Adani Green Energy Limited (NSE:ADANIGREEN)

Adani Green Energy 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	16,520	14,440	11,000	9,740	4,890
Depreciation & Amortization	33,670	24,590	18,980	12,950	8,460
Other Amortization	50	60	50	50	30
Loss (Gain) on Sale of Assets	170	930	210	390	20
Loss (Gain) on Sale of Investments	-1,390	-1,530	-870	-350	-120
Change in Accounts Receivable	-6,260	-2,220	8,930	-4,500	-1,090
Change in Inventory	-350	1,900	-2,520	-270	120
Change in Accounts Payable	190	1,480	1,080	3,160	-1,720
Change in Other Net Operating Assets	80	170	-3,320	18,440	-1,560
Other Operating Activities	58,520	49,750	43,560	32,890	22,200
Operating Cash Flow	101,350	89,570	77,130	72,650	31,270
Operating Cash Flow Growth	13.15%	16.13%	6.17%	132.33%	95.32%

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	-260,970	-247,760	-157,730	-33,760	-148,590
Sale of Property, Plant & Equipment	1,050	150	730	380	40
Cash Acquisitions	-	-	-	-	-56,210
Investment in Securities	-1,850	42,780	-61,840	-12,350	1,720
Other Investing Activities	-500	6,560	8,240	7,160	9,560
Investing Cash Flow	-262,270	-198,270	-210,600	-38,570	-193,480

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	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	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
Total Debt Repaid	-201,000	-250,740	-171,280	-224,870	-139,630
Net Debt Issued (Repaid)	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	-85,000	-57,660	-22,630	-51,390	-32,020
Financing Cash Flow	156,150	114,750	139,530	-29,730	159,860

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	-	-	-	-	6,180
Net Cash Flow	-4,770	6,050	6,060	4,350	3,830

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	-159,620	-158,190	-80,600	38,890	-117,320
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Margin	-122.85%	-139.06%	-87.19%	49.92%	-228.12%
Free Cash Flow Per Share	-97.59	-99.86	-50.83	24.59	-75.01
Levered Free Cash Flow	-252,139	-140,916	-178,016	-2,756	-145,129
Unlevered Free Cash Flow	-200,870	-105,741	-150,104	17,831	-130,285

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	76,970	51,760	46,010	51,390	32,020
Cash Income Tax Paid	1,430	2,220	500	-110	200
Change in Working Capital	-6,340	1,330	4,170	16,830	-4,250

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 7, 2026

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