Bharat Heavy Electricals Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	16,003	5,339	2,822	6,541	4,460
Depreciation & Amortization	3,159	2,644	2,489	2,603	3,141
Other Amortization	-	76.1	0.4	4.9	14
Loss (Gain) From Sale of Assets	-	-	-	-	-170.8
Loss (Gain) on Equity Investments	-610.5	-590.1	-639.8	-560.2	-504.2
Other Operating Activities	-1,014	-2,845	-7,355	-8,030	-6,285
Change in Accounts Receivable	1,492	-29,636	-24,829	-22,786	-7,130
Change in Inventory	-34,015	-26,325	-5,030	-1,924	6,034
Change in Accounts Payable	1,823	8,469	-11,194	19,756	13,010
Change in Other Net Operating Assets	71,537	64,786	6,608	-3,012	-5,966
Operating Cash Flow	58,374	21,919	-37,129	-7,407	6,603
Operating Cash Flow Growth	166.32%	-	-	-	17.91%
Capital Expenditures	-5,890	-2,815	-2,325	-1,884	-1,694
Sale of Property, Plant & Equipment	130.1	134.6	89.2	77.6	69
Investment in Securities	-31,530	-28,727	11,135	13,842	-12,511
Other Investing Activities	6,936	4,098	4,410	2,769	2,883
Investing Cash Flow	-30,354	-27,309	13,309	14,805	-11,253
Short-Term Debt Issued	-	-	34,230	6,400	-
Total Debt Issued	-	-	34,230	6,400	-
Short-Term Debt Repaid	-8,450	-130	-	-	-875.3
Long-Term Debt Repaid	-591.9	-626	-343.2	-497.7	-487.9
Total Debt Repaid	-9,042	-756	-343.2	-497.7	-1,363
Net Debt Issued (Repaid)	-9,042	-756	33,887	5,902	-1,363
Common Dividends Paid	-1,746	-874.4	-1,395	-1,392	-3
Other Financing Activities	-7,269	-6,938	-5,935	-3,621	-1,929
Financing Cash Flow	-18,057	-8,568	26,557	889.6	-3,295
Miscellaneous Cash Flow Adjustments	-	-	-	-	72.8
Net Cash Flow	9,962	-13,958	2,737	8,287	-7,873
Free Cash Flow	52,483	19,104	-39,454	-9,291	4,909
Free Cash Flow Growth	174.73%	-	-	-	58.55%
Free Cash Flow Margin	15.54%	6.74%	-16.51%	-3.98%	2.31%
Free Cash Flow Per Share	15.09	5.49	-11.33	-2.67	1.41
Cash Interest Paid	7,269	7,010	5,888	3,621	1,929
Cash Income Tax Paid	-103.9	-812.9	-2,222	-1,104	-4,089
Levered Free Cash Flow	15,443	-37,019	-81,188	-2,494	21,814
Unlevered Free Cash Flow	20,171	-32,586	-77,431	-562.4	22,191
Change in Working Capital	40,837	17,295	-34,446	-7,966	5,947

Source: S&P Global Market Intelligence. Standard template. Financial Sources.