Happy Square Outsourcing Services Limited (NSE:WHITEFORCE)

NSE:WHITEFORCE Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	50.93	6.51	2.25	2.28	4.94	8.67
Cash & Short-Term Investments	60.93	6.51	2.25	2.28	4.94	8.67
Cash Growth	2578.15%	189.64%	-1.14%	-53.96%	-43.03%	2239.52%
Accounts Receivable	255.82	228.61	151.71	76.22	60.07	42.61
Other Receivables	-	1.94	1.94	-	-	-
Receivables	255.82	230.55	153.64	77.19	60.4	42.75
Prepaid Expenses	-	7.54	3.63	-	-	-
Other Current Assets	177.74	106.44	79.93	37.96	14.78	2.43
Total Current Assets	494.49	351.04	239.45	117.42	80.12	53.85
Property, Plant & Equipment	10.91	11.16	11.59	4.27	3.9	2.52
Long-Term Investments	18.63	13.3	22.27	10.7	4.73	0.44
Other Intangible Assets	23.66	20.39	9.81	-	-	-
Long-Term Deferred Tax Assets	0.46	0.52	0.65	0.35	0.18	0.06
Other Long-Term Assets	0	-0	0.49	11.29	-	0
Total Assets	548.15	396.4	284.26	144.03	88.92	56.86
Accounts Payable	4.45	8.09	14.54	25.45	19.06	3.14
Accrued Expenses	0.12	95.1	71.86	27.08	24.82	21.01
Short-Term Debt	54.05	114.84	78.96	38.99	8.78	0.29
Current Income Taxes Payable	-	1.99	-	-	0.5	0.79
Other Current Liabilities	86.16	18.28	21.08	0.32	0.63	0.25
Total Current Liabilities	144.79	238.31	186.45	91.84	53.8	25.48
Long-Term Debt	22.31	31.1	30.86	26.72	29.75	28.82
Pension & Post-Retirement Benefits	2.37	2.22	1.62	-	-	-
Other Long-Term Liabilities	-	0	-0	-	-	-
Total Liabilities	169.47	271.62	218.93	118.57	83.55	54.3
Common Stock	116	84.1	0.1	0.1	0.1	0.1
Retained Earnings	262.67	40.68	65.23	25.36	5.27	2.47
Shareholders' Equity	378.68	124.78	65.33	25.46	5.37	2.57
Total Liabilities & Equity	548.15	396.4	284.26	144.03	88.92	56.86
Total Debt	76.36	145.94	109.82	65.72	38.53	29.11
Net Cash (Debt)	-15.44	-139.43	-107.57	-63.44	-33.59	-20.43
Net Cash Per Share	-1.55	-16.58	-	-7.54	-3.99	-2.43
Filing Date Shares Outstanding	11.56	8.41	8.41	8.41	8.41	0.84
Total Common Shares Outstanding	11.56	8.41	8.41	8.41	8.41	0.84
Working Capital	349.7	112.73	53	25.58	26.31	28.37
Book Value Per Share	32.75	14.84	7.77	3.03	0.64	3.05
Tangible Book Value	355.02	104.39	55.52	25.46	5.37	2.57
Tangible Book Value Per Share	30.70	12.41	6.60	3.03	0.64	3.05
Land	-	7.45	7.4	-	-	-
Machinery	-	9.82	8.83	7.28	5.34	3
Construction In Progress	-	0.04	-	-	-	-

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