Shanthi Gears 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	960.3	822.5	670.5	424.7	201.7
Depreciation & Amortization	129.7	129.8	108	102.8	86.4
Other Amortization	3.3	2.3	0.8	1	2.2
Loss (Gain) From Sale of Assets	-0.7	-17.8	-2.1	-1.3	-2
Loss (Gain) From Sale of Investments	-37.3	-32.8	-17.9	-4.9	-4
Provision & Write-off of Bad Debts	15.5	51.3	9.2	0.9	-8.2
Other Operating Activities	-80.1	-136.7	-29.4	-39.7	-37.7
Change in Accounts Receivable	-207.7	-548.9	32.3	-249.7	-91.3
Change in Inventory	56.4	-162.4	-56.7	140.1	-173
Change in Accounts Payable	74.5	187.7	-3.9	-106.6	245.9
Change in Other Net Operating Assets	-6	68.8	-81.3	82.8	87.2
Operating Cash Flow	907.9	363.8	629.5	350.1	307.2
Operating Cash Flow Growth	149.56%	-42.21%	79.81%	13.96%	-44.73%
Capital Expenditures	-243.5	-200	-152.7	-56.6	-154
Sale of Property, Plant & Equipment	2.5	18.1	2.1	1.8	2.4
Investment in Securities	-195.8	-14.9	-161.7	-149.2	-94
Other Investing Activities	56.8	73.8	50.6	39.2	62.6
Investing Cash Flow	-380	-123	-261.7	-164.8	-183
Common Dividends Paid	-384.4	-385.2	-230.1	-191.8	-115.1
Financing Cash Flow	-384.4	-385.2	-230.1	-191.8	-115.1
Net Cash Flow	143.5	-144.4	137.7	-6.5	9.1
Free Cash Flow	664.4	163.8	476.8	293.5	153.2
Free Cash Flow Growth	305.62%	-65.65%	62.45%	91.58%	-59.76%
Free Cash Flow Margin	10.99%	3.06%	10.70%	8.71%	7.11%
Free Cash Flow Per Share	8.66	2.13	6.21	3.83	2.00
Cash Income Tax Paid	330.6	261	222.4	149.2	45
Levered Free Cash Flow	571.34	221.34	181.05	193.79	112.98
Unlevered Free Cash Flow	571.34	221.34	181.05	193.79	112.98
Change in Working Capital	-82.8	-454.8	-109.6	-133.4	68.8

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