Modern Dairies 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	-	85.79	15.49	2.36	69.62	10.85
Short-Term Investments	-	-	-	-	-	5.71
Cash & Short-Term Investments	73.81	85.79	15.49	2.36	69.62	16.55
Cash Growth	248.25%	453.98%	557.02%	-96.61%	320.59%	15.49%
Accounts Receivable	-	205.18	187.52	189.28	32.15	91.88
Receivables	-	205.18	187.52	189.28	32.15	91.92
Inventory	-	273.32	285.95	271.58	141.37	237.65
Prepaid Expenses	-	5.99	5.81	4.4	3.51	3.23
Other Current Assets	-	56.67	41.87	41.74	38.29	39.18
Total Current Assets	-	626.94	536.63	509.36	284.94	388.53
Property, Plant & Equipment	-	314.51	309.68	294.37	297.23	341.88
Long-Term Investments	-	0.1	0.1	0.1	0.1	0.1
Other Intangible Assets	-	-	0.13	0.22	0.31	0.49
Long-Term Deferred Tax Assets	-	172.33	-	-	-	-
Other Long-Term Assets	-	55.25	52.26	47.08	34.8	13.52
Total Assets	-	1,169	898.81	851.14	617.37	744.52
Accounts Payable	-	437.99	423.12	329.11	49.04	155.51
Accrued Expenses	-	148.07	191.99	192.69	168.09	159.89
Short-Term Debt	-	-	633.23	1,255	1,437	1,029
Current Portion of Long-Term Debt	-	-	-	-	-	496.53
Other Current Liabilities	-	91.95	176.09	20.81	32.32	23.39
Total Current Liabilities	-	678	1,424	1,798	1,686	1,865
Long-Term Debt	-	72.55	78.63	-	-	-
Pension & Post-Retirement Benefits	-	15.03	12.94	12.67	11.75	10.91
Other Long-Term Liabilities	-	-	-	-	-	0
Total Liabilities	-	765.58	1,516	1,810	1,698	1,876
Common Stock	-	256.2	233.2	233.2	233.2	233.2
Additional Paid-In Capital	-	399.34	307.34	307.34	307.34	307.34
Retained Earnings	-	-353.49	-1,180	-1,522	-1,644	-1,694
Comprehensive Income & Other	-	101.51	22.76	22.76	22.76	22.76
Shareholders' Equity	436.5	403.56	-617.18	-959.17	-1,080	-1,131
Total Liabilities & Equity	-	1,169	898.81	851.14	617.37	744.52
Total Debt	128.16	72.55	711.85	1,255	1,437	1,526
Net Cash (Debt)	-54.35	13.24	-696.37	-1,253	-1,367	-1,509
Net Cash Per Share	-2.04	0.56	-29.86	-53.69	-58.52	-64.72
Filing Date Shares Outstanding	25.88	25.62	23.32	23.32	23.32	23.32
Total Common Shares Outstanding	25.88	25.62	23.32	23.32	23.32	23.32
Working Capital	-	-51.06	-887.79	-1,288	-1,401	-1,476
Book Value Per Share	16.51	15.75	-26.47	-41.13	-46.33	-48.50
Tangible Book Value	436.5	403.56	-617.31	-959.39	-1,081	-1,132
Tangible Book Value Per Share	16.51	15.75	-26.47	-41.14	-46.34	-48.52
Land	-	18.99	18.99	18.99	18.99	18.99
Buildings	-	134.82	134.82	134.21	131.98	131.36
Machinery	-	849.76	805.18	889.28	867.29	845.97
Construction In Progress	-	4.27	12.69	8.74	-	2.39

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