NHPC Limited (NSE:NHPC)

NHPC Limited 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	43,242	37,657	30,067	35,960	39,033	35,236
Depreciation & Amortization	23,083	19,759	11,930	11,841	12,147	11,903
Other Amortization	35.7	35.7	26.8	10.4	12.8	11.6
Loss (Gain) on Sale of Assets	179	174.1	82.3	143.3	21.4	138.8
Loss (Gain) on Sale of Investments	-	-	-22.8	-	163.3	140.7
Loss (Gain) on Equity Investments	-39.2	-24.8	-23.6	-44	50.9	13.9
Asset Writedown	2,282	-39.9	-103.6	-390.2	1,016	-13.4
Change in Accounts Receivable	1,330	-650	12,326	22,363	-15,267	-424.1
Change in Inventory	-334	-368.8	-671.7	-290.6	-209.8	-68.8
Change in Unearned Revenue	-14.2	-14.2	-14.2	-	-	-
Change in Other Net Operating Assets	-17,737	-16,808	-15,264	623.1	4,561	-738.2
Other Operating Activities	-3,560	-7,213	11,464	2,306	5,518	-303
Operating Cash Flow	48,896	32,936	50,262	72,521	47,046	45,896
Operating Cash Flow Growth	26.45%	-34.47%	-30.69%	54.15%	2.51%	-9.47%

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	-121,633	-115,723	-88,514	-69,693	-49,755	-37,014
Sale of Property, Plant & Equipment	100.9	49.1	18.4	21.8	13.9	27.8
Investment in Securities	-1,405	-2,520	2,239	2,459	3,794	1,354
Other Investing Activities	9,722	6,804	10,755	7,809	3,486	4,794
Investing Cash Flow	-113,214	-111,390	-75,502	-59,403	-42,461	-30,839

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	-	10,500	4,500	1,450	-	5,979
Long-Term Debt Issued	-	150,717	98,965	61,370	48,754	35,764
Total Debt Issued	177,051	161,217	103,465	62,820	48,754	41,743
Long-Term Debt Repaid	-	-34,044	-31,939	-28,208	-19,026	-14,017
Lease Payments	-2.3	-17.4	-52.2	-53.2	-39	-34.8
Net Debt Issued (Repaid)	122,531	127,173	71,527	34,611	29,728	27,726
Common Dividends Paid	-16,624	-19,186	-19,086	-18,583	-19,086	-16,675
Other Financing Activities	-26,275	-18,711	-33,406	-25,267	-18,588	-17,435
Financing Cash Flow	79,632	89,276	19,035	-9,239	-7,946	-6,384

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
Miscellaneous Cash Flow Adjustments	-	-	-	-	546.3	-
Net Cash Flow	15,314	10,822	-6,205	3,879	-2,814	8,674

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	-72,737	-82,787	-38,252	2,828	-2,709	8,882
Free Cash Flow Growth	-	-	-	-	-	-70.50%
Free Cash Flow Margin	-54.58%	-71.27%	-36.85%	2.94%	-2.55%	9.71%
Free Cash Flow Per Share	-7.23	-8.24	-3.81	0.28	-0.27	0.88
Levered Free Cash Flow	-82,848	-86,719	-52,548	-21,454	-11,702	9,361
Unlevered Free Cash Flow	-70,360	-78,128	-50,355	-18,324	-8,857	12,628
Free Cash Flow After Leases	-72,739	-82,804	-38,305	2,775	-2,748	8,848

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	34,945	28,881	32,479	24,410	17,046	15,225
Cash Income Tax Paid	8,630	8,964	8,770	-8,710	9,783	8,367
Change in Working Capital	-16,756	-17,841	-3,623	22,695	-10,915	-1,231

Data Source: S&P Global Market Intelligence Last updated: Sep 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:

Nov 10, 2026

Data Sources Report a data error