Belding 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	2.41	2.18	1.66	9.19	3.8
Depreciation & Amortization	1.33	1.54	2.11	2.7	3.63
Other Operating Activities	0.09	-0.08	0	-0.15	-0.44
Change in Accounts Receivable	4.53	18.06	2.45	-3.95	2.02
Change in Inventory	8.8	5.42	9.49	-7.57	-5.37
Change in Accounts Payable	-2.11	-1	-6.42	0.76	-9.89
Change in Other Net Operating Assets	8.55	-5.69	-11.59	1.61	-1
Operating Cash Flow	23.59	20.42	-2.31	2.58	-7.25
Operating Cash Flow Growth	15.55%	-	-	-	-
Capital Expenditures	-0.19	-0.66	-	-0.79	-0.37
Sale of Property, Plant & Equipment	-	2.58	-	-	-
Other Investing Activities	-	0.01	0.06	0.11	0.28
Investing Cash Flow	-0.19	1.92	0.06	-0.67	-0.09
Short-Term Debt Issued	-	-	3.34	3.02	-
Long-Term Debt Issued	-	-	-	-	16.7
Total Debt Issued	-	-	3.34	3.02	16.7
Short-Term Debt Repaid	-16.61	-21.19	-	-	-
Long-Term Debt Repaid	-	-1.61	-2.22	-8.08	-9.19
Total Debt Repaid	-16.61	-22.8	-2.22	-8.08	-9.19
Net Debt Issued (Repaid)	-16.61	-22.8	1.12	-5.05	7.51
Other Financing Activities	-	-	0	-	-
Financing Cash Flow	-16.61	-22.8	1.12	-5.05	7.51
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-
Net Cash Flow	6.8	-0.46	-1.13	-3.15	0.17
Free Cash Flow	23.41	19.76	-2.31	1.79	-7.62
Free Cash Flow Growth	18.49%	-	-	-	-
Free Cash Flow Margin	11.06%	7.65%	-0.90%	0.60%	-2.92%
Free Cash Flow Per Share	26.99	22.68	-2.64	2.06	-8.77
Levered Free Cash Flow	7.17	38.19	-1.04	4.54	-7.93
Unlevered Free Cash Flow	7.62	40.72	0.59	6.49	-4.83
Change in Working Capital	19.77	16.79	-6.07	-9.16	-14.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.