Refractory Shapes 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	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	Mar '21 Mar 31, 2021
Cash & Equivalents	41.11	39.69	32.6	46.02	62.33	77.31
Cash & Short-Term Investments	41.11	39.69	32.6	46.02	62.33	77.31
Cash Growth	20.82%	21.76%	-29.17%	-26.17%	-19.38%	-
Accounts Receivable	195.39	126.89	69.53	78.54	61.66	75.31
Receivables	205.43	132.98	75.67	79.33	62.88	78.89
Inventory	214.11	167.55	138.36	85.59	33.33	23.39
Prepaid Expenses	-	-	-	0.07	-	-
Other Current Assets	6.31	20.35	13.32	33.85	18.03	22.03
Total Current Assets	466.97	360.57	259.95	244.86	176.57	201.61
Property, Plant & Equipment	267.21	267.28	190.5	189.34	129.39	69.71
Long-Term Investments	67.15	65.81	63.74	62.4	61.35	0.14
Long-Term Deferred Tax Assets	0.96	0.96	-	-	0.11	0.05
Other Long-Term Assets	1.01	4.38	3.88	3.79	1.06	0.86
Total Assets	825.09	699	518.08	500.38	368.48	272.37
Accounts Payable	90.6	53.88	56.66	115.16	53.71	15.64
Accrued Expenses	24.47	9.05	4.48	7.5	4.6	10.05
Short-Term Debt	106.53	65.94	120.08	108.5	50.89	35.41
Current Portion of Long-Term Debt	-	-	-	3.44	0.69	-
Current Income Taxes Payable	-	8.26	12.6	1.65	4.76	3.05
Other Current Liabilities	-	0.22	-	2.85	0.71	1.22
Total Current Liabilities	221.6	137.35	193.82	239.09	115.36	65.38
Long-Term Debt	100.11	104.64	115.13	92.92	105.43	88.01
Long-Term Deferred Tax Liabilities	-	-	0.68	1.5	-	-
Other Long-Term Liabilities	0	0	0	-	-	-
Total Liabilities	321.71	241.99	309.63	333.52	220.79	153.39
Common Stock	218	218	158	1	1	1
Additional Paid-In Capital	-	126	-	-	-	-
Retained Earnings	285.37	113.01	50.45	165.86	146.69	117.99
Shareholders' Equity	503.37	457.01	208.45	166.86	147.69	118.99
Total Liabilities & Equity	825.09	699	518.08	500.38	368.48	272.37
Total Debt	206.65	170.57	235.21	204.86	157.01	123.42
Net Cash (Debt)	-165.53	-130.89	-202.62	-158.84	-94.68	-46.11
Net Cash Per Share	-7.56	-6.00	-12.42	-10.05	-5.99	-2.92
Filing Date Shares Outstanding	21.76	21.8	17.85	15.8	15.8	15.8
Total Common Shares Outstanding	21.76	21.8	17.85	15.8	15.8	15.8
Working Capital	245.37	223.22	66.13	5.76	61.2	136.23
Book Value Per Share	23.13	20.96	11.68	10.56	9.35	7.53
Tangible Book Value	503.37	457.01	208.45	166.86	147.69	118.99
Tangible Book Value Per Share	23.13	20.96	11.68	10.56	9.35	7.53
Land	-	58.47	58.47	49.47	49.47	39.69
Buildings	-	133.36	133.16	126.6	50.97	50.97
Machinery	-	130.28	93.65	88.65	41.02	41.02
Construction In Progress	-	63.65	-	-	53.41	-

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