APIS India Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	253.37	325.67	182.53	79.82	63.55
Depreciation & Amortization	26.33	18.59	22.71	24.24	23.86
Other Operating Activities	-11.68	-46.76	-38.43	51.91	37.89
Change in Accounts Receivable	-298.58	-64.57	66.92	-263.48	-102.17
Change in Inventory	128.87	33.16	150.87	-27.65	-156.68
Change in Accounts Payable	-42.6	-79.54	38.03	19	-29.65
Change in Other Net Operating Assets	2.85	-219.77	-246.9	233.06	115.65
Operating Cash Flow	58.56	-33.22	175.74	116.89	-47.55
Operating Cash Flow Growth	-	-	50.34%	-	-
Capital Expenditures	-27.03	-36.49	-18.6	-27.19	-11.09
Sale of Property, Plant & Equipment	-	-	7	-	3.79
Investment in Securities	-0.68	0.77	4.17	-	-
Other Investing Activities	31.93	118.12	-78.77	-11.8	28.62
Investing Cash Flow	2.15	83.37	-88.71	-38.58	21.74
Long-Term Debt Issued	16.41	8.24	-	17.4	73.31
Long-Term Debt Repaid	-30.84	-5.66	-24.75	-4.18	-
Net Debt Issued (Repaid)	-14.43	2.57	-24.75	13.22	73.31
Other Financing Activities	-49.49	-59.18	-74.24	-76.38	-54.21
Financing Cash Flow	-63.91	-56.6	-98.99	-63.15	19.09
Miscellaneous Cash Flow Adjustments	-	-0	-	0	0
Net Cash Flow	-3.2	-6.45	-11.96	15.16	-6.71
Free Cash Flow	31.53	-69.7	157.14	89.7	-58.64
Free Cash Flow Growth	-	-	75.17%	-	-
Free Cash Flow Margin	0.90%	-2.21%	4.73%	3.04%	-2.15%
Free Cash Flow Per Share	0.23	-0.51	1.14	0.65	-0.43
Cash Interest Paid	49.49	59.18	74.24	76.38	54.21
Cash Income Tax Paid	90.6	48.76	56.53	30.04	11.11
Levered Free Cash Flow	-133.94	-7.63	333.9	-196.73	-207.05
Unlevered Free Cash Flow	-103.26	24.77	378.2	-153.03	-174.31
Change in Working Capital	-209.46	-330.71	8.92	-39.08	-172.85

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