NCL Industries 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	251.97	932.19	442.87	943.5	1,454
Depreciation & Amortization	566.35	560.64	491.68	466.8	442.4
Other Operating Activities	268.35	421.6	263.13	301.04	314.3
Change in Accounts Receivable	68.1	-9.78	153.5	-100.89	-161.93
Change in Inventory	-711.09	-273.89	-207.5	-237.33	45.56
Change in Accounts Payable	618.27	31.12	183.87	-21.68	73.4
Change in Other Net Operating Assets	-200.13	166.28	732.89	-604.18	210.97
Operating Cash Flow	861.82	1,828	2,060	747.27	2,379
Operating Cash Flow Growth	-52.86%	-11.27%	175.73%	-68.59%	124.83%
Capital Expenditures	-1,178	-619.38	-1,031	-1,400	-1,455
Sale of Property, Plant & Equipment	32.79	23.14	73.07	7.68	94.44
Other Investing Activities	34.22	5.31	18.21	-	-
Investing Cash Flow	-1,111	-590.93	-939.84	-1,393	-1,360
Short-Term Debt Issued	274.39	-	-	391.39	-
Long-Term Debt Issued	664.63	206.06	623.68	99.82	712.12
Total Debt Issued	939.03	206.06	623.68	491.21	712.12
Short-Term Debt Repaid	-492.88	-609.64	-372.07	-	-918.54
Long-Term Debt Repaid	-145.76	-339.72	-682.09	-	-
Total Debt Repaid	-638.64	-949.36	-1,054	-	-918.54
Net Debt Issued (Repaid)	300.39	-743.31	-430.47	491.21	-206.43
Common Dividends Paid	-158.32	-135.7	-135.7	-180.93	-113.08
Other Financing Activities	-190.08	-224.17	-262.06	-240.47	-204.1
Financing Cash Flow	-48	-1,103	-828.23	69.81	-523.6
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	-297.51	134.04	292.37	-575.74	495.5
Free Cash Flow	-316.51	1,209	1,029	-653.23	924.66
Free Cash Flow Growth	-	17.43%	-	-	245.38%
Free Cash Flow Margin	-2.24%	7.36%	6.40%	-4.00%	6.68%
Free Cash Flow Per Share	-7.00	26.72	22.76	-14.44	20.44
Cash Interest Paid	190.08	224.17	262.06	240.47	204.1
Cash Income Tax Paid	100.5	334.29	421.58	452.88	668.6
Levered Free Cash Flow	-368.33	885.51	748.71	-1,737	1,374
Unlevered Free Cash Flow	-243.18	1,029	911.82	-1,586	1,504
Change in Working Capital	-224.85	-86.27	862.76	-964.08	168.01

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