El Forge Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	24.35	22.98	711.22	-23.07	-39.69
Depreciation & Amortization	18.26	17.97	18.33	48.87	61.73
Other Amortization	-	0.41	0.09	-	-
Loss (Gain) From Sale of Assets	-0.49	-1.43	-1.07	-0.15	-16.52
Other Operating Activities	2.13	2.5	3.45	3.98	4.33
Change in Accounts Receivable	-5.19	-6.79	-16.59	-17.91	-6.28
Change in Inventory	-5.34	4.59	3.8	1.21	-7.07
Change in Other Net Operating Assets	-2.29	-16.18	-707.03	20.47	3.65
Operating Cash Flow	31.43	24.05	12.2	33.4	0.16
Operating Cash Flow Growth	30.68%	97.18%	-63.49%	21041.77%	-99.75%
Capital Expenditures	-16.76	-13.6	-3.56	-18.42	-8.88
Sale of Property, Plant & Equipment	0.23	2.4	1.39	0.58	0.76
Investment in Securities	-	-	-	-	17.18
Other Investing Activities	2.84	2.29	1.34	-2.55	1.04
Investing Cash Flow	-13.69	-8.9	-0.84	-20.39	10.1
Other Financing Activities	-4.97	-4.79	-4.78	-3.98	-4.33
Financing Cash Flow	-4.97	-4.79	-4.78	-3.98	-4.33
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-0
Net Cash Flow	12.77	10.35	6.58	9.03	5.92
Free Cash Flow	14.66	10.45	8.63	14.98	-8.73
Free Cash Flow Growth	40.28%	21.10%	-42.39%	-	-
Free Cash Flow Margin	1.82%	1.37%	1.26%	2.56%	-2.15%
Free Cash Flow Per Share	0.72	0.51	0.42	0.74	-0.43
Cash Interest Paid	4.97	4.69	4.69	3.98	4.33
Levered Free Cash Flow	-4.28	-2.32	25.29	24.92	7.35
Unlevered Free Cash Flow	-1.17	0.61	28.22	27.35	10
Change in Working Capital	-12.82	-18.38	-719.82	3.77	-9.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.