UPL Limited (NSE:UPLPP1)

UPL Limited Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	8,970	-12,000	35,700	36,260	28,710
Depreciation & Amortization	16,890	17,740	15,880	14,320	15,350
Other Amortization	10,610	9,890	9,590	9,270	6,380
Loss (Gain) From Sale of Assets	-610	-150	-210	-420	-80
Asset Writedown & Restructuring Costs	100	50	60	110	60
Loss (Gain) From Sale of Investments	2,200	910	150	10	20
Loss (Gain) on Equity Investments	4,720	2,420	-1,570	-1,340	-420
Stock-Based Compensation	390	70	1,330	-	-
Provision & Write-off of Bad Debts	-	-	1,230	-150	800
Other Operating Activities	21,270	8,230	29,040	24,570	23,440
Change in Accounts Receivable	5,600	16,730	-21,240	-30,910	-6,280
Change in Inventory	24,600	12,080	-9,020	-35,940	-15,200
Change in Accounts Payable	6,000	-37,750	1,390	39,250	20,390
Change in Other Net Operating Assets	-	-	15,180	9,930	-1,050
Operating Cash Flow	100,740	18,220	77,510	64,960	72,120
Operating Cash Flow Growth	452.91%	-76.49%	19.32%	-9.93%	-17.47%
Capital Expenditures	-8,130	-11,590	-16,720	-20,220	-16,190
Sale of Property, Plant & Equipment	4,400	410	710	1,230	570
Cash Acquisitions	-	-	-560	-1,300	-1,790
Sale (Purchase) of Intangibles	-8,820	-8,360	-6,880	-6,660	-5,030
Investment in Securities	-7,030	-7,970	6,810	-14,100	-280
Other Investing Activities	1,350	2,120	2,350	3,030	1,940
Investing Cash Flow	-18,400	-24,780	-14,900	-38,190	-21,010
Short-Term Debt Issued	-	31,530	-	25,770	1,450
Long-Term Debt Issued	-	33,130	61,630	71,930	73,110
Total Debt Issued	-	64,660	61,630	97,700	74,560
Short-Term Debt Repaid	-32,170	-	-28,940	-	-
Long-Term Debt Repaid	-26,670	-20,950	-82,340	-87,420	-119,570
Total Debt Repaid	-58,840	-20,950	-111,280	-87,420	-119,570
Net Debt Issued (Repaid)	-58,840	43,710	-49,650	10,280	-45,010
Issuance of Common Stock	16,330	-	-	-	-
Repurchase of Common Stock	-	-	-13,550	-	-
Common Dividends Paid	-770	-7,490	-7,500	-7,640	-4,580
Dividends Paid	-770	-7,490	-7,500	-7,640	-4,580
Other Financing Activities	-4,650	-34,580	8,430	-21,850	-17,540
Financing Cash Flow	-47,930	1,640	-62,270	-19,210	-67,130
Foreign Exchange Rate Adjustments	940	4,680	1,360	2,440	-3,250
Net Cash Flow	35,350	-240	1,700	10,000	-19,270
Free Cash Flow	92,610	6,630	60,790	44,740	55,930
Free Cash Flow Growth	1296.83%	-89.09%	35.87%	-20.01%	-23.00%
Free Cash Flow Margin	19.86%	1.54%	11.35%	9.68%	14.45%
Free Cash Flow Per Share	117.33	8.66	80.99	58.56	73.20
Cash Interest Paid	33,280	34,050	23,450	19,410	16,550
Cash Income Tax Paid	9,830	11,430	12,620	10,040	7,250
Levered Free Cash Flow	63,275	-6,051	31,479	15,453	29,372
Unlevered Free Cash Flow	83,475	15,061	50,129	26,546	39,122
Change in Working Capital	36,200	-8,940	-13,690	-17,670	-2,140

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