Shah Alloys Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	35.07	-197.33	-186.48	-32.11	821.06	-557.96
Depreciation & Amortization	78.82	91.92	89.05	89.5	112.92	129.67
Loss (Gain) From Sale of Assets	-169.2	-	-60.92	-	-	0.02
Other Operating Activities	66.76	15.66	13.28	1.73	323.72	1,026
Change in Accounts Receivable	-191.42	62.98	125.64	52.41	-70.8	-8.96
Change in Inventory	421.28	519.38	267.52	93.13	-474.18	146.09
Change in Accounts Payable	-487.19	-537.69	-310.81	227.6	-33.39	778.55
Operating Cash Flow	-248.18	-45.08	-62.72	432.26	679.32	1,514
Operating Cash Flow Growth	-	-	-	-36.37%	-55.12%	25.16%
Capital Expenditures	-0.02	-1.82	-53.86	-	-	-
Sale of Property, Plant & Equipment	179.55	9.55	85.23	0.02	-	0.03
Other Investing Activities	5.52	5.52	6.32	2.93	3.39	4.55
Investing Cash Flow	185.04	13.24	37.69	2.95	3.39	4.58
Long-Term Debt Issued	-	100.85	67.67	-	-	-
Long-Term Debt Repaid	-	-	-	-409.5	-674.42	-1,488
Total Debt Repaid	6.3	-	-	-409.5	-674.42	-1,488
Net Debt Issued (Repaid)	107.15	100.85	67.67	-409.5	-674.42	-1,488
Other Financing Activities	-43.88	-44.78	-40.23	-25.86	-21.85	-16.26
Financing Cash Flow	63.27	56.07	27.44	-435.36	-696.28	-1,505
Miscellaneous Cash Flow Adjustments	0.1	-	-0	-0	-	-
Net Cash Flow	0.23	24.23	2.4	-0.15	-13.57	13.64
Free Cash Flow	-248.21	-46.91	-116.59	432.26	679.32	1,514
Free Cash Flow Growth	-	-	-	-36.37%	-55.12%	25.16%
Free Cash Flow Margin	-22.93%	-1.76%	-1.97%	6.90%	7.72%	30.16%
Free Cash Flow Per Share	-11.10	-2.37	-5.89	21.83	34.31	76.46
Cash Interest Paid	43.88	44.78	40.23	25.86	21.85	16.26
Cash Income Tax Paid	-	-	0.79	-	-	-
Levered Free Cash Flow	-123.19	173.6	245.51	487.07	109.27	246.88
Unlevered Free Cash Flow	-95.76	201.59	270.66	503.23	122.93	257.04
Change in Working Capital	-259.63	44.67	82.35	373.14	-578.37	915.68

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