of Common Stock	60.8	-	-	-	-
Repurchase of Common Stock	-	-952.7	-	-	-
Common Dividends Paid	-5,701	-4,751	-3,801	-2,918	-1,904
Other Financing Activities	-2,207	-3,638	1,524	-498.1	-1,630
Financing Cash Flow	9,093	11,552	32,386	61,181	29,180

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
Net Cash Flow	-1,886	17,592	5,046	4,055	-1,281

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	-13,685	10,249	-23,978	-57,456	-25,450
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Margin	-2.44%	2.32%	-6.17%	-17.90%	-10.44%
Free Cash Flow Per Share	-28.80	21.57	-50.47	-120.94	-53.57
Levered Free Cash Flow	-15,430	-4,887	-7,574	-22,336	-12,506
Unlevered Free Cash Flow	-1,555	8,133	4,338	-13,862	-6,988

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	2,492	4,065	2,837	1,121	1,557
Cash Income Tax Paid	16,255	11,467	9,594	6,079	3,662
Change in Working Capital	-30,148	-3,163	-42,676	-67,275	-31,285

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 11, 2026

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