Last close · 16 Oct 2026
Rs 223.50 -0.65%
Quarterly · Q1 FY2022 – Q4 FY2026
Baluchistan Wheels Limited (BWHL) quarterly cash flow statement
Operating activities generated Rs 147.8 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 3.3% on Q4 FY2025, 94% of the starting profit. Capital expenditure was Rs 77.5 mn, leaving free cash flow of Rs 70.4 mn. Overall, cash increased by Rs 22.7 mn.
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 576.3 | 156.5 | 115.7 | 156.9 | 147.2 | 156.9 | 105.6 | 99.3 | 94.6 | 118.7 | 66.2 | 144.6 | 20.6 | 45.6 | 69.0 | 48.2 | 38.9 | 177.2 | 76.9 | 120.8 | 50.5 |
| Depreciation & amortisation | 48.0 | 14.7 | 11.8 | 11.2 | 10.2 | 10.9 | 10.3 | 7.7 | 12.0 | 11.3 | 14.2 | 11.8 | 10.1 | 12.2 | 10.4 | 11.5 | 11.4 | 12.7 | 12.8 | 12.7 | 12.4 |
| Net cash from operating activities | 265.6 | 147.8 | (37.6) | 39.9 | 115.4 | 152.9 | (19.1) | 40.6 | (23.8) | 93.1 | 96.4 | 29.5 | 187.4 | 27.9 | (169.8) | 338.9 | (103.3) | 198.7 | 48.4 | 124.2 | (154.0) |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (195.5) | (77.5) | (73.4) | (9.6) | (35.0) | (32.2) | (11.4) | (0.2) | (0.3) | (1.1) | (0.7) | (1.1) | (10.2) | (4.5) | (0.2) | (0.3) | (0.6) | (0.1) | (0.2) | (5.2) | (19.8) |
| Net cash from investing activities | 51.3 | (111.5) | 143.2 | 109.6 | (90.1) | (166.2) | 98.8 | (36.7) | 65.6 | (13.1) | (45.6) | (36.6) | (94.5) | 24.8 | 158.5 | (257.7) | 80.0 | (102.0) | (35.3) | (34.0) | 165.9 |
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | — | (133.1) | (92.5) | — | (0.1) | (79.1) | — | (39.7) | (66.4) | (39.5) | (35.8) | (36.8) | (26.4) | (33.1) | (62.8) | (0.0) | (26.5) | (23.1) | (79.4) | — |
| Borrowings raised / (repaid) | (9.1) | (13.7) | (3.7) | 10.9 | (2.6) | (4.4) | (2.3) | (1.1) | (2.7) | (4.5) | (8.1) | (5.0) | (6.2) | (32.7) | 20.4 | (0.9) | (11.0) | (40.4) | 2.6 | 11.5 | (9.8) |
| Net cash from financing activities | (234.7) | (13.7) | (136.8) | (81.6) | (2.6) | (4.5) | (81.5) | (1.1) | (42.4) | (70.8) | (47.6) | (40.8) | (43.1) | (59.1) | (12.7) | (63.7) | (11.0) | (66.9) | (20.5) | (67.9) | (9.8) |
| Net change in cash | 82.1 | 22.7 | (31.2) | 67.9 | 22.7 | (17.8) | (1.7) | 2.8 | (0.5) | 9.2 | 3.2 | (47.9) | 49.8 | (6.5) | (24.0) | 17.5 | (34.3) | 29.8 | (7.5) | 22.3 | 2.2 |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 70.1 | 70.4 | (111.0) | 30.3 | 80.4 | 120.7 | (30.4) | 40.4 | (24.0) | 92.0 | 95.7 | 28.5 | 177.2 | 23.4 | (170.0) | 338.6 | (104.0) | 198.6 | 48.1 | 119.0 | (173.8) |
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -0.3% | +9.6% | +58.0% | +55.7% | +32.2% | +59.6% | -31.3% | +358.6% | +160.1% | -4.1% | +199.8% | -46.9% | -74.2% | -10.3% | -60.1% | -23.0% | +149.1% | +127.1% | +319.3% | +549.9% |
| Depreciation & amortisation | +34.7% | +15.3% | +45.2% | -14.9% | -3.5% | -27.8% | -34.2% | +19.4% | -7.3% | +36.2% | +2.6% | -12.0% | -4.3% | -18.1% | -9.9% | -7.8% | -6.6% | +7.0% | +8.3% | +6.6% |
| Net cash from operating activities | -3.3% | — | -1.7% | — | +64.2% | -119.8% | +37.6% | -112.7% | +233.8% | — | -91.3% | — | -86.0% | -451.1% | +172.9% | — | +166.5% | +743.0% | +197.5% | -352.5% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +140.8% | +546.3% | +5,530.0% | +13,328.7% | +2,714.2% | +1,560.2% | -83.9% | -97.4% | -74.6% | +290.9% | +245.8% | +1,518.9% | +4,897.8% | -29.7% | -94.1% | -96.8% | -98.5% | -88.7% | +54.2% | +11,043.8% |
| Net cash from investing activities | — | +44.9% | — | -237.3% | — | — | — | — | -153.0% | -128.8% | — | -218.1% | — | — | — | -51.8% | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | +68.2% | — | — | -99.9% | +100.5% | — | +7.7% | +151.3% | +19.4% | -42.9% | +920,875.0% | -0.2% | +42.9% | -20.9% | — | — | +1,156,050.0% | +300.0% | — |
| Borrowings raised / (repaid) | — | — | — | — | — | — | — | — | — | -139.9% | — | — | — | +691.2% | -108.2% | — | — | -83.3% | — | — |
| Net cash from financing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -233.6% | — | — |
| Net change in cash | — | — | +2,302.9% | — | -293.6% | -153.5% | — | -101.1% | — | — | -374.2% | — | -121.8% | — | -21.6% | -1,659.3% | — | — | +31.7% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -41.7% | — | -25.0% | — | +31.2% | -131.8% | +42.1% | -113.6% | +293.1% | — | -91.6% | — | -88.2% | -453.3% | +184.5% | — | +190.0% | +1,261.7% | +210.0% | -385.9% |
Change against the same quarter a year earlier; shown when the earlier figure is positive.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.
All reported line items 49
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 156.5 | 115.7 | 156.9 | 147.2 | 156.9 | 105.6 | 99.3 | 94.6 | 118.7 | 66.2 | 144.6 | 20.6 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | (42.4) | 15.6 | (38.8) | 46.0 | 3.6 | (16.7) | (31.4) | (16.7) | (44.4) | 124.9 | 0.9 | (16.6) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (34.5) | 9.5 | (50.7) | 33.3 | (24.6) | (14.8) | (35.1) | (29.9) | (56.9) | 109.4 | (12.8) | (27.8) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 0.7 | (0.5) | 0.5 | 1.4 | (0.1) | (1.8) | 0.6 | 1.1 | 0.8 | 1.2 | 1.9 | 1.8 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 14.7 | 11.8 | 11.2 | 10.2 | 10.9 | 10.3 | 7.7 | 12.0 | 11.3 | 14.2 | 11.8 | 10.1 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 14.7 | 11.8 | 11.2 | 10.2 | 10.9 | 10.3 | 7.7 | 12.0 | 11.3 | 14.2 | 11.8 | 10.1 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (23.3) | (4.3) | (0.1) | (0.6) | (0.0) | 0.0 | (5.4) | 0.0 | (0.1) | 0.1 | 0.0 | (0.0) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | 0.0 | (1.0) | 0.3 | 1.8 | 17.4 | (10.3) | 0.7 | 0.0 | 0.6 | 0.0 | 0.0 | (0.6) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 13.9 | 74.5 | 62.9 | 51.9 | 49.0 | 28.6 | 32.5 | 42.1 | 46.3 | 6.9 | 39.6 | 40.4 |
| Interest Paid - Cash | 2.9 | 2.2 | 0.5 | 1.4 | 81.0 | 0.5 | 1.7 | 1.1 | 5.8 | — | 1.7 | — |
| Interest & Dividends - Received - Total - Cash Flow | 27.0 | 18.5 | 26.0 | 11.1 | 104.8 | 41.4 | 17.1 | 23.3 | 66.9 | 28.5 | 37.9 | 15.6 |
| Cash Flow from Operating Activities before Changes in Working Capital | 124.3 | 73.1 | 80.8 | 151.0 | 135.4 | 101.2 | 50.7 | 58.0 | 89.1 | 212.6 | 142.0 | (20.7) |
| Working Capital - Increase/(Decrease) - Cash Flow | 23.6 | (110.7) | (40.9) | (35.6) | 17.5 | (120.2) | (10.1) | (81.7) | 4.0 | (116.2) | (112.5) | 208.1 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 91.2 | (207.0) | 16.1 | (32.2) | (41.5) | 82.2 | (148.1) | 52.9 | (66.4) | (2.2) | 62.0 | (111.9) |
| Inventories - Decrease/(Increase) - Cash Flow | (97.9) | 4.2 | 18.8 | (20.2) | 118.5 | (186.0) | 38.2 | (67.1) | (53.7) | (93.6) | (167.4) | 267.4 |
| Other Assets - Decrease/(Increase) - Cash Flow | (5.6) | 6.3 | 0.0 | (0.0) | (0.6) | (1.3) | (0.1) | 0.1 | (3.8) | 4.2 | 2.9 | (2.9) |
| Accrued Expenses - Increase/(Decrease) - Cash Flow | 39.7 | (7.0) | 14.9 | (5.5) | (50.2) | 19.4 | 29.8 | (12.0) | 5.6 | 15.5 | (32.2) | 40.9 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (3.8) | 92.7 | (90.7) | 22.3 | (8.8) | (34.6) | 70.2 | (55.7) | 122.3 | (40.1) | 22.2 | 14.5 |
| Net Cash Flow from Operating Activities | 147.8 | (37.6) | 39.9 | 115.4 | 152.9 | (19.1) | 40.6 | (23.8) | 93.1 | 96.4 | 29.5 | 187.4 |
| Capital Expenditures - Net - Cash Flow | 46.8 | 61.2 | 9.0 | 34.2 | 31.9 | 11.4 | (5.6) | 0.3 | 0.9 | (2.4) | 0.6 | 9.0 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 46.8 | 61.2 | 9.0 | 34.2 | 31.9 | 11.4 | (5.6) | 0.3 | 0.9 | (2.4) | 0.6 | 9.0 |
| Property, Plant & Equipment - Purchased - Cash Flow | 77.5 | 73.4 | 9.6 | 35.0 | 32.2 | 11.4 | 0.2 | 0.3 | 1.1 | 0.7 | 1.1 | 10.2 |
| Property, Plant & Equipment Sold - Cash Flow | 30.7 | 12.2 | 0.6 | 0.9 | 0.3 | 0.0 | 5.8 | 0.0 | 0.2 | 3.1 | 0.4 | 1.2 |
| Capital Expenditures - Total | 77.5 | 73.4 | 9.6 | 35.0 | 32.2 | 11.4 | 0.2 | 0.3 | 1.1 | 0.7 | 1.1 | 10.2 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (64.7) | 204.4 | 118.6 | (55.9) | (134.3) | 110.2 | (42.3) | 65.9 | (10.7) | (46.3) | (36.0) | (85.5) |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (64.7) | 204.4 | 118.6 | (55.9) | (134.3) | 110.2 | (42.3) | 65.9 | (10.7) | (46.3) | (36.0) | (85.5) |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | — | — | — | — | — | — | — | — | — | — | 3.2 | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | — | — | — | — | — | — | — | — | 39.2 | — |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | — | — | — | — | — | (1.5) | (1.7) | — | — |
