How has been the historical performance of Atlas Cycles?

Answer:The historical performance of Atlas Cycles has shown significant challenges over the years, particularly from 2015 to 2019. In terms of net sales, the company reported a decline from 586.32 Cr in March 2015 to 538.36 Cr in March 2019. Total operating income also decreased from 594.59 Cr in March 2015 to 538.36 Cr in March 2019. The company's operating profit (PBDIT) saw a negative shift, moving from -10.28 Cr in March 2015 to -45.20 Cr in March 2019. This trend continued with profit before tax, which worsened from -27.98 Cr in March 2015 to -56.44 Cr in March 2019, leading to a profit after tax of -45.84 Cr in March 2019 compared to -18.95 Cr in March 2015. The operating profit margin and PAT margin also reflected this downturn, with the operating profit margin dropping to -8.5% in March 2019 from -3.16% in March 2015.

On the balance sheet side, total assets decreased from 272.41 Cr in March 2019 to 88.14 Cr in March 2023, while total liabilities also fell from 272.41 Cr to 88.14 Cr in the same period. Shareholder's funds turned negative, dropping from 51.61 Cr in March 2019 to -32.56 Cr in March 2023. Cash flow from operating activities remained negative, with -11.00 Cr in March 2020 and -10.00 Cr in March 2019. The company faced increasing challenges in managing its working capital, as indicated by the negative net current assets in recent years. Overall, Atlas Cycles has experienced a downward trend in both operational and financial performance, culminating in significant losses and a deteriorating balance sheet.

Breakdown:
Atlas Cycles has faced a declining trend in its financial performance from 2015 to 2019, with net sales decreasing from 586.32 Cr to 538.36 Cr and total operating income following a similar path from 594.59 Cr to 538.36 Cr. The operating profit (PBDIT) shifted from a loss of -10.28 Cr to -45.20 Cr, while profit before tax worsened from -27.98 Cr to -56.44 Cr, resulting in a profit after tax of -45.84 Cr in March 2019. The operating profit margin and PAT margin reflected this decline, with the operating profit margin falling to -8.5% by March 2019. On the balance sheet, total assets decreased significantly from 272.41 Cr in March 2019 to 88.14 Cr in March 2023, and total liabilities mirrored this decline. Shareholder's funds turned negative, indicating a troubling financial position. Cash flow from operating activities remained negative, highlighting ongoing operational challenges. Overall, the company has struggled with profitability and asset management, leading to a concerning financial outlook.