Thermax Limited (NSE: THERMAX)

Thermax Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	7,668	4,866	4,528	3,108	4,613	2,540
Short-Term Investments	21,766	8,040	13,074	8,063	14,749	2,156
Trading Asset Securities	-	10,476	7,635	6,022	1,153	8,161
Cash & Short-Term Investments	29,433	23,382	25,238	17,193	20,515	12,857
Cash Growth	24.88%	-7.35%	46.79%	-16.19%	59.56%	12.47%
Accounts Receivable	21,480	26,280	22,693	18,343	15,500	17,429
Other Receivables	32.2	76.5	93.5	348.8	392.2	723.8
Receivables	21,524	26,367	22,811	18,712	15,909	18,212
Inventory	8,181	7,649	7,556	7,270	4,047	4,546
Prepaid Expenses	-	301.4	242.3	246.9	190.4	176.3
Other Current Assets	7,021	6,781	4,954	3,957	4,003	3,981
Total Current Assets	66,158	64,481	60,802	47,378	44,665	39,773
Property, Plant & Equipment	27,157	23,938	16,497	11,985	12,312	12,800
Long-Term Investments	4,850	4,520	2,731	7,924	1,781	969.2
Goodwill	473.8	30.3	30.3	30.3	30.3	353.1
Other Intangible Assets	940	340.4	291.9	375.2	320.2	236.5
Long-Term Accounts Receivable	3,520	3,212	2,429	2,594	1,619	1,510
Long-Term Deferred Tax Assets	1,334	1,086	1,086	1,302	1,610	1,554
Other Long-Term Assets	5,207	3,880	4,472	2,971	2,667	2,181
Total Assets	109,686	101,530	88,386	74,611	65,069	59,559
Accounts Payable	15,585	15,329	14,979	14,598	11,380	9,602
Accrued Expenses	-	3,039	2,552	1,995	1,875	1,820
Short-Term Debt	-	4,132	3,633	2,836	2,846	1,858
Current Portion of Long-Term Debt	3,041	532.8	247.1	177.5	123.6	187.5
Current Portion of Leases	50.6	50.7	52.5	41.6	38.6	45.3
Current Income Taxes Payable	484.8	410.5	244.4	233.9	251.1	113.4
Current Unearned Revenue	-	21,067	20,509	16,135	12,687	12,778
Other Current Liabilities	29,578	2,692	1,875	1,565	1,505	1,464
Total Current Liabilities	48,739	47,254	44,092	37,581	30,707	27,868
Long-Term Debt	11,479	7,895	4,225	614.2	221.6	333.9
Long-Term Leases	183.5	164.1	147.4	81.3	66.1	96.8
Long-Term Unearned Revenue	345.4	486.5	371.5	559.1	838.1	329.7
Long-Term Deferred Tax Liabilities	347.3	122.8	29.1	30.9	70.1	44.1
Other Long-Term Liabilities	2,315	1,127	771.9	820	652.4	579.1
Total Liabilities	63,409	57,132	49,684	39,686	32,555	29,280
Common Stock	225.3	238.3	238.3	238.3	238.3	238.3
Additional Paid-In Capital	-	587.1	572.8	572.8	572.8	572.8
Retained Earnings	-	41,460	35,769	32,146	29,775	27,667
Treasury Stock	-	-13.1	-13.1	-13.1	-13.1	-13.1
Comprehensive Income & Other	45,974	2,126	2,114	1,981	1,941	1,814
Total Common Equity	46,200	44,398	38,681	34,925	32,514	30,279
Minority Interest	77.2	-	21.5	-	-	-
Shareholders' Equity	46,277	44,398	38,702	34,925	32,514	30,279
Total Liabilities & Equity	109,686	101,530	88,386	74,611	65,069	59,559
Total Debt	14,754	12,774	8,306	3,751	3,296	2,522
Net Cash (Debt)	14,680	10,607	16,932	13,442	17,219	10,336
Net Cash Growth	14.40%	-37.35%	25.96%	-21.93%	66.60%	16.26%
Net Cash Per Share	130.30	94.16	150.32	119.34	152.90	91.78
Filing Date Shares Outstanding	112.65	112.62	112.61	112.61	112.61	112.61
Total Common Shares Outstanding	112.65	112.62	112.61	112.61	112.61	112.61
Working Capital	17,419	17,227	16,710	9,797	13,958	11,904
Book Value Per Share	410.11	394.23	343.48	310.13	288.72	268.87
Tangible Book Value	44,786	44,027	38,359	34,519	32,163	29,689
Tangible Book Value Per Share	397.56	390.93	340.62	306.53	285.61	263.64
Land	-	198.2	189.4	119.7	75.7	73.6
Buildings	-	8,048	7,721	7,852	7,871	7,794
Machinery	-	18,669	11,312	10,273	10,122	9,650
Construction In Progress	-	5,194	4,338	443.2	210.6	552.6
Order Backlog	-	101,110	97,520	88,120	52,270	52,380

Source: S&P Capital IQ. Standard template. Financial Sources.