S.A.L. Steel Limited (NSE:SALSTEEL)

S.A.L. Steel Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	-64.24	4.7	35.46	115.43	115.54
Depreciation & Amortization	105.71	96.23	95.37	91.64	90.15
Loss (Gain) From Sale of Assets	-0.05	-	-	-0.05	-0
Other Operating Activities	153.9	125.89	74.42	3.23	-12.43
Change in Accounts Receivable	35.1	-122.66	159.2	122.45	234.73
Change in Inventory	-504.47	91.69	-100.03	-165.02	-124.07
Change in Accounts Payable	63.31	66.44	-180.86	55.85	-68.92
Operating Cash Flow	-210.73	262.28	83.56	223.54	235
Operating Cash Flow Growth	-	213.90%	-62.62%	-4.88%	-56.21%
Capital Expenditures	-186.2	-136.36	-21.84	-1.14	-8.92
Sale of Property, Plant & Equipment	0.18	-	-	0.4	0.06
Other Investing Activities	3.97	1.76	0.64	1.54	0.52
Investing Cash Flow	-182.05	-134.59	-21.21	0.8	-8.34
Long-Term Debt Issued	525.28	-	8.46	-	-
Total Debt Issued	525.28	-	8.46	-	-
Long-Term Debt Repaid	-	-	-	-219.31	-217.21
Total Debt Repaid	-	-	-	-219.31	-217.21
Net Debt Issued (Repaid)	525.28	-	8.46	-219.31	-217.21
Other Financing Activities	-136.69	-127.42	-78.18	-1.88	-2.37
Financing Cash Flow	388.59	-127.42	-69.72	-221.18	-219.57
Miscellaneous Cash Flow Adjustments	0	0	0	-	-
Net Cash Flow	-4.19	0.28	-7.37	3.15	7.09
Free Cash Flow	-396.93	125.93	61.71	222.4	226.08
Free Cash Flow Growth	-	104.06%	-72.25%	-1.63%	23.04%
Free Cash Flow Margin	-7.29%	2.18%	1.24%	4.40%	7.51%
Free Cash Flow Per Share	-4.67	1.48	0.73	2.62	2.66
Cash Interest Paid	166.69	127.42	78.18	1.88	2.37
Cash Income Tax Paid	-	1.49	22.88	44.05	22.95
Levered Free Cash Flow	-615.82	44.02	47.15	41.97	180.08
Unlevered Free Cash Flow	-514.8	123.58	96.01	43.14	181.56
Change in Working Capital	-406.06	35.47	-121.69	13.28	41.74

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