Varun Beverages Limited (BOM: 540180)

Varun Beverages Balance Sheet

Financials in millions INR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	-	2,422	1,543	1,508	1,046	1,380
Short-Term Investments	-	2,150	1,309	-	-	-
Cash & Short-Term Investments	4,077	4,572	2,852	1,508	1,046	1,380
Cash Growth	30.59%	60.33%	89.18%	44.18%	-24.22%	221.33%
Accounts Receivable	-	3,594	2,993	2,212	2,418	1,726
Other Receivables	-	7,109	3,776	2,277	1,670	2,190
Receivables	-	10,703	6,770	4,489	4,188	3,985
Inventory	-	21,505	19,939	14,481	9,288	8,815
Prepaid Expenses	-	-	-	235.82	-	-
Other Current Assets	-	5,576	4,480	4,748	3,475	2,539
Total Current Assets	-	42,356	34,040	25,461	17,997	16,719
Property, Plant & Equipment	-	97,601	69,637	62,246	58,940	59,563
Long-Term Investments	-	221.32	9.32	0.01	0.01	0.01
Goodwill	-	242.3	242.3	242.3	242.3	242.3
Other Intangible Assets	-	5,471	5,509	5,586	5,572	5,623
Long-Term Deferred Tax Assets	-	-	-	24.07	110.18	128.48
Other Long-Term Assets	-	5,980	6,744	2,260	1,305	1,163
Total Assets	-	151,872	116,182	95,819	84,584	83,884
Accounts Payable	-	7,582	8,243	7,118	5,114	4,777
Accrued Expenses	-	4,082	4,004	3,401	2,341	1,810
Short-Term Debt	-	10,032	6,277	6,285	7,139	4,672
Current Portion of Long-Term Debt	-	10,022	13,401	9,001	5,124	5,941
Current Portion of Leases	-	390.38	235.77	136.02	102.26	4.95
Current Income Taxes Payable	-	390.02	755.68	139.41	38.92	152
Current Unearned Revenue	-	39.91	2.27	14.06	23.61	3.73
Other Current Liabilities	-	8,993	6,770	4,109	4,467	4,843
Total Current Liabilities	-	41,532	39,688	30,202	24,350	22,203
Long-Term Debt	-	31,889	17,270	18,133	19,796	23,554
Long-Term Leases	-	1,979	1,654	312.63	244.39	-
Long-Term Unearned Revenue	-	68.4	5.94	6.73	7.34	8.23
Long-Term Deferred Tax Liabilities	-	3,430	3,368	3,111	2,259	2,825
Other Long-Term Liabilities	-	655.61	609.2	559.92	527.36	427.26
Total Liabilities	-	81,025	64,028	53,852	48,696	50,293
Common Stock	-	6,496	6,496	4,330	2,887	2,887
Additional Paid-In Capital	-	22,637	22,570	24,735	26,178	26,178
Retained Earnings	-	46,108	27,843	14,412	8,487	6,004
Comprehensive Income & Other	-	-5,875	-5,884	-2,678	-2,312	-1,785
Total Common Equity	85,778	69,365	51,024	40,799	35,240	33,284
Minority Interest	-	1,482	1,131	1,168	647.88	306.79
Shareholders' Equity	87,459	70,847	52,155	41,967	35,888	33,591
Total Liabilities & Equity	-	151,872	116,182	95,819	84,584	83,884
Total Debt	67,609	54,313	38,838	33,868	32,406	34,172
Net Cash (Debt)	-63,532	-49,741	-35,986	-32,360	-31,360	-32,792
Net Cash Per Share	-19.54	-15.31	-11.08	-9.96	-9.66	-10.46
Filing Date Shares Outstanding	3,244	3,248	3,248	3,248	3,248	3,248
Total Common Shares Outstanding	3,244	3,248	3,248	3,248	3,248	3,248
Working Capital	-	824.18	-5,647	-4,741	-6,353	-5,484
Book Value Per Share	26.40	21.36	15.71	12.56	10.85	10.25
Tangible Book Value	72,207	63,652	45,272	34,971	29,426	27,419
Tangible Book Value Per Share	22.23	19.60	13.94	10.77	9.06	8.44
Land	-	8,432	7,798	7,203	6,912	12,092
Buildings	-	19,210	15,541	14,415	13,697	13,084
Machinery	-	72,459	58,759	54,762	52,943	49,520
Construction In Progress	-	19,222	6,066	4,966	668.15	638.24

Source: S&P Capital IQ. Standard template. Financial Sources.