SML Shakarganj Limited
Latest results: FY2025 · Sep 2025 Q2 FY2026 · Jan – Mar 2026
Last close · 15 Oct 2026
Rs 92.66 0.00%
Quarterly · Q3 FY2021 – Q2 FY2026
Shakarganj Limited (SML) quarterly cash flow statement
Operating activities generated -Rs 950.2 mn of cash in Q2 FY2026 (Jan – Mar 2026), down 377.8% on Q2 FY2025. Capital expenditure was Rs 280.8 mn, leaving free cash flow of -Rs 1.2 bn. Overall, cash decreased by Rs 79.8 mn.
| Rs mn | TTM to Mar 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 | Q3 FY2021 Apr – Jun 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | (3,749.9) | (1,436.0) | (970.7) | (771.4) | (571.8) | (1,292.4) | (763.9) | (1,136.7) | (703.7) | (750.3) | (531.3) | (370.4) | (406.7) | 522.7 | 37.2 | (321.3) | (114.7) | 508.8 | (403.2) | (98.2) | (207.3) |
| Depreciation & amortisation | 1,140.6 | 299.1 | 294.1 | 273.1 | 274.3 | 274.6 | 274.2 | 297.2 | 291.2 | 291.4 | 291.0 | 320.9 | 320.8 | 324.9 | 322.7 | 358.0 | 345.0 | 345.8 | 346.3 | 222.3 | 224.6 |
| Net cash from operating activities | (840.9) | (950.2) | 192.0 | (123.6) | 40.9 | 342.0 | (1.1) | 227.4 | 175.7 | (221.4) | 185.2 | (53.2) | (66.9) | 29.9 | 247.8 | 245.5 | 397.0 | 72.4 | (161.5) | (74.7) | 362.6 |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (323.4) | (280.8) | (5.0) | (37.6) | 0.0 | (21.2) | (16.2) | (55.6) | (0.9) | (33.0) | (32.7) | (38.0) | (5.1) | (41.5) | (67.0) | (185.8) | (50.5) | (108.7) | (36.5) | (8.6) | (65.5) |
| Net cash from investing activities | 1,267.1 | 953.8 | (4.4) | 157.3 | 160.4 | (10.9) | (15.2) | (30.1) | 1.2 | 224.9 | (13.9) | 256.9 | 131.9 | 97.9 | (66.7) | (220.0) | (5.2) | 65.9 | 157.1 | 409.8 | (61.3) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | — | — | 0.0 | (0.0) | — | — | 0.0 | 0.0 | (0.1) | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | (0.0) |
| Borrowings raised / (repaid) | (422.6) | (83.5) | (87.1) | (96.5) | (155.6) | (303.9) | (233.0) | (76.8) | (116.8) | (69.1) | (156.3) | (115.2) | (92.2) | (160.0) | (154.3) | (169.3) | (311.3) | (98.4) | (178.9) | (367.2) | (199.0) |
| Net cash from financing activities | (422.6) | (83.5) | (87.1) | (96.5) | (155.6) | (303.9) | (233.0) | (76.8) | (116.8) | (69.2) | (156.3) | (115.2) | (92.2) | (160.0) | (154.3) | (169.3) | (311.3) | (98.4) | (178.9) | (367.2) | (199.0) |
| Net change in cash | 3.5 | (79.8) | 100.5 | (62.9) | 45.7 | 27.3 | (249.3) | 120.5 | 60.1 | (65.6) | 15.1 | 88.6 | (27.2) | (32.2) | 26.8 | (143.8) | 80.5 | 39.9 | (183.3) | (32.0) | 102.4 |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (1,164.3) | (1,231.0) | 187.0 | (161.2) | 40.9 | 320.8 | (17.3) | 171.9 | 174.8 | (254.4) | 152.5 | (91.2) | (72.0) | (11.6) | 180.7 | 59.6 | 346.5 | (36.3) | (198.0) | (83.3) | 297.1 |
| Rs mn | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 | Q3 FY2021 Apr – Jun 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | — | — | — | — | — | — | — | -243.5% | -1,528.7% | — | — | +2.7% | — | — | — | — | — | — | — |
| Depreciation & amortisation | +8.9% | +7.2% | -8.1% | -5.8% | -5.8% | -5.8% | -7.4% | -9.2% | -10.3% | -9.8% | -10.4% | -7.0% | -6.0% | -6.8% | +61.0% | +53.6% | +39.9% | +61.1% | -5.6% | -12.5% |
| Net cash from operating activities | -377.8% | — | -154.4% | -76.8% | — | -100.6% | — | — | -840.0% | -25.2% | -121.7% | -116.9% | -58.7% | — | — | +9.5% | -59.4% | — | -117.3% | -45.4% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +1,223.3% | -69.2% | -32.4% | -100.0% | -35.7% | -50.5% | +46.0% | -81.8% | -20.4% | -51.2% | -79.5% | -90.0% | -61.8% | +83.8% | +2,057.2% | -22.8% | +58.2% | -38.9% | -62.5% | -40.5% |
| Net cash from investing activities | — | — | — | +13,820.8% | -104.8% | — | -111.7% | -99.1% | +129.8% | — | — | — | +48.5% | -142.4% | -153.7% | — | +218.7% | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — | -100.0% | -100.0% | — | -100.0% | -50.0% | +350.0% | -100.0% | — |
| Borrowings raised / (repaid) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net cash from financing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | -392.6% | — | -152.1% | -24.0% | — | -1,753.4% | +36.0% | — | — | -43.7% | — | -133.8% | -180.6% | — | — | -21.3% | +479.1% | — | -161.4% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -483.8% | — | -193.8% | -76.6% | — | -111.3% | — | — | — | -15.6% | -252.9% | -120.8% | — | — | — | +16.6% | -133.1% | — | -120.4% | -46.4% |
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 17 Oct 2026.
