Aarti Surfactants 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	2019 - 2020
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	2019 - 2020
Net Income	145.45	213.27	127.05	54.95	216.35	Upgrade
Depreciation & Amortization	172.51	160.38	154.87	124.46	122.11	Upgrade
Other Amortization	0.95	-	-	-	-	Upgrade
Provision & Write-off of Bad Debts	1.69	6.12	1.1	-	-	Upgrade
Other Operating Activities	-5.9	177.18	163.64	126.35	114.02	Upgrade
Change in Accounts Receivable	-215.3	28.3	-21.38	-24.65	-580.66	Upgrade
Change in Inventory	-351.18	-218.81	-25.02	-16.35	-167.01	Upgrade
Change in Accounts Payable	363.17	153.18	-155.05	-31.58	650.29	Upgrade
Operating Cash Flow	111.38	519.61	245.19	233.18	355.08	Upgrade
Operating Cash Flow Growth	-78.56%	111.92%	5.15%	-34.33%	96.06%	Upgrade
Capital Expenditures	-202.36	-163.53	-108.53	-225.41	-604.69	Upgrade
Investment in Securities	-0	-	-	-	-	Upgrade
Other Investing Activities	40.73	1.34	1.99	-	-	Upgrade
Investing Cash Flow	-161.63	-162.19	-106.55	-225.41	-604.69	Upgrade
Short-Term Debt Issued	367.44	-	-	-	48.23	Upgrade
Long-Term Debt Issued	-	-	-	241.15	371.81	Upgrade
Total Debt Issued	367.44	-	-	241.15	420.03	Upgrade
Short-Term Debt Repaid	-	-266.53	-0.46	-152.6	-	Upgrade
Long-Term Debt Repaid	-264.53	-261.02	-130.65	-	-	Upgrade
Total Debt Repaid	-264.53	-527.55	-131.11	-152.6	-	Upgrade
Net Debt Issued (Repaid)	102.91	-527.55	-131.11	88.55	420.03	Upgrade
Issuance of Common Stock	-	289.74	194.14	-	-	Upgrade
Common Dividends Paid	-	-0	-0	-22.59	-	Upgrade
Other Financing Activities	-106.58	-133.33	-139.74	-126.76	-104.15	Upgrade
Financing Cash Flow	-3.67	-371.15	-76.71	-60.8	315.88	Upgrade
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-	Upgrade
Net Cash Flow	-53.92	-13.74	61.93	-53.03	66.28	Upgrade
Free Cash Flow	-90.98	356.08	136.66	7.77	-249.61	Upgrade
Free Cash Flow Growth	-	160.56%	1659.92%	-	-	Upgrade
Free Cash Flow Margin	-1.38%	6.04%	2.27%	0.14%	-5.36%	Upgrade
Free Cash Flow Per Share	-10.75	42.01	17.72	1.02	-32.91	Upgrade
Cash Interest Paid	106.58	132.28	139.06	126.76	104.15	Upgrade
Cash Income Tax Paid	52.07	66.5	19	18.56	-	Upgrade
Levered Free Cash Flow	-269.42	145.8	-121.07	-88.24	-498.29	Upgrade
Unlevered Free Cash Flow	-197.71	233.09	-29.44	-23.77	-435.89	Upgrade
Change in Working Capital	-203.31	-37.34	-201.45	-72.58	-97.39	Upgrade

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