Tirupati Forge 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	-	331.29	44.9	0.93	8.54	1.14
Cash & Short-Term Investments	199.77	331.29	44.9	0.93	8.54	1.14
Cash Growth	361.87%	637.77%	4744.01%	-89.14%	649.61%	-85.67%
Accounts Receivable	-	171.66	158.54	162.27	160.58	43.62
Other Receivables	-	7.36	3.39	1.56	4.32	6.87
Receivables	-	180.42	162.69	164.57	165.5	50.87
Inventory	-	230.78	223.28	159.73	152.1	105.83
Other Current Assets	-	145.34	29.93	20.66	32.11	20.96
Total Current Assets	-	887.82	460.8	345.89	358.25	178.79
Property, Plant & Equipment	-	553.71	267.54	153.55	144.4	138.92
Other Intangible Assets	-	1	1.32	0.22	0.25	0.34
Long-Term Accounts Receivable	-	-	0.39	-	0.74	2.74
Long-Term Deferred Tax Assets	-	1.19	1.01	1.64	0.2	-
Other Long-Term Assets	-	15.56	11.96	11.56	20.77	16.15
Total Assets	-	1,459	743.01	512.85	524.61	336.94
Accounts Payable	-	98.79	82.01	33.21	102.39	42.5
Accrued Expenses	-	5.8	3.84	2.41	3.25	3.37
Short-Term Debt	-	63.24	68.98	64.04	56.59	39.81
Current Portion of Long-Term Debt	-	20.47	17.61	8.85	7.3	6.21
Current Portion of Leases	-	12.02	8.55	5.14	4.52	0.02
Current Income Taxes Payable	-	7.58	7.78	6.1	11.28	0.69
Current Unearned Revenue	-	0.23	0.64	0	-	-
Other Current Liabilities	-	14.33	18.21	7.69	29.13	5.33
Total Current Liabilities	-	222.45	207.63	127.44	214.45	97.92
Long-Term Debt	-	93.09	24.08	18.85	33.99	29.6
Long-Term Leases	-	73.13	12.14	4.17	8.08	0.41
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.4
Other Long-Term Liabilities	-	-	-	-	-	-0
Total Liabilities	-	388.68	243.85	150.46	256.51	129.32
Common Stock	-	236.56	207.36	196	196	112
Additional Paid-In Capital	-	-	58.99	-	-	30.19
Retained Earnings	-	-	232.81	166.38	72.1	65.44
Comprehensive Income & Other	-	834.05	-	-	-	-
Shareholders' Equity	1,194	1,071	499.16	362.38	268.1	207.62
Total Liabilities & Equity	-	1,459	743.01	512.85	524.61	336.94
Total Debt	254.57	261.95	131.37	101.05	110.47	76.05
Net Cash (Debt)	-54.8	69.34	-86.46	-100.12	-101.93	-74.91
Net Cash Per Share	-0.46	0.64	-0.87	-1.02	-1.04	-0.77
Filing Date Shares Outstanding	126.4	118.28	103.68	98	98	98
Total Common Shares Outstanding	126.4	118.28	103.68	98	98	98
Working Capital	-	665.37	253.17	218.45	143.8	80.87
Book Value Per Share	9.79	9.05	4.81	3.70	2.74	2.12
Tangible Book Value	1,194	1,070	497.84	362.17	267.85	207.29
Tangible Book Value Per Share	9.79	9.04	4.80	3.70	2.73	2.12
Land	-	2.34	2.34	2.34	2.34	2.3
Buildings	-	96.63	37.34	35.2	35.2	35.2
Machinery	-	346.02	259.31	214.51	201.35	188.25
Construction In Progress	-	184.13	76.77	1.74	-	-

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