Rays of Belief Limited (NSE:MOMSBELIEF)

Rays of Belief Balance Sheet

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

Assets

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Cash & Equivalents	32.55	53.41	42.92	39.04
Short-Term Investments	29.88	4.05	3.05	-
Cash & Short-Term Investments	62.43	57.46	45.97	39.04
Cash Growth	8.65%	25.00%	17.75%	-
Accounts Receivable	180.88	30.79	1.76	0.44
Other Receivables	68.27	41.3	15.64	9.5
Receivables	249.15	72.09	17.4	9.94
Inventory	-	-	-	1.06
Prepaid Expenses	0.92	0.19	0.32	0.3
Other Current Assets	15.15	10.48	7.83	5.09
Total Current Assets	327.65	140.22	71.52	55.43
Property, Plant & Equipment	71.91	44.19	37.91	19.06
Long-Term Investments	1.21	5.47	3.15	-
Goodwill	49.92	-	-	-
Other Intangible Assets	0.51	0.86	1.54	2.8
Long-Term Deferred Tax Assets	56.2	63.08	7.62	-
Other Long-Term Assets	2.6	7.41	7.2	0.5
Total Assets	510	261.23	128.94	77.79

Liabilities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Accounts Payable	37.02	6.58	4.67	3.7
Accrued Expenses	41.37	25.06	20.42	13.14
Current Portion of Long-Term Debt	8.61	7.62	-	-
Current Portion of Leases	30.98	10.41	6.55	10.21
Current Income Taxes Payable	11.74	-	-	-
Other Current Liabilities	6.49	5.86	5.1	0.17
Total Current Liabilities	136.21	55.53	36.74	27.22
Long-Term Debt	27.46	35.95	-	-
Long-Term Leases	26.2	11.8	14.71	3.91
Pension & Post-Retirement Benefits	6.19	3.39	1.95	1.16
Long-Term Deferred Tax Liabilities	0.19	-	-	-
Other Long-Term Liabilities	4.51	4.37	17.76	1.94
Total Liabilities	200.76	111.04	71.16	34.23

Shareholders' Equity

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Common Stock	155.86	3.2	3.12	3.01
Additional Paid-In Capital	313.2	364.21	330.33	318.17
Retained Earnings	-166.06	-217.22	-275.67	-289.89
Comprehensive Income & Other	6.24	-	-	12.27
Shareholders' Equity	309.24	150.19	57.78	43.56
Total Liabilities & Equity	510	261.23	128.94	77.79

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Total Debt	93.25	65.78	21.26	14.12
Net Cash (Debt)	-30.82	-8.32	24.71	24.92
Net Cash Growth	-	-	-0.84%	-
Net Cash Per Share	-2.00	-0.54	1.61	1.63
Filing Date Shares Outstanding	15.59	15.47	15.31	15.25
Total Common Shares Outstanding	15.59	15.47	15.31	15.25
Working Capital	191.44	84.69	34.78	28.21
Book Value Per Share	19.84	9.71	3.78	2.86
Tangible Book Value	258.81	149.33	56.24	40.76
Tangible Book Value Per Share	16.61	9.65	3.67	2.67
Machinery	54.35	27.12	17.69	11.82
Construction In Progress	-	3.14	3.94	0.54

Data Source: S&P Global Market Intelligence Last updated: Aug 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 23, 2026

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