Sify Technologies Limited (SIFY) Cash Flow Statement
Where SIFY’s cash came from and went, FY2026
March 31, 2026 · Indian rupees- Cash from operations
- ₹3.23B −62.7% vs FY2025
- Capital expenditures
- ₹13.56B 28.7% of revenue
- Free cash flow
- −₹10.34B −21.9% margin
- Returned to shareholders
- —
- Change in cash
- −₹957.6M cash at year-end ₹4.97B
Drawn to scale: where the cash came from and how it was used. Hover for values.
SIFY operating cash flow, capex and free cash flow
SIFY cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ₹1.75BFY2017 | ₹3.23BFY2026 | +7.0%/yr | |
| Capital expenditures | ₹1.67BFY2017 | ₹13.56BFY2026 | +26.2%/yr | |
| Free cash flow | ₹79.7MFY2017 | −₹10.34BFY2026 | — | |
| Free cash flow margin | 0.4%FY2017 | −21.9%FY2026 | −22.3 pts | |
| Operating cash flow / net income | 2.72FY2017 | 3.83FY2025 | +1.11 | |
| Stock-based compensation | ₹17.6MFY2017 | ₹56.0MFY2026 | +13.7%/yr | |
| Dividends paid | ₹169.7MFY2017 | ₹0FY2026 | −100.0% | |
| Share buybacks (net) | ₹0FY2017 | ₹0FY2019 | — | |
| Capex / revenue | 9.1%FY2017 | 28.7%FY2026 | +19.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SIFY cash flow by activity
SIFY net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SIFY cash flow statement in Indian rupees
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −₹1.44B | ₹2.26B | ₹168.9M | ₹674.5M | ₹1.26B | ₹1.53B | ₹705.4M | ₹1.07B | ₹923.4M | ₹642.4M |
| Depreciation & amortization | ₹7.27B | ₹5.63B | ₹4.77B | ₹3.97B | ₹3.30B | ₹2.84B | ₹2.29B | ₹1.53B | ₹1.75B | ₹1.76B |
| Stock-based compensation | ₹56.0M | ₹1.9M | ₹7.5M | ₹16.5M | ₹22.9M | ₹40.1M | ₹46.4M | ₹4.8M | ₹6.8M | ₹17.6M |
| Change in working capital | −₹3.58B | ₹1.29B | −₹1.02B | ₹2.95B | −₹3.09B | ₹1.05B | −₹15.5M | −₹1.90B | −₹1.27B | −₹1.32B |
| Other non-cash items | ₹915.1M | −₹538.2M | ₹1.05B | ₹730.1M | ₹753.3M | ₹1.51B | ₹2.02B | ₹732.7M | ₹708.9M | ₹653.3M |
| Cash from operating activities | ₹3.23B | ₹8.65B | ₹4.98B | ₹8.34B | ₹2.24B | ₹6.97B | ₹5.04B | ₹1.44B | ₹2.12B | ₹1.75B |
| Investing activities | ||||||||||
| Capital expenditures | −₹13.56B | −₹12.32B | −₹12.38B | −₹13.21B | −₹7.37B | −₹3.76B | −₹4.50B | −₹3.97B | −₹1.83B | −₹1.67B |
| Investments (net) | −₹42.0M | −₹12.32B | −₹12.26B | −₹13.59B | −₹263.9M | −₹5.5M | −₹4.33B | −₹3.97B | −₹1.79B | −₹1.61B |
| Acquisitions & other investing | −₹74.8M | ₹12.32B | ₹12.38B | ₹13.21B | ₹45.0M | ₹142.9M | ₹4.50B | ₹3.97B | ₹1.83B | ₹1.67B |
| Cash from investing activities | −₹13.68B | −₹12.32B | −₹12.26B | −₹13.59B | −₹7.59B | −₹3.62B | −₹4.33B | −₹3.97B | −₹1.79B | −₹1.61B |
| Financing activities | ||||||||||
| Dividends paid | ₹0 | −₹22.5M | ₹0 | ₹0 | ₹0 | ₹0 | −₹223.6M | −₹217.9M | −₹208.7M | −₹169.7M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | ₹3.13B | ₹42.7M | ₹216.6M |
