V-Guard Industries 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	3,137	2,576	1,891	2,277	2,008
Depreciation & Amortization	849.1	744.1	601.8	465.86	367.54
Other Amortization	107.5	64.7	42.4	25.61	18.77
Loss (Gain) From Sale of Assets	8.9	8.6	1.8	7.14	2.9
Loss (Gain) From Sale of Investments	-58.6	-190.3	-54.5	-1.74	-
Stock-Based Compensation	259	20.3	133.7	155.5	99.35
Provision & Write-off of Bad Debts	10.3	59.1	-77.5	56.82	71.54
Other Operating Activities	131.4	337.1	285.4	-169.56	66.55
Change in Accounts Receivable	524.8	-447.4	-301.8	-982.94	-648.53
Change in Inventory	-1,855	-443.9	1,281	-2,281	-1,526
Change in Accounts Payable	1,079	620.9	152.1	-216.62	1,697
Change in Other Net Operating Assets	575.7	578.4	282.4	295.63	63.46
Operating Cash Flow	4,770	3,927	4,238	-368.15	2,222
Operating Cash Flow Growth	21.44%	-7.33%	-	-	57.91%
Capital Expenditures	-1,207	-1,282	-1,026	-1,246	-647.78
Sale of Property, Plant & Equipment	8.7	8.3	14.7	1.4	1.28
Cash Acquisitions	-	-	-6,507	-	-
Sale (Purchase) of Real Estate	11.1	-	-	-	-
Investment in Securities	211.4	-280.6	-214.1	3.42	26.01
Other Investing Activities	6.2	28.5	21	32.98	990.08
Investing Cash Flow	-969.2	-1,526	-7,712	-1,208	409.23
Short-Term Debt Issued	-	-	1,349	-	2.41
Long-Term Debt Issued	-	-	2,729	-	-
Total Debt Issued	-	-	4,078	-	2.41
Short-Term Debt Repaid	-62.7	-1,296	-	-12.21	-
Long-Term Debt Repaid	-2,926	-159.5	-114.5	-71.31	-54.56
Total Debt Repaid	-2,988	-1,456	-114.5	-83.52	-54.56
Net Debt Issued (Repaid)	-2,988	-1,456	3,964	-83.52	-52.15
Issuance of Common Stock	80.4	61.2	20	45.65	46.24
Common Dividends Paid	-610.5	-562.5	-560.8	-516.07	-0.69
Other Financing Activities	-256.8	-365.2	-161.9	-69.27	-50.77
Financing Cash Flow	-3,775	-2,322	3,261	-623.21	-57.37
Net Cash Flow	25.3	79.1	-212.6	-2,200	2,573
Free Cash Flow	3,563	2,645	3,212	-1,614	1,574
Free Cash Flow Growth	34.70%	-17.64%	-	-	182.48%
Free Cash Flow Margin	6.39%	5.45%	7.78%	-4.61%	5.78%
Free Cash Flow Per Share	8.11	6.04	7.38	-3.72	3.64
Cash Interest Paid	256.8	365.2	161.9	69.27	50.77
Cash Income Tax Paid	1,077	832.5	488.4	888.28	736.69
Levered Free Cash Flow	2,772	2,119	2,024	-1,981	1,284
Unlevered Free Cash Flow	2,962	2,366	2,125	-1,932	1,322
Change in Working Capital	324.8	308	1,414	-3,185	-413.31

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