Tata Steel Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	107,939	34,205	-44,374	87,604	401,539
Depreciation & Amortization	119,545	104,213	98,822	93,352	91,009
Loss (Gain) From Sale of Assets	-3,695	-2,808	-10,173	-232.9	-8,510
Asset Writedown & Restructuring Costs	21,822	7,531	79,086	682.7	8,397
Loss (Gain) From Sale of Investments	-9,268	-167.6	-380.7	-1,156	497.8
Loss (Gain) on Equity Investments	-3,685	-1,908	579.8	-4,181	-6,492
Other Operating Activities	63,564	71,982	45,610	77,827	53,545
Change in Inventory	12,901	47,760	55,657	-40,314	-169,168
Change in Other Net Operating Assets	41,522	-25,689	-21,819	3,249	72,991
Operating Cash Flow	350,645	235,118	203,007	216,831	443,810
Operating Cash Flow Growth	49.14%	15.82%	-6.38%	-51.14%	0.12%
Capital Expenditures	-145,591	-156,705	-182,066	-141,425	-105,222
Sale of Property, Plant & Equipment	8,674	12,640	4,754	3,277	5,695
Cash Acquisitions	-28,459	-60	-	-105,690	-532.3
Divestitures	6,107	281	1,232	1,664	12,076
Investment in Securities	-5,906	-3,234	26,925	48,879	-11,085
Other Investing Activities	16,006	5,376	6,714	5,680	-8,934
Investing Cash Flow	-149,053	-141,727	-142,514	-186,798	-108,812
Short-Term Debt Issued	38,612	-	7,909	-	115,323
Long-Term Debt Issued	120,923	238,930	133,295	167,687	9,067
Total Debt Issued	159,535	238,930	141,204	167,687	124,389
Short-Term Debt Repaid	-	-15,181	-	-56,204	-
Long-Term Debt Repaid	-250,589	-170,500	-128,906	-57,201	-276,697
Total Debt Repaid	-250,589	-185,681	-128,906	-113,405	-276,697
Net Debt Issued (Repaid)	-91,054	53,250	12,298	54,281	-152,307
Issuance of Common Stock	-	-	-	14.6	3,269
Repurchase of Common Stock	-	-	-	-	-7,750
Common Dividends Paid	-44,899	-44,899	-44,098	-62,272	-30,484
Other Financing Activities	-77,918	-78,375	-79,170	-61,831	-46,738
Financing Cash Flow	-213,871	-70,024	-110,970	-69,807	-234,011
Foreign Exchange Rate Adjustments	5,080	1,875	-13	5,004	-237.9
Net Cash Flow	-7,200	25,241	-50,491	-34,771	100,749
Free Cash Flow	205,054	78,413	20,941	75,406	338,588
Free Cash Flow Growth	161.51%	274.45%	-72.23%	-77.73%	-9.34%
Free Cash Flow Margin	8.83%	3.59%	0.91%	3.10%	13.88%
Free Cash Flow Per Share	16.43	6.29	1.71	6.17	28.00
Cash Interest Paid	80,656	81,192	81,446	61,197	46,867
Cash Income Tax Paid	45,966	26,242	53,197	55,188	119,017
Levered Free Cash Flow	136,452	8,312	6,713	59,715	200,376
Unlevered Free Cash Flow	181,246	54,193	53,635	99,081	234,515
Change in Working Capital	54,423	22,070	33,837	-37,065	-96,177

Source: S&P Global Market Intelligence. Standard template. Financial Sources.