NLC 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	Sep '25 Sep 30, 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	7,426	1,870	5,655	774.8	1,394	1,573
Short-Term Investments	-	1.8	0.6	50	-	-
Accounts Receivable	29,906	41,216	51,713	72,572	49,927	86,921
Other Receivables	-	3,105	3,407	2,125	672.5	593.7
Inventory	19,443	19,127	14,836	11,825	12,014	16,286
Prepaid Expenses	-	504.5	1,170	1,043	1,141	1,723
Restricted Cash	-	66.8	84.7	58.5	18.8	-
Loans Receivable Current	218.4	200.3	218.5	60.2	268.2	302.9
Other Current Assets	19,575	14,557	16,173	9,293	10,514	18,397
Total Current Assets	76,568	80,648	93,258	97,801	75,951	125,797
Property, Plant & Equipment	480,698	457,838	408,887	385,150	375,936	371,716
Regulatory Assets	8,396	4,696	18,011	17,947	26,755	22,461
Other Intangible Assets	2,061	2,126	2,287	1,795	1,898	1,471
Long-Term Investments	82.1	80.8	78.4	75.9	66.2	135.9
Long-Term Loans Receivable	129.1	92.2	155.9	349.5	231.9	301.7
Long-Term Deferred Charges	-	-	-	-	1,136	1,017
Long-Term Accounts Receivable	-	718.1	2,749	4,654	-	-
Other Long-Term Assets	41,493	32,315	23,992	22,904	15,880	10,020
Total Assets	609,427	578,514	549,418	530,677	497,854	532,919
Accounts Payable	18,184	18,980	13,754	9,509	15,180	18,957
Accrued Expenses	-	17,958	11,622	9,444	11,064	10,712
Short-Term Debt	-	26,275	17,475	22,813	15,924	62,832
Current Portion of Long-Term Debt	24,219	12,735	14,063	15,262	16,208	20,126
Current Unearned Revenue	-	40.1	39.5	37.8	46.2	48.1
Current Portion of Leases	41.7	21.2	23.2	24.2	-	-
Other Current Liabilities	51,492	31,063	22,489	13,676	4,072	8,184
Total Current Liabilities	93,937	107,073	79,465	70,766	62,493	120,858
Long-Term Debt	219,059	184,911	192,257	184,982	188,453	189,344
Long-Term Leases	360.9	343.5	337.2	250	277	41
Long-Term Unearned Revenue	-	2,205	1,337	1,180	1,237	1,190
Long-Term Deferred Tax Liabilities	35,497	40,284	37,904	33,814	30,543	27,379
Other Long-Term Liabilities	27,786	24,250	44,455	63,429	51,109	40,289
Total Liabilities	376,640	359,066	355,756	354,420	334,111	379,102
Common Stock	13,866	13,866	13,866	13,866	13,866	13,866
Retained Earnings	161,808	167,533	145,485	131,816	122,063	115,350
Comprehensive Income & Other	23,982	5,830	5,959	6,006	5,963	5,632
Total Common Equity	199,656	187,230	165,311	151,688	141,892	134,848
Minority Interest	33,131	32,218	28,352	24,568	21,851	18,968
Shareholders' Equity	232,787	219,447	193,662	176,257	163,743	153,817
Total Liabilities & Equity	609,427	578,514	549,418	530,677	497,854	532,919
Total Debt	243,680	224,286	224,155	223,331	220,861	272,343
Net Cash (Debt)	-236,254	-222,414	-218,500	-222,507	-219,467	-270,769
Net Cash Per Share	-171.50	-160.40	-157.58	-160.46	-158.27	-195.27
Filing Date Shares Outstanding	1,272	1,387	1,387	1,387	1,387	1,387
Total Common Shares Outstanding	1,272	1,387	1,387	1,387	1,387	1,387
Working Capital	-17,368	-26,425	13,793	27,035	13,458	4,939
Book Value Per Share	156.99	135.02	119.22	109.39	102.33	97.25
Tangible Book Value	197,596	185,104	163,024	149,893	139,994	133,377
Tangible Book Value Per Share	155.37	133.49	117.57	108.10	100.96	96.19
Land	-	23,053	21,487	19,225	17,394	16,294
Buildings	-	10,677	8,931	8,734	8,565	8,190
Machinery	-	385,982	309,285	304,456	304,904	299,120
Construction In Progress	-	152,974	177,265	146,363	129,086	114,949

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.