The Ramco Cements 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	2,727	3,600	3,145	8,815	7,836
Depreciation & Amortization	6,920	6,424	5,017	3,982	3,528
Other Amortization	31	38.9	42.4	40.6	38.1
Loss (Gain) From Sale of Assets	-6	-38.6	-4.6	2.1	-
Asset Writedown & Restructuring Costs	-	-	-	-	-0.9
Loss (Gain) From Sale of Investments	-	-1.1	0.1	-0.7	-2.1
Stock-Based Compensation	-	-	-	57.2	195.4
Provision & Write-off of Bad Debts	0.5	-	0.4	-	25.8
Other Operating Activities	2,692	5,375	3,404	-1,384	2,236
Change in Accounts Receivable	1,496	-3,320	-2,098	69.2	1,300
Change in Inventory	-327	-998.7	-491.3	-2,351	475.4
Change in Accounts Payable	455.8	7,902	5,099	2,120	3,293
Operating Cash Flow	13,988	18,981	14,115	11,349	18,924
Operating Cash Flow Growth	-26.31%	34.48%	24.37%	-40.03%	152.95%
Capital Expenditures	-10,240	-19,225	-17,658	-18,166	-17,670
Sale of Property, Plant & Equipment	828	82.8	23.4	60.2	10.8
Investment in Securities	3,758	-148.8	-5.2	-4.3	-99.5
Other Investing Activities	238.4	182.2	698.4	-46.9	-31.6
Investing Cash Flow	-5,416	-19,109	-16,941	-18,157	-17,790
Short-Term Debt Issued	-	-	-	1,827	-
Long-Term Debt Issued	5,146	14,354	16,860	15,833	11,117
Total Debt Issued	5,146	14,354	16,860	17,660	11,117
Short-Term Debt Repaid	-652.4	-1,659	-267.3	-	-4,779
Long-Term Debt Repaid	-7,204	-8,440	-10,804	-9,404	-5,585
Total Debt Repaid	-7,856	-10,099	-11,072	-9,404	-10,364
Net Debt Issued (Repaid)	-2,711	4,256	5,788	8,256	752.5
Issuance of Common Stock	-	-	-	22.9	15.9
Common Dividends Paid	-591.3	-473.1	-661.1	-	-666.8
Other Financing Activities	-4,517	-4,063	-2,382	-1,125	-738
Financing Cash Flow	-7,819	-280.3	2,745	7,154	-636.4
Net Cash Flow	752.5	-408.2	-81.5	346.5	496.8
Free Cash Flow	3,748	-244.1	-3,543	-6,817	1,254
Free Cash Flow Margin	4.40%	-0.26%	-4.34%	-11.36%	2.37%
Free Cash Flow Per Share	15.85	-1.07	-15.50	-29.82	5.48
Cash Interest Paid	4,517	4,063	2,334	1,125	696.4
Cash Income Tax Paid	206.2	427.6	375.5	1,587	2,129
Levered Free Cash Flow	-555.05	-5,417	-6,336	-8,273	-2,227
Unlevered Free Cash Flow	1,591	-3,378	-5,029	-7,672	-1,732
Change in Working Capital	1,624	3,583	2,510	-162.6	5,068

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