Emkay Global Financial Services Limited (NSE:EMKAY)

NSE:EMKAY 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	500.51	152.01	568.31	324.39	140.76	338.04
Depreciation & Amortization, Total	126.08	124.78	105.19	88.63	88.02	71.29
Gain (Loss) On Sale of Investments	-53.66	-4.5	-20.35	-21.34	-4.47	-62.3
Stock-Based Compensation	22.16	28.85	36.56	11.01	-0.9	32.39
Change in Accounts Receivable	-825.1	-780.81	310.24	-198.86	-164.43	-219.21
Change in Accounts Payable	-134.22	477.06	-53.69	886.36	-163.98	197.29
Change in Other Net Operating Assets	-1,066	-778.73	-1,008	-963.54	-494.72	183.92
Other Operating Activities	144.22	55.96	20.18	89.29	-44.2	65.83
Operating Cash Flow	-1,276	-717.27	-20.9	240.46	-634.1	597.42

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	-210.94	-87.62	-68.62	-86.47	-78.38	-48.08
Investment in Securities	-93.17	-52.99	-39.62	-0.96	111.02	-1.89
Other Investing Activities	8.2	8.48	6.61	6.18	16.22	8.95
Investing Cash Flow	-295.39	-131.82	-101.47	-81.13	50.73	-40.21

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	-	-	-	175.85	39.78	9.91
Long-Term Debt Issued	-	442	460	-	-	-
Total Debt Issued	1,003	442	460	175.85	39.78	9.91
Short-Term Debt Repaid	-	-	-325.54	-	-	-
Long-Term Debt Repaid	-	-38.88	-36.13	-31.79	-28.09	-33.43
Lease Payments	-40.92	-38.88	-36.13	-31.79	-28.09	-33.43
Total Debt Repaid	-40.92	-38.88	-361.67	-31.79	-28.09	-33.43
Net Debt Issued (Repaid)	962.02	403.12	98.34	144.06	11.7	-23.53
Issuance of Common Stock	506.34	152.66	67.25	4.12	-	1.6
Common Dividends Paid	-41.64	-102.52	-37.26	-24.67	-30.8	-24.62
Other Financing Activities	291.26	405.94	-19.56	-99.41	-49.9	-26.31
Financing Cash Flow	1,718	859.2	108.77	24.1	-69	-72.85

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
Foreign Exchange Rate Adjustments	-0.04	0.09	0.03	-0.04	-0.11	0.01
Net Cash Flow	146.36	10.2	-13.56	183.39	-652.47	484.37

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	-1,487	-804.89	-89.52	153.99	-712.47	549.34
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	-31.20%	-21.02%	-2.53%	4.97%	-33.78%	20.39%
Free Cash Flow Per Share	-50.47	-29.17	-3.46	6.05	-28.76	21.08
Free Cash Flow After Leases	-1,528	-843.77	-125.64	122.2	-740.56	515.91

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	177.61	129.55	69.56	49.08	42.8	26.37
Cash Income Tax Paid	203.4	158.35	86.66	55.39	67.03	77.83

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 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:

Nov 9, 2026

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