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Hvax Technologies Ltd

NSE:HVAXProducer Manufacturing

₹723.00−4.49%At closeAt close · Mon 19 Oct · ≈ AED 27.93 · Market cap $22.12M

INR millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Depreciation & amortization	7.1	12.2	10.7	10.7	15.4	12.5	−18.7%
Change in working capital	29.2	(66.3)	(114.7)	(222.2)	(378.3)	(339.2)	+10.3%
Operating cash flow	59.1	(13.1)	(51.9)	(136.1)	(241.0)	(178.1)	+26.1%
Capital expenditure	(38.3)	0.0	(0.9)	(23.7)	(3.2)	(3.1)	+1.7%
Dividends paid	0.0	0.0	0.0	0.0	0.0	0.0	—
Free cash flow	20.7	(52.8)	(52.8)	(159.8)	(244.2)	—	—