Munjal Showa 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	288.7	307.66	319.03	121.5	261.4
Depreciation & Amortization	102.45	106.35	108.58	111.52	141.86
Other Amortization	17.63	16.55	9.26	13.05	20.82
Loss (Gain) From Sale of Assets	-1.25	-4.17	-2.11	0.18	0.84
Loss (Gain) From Sale of Investments	-176.59	-285.82	-103.63	-151.3	-203.16
Provision & Write-off of Bad Debts	78.23	4.87	-	-	-
Other Operating Activities	-150.68	-73.59	-22.19	-70.62	-30.25
Change in Accounts Receivable	78.02	93.68	-229.26	260.99	-565.13
Change in Inventory	-44.43	6.14	-7.02	153.02	-151.93
Change in Accounts Payable	107.62	-130.02	145.92	-124.73	254.5
Change in Other Net Operating Assets	66.46	72.54	-154.19	-20.43	95.62
Operating Cash Flow	366.14	114.19	64.38	299.4	-175.43
Operating Cash Flow Growth	220.63%	77.39%	-78.50%	-	-
Capital Expenditures	-68.05	-42.33	-122.73	-75.16	-53.11
Sale of Property, Plant & Equipment	7.28	6.12	1.76	-	0.1
Investment in Securities	-92.79	192.84	42.63	4.73	466.64
Other Investing Activities	53.76	30.15	79.93	17.81	14.41
Investing Cash Flow	-99.8	186.78	1.59	-52.61	428.05
Common Dividends Paid	-179.86	-180.22	-180.28	-180.04	-179.71
Other Financing Activities	-0.17	-0.13	-0.49	-0.6	-1.48
Financing Cash Flow	-180.04	-180.35	-180.77	-180.64	-181.19
Net Cash Flow	86.31	120.63	-114.8	66.15	71.43
Free Cash Flow	298.1	71.87	-58.35	224.25	-228.54
Free Cash Flow Growth	314.78%	-	-	-	-
Free Cash Flow Margin	2.38%	0.61%	-0.47%	2.12%	-2.11%
Free Cash Flow Per Share	7.45	1.80	-1.46	5.61	-5.71
Cash Interest Paid	0.17	0.13	0.49	0.6	1.48
Cash Income Tax Paid	97.66	81.79	35.72	71.75	69.67
Levered Free Cash Flow	331.86	136.83	-148.45	288.22	-237.46
Unlevered Free Cash Flow	331.96	136.91	-148.14	288.59	-236.54
Change in Working Capital	207.67	42.34	-244.55	268.84	-366.94

Source: S&P Global Market Intelligence. Standard template. Financial Sources.