Tirupati Forge 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	78.55	66.42	94.29	62.23	3.94
Depreciation & Amortization	43.39	34.47	27.01	24.21	19.54
Other Amortization	0.32	0.08	0.07	0.09	0.09
Loss (Gain) From Sale of Assets	-0.3	-2.3	-3.07	-0.6	-0.27
Loss (Gain) From Sale of Investments	0.16	1.2	12.9	6.75	-
Provision & Write-off of Bad Debts	-	-	-	-	0.45
Other Operating Activities	11.44	14.78	3.23	17.58	4.18
Change in Accounts Receivable	-12.89	3.55	-0.95	-121.7	-15.9
Change in Inventory	-7.51	-63.55	-7.63	-46.28	-48.97
Change in Accounts Payable	16.78	49.24	-69.18	59.89	18.95
Change in Other Net Operating Assets	-71.39	-0.77	-11.61	9.89	-12.19
Operating Cash Flow	58.55	103.11	45.06	12.06	-30.2
Operating Cash Flow Growth	-43.22%	128.82%	273.72%	-	-
Capital Expenditures	-310.18	-130.14	-38.81	-15.35	-29.54
Sale of Property, Plant & Equipment	1.03	4.72	6.78	1.31	1.35
Other Investing Activities	-70.83	-21.59	-1.68	-14.91	0.31
Investing Cash Flow	-379.98	-147.02	-33.71	-28.95	-27.88
Short-Term Debt Issued	-	13.7	9	17.87	29.11
Long-Term Debt Issued	133.47	16.61	-	16.56	7.65
Total Debt Issued	133.47	30.32	9	34.43	36.76
Short-Term Debt Repaid	-2.88	-	-	-	-
Long-Term Debt Repaid	-	-	-18.42	-	-0.02
Total Debt Repaid	-2.88	-	-18.42	-	-0.02
Net Debt Issued (Repaid)	130.59	30.32	-9.42	34.43	36.75
Issuance of Common Stock	561.28	70.35	-	-	18.25
Common Dividends Paid	-	-	-	-1.12	-
Other Financing Activities	-84.04	-12.78	-9.55	-9.01	-3.73
Financing Cash Flow	607.82	87.88	-18.97	24.3	51.27
Miscellaneous Cash Flow Adjustments	-	-	-	-0	0
Net Cash Flow	286.38	43.98	-7.61	7.4	-6.81
Free Cash Flow	-251.64	-27.03	6.25	-3.29	-59.74
Free Cash Flow Margin	-21.88%	-2.46%	0.68%	-0.37%	-19.41%
Free Cash Flow Per Share	-2.34	-0.27	0.06	-0.03	-0.61
Cash Interest Paid	15.66	12.78	9.55	8.38	3.73
Cash Income Tax Paid	27.8	21.01	39.78	12.03	0.69
Levered Free Cash Flow	-332.58	-51.43	-34.02	-21.73	-63.92
Unlevered Free Cash Flow	-325.07	-45.19	-29.3	-17.95	-62.47
Change in Working Capital	-75	-11.53	-89.37	-98.2	-58.12

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