VSF Projects Balance Sheet

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	10	5.51	30.48	0.06	0.03
Short-Term Investments	-	-	-	6.85	6.85
Cash & Short-Term Investments	10	5.51	30.48	6.91	6.87
Cash Growth	81.53%	-81.92%	341.16%	0.50%	-3.21%
Accounts Receivable	-	-	-	-	0.06
Receivables	-	-	-	-	0.06
Prepaid Expenses	-	-	-	4.22	0.07
Other Current Assets	84.41	173.84	38.65	9.66	12.51
Total Current Assets	94.42	179.35	69.13	20.78	19.5
Property, Plant & Equipment	1,819	1,538	842.44	650.57	635.31
Other Intangible Assets	0.03	0.04	0.02	0.02	-
Long-Term Deferred Tax Assets	0.28	0.59	0.84	0.85	0.89
Other Long-Term Assets	0	-	-	0	-
Total Assets	1,914	1,718	912.42	672.22	655.7
Accounts Payable	77.13	105.37	81.9	20.04	19.61
Accrued Expenses	-	-	-	207.34	211.38
Short-Term Debt	-	-	-	-	0.01
Current Income Taxes Payable	-	-	0.45	0.9	0.58
Current Unearned Revenue	-	-	-	4.32	9.94
Other Current Liabilities	6.52	20.59	12.72	0.56	-
Total Current Liabilities	83.65	125.96	95.07	233.16	241.53
Long-Term Debt	846.83	604.37	315.36	149.34	156.45
Other Long-Term Liabilities	-	0	-	255	255
Total Liabilities	930.48	730.33	410.43	637.5	652.98
Common Stock	163.96	163.96	65.77	65.77	58.69
Additional Paid-In Capital	-	424.44	34.06	34.06	9.29
Retained Earnings	-	247.73	250.67	-102.79	-102.93
Comprehensive Income & Other	819.34	151.49	151.49	37.67	37.67
Total Common Equity	983.3	987.62	501.99	34.72	2.72
Shareholders' Equity	983.3	987.62	501.99	34.72	2.72
Total Liabilities & Equity	1,914	1,718	912.42	672.22	655.7
Total Debt	846.83	604.37	315.36	149.34	156.46
Net Cash (Debt)	-836.82	-598.86	-284.88	-142.43	-149.59
Net Cash Per Share	-50.34	-47.76	-43.31	-21.66	-25.49
Filing Date Shares Outstanding	16.55	16.44	6.58	5.87	5.87
Total Common Shares Outstanding	16.55	16.44	6.58	5.87	5.87
Working Capital	10.77	53.4	-25.95	-212.38	-222.03
Book Value Per Share	59.43	60.07	76.33	5.92	0.46
Tangible Book Value	983.27	987.59	501.97	34.7	2.72
Tangible Book Value Per Share	59.43	60.07	76.32	5.91	0.46
Land	-	633.54	633.05	-	633.5
Buildings	-	2.25	2.25	-	2.25
Machinery	-	22.36	2.68	-	10.06
Construction In Progress	-	885.37	208.7	15.81	-

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