Ganges Securities 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	2016 - 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	2016 - 2020
Net Income	50.62	34.79	97.47	79.95	97.94	Upgrade
Depreciation & Amortization	10.17	7.58	7.2	7.41	6.95	Upgrade
Other Amortization	0.26	0.26	0.13	-	-	Upgrade
Loss (Gain) From Sale of Assets	0.09	-0.16	-0.68	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	-0.11	Upgrade
Loss (Gain) From Sale of Investments	-7.77	-7.4	-6.36	-1.35	-	Upgrade
Provision & Write-off of Bad Debts	0.2	-	-	-	-	Upgrade
Other Operating Activities	-5.15	-0.55	8.39	-6.05	-2.11	Upgrade
Change in Accounts Receivable	-4.94	2.7	-6.67	4.38	9.86	Upgrade
Change in Inventory	11.18	-2.99	6.88	-10.59	3.85	Upgrade
Change in Accounts Payable	5.96	0.97	0.06	-1.19	-2.6	Upgrade
Change in Other Net Operating Assets	152.41	-87.39	124.86	94.1	-62.7	Upgrade
Operating Cash Flow	213.04	-52.18	231.28	166.66	51.07	Upgrade
Operating Cash Flow Growth	-	-	38.77%	226.31%	-51.67%	Upgrade
Capital Expenditures	-15.16	-8.91	-19.34	-14.22	-10.01	Upgrade
Sale of Property, Plant & Equipment	-	0.38	0.97	-	0.18	Upgrade
Investment in Securities	-175.86	-	-194.58	-108.36	-15.61	Upgrade
Other Investing Activities	-	-	-	-100	-	Upgrade
Investing Cash Flow	-191.02	-8.53	-212.95	-222.58	-25.44	Upgrade
Long-Term Debt Repaid	-0.24	-0.23	-24.31	-0.28	-0.26	Upgrade
Total Debt Repaid	-0.24	-0.23	-24.31	-0.28	-0.26	Upgrade
Net Debt Issued (Repaid)	-0.24	-0.23	-24.31	-0.28	-0.26	Upgrade
Preferred Dividends Paid	-	-	-3.61	-	-	Upgrade
Dividends Paid	-	-	-3.61	-	-	Upgrade
Other Financing Activities	-0.14	-0.14	-0.35	-0.44	-0.12	Upgrade
Financing Cash Flow	-0.38	-0.37	-28.27	-0.72	-0.38	Upgrade
Net Cash Flow	21.64	-61.07	-9.94	-56.64	25.25	Upgrade
Free Cash Flow	197.87	-61.09	211.94	152.44	41.06	Upgrade
Free Cash Flow Growth	-	-	39.03%	271.23%	-56.98%	Upgrade
Free Cash Flow Margin	50.72%	-17.06%	49.16%	42.48%	11.71%	Upgrade
Free Cash Flow Per Share	19.78	-6.11	21.19	15.24	4.11	Upgrade
Cash Interest Paid	0.14	0.14	0.35	0.44	0.12	Upgrade
Cash Income Tax Paid	10.83	23.91	22.01	18.25	19.98	Upgrade
Levered Free Cash Flow	141.18	38.81	277.05	-65.23	75.69	Upgrade
Unlevered Free Cash Flow	141.27	38.9	278.11	-63.98	76.21	Upgrade
Change in Working Capital	164.61	-86.7	125.13	86.7	-51.6	Upgrade

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