Dr. Reddy's Laboratories (RDY) Cash Flow: Operating & Free Cash Flow

Dr. Reddy's Laboratories Cash Flow Statement Analysis

Values in billions INR

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Dr. Reddy's Laboratories Limited (RDY) - Annual data in billions INR
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Net Income	45.09	57.25	55.68	45.07	23.57	17.24	19.50	18.80	9.81	12.04
Depreciation & Amortization	21.68	17.06	14.84	12.64	11.82	12.80	12.47	12.19	11.71	11.28
Deferred Income Tax	0.00	19.54	16.19	15.30	8.73	9.18	-1.47	3.65	4.54	2.61
Stock Based Compensation	0.00	0.42	0.41	0.40	0.59	0.58	0.52	0.39	0.45	0.40
Change in Working Capital	-12.24	-29.99	-20.18	-7.86	-18.50	-10.72	-7.54	-5.77	-8.96	-5.35
Change in Accounts Receivable	-7.07	-10.28	-8.05	-5.75	-17.01	2.08	-12.45	1.80	-2.10	3.04
Change in Inventory	-9.05	-12.75	-18.45	-2.65	-9.91	-12.40	-1.49	-8.50	-3.23	-6.33
Change in Accounts Payable	2.94	0.00	3.46	0.00	4.41	2.86	0.00	-1.80	0.00	0.00
Change in Other Working Capital	0.94	-6.95	-0.57	0.55	-3.42	-8.97	6.40	2.73	-5.73	0.98
Other Operating Activities	2.12	-17.85	-0.57	-6.67	18.06	21.52	6.35	-0.55	0.49	0.54
Net Cash from Operating Activities	56.65	46.43	45.43	58.88	28.11	35.70	29.84	28.70	18.03	21.51
Investing Activities
Capital Expenditures	-24.54	-34.40	-27.44	-18.87	-14.66	-9.74	-6.12	-7.49	-11.04	-40.98
Acquisitions	-2.99	-53.41	-0.01	0.00	-0.33	-15.51	0.00	0.54	1.75	-0.10
Purchases of Investments	-49.21	-254.46	-41.65	-136.17	-88.97	-75.42	-111.92	-78.57	-68.43	-49.65
Sales/Maturities of Investments	20.63	279.58	25.94	112.81	77.77	79.53	111.70	76.29	64.04	71.60
Other Investing Activities	1.47	-2.28	1.78	-6.68	0.87	1.22	0.14	1.51	-1.20	0.67
Net Cash from Investing Activities	-70.53	-58.08	-40.28	-41.37	-26.39	-22.66	-4.92	-7.73	-14.88	-18.47
Financing Activities
Debt Repayment	21.31	23.20	-4.95	-20.40	-0.79	-3.74	-19.17	-15.18	0.88	-5.22
Common Stock Issued	0.42	0.19	0.81	0.37	0.33	-0.92	0.00	0.00	0.00	0.00
Common Stock Repurchased	0.00	-1.39	0.00	0.00	0.00	-1.19	-0.47	-0.54	0.00	-15.69
Dividends Paid	-7.01	-6.66	-6.65	-4.98	-4.15	-4.15	-3.92	-4.00	-3.99	-3.39
Other Financing Activities	-1.33	3.57	-2.27	-1.85	-1.35	-2.08	-1.61	-1.61	-1.33	20.61
Net Cash from Financing Activities	13.40	18.91	-3.76	-26.86	-2.42	-0.30	-25.16	-21.33	-4.44	-3.69
Summary
Effect of Forex Changes on Cash	-0.38	0.22	-0.06	0.29	0.73	0.11	-0.03	0.04	0.06	-0.49
Net Change in Cash	-0.88	7.49	1.39	-9.07	0.03	12.75	-0.27	-0.31	-1.24	-1.14
Cash at Beginning of Period	15.94	7.11	5.78	14.85	14.82	1.96	2.23	2.54	3.78	4.92
Cash at End of Period	15.06	14.59	7.11	5.78	14.85	14.82	1.96	2.23	2.54	3.78
Free Cash Flow	32.10	12.03	18.00	40.01	13.45	25.96	23.73	21.21	6.99	-19.47
Supplemental Disclosures
Interest Paid	-	3.48	2.27	1.85	1.35	1.32	-	-	-	-
Income Taxes Paid	-	19.99	20.05	10.71	7.44	5.72	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Dr. Reddy's Laboratories Cash Flow

What is Dr. Reddy's Laboratories's free cash flow?

Dr. Reddy's Laboratories generated free cash flow of INR 32.10B in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of INR 56.65B minus INR 24.54B of capital expenditures. That was up 166.8% from INR 12.03B a year earlier. Free cash flow equaled 9.6% of revenue.

How much does Dr. Reddy's Laboratories spend on capital expenditures?

Dr. Reddy's Laboratories spent INR 24.54B on capital expenditures in fiscal 2026, compared with INR 34.40B a year earlier. That equals 43.3% of operating cash flow.

Does Dr. Reddy's Laboratories pay dividends or buy back shares?

Yes. In fiscal 2026 Dr. Reddy's Laboratories returned INR 7.01B in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition