Free cash flow (FCF) represents the cash a company generates after accounting for capital expenditures, and is a key indicator of financial health. Companies with over Rs. 61,000 crore in free cash flow have the financial flexibility to invest in expansion, weather economic downturns, and create shareholder value. These cash-rich firms are well-equipped for long-term success, making them attractive investment opportunities.
Here are the top five cash-rich companies with over ₹61,000 crore free cash flow
Oil and Natural Gas Corporation Limited
With a market capitalization of Rs. 2,87,333.58 crore, the shares of ONGC Limited were currently trading at Rs. 228.45 per equity share, down nearly around 0.31 percent from its previous day’s close price of Rs. 229.15.
The company has reported a free cash flow of Rs. 61,597.95 crore for FY24, showcasing strong financial performance. Additionally, the company held cash equivalents of Rs. 37,288.44 crore as of September 2024, reflecting healthy liquidity.
Oil and Natural Gas Corporation Limited (ONGC) was established in 1956 and is engaged in the exploration, production, and distribution of oil and natural gas. It is India’s largest oil and gas company, playing a key role in the country’s energy sector.
ONGC Limited’s revenue has decreased from Rs. 167,357 crore in Q3 FY24 to Rs. 166,097 crore in Q3 FY25, which has dropped by 0.75 percent. The net profit has also decreased by 6.91 percent from Rs. 10,511 crore in Q3 FY24 to Rs. 9,784 crore in Q3 FY25.
Tata Consultancy Services Limited
With a market capitalization of Rs. 12,84,059.26 crore, the shares of Tata Consultancy Services Limited were currently trading at Rs. 3551.45 per equity share, up nearly around 0.06 percent from its previous day’s close price of Rs. 3549.35.
The company has reported a free cash flow of Rs. 41,688 crore for FY24, showcasing strong financial performance. Additionally, the company held cash equivalents of Rs. 16,733 crore as of September 2024, reflecting healthy liquidity.
Tata Consultancy Services Limited (TCS) was founded in 1968 and is engaged in IT services, consulting, and business solutions. It offers digital transformation, AI, and cloud solutions, serving clients globally across various industries.
Tata Consultancy Services Limited’s revenue has increased from Rs. 60,583 crore in Q3 FY24 to Rs. 63,973 crore in Q3 FY25, which has grown by 5.60 percent. The net profit has also grown by 12.14 percent from Rs. 11,097 crore in Q3 FY24 to Rs. 12,444 crore in Q3 FY25.
Bharti Airtel Limited
With a market capitalization of Rs. 9,11,624.09 crore, the shares of Bharti Airtel Limited were currently trading at Rs. 1598.75 per equity share, down nearly around 1.10 percent from its previous day’s close price of Rs. 1616.60.
The company has reported a free cash flow of Rs. 38,969.50 crore for FY24, showcasing strong financial performance. Additionally, the company held cash equivalents of Rs. 12,239 crore as of September 2024, reflecting healthy liquidity.
Bharti Airtel Limited was established in 1995 and is a leading global telecommunications company, providing mobile, broadband, and digital TV services across India and multiple international markets.
Bharti Airtel Limited’s revenue has increased from Rs. 37,900 crore in Q3 FY24 to Rs. 45,129 crore in Q3 FY25, which has grown by 19.07 percent. The net profit has also grown by 461.02 percent from Rs. 2,876 crore in Q3 FY24 to Rs. 16,135 crore in Q3 FY25.
Tata Motors Limited
With a market capitalization of Rs. 2,35,982.63 crore, the shares of Tata Motors Limited were currently trading at Rs. 641.05 per equity share, up nearly around 0.02 percent from its previous day’s close price of Rs. 640.95.
The company has reported a free cash flow of Rs. 36,732.82 crore for FY24, showcasing strong financial performance. Additionally, the company held cash equivalents of Rs. 29,368 crore as of September 2024, reflecting healthy liquidity.
Tata Motors Limited was founded in 1945 and is engaged in manufacturing automobiles, including passenger cars, commercial vehicles, and electric vehicles. It is a global leader in innovation and sustainability, with a strong presence in markets worldwide.
Tata Motors Limited’s revenue has increased from Rs. 1,10,577 crore in Q3 FY24 to Rs. 1,13,575 crore in Q3 FY25, which has grown by 2.71 percent. The net profit has dropped by 21.93 percent from Rs. 7,145 crore in Q3 FY24 to Rs. 5,578 crore in Q3 FY25.
Indian Oil Corporation Limited
With a market capitalization of Rs. 1,77,362.75 crore, the shares of Indian Oil Corporation Limited were currently trading at Rs. 125.60 per equity share, up nearly around 2.74 percent from its previous day’s close price of Rs. 122.25.
The company has reported a free cash flow of Rs. 34,453.20 crore for FY24, showcasing strong financial performance. Additionally, the company held cash equivalents of Rs. 3,220.31 crore as of September 2024, reflecting healthy liquidity.
Indian Oil Corporation Limited (IOCL) was established in 1959 and is India’s largest oil refining and marketing company, involved in the production and distribution of petroleum products like fuels, lubricants, and natural gas across the country.
Indian Oil Corporation Limited’s revenue has decreased from Rs. 199,906 crore in Q3 FY24 to Rs. 194,014 crore in Q3 FY25, which has dropped by 2.95 percent. The net profit has dropped by 76.73 percent from Rs. 9,225 crore in Q3 FY24 to Rs. 2,147 crore in Q3 FY25.
Written By – Nikhil Naik
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