Bharat Forge Limited (NSE:BHARATFORG)

Bharat Forge 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	10,797	9,412	9,511	5,284	10,818
Depreciation & Amortization	9,545	8,601	8,343	7,241	7,154
Other Amortization	163.85	135.2	139.45	115.27	62.36
Loss (Gain) From Sale of Assets	-185.34	14.87	35.67	-42.72	-223.46
Asset Writedown & Restructuring Costs	404.99	1,345	-	-	86.77
Loss (Gain) From Sale of Investments	-420.41	-642.21	-844.92	-778.55	-774.73
Loss (Gain) on Equity Investments	94.71	37.07	-53.15	334.38	330.2
Stock-Based Compensation	-	-	89.96	21.11	16.29
Provision & Write-off of Bad Debts	143.12	155.67	287.79	142.9	117.04
Other Operating Activities	3,361	2,363	3,371	991.48	-258.86
Change in Accounts Receivable	-7,090	2,510	-1,081	-7,688	-8,035
Change in Inventory	-3,879	-3,838	-855.8	-3,623	-9,076
Change in Accounts Payable	4,420	910.48	1,294	4,339	4,329
Change in Other Net Operating Assets	-2,488	-3,040	-3,593	6,609	514.48
Operating Cash Flow	14,866	17,963	16,644	12,945	5,058
Operating Cash Flow Growth	-17.24%	7.93%	28.58%	155.90%	-50.41%

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	-11,405	-14,505	-15,240	-9,962	-10,683
Sale of Property, Plant & Equipment	274.32	65.4	237.01	263.18	1,037
Cash Acquisitions	-4,986	-	-533.08	-3,377	-1,442
Investment in Securities	5,498	-5,789	8,308	-3,818	4,046
Other Investing Activities	288.36	584.94	560.59	180.52	142.02
Investing Cash Flow	-10,330	-19,643	-6,667	-16,713	-6,901

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
Long-Term Debt Issued	142,833	88,514	95,195	77,102	66,810
Long-Term Debt Repaid	-142,704	-101,458	-88,526	-68,659	-60,293
Net Debt Issued (Repaid)	128.98	-12,944	6,669	8,443	6,517
Issuance of Common Stock	-	16,500	-	-	-
Common Dividends Paid	-3,797	-4,221	-3,801	-3,253	-1,642
Other Financing Activities	-752.28	-5,032	-4,896	-2,387	-1,774
Financing Cash Flow	-4,420	-5,697	-2,027	2,803	3,102

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	-53.11	1.51	12.89	57.58	3.56
Net Cash Flow	63.16	-7,375	7,962	-908.4	1,263

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	3,461	3,459	1,404	2,983	-5,625
Free Cash Flow Growth	0.08%	146.41%	-52.94%	-	-
Free Cash Flow Margin	2.06%	2.29%	0.90%	2.31%	-5.38%
Free Cash Flow Per Share	7.24	7.37	3.02	6.41	-12.08
Levered Free Cash Flow	9,541	-3,752	1,687	-3,588	-8,966
Unlevered Free Cash Flow	11,417	-1,350	4,550	-1,770	-8,051

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	3,752	4,729	4,896	2,387	1,444
Cash Income Tax Paid	5,646	6,050	5,185	4,172	3,525
Change in Working Capital	-9,037	-3,457	-4,236	-363.44	-12,269

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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