PI 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	16,602	16,815	12,295	8,438	7,383
Depreciation & Amortization	3,393	2,932	2,210	1,972	1,718
Other Amortization	132	150	55	46	30
Loss (Gain) From Sale of Assets	33	18	1	-	-1
Loss (Gain) From Sale of Investments	-552	-670	-422	-277	-238
Loss (Gain) on Equity Investments	-43	-105	-68	-36	-44
Stock-Based Compensation	34	-	-	-	-31
Provision & Write-off of Bad Debts	427	168	129	225	-39
Other Operating Activities	-1,424	-2,620	-1,236	195	-226
Change in Accounts Receivable	-7,363	-504	1,769	-2,150	-1,107
Change in Inventory	3,410	2,045	257	-3,705	-2,539
Change in Accounts Payable	-676	3,236	-600	-175	2,197
Change in Other Net Operating Assets	157	-1,106	624	754	146
Operating Cash Flow	14,130	20,359	15,014	5,287	7,249
Operating Cash Flow Growth	-30.60%	35.60%	183.98%	-27.07%	3.84%
Capital Expenditures	-8,500	-6,204	-3,263	-3,371	-4,390
Sale of Property, Plant & Equipment	121	14	38	9	15
Cash Acquisitions	-3,554	-6,337	-	-	-
Investment in Securities	-4,536	-7,010	-2,585	1,593	-20,158
Other Investing Activities	2,227	1,532	848	665	230
Investing Cash Flow	-14,242	-18,005	-4,962	-1,104	-24,303
Long-Term Debt Issued	149	248	-	-	1,145
Total Debt Issued	149	248	-	-	1,145
Short-Term Debt Repaid	-	-	-	-	-1,083
Long-Term Debt Repaid	-599	-267	-3,352	-930	-2,096
Total Debt Repaid	-599	-267	-3,352	-930	-3,179
Net Debt Issued (Repaid)	-450	-19	-3,352	-930	-2,034
Issuance of Common Stock	-	-	-	-	19,789
Common Dividends Paid	-2,276	-1,744	-1,137	-758	-607
Other Financing Activities	-139	-453	-342	-85	-244
Financing Cash Flow	-2,865	-2,216	-4,831	-1,773	16,904
Foreign Exchange Rate Adjustments	35	-	-	-	-
Net Cash Flow	-2,942	138	5,221	2,410	-150
Free Cash Flow	5,630	14,155	11,751	1,916	2,859
Free Cash Flow Growth	-60.23%	20.46%	513.31%	-32.98%	1091.25%
Free Cash Flow Margin	7.06%	18.46%	18.10%	3.62%	6.25%
Free Cash Flow Per Share	37.11	93.30	77.45	12.63	19.32
Cash Interest Paid	139	453	342	85	244
Cash Income Tax Paid	3,837	3,750	2,558	1,751	1,647
Levered Free Cash Flow	2,038	9,069	8,960	-81.88	58.5
Unlevered Free Cash Flow	2,245	9,257	9,192	-1.88	234.13
Change in Working Capital	-4,472	3,671	2,050	-5,276	-1,303

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