National Fertilizers 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	1,840	1,501	4,583	-951.2	2,371
Depreciation & Amortization	3,710	3,612	3,524	3,342	3,123
Other Amortization	20.1	4.8	4.8	3.9	-
Loss (Gain) From Sale of Assets	-153.2	-91.2	-2.4	-20.8	-11.5
Asset Writedown & Restructuring Costs	1.9	6.6	677.7	5.9	1.6
Provision & Write-off of Bad Debts	38.7	35.8	205.3	38.4	41.1
Other Operating Activities	1,334	1,008	912.5	-770.3	1,934
Change in Accounts Receivable	8,481	58.4	-14,265	-5,265	54,817
Change in Inventory	8,337	13,164	-8,188	-18,220	8,344
Change in Accounts Payable	2,291	-12,618	9,217	11,545	-406.7
Operating Cash Flow	25,900	6,681	-3,332	-10,292	70,213
Operating Cash Flow Growth	287.66%	-	-	-	-
Capital Expenditures	-2,040	-2,925	-2,083	-2,972	-4,187
Sale of Property, Plant & Equipment	321.5	99.4	9.6	44.6	48.8
Investment in Securities	-1,077	-853.1	-22.3	1,594	-935.4
Other Investing Activities	120.8	333.9	38.5	40.9	106.8
Investing Cash Flow	-2,675	-3,345	-2,057	-1,293	-4,967
Short-Term Debt Issued	-	7,358	9,167	13,003	-
Total Debt Issued	-	7,358	9,167	13,003	-
Short-Term Debt Repaid	-20,926	-	-	-	-61,987
Long-Term Debt Repaid	-21.1	-6,400	-971	-204.7	-183.4
Total Debt Repaid	-20,947	-6,400	-971	-204.7	-62,170
Net Debt Issued (Repaid)	-20,947	957.9	8,196	12,799	-62,170
Common Dividends Paid	-132.5	-1,369	-	-	-
Other Financing Activities	-2,261	-2,764	-2,937	-1,349	-2,878
Financing Cash Flow	-23,341	-3,175	5,259	11,449	-65,048
Net Cash Flow	-115.5	161.5	-129.8	-136	198
Free Cash Flow	23,860	3,756	-5,415	-13,265	66,026
Free Cash Flow Growth	535.18%	-	-	-	-
Free Cash Flow Margin	12.05%	1.59%	-1.83%	-8.37%	55.46%
Free Cash Flow Per Share	48.64	7.66	-11.04	-27.04	134.59
Cash Interest Paid	2,261	2,764	2,937	1,349	2,878
Cash Income Tax Paid	-653.8	24.3	1,383	536	180.6
Levered Free Cash Flow	21,032	1,727	-9,299	-11,941	65,286
Unlevered Free Cash Flow	22,439	3,391	-7,419	-11,116	67,089
Change in Working Capital	19,109	604.4	-13,236	-11,940	62,754

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