Mazagon Dock Shipbuilders Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	23,340	24,135	19,370	11,190	6,108	5,139	Upgrade
Depreciation & Amortization	1,146	1,148	825.4	755.8	745.1	596.5	Upgrade
Other Amortization	4.2	4.2	7.4	1.5	1.5	1.5	Upgrade
Loss (Gain) From Sale of Assets	-14	-7.9	-14.8	-9	25.6	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	-	114.3	Upgrade
Other Operating Activities	-9,465	-13,057	-11,901	-6,359	-5,162	-4,386	Upgrade
Change in Accounts Receivable	10,587	7,839	-8,597	77.6	-375.6	4,710	Upgrade
Change in Inventory	8,195	11,763	16,435	3,432	-18,115	-12,659	Upgrade
Change in Accounts Payable	8,354	-2,303	244.4	-18,019	-5,287	11,063	Upgrade
Change in Other Net Operating Assets	-49,430	-8,741	-9,532	24,086	20,432	-3,896	Upgrade
Operating Cash Flow	-7,283	20,781	6,838	15,156	-1,626	682.1	Upgrade
Operating Cash Flow Growth	-	203.92%	-54.89%	-	-	-	Upgrade
Capital Expenditures	-2,775	-8,047	-4,412	-1,408	-411.9	-420.9	Upgrade
Sale of Property, Plant & Equipment	18.9	9.2	1,047	13.1	12.7	1.6	Upgrade
Investment in Securities	-2,311	-18,731	24,269	-6,580	-	-	Upgrade
Other Investing Activities	10,996	13,778	10,245	6,479	3,663	3,902	Upgrade
Investing Cash Flow	5,928	-12,991	31,148	-1,497	3,264	3,483	Upgrade
Net Debt Issued (Repaid)	0.4	-	-	-	-	-	Upgrade
Common Dividends Paid	-6,981	-7,120	-4,478	-2,164	-1,801	-1,553	Upgrade
Other Financing Activities	-0.6	-0.7	-7.5	-15.7	-31	-45.5	Upgrade
Financing Cash Flow	-6,981	-7,120	-4,485	-2,180	-1,832	-1,598	Upgrade
Net Cash Flow	-8,335	669.1	33,501	11,480	-194.4	2,566	Upgrade
Free Cash Flow	-10,058	12,733	2,426	13,748	-2,038	261.2	Upgrade
Free Cash Flow Growth	-	424.94%	-82.36%	-	-	-	Upgrade
Free Cash Flow Margin	-8.47%	11.14%	2.56%	17.56%	-3.55%	0.65%	Upgrade
Free Cash Flow Per Share	-24.94	31.57	6.01	34.08	-5.05	0.65	Upgrade
Cash Interest Paid	0.6	0.7	7.5	15.7	31	45.5	Upgrade
Cash Income Tax Paid	9,563	9,425	6,772	3,122	3,025	1,567	Upgrade
Levered Free Cash Flow	-23,117	7,428	1,742	15,903	36,625	26,568	Upgrade
Unlevered Free Cash Flow	-22,856	7,488	1,797	15,960	36,709	26,624	Upgrade
Change in Working Capital	-22,294	8,559	-1,450	9,576	-3,345	-782.4	Upgrade

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