Refex Industries 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	-	3,520	482.29	102.34	9.9	172.46
Short-Term Investments	-	291.96	165.56	243.87	277.47	5.43
Cash & Short-Term Investments	3,713	3,812	647.85	346.21	287.37	177.89
Cash Growth	9990.38%	488.47%	87.13%	20.47%	61.55%	-17.46%
Accounts Receivable	-	8,282	3,451	2,812	1,164	929.58
Other Receivables	-	272.2	90.88	66.73	-	32.71
Receivables	-	8,567	4,011	3,347	1,631	1,428
Inventory	-	74.15	72.31	108.14	74.65	54.86
Prepaid Expenses	-	75.13	17.76	12.14	7.97	2.03
Other Current Assets	-	1,285	271.96	1,449	133.72	45.98
Total Current Assets	-	13,814	5,021	5,263	2,135	1,709
Property, Plant & Equipment	-	3,429	2,109	1,500	853.72	867.83
Long-Term Investments	-	307.45	736.22	737.53	740	740
Goodwill	-	0.05	0.05	-	-	-
Other Intangible Assets	-	197.3	18.31	0.47	0.52	-
Long-Term Deferred Tax Assets	-	133.49	46	19.23	10	26.45
Other Long-Term Assets	-	110.61	49.59	3.58	70.58	70
Total Assets	-	17,992	7,980	7,523	3,809	3,413
Accounts Payable	-	1,717	543.3	1,926	772.54	1,004
Accrued Expenses	-	896.69	311.34	548.15	233.34	33.39
Short-Term Debt	-	250.75	483.21	252.5	117.94	0.2
Current Portion of Long-Term Debt	-	547.61	158.8	161.22	22.56	-
Current Portion of Leases	-	178.28	122.31	26.16	107.18	108.63
Current Income Taxes Payable	-	45.12	179.69	242.5	78.81	118.43
Current Unearned Revenue	-	-	0.02	-	-	-
Other Current Liabilities	-	326.78	140.26	163.63	25.93	26.24
Total Current Liabilities	-	3,962	1,939	3,320	1,358	1,291
Long-Term Debt	-	918.41	529.6	404.58	10.26	0.9
Long-Term Leases	-	965.57	851.7	649.76	593.06	631.81
Pension & Post-Retirement Benefits	-	14.15	6.28	1.22	4.47	3.05
Other Long-Term Liabilities	-	9.56	6.38	3.51	3.63	91.81
Total Liabilities	-	5,870	3,333	4,379	1,970	2,018
Common Stock	-	258.37	231.36	221.07	210.02	210.02
Additional Paid-In Capital	-	5,491	1,177	558.45	425.85	425.85
Retained Earnings	-	4,829	3,248	2,364	1,204	759.77
Comprehensive Income & Other	-	1,549	-0.75	0.04	0.01	-0.52
Total Common Equity	12,610	12,128	4,656	3,144	1,840	1,395
Minority Interest	-	-6.2	-8.86	-	-	-
Shareholders' Equity	12,763	12,122	4,647	3,144	1,840	1,395
Total Liabilities & Equity	-	17,992	7,980	7,523	3,809	3,413
Total Debt	1,742	2,861	2,146	1,494	851.01	741.54
Net Cash (Debt)	1,970	951.8	-1,498	-1,148	-563.63	-563.65
Net Cash Per Share	14.79	7.44	-13.47	-10.65	-5.37	-5.98
Filing Date Shares Outstanding	136.86	129.18	115.68	110.54	105.01	105.01
Total Common Shares Outstanding	136.86	129.18	115.68	110.54	105.01	105.01
Working Capital	-	9,852	3,082	1,943	776.22	418.41
Book Value Per Share	94.84	93.88	40.25	28.44	17.52	13.29
Tangible Book Value	12,455	11,931	4,637	3,143	1,839	1,395
Tangible Book Value Per Share	93.67	92.35	40.09	28.44	17.51	13.29
Land	-	340.33	340.33	340.33	90.05	90.05
Buildings	-	476.68	358.85	358.85	26	26
Machinery	-	1,731	521.45	222.36	124.08	70.05
Construction In Progress	-	96.77	86.11	32.48	3.95	-

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