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	9 044	9 440	14 376	16 477	16 066	14 638	14 471	15 854
Depreciation & Amortization	2 180	2 373	2 489	2 534	2 609	2 811	2 962	3 094
Other Non-Cash Items	(344)	(485)	(531)	(270)	(483)	(685)	(900)	(1 292)
Cash Taxes Paid	2 399	1 658	2 727	4 240	4 149	4 045	3 919	3 719
Cash Interest Paid	161	326	556	490	394	369	253	215
Change in Working Capital	(2 612)	(697)	(9 731)	(5 602)	(913)	(10 352)	(10 883)	(2 957)
Cash from Operating Activities	8 267 N/A	10 631 +29%	6 603 -38%	13 137 +99%	17 278 +32%	6 411 -63%	5 649 -12%	14 701 +160%
Investing Cash Flow
Capital Expenditures	(3 609)	(1 804)	(2 499)	(3 120)	(2 583)	(2 830)	(5 878)	(7 167)
Other Items	(1 867)	(14 755)	(5 130)	634	(5 002)	6 357	6 228	(1 949)
Cash from Investing Activities	(5 477) N/A	(16 558) -202%	(7 629) +54%	(2 487) +67%	(7 586) -205%	3 526 N/A	350 -90%	(9 117) N/A
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	0	0	0	0	0
Net Issuance of Debt	(828)	9 710	4 233	(6 436)	(1 319)	(4 950)	(4 380)	(446)
Cash Paid for Dividends	(6 413)	(3 018)	(1 878)	(4 070)	(4 071)	(4 701)	(4 703)	(4 702)
Other	81	(228)	(458)	(178)	(82)	(105)	13	(10)
Cash from Financing Activities	(7 159) N/A	6 465 N/A	1 898 -71%	(10 683) N/A	(5 472) +49%	(9 755) -78%	(9 069) +7%	(5 159) +43%
Change in Cash
Effect of Foreign Exchange Rates	0	2	(3)	(3)	(9)	(22)	(37)	5
Net Change in Cash	(4 369) N/A	540 N/A	869 +61%	(36) N/A	4 211 N/A	160 -96%	(3 107) N/A	431 N/A
Free Cash Flow
Free Cash Flow	4 658 N/A	8 827 +90%	4 104 -54%	10 017 +144%	14 695 +47%	3 581 -76%	(229) N/A	7 534 N/A

Havells India Ltd
NSE:HAVELLS