Adani Energy Solutions Limited (BOM:539254)

Adani Energy Solutions 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	22,825	10,600	11,373	12,563	12,046
Depreciation & Amortization	19,601	18,652	17,360	15,791	14,098
Other Amortization	181.7	407.7	400.9	286.8	173.4
Loss (Gain) on Sale of Assets	165.8	-38	-37.3	2	41.2
Loss (Gain) on Sale of Investments	-1,189	-1,259	-431	-212.4	-101.2
Change in Accounts Receivable	-15,025	3,273	-6,048	-3,950	-1,054
Change in Inventory	-442.1	-4,761	-1,034	982	-158.5
Change in Accounts Payable	19,670	9,672	929.7	2,196	4,335
Change in Other Net Operating Assets	29,883	13,772	12,090	-15,016	-8,763
Other Operating Activities	34,388	40,294	25,602	24,790	20,167
Operating Cash Flow	109,967	90,445	60,376	37,770	40,966
Operating Cash Flow Growth	21.58%	49.80%	59.85%	-7.80%	8.25%

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	-144,318	-93,781	-54,295	-47,022	-41,909
Cash Acquisitions	-505	-25,816	-347.9	-431	-1,435
Divestitures	-	8,150	-	-	-
Investment in Securities	22.1	-22,161	1,885	-10,051	-408.1
Other Investing Activities	3,912	-22,699	3,290	4,187	4,652
Investing Cash Flow	-140,829	-152,276	-49,430	-46,987	-39,480

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	4,553	-	3,613	7,312	-
Long-Term Debt Issued	165,687	72,518	54,590	51,696	82,116
Total Debt Issued	170,240	72,518	58,202	59,008	82,116
Short-Term Debt Repaid	-	-9,147	-	-	-5,111
Long-Term Debt Repaid	-104,647	-41,852	-31,552	-35,897	-55,958
Total Debt Repaid	-104,647	-50,999	-31,552	-35,897	-61,068
Net Debt Issued (Repaid)	65,594	21,519	26,650	23,111	21,048
Issuance of Common Stock	-	83,731	-	38,500	-
Repurchase of Common Stock	-	-	-	-30,755	-3.4
Common Dividends Paid	-	-	-857.8	-	-
Other Financing Activities	-39,291	-28,991	-31,225	-21,624	-23,393
Financing Cash Flow	26,303	76,259	-5,432	9,232	-2,349

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
Miscellaneous Cash Flow Adjustments	0.7	54.7	0.7	0.9	116.5
Net Cash Flow	-4,558	14,483	5,514	15.9	-746.3

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	-34,351	-3,336	6,081	-9,252	-942.5
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Margin	-12.45%	-1.40%	3.66%	-6.96%	-0.84%
Free Cash Flow Per Share	-28.59	-2.85	5.45	-8.31	-0.86
Levered Free Cash Flow	-121,189	-52,153	-33,253	-42,637	-10,726
Unlevered Free Cash Flow	-99,871	-32,558	-16,373	-25,514	3,923

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	40,931	29,839	32,297	22,219	23,651
Cash Income Tax Paid	4,291	2,287	3,001	2,456	2,669
Change in Working Capital	34,085	21,956	5,939	-15,788	-5,642

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 1, 2026

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