How has been the historical performance of BHEL?

Answer:The historical performance of BHEL shows a fluctuating trend over the years, with significant changes in net sales, profits, and overall financial health.

Breakdown:
BHEL's net sales have shown an upward trend from Mar'21 to Mar'25, increasing from 17,308.69 Cr to 28,339.48 Cr, despite a drop in Mar'20. The total operating income followed a similar pattern, reaching 28,339.48 Cr in Mar'25. However, the raw material costs have also risen significantly, from 11,071.03 Cr in Mar'21 to 20,387.47 Cr in Mar'25, impacting the operating profit, which improved from a loss of -3,141.29 Cr in Mar'21 to a profit of 1,706.88 Cr in Mar'25. The profit before tax also saw a recovery, moving from a loss of -3,640.07 Cr in Mar'21 to a profit of 686.59 Cr in Mar'25. The net profit experienced fluctuations, peaking at 598.10 Cr in Mar'23 and then declining to 474.89 Cr in Mar'25. BHEL's total liabilities decreased from 60,428.86 Cr in Mar'19 to 54,804.24 Cr in Mar'24, while total assets also decreased from 60,428.86 Cr in Mar'19 to 54,804.24 Cr in Mar'24. Cash flow from operating activities has been negative in recent years, with -3,712.00 Cr in Mar'24, although cash flow from financing activities improved significantly to 2,655.00 Cr in the same year. Overall, BHEL's financial performance reflects a recovery phase with ongoing challenges in managing costs and cash flow.