Shanthi Gears Limited (NSE:SHANTIGEAR)

Shanthi Gears Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	766.6	960.3	822.5	670.5	424.7
Depreciation & Amortization	156.2	129.7	129.8	108	102.8
Other Amortization	4.4	3.3	2.3	0.8	1
Loss (Gain) From Sale of Assets	-1.3	-0.7	-17.8	-2.1	-1.3
Loss (Gain) From Sale of Investments	-44	-37.3	-32.8	-17.9	-4.9
Provision & Write-off of Bad Debts	-5	15.5	51.3	9.2	0.9
Other Operating Activities	-107.7	-80.1	-136.7	-29.4	-39.7
Change in Accounts Receivable	229.9	-207.7	-548.9	32.3	-249.7
Change in Inventory	-355.2	56.4	-162.4	-56.7	140.1
Change in Accounts Payable	97.5	74.5	187.7	-3.9	-106.6
Change in Other Net Operating Assets	-40.4	-5.2	68.8	-81.3	82.8
Operating Cash Flow	701	908.7	363.8	629.5	350.1
Operating Cash Flow Growth	-22.86%	149.78%	-42.21%	79.81%	13.96%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-529.8	-243.5	-200	-152.7	-56.6
Sale of Property, Plant & Equipment	3.1	2.5	18.1	2.1	1.8
Investment in Securities	-8.8	-195.8	-14.9	-161.7	-149.2
Other Investing Activities	82.5	56	73.8	50.6	39.2
Investing Cash Flow	-453	-380.8	-123	-261.7	-164.8

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Dividends Paid	-384.7	-384.4	-385.2	-230.1	-191.8
Financing Cash Flow	-384.7	-384.4	-385.2	-230.1	-191.8

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	-136.7	143.5	-144.4	137.7	-6.5

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	171.2	665.2	163.8	476.8	293.5
Free Cash Flow Growth	-74.26%	306.10%	-65.65%	62.45%	91.58%
Free Cash Flow Margin	3.30%	11.00%	3.06%	10.70%	8.71%
Free Cash Flow Per Share	2.23	8.67	2.13	6.21	3.83
Levered Free Cash Flow	314.36	946.34	221.34	181.05	193.79
Unlevered Free Cash Flow	314.36	946.34	221.34	181.05	193.79

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Income Tax Paid	292	330.6	261	222.4	149.2
Change in Working Capital	-68.2	-82	-454.8	-109.6	-133.4

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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:

Jul 30, 2026

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