Swan Defence and Heavy Industries Limited (NSE:SWANDEF)

NSE:SWANDEF Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	3,495	-2,259	-1,810	-1,214	179,371	-20,860
Depreciation & Amortization	644.3	629.31	608.13	684.62	682.86	739.59
Other Amortization	4.92	3.42	0.66	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	180.5	-
Asset Writedown & Restructuring Costs	-	-	-	-	22.08	-
Loss (Gain) From Sale of Investments	-70.14	5	-	-	-	-
Loss (Gain) on Equity Investments	-16.04	-16.01	-4.65	-	-	-
Provision & Write-off of Bad Debts	-	-	4.3	-	-	-
Other Operating Activities	-6,697	-1,437	-56.4	264.97	14,725	19,980
Change in Accounts Receivable	2,488	-1,780	-350.98	-	1,536	-31.05
Change in Inventory	4,155	4,490	42.91	-2.43	6,812	25.64
Change in Accounts Payable	3,155	2,191	619.06	-	-189,046	20,218
Change in Other Net Operating Assets	-302.97	-6.4	-14.7	-434.94	-	-
Operating Cash Flow	6,856	1,821	-962.07	-701.37	14,283	20,073
Operating Cash Flow Growth	-	-	-	-	-28.84%	182.89%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-895.7	-777.67	-1,628	-102.24	-	-
Sale of Property, Plant & Equipment	-	-	-	-	115.57	-
Investment in Securities	-8,788	-3,648	-0.66	-7.39	-	21.28
Other Investing Activities	100.92	27.16	11.43	0.9	1.23	2.18
Investing Cash Flow	-9,583	-4,398	-1,617	-108.73	116.8	23.46

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	16,254	8,060	2,837	100	-
Total Debt Issued	15,935	16,254	8,060	2,837	100	-
Long-Term Debt Repaid	-	-	-	-80.39	-	-
Net Debt Issued (Repaid)	15,935	16,254	8,060	2,757	100	-
Issuance of Common Stock	-	-	-	500	-	-
Other Financing Activities	-12,444	-12,120	-5,379	-2,346	-14,697	-19,986
Financing Cash Flow	3,490	4,134	2,681	911.23	-14,597	-19,986

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	763.97	1,556	101.66	101.13	-197.21	110.38

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	5,961	1,043	-2,590	-803.61	14,283	20,073
Free Cash Flow Growth	-	-	-	-	-28.84%	182.89%
Free Cash Flow Margin	174.49%	36.97%	-3681.47%	-	18777.72%	11756.92%
Free Cash Flow Per Share	113.12	19.80	-73.68	-299.61	5325.31	7483.82
Levered Free Cash Flow	3,333	3,256	-2,080	-656.67	-56,588	-116,651
Unlevered Free Cash Flow	3,591	3,322	-1,949	-491.88	-47,432	-104,171

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	359.25	34.92	298.85	345.77	14,697	19,986
Cash Income Tax Paid	8.65	6.02	2.02	-1.94	-30.82	-1.37
Change in Working Capital	9,495	4,895	296.29	-437.37	-180,698	20,212

Data Source: S&P Global Market Intelligence Last updated: Oct 12, 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:

Oct 18, 2026

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