Madhusudan Masala 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	4.52	3.21	4.04	4.06	2.42	2.79
Cash & Short-Term Investments	4.52	3.21	4.04	4.06	2.42	2.79
Cash Growth	37.52%	-20.62%	-0.49%	67.73%	-13.28%	-
Accounts Receivable	514.16	471.61	357.92	164.83	126.3	125.56
Receivables	514.16	471.61	357.92	164.85	139.05	128.27
Inventory	985.21	982.55	424.75	229.27	158.5	74.58
Other Current Assets	119.57	119.97	116.54	75.44	8.09	6.67
Total Current Assets	1,623	1,577	903.25	473.63	308.06	212.31
Property, Plant & Equipment	152.34	145.62	122.01	96.96	41.97	46.34
Long-Term Investments	72.79	57.36	17.26	-	0.04	0.04
Other Intangible Assets	-	0.02	-	-	-	-
Long-Term Deferred Tax Assets	1.93	1.98	-	-	-	-
Other Long-Term Assets	-	10.3	9.99	3.15	1.37	1.3
Total Assets	1,881	1,793	1,053	573.74	351.43	259.99
Accounts Payable	32.18	50.92	-	-	58.98	46.39
Accrued Expenses	72.07	45.44	-	-	1.34	1.2
Short-Term Debt	671.14	562.67	423.76	344.39	115.97	38.69
Current Portion of Long-Term Debt	-	97.92	16.07	10.05	8.5	2.74
Current Income Taxes Payable	-	-	30.99	19.65	1.97	1.92
Current Unearned Revenue	-	-	0.1	0.1	-	-
Other Current Liabilities	9.83	8.58	3.3	4.8	0.87	1.11
Total Current Liabilities	785.22	765.53	474.22	378.98	187.62	92.04
Long-Term Debt	82.39	90.51	115.43	85.92	157.49	55.21
Pension & Post-Retirement Benefits	-	-	-	-	1.82	1.54
Long-Term Deferred Tax Liabilities	-	-	2.33	1.44	1.3	1.69
Other Long-Term Liabilities	-0	-0	-	-0	0.1	0.1
Total Liabilities	867.61	856.03	591.98	466.34	348.32	150.58
Common Stock	144.7	144.7	129	50	0.1	109.41
Retained Earnings	864.29	787.72	331.53	57.41	3.01	-
Comprehensive Income & Other	4.16	4.16	-	-	-	-
Shareholders' Equity	1,013	936.58	460.53	107.41	3.11	109.41
Total Liabilities & Equity	1,881	1,793	1,053	573.74	351.43	259.99
Total Debt	753.53	751.1	555.26	440.36	281.95	96.64
Net Cash (Debt)	-749.01	-747.89	-551.21	-436.29	-279.53	-93.85
Net Cash Per Share	-51.88	-54.41	-49.56	-48.48	-294.42	-98.84
Filing Date Shares Outstanding	14.49	14.47	12.9	9.5	0.95	0.95
Total Common Shares Outstanding	14.49	14.47	12.9	9	0.95	0.95
Working Capital	838.24	811.81	429.03	94.65	120.44	120.27
Book Value Per Share	69.94	64.73	35.70	11.93	3.27	115.24
Tangible Book Value	1,013	936.56	460.53	107.41	3.11	109.41
Tangible Book Value Per Share	69.94	64.72	35.70	11.93	3.27	115.24
Land	-	10.39	7.14	7.14	6.65	8.49
Buildings	-	76.34	87.51	34.74	34.74	34.74
Machinery	-	187.06	73.73	53.85	49.22	46.03
Construction In Progress	-	-	18.05	56.36	-	-

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