Rising FCF
Consistently increasing free cash flow per share (FCF per share) reflects a company’s growing ability to generate cash on a per-share basis, indicating improved profitability and financial efficiency. In the Nifty 500 index, we highlight the top five companies that have consistently increased their free cash flow per share (FCF) each year for the past five years, excluding any companies that reported negative FCF during this period, based on Cash Flow Scans from StockEdge.com. It suggests that the company is not only generating more cash but also creating greater value for shareholders. This metric is particularly important for investors, as it signals a company’s capacity to fund growth, reduce debt, or return capital to shareholders through dividends or buybacks, all while maintaining strong operational performance.
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Glaxosmithkline Pharmaceuticals
Free Cash Flow per shareMarch 2020: Rs 3.63March 2024: Rs 40.7
Image Source: ETMarkets.com
Tata Investment Corporation
Free Cash Flow per shareMarch 2020: Rs 18.5March 2024: Rs 76.21
Image Source: ETMarkets.com
Tata Elxsi
Free Cash Flow per shareMarch 2020: Rs 41.22March 2024: Rs 108.16
Image Source: ETMarkets.com
Bajaj Holdings & Investment
Free Cash Flow per shareMarch 2020: Rs 262.29March 2024: Rs 670.9
Image Source: ETMarkets.com
Cummins India
Free Cash Flow per shareMarch 2020: Rs 20.97March 2024: Rs 50.78
Image Source: ETMarkets.com
