Tech Mahindra - The Smart Investor

Company Update | Tech MahindraCash flow statement (Consolidated, Indian GAAP)Y/E March (` cr)FY2010 FY2011 FY2012E FY2013E FY2014EPre tax profit from operations 780 760 655 916 985Depreciation 134 144 161 192 213Expenses (deferred)/written off/others (9) (99) 557 475 485Pre tax cash from operations 906 804 1,374 1,584 1,682Other income/prior period ad 73 114 95 72 147Net cash from operations 978 918 1,468 1,655 1,830Tax (144) (132) (144) (241) (289)Cash profits 834 786 1,324 1,414 1,541(Inc)/dec inSundry debtors (140) (205) (70) (155) (155)Inventories (0) 1 (0) 0 -Loans and advances (377) (160) 9 (226) (51)Sundry creditors (8) 49 (145) 135 83Others (14) (45) 924 26 (57)Net trade working capital (539) (358) 718 (219) (179)Cashflow from operating activities 295 428 2,042 1,195 1,362(Inc)/dec in fixed assets (407) 54 (284) (436) (250)(Inc)/dec in investments (2,580) 107 (679) (582) (274)(Inc)/dec in deferred tax asset, net (8) (36) (36) (40) (30)Cashflow from investing activities (2,995) 125 (999) (1,057) (554)Inc/(dec) in debt 2,135 (912) (623) 241 (250)Inc/(dec) in deferred revenue 584 34 2 (83)Inc/(dec) in equity/premium 5 (0) 39 - -Inc/(dec) in minority interest 3 2 (16) - -Addition to reserves on amalgamation 288 (117) (420) - -Dividends (50) (61) (82) (86) (93)Cashflow from financing activities 2,381 (504) (1,068) 158 (426)Cash generated/(utilized) (320) 48 (25) 296 382Cash at start of the year 538 219 267 242 538Cash at end of the year 219 267 242 538 920September 5, 2012 5