All reported line items 50
| Rs mn | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (1,436.0) | (970.7) | (771.4) | (571.8) | (1,292.4) | (763.9) | (1,136.7) | (703.7) | (750.3) | (531.3) | (370.4) | (406.7) |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 581.1 | 480.3 | 314.4 | 468.7 | 527.2 | 538.8 | 879.3 | 445.4 | 522.4 | 463.3 | 612.8 | 520.2 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 254.1 | 88.0 | (125.2) | 149.1 | 149.3 | 122.9 | 380.8 | (43.3) | 154.5 | (3.1) | 69.0 | 45.4 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 127.7 | 98.7 | 188.8 | 104.2 | 110.1 | 140.2 | 223.1 | 199.8 | 153.2 | 189.8 | 220.5 | 190.8 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 299.1 | 294.1 | 273.1 | 274.3 | 274.6 | 274.2 | 297.2 | 291.2 | 291.4 | 291.0 | 320.9 | 320.8 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 299.1 | 294.1 | 273.1 | 274.3 | 274.6 | 274.2 | 297.0 | 290.9 | 291.1 | 290.8 | 320.6 | 320.5 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (99.8) | (0.4) | (23.1) | (58.8) | (5.9) | 1.5 | (18.9) | (1.0) | (81.6) | (14.5) | (2.5) | (31.6) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | — | — | 0.9 | 0.0 | (0.9) | — | (2.9) | (1.3) | 4.8 | — | 4.9 | (5.2) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 107.0 | 15.4 | (405.2) | 33.9 | 96.6 | 58.4 | 40.0 | 108.1 | 72.1 | 106.7 | 25.3 | 72.7 |
| Interest Paid - Cash | 40.8 | 46.8 | 97.3 | 34.5 | 77.5 | 180.7 | 107.0 | 121.0 | 65.9 | 196.7 | 283.8 | 130.9 |
| Cash Flow from Operating Activities before Changes in Working Capital | (1,002.7) | (552.6) | (149.0) | (171.5) | (939.3) | (464.2) | (404.4) | (487.5) | (365.9) | (371.4) | (66.7) | (90.1) |
| Working Capital - Increase/(Decrease) - Cash Flow | 52.5 | 744.6 | 25.4 | 212.4 | 1,281.3 | 463.1 | 631.8 | 663.3 | 144.6 | 556.6 | 13.6 | 23.2 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (206.9) | 17.2 | 109.6 | 8.7 | 25.7 | (24.4) | (6.8) | (23.7) | (56.7) | (96.5) | (100.3) | 78.5 |
| Inventories - Decrease/(Increase) - Cash Flow | 1,052.5 | (1,017.6) | 447.8 | 359.3 | 13.5 | (677.1) | 740.9 | 842.0 | (293.5) | (309.5) | 478.6 | 269.5 |
| Other Assets - Decrease/(Increase) - Cash Flow | 257.6 | 158.5 | 185.9 | 124.5 | 214.2 | 253.4 | (8.0) | 3.9 | (245.7) | (179.9) | (311.4) | (65.9) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 925.2 | 438.6 | (310.6) | (133.2) | 885.9 | (51.3) | (367.5) | (159.0) | 740.4 | 1,142.6 | (53.3) | (258.8) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (1,975.9) | 1,148.0 | (407.4) | (147.0) | 142.0 | 962.5 | 273.3 | — | — | — | — | — |
| Net Cash Flow from Operating Activities | (950.2) | 192.0 | (123.6) | 40.9 | 342.0 | (1.1) | 227.4 | 175.7 | (221.4) | 185.2 | (53.2) | (66.9) |
| Capital Expenditures - Net - Cash Flow | (953.8) | 4.4 | (122.9) | (160.4) | 10.9 | 15.2 | 30.1 | (1.2) | (224.9) | 13.9 | (256.9) | (131.9) |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | (953.8) | 4.4 | (122.9) | (160.4) | 10.9 | 15.2 | 30.1 | (1.2) | (224.9) | 13.9 | (256.9) | (131.9) |
| Property, Plant & Equipment - Purchased - Cash Flow | 280.8 | 5.0 | 37.6 | 0.0 | 21.2 | 16.2 | 55.6 | 0.9 | 33.0 | 32.7 | 38.0 | 5.1 |
| Property, Plant & Equipment Sold - Cash Flow | 1,234.6 | 0.6 | 160.5 | 160.4 | 10.4 | 1.0 | 25.5 | 2.1 | 258.0 | 18.8 | 295.0 | 137.0 |
| Capital Expenditures - Total | 280.8 | 5.0 | 37.6 | 0.0 | 21.2 | 16.2 | 55.6 | 0.9 | 33.0 | 32.7 | 38.0 | 5.1 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | — | — | 34.4 | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | — | — | 34.4 | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | — | — | 34.4 | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 |
