Novartis India Balance Sheet

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	6,677	520.7	449.8	194.2	1,584
Short-Term Investments	-	5,850	5,400	5,350	3,579
Cash & Short-Term Investments	6,677	6,371	5,850	5,544	5,163
Cash Growth	4.81%	8.91%	5.51%	7.38%	3.80%
Accounts Receivable	370.5	401.4	414.7	361.6	445.6
Other Receivables	-	89	94.7	130	116.4
Receivables	370.5	490.4	509.4	491.6	566.6
Inventory	533.2	411.1	448.6	547.2	570.7
Prepaid Expenses	-	24.7	18.9	29.5	38.5
Other Current Assets	101.8	161.3	165.9	160.8	748.6
Total Current Assets	7,683	7,458	6,993	6,773	7,087
Property, Plant & Equipment	28.8	45.4	69.4	192.5	236.5
Long-Term Deferred Tax Assets	134.7	154.8	153.7	158	271.8
Other Long-Term Assets	1,937	1,820	2,034	2,706	1,974
Total Assets	9,783	9,478	9,249	9,829	9,576
Accounts Payable	546.5	514.7	615.9	596.7	722
Accrued Expenses	-	297.9	356.7	343.3	562.6
Short-Term Debt	-	-	0.2	-	-
Current Portion of Leases	16.4	18.5	18.8	41.2	57.4
Current Income Taxes Payable	162.9	134.4	74.8	60.8	82.6
Other Current Liabilities	723.9	455	505.6	552.9	739.6
Total Current Liabilities	1,450	1,421	1,572	1,595	2,164
Long-Term Leases	15.7	32.1	50.7	173.9	182.7
Pension & Post-Retirement Benefits	-	144.5	145.7	188.4	255.6
Other Long-Term Liabilities	139	31.4	32.7	115.6	56.2
Total Liabilities	1,604	1,629	1,801	2,073	2,659
Common Stock	123.4	123.4	123.4	123.4	123.4
Retained Earnings	-	7,690	7,288	7,597	6,779
Comprehensive Income & Other	8,055	36.4	36.4	36	14.2
Shareholders' Equity	8,178	7,850	7,448	7,757	6,917
Total Liabilities & Equity	9,783	9,478	9,249	9,829	9,576
Total Debt	32.1	50.6	69.7	215.1	240.1
Net Cash (Debt)	6,645	6,320	5,780	5,329	4,923
Net Cash Growth	5.14%	9.34%	8.46%	8.25%	13.19%
Net Cash Per Share	269.13	255.97	234.10	215.83	199.38
Filing Date Shares Outstanding	24.68	24.69	24.69	24.69	24.69
Total Common Shares Outstanding	24.68	24.69	24.69	24.69	24.69
Working Capital	6,233	6,038	5,421	5,178	4,923
Book Value Per Share	331.34	317.92	301.66	314.15	280.14
Tangible Book Value	8,178	7,850	7,448	7,757	6,917
Tangible Book Value Per Share	331.34	317.92	301.66	314.15	280.14
Buildings	-	-	0.5	0.5	0.9
Machinery	-	-	45.1	47.7	80.5
Leasehold Improvements	-	37.9	40.1	46.3	46.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.