Hinduja Global Solutions Limited (NSE:HGS)

Hinduja Global 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	321.9	1,214	1,332	3,321	60,468
Depreciation & Amortization	5,048	5,016	5,153	4,395	3,015
Other Amortization	-	211.7	186	158.91	243.05
Loss (Gain) From Sale of Assets	1.8	-8.6	-561.8	-729.1	2.07
Loss (Gain) From Sale of Investments	-5.9	6.1	-36.3	-34.09	-1.28
Stock-Based Compensation	-	-	-	-	-6.5
Provision & Write-off of Bad Debts	118.2	308.8	167.5	259.44	252.72
Other Operating Activities	1,210	-3,052	-2,821	-5,525	-67,089
Change in Accounts Receivable	-1,006	-444.1	55.4	-512.53	-1,415
Change in Inventory	-49.2	-92.8	0.2	-43.33	336.7
Change in Accounts Payable	-1,626	2,323	-1,199	669.8	767.34
Change in Other Net Operating Assets	114	-910.9	-352.3	-885.53	1,297
Operating Cash Flow	4,126	4,572	1,924	1,113	5,298
Operating Cash Flow Growth	-9.74%	137.59%	72.86%	-78.99%	-23.39%

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	-1,330	-2,437	-1,846	-2,947	-4,984
Sale of Property, Plant & Equipment	59.3	248.8	2,551	3,559	679.88
Cash Acquisitions	-854.3	-1,270	-1,193	-3,913	-2,118
Investment in Securities	-4,990	-2,516	-6,521	11,310	-38,559
Other Investing Activities	5,256	8,036	2,739	2,781	75,511
Investing Cash Flow	-1,370	5,023	1,736	-881.76	19,211

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	33,400	46,134	24,131	1,609	6,854
Long-Term Debt Repaid	-36,442	-52,686	-17,793	-10,190	-8,876
Net Debt Issued (Repaid)	-3,042	-6,552	6,337	-8,581	-2,022
Issuance of Common Stock	-	-	-	10.76	11.88
Repurchase of Common Stock	-	-	-12,540	-	-
Common Dividends Paid	-10	-284.1	-110.7	-1,088	-4,447
Other Financing Activities	-2,061	-2,146	-1,771	-1,420	-2,216
Financing Cash Flow	-5,113	-8,982	-8,085	-11,078	-8,673

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	529.1	158.9	46.3	848.07	104.36
Miscellaneous Cash Flow Adjustments	-	-	-	353.97	-602.61
Net Cash Flow	-1,828	771.7	-4,378	-9,645	15,337

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	2,797	2,135	77.8	-1,834	314.47
Free Cash Flow Growth	30.98%	2644.34%	-	-	-94.11%
Free Cash Flow Margin	6.49%	4.85%	0.17%	-4.07%	0.74%
Free Cash Flow Per Share	60.12	45.90	1.63	-34.92	5.99
Levered Free Cash Flow	-1,384	1,260	4,441	-18,281	1,182
Unlevered Free Cash Flow	-91.09	2,598	5,238	-17,429	2,119

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	2,061	2,291	1,781	1,412	2,032
Cash Income Tax Paid	373.8	-368.8	639.8	1,862	6,426
Change in Working Capital	-2,568	874.9	-1,496	-771.58	986.33

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 18, 2026

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