Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK)

Mazagon Dock Shipbuilders Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	24,135	19,370	11,190	6,108	5,139
Depreciation & Amortization	1,148	825.4	755.8	745.1	596.5
Other Amortization	4.2	7.4	1.5	1.5	1.5
Loss (Gain) From Sale of Assets	-7.9	-14.8	-9	25.6	-
Asset Writedown & Restructuring Costs	-	-	-	-	114.3
Other Operating Activities	-13,057	-11,901	-6,359	-5,162	-4,386
Change in Accounts Receivable	7,839	-8,597	77.6	-375.6	4,710
Change in Inventory	11,763	16,435	3,432	-18,115	-12,659
Change in Accounts Payable	-2,303	244.4	-18,019	-5,287	11,063
Change in Other Net Operating Assets	-8,741	-9,532	24,086	20,432	-3,896
Operating Cash Flow	20,781	6,838	15,156	-1,626	682.1
Operating Cash Flow Growth	203.92%	-54.89%	-	-	-
Capital Expenditures	-8,047	-4,412	-1,408	-411.9	-420.9
Sale of Property, Plant & Equipment	9.2	1,047	13.1	12.7	1.6
Investment in Securities	-18,731	24,269	-6,580	-	-
Other Investing Activities	13,778	10,245	6,479	3,663	3,902
Investing Cash Flow	-12,991	31,148	-1,497	3,264	3,483
Common Dividends Paid	-7,120	-4,478	-2,164	-1,801	-1,553
Other Financing Activities	-0.7	-7.5	-15.7	-31	-45.5
Financing Cash Flow	-7,120	-4,485	-2,180	-1,832	-1,598
Net Cash Flow	669.1	33,501	11,480	-194.4	2,566
Free Cash Flow	12,733	2,426	13,748	-2,038	261.2
Free Cash Flow Growth	424.94%	-82.36%	-	-	-
Free Cash Flow Margin	11.14%	2.56%	17.56%	-3.55%	0.65%
Free Cash Flow Per Share	31.57	6.01	34.08	-5.05	0.65
Cash Interest Paid	0.7	7.5	15.7	31	45.5
Cash Income Tax Paid	9,425	6,772	3,122	3,025	1,567
Levered Free Cash Flow	7,428	1,742	15,903	36,625	26,568
Unlevered Free Cash Flow	7,488	1,797	15,960	36,709	26,624
Change in Working Capital	8,559	-1,450	9,576	-3,345	-782.4

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