Thermax Balance Sheet

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	11,907	4,177	4,866	4,528	3,108
Short-Term Investments	12,767	9,114	8,040	13,074	8,063
Trading Asset Securities	-	13,909	10,476	7,635	6,022
Cash & Short-Term Investments	24,674	27,200	23,382	25,238	17,193
Cash Growth	-9.29%	16.33%	-7.35%	46.79%	-16.20%
Accounts Receivable	30,173	31,446	26,280	22,693	18,343
Other Receivables	91.4	571.2	352.3	93.5	348.8
Receivables	30,277	32,029	26,643	22,811	18,712
Inventory	9,095	7,203	7,649	7,556	7,270
Prepaid Expenses	-	319.2	301.4	242.3	246.9
Other Current Assets	7,042	6,468	6,506	4,954	3,957
Total Current Assets	71,088	73,220	64,481	60,802	47,378
Property, Plant & Equipment	42,597	31,760	23,938	16,497	11,985
Long-Term Investments	5,068	3,728	4,520	2,731	7,924
Goodwill	801.9	801.9	30.3	30.3	30.3
Other Intangible Assets	1,495	1,123	340.4	291.9	375.2
Long-Term Accounts Receivable	2,491	3,876	3,212	2,429	2,594
Long-Term Deferred Tax Assets	1,747	1,544	1,086	1,086	1,302
Other Long-Term Assets	7,496	4,283	3,880	4,472	2,971
Total Assets	132,821	120,380	101,530	88,386	74,611
Accounts Payable	20,574	16,966	15,329	14,979	14,598
Accrued Expenses	-	3,387	3,039	2,552	1,995
Short-Term Debt	-	4,837	4,132	3,633	2,836
Current Portion of Long-Term Debt	6,722	480.8	532.8	247.1	177.5
Current Portion of Leases	69.8	54.9	50.7	52.5	41.6
Current Income Taxes Payable	323.8	912.1	410.5	244.4	233.9
Current Unearned Revenue	-	26,165	21,067	20,509	16,135
Other Current Liabilities	30,514	3,548	2,692	1,875	1,565
Total Current Liabilities	58,204	56,351	47,254	44,092	37,581
Long-Term Debt	16,158	11,616	7,895	4,225	614.2
Long-Term Leases	575.4	188.3	164.1	147.4	81.3
Long-Term Unearned Revenue	-	581	486.5	371.5	559.1
Pension & Post-Retirement Benefits	-	53.3	83.2	46.9	-
Long-Term Deferred Tax Liabilities	401.5	300.4	122.8	29.1	30.9
Other Long-Term Liabilities	1,690	1,865	1,127	771.9	820
Total Liabilities	77,029	70,954	57,132	49,684	39,686
Common Stock	225.3	238.3	238.3	238.3	238.3
Additional Paid-In Capital	-	645.5	587.1	572.8	572.8
Retained Earnings	-	45,799	41,460	35,769	32,146
Treasury Stock	-	-13	-13.1	-13.1	-13.1
Comprehensive Income & Other	55,274	2,699	2,126	2,114	1,981
Total Common Equity	55,500	49,369	44,398	38,681	34,925
Minority Interest	292.2	56.9	-	21.5	-
Shareholders' Equity	55,792	49,426	44,398	38,702	34,925
Total Liabilities & Equity	132,821	120,380	101,530	88,386	74,611
Total Debt	23,525	17,177	12,774	8,306	3,751
Net Cash (Debt)	1,149	10,024	10,607	16,932	13,442
Net Cash Growth	-88.54%	-5.50%	-37.35%	25.96%	-21.93%
Net Cash Per Share	10.19	88.96	94.16	150.32	119.34
Filing Date Shares Outstanding	112.68	112.64	112.62	112.61	112.61
Total Common Shares Outstanding	112.68	112.64	112.62	112.61	112.61
Working Capital	12,884	16,869	17,227	16,710	9,797
Book Value Per Share	492.56	438.29	394.23	343.48	310.13
Tangible Book Value	53,203	47,445	44,027	38,359	34,519
Tangible Book Value Per Share	472.18	421.20	390.93	340.62	306.53
Land	-	310.8	198.2	189.4	119.7
Buildings	-	9,311	8,048	7,721	7,852
Machinery	-	25,814	18,669	11,312	10,273
Construction In Progress	-	5,608	5,194	4,338	443.2
Order Backlog	-	103,370	93,550	97,520	88,120

Source: S&P Global Market Intelligence. Standard template. Financial Sources.