The India Cements 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	-1,437	-2,273	-1,269	784.63	2,068
Depreciation & Amortization	1,044	993.08	2,193	2,141	2,321
Other Amortization	1,351	1,263	-	114.25	145.01
Loss (Gain) From Sale of Assets	267.72	-43.84	-87.63	-1.05	58.31
Loss (Gain) From Sale of Investments	-7,627	-12.63	-1,866	-24.92	-97.75
Provision & Write-off of Bad Debts	543.55	378.59	172.68	21.9	263.94
Other Operating Activities	955.06	1,617	-449.65	1,447	3,016
Change in Accounts Receivable	251.05	1,251	463.16	-4,470	5,481
Change in Inventory	743.17	1,541	597.55	-2,469	2,441
Change in Accounts Payable	-2,618	-1,549	51.46	6,847	-5,232
Change in Other Net Operating Assets	3,965	274.63	-	-	-
Operating Cash Flow	-2,562	3,439	-194.58	4,390	10,463
Operating Cash Flow Growth	-	-	-	-58.05%	170.62%
Capital Expenditures	-624.25	-1,273	-576.78	-1,685	-1,653
Sale of Property, Plant & Equipment	3,498	380.21	2,193	176.52	162.48
Investment in Securities	8,092	30.63	2,562	-36.68	116.9
Other Investing Activities	122.38	269.2	170.69	-956.59	-520.14
Investing Cash Flow	20,146	2,479	4,348	-2,501	-1,894
Long-Term Debt Issued	-	1,144	4,578	10,913	1,366
Short-Term Debt Repaid	-3,634	-4,461	-	-	-
Long-Term Debt Repaid	-11,039	-	-6,068	-10,420	-6,994
Total Debt Repaid	-14,673	-4,461	-6,068	-10,420	-6,994
Net Debt Issued (Repaid)	-14,673	-3,316	-1,491	492.62	-5,628
Issuance of Common Stock	-	-	-	-	89.72
Common Dividends Paid	-	-0.93	-289.52	-289.17	-175.03
Other Financing Activities	-2,712	-2,407	-2,188	-2,030	-2,886
Financing Cash Flow	-17,385	-5,725	-3,968	-1,827	-8,599
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Cash Flow	199.14	193.51	185.72	61.57	-30.21
Free Cash Flow	-3,186	2,166	-771.36	2,705	8,810
Free Cash Flow Growth	-	-	-	-69.29%	546.18%
Free Cash Flow Margin	-7.68%	4.33%	-1.38%	5.57%	19.53%
Free Cash Flow Per Share	-10.28	6.99	-2.49	8.73	28.43
Cash Interest Paid	2,712	2,407	2,188	-	-
Cash Income Tax Paid	1,054	187.38	76.68	454.2	550.3
Levered Free Cash Flow	3,709	4,890	-9,572	-4,753	5,521
Unlevered Free Cash Flow	5,352	6,368	-8,255	-3,416	7,211
Change in Working Capital	2,341	1,518	1,112	-92.75	2,689

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