Cash Flow Statement

Currency: INR

	Mar-2021	Sep-2021	Mar-2022	Sep-2022	Mar-2023	Sep-2023	Mar-2024	Sep-2024	Mar-2025	Sep-2025
Operating Cash Flow
Net Income	1 198	1 624	2 187	1 947	1 525	1 586	1 440	189	525	375
Depreciation & Amortization	409	415	436	469	502	524	525	509	489	486
Other Non-Cash Items	429	363	293	181	152	109	103	108	157	141
Cash Taxes Paid	10	136	370	405	294	247	251	167	122	97
Cash Interest Paid	434	352	319	275	311	213	184	189	159	170
Change in Working Capital	920	1 498	470	3 473	959	(1 119)	(1 934)	(858)	(564)	473
Cash from Operating Activities	2 956 N/A	3 900 +32%	3 386 -13%	6 070 +79%	3 139 -48%	1 101 -65%	134 -88%	(52) N/A	607 N/A	1 475 +143%
Investing Cash Flow
Capital Expenditures	(195)	(543)	(1 609)	(1 923)	(987)	(638)	(508)	(239)	(124)	(64)
Other Items	19	(46)	9	11	72	70	101	107	59	42
Cash from Investing Activities	(176) N/A	(589) -234%	(1 600) -172%	(1 912) -19%	(915) +52%	(567) +38%	(407) +28%	(132) +68%	(65) +50%	(22) +67%
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	0	0	0	(317)	(323)	(6)	0
Net Issuance of Debt	(2 363)	(2 575)	(854)	244	(1 531)	(484)	773	(454)	510	(492)
Cash Paid for Dividends	0	(235)	(612)	(377)	(377)	(377)	0	0	0	(93)
Other	(434)	(352)	(319)	(275)	(311)	(213)	(184)	(261)	(230)	(170)
Cash from Financing Activities	(2 798) N/A	(3 162) -13%	(1 785) +44%	(408) +77%	(2 219) -444%	(1 073) +52%	272 N/A	(1 038) N/A	273 N/A	(754) N/A
Change in Cash
Net Change in Cash	(18) N/A	149 N/A	1 -99%	3 750 +468 675%	4 -100%	(540) N/A	(1) +100%	(1 222) -119 365%	815 N/A	699 -14%
Free Cash Flow
Free Cash Flow	2 762 N/A	3 356 +22%	1 777 -47%	4 147 +133%	2 152 -48%	463 -78%	(374) N/A	(291) +22%	483 N/A	1 411 +192%

Dwarikesh Sugar Industries Ltd
NSE:DWARKESH