| Net Cash Flow from Investing Activities | (111.5) | 143.2 | 109.6 | (90.1) | (166.2) | 98.8 | (36.7) | 65.6 | (13.1) | (45.6) | (36.6) | (94.5) |
| Dividends Paid - Cash - Total - Cash Flow | — | 133.1 | 92.5 | — | 0.1 | 79.1 | — | 39.7 | 66.4 | 39.5 | 35.8 | 36.8 |
| Dividends - Common - Cash Paid | — | 133.1 | 92.5 | — | 0.1 | 79.1 | — | 39.7 | 66.4 | 39.5 | 35.8 | 36.8 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (13.7) | (3.7) | 10.9 | (2.6) | (4.4) | (2.3) | (1.1) | (2.7) | (4.5) | (8.1) | (5.0) | (6.2) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (13.7) | (3.7) | 10.9 | (2.6) | (4.4) | (2.3) | (1.1) | (2.7) | (4.5) | (8.1) | (5.0) | (6.2) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (13.7) | (3.7) | 10.9 | (2.6) | (4.4) | (2.3) | (1.1) | (2.7) | (19.0) | 2.8 | (1.4) | (6.2) |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | — | — | — | 0.1 | — | — | — | — | — |
| Net Cash Flow from Financing Activities | (13.7) | (136.8) | (81.6) | (2.6) | (4.5) | (81.5) | (1.1) | (42.4) | (70.8) | (47.6) | (40.8) | (43.1) |
| Net Change in Cash - Total | 22.7 | (31.2) | 67.9 | 22.7 | (17.8) | (1.7) | 2.8 | (0.5) | 9.2 | 3.2 | (47.9) | 49.8 |
| Net Cash from Continuing Operations | 22.7 | (31.2) | 67.9 | 22.7 | (17.8) | (1.7) | 2.8 | (0.5) | 9.2 | 3.2 | (47.9) | 49.8 |
| Net Cash - Beginning Balance | 75.3 | 106.4 | 38.5 | 15.8 | 33.6 | 35.3 | 32.5 | 33.0 | 23.8 | 20.6 | 68.6 | 18.8 |
| Net Cash - Ending Balance | 97.9 | 75.3 | 106.4 | 38.5 | 15.8 | 33.6 | 35.3 | 32.5 | 33.0 | 23.8 | 20.6 | 68.6 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 13.9 | 74.5 | 62.9 | 51.9 | 49.0 | 28.6 | 32.5 | 42.1 | 46.3 | 6.9 | 39.6 | 40.4 |
| Interest Paid - Cash Flow - Supplemental | 2.9 | 2.2 | 0.5 | 1.4 | 81.0 | 0.5 | 1.7 | 1.1 | 5.8 | — | 1.7 | — |
| Interest & Dividends - Received - Cash Flow - Supplemental | 27.0 | 18.5 | 26.0 | 11.1 | 104.8 | 41.4 | 17.1 | 23.3 | 66.9 | 28.5 | 37.9 | 15.6 |
| CF from Optg Activities before Change in WC & Int Payments | 127.2 | 75.3 | 81.3 | 152.4 | 216.3 | 101.7 | 52.5 | 59.1 | 94.9 | 212.6 | 143.7 | (20.7) |
| Depreciation, Depletion & Amortization - Cash Flow | 14.7 | 11.8 | 11.2 | 10.2 | 10.9 | 10.3 | 7.7 | 12.0 | 11.3 | 14.2 | 11.8 | 10.1 |
| Free Cash Flow to Equity | 87.4 | (102.5) | 41.8 | 78.6 | 116.6 | (32.8) | 45.0 | (26.7) | 87.8 | 90.6 | 23.9 | 172.2 |
| Free Cash Flow Net of Dividends | 70.4 | (244.1) | (62.2) | 80.4 | 120.6 | (109.6) | 40.4 | (63.7) | 25.6 | 56.2 | (7.4) | 140.4 |
| Free Cash Flow | 70.4 | (111.0) | 30.3 | 80.4 | 120.7 | (30.4) | 40.4 | (24.0) | 92.0 | 95.7 | 28.5 | 177.2 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.