Natural Capsules 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	6.17	55.54	184.46	139.14	69.12
Depreciation & Amortization	91.18	86.68	72.08	50.4	43.06
Loss (Gain) From Sale of Assets	-	-	-0.45	-0.65	-0.09
Loss (Gain) From Sale of Investments	-	-	-	-	-21.76
Stock-Based Compensation	2.93	1.11	-	-	-
Provision & Write-off of Bad Debts	7.62	2.98	1.32	2.57	5.66
Other Operating Activities	58.77	49.99	40.57	17.49	-2.78
Change in Accounts Receivable	-85.33	-26.38	-259.58	2.34	34.68
Change in Inventory	-64.22	-101.87	-42.71	20.32	-13.29
Change in Accounts Payable	80.89	29.92	114.5	-1	90.96
Change in Other Net Operating Assets	169.51	-181.5	61.98	-235.83	-147.68
Operating Cash Flow	267.52	-83.54	172.17	-5.22	57.89
Operating Cash Flow Growth	-	-	-	-	-19.64%
Capital Expenditures	-446.3	-716.28	-1,059	-443.37	-164.22
Sale of Property, Plant & Equipment	-	-	-	0.36	0.09
Sale (Purchase) of Intangibles	-	6.35	6.33	-17.43	-
Investment in Securities	-	-27.3	0.37	-0.37	77.4
Other Investing Activities	1.46	11.38	5.91	2.07	1.34
Investing Cash Flow	-444.85	-725.86	-1,046	-458.75	-85.39
Long-Term Debt Issued	-	124.61	442.68	426.36	33.67
Total Debt Issued	-	124.61	442.68	426.36	33.67
Long-Term Debt Repaid	-53.57	-2.48	-2.54	-1.45	-2.35
Total Debt Repaid	-53.57	-2.48	-2.54	-1.45	-2.35
Net Debt Issued (Repaid)	-53.57	122.14	440.15	424.91	31.31
Issuance of Common Stock	278.37	755.62	476.55	77.91	-
Common Dividends Paid	-	-9.3	-7.72	-6.23	-3.74
Other Financing Activities	-63.13	-51.29	-34.06	-19.61	-2.38
Financing Cash Flow	161.67	817.17	874.92	476.98	25.19
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Cash Flow	-15.66	7.77	0.79	13.01	-2.31
Free Cash Flow	-178.78	-799.82	-886.74	-448.59	-106.33
Free Cash Flow Margin	-10.57%	-51.46%	-51.44%	-33.21%	-13.37%
Free Cash Flow Per Share	-18.18	-85.97	-95.82	-63.97	-17.06
Cash Interest Paid	63.13	51.29	34.06	19.61	2.38
Cash Income Tax Paid	20.74	19.71	54.58	47.43	22.22
Levered Free Cash Flow	-310.33	-802.39	-933.04	-477.59	-78.95
Unlevered Free Cash Flow	-270.88	-770.34	-911.75	-465.34	-76.63
Change in Working Capital	100.85	-279.83	-125.81	-214.18	-35.33

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