V-MARC India 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	237	15.46	2.83	1.01	1.6	0.65
Cash & Short-Term Investments	237	15.46	2.83	1.01	1.6	0.65
Cash Growth	5670.64%	446.94%	180.46%	-37.12%	147.00%	-93.89%
Accounts Receivable	3,107	2,844	1,439	599.69	664.06	434.67
Other Receivables	-	-	-	1.82	1.82	1.82
Receivables	3,107	2,844	1,439	601.51	665.88	436.49
Inventory	1,966	1,393	1,260	845.09	685.87	555.75
Prepaid Expenses	-	-	-	0.47	7.13	15.63
Other Current Assets	683	408.22	401.9	280.19	152.61	73.6
Total Current Assets	5,993	4,661	3,103	1,728	1,513	1,082
Property, Plant & Equipment	1,904	1,628	1,232	699.83	208.2	208.53
Long-Term Deferred Tax Assets	3	-	0.85	2.51	4.16	0.96
Other Long-Term Assets	205	168.18	117.95	31.78	201.66	20.04
Total Assets	8,105	6,458	4,454	2,462	1,927	1,312
Accounts Payable	2,597	1,970	1,577	686.31	378.72	350.47
Accrued Expenses	41	266.73	108.86	16.78	30.03	20.98
Short-Term Debt	-	877.8	779.35	484.81	402.92	390.72
Current Portion of Long-Term Debt	1,370	142.94	98.54	52.54	40.22	29.44
Current Income Taxes Payable	-	12.96	2.49	30.17	16.31	9.77
Other Current Liabilities	702	506.98	209.25	133.24	229.64	8.38
Total Current Liabilities	4,710	3,777	2,776	1,404	1,098	809.76
Long-Term Debt	1,058	729.14	527.15	219.37	128.07	71.19
Pension & Post-Retirement Benefits	-	10.85	6.91	5.93	5.27	4.87
Long-Term Deferred Tax Liabilities	-	0.91	-	-	-	-
Other Long-Term Liabilities	78	45.29	78.63	36.3	2.72	6.45
Total Liabilities	5,846	4,563	3,389	1,665	1,234	892.26
Common Stock	244	244.21	227.86	227.86	227.86	167.86
Retained Earnings	2,015	1,650	837.35	569.06	465.35	251.52
Shareholders' Equity	2,259	1,894	1,065	796.92	693.21	419.38
Total Liabilities & Equity	8,105	6,458	4,454	2,462	1,927	1,312
Total Debt	2,428	1,750	1,405	756.72	571.21	491.35
Net Cash (Debt)	-2,191	-1,734	-1,402	-755.71	-569.61	-490.7
Net Cash Per Share	-	-71.02	-61.56	-33.14	-24.99	-29.22
Filing Date Shares Outstanding	-	24.42	22.79	22.79	22.79	22.79
Total Common Shares Outstanding	-	24.42	22.79	22.79	22.79	16.79
Working Capital	1,283	884.23	327.35	324.4	415.25	272.35
Book Value Per Share	-	77.58	46.75	34.97	30.42	24.98
Tangible Book Value	2,259	1,894	1,065	796.92	693.21	419.38
Tangible Book Value Per Share	-	77.58	46.75	34.97	30.42	24.98
Land	-	64.89	64.77	54.29	54.29	54.29
Buildings	-	606.97	511.09	317.28	61.66	59.9
Machinery	-	1,136	641.51	331.35	192.15	187.88
Construction In Progress	-	242.44	257.24	150.57	28.24	8.86

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