| Net Cash Flow from Investing Activities | 953.8 | (4.4) | 157.3 | 160.4 | (10.9) | (15.2) | (30.1) | 1.2 | 224.9 | (13.9) | 256.9 | 131.9 |
| Dividends Paid - Cash - Total - Cash Flow | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.1 | — | 0.0 | 0.0 |
| Dividends - Common - Cash Paid | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.1 | — | 0.0 | 0.0 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (83.5) | (87.1) | (96.5) | (155.6) | (303.9) | (233.0) | (76.8) | (116.8) | (69.1) | (156.3) | (115.2) | (92.2) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (37.2) | 0.0 | 0.0 | (64.6) | (224.8) | 62.3 | 15.2 | (65.2) | (16.0) | (88.4) | (19.5) | (6.4) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (46.3) | (87.1) | (96.5) | (91.0) | (79.1) | (295.3) | (92.0) | (51.6) | (53.1) | (67.9) | (95.7) | (85.8) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (8.9) | (44.4) | (52.5) | (42.0) | (41.6) | (40.4) | (39.0) | (38.4) | (46.9) | (61.6) | (59.4) | (67.1) |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 |
| Debt - Reduced - Long-Term - Cash Flow | 46.3 | 87.1 | 96.5 | 91.0 | 79.1 | 295.3 | 92.0 | 51.6 | 53.1 | 67.9 | 95.7 | 85.8 |
| Lease liabilities - Reduced - Cash flow represents cash outflow due to the repayment of lease liability/debt of the company. It includes finance leases, capitalized lease, and hire-purchase agreement. Applicable to all industries. If Lease liability issue | 8.9 | 44.4 | 52.5 | 42.0 | 41.6 | 40.4 | 39.0 | 38.4 | 46.9 | 61.6 | 59.4 | 67.1 |
| Net Cash Flow from Financing Activities | (83.5) | (87.1) | (96.5) | (155.6) | (303.9) | (233.0) | (76.8) | (116.8) | (69.2) | (156.3) | (115.2) | (92.2) |
| Net Change in Cash - Total | (79.8) | 100.5 | (62.9) | 45.7 | 27.3 | (249.3) | 120.5 | 60.1 | (65.6) | 15.1 | 88.6 | (27.2) |
| Net Cash from Continuing Operations | (79.8) | 100.5 | (62.9) | 45.7 | 27.3 | (249.3) | 120.5 | 60.1 | (65.6) | 15.1 | 88.6 | (27.2) |
| Net Cash - Beginning Balance | 125.0 | 24.5 | 87.3 | 41.7 | 14.4 | 263.7 | 143.1 | 83.1 | 148.7 | 133.6 | 45.0 | 72.2 |
| Net Cash - Ending Balance | 45.2 | 125.0 | 24.5 | 87.3 | 41.7 | 14.4 | 263.7 | 143.1 | 83.1 | 148.7 | 133.6 | 45.0 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 107.0 | 15.4 | (405.2) | 33.9 | 96.6 | 58.4 | 40.0 | 108.1 | 72.1 | 106.7 | 25.3 | 72.7 |
| Interest Paid - Cash Flow - Supplemental | 40.8 | 46.8 | 97.3 | 34.5 | 77.5 | 180.7 | 107.0 | 121.0 | 65.9 | 196.7 | 283.8 | 130.9 |
| CF from Optg Activities before Change in WC & Int Payments | (961.9) | (505.8) | (51.8) | (137.0) | (861.8) | (283.5) | (297.4) | (366.5) | (300.0) | (174.6) | 217.1 | 40.8 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (1,975.9) | 1,148.0 | (407.4) | (147.0) | 142.0 | 962.5 | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 299.1 | 294.1 | 273.1 | 274.3 | 274.6 | 274.2 | 297.2 | 291.2 | 291.4 | 291.0 | 320.9 | 320.8 |
| Free Cash Flow to Equity | (79.8) | 100.5 | (97.3) | 45.7 | 27.3 | (249.3) | 120.5 | 60.1 | (65.6) | 15.1 | 88.6 | (27.2) |
| Free Cash Flow Net of Dividends | (1,231.0) | 187.0 | (161.2) | 40.8 | 320.8 | (17.3) | 171.9 | 174.8 | (254.5) | 152.5 | (91.2) | (72.0) |
| Free Cash Flow | (1,231.0) | 187.0 | (161.2) | 40.9 | 320.8 | (17.3) | 171.9 | 174.8 | (254.4) | 152.5 | (91.2) | (72.0) |
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.