Max Estates 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
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
Cash & Equivalents	2,143	2,290	2,307	176.27	27.22
Short-Term Investments	12,715	14,527	1,227	1,297	584.07
Cash & Short-Term Investments	14,858	16,817	3,535	1,473	611.29
Cash Growth	-13.06%	375.74%	139.92%	141.02%	-
Accounts Receivable	173.89	173.59	101.59	64.79	19.33
Other Receivables	-	18.88	124.38	68.76	123.56
Receivables	173.89	192.47	225.97	133.54	142.89
Inventory	43,552	22,850	5,329	3,869	137.55
Prepaid Expenses	-	208.17	97.38	10.85	15.92
Other Current Assets	5,291	2,114	752.06	202.7	72.24
Total Current Assets	63,875	42,181	9,939	5,690	979.89
Property, Plant & Equipment	102.6	155.53	190.04	190.02	11.65
Long-Term Investments	56.1	1,031	272.04	636.45	1.03
Other Intangible Assets	27.38	28.31	33.04	33.31	0.35
Long-Term Accounts Receivable	44.92	346.84	404.13	335.34	6.38
Long-Term Deferred Tax Assets	1,565	881.86	648.75	199.85	4.38
Long-Term Deferred Charges	-	-	-	-	8.11
Other Long-Term Assets	35,959	27,835	19,527	15,187	9,242
Total Assets	101,630	72,461	31,014	22,272	10,254
Accounts Payable	9,025	4,531	333.91	270.35	99.75
Accrued Expenses	-	474.7	211.81	157.27	50.6
Short-Term Debt	721.28	-	-	625.94	266.7
Current Portion of Long-Term Debt	-	1,442	883.21	109.87	50.97
Current Portion of Leases	49.17	71.31	61.38	23.67	-
Current Income Taxes Payable	73.96	1.24	2.6	-	-
Current Unearned Revenue	-	45.46	61.63	2.88	14.05
Other Current Liabilities	28,337	14,506	4,871	107.28	86.49
Total Current Liabilities	38,206	21,072	6,425	1,297	568.55
Long-Term Debt	19,926	14,697	8,627	7,508	2,834
Long-Term Leases	288.16	343.09	414.25	348.81	-
Long-Term Unearned Revenue	-	156.19	156.72	2.94	17.21
Pension & Post-Retirement Benefits	-	38.36	28	16.93	7.29
Long-Term Deferred Tax Liabilities	182.27	165.73	74.3	108.34	39.12
Other Long-Term Liabilities	12,849	9,380	783.34	450.75	357.09
Total Liabilities	71,452	45,851	16,509	9,733	3,823
Common Stock	1,610	1,610	1,471	-	779.1
Additional Paid-In Capital	-	12,693	4,997	4,995	-
Retained Earnings	-	6,764	3,897	4,320	-446.95
Comprehensive Income & Other	21,389	1,718	1,343	2,797	5,757
Total Common Equity	23,000	22,785	11,709	12,112	6,089
Minority Interest	7,178	3,825	2,796	426.69	342.33
Shareholders' Equity	30,178	26,609	14,505	12,539	6,431
Total Liabilities & Equity	101,630	72,461	31,014	22,272	10,254
Total Debt	20,985	16,553	9,986	8,616	3,151
Net Cash (Debt)	-6,127	263.47	-6,451	-7,143	-2,540
Net Cash Per Share	-41.32	1.69	-43.86	-48.33	-32.60
Filing Date Shares Outstanding	148.27	161	147.13	77.91	77.91
Total Common Shares Outstanding	148.27	161	147.13	77.91	77.91
Working Capital	25,668	21,110	3,514	4,392	411.34
Book Value Per Share	155.12	141.52	79.58	155.46	78.15
Tangible Book Value	22,972	22,756	11,676	12,079	6,088
Tangible Book Value Per Share	154.94	141.34	79.36	155.03	78.15
Machinery	-	103.28	80.32	66.63	17.87
Leasehold Improvements	-	-	0.91	20.93	-

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