Mastek Limited (NSE:MASTEK)

Mastek 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	4,261	4,040	3,759	3,003	2,930	2,951
Depreciation & Amortization	609.3	594.5	627.3	791.8	643.7	383
Other Amortization	131.6	131.6	123.9	107.3	30	45.7
Loss (Gain) From Sale of Assets	-484	-12.7	-2.5	-4.3	-431.4	0.2
Loss (Gain) From Sale of Investments	-165.7	-118.8	-77.7	-38.8	-47.7	-169.6
Stock-Based Compensation	89.2	78.9	87.7	89.5	55.9	39.3
Provision & Write-off of Bad Debts	491.8	208	205.9	294.9	254.8	114.4
Other Operating Activities	-550.3	-585.8	-50.1	144.2	264.2	437
Change in Accounts Receivable	-433.8	276.3	-123.7	-83.5	-1,383	-1,364
Change in Accounts Payable	432.3	544	5.9	290	-1,153	664.1
Change in Other Net Operating Assets	633.2	260.9	-592.1	-390.3	-87	-366.9
Operating Cash Flow	5,014	5,417	3,964	4,204	1,077	2,735
Operating Cash Flow Growth	-0.83%	36.66%	-5.70%	290.42%	-60.63%	-4.75%

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	-405	-279.9	-201.3	-314.5	-315	-368.5
Sale of Property, Plant & Equipment	582.8	15.4	13	19.6	493.9	1.9
Cash Acquisitions	-	-	-2,055	-2,050	-7,676	-1,660
Investment in Securities	-2,108	-609.4	-614.7	-260.2	53.4	1,749
Other Investing Activities	133	212.3	91.7	40.1	67.1	75.9
Investing Cash Flow	-1,797	-661.6	-2,766	-2,565	-7,376	-201.5

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
Long-Term Debt Issued	-	-	4,435	1,841	2,450	19.6
Long-Term Debt Repaid	-	-1,938	-3,999	-930.6	-791.5	-798.1
Lease Payments	-123.8	-140.9	-146.4	-122.4	-83.3	-69.3
Net Debt Issued (Repaid)	-2,158	-1,938	436.1	910.7	1,658	-778.5
Issuance of Common Stock	1.3	2.1	3.2	3.7	25.1	17.3
Common Dividends Paid	-742.9	-742.5	-586	-581	-574.1	-475.2
Other Financing Activities	-269.8	-321.2	-421.8	-315.1	-183.6	-48.6
Financing Cash Flow	-3,169	-3,000	-568.5	18.3	925.7	-1,285

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	435.6	680.3	167	49.4	-50.7	-58.7
Miscellaneous Cash Flow Adjustments	-	-	-	28.3	235.3	-
Net Cash Flow	483.4	2,436	796.4	1,735	-5,189	1,190

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	4,609	5,137	3,763	3,889	761.7	2,366
Free Cash Flow Growth	-2.62%	36.53%	-3.26%	410.60%	-67.81%	-14.07%
Free Cash Flow Margin	11.98%	13.89%	10.89%	12.73%	2.97%	10.84%
Free Cash Flow Per Share	147.69	164.66	120.76	125.96	24.83	83.24
Levered Free Cash Flow	3,730	4,108	610.8	4,856	-1,214	2,237
Unlevered Free Cash Flow	3,896	4,298	862.74	5,063	-1,108	2,273
Free Cash Flow After Leases	4,485	4,996	3,616	3,767	678.4	2,297

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	261.1	304.7	399.1	310.5	167.2	48.6
Cash Income Tax Paid	1,720	1,670	1,208	1,069	1,361	1,090
Change in Working Capital	631.7	1,081	-709.9	-183.8	-2,623	-1,066

Data Source: S&P Global Market Intelligence Last updated: Oct 23, 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 4, 2026

Data Sources Report a data error