V-MARC India 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	88.41	15.46	2.83	1.01	1.6
Cash & Short-Term Investments	88.41	15.46	2.83	1.01	1.6
Cash Growth	471.77%	446.94%	180.46%	-37.12%	147.00%
Accounts Receivable	4,200	2,844	1,439	599.69	664.06
Other Receivables	-	-	-	1.82	1.82
Receivables	4,200	2,844	1,439	601.51	665.88
Inventory	2,661	1,393	1,260	845.09	685.87
Prepaid Expenses	-	-	-	0.47	7.13
Other Current Assets	742.36	408.22	401.9	280.19	152.61
Total Current Assets	7,692	4,661	3,103	1,728	1,513
Property, Plant & Equipment	2,312	1,628	1,232	699.83	208.2
Long-Term Deferred Tax Assets	0.09	-	0.85	2.51	4.16
Other Long-Term Assets	242.75	168.18	117.95	31.78	201.66
Total Assets	10,247	6,458	4,454	2,462	1,927
Accounts Payable	4,334	1,970	1,577	686.31	378.72
Accrued Expenses	-	266.73	108.86	16.78	30.03
Short-Term Debt	1,067	877.8	779.35	484.81	402.92
Current Portion of Long-Term Debt	-	142.94	98.54	52.54	40.22
Current Income Taxes Payable	-	12.96	2.49	30.17	16.31
Other Current Liabilities	793.84	506.98	209.25	133.24	229.64
Total Current Liabilities	6,195	3,777	2,776	1,404	1,098
Long-Term Debt	1,069	729.14	527.15	219.37	128.07
Pension & Post-Retirement Benefits	-	10.85	6.91	5.93	5.27
Long-Term Deferred Tax Liabilities	3.21	0.91	-	-	-
Other Long-Term Liabilities	84.31	45.29	78.63	36.3	2.72
Total Liabilities	7,352	4,563	3,389	1,665	1,234
Common Stock	244.21	244.21	227.86	227.86	227.86
Retained Earnings	2,651	1,650	837.35	569.06	465.35
Comprehensive Income & Other	0	-	-	-	-
Shareholders' Equity	2,895	1,894	1,065	796.92	693.21
Total Liabilities & Equity	10,247	6,458	4,454	2,462	1,927
Total Debt	2,137	1,750	1,405	756.72	571.21
Net Cash (Debt)	-2,048	-1,734	-1,402	-755.71	-569.61
Net Cash Per Share	-83.87	-71.02	-61.56	-33.14	-24.99
Filing Date Shares Outstanding	24.42	24.42	22.79	22.79	22.79
Total Common Shares Outstanding	24.42	24.42	22.79	22.79	22.79
Working Capital	1,497	884.23	327.35	324.4	415.25
Book Value Per Share	118.55	77.58	46.75	34.97	30.42
Tangible Book Value	2,895	1,894	1,065	796.92	693.21
Tangible Book Value Per Share	118.55	77.58	46.75	34.97	30.42
Land	-	64.89	64.77	54.29	54.29
Buildings	-	606.97	511.09	317.28	61.66
Machinery	-	1,136	641.51	331.35	192.15
Construction In Progress	-	242.44	257.24	150.57	28.24

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