Modi Naturals 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	2016 - 2020
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	2016 - 2020
Net Income	365.45	310.26	-13.78	10.69	93.65	105.16	Upgrade
Depreciation & Amortization	78.31	78.14	42.1	15.53	14.17	13.77	Upgrade
Other Amortization	0.04	0.04	4.21	12.37	15.96	22.15	Upgrade
Loss (Gain) From Sale of Assets	-0.44	-0.29	-0.03	-0.48	-0.35	-32.39	Upgrade
Other Operating Activities	-18.69	48.6	-9.66	-29.04	1.87	17.78	Upgrade
Change in Accounts Receivable	-54.5	-179.76	-62.26	-204.38	-38.81	-45.92	Upgrade
Change in Inventory	-21.61	123.41	-115.55	93.9	-257.13	0.01	Upgrade
Change in Accounts Payable	148.56	107.56	86.84	44.13	40.62	12.27	Upgrade
Operating Cash Flow	497.12	487.94	-68.13	-57.29	-130.02	92.83	Upgrade
Operating Cash Flow Growth	268.79%	-	-	-	-	1023.60%	Upgrade
Capital Expenditures	-551.73	-198.19	-346.76	-942.42	-145.15	-15.82	Upgrade
Sale of Property, Plant & Equipment	0.6	0.4	0.04	0.54	11.63	36.21	Upgrade
Investment in Securities	5.9	-	13.7	-14.53	-0.3	1.34	Upgrade
Other Investing Activities	-49.32	-83.35	10.71	42.9	-	-	Upgrade
Investing Cash Flow	-594.55	-281.14	-322.3	-913.5	-133.82	21.73	Upgrade
Long-Term Debt Issued	-	-	270.29	915.47	304.05	-	Upgrade
Long-Term Debt Repaid	-	-207.53	-	-	-	-120.77	Upgrade
Net Debt Issued (Repaid)	93.79	-207.53	270.29	915.47	304.05	-120.77	Upgrade
Issuance of Common Stock	-	-	100.91	33.64	-	-	Upgrade
Other Financing Activities	5	-	-	-	-	-	Upgrade
Financing Cash Flow	98.79	-207.53	371.21	949.1	304.05	-120.77	Upgrade
Net Cash Flow	1.36	-0.72	-19.22	-21.69	40.22	-6.22	Upgrade
Free Cash Flow	-54.61	289.75	-414.88	-999.71	-275.17	77	Upgrade
Free Cash Flow Margin	-0.81%	4.37%	-10.38%	-23.92%	-5.80%	1.74%	Upgrade
Free Cash Flow Per Share	-4.10	21.77	-32.78	-78.99	-21.74	6.08	Upgrade
Cash Interest Paid	160.37	130.94	72.65	30.83	12.93	10.64	Upgrade
Cash Income Tax Paid	64.55	17.58	8.54	38.44	34.68	19.88	Upgrade
Levered Free Cash Flow	-88.43	184.22	-399.02	-999.22	-278.34	81.73	Upgrade
Unlevered Free Cash Flow	-27.06	250.93	-357.87	-978.78	-269.31	88.38	Upgrade
Change in Working Capital	72.45	51.21	-90.97	-66.36	-255.32	-33.65	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.