Gandhar Oil Refinery (India) Limited (NSE:GANDHAR)

NSE:GANDHAR Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	1,354	800.32	1,405	1,909	1,474
Depreciation & Amortization	298.7	255.29	198.34	164.88	148.34
Other Amortization	-	3.72	2.94	2.99	2.7
Loss (Gain) From Sale of Assets	2.2	0.33	2.64	0.69	0.88
Loss (Gain) From Sale of Investments	0.7	0.02	-0.76	0.05	-0.37
Loss (Gain) on Equity Investments	-1.1	1.14	-	-	-
Stock-Based Compensation	0.5	0.79	0.77	1	-
Provision & Write-off of Bad Debts	104.1	93.28	26.98	28.21	-1.25
Other Operating Activities	238.6	356.06	685.6	439.74	567.66
Change in Accounts Receivable	-	-	-	-	734.5
Change in Inventory	-1,816	-149.57	31.19	-1,252	-1,270
Change in Accounts Payable	-	-	-	-	-85.28
Change in Other Net Operating Assets	1,096	-1,214	-3,046	-414.7	95.97
Operating Cash Flow	1,278	147.13	-693.37	879.27	1,667
Operating Cash Flow Growth	768.42%	-	-	-47.24%	41.17%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-797.6	-576.38	-553.15	-556.56	-1,156
Investment in Securities	27	-16.03	-232.24	-169.81	71.48
Other Investing Activities	102.5	111.49	88.05	91.11	-74.46
Investing Cash Flow	-621.5	-480.98	-659.19	-721.87	-1,160

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	-	449.08	124.29	527.32
Long-Term Debt Issued	29.5	-	-	-	266.83
Total Debt Issued	29.5	-	449.08	124.29	794.15
Short-Term Debt Repaid	-160.8	-151.23	-	-	-
Long-Term Debt Repaid	-19	-86.33	-145.1	-47.13	-62.16
Total Debt Repaid	-179.8	-237.56	-145.1	-47.13	-62.16
Net Debt Issued (Repaid)	-150.3	-237.56	303.98	77.16	731.99
Issuance of Common Stock	-	1.63	3,020	-	-
Common Dividends Paid	-122.3	-48.93	-40	-	-456
Other Financing Activities	-607.9	410.4	-1,686	-362.89	-317.27
Financing Cash Flow	-880.5	125.54	1,598	-285.73	-41.28

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0.01
Net Cash Flow	-224.3	-208.31	245.82	-128.33	465.66

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	480.1	-429.25	-1,247	322.71	510.23
Free Cash Flow Growth	-	-	-	-36.75%	-52.59%
Free Cash Flow Margin	1.13%	-1.10%	-3.03%	0.79%	1.44%
Free Cash Flow Per Share	4.91	-4.39	-14.44	4.03	6.38
Levered Free Cash Flow	961.05	-85.04	-3,677	-91.49	28.35
Unlevered Free Cash Flow	1,196	160.63	-3,391	121.71	114

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	502.5	494.44	512.78	560.44	317.28
Cash Income Tax Paid	348.1	309.03	474.97	612.48	564.14
Change in Working Capital	-719.7	-1,364	-3,015	-1,667	-525.01

Data Source: S&P Global Market Intelligence Last updated: Jun 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:

Aug 18, 2026

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