Race Eco Chain 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	-	52.67	4.35	30.97	10.96	41.3
Cash & Short-Term Investments	104.6	52.67	4.35	30.97	10.96	41.3
Cash Growth	-59.55%	1110.74%	-85.96%	182.56%	-73.46%	-26.08%
Accounts Receivable	-	1,194	551.05	366.48	172.14	145.7
Other Receivables	-	-	-	-	0.27	-
Receivables	-	1,207	663.09	400.76	276.16	204.61
Inventory	-	12.41	9.64	6.15	2.94	44.37
Other Current Assets	-	138.54	26.37	21.16	11.62	18.41
Total Current Assets	-	1,410	703.45	459.05	301.68	308.69
Property, Plant & Equipment	-	108.98	108.11	28.1	25.71	11.33
Long-Term Investments	-	143.46	14.15	0.01	0.01	-
Goodwill	-	0.13	-	-	-	-
Other Intangible Assets	-	0.3	0.33	0.95	0.7	0.33
Long-Term Deferred Tax Assets	-	5.34	-	2.5	1.98	1.25
Other Long-Term Assets	-	155	3.57	1.19	6.57	0.2
Total Assets	-	1,823	829.61	491.8	336.65	321.8
Accounts Payable	-	359.82	167.64	117.18	75.08	52.7
Accrued Expenses	-	49.9	2.32	3.89	2.93	12.52
Short-Term Debt	-	615.04	370.82	152.36	48.66	66.18
Current Portion of Long-Term Debt	-	-	-	0.77	-	-
Current Portion of Leases	-	0.21	1.91	-	0.38	-
Current Income Taxes Payable	-	16.56	9.43	7.09	1.86	5.95
Other Current Liabilities	-	0.17	1.5	1.31	12.19	0
Total Current Liabilities	-	1,042	553.61	282.59	141.09	137.35
Long-Term Debt	-	-	-	1.97	-	0.48
Long-Term Leases	-	0.88	52.44	-	1.89	-
Pension & Post-Retirement Benefits	-	1.48	0.98	1.54	1	2.82
Long-Term Deferred Tax Liabilities	-	-	0.2	-	-	-
Other Long-Term Liabilities	-	-	0	-	-	-
Total Liabilities	-	1,044	607.24	286.1	143.98	140.65
Common Stock	-	172.57	164.32	164.32	164.32	164.32
Additional Paid-In Capital	-	282.15	-	-	-	-
Retained Earnings	-	96.08	54.54	41.38	28.34	16.83
Comprehensive Income & Other	-	164.95	3.25	-	-	-
Total Common Equity	728.64	715.74	222.11	205.7	192.67	181.15
Minority Interest	-	63.57	0.27	-	-	-
Shareholders' Equity	844.15	779.31	222.37	205.7	192.67	181.15
Total Liabilities & Equity	-	1,823	829.61	491.8	336.65	321.8
Total Debt	713	616.13	425.17	155.1	50.92	66.66
Net Cash (Debt)	-608.4	-563.46	-420.82	-124.12	-39.96	-25.36
Net Cash Per Share	-35.81	-32.94	-24.97	-7.55	-2.43	-1.54
Filing Date Shares Outstanding	15.59	17.26	16.43	16.43	16.43	16.43
Total Common Shares Outstanding	15.59	17.26	16.43	16.43	16.43	16.43
Working Capital	-	368.46	149.83	176.45	160.59	171.34
Book Value Per Share	44.81	41.48	13.52	12.52	11.72	11.02
Tangible Book Value	727.82	715.32	221.78	204.75	191.97	180.82
Tangible Book Value Per Share	44.76	41.45	13.50	12.46	11.68	11.00
Land	-	65.86	0.46	0.46	0.46	2.49
Buildings	-	23.17	23.17	23.17	23.17	10.06
Machinery	-	49.46	32.66	24.5	17.43	13.01
Construction In Progress	-	5.19	26.25	-	-	0.99

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.