| Net borrowing (repayment) | ₹8.89B | ₹5.73B | ₹10.25B | ₹6.56B | ₹5.24B | ₹1.34B | ₹1.27B | ₹3.04B | −₹360.2M | ₹40.5M |
| Shares issued | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹21.5M | ₹0 | ₹935.4M | ₹0 | ₹0 |
| Other financing | ₹138.8M | −₹978.8M | −₹2.81B | −₹1.62B | −₹1.07B | −₹742.1M | −₹1.04B | −₹3.84B | −₹521.8M | −₹345.4M |
| Cash from financing activities | ₹9.02B | ₹4.73B | ₹7.44B | ₹4.94B | ₹4.17B | ₹618.4M | ₹3.9M | ₹3.05B | −₹1.05B | −₹257.9M |
| Summary | ||||||||||
| Net change in cash | −₹957.6M | ₹1.05B | ₹165.3M | −₹308.3M | −₹1.18B | ₹3.96B | ₹720.5M | ₹528.2M | −₹726.5M | −₹123.0M |
| Cash at end of period | ₹4.97B | ₹4.67B | ₹4.06B | ₹3.89B | ₹4.20B | ₹5.38B | ₹1.42B | ₹694.8M | ₹166.6M | ₹893.1M |
| Free cash flow | −₹10.34B | −₹3.67B | −₹7.39B | −₹4.87B | −₹5.13B | ₹3.21B | ₹541.2M | −₹2.53B | ₹288.1M | ₹79.7M |
| Free cash flow margin | −21.9% | −9.2% | −20.7% | −14.6% | −18.7% | 13.2% | 2.4% | −11.7% | 1.4% | 0.4% |
| Capex / revenue | 28.7% | 30.9% | 34.7% | 39.6% | 26.8% | 15.4% | 19.6% | 18.4% | 8.9% | 9.1% |
| Operating cash flow / net income | — | 3.83 | 29.50 | 12.36 | 1.78 | 4.55 | 7.15 | 1.35 | 2.30 | 2.72 |
| Dec '23 | Sep '23 | |
|---|---|---|
| Operating activities | ||
| Net income | −₹14.0M | −₹22.7M |
| Depreciation & amortization | ₹1.18B | ₹1.22B |
| Stock-based compensation | ₹2.6M | ₹2.6M |
| Other non-cash items | −₹1.14B | −₹1.17B |
| Cash from operating activities | ₹28.4M | ₹29.3M |
| Investing activities | ||
| Capital expenditures | ₹0 | ₹0 |
| Financing activities | ||
| Shares issued | ₹0 | ₹0 |
| Summary | ||
| Net change in cash | ₹28.4M | ₹29.3M |
| Cash at end of period | ₹119.6M | ₹91.2M |
| Free cash flow | ₹28.4M | ₹29.3M |
| Free cash flow margin | 0.3% | 0.3% |
| Capex / revenue | 0.0% | 0.0% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Indian rupees as reported; data from EODHD.
SIFY cash generation
In fiscal 2026 (ended March 31, 2026), Sify Technologies generated ₹3.2 billion of cash from operations (down 62.7%) and spent ₹13.6 billion on capital expenditures, leaving free cash flow of -₹10.3 billion, −21.9% of revenue. Cash and equivalents fell by ₹957.6 million over the year.
Related: SIFY income statement, SIFY balance sheet. See the SIFY stock overview for the latest quote and news.
SIFY cash flow FAQ
What is Sify Technologies's free cash flow?
Sify Technologies's free cash flow was -₹10.3 billion in fiscal 2026: ₹3.2 billion of operating cash flow minus ₹13.6 billion of capital expenditures It was -₹3.7 billion a year earlier..
How much cash does Sify Technologies generate from operations?
Sify Technologies generated ₹3.2 billion of cash from operating activities in fiscal 2026.
How much does Sify Technologies spend on capital expenditures?
Sify Technologies spent ₹13.6 billion on capital expenditures in fiscal 2026, 28.7% of revenue, compared with ₹12.3 billion the year before.