Forge Auto International 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	9.04	20.16	5.24	0.35	0.27	0.28
Cash & Short-Term Investments	9.04	20.16	5.24	0.35	0.27	0.28
Cash Growth	72.61%	284.88%	1418.55%	26.37%	-3.87%	-
Accounts Receivable	298.74	213.21	238.06	319.02	208.27	164.96
Other Receivables	-	15.74	0.49	0.25	-	-
Receivables	347.37	310.09	240.05	320.96	209.74	166.44
Inventory	766.49	550.98	355.4	211.93	107.93	136.14
Prepaid Expenses	-	5.11	4.48	3.46	2.45	2.73
Other Current Assets	-	28.78	18.12	23.77	10.13	23.88
Total Current Assets	1,123	915.13	623.29	560.46	330.52	329.47
Property, Plant & Equipment	651.3	311.86	246.32	256.89	229.98	195.22
Long-Term Investments	32.18	26.68	18.35	1.88	0.7	-
Other Intangible Assets	1.35	1.08	1.07	0.66	0.42	0.65
Other Long-Term Assets	30.1	10.17	24.78	7.54	6.17	5.36
Total Assets	1,838	1,350	949.42	827.43	567.79	530.7
Accounts Payable	414.3	292.31	287.86	277.47	123.97	132.68
Accrued Expenses	22.72	23.86	19.27	20.91	18.62	8.78
Short-Term Debt	374.69	246.54	235.57	269.36	216.58	135.31
Current Portion of Leases	-	6.57	5.76	-	-	-
Current Income Taxes Payable	-	30.2	22.95	16.46	6.64	4.96
Other Current Liabilities	37.43	10.72	1.51	4.91	1.27	32.74
Total Current Liabilities	849.13	610.2	572.93	589.12	367.08	314.47
Long-Term Debt	303.3	110.9	124.66	48.91	45.44	93.79
Long-Term Leases	26.17	29.77	36.34	-	-	-
Pension & Post-Retirement Benefits	8.5	8.33	7.69	5.66	4	3.56
Long-Term Deferred Tax Liabilities	17.5	8.49	1.96	17.72	14.51	10.14
Other Long-Term Liabilities	0	-	-0	-	0	0
Total Liabilities	1,205	767.69	743.58	661.4	431.02	421.96
Common Stock	109.2	109.2	80.4	166.03	136.77	108.73
Additional Paid-In Capital	-	343.04	60.8	-	-	-
Retained Earnings	-	130.01	64.64	-	-	-
Shareholders' Equity	633.23	582.25	205.84	166.03	136.77	108.73
Total Liabilities & Equity	1,838	1,350	949.42	827.43	567.79	530.7
Total Debt	704.16	393.78	402.34	318.27	262.02	229.1
Net Cash (Debt)	-695.12	-373.61	-397.1	-317.92	-261.74	-228.81
Net Cash Per Share	-60.64	-39.23	-153.26	-48.54	-39.96	-28.60
Filing Date Shares Outstanding	11.91	10.92	8.04	8.04	6.55	8
Total Common Shares Outstanding	11.91	10.92	8.04	8.04	6.55	8
Working Capital	273.78	304.93	50.36	-28.65	-36.56	15
Book Value Per Share	53.15	53.32	25.60	20.65	20.88	13.59
Tangible Book Value	631.88	581.17	204.78	165.37	136.36	108.08
Tangible Book Value Per Share	53.03	53.22	25.47	20.57	20.82	13.51
Land	-	6.91	6.91	8.83	8.83	8.11
Buildings	-	24.39	24.39	38.45	38.06	32.53
Machinery	-	327.57	230.63	290.92	249.32	161.86
Construction In Progress	-	-	2.75	-	2.2	6.25

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