ICRA Limited 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	-	351.21	104.77	121.58	219.2	284.47
Short-Term Investments	-	10,158	5,650	4,911	3,484	3,883
Cash & Short-Term Investments	10,964	10,510	5,755	5,033	3,703	4,167
Cash Growth	65.41%	82.62%	14.35%	35.91%	-11.14%	-31.13%
Accounts Receivable	-	521.8	549.9	405.71	293.95	531.11
Other Receivables	-	12.06	3.79	45.38	162.66	103.84
Receivables	-	533.91	553.77	451.34	456.86	635.89
Prepaid Expenses	-	137.43	144.96	126.63	130.52	86.71
Other Current Assets	-	100.31	111.01	43.7	68.97	59.97
Total Current Assets	-	11,281	6,565	5,654	4,359	4,950
Property, Plant & Equipment	-	404.37	406.07	399.15	393.51	438.98
Long-Term Investments	-	320.33	4,009	4,571	4,668	3,272
Goodwill	-	301.89	301.89	12.25	12.25	12.25
Other Intangible Assets	-	225.18	214.35	73.03	65.75	47.38
Long-Term Accounts Receivable	-	2.94	-	-	-	-
Long-Term Deferred Tax Assets	-	23.68	26.26	22.81	46.27	57.68
Other Long-Term Assets	-	382.07	343.87	274.7	238.49	180.23
Total Assets	-	12,942	11,866	11,008	9,785	8,960
Accounts Payable	-	91.13	74.09	83.84	92.4	78.03
Accrued Expenses	-	596.93	578.5	565.76	465.62	456.38
Short-Term Debt	-	2.62	4.93	-	-	-
Current Portion of Long-Term Debt	-	2.7	2.92	-	-	-
Current Portion of Leases	-	43.65	33.29	30.7	27.98	32.78
Current Income Taxes Payable	-	16.4	1.21	1.6	7.48	8.73
Current Unearned Revenue	-	707.12	597.03	480.63	399.85	407.32
Other Current Liabilities	-	310.49	226.67	154.92	161.59	177.86
Total Current Liabilities	-	1,771	1,519	1,317	1,155	1,161
Long-Term Debt	-	6.26	10.17	-	-	-
Long-Term Leases	-	76.13	75.52	99.58	112.28	136.83
Pension & Post-Retirement Benefits	-	-	-	-	1.16	1.82
Long-Term Deferred Tax Liabilities	-	128.59	46.71	-	-	-
Other Long-Term Liabilities	-	383.21	405.65	41.86	39.15	50.18
Total Liabilities	-	2,365	2,057	1,459	1,308	1,350
Common Stock	-	96.51	96.51	96.51	96.51	96.51
Retained Earnings	-	10,120	9,376	9,117	8,034	7,170
Treasury Stock	-	-10.13	-10.54	-10.54	-10.54	-10.54
Comprehensive Income & Other	-	325.43	302.83	300.15	316.45	320.81
Total Common Equity	10,873	10,532	9,765	9,503	8,436	7,577
Minority Interest	-	44.21	44.91	46.47	41.14	32.94
Shareholders' Equity	10,923	10,577	9,810	9,549	8,477	7,610
Total Liabilities & Equity	-	12,942	11,866	11,008	9,785	8,960
Total Debt	122.46	131.36	126.83	130.29	140.26	169.61
Net Cash (Debt)	10,841	10,378	5,628	4,903	3,563	3,998
Net Cash Growth	67.27%	84.40%	14.80%	37.60%	-10.88%	-31.55%
Net Cash Per Share	1124.80	1077.42	584.76	509.65	370.39	415.60
Filing Date Shares Outstanding	9.62	9.62	9.62	9.62	9.62	9.62
Total Common Shares Outstanding	9.62	9.62	9.62	9.62	9.62	9.62
Working Capital	-	9,510	5,046	4,337	3,205	3,789
Book Value Per Share	1129.90	1094.77	1015.14	987.89	877.00	787.72
Tangible Book Value	10,351	10,005	9,249	9,418	8,358	7,518
Tangible Book Value Per Share	1075.64	1039.98	961.47	979.03	868.89	781.52
Buildings	-	334.25	334.25	284.16	284.16	284.16
Machinery	-	268.25	252.16	225.7	186.63	172.68
Construction In Progress	-	-	1.19	-	-	1.65
Leasehold Improvements	-	27.97	25.79	25.75	27.55	28.78

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