How has been the historical performance of Aviva Industries?

Answer:The historical performance of Aviva Industries shows a consistent trend of minimal activity, with no profit before tax reported over the last six years. The company's share capital has remained stable at Rs 1.50 crore since March 2019. Total reserves have decreased from Rs 2.94 crore in March 2021 to Rs 1.61 crore in March 2023 and 2024. Shareholder's funds have also declined from Rs 4.44 crore in March 2021 to Rs 3.11 crore in March 2023 and 2024. Long-term borrowings have slightly increased from Rs 0.19 crore in March 2021 to Rs 0.76 crore in March 2022, remaining constant through March 2024. Total liabilities have shown a slight decrease from Rs 4.83 crore in March 2021 to Rs 4.21 crore in March 2024. The total assets have similarly decreased from Rs 4.83 crore in March 2021 to Rs 4.21 crore in March 2024, with non-current assets remaining at zero since March 2021. The book value per share has significantly dropped from Rs 29.64 in March 2021 to Rs 0 in March 2024, indicating a complete erosion of equity value.

Breakdown:
Aviva Industries has demonstrated a lack of financial growth over the years, with no profits recorded in any of the last six fiscal years. The company's share capital has remained unchanged, while total reserves have seen a significant decline, reflecting a decrease in retained earnings. Shareholder's funds have also diminished, indicating a reduction in the net worth of the company. Long-term borrowings have increased slightly but have remained stable in recent years, suggesting a cautious approach to leveraging. Total liabilities have decreased, mirroring the decline in total assets, which have not seen any non-current asset investments since March 2021. The drastic fall in book value per share to zero in March 2024 highlights the company's deteriorating financial health and lack of shareholder value.