Adani Green Energy Limited (BOM:541450)

Adani Green Energy Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	18,740	16,520	14,440	11,000	9,740	4,890
Depreciation & Amortization	38,760	33,670	24,590	18,980	12,950	8,460
Other Amortization	50	50	60	50	50	30
Loss (Gain) on Sale of Assets	-150	170	930	210	390	20
Loss (Gain) on Sale of Investments	-1,210	-1,390	-1,530	-870	-350	-120
Change in Accounts Receivable	-1,960	-6,260	-2,220	8,930	-4,500	-1,090
Change in Inventory	-390	-350	1,900	-2,520	-270	120
Change in Accounts Payable	450	190	1,480	1,080	3,160	-1,720
Change in Other Net Operating Assets	9,740	80	170	-3,320	18,440	-1,560
Other Operating Activities	72,290	58,520	49,750	43,560	32,890	22,200
Operating Cash Flow	136,330	101,350	89,570	77,130	72,650	31,270
Operating Cash Flow Growth	65.95%	13.15%	16.13%	6.17%	132.33%	95.32%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-298,120	-260,970	-247,760	-157,730	-33,760	-148,590
Sale of Property, Plant & Equipment	580	1,050	150	730	380	40
Cash Acquisitions	-	-	-	-	-	-56,210
Investment in Securities	-25,910	-1,850	42,780	-61,840	-12,350	1,720
Other Investing Activities	-930	-500	6,560	8,240	7,160	9,560
Investing Cash Flow	-324,380	-262,270	-198,270	-210,600	-38,570	-193,480

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	11,140	13,150	29,580	-	34,560
Long-Term Debt Issued	-	362,770	410,000	303,860	208,370	296,920
Total Debt Issued	364,590	373,910	423,150	333,440	208,370	331,480
Short-Term Debt Repaid	-	-	-	-	-62,760	-
Long-Term Debt Repaid	-	-201,000	-250,740	-171,280	-162,110	-139,630
Lease Payments	-1,500	-1,950	-590	-2,120	-1,830	-480
Total Debt Repaid	-107,520	-201,000	-250,740	-171,280	-224,870	-139,630
Net Debt Issued (Repaid)	257,070	172,910	172,410	162,160	-16,500	191,850
Issuance of Common Stock	-	70,120	-	-	38,980	850
Common Dividends Paid	-	-1,880	-	-	-820	-820
Other Financing Activities	-78,980	-85,000	-57,660	-22,630	-51,390	-32,020
Financing Cash Flow	178,090	156,150	114,750	139,530	-29,730	159,860

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	6,180
Net Cash Flow	-9,960	-4,770	6,050	6,060	4,350	3,830

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-161,790	-159,620	-158,190	-80,600	38,890	-117,320
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	-108.77%	-122.85%	-139.06%	-87.19%	49.92%	-228.12%
Free Cash Flow Per Share	-99.09	-97.59	-99.86	-50.83	24.59	-75.01
Levered Free Cash Flow	-253,254	-252,139	-140,916	-178,016	-2,756	-145,129
Unlevered Free Cash Flow	-195,985	-200,870	-105,741	-150,104	17,831	-130,285
Free Cash Flow After Leases	-163,290	-161,570	-158,780	-82,720	37,060	-117,800

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	72,860	76,970	51,760	46,010	51,390	32,020
Cash Income Tax Paid	1,270	1,430	2,220	500	-110	200
Change in Working Capital	7,840	-6,340	1,330	4,170	16,830	-4,250

Data Source: S&P Global Market Intelligence Last updated: Sep 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:

Oct 27, 2026

Data Sources Report a data error