Cash Flow Statement

Currency: INR

	Mar-2020	Sep-2020	Mar-2021	Sep-2021	Mar-2022	Sep-2022	Mar-2023	Sep-2023
Operating Cash Flow
Net Income	25 105	23 726	29 722	32 065	32 120	36 967	39 688	43 771
Depreciation & Amortization	3 719	3 830	3 873	3 935	4 011	4 130	4 288	4 372
Other Non-Cash Items	(435)	(459)	620	(22)	(1 355)	(2 050)	(1 397)	(2 496)
Cash Taxes Paid	5 742	2 276	5 331	7 262	8 043	9 339	9 132	10 032
Cash Interest Paid	36	24	64	66	51	63	150	153
Change in Working Capital	(2 684)	(3 709)	16 717	23 241	7 296	(31 668)	(29 911)	(4 464)
Cash from Operating Activities	25 704 N/A	23 387 -9%	50 932 +118%	59 219 +16%	42 072 -29%	7 379 -82%	12 669 +72%	41 183 +225%
Investing Cash Flow
Capital Expenditures	(7 466)	(6 727)	(4 693)	(5 817)	(5 546)	(5 518)	(5 905)	(6 306)
Other Items	976	1 233	(21 260)	(46 126)	(43 171)	13 687	32 813	(17 886)
Cash from Investing Activities	(6 490) N/A	(5 493) +15%	(25 952) -372%	(51 944) -100%	(48 717) +6%	8 170 N/A	26 908 +229%	(24 192) N/A
Financing Cash Flow
Net Issuance of Debt	(263)	(255)	(99)	(19)	(17)	(24)	(43)	(20)
Cash Paid for Dividends	(9 802)	(8 252)	(10 227)	(10 229)	(10 233)	(12 018)	(12 428)	(12 788)
Other	(540)	(481)	(431)	(531)	(526)	(535)	(657)	(648)
Cash from Financing Activities	(10 605) N/A	(8 987) +15%	(10 757) -20%	(10 778) 0%	(10 776) +0%	(12 578) -17%	(13 129) -4%	(13 456) -2%
Change in Cash
Net Change in Cash	8 609 N/A	8 907 +3%	14 223 +60%	(3 503) N/A	(17 421) -397%	2 971 N/A	26 448 +790%	3 536 -87%
Free Cash Flow
Free Cash Flow	18 238 N/A	16 660 -9%	46 239 +178%	53 402 +15%	36 526 -32%	1 861 -95%	6 764 +263%	34 878 +416%

Bharat Electronics Ltd
NSE:BEL