Incap 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	0.82	30.61	81.32	126.55	148.44	178.65
Cash & Short-Term Investments	0.82	30.61	81.32	126.55	148.44	178.65
Cash Growth	-74.27%	-62.36%	-35.74%	-14.74%	-16.91%	30.67%
Accounts Receivable	108.2	142	98.12	62.21	51.35	74.4
Other Receivables	-	-2.63	0.59	-	-	-
Receivables	108.2	139.37	98.71	62.21	51.35	74.4
Inventory	89.83	22.9	28.68	20.06	23.07	21.33
Other Current Assets	23.3	6.28	7.95	11.76	11.68	22.37
Total Current Assets	222.14	199.17	216.65	220.58	234.53	296.76
Property, Plant & Equipment	58.18	73.31	34.31	36.73	34.93	41.91
Long-Term Investments	25.71	25.71	22.14	22.14	20	20
Other Long-Term Assets	1.01	1.1	1.03	1.31	1.69	2.58
Total Assets	334.18	299.44	274.31	280.92	293.44	363.46
Accounts Payable	69.1	63.79	69.4	91.02	99.57	167.83
Accrued Expenses	22.85	16.66	13.7	15.09	13.83	20.19
Short-Term Debt	-	39.91	21.7	-	-	-
Current Portion of Long-Term Debt	10.71	6.43	2.17	6.87	7.68	6.01
Other Current Liabilities	55.59	0.1	0.15	0.26	0.2	-
Total Current Liabilities	158.25	126.9	107.12	113.24	121.29	194.02
Long-Term Debt	4.38	7.6	3.65	5.08	11.07	12.26
Long-Term Deferred Tax Liabilities	2.49	2.49	2.84	2.84	2.82	2.35
Total Liabilities	165.13	136.99	113.61	121.17	135.19	208.63
Common Stock	51.33	51.33	51.33	51.33	51.33	51.33
Additional Paid-In Capital	-	2.24	2.24	2.24	2.24	2.24
Retained Earnings	-	108.31	105.45	103.89	102.39	99.5
Comprehensive Income & Other	117.72	0.57	1.68	2.3	2.3	1.76
Shareholders' Equity	169.05	162.45	160.71	159.75	158.26	154.82
Total Liabilities & Equity	334.18	299.44	274.31	280.92	293.44	363.46
Total Debt	15.09	53.94	27.52	11.95	18.76	18.27
Net Cash (Debt)	-14.28	-23.33	53.8	114.6	129.68	160.39
Net Cash Growth	-	-	-53.05%	-11.63%	-19.15%	23.49%
Net Cash Per Share	-	-4.55	10.44	22.29	25.21	31.27
Filing Date Shares Outstanding	-	5.13	5.13	5.13	5.13	5.13
Total Common Shares Outstanding	-	5.13	5.13	5.13	5.13	5.13
Working Capital	63.89	72.27	109.53	107.33	113.24	102.73
Book Value Per Share	-	31.65	31.31	31.12	30.83	30.16
Tangible Book Value	169.05	162.45	160.71	159.75	158.26	154.82
Tangible Book Value Per Share	-	31.65	31.31	31.12	30.83	30.16
Land	-	25.03	1.26	1.26	1.26	3.92
Buildings	-	23.17	23.17	23.17	23.17	23.17
Machinery	-	154.29	135.23	138.55	136.97	136.89

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