Thermax Limited (BOM:500411)

Thermax Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	4,177	4,866	4,528	3,108	4,613
Short-Term Investments	9,114	8,040	13,074	8,063	14,749
Trading Asset Securities	13,909	10,476	7,635	6,022	1,153
Cash & Short-Term Investments	27,200	23,382	25,238	17,193	20,515
Cash Growth	16.33%	-7.35%	46.79%	-16.20%	59.56%
Accounts Receivable	31,446	26,280	22,693	18,343	15,500
Other Receivables	571.2	352.3	93.5	348.8	392.2
Receivables	32,029	26,643	22,811	18,712	15,909
Inventory	7,203	7,649	7,556	7,270	4,047
Prepaid Expenses	319.2	301.4	242.3	246.9	190.4
Other Current Assets	6,468	6,506	4,954	3,957	4,003
Total Current Assets	73,220	64,481	60,802	47,378	44,665
Property, Plant & Equipment	31,760	23,938	16,497	11,985	12,312
Long-Term Investments	3,728	4,520	2,731	7,924	1,781
Goodwill	801.9	30.3	30.3	30.3	30.3
Other Intangible Assets	1,123	340.4	291.9	375.2	320.2
Long-Term Accounts Receivable	3,876	3,212	2,429	2,594	1,619
Long-Term Deferred Tax Assets	1,544	1,086	1,086	1,302	1,610
Other Long-Term Assets	4,283	3,880	4,472	2,971	2,667
Total Assets	120,380	101,530	88,386	74,611	65,069
Accounts Payable	16,966	15,329	14,979	14,598	11,380
Accrued Expenses	3,387	3,039	2,552	1,995	1,875
Short-Term Debt	4,837	4,132	3,633	2,836	2,846
Current Portion of Long-Term Debt	480.8	532.8	247.1	177.5	123.6
Current Portion of Leases	54.9	50.7	52.5	41.6	38.6
Current Income Taxes Payable	912.1	410.5	244.4	233.9	251.1
Current Unearned Revenue	26,165	21,067	20,509	16,135	12,687
Other Current Liabilities	3,548	2,692	1,875	1,565	1,505
Total Current Liabilities	56,351	47,254	44,092	37,581	30,707
Long-Term Debt	11,616	7,895	4,225	614.2	221.6
Long-Term Leases	188.3	164.1	147.4	81.3	66.1
Long-Term Unearned Revenue	581	486.5	371.5	559.1	838.1
Long-Term Deferred Tax Liabilities	300.4	122.8	29.1	30.9	70.1
Other Long-Term Liabilities	1,865	1,127	771.9	820	652.4
Total Liabilities	70,954	57,132	49,684	39,686	32,555
Common Stock	238.3	238.3	238.3	238.3	238.3
Additional Paid-In Capital	645.5	587.1	572.8	572.8	572.8
Retained Earnings	45,799	41,460	35,769	32,146	29,775
Treasury Stock	-13	-13.1	-13.1	-13.1	-13.1
Comprehensive Income & Other	2,699	2,126	2,114	1,981	1,941
Total Common Equity	49,369	44,398	38,681	34,925	32,514
Minority Interest	56.9	-	21.5	-	-
Shareholders' Equity	49,426	44,398	38,702	34,925	32,514
Total Liabilities & Equity	120,380	101,530	88,386	74,611	65,069
Total Debt	17,177	12,774	8,306	3,751	3,296
Net Cash (Debt)	10,024	10,607	16,932	13,442	17,219
Net Cash Growth	-5.50%	-37.35%	25.96%	-21.93%	66.59%
Net Cash Per Share	88.96	94.16	150.32	119.34	152.90
Filing Date Shares Outstanding	112.64	112.62	112.61	112.61	112.61
Total Common Shares Outstanding	112.64	112.62	112.61	112.61	112.61
Working Capital	16,869	17,227	16,710	9,797	13,958
Book Value Per Share	438.29	394.23	343.48	310.13	288.72
Tangible Book Value	47,445	44,027	38,359	34,519	32,163
Tangible Book Value Per Share	421.20	390.93	340.62	306.53	285.61
Land	310.8	198.2	189.4	119.7	75.7
Buildings	9,311	8,048	7,721	7,852	7,871
Machinery	25,814	18,669	11,312	10,273	10,122
Construction In Progress	5,608	5,194	4,338	443.2	210.6
Order Backlog	103,370	93,550	97,520	88,120	52,270

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.