Larsen & Toubro 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	-	121,870	119,585	169,267	137,702	133,735
Short-Term Investments	-	484,070	366,738	375,106	322,618	316,277
Cash & Short-Term Investments	631,236	605,940	486,323	544,373	460,320	450,012
Cash Growth	13.86%	24.60%	-10.66%	18.26%	2.29%	73.74%
Accounts Receivable	-	1,172,381	1,108,214	1,019,527	995,465	906,869
Other Receivables	-	15,967	28,023	17,742	8,713	1,022
Receivables	-	1,192,516	1,137,303	1,039,781	1,006,982	910,244
Inventory	-	76,706	66,202	68,288	59,433	58,205
Finance Div. Loans and Leases	-	360,775	348,146	404,606	422,692	413,790
Restricted Cash	-	8,592	6,050	7,901	10,166	11,711
Other Current Assets	-	208,889	141,863	157,096	122,438	105,706
Total Current Assets	-	2,453,417	2,185,886	2,222,043	2,082,031	1,949,668
Property, Plant & Equipment	-	193,884	184,841	164,232	137,378	137,962
Long-Term Investments	-	116,701	111,687	102,742	104,276	88,435
Goodwill	-	83,485	78,009	77,987	76,852	80,670
Other Intangible Assets	-	172,483	175,317	181,241	188,077	193,084
Finance Div. Loans and Leases Long-Term	-	628,474	521,548	409,209	467,368	526,317
Long-Term Deferred Tax Assets	-	37,929	38,637	39,848	28,401	26,970
Long-Term Deferred Charges	-	2.9	7.5	3.7	8.6	13.6
Other Long-Term Assets	-	105,376	100,673	102,657	113,435	107,886
Total Assets	-	3,795,241	3,401,360	3,303,523	3,200,672	3,112,737
Accounts Payable	-	524,593	532,929	497,841	513,656	457,452
Accrued Expenses	-	26,150	21,172	21,247	20,387	18,792
Short-Term Debt	-	358,613	278,343	308,963	304,770	277,658
Current Portion of Long-Term Debt	-	361,947	296,985	263,994	313,730	227,194
Current Portion of Leases	-	5,843	5,477	4,908	4,065	4,061
Current Income Taxes Payable	-	25,792	18,605	13,935	13,098	11,710
Current Unearned Revenue	-	576,134	473,736	387,958	307,816	278,197
Other Current Liabilities	-	140,636	143,849	121,815	116,884	99,015
Total Current Liabilities	-	2,019,709	1,771,095	1,620,660	1,594,406	1,374,080
Long-Term Debt	-	575,033	565,070	612,177	616,183	821,200
Long-Term Leases	-	22,652	17,348	16,463	16,333	16,177
Long-Term Unearned Revenue	-	5,752	5,850	646.4	-	-
Pension & Post-Retirement Benefits	-	8,135	7,417	6,953	6,995	7,054
Long-Term Deferred Tax Liabilities	-	4,100	5,336	6,304	10,393	11,787
Other Long-Term Liabilities	-	5,823	3,748	4,647	2,625	3,238
Total Liabilities	-	2,641,204	2,375,863	2,267,851	2,246,935	2,233,537
Common Stock	-	2,750	2,749	2,811	2,810	2,809
Additional Paid-In Capital	-	1,384	505.6	87,702	87,187	86,677
Retained Earnings	-	947,394	837,213	782,955	708,504	646,392
Comprehensive Income & Other	-	25,028	23,125	19,791	25,575	22,808
Total Common Equity	1,013,836	976,556	863,592	893,260	824,077	758,685
Minority Interest	-	177,481	161,904	142,413	129,661	120,515
Shareholders' Equity	1,198,071	1,154,037	1,025,497	1,035,672	953,737	879,201
Total Liabilities & Equity	-	3,795,241	3,401,360	3,303,523	3,200,672	3,112,737
Total Debt	1,340,011	1,324,089	1,163,222	1,206,504	1,255,081	1,346,291
Net Cash (Debt)	-708,775	-718,149	-676,900	-662,131	-794,761	-896,278
Net Cash Per Share	-515.06	-521.90	-486.61	-470.79	-565.15	-637.66
Filing Date Shares Outstanding	1,376	1,375	1,375	1,405	1,405	1,405
Total Common Shares Outstanding	1,376	1,375	1,375	1,405	1,405	1,405
Working Capital	-	433,708	414,791	601,383	487,625	575,588
Book Value Per Share	736.99	710.12	628.22	635.55	586.52	540.16
Tangible Book Value	756,498	720,588	610,266	634,032	559,148	484,932
Tangible Book Value Per Share	549.92	523.99	443.94	451.11	397.96	345.26
Land	-	10,234	9,999	10,009	9,895	11,683
Buildings	-	64,632	57,190	44,082	42,792	42,051
Machinery	-	194,503	173,327	150,730	130,027	125,823
Construction In Progress	-	23,909	28,970	29,491	11,703	3,884
Leasehold Improvements	-	6,315	5,420	4,695	4,191	4,063
Order Backlog	-	5,791,370	4,758,090	3,970,330	3,575,950	3,273,540

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