Indigo Paints Limited (NSE:INDIGOPNTS)

Indigo Paints 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	1,491	1,451	1,418	1,473	1,319	840.48
Depreciation & Amortization	615.09	600.57	583.89	514.82	342.68	311.74
Other Amortization	1.64	1.64	1.38	1.01	0.78	0.77
Loss (Gain) From Sale of Assets	-1.74	-0.38	-3.59	-6.96	-9.81	0.56
Loss (Gain) From Sale of Investments	-145.47	-112.1	-166.73	-104.08	-71.81	-41.78
Stock-Based Compensation	52.88	58.86	60.1	69.78	86.04	21.87
Other Operating Activities	53.65	-14.89	202.5	-60.58	-1.5	-3.23
Change in Accounts Receivable	-284.27	-429.9	-211.98	-151.78	-289.27	-507.22
Change in Inventory	-507.91	-246.53	170.16	-494.77	0.62	-230.45
Change in Accounts Payable	352.56	450.42	-526.84	310.27	92.27	112.69
Change in Other Net Operating Assets	310.57	467.32	530.12	-40.84	-308.27	146.47
Operating Cash Flow	1,938	2,226	2,057	1,510	1,161	651.91
Operating Cash Flow Growth	-4.76%	8.23%	36.19%	30.05%	78.11%	-46.27%

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	-1,083	-1,349	-1,362	-1,044	-1,993	-1,208
Sale of Property, Plant & Equipment	0.11	0.05	7.13	2.55	22.81	0.32
Cash Acquisitions	-	-	-	-293.31	-	-
Investment in Securities	-457.12	-611.9	-422.98	-184.34	1,100	459.55
Other Investing Activities	1	0.91	2.56	2.06	25.34	56.33
Investing Cash Flow	-1,539	-1,960	-1,775	-1,517	-844.05	-691.64

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
Long-Term Debt Issued	-	-	43.23	19	-	-
Total Debt Issued	3.63	-	43.23	19	-	-
Short-Term Debt Repaid	-	-	-	-	-	-0.33
Long-Term Debt Repaid	-	-123.73	-83.71	-83.05	-58.1	-50.29
Lease Payments	-82.08	-78.73	-73.74	-77.43	-58.1	-50.29
Total Debt Repaid	-111.3	-123.73	-83.71	-83.05	-58.1	-50.61
Net Debt Issued (Repaid)	-107.67	-123.73	-40.48	-64.05	-58.1	-50.61
Issuance of Common Stock	0.57	0.41	0.14	0.33	0.19	-
Common Dividends Paid	-238.66	-166.72	-166.67	-166.56	-142.71	-
Other Financing Activities	-24.75	-25.32	-32.32	-2.08	-	-2.32
Financing Cash Flow	-370.51	-315.36	-239.34	-232.36	-200.62	-52.93

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
Miscellaneous Cash Flow Adjustments	-	-	-	96.35	-	-
Net Cash Flow	29	-49.89	41.94	-142.64	116.47	-92.66

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	855.53	876.41	694.57	466.42	-831.44	-555.93
Free Cash Flow Growth	39.34%	26.18%	48.91%	-	-	-
Free Cash Flow Margin	5.66%	6.24%	5.18%	3.57%	-7.75%	-6.14%
Free Cash Flow Per Share	17.89	18.33	14.54	9.77	-17.43	-11.66
Levered Free Cash Flow	494.79	759.94	367.49	11.7	-832.62	-727.76
Unlevered Free Cash Flow	510.55	776.14	387.71	24.5	-832.62	-727.1
Free Cash Flow After Leases	773.44	797.68	620.83	388.99	-889.54	-606.21

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	24.75	25.32	32.32	2.08	-	2.32
Cash Income Tax Paid	508.8	576.76	308.49	592.53	244.28	258.41
Change in Working Capital	-129.04	241.31	-38.54	-377.12	-504.65	-478.51

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 10, 2026

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