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 March 2015 to March 2019.

Breakdown:
Atlas Cycles experienced a decline in net sales from 586.32 crore in March 2015 to 538.36 crore in March 2019. Other operating income also decreased, contributing to a total operating income drop from 594.59 crore in March 2015 to 538.36 crore in March 2019. The company's total expenditure, excluding depreciation, fluctuated but ultimately decreased from 613.38 crore in March 2015 to 584.12 crore in March 2019. This led to operating profit (PBDIT) showing a loss of 45.20 crore in March 2019, compared to a profit of 7.36 crore in March 2016. The profit before tax also worsened, moving from a loss of 27.98 crore in March 2015 to a loss of 56.44 crore in March 2019. Consequently, the profit after tax reflected a similar trend, with losses increasing from 18.95 crore in March 2015 to 45.84 crore in March 2019. The company's total assets decreased from 272.41 crore in March 2019 to 88.14 crore in March 2023, while total liabilities also saw a decline from 272.41 crore in March 2019 to 88.14 crore in March 2023. Cash flow from operating activities remained negative, indicating ongoing financial difficulties, with a cash flow of -11.00 crore in March 2020. Overall, Atlas Cycles has faced a downward trajectory in financial performance, marked by declining sales, increasing losses, and diminishing asset values.