Valiant Laboratories 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
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
Cash & Equivalents	193.6	49.17	117.18	12.62	1.31
Short-Term Investments	435.46	714.79	1,321	340.99	-
Cash & Short-Term Investments	629.06	763.96	1,438	353.6	1.31
Cash Growth	-47.13%	-46.88%	306.74%	26830.85%	-
Accounts Receivable	558.83	721.22	457.27	885.68	1,108
Other Receivables	30.08	2.51	18.74	7.22	0.08
Receivables	589.58	724.34	476.31	893.61	1,108
Inventory	270.14	39.89	100.15	130.42	158.04
Prepaid Expenses	-	1.51	1.44	5.19	1.52
Other Current Assets	448.01	396.48	239.3	122.96	228.56
Total Current Assets	1,937	1,926	2,255	1,506	1,497
Property, Plant & Equipment	2,218	2,041	927.03	487.98	236.72
Long-Term Investments	-	-	-	-	4.02
Other Intangible Assets	0.88	1.08	-	-	-
Other Long-Term Assets	90.77	40.22	244.41	135.89	6.1
Total Assets	4,247	4,009	3,427	2,130	1,744
Accounts Payable	484.76	407.16	259.27	472.96	397.24
Accrued Expenses	2.8	18.11	12.39	19.05	-
Short-Term Debt	-	168.56	13.88	-	-
Current Portion of Long-Term Debt	168.56	-	-	-	12.81
Current Portion of Leases	2.34	2.31	2.31	1.75	1.78
Other Current Liabilities	22.2	0.02	2.92	13.49	8.37
Total Current Liabilities	680.66	596.16	290.77	507.26	420.21
Long-Term Debt	365.21	1,043	746.63	594	594
Long-Term Leases	1.58	2.51	4.27	6.42	2.67
Long-Term Deferred Tax Liabilities	13.3	12.42	6.18	6.66	2.96
Other Long-Term Liabilities	12.39	10.9	10.42	10.4	9.61
Total Liabilities	1,073	1,665	1,058	1,125	1,029
Common Stock	543.13	434.5	434.5	325.6	162.8
Additional Paid-In Capital	-	1,410	1,413	163.39	-
Retained Earnings	-	498.81	520.87	515.92	-
Comprehensive Income & Other	2,630	-0.19	-	-	551.8
Shareholders' Equity	3,173	2,343	2,369	1,005	714.6
Total Liabilities & Equity	4,247	4,009	3,427	2,130	1,744
Total Debt	537.69	1,217	767.08	602.18	611.26
Net Cash (Debt)	91.37	-452.91	671.15	-248.58	-609.95
Net Cash Per Share	1.86	-10.42	17.66	-7.63	-18.73
Filing Date Shares Outstanding	50.03	43.45	43.45	32.56	32.56
Total Common Shares Outstanding	50.03	43.45	43.45	32.56	32.56
Working Capital	1,256	1,330	1,965	998.52	1,077
Book Value Per Share	63.44	53.93	54.51	30.86	21.95
Tangible Book Value	3,173	2,342	2,369	1,005	714.6
Tangible Book Value Per Share	63.42	53.90	54.51	30.86	21.95
Land	-	226.48	226.48	226.48	-
Buildings	-	122.29	121.99	120.09	95.24
Machinery	-	341.29	338.37	301.26	147.47
Construction In Progress	-	1,558	426.49	6.8	14.45

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