Nelco Limited (NSE:NELCO)

Nelco Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	39.7	33.2	95.3	236.7	198.5	160.8
Depreciation & Amortization	201.5	192.4	213.9	214.4	270.7	242.2
Other Amortization	7.1	7.1	7.7	7	7.1	7.5
Loss (Gain) From Sale of Assets	-2.4	-0.2	1.5	-0.8	0.1	-0.8
Loss (Gain) From Sale of Investments	-1.7	-1.6	-11.2	-6.3	-3.5	-1.6
Provision & Write-off of Bad Debts	28	28	-	-0.9	4.3	2.9
Other Operating Activities	-27.6	-67.2	-12.5	-17.8	124.2	113.5
Change in Accounts Receivable	197.4	0.9	-133.7	-37	-105.6	-162.6
Change in Inventory	-41.4	-55.6	-74.9	-12	73.4	-44.4
Change in Accounts Payable	5.6	-30.3	134.2	-93.5	-81.9	193.4
Change in Unearned Revenue	426.4	56.9	-2.7	71.8	108.6	71.5
Change in Other Net Operating Assets	-303.2	-11	-21	87.3	-15.1	-76.8
Operating Cash Flow	529.4	152.6	196.6	448.9	580.8	505.6
Operating Cash Flow Growth	216.44%	-22.38%	-56.20%	-22.71%	14.87%	-6.08%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-485.2	-232.8	-165.7	-163.1	-250.9	-179.8
Sale of Property, Plant & Equipment	29.2	23.4	2.1	1.3	-	0.8
Investment in Securities	-1,911	-	-	-30.4	-	-
Other Investing Activities	1	1.8	-1.8	-	1.6	0.1
Investing Cash Flow	-2,366	-207.6	-165.4	-192.2	-249.3	-178.9

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	1,860	1,070	778.6	-	-
Long-Term Debt Issued	-	-	-	-	1,138	1,685
Total Debt Issued	3,395	1,860	1,070	778.6	1,138	1,685
Short-Term Debt Repaid	-	-1,652	-1,023	-826	-	-
Long-Term Debt Repaid	-	-27.1	-48.2	-55	-1,352	-1,779
Lease Payments	-33.6	-27.1	-48.2	-55	-47.8	-43.9
Total Debt Repaid	-1,717	-1,679	-1,071	-881	-1,352	-1,779
Net Debt Issued (Repaid)	1,678	181	-0.9	-102.4	-213.4	-94.3
Common Dividends Paid	-22.6	-22.3	-48.2	-45.3	-40.7	-27.1
Other Financing Activities	-46.5	-48.3	-61.5	-52.7	-72.3	-67.8
Financing Cash Flow	1,608	110.4	-110.6	-200.4	-326.4	-189.2

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	-228.2	55.4	-79.4	56.3	5.1	137.5

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	44.2	-80.2	30.9	285.8	329.9	325.8
Free Cash Flow Growth	142.86%	-	-89.19%	-13.37%	1.26%	-26.84%
Free Cash Flow Margin	1.40%	-2.62%	1.01%	8.92%	10.53%	12.53%
Free Cash Flow Per Share	1.93	-3.52	1.35	12.53	14.46	14.28
Levered Free Cash Flow	150.46	283.58	-35.35	292.15	18.76	178.79
Unlevered Free Cash Flow	193.46	314.01	-0.85	333.21	67.08	221.54
Free Cash Flow After Leases	10.6	-107.3	-17.3	230.8	282.1	281.9

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	46.5	48.3	61.5	52.7	72.3	67.8
Cash Income Tax Paid	59.3	79.3	148	178.7	56.3	3.1
Change in Working Capital	284.8	-39.1	-98.1	16.6	-20.6	-18.9

Data Source: S&P Global Market Intelligence Last updated: Oct 19, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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