Adani Enterprises 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	-	31,058	23,066	18,823	9,122	6,662
Short-Term Investments	-	12,420	6,199	6,260	7,558	7,667
Trading Asset Securities	-	22,556	14,545	1,650	620.2	285.1
Cash & Short-Term Investments	120,686	66,033	43,810	26,733	17,301	14,614
Cash Growth	80.31%	50.73%	63.88%	54.52%	18.39%	-53.48%
Accounts Receivable	-	106,124	105,783	133,162	143,036	124,383
Other Receivables	-	8,102	7,309	13,604	7,276	6,119
Receivables	-	128,386	126,919	191,992	164,841	144,633
Inventory	-	102,874	94,869	69,181	67,883	17,570
Prepaid Expenses	-	3,666	3,244	4,374	2,947	1,044
Other Current Assets	-	106,486	99,760	78,938	56,483	21,772
Total Current Assets	-	407,445	368,601	371,217	309,454	199,633
Property, Plant & Equipment	-	990,118	806,299	674,889	403,389	143,338
Long-Term Investments	-	144,348	123,161	100,274	58,558	64,836
Goodwill	-	10,861	10,400	8,872	3,009	1,520
Other Intangible Assets	-	284,555	192,471	124,620	129,808	51,460
Long-Term Accounts Receivable	-	1,237	4,359	4,203	-	-
Long-Term Deferred Tax Assets	-	2,927	1,456	2,093	1,738	765.4
Other Long-Term Assets	-	100,832	77,572	82,940	49,280	22,887
Total Assets	-	1,981,355	1,607,319	1,414,878	1,017,602	516,429
Accounts Payable	-	208,677	245,705	285,469	176,478	117,563
Accrued Expenses	-	30,390	19,827	14,095	4,230	4,350
Short-Term Debt	-	-	-	42,419	193,693	58,202
Current Portion of Long-Term Debt	-	116,352	64,057	14,877	8,511	7,079
Current Portion of Leases	-	13,525	12,666	12,963	636.4	125.3
Current Income Taxes Payable	-	1,950	1,532	1,015	1,677	242.9
Current Unearned Revenue	-	33,434	52,304	28,950	19,112	13,761
Other Current Liabilities	-	69,504	50,426	48,244	34,161	13,507
Total Current Liabilities	-	473,832	446,517	448,031	438,498	214,831
Long-Term Debt	-	646,013	437,182	325,900	208,034	95,233
Long-Term Leases	-	142,303	139,197	135,846	5,166	1,631
Long-Term Unearned Revenue	-	64,592	58,614	47,627	33,906	2,697
Pension & Post-Retirement Benefits	-	1,987	1,587	1,270	858.2	412.6
Long-Term Deferred Tax Liabilities	-	33,624	29,338	29,799	26,063	261.4
Other Long-Term Liabilities	-	54,302	53,021	47,505	35,793	12,262
Total Liabilities	-	1,416,651	1,165,456	1,035,978	748,318	327,329
Common Stock	-	1,154	1,140	1,140	1,100	1,100
Additional Paid-In Capital	-	139,078	102,138	102,138	25,179	9,826
Retained Earnings	-	256,045	191,195	160,762	137,129	131,493
Comprehensive Income & Other	-	106,862	96,288	66,470	59,158	29,167
Total Common Equity	540,563	503,140	390,761	330,510	222,565	171,586
Minority Interest	-	61,565	51,102	48,390	46,719	17,514
Shareholders' Equity	615,777	564,705	441,863	378,901	269,284	189,100
Total Liabilities & Equity	-	1,981,355	1,607,319	1,414,878	1,017,602	516,429
Total Debt	1,094,649	918,192	653,102	532,005	416,040	162,271
Net Cash (Debt)	-973,963	-852,158	-609,292	-505,272	-398,740	-147,657
Net Cash Per Share	-858.40	-743.25	-534.47	-444.98	-362.55	-134.26
Filing Date Shares Outstanding	1,203	1,154	1,140	1,140	1,100	1,100
Total Common Shares Outstanding	1,203	1,154	1,140	1,140	1,100	1,100
Working Capital	-	-66,387	-77,916	-76,813	-129,044	-15,198
Book Value Per Share	445.61	413.19	319.75	289.92	196.55	156.01
Tangible Book Value	212,828	207,724	187,890	197,019	89,748	118,607
Tangible Book Value Per Share	161.66	157.24	141.80	172.82	75.78	107.84
Land	-	5,298	4,647	6,910	5,626	5,314
Buildings	-	51,806	46,171	39,405	109,515	12,208
Machinery	-	278,246	186,039	117,161	76,885	51,829
Construction In Progress	-	318,566	219,310	176,990	195,642	86,863

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.