El Forge 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	45.81	39.81	29.46	22.88	13.85	8.3
Cash & Short-Term Investments	45.81	39.81	29.46	22.88	13.85	8.3
Cash Growth	8.89%	35.15%	28.74%	65.23%	66.89%	348.73%
Accounts Receivable	81.79	61.21	54.42	37.83	19.92	13.64
Other Receivables	-	5.49	1.03	5.77	9.15	11.07
Receivables	81.79	66.71	55.45	43.6	29.07	24.71
Inventory	39	34.13	40.18	43.02	45.89	38.07
Prepaid Expenses	-	6.43	6.01	9.58	0.93	0.3
Other Current Assets	22.63	13.79	11.88	8.69	6.85	5.16
Total Current Assets	189.24	160.87	142.98	127.77	96.59	76.53
Property, Plant & Equipment	213.48	211.68	217.96	234.74	265.62	319.89
Long-Term Investments	0	0	0	0	0	0
Other Intangible Assets	2.4	2.64	2.11	-	-	-
Other Long-Term Assets	9.71	17.02	16.49	8.67	6.86	8.28
Total Assets	414.83	392.21	379.55	371.17	369.08	404.71
Accounts Payable	90.38	84.96	84.59	74.92	24.35	31.6
Accrued Expenses	4.55	12.2	22.89	30.32	22.28	29.12
Other Current Liabilities	13.25	0.37	0.37	0.37	33.81	17
Total Current Liabilities	108.17	97.53	107.86	105.61	80.44	77.71
Long-Term Debt	46.9	46.9	46.9	168.01	168.01	168.01
Other Long-Term Liabilities	-	-	-	705.6	705.6	704.28
Total Liabilities	155.07	144.43	154.75	979.22	954.05	950
Common Stock	203.24	203.24	203.24	203.24	203.24	203.24
Additional Paid-In Capital	-	226.4	226.4	226.4	226.4	226.4
Retained Earnings	-	-324.56	-347.54	-1,059	-1,036	-996.52
Comprehensive Income & Other	56.52	142.7	142.7	21.59	21.59	21.59
Total Common Equity	259.76	247.78	224.8	-608.04	-584.98	-545.29
Shareholders' Equity	259.76	247.78	224.8	-608.04	-584.98	-545.29
Total Liabilities & Equity	414.83	392.21	379.55	371.17	369.08	404.71
Total Debt	46.9	46.9	46.9	168.01	168.01	168.01
Net Cash (Debt)	-1.09	-7.09	-17.44	-145.13	-154.16	-159.71
Net Cash Per Share	-0.05	-0.35	-0.86	-7.14	-7.59	-7.86
Filing Date Shares Outstanding	20.31	20.32	20.32	20.32	20.32	20.32
Total Common Shares Outstanding	20.31	20.32	20.32	20.32	20.32	20.32
Working Capital	81.06	63.34	35.12	22.16	16.15	-1.18
Book Value Per Share	12.79	12.19	11.06	-29.92	-28.78	-26.83
Tangible Book Value	257.36	245.13	222.68	-608.04	-584.98	-545.29
Tangible Book Value Per Share	12.67	12.06	10.96	-29.92	-28.78	-26.83
Land	-	10.65	10.65	10.7	7.33	8.02
Buildings	-	208.77	207	207	207	212.12
Machinery	-	1,015	1,008	1,012	1,005	1,000

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