Forcas Studio 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	4.73	84.36	3.35	1.99	4.12	3.03
Cash & Short-Term Investments	4.73	84.36	3.35	1.99	4.12	3.03
Cash Growth	-69.67%	2415.12%	68.29%	-51.66%	35.98%	-
Receivables	299.04	382.6	322.64	116.66	57.33	186.72
Inventory	609.54	334.73	196.36	180.88	293.37	227.22
Prepaid Expenses	-	-	-	0.18	0.18	0.27
Other Current Assets	123.15	53.86	33.21	29.29	31.1	24.52
Total Current Assets	1,036	855.55	555.56	329	386.1	441.76
Property, Plant & Equipment	22.86	16.99	11.09	13.77	10.06	11.6
Long-Term Investments	-	-	-	46.06	33.64	33.35
Long-Term Deferred Tax Assets	1.16	1.29	1.16	0.77	0.51	0.28
Other Long-Term Assets	34.7	36.31	91.53	2.78	3.02	2.09
Total Assets	1,095	910.14	659.34	392.39	433.33	489.07
Accounts Payable	41.79	127.71	100.33	58.29	94.9	171.49
Accrued Expenses	-	9.73	21.5	1.91	1.61	1.39
Short-Term Debt	326.42	119.07	309.06	170.87	151.22	147.47
Current Portion of Long-Term Debt	-	-	-	11.04	21.09	5.78
Current Income Taxes Payable	-	1.98	-	-	0.11	0.02
Other Current Liabilities	17.45	0.11	8.75	13.63	11.63	1.19
Total Current Liabilities	385.67	258.6	439.64	255.74	280.55	327.34
Long-Term Debt	14.8	14.53	19.81	50.62	69.69	90.54
Other Long-Term Liabilities	0.46	0.46	-	0	-	-
Total Liabilities	400.92	273.59	459.44	306.36	350.24	417.88
Common Stock	175.8	175.8	129	86.03	83.08	71.19
Additional Paid-In Capital	-	377.1	49.5	-	-	-
Retained Earnings	-	83.65	21.39	-	-	-
Shareholders' Equity	694.27	636.55	199.89	86.03	83.08	71.19
Total Liabilities & Equity	1,095	910.14	659.34	392.39	433.33	489.07
Total Debt	341.22	133.61	328.86	232.53	242	243.79
Net Cash (Debt)	-336.49	-49.25	-325.51	-230.53	-237.88	-240.76
Net Cash Per Share	-19.15	-3.14	-32.54	-26.80	-28.63	-33.82
Filing Date Shares Outstanding	17.6	17.58	10	12.9	8.31	7.12
Total Common Shares Outstanding	17.6	17.58	10	12.9	8.31	7.12
Working Capital	650.79	596.95	115.93	73.26	105.55	114.43
Book Value Per Share	39.45	36.21	19.98	6.67	10.00	10.00
Tangible Book Value	694.27	636.55	199.89	86.03	83.08	71.19
Tangible Book Value Per Share	39.45	36.21	19.98	6.67	10.00	10.00
Buildings	-	1.15	1.13	1.64	1.64	1.6
Machinery	-	19.8	10.65	14.42	7.53	6.94

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.