Hikal 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	193	130	127	267.3	114.41	76.37
Short-Term Investments	-	-	-	-	-	289.31
Trading Asset Securities	-	-	-	-	102.68	-
Cash & Short-Term Investments	193	130	127	267.3	217.09	365.68
Cash Growth	-47.12%	2.36%	-52.49%	23.13%	-40.63%	-42.28%
Accounts Receivable	2,821	5,234	5,577	4,565	4,474	4,855
Other Receivables	-	645	7	20.38	78.21	6.13
Receivables	2,825	5,884	5,589	4,587	4,555	4,864
Inventory	4,149	3,345	3,037	3,167	3,290	2,667
Prepaid Expenses	-	168	136	158.96	152.45	116.8
Other Current Assets	1,036	427	777	1,209	1,428	772.76
Total Current Assets	8,203	9,954	9,666	9,390	9,643	8,786
Property, Plant & Equipment	14,673	14,779	14,748	13,503	11,640	9,565
Long-Term Investments	95	103	54	91.39	6.38	6.12
Other Intangible Assets	69	78	101	101.95	102.9	102.5
Other Long-Term Assets	449	372	299	765.58	737.72	670.36
Total Assets	23,491	25,289	24,871	23,855	22,131	19,132
Accounts Payable	2,924	3,041	2,788	3,133	2,491	2,296
Accrued Expenses	183	487	362	299.81	309.79	267.25
Short-Term Debt	-	2,633	2,886	1,733	2,726	2,514
Current Portion of Long-Term Debt	3,717	1,316	1,033	847.61	1,152	950.56
Current Portion of Leases	4	2	2	2.3	3.56	3.04
Current Income Taxes Payable	117	127	120	139.74	122.89	226.85
Current Unearned Revenue	-	95	181	182.88	408.24	51.81
Other Current Liabilities	538	194	194	277.39	479.08	257.89
Total Current Liabilities	7,483	7,895	7,566	6,616	7,692	6,568
Long-Term Debt	3,085	3,672	4,229	4,899	2,867	2,629
Long-Term Leases	27	24	26	-	2.23	5.79
Long-Term Unearned Revenue	593	593	593	436.4	290.02	-
Pension & Post-Retirement Benefits	-	157	147	131.53	132.43	122.24
Long-Term Deferred Tax Liabilities	122	325	300	327.15	364.07	375.82
Other Long-Term Liabilities	238	-	133	110.71	103.87	97.62
Total Liabilities	11,548	12,666	12,994	12,520	11,451	9,798
Common Stock	247	247	247	246.6	246.6	246.6
Additional Paid-In Capital	-	381	381	381.23	381.23	381.23
Retained Earnings	-	11,481	10,735	10,193	9,539	8,193
Comprehensive Income & Other	11,696	514	514	513.52	513.2	513
Shareholders' Equity	11,943	12,623	11,877	11,335	10,680	9,334
Total Liabilities & Equity	23,491	25,289	24,871	23,855	22,131	19,132
Total Debt	6,833	7,647	8,176	7,482	6,750	6,103
Net Cash (Debt)	-6,640	-7,517	-8,049	-7,215	-6,533	-5,737
Net Cash Per Share	-53.84	-60.96	-65.28	-58.51	-52.98	-46.53
Filing Date Shares Outstanding	123.32	123.3	123.3	123.3	123.3	123.3
Total Common Shares Outstanding	123.32	123.3	123.3	123.3	123.3	123.3
Working Capital	720	2,059	2,100	2,775	1,951	2,218
Book Value Per Share	96.84	102.38	96.33	91.93	86.62	75.70
Tangible Book Value	11,874	12,545	11,776	11,233	10,577	9,232
Tangible Book Value Per Share	96.28	101.74	95.51	91.10	85.78	74.87
Land	-	582	582	582.1	582.1	582.1
Buildings	-	3,694	2,655	2,086	1,915	1,732
Machinery	-	17,090	13,901	12,216	10,629	8,210
Construction In Progress	-	1,212	4,143	4,021	2,852	2,454
Leasehold Improvements	-	6	6	5.58	5.58	5.58

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