Emami Paper Mills Limited (NSE:EMAMIPAP)

Emami Paper Mills 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	1,315	613.8	260.1	843	691.7	1,148
Depreciation & Amortization	530.7	532.6	502.4	508.2	675.7	738.4
Other Amortization	14.3	14.3	14.5	14.5	0.2	0.4
Loss (Gain) From Sale of Assets	-0.1	-0.1	-13	-2.6	-1.2	-1.9
Asset Writedown & Restructuring Costs	-	-	-	80	-	59.4
Loss (Gain) on Equity Investments	-11.2	-11.2	-7.5	-7.5	-7.5	-7.5
Provision & Write-off of Bad Debts	3.9	3.9	-0.5	0.2	0.5	-
Other Operating Activities	875.1	745.2	602.9	863.6	848.6	1,311
Change in Accounts Receivable	-316.7	-316.7	14	531.8	-556.8	-351.3
Change in Inventory	-188.9	-188.9	-1,218	1,617	-1,817	-45.9
Change in Accounts Payable	583.4	583.4	285.5	-935.1	476.8	434.9
Change in Other Net Operating Assets	-1,192	-4	-2.3	-0.1	13.7	2.1
Operating Cash Flow	1,614	1,972	437.8	3,513	324.6	3,288
Operating Cash Flow Growth	7.98%	350.50%	-87.54%	982.38%	-90.13%	33.48%

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	-270.6	-296.3	-205	-198.2	-261.5	-349.7
Sale of Property, Plant & Equipment	0.6	1.3	28	88.4	18.8	4.8
Investment in Securities	33.6	28.6	-	-	-	-
Other Investing Activities	9.3	11.2	7.5	7.5	7.5	7.5
Investing Cash Flow	-227.1	-255.2	-169.5	-102.3	-235.2	-337.4

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
Short-Term Debt Issued	-	-	556.4	-	1,275	-
Long-Term Debt Issued	-	991.7	990.3	621.3	660	800
Total Debt Issued	2,594	991.7	1,547	621.3	1,935	800
Short-Term Debt Repaid	-	-259	-	-1,757	-	-740.8
Long-Term Debt Repaid	-	-1,328	-1,136	-1,427	-1,319	-2,252
Lease Payments	-0.2	-0.2	-0.2	-0.9	-	-3.8
Total Debt Repaid	-1,519	-1,587	-1,136	-3,184	-1,319	-2,993
Net Debt Issued (Repaid)	1,074	-595.4	410.8	-2,562	615.8	-2,193
Common Dividends Paid	-96	-	-	-	-	-
Dividends Paid	-241.8	-145.8	-145.8	-145.8	-145.8	-98
Other Financing Activities	-531.3	-525.5	-583.1	-653.3	-559.8	-777
Financing Cash Flow	-1,386	-1,717	-318.1	-3,362	-89.8	-3,068

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
Net Cash Flow	0.6	0.4	-49.8	49.6	-0.4	-117.6

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	1,343	1,676	232.8	3,315	63.1	2,938
Free Cash Flow Growth	12.41%	619.93%	-92.98%	5153.88%	-97.85%	24.22%
Free Cash Flow Margin	6.26%	8.79%	1.21%	16.63%	0.27%	15.01%
Free Cash Flow Per Share	21.61	25.13	3.17	41.75	0.80	37.00
Levered Free Cash Flow	321.23	697.78	-385.09	2,319	-774.5	668.71
Unlevered Free Cash Flow	740.85	1,103	-27.65	2,713	-409.25	1,126
Free Cash Flow After Leases	1,343	1,676	232.6	3,314	63.1	2,934

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	531.3	525.5	583.1	653.3	559.8	777
Cash Income Tax Paid	351.4	124.7	75.3	101.5	180.3	10.5
Change in Working Capital	-1,114	73.8	-921.1	1,214	-1,883	39.8

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 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