Max India 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	-	226.95	1,160	887.27	137.82	241.13
Short-Term Investments	-	868.25	1,284	2,313	2,270	1,100
Trading Asset Securities	-	337.16	517.34	647.96	1,576	3,120
Cash & Short-Term Investments	3,568	1,432	2,961	3,848	3,984	4,461
Cash Growth	43.57%	-51.63%	-23.04%	-3.42%	-10.69%	2.71%
Accounts Receivable	-	225.3	53.15	36.39	64.93	128.06
Other Receivables	-	18.92	22.43	31.79	18.87	35.21
Receivables	-	244.22	75.86	68.19	83.8	169.25
Inventory	-	166.41	61.26	510.11	1,304	2,494
Prepaid Expenses	-	16.74	10.57	11.82	6.8	7.86
Other Current Assets	-	745.51	323.32	153.17	113.25	144.14
Total Current Assets	-	2,605	3,432	4,591	5,492	7,276
Property, Plant & Equipment	-	1,738	1,218	906.63	895.4	893.13
Long-Term Investments	-	196.13	117.25	259.19	199.33	214.91
Goodwill	-	1.21	1.21	1.21	1.21	1.21
Other Intangible Assets	-	165.59	131.54	2.48	2.53	2.15
Long-Term Deferred Tax Assets	-	-	-	-	12.77	13.8
Other Long-Term Assets	-	1,365	1,713	1,340	1,403	1,400
Total Assets	-	6,329	6,843	7,534	8,583	9,976
Accounts Payable	-	309.88	235.42	109.02	95.12	241.39
Accrued Expenses	-	243.85	160.28	72.23	37.77	71.31
Short-Term Debt	-	4.89	3.66	0.76	13.82	34.2
Current Portion of Long-Term Debt	-	-	-	-	-	324.93
Current Portion of Leases	-	59.21	40.9	43.52	24.46	21.32
Current Income Taxes Payable	-	1.04	1.55	22.05	0.21	0.14
Current Unearned Revenue	-	52.54	-	-	-	33.34
Other Current Liabilities	-	981.11	946.58	1,367	1,360	1,532
Total Current Liabilities	-	1,653	1,388	1,614	1,532	2,259
Long-Term Debt	-	9.38	8.19	223.37	389.81	865.48
Long-Term Leases	-	949.52	382.9	185.3	179.53	202.47
Pension & Post-Retirement Benefits	-	59.25	66.95	51.05	43.07	49.4
Long-Term Deferred Tax Liabilities	-	10.31	11.42	10.03	-	38.4
Other Long-Term Liabilities	-	60.63	62.14	28.79	25.2	29.49
Total Liabilities	-	2,742	1,920	2,113	2,169	3,444
Common Stock	-	435.89	431.71	430.29	537.86	537.86
Additional Paid-In Capital	-	102.61	63.9	51.14	51.14	51.14
Retained Earnings	-	-2,243	-839.01	-270.25	-166.45	-28.89
Comprehensive Income & Other	-	5,291	5,267	5,210	5,991	5,972
Total Common Equity	4,672	3,587	4,923	5,421	6,414	6,532
Shareholders' Equity	4,672	3,587	4,923	5,421	6,414	6,532
Total Liabilities & Equity	-	6,329	6,843	7,534	8,583	9,976
Total Debt	2,038	1,023	435.65	452.95	607.63	1,448
Net Cash (Debt)	1,531	409.37	2,526	3,395	3,377	3,013
Net Cash Growth	-19.03%	-83.79%	-25.60%	0.55%	12.08%	19.54%
Net Cash Per Share	32.02	9.48	58.59	71.37	62.78	56.01
Filing Date Shares Outstanding	52.45	52.2	43.17	43.03	53.79	53.79
Total Common Shares Outstanding	52.45	43.59	43.17	43.03	53.79	53.79
Working Capital	-	952.73	2,044	2,977	3,960	5,017
Book Value Per Share	89.40	82.29	114.05	125.99	119.24	121.44
Tangible Book Value	4,515	3,420	4,791	5,417	6,410	6,529
Tangible Book Value Per Share	86.41	78.46	110.97	125.90	119.17	121.38
Land	-	192.38	192.38	192.38	192.38	192.38
Buildings	-	515.28	821.17	821.17	821.17	821.77
Machinery	-	387.58	357.72	316.82	293.34	279.28
Construction In Progress	-	206.9	96.82	-	-	-
Leasehold Improvements	-	151.11	33.19	40.16	39.25	33.21

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