UPL Limited 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	19,220	8,970	-12,000	35,700	36,260
Depreciation & Amortization	32,440	16,890	17,740	15,880	14,320
Other Amortization	-	10,610	9,890	9,590	9,270
Loss (Gain) From Sale of Assets	-90	-610	-150	-210	-420
Asset Writedown & Restructuring Costs	90	100	50	60	110
Loss (Gain) From Sale of Investments	7,130	2,200	910	150	10
Loss (Gain) on Equity Investments	1,940	4,720	2,420	-1,570	-1,340
Stock-Based Compensation	700	390	70	1,330	-
Provision & Write-off of Bad Debts	-	-	-	1,230	-150
Other Operating Activities	28,850	21,270	8,230	29,040	24,570
Change in Accounts Receivable	-45,000	5,600	16,730	-21,240	-30,910
Change in Inventory	-23,600	24,600	12,080	-9,020	-35,940
Change in Accounts Payable	56,870	6,000	-37,750	1,390	39,250
Change in Other Net Operating Assets	-	-	-	15,180	9,930
Operating Cash Flow	78,550	100,740	18,220	77,510	64,960
Operating Cash Flow Growth	-22.03%	452.91%	-76.49%	19.32%	-9.93%
Capital Expenditures	-16,660	-8,130	-11,590	-16,720	-20,220
Sale of Property, Plant & Equipment	530	4,400	410	710	1,230
Cash Acquisitions	-	-	-	-560	-1,300
Sale (Purchase) of Intangibles	-7,400	-8,820	-8,360	-6,880	-6,660
Investment in Securities	-3,750	-7,030	-7,970	6,810	-14,100
Other Investing Activities	5,280	1,350	2,120	2,350	3,030
Investing Cash Flow	-23,620	-18,400	-24,780	-14,900	-38,190
Short-Term Debt Issued	5,750	-	31,530	-	25,770
Long-Term Debt Issued	-	-	33,130	61,630	71,930
Total Debt Issued	5,750	-	64,660	61,630	97,700
Short-Term Debt Repaid	-	-32,170	-	-28,940	-
Long-Term Debt Repaid	-87,920	-26,670	-20,950	-82,340	-87,420
Total Debt Repaid	-87,920	-58,840	-20,950	-111,280	-87,420
Net Debt Issued (Repaid)	-82,170	-58,840	43,710	-49,650	10,280
Issuance of Common Stock	17,000	16,330	-	-	-
Repurchase of Common Stock	-	-	-	-13,550	-
Common Dividends Paid	-4,780	-770	-7,490	-7,500	-7,640
Dividends Paid	-4,780	-770	-7,490	-7,500	-7,640
Other Financing Activities	-28,880	-4,650	-34,580	8,430	-21,850
Financing Cash Flow	-98,830	-47,930	1,640	-62,270	-19,210
Foreign Exchange Rate Adjustments	8,870	940	4,680	1,360	2,440
Net Cash Flow	-35,030	35,350	-240	1,700	10,000
Free Cash Flow	61,890	92,610	6,630	60,790	44,740
Free Cash Flow Growth	-33.17%	1296.83%	-89.09%	35.87%	-20.01%
Free Cash Flow Margin	11.94%	19.86%	1.54%	11.35%	9.68%
Free Cash Flow Per Share	71.87	117.33	8.66	80.99	58.56
Cash Interest Paid	28,790	33,280	34,050	23,450	19,410
Cash Income Tax Paid	5,710	9,830	11,430	12,620	10,040
Levered Free Cash Flow	22,204	63,275	-6,051	31,479	15,453
Unlevered Free Cash Flow	41,410	83,475	15,061	50,129	26,546
Change in Working Capital	-11,730	36,200	-8,940	-13,690	-17,670

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