APIS India Balance Sheet

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	-	2.93	6.13	12.59	24.55	9.39
Short-Term Investments	-	-	-	0.62	0.64	0.55
Cash & Short-Term Investments	6.95	2.93	6.13	13.21	25.19	9.94
Cash Growth	89.14%	-52.24%	-53.55%	-47.57%	153.45%	-39.71%
Accounts Receivable	-	1,148	849.18	784.61	851.53	588.05
Other Receivables	-	289.89	239.19	178.37	127.92	145.15
Receivables	-	1,438	1,088	962.99	979.46	733.2
Inventory	-	786.5	915.38	948.54	1,099	1,072
Prepaid Expenses	-	4.89	0.56	3.75	1.94	1.68
Other Current Assets	-	46.98	55.83	37.99	74.73	148.96
Total Current Assets	-	2,279	2,066	1,966	2,181	1,966
Property, Plant & Equipment	-	149.72	133.76	124.43	140.3	154.74
Long-Term Investments	-	398.79	355.07	246.5	141.74	118.18
Other Intangible Assets	-	1.87	4.09	0.57	0.57	2.15
Long-Term Accounts Receivable	-	-	-	-	-	9.89
Long-Term Deferred Tax Assets	-	13.64	9.42	-	8.03	8.07
Other Long-Term Assets	-	37.44	77.39	188.2	97.27	51.81
Total Assets	-	2,880	2,646	2,526	2,569	2,310
Accounts Payable	-	331.86	374.46	454	415.97	396.97
Accrued Expenses	-	75.86	72.06	42.77	50.25	47.81
Short-Term Debt	-	563.95	491.35	649.02	906.32	695.61
Current Portion of Long-Term Debt	-	30.83	28.73	21.6	24.52	27.91
Current Income Taxes Payable	-	12.76	23.67	4.42	23.96	11.05
Other Current Liabilities	-	47.9	82.74	105.62	66.23	147.56
Total Current Liabilities	-	1,063	1,073	1,277	1,487	1,327
Long-Term Debt	-	44.06	74.9	66.66	86.49	101.58
Long-Term Leases	-	25.7	9.29	14.95	19.88	24.06
Pension & Post-Retirement Benefits	-	15.75	10.59	7.38	1.04	8.85
Long-Term Deferred Tax Liabilities	-	-	-	4.37	-	-
Other Long-Term Liabilities	-	-	-	-	0	-
Total Liabilities	-	1,149	1,168	1,371	1,595	1,461
Common Stock	-	55.1	55.1	55.1	55.1	55.1
Additional Paid-In Capital	-	0.07	0.07	0.07	0.07	0.07
Retained Earnings	-	1,637	1,388	1,062	879.68	796.9
Comprehensive Income & Other	-	39.66	35.23	38.06	39.14	-3.09
Total Common Equity	1,828	1,732	1,478	1,155	973.99	848.99
Shareholders' Equity	1,828	1,732	1,478	1,155	973.99	848.99
Total Liabilities & Equity	-	2,880	2,646	2,526	2,569	2,310
Total Debt	466.5	664.53	604.26	752.24	1,037	849.16
Net Cash (Debt)	-459.55	-661.6	-598.13	-739.03	-1,012	-839.23
Net Cash Per Share	-1.94	-4.80	-4.34	-5.36	-7.35	-6.09
Filing Date Shares Outstanding	138.72	137.75	137.75	137.75	137.75	137.75
Total Common Shares Outstanding	138.72	137.75	137.75	137.75	137.75	137.75
Working Capital	-	1,216	993.27	689.04	693.48	638.63
Book Value Per Share	13.27	12.57	10.73	8.39	7.07	6.16
Tangible Book Value	1,826	1,730	1,474	1,155	973.42	846.83
Tangible Book Value Per Share	13.26	12.56	10.70	8.38	7.07	6.15
Land	-	4.34	4.34	4.34	4.34	4.34
Buildings	-	72.41	72.41	72.41	72.41	72.41
Machinery	-	280.87	257.36	224.39	207.31	180.12
Construction In Progress	-	0.65	0.29	0.29	-	14.48

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