Valiant Communications Limited (BOM:526775)

Valiant Communications Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	293	241.8	96.12	62.05	16.81	-26.34
Depreciation & Amortization	30.9	28.8	26.21	22.64	21.18	20.43
Other Amortization	0.04	0.04	-	-	-	-
Loss (Gain) From Sale of Assets	0.01	0.01	-0.13	-	-0.13	-0.15
Loss (Gain) From Sale of Investments	-23.46	-32.26	-6.06	-1.5	-0.03	-11
Other Operating Activities	9.99	-10.61	-10.93	2.29	5.96	-25.4
Change in Accounts Receivable	95.07	8.17	-88.56	-71.97	-6.81	46.77
Change in Inventory	10.27	55.07	-35.95	25.32	-32.2	-51.56
Change in Accounts Payable	28.9	12.9	29.96	-18.33	13.85	7.63
Change in Other Net Operating Assets	-78.88	20.62	-2.81	11.13	12.16	-2.01
Operating Cash Flow	365.84	324.54	7.85	31.63	30.78	-41.62
Operating Cash Flow Growth	1114.62%	4034.32%	-75.18%	2.76%	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-29.36	-46.86	-17.72	-12.32	-43.24	-26.49
Sale of Property, Plant & Equipment	-4.84	0.16	0.26	-	0.3	0.17
Sale (Purchase) of Intangibles	-20.9	-18.8	-17.23	-15.96	3.97	3.04
Investment in Securities	-10.7	-2.3	-0.5	-4.71	-5.46	53.16
Other Investing Activities	-320.45	-215.45	-111.55	-0.36	0.97	7.85
Investing Cash Flow	-386.24	-283.24	-146.74	-33.34	-43.45	37.72

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	11.4	3	4	17.3	-
Long-Term Debt Repaid	-	-7.25	-6.04	-3.94	-0.84	-
Lease Payments	-1.44	-1.44	-1.39	-0.86	-	-
Net Debt Issued (Repaid)	0.25	4.15	-3.04	0.06	16.46	-
Issuance of Common Stock	115.2	115.2	-	129.07	-	-
Common Dividends Paid	-11.44	-11.44	-	-	-	-
Other Financing Activities	141.01	-2.29	-1.54	-4.51	-	-
Financing Cash Flow	245.02	105.62	-4.58	124.62	16.46	-

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	1.78	3.18	1.61	1.94	0.43	2.02
Net Cash Flow	226.4	150.1	-141.86	124.85	4.22	-1.88

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	336.49	277.69	-9.87	19.32	-12.46	-68.11
Free Cash Flow Growth	10253.41%	-	-	-	-	-
Free Cash Flow Margin	35.02%	32.72%	-1.94%	4.17%	-3.95%	-51.60%
Free Cash Flow Per Share	28.91	24.21	-0.86	1.78	-1.15	-6.29
Levered Free Cash Flow	288.21	160.54	-102.87	-13.88	-17.25	-35.84
Unlevered Free Cash Flow	289.59	161.73	-101.57	-12.95	-16.95	-35.62
Free Cash Flow After Leases	335.05	276.25	-11.27	18.45	-12.46	-68.11

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	1.44	1.44	1.54	1.34	-	-
Cash Income Tax Paid	78.26	78.26	33.26	18.5	1.18	3.74
Change in Working Capital	55.37	96.77	-97.36	-53.85	-13	0.83

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

Data Sources Report a data error