Shivalik Rasayan 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	166.96	127.17	207.48	256.06	176.02
Depreciation & Amortization	156.14	42.75	114.92	109.1	85.17
Other Amortization	1.56	2.85	1.1	0.99	0.65
Loss (Gain) From Sale of Assets	-	0	-0.07	-0.01	-0.03
Other Operating Activities	105.69	198.88	71.98	85.81	58.95
Change in Accounts Receivable	-93.74	-19.69	-147.69	-11.62	-106.7
Change in Inventory	-158.74	-268.38	-368.45	-283.35	103.12
Change in Accounts Payable	141.03	-133.54	98.65	112.86	-87.44
Change in Other Net Operating Assets	-410.93	-30.79	-167.42	-158.51	357.94
Operating Cash Flow	-92.03	-80.75	-189.49	111.34	587.69
Operating Cash Flow Growth	-	-	-	-81.05%	927.15%
Capital Expenditures	-226.39	-676.56	-632.32	-249.66	-652.61
Investment in Securities	-10.39	-84.87	-99.26	-	-
Other Investing Activities	25.7	18.36	23.87	16.1	2.44
Investing Cash Flow	-211.08	-743.08	-707.72	-233.56	-650.16
Short-Term Debt Issued	252.69	74.11	146.53	124.92	99.32
Long-Term Debt Issued	-	109.56	46.33	-	84.85
Total Debt Issued	252.69	183.68	192.86	124.92	184.17
Long-Term Debt Repaid	-74.68	-	-	-27.25	-
Total Debt Repaid	-74.68	-	-	-27.25	-
Net Debt Issued (Repaid)	178.01	183.68	192.86	97.67	184.17
Issuance of Common Stock	141.25	777.3	308.06	653.91	-
Common Dividends Paid	-20.5	-20.11	-19.9	-6.89	-9.36
Other Financing Activities	-93.34	-46.38	15.31	37.39	-154.99
Financing Cash Flow	205.43	894.49	496.34	782.07	19.83
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	-97.68	70.67	-400.87	659.85	-42.65
Free Cash Flow	-318.42	-757.31	-821.81	-138.32	-64.92
Free Cash Flow Margin	-10.29%	-27.89%	-35.12%	-6.68%	-3.32%
Free Cash Flow Per Share	-20.22	-49.75	-56.72	-9.79	-4.71
Cash Interest Paid	93.34	76.26	43.44	24.95	15.75
Cash Income Tax Paid	27.5	43.15	56.73	62	67.6
Levered Free Cash Flow	-344.16	-708.54	-857.71	-275.55	-104.72
Unlevered Free Cash Flow	-285.82	-660.87	-830.56	-259.96	-94.88
Change in Working Capital	-522.38	-452.4	-584.9	-340.62	266.91

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