Max India Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	1,025	265.83	226.95	1,160	887.27	137.82
Short-Term Investments	184.7	626.98	868.25	1,284	2,313	2,270
Trading Asset Securities	-	173.07	337.16	517.34	647.96	1,576
Cash & Short-Term Investments	1,210	1,066	1,432	2,961	3,848	3,984
Cash Growth	-66.09%	-25.59%	-51.63%	-23.04%	-3.42%	-10.69%
Accounts Receivable	506.4	372.24	224.14	53.15	36.39	64.93
Other Receivables	5.4	24.32	19.4	22.43	31.79	18.87
Receivables	2,021	2,161	243.54	75.86	68.19	83.8
Inventory	214.2	155.18	166.41	61.26	510.11	1,304
Prepaid Expenses	-	10.64	16.8	10.57	11.82	6.8
Other Current Assets	554	412.99	1,696	323.32	153.17	113.25
Total Current Assets	3,999	3,806	3,555	3,432	4,591	5,492
Property, Plant & Equipment	1,768	1,828	1,738	1,218	906.63	895.4
Long-Term Investments	186.6	166.67	196.13	117.25	259.19	199.33
Goodwill	1.2	1.21	1.21	1.21	1.21	1.21
Other Intangible Assets	121.8	138.3	165.59	131.54	2.48	2.53
Long-Term Deferred Tax Assets	18.8	15.36	-	-	-	12.77
Other Long-Term Assets	428.3	418.81	413.85	1,713	1,340	1,403
Total Assets	6,860	6,693	6,327	6,843	7,534	8,583

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Accounts Payable	298.3	342.37	309.79	235.42	109.02	95.12
Accrued Expenses	35.8	176.68	243.47	160.28	72.23	37.77
Short-Term Debt	240.9	-	-	3.66	0.76	13.82
Current Portion of Long-Term Debt	-	6.56	4.89	-	-	-
Current Portion of Leases	94.2	84.51	59.21	40.9	43.52	24.46
Current Income Taxes Payable	2.5	4.38	1.04	1.55	22.05	0.21
Current Unearned Revenue	-	-	52.54	-	-	-
Other Current Liabilities	1,261	1,003	980.14	946.58	1,367	1,360
Total Current Liabilities	1,933	1,617	1,651	1,388	1,614	1,532
Long-Term Debt	11.3	10.91	9.38	8.19	223.37	389.81
Long-Term Leases	826.8	860.11	949.52	382.9	185.3	179.53
Pension & Post-Retirement Benefits	-	74.04	59.25	66.95	51.05	43.07
Long-Term Deferred Tax Liabilities	-	-	10.31	11.42	10.03	-
Other Long-Term Liabilities	142.6	47.39	60.63	62.14	28.79	25.2
Total Liabilities	2,913	2,610	2,740	1,920	2,113	2,169

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Common Stock	563.2	525.23	435.89	431.71	430.29	537.86
Additional Paid-In Capital	-	1,324	102.61	63.9	51.14	51.14
Retained Earnings	-	-3,461	-2,243	-839.01	-270.25	-166.45
Comprehensive Income & Other	3,383	5,695	5,291	5,267	5,210	5,991
Total Common Equity	3,947	4,083	3,587	4,923	5,421	6,414
Shareholders' Equity	3,947	4,083	3,587	4,923	5,421	6,414
Total Liabilities & Equity	6,860	6,693	6,327	6,843	7,534	8,583

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Total Debt	1,173	962.08	1,023	435.65	452.95	607.63
Net Cash (Debt)	36.8	103.79	409.37	2,526	3,395	3,377
Net Cash Growth	-97.60%	-74.64%	-83.79%	-25.60%	0.55%	12.08%
Net Cash Per Share	0.69	2.01	9.05	58.59	71.37	62.78
Filing Date Shares Outstanding	55.35	52.52	52.2	43.17	43.03	53.79
Total Common Shares Outstanding	55.35	52.52	43.59	43.17	43.03	53.79
Working Capital	2,067	2,188	1,904	2,044	2,977	3,960
Book Value Per Share	71.30	77.74	82.29	114.05	125.99	119.24
Tangible Book Value	3,824	3,944	3,420	4,791	5,417	6,410
Tangible Book Value Per Share	69.08	75.08	78.46	110.97	125.90	119.17
Land	-	192.38	192.38	192.38	192.38	192.38
Buildings	-	515.28	515.28	821.17	821.17	821.17
Machinery	-	518.04	387.58	357.72	316.82	293.34
Construction In Progress	-	22.76	206.9	96.82	-	-
Leasehold Improvements	-	483.75	151.11	33.19	40.16	39.25