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	8 075	6 684	8 250	11 453	12 070	12 138	15 912	18 586
Depreciation & Amortization	1 206	1 251	1 272	1 287	1 356	1 401	1 420	1 469
Other Non-Cash Items	(1 783)	(1 556)	(1 807)	(2 876)	(3 103)	(2 513)	(3 054)	(3 569)
Cash Taxes Paid	1 623	575	840	2 128	2 546	2 552	3 521	4 071
Cash Interest Paid	162	136	118	81	80	106	130	180
Change in Working Capital	(1 490)	(2 925)	172	(2 314)	(3 205)	(2 219)	(6 082)	(4 623)
Cash from Operating Activities	6 007 N/A	3 454 -43%	7 887 +128%	7 550 -4%	7 119 -6%	8 807 +24%	8 197 -7%	11 863 +45%
Investing Cash Flow
Capital Expenditures	(2 582)	(1 474)	(1 163)	(1 609)	(1 520)	(1 428)	(1 621)	(2 460)
Other Items	443	(599)	1 318	3 044	(4 342)	(1 169)	2 312	(3 112)
Cash from Investing Activities	(2 139) N/A	(2 073) +3%	155 N/A	1 436 +829%	(5 863) N/A	(2 596) +56%	691 N/A	(5 572) N/A
Financing Cash Flow
Net Issuance of Debt	1 720	1 749	(4 733)	(4 689)	3 693	2 109	(506)	(13)
Cash Paid for Dividends	(5 681)	(4 288)	(3 881)	(4 156)	(4 435)	(5 128)	(6 237)	(6 930)
Other	(162)	(133)	(118)	(83)	(80)	(106)	(130)	(180)
Cash from Financing Activities	(4 123) N/A	(2 672) +35%	(8 732) -227%	(8 928) -2%	(823) +91%	(3 125) -280%	(6 873) -120%	(7 123) -4%
Change in Cash
Effect of Foreign Exchange Rates	115	165	92	(106)	125	413	178	208
Net Change in Cash	(140) N/A	(1 126) -705%	(599) +47%	(49) +92%	558 N/A	3 499 +527%	2 193 -37%	(624) N/A
Free Cash Flow
Free Cash Flow	3 425 N/A	1 980 -42%	6 724 +240%	5 941 -12%	5 599 -6%	7 379 +32%	6 576 -11%	9 403 +43%

Cummins India Ltd
NSE:CUMMINSIND