Balu Forge Industries 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	2,452	2,039	934.93	389.13	298.44	76.19
Depreciation & Amortization	55.47	33.42	20.45	13.18	10.49	11.44
Other Amortization	0.09	0.09	0.09	0.09	0.05	0
Provision & Write-off of Bad Debts	89.93	1.4	2.38	102.01	9.79	-
Other Operating Activities	-181.12	-269.33	-62.34	107.5	68.53	65.36
Change in Accounts Receivable	-1,204	-1,089	-82.15	-917.63	-692.12	-203.25
Change in Inventory	-403.39	-86.23	-546.45	75.06	-223.92	-96.65
Change in Accounts Payable	1,005	889.47	56.65	401.72	73.28	432.97
Change in Other Net Operating Assets	-428.08	-36.13	-640.88	90.52	-121.91	-112.8
Operating Cash Flow	1,386	1,482	-317.32	261.57	-577.37	173.27
Operating Cash Flow Growth	-29.82%	-	-	-	-	38837.75%
Capital Expenditures	-4,257	-4,164	-1,341	-212.48	-76.71	-32.31
Investment in Securities	1,612	-2.01	-	-	-	-
Investing Cash Flow	-2,645	-4,166	-1,341	-212.48	-76.71	-32.31
Short-Term Debt Issued	-	-	-	5.54	255.5	-
Long-Term Debt Issued	-	-	131.47	42.64	-	-
Total Debt Issued	222.05	-	131.47	48.18	255.5	-
Short-Term Debt Repaid	-	-40.81	-157.05	-	-	-124.82
Long-Term Debt Repaid	-	-87.82	-	-	-29.24	-155.62
Total Debt Repaid	-131.18	-128.63	-157.05	-	-29.24	-280.43
Net Debt Issued (Repaid)	90.87	-128.63	-25.58	48.18	226.26	-280.43
Issuance of Common Stock	877.73	2,961	2,616	-	531.04	204.25
Common Dividends Paid	-15.74	-15.74	-	-	-7.42	-
Other Financing Activities	-105.09	-81.87	-104.36	-105	-60.32	-42.36
Financing Cash Flow	847.77	2,735	2,486	-56.81	689.57	-118.55
Net Cash Flow	-411.43	51.39	827.95	-7.72	35.5	22.41
Free Cash Flow	-2,871	-2,682	-1,658	49.09	-654.07	140.96
Free Cash Flow Growth	-	-	-	-	-	31576.18%
Free Cash Flow Margin	-27.13%	-29.04%	-29.62%	1.50%	-22.86%	9.92%
Free Cash Flow Per Share	-24.83	-23.97	-17.25	0.59	-8.68	3.50
Cash Interest Paid	70.57	70.57	87.55	84.93	26.46	61.77
Cash Income Tax Paid	311.2	351.2	168.5	-2.5	-20.86	21.2
Levered Free Cash Flow	-3,898	-2,838	-1,862	-129.43	-777.43	-569.33
Unlevered Free Cash Flow	-3,843	-2,793	-1,807	-76.35	-760.9	-530.73
Change in Working Capital	-1,031	-321.71	-1,213	-350.33	-964.67	20.28

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