Operating cash flow shows cash generated by the core business. Investing cash flow shows spending on assets. Financing cash flow shows borrowing and repayment.
When reading risk factors, note which ones are specific to this company rather than generic to the industry. Company-specific risks are the more informative ones.
An easy example
Operating cash flow of minus Rs 64 crore alongside a reported profit of Rs 112 crore signals that cash is tied up somewhere in the business.
Important note
Risk factors are ordered roughly by materiality in most prospectuses, so the first few pages matter most.
Common mistake
Skipping the risk factor section because it looks like standard legal text.