HP Adhesives 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
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
Net Income	182.44	205.68	108.58	60.07	100.6
Depreciation & Amortization	47.09	42.94	32.35	28.4	19.03
Other Amortization	0.09	-	-	-	-
Loss (Gain) From Sale of Assets	0.03	-0.01	-	-	-
Loss (Gain) From Sale of Investments	-11.19	-6.41	-	-	-
Provision & Write-off of Bad Debts	-5.57	10.29	5.02	-11.72	-
Other Operating Activities	-38.1	-14.45	6.21	17.47	33.74
Change in Accounts Receivable	-42.72	1	-55.29	-76.89	-30.68
Change in Inventory	-88.05	-28.29	-36.92	-87.72	-138.77
Change in Accounts Payable	73.98	-38.56	-110.17	58.7	106.22
Change in Other Net Operating Assets	-18.59	44.17	-0.26	-90.43	22.45
Operating Cash Flow	99.4	216.36	-50.47	-102.12	112.61
Operating Cash Flow Growth	-54.06%	-	-	-	1497.65%
Capital Expenditures	-140.27	-164.54	-160.07	-173.97	-164.03
Sale of Property, Plant & Equipment	2.57	0.01	-	15.59	-
Investment in Securities	34.05	-3.22	213.66	-517.9	-
Other Investing Activities	12.59	16.31	21.84	8.14	1.76
Investing Cash Flow	-91.06	-151.44	75.44	-668.14	-162.27
Short-Term Debt Issued	55.36	-	-	-	-
Long-Term Debt Issued	-	-	-	-	180.38
Total Debt Issued	55.36	-	-	-	180.38
Short-Term Debt Repaid	-	-3.35	-49.94	-175.09	-104.44
Long-Term Debt Repaid	-11.67	-53.02	-50.37	-111.91	-
Total Debt Repaid	-11.67	-56.37	-100.31	-287	-104.44
Net Debt Issued (Repaid)	43.69	-56.37	-100.31	-287	75.94
Issuance of Common Stock	-	-	-	1,350	-
Common Dividends Paid	-27.56	-	-	-	-
Other Financing Activities	-0.88	-4.58	-22.93	-198.8	-25.53
Financing Cash Flow	15.25	-60.95	-123.24	864.05	50.41
Miscellaneous Cash Flow Adjustments	-	-0	-0	0	0
Net Cash Flow	23.58	3.97	-98.27	93.79	0.75
Free Cash Flow	-40.88	51.82	-210.54	-276.09	-51.42
Free Cash Flow Margin	-1.61%	2.20%	-9.04%	-16.77%	-4.35%
Free Cash Flow Per Share	-0.45	0.56	-2.29	-3.63	-0.79
Cash Interest Paid	2.72	7.59	20.25	30.47	22.74
Cash Income Tax Paid	68.8	71.28	33.11	22.32	23.49
Levered Free Cash Flow	-20.28	37.07	-241.1	-297.75	-133.63
Unlevered Free Cash Flow	-18.58	41.81	-228.44	-278.71	-119.42
Change in Working Capital	-75.38	-21.68	-202.63	-196.34	-40.77

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