HEC Infra Projects Limited (NSE:HECPROJECT)

HEC Infra Projects Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	107.46	92.44	47.16	7.88	5.15	3.1
Depreciation & Amortization	0.06	1.4	1.66	2.2	2.35	2.3
Loss (Gain) From Sale of Assets	-0.15	-0.15	-31.36	-	-0.06	-
Other Operating Activities	-210.85	1.93	7.99	25.27	19.85	19.1
Change in Accounts Receivable	-63.85	-324.69	169.57	-10.52	14.33	-23.7
Change in Inventory	-87.95	3.5	56.9	-2.09	-7.43	9.3
Change in Accounts Payable	124.05	20.64	-135.03	59.46	-69.05	-14.4
Change in Other Net Operating Assets	168.93	-55.09	-47.03	-13.15	-0.68	20.6
Operating Cash Flow	37.7	-260	69.86	69.05	-35.55	16.3
Operating Cash Flow Growth	-	-	1.17%	-	-	-
Capital Expenditures	-0.68	-	-0.09	-1.26	-0.85	-2.1
Sale of Property, Plant & Equipment	0.13	0.18	34.5	-	0.2	0.1
Other Investing Activities	-73.22	-	1.61	3.23	3.23	2.7
Investing Cash Flow	-73.77	0.18	36.02	1.97	2.58	0.7
Long-Term Debt Issued	-	76.77	-	-	37.97	-
Long-Term Debt Repaid	-	-	-10.88	-40.32	-	-7.2
Net Debt Issued (Repaid)	-34.67	76.77	-10.88	-40.32	37.97	-7.2
Issuance of Common Stock	90.3	90.3	-	-	-	-
Other Financing Activities	-8.45	-1.81	-9.54	-28.5	-18.48	-7.2
Financing Cash Flow	47.19	165.26	-20.41	-68.82	19.49	-14.4
Miscellaneous Cash Flow Adjustments	-	-	0	0	-	-
Net Cash Flow	11.11	-94.57	85.47	2.21	-13.49	2.6
Free Cash Flow	37.02	-260	69.77	67.8	-36.4	14.2
Free Cash Flow Growth	-	-	2.91%	-	-	-
Free Cash Flow Margin	2.60%	-23.19%	9.46%	13.11%	-8.32%	3.78%
Free Cash Flow Per Share	3.52	-25.55	6.88	6.69	-3.59	1.40
Cash Interest Paid	11.9	11.9	10.04	32.27	25.97	26.2
Cash Income Tax Paid	255.05	24.46	18.97	4.15	0.43	-1.5
Levered Free Cash Flow	-73.72	76.69	40.81	49.01	-52.06	-6.36
Unlevered Free Cash Flow	-59.96	86.3	45.93	54.2	-45.69	1.08
Change in Working Capital	141.18	-355.63	44.41	33.7	-62.83	-8.2

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