SML Mahindra Balance Sheet

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

Millions INR. Fiscal year is Apr - Mar.

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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	194.8	45.09	31.01	348.2	34.92	106.73
Short-Term Investments	-	21.33	35.74	16.15	13.75	13.79
Trading Asset Securities	-	-	-	-	-	42.39
Cash & Short-Term Investments	194.8	66.42	66.75	364.35	48.66	162.91
Cash Growth	-53.72%	-0.50%	-81.68%	648.71%	-70.13%	-53.55%
Accounts Receivable	968.2	2,702	2,653	1,690	757.47	789.18
Other Receivables	-	15.47	16.6	10.41	4.43	21.87
Receivables	979.3	2,726	2,678	1,707	766.42	817.12
Inventory	5,935	6,631	5,795	5,803	4,232	3,087
Prepaid Expenses	-	57.26	48.34	37.79	29.17	25.76
Restricted Cash	-	3.8	3.96	3.6	3.27	2.82
Other Current Assets	319	402.59	441.15	330.72	302.49	109.73
Total Current Assets	7,429	9,887	9,033	8,246	5,382	4,205
Property, Plant & Equipment	3,366	3,221	3,103	2,748	2,822	3,043
Long-Term Investments	-	18.45	11.84	15.67	28.26	10.69
Other Intangible Assets	644.3	618.72	702.3	763.1	848.99	611.06
Long-Term Deferred Tax Assets	-	-	-	190.82	174.98	150.56
Other Long-Term Assets	213.7	214.66	129	141.59	101.76	136.25
Total Assets	11,661	13,968	12,994	12,125	9,366	8,158

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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
Accounts Payable	3,732	4,055	3,701	3,319	2,916	2,447
Accrued Expenses	-	316.59	561.31	572.68	799.61	297.03
Short-Term Debt	-	2,163	2,250	3,500	2,240	2,344
Current Portion of Long-Term Debt	287	532.32	341.82	252.9	176.08	471.12
Current Portion of Leases	22.7	22.83	27.83	25.47	23.42	16.05
Current Income Taxes Payable	30.4	1.45	23.01	1.45	1.45	3.46
Current Unearned Revenue	-	45.2	35.89	34.16	25.98	15.96
Other Current Liabilities	1,182	760.58	775.44	489.99	667.22	338.51
Total Current Liabilities	5,254	7,897	7,717	8,196	6,850	5,934
Long-Term Debt	12.4	106.49	625.54	403.52	165.22	90.32
Long-Term Leases	61.6	66.77	24.91	30.66	40.61	55.92
Long-Term Unearned Revenue	29.8	27.62	18.44	18.49	16.6	10
Pension & Post-Retirement Benefits	-	78.74	75.25	148.31	99.62	24.5
Long-Term Deferred Tax Liabilities	172.2	205.17	178.24	-	-	-
Other Long-Term Liabilities	532.1	392.49	528.13	472.78	414.51	428.8
Total Liabilities	6,062	8,774	9,168	9,269	7,586	6,543

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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
Common Stock	144.8	144.72	144.72	144.72	144.72	144.72
Additional Paid-In Capital	-	745.29	745.29	745.29	745.29	745.29
Retained Earnings	-	4,303	2,937	1,966	889.39	719.28
Comprehensive Income & Other	5,454	0.07	0.07	0.07	0.07	5.57
Shareholders' Equity	5,599	5,193	3,827	2,856	1,779	1,615
Total Liabilities & Equity	11,661	13,968	12,994	12,125	9,366	8,158

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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
Total Debt	383.7	2,891	3,271	4,213	2,645	2,978
Net Cash (Debt)	-188.9	-2,825	-3,204	-3,848	-2,596	-2,815
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.05	-195.19	-221.38	-265.92	-179.42	-194.50
Filing Date Shares Outstanding	14.46	14.47	14.47	14.47	14.47	14.47
Total Common Shares Outstanding	14.46	14.47	14.47	14.47	14.47	14.47
Working Capital	2,175	1,990	1,316	50.52	-1,468	-1,729
Book Value Per Share	387.15	358.87	264.42	197.34	122.96	111.59
Tangible Book Value	4,955	4,575	3,124	2,093	930.48	1,004
Tangible Book Value Per Share	342.60	316.11	215.89	144.61	64.30	69.36
Land	-	4.87	4.87	4.87	28.39	28.39
Buildings	-	1,389	1,325	1,284	1,277	1,276
Machinery	-	4,365	3,851	3,696	3,483	3,377
Construction In Progress	-	232.95	422.86	25.74	9.36	47.48