How has been the historical performance of Black Rose Indus?

Answer:The historical performance of Black Rose Indus shows a declining trend in net sales over the past few years, with figures decreasing from 486.80 Cr in Mar'22 to 337.34 Cr in Mar'25. This decline in total operating income mirrors the sales trend, dropping from 486.80 Cr in Mar'22 to 337.34 Cr in Mar'25. The total expenditure, excluding depreciation, has also decreased from 442.29 Cr in Mar'22 to 307.95 Cr in Mar'25, contributing to an operating profit (PBDIT) that has fluctuated, peaking at 46.50 Cr in Mar'22 and settling at 32.73 Cr in Mar'25. Profit before tax has shown a similar pattern, with a high of 42.99 Cr in Mar'22 and a slight decrease to 28.35 Cr in Mar'25. The profit after tax has also decreased from 31.90 Cr in Mar'22 to 20.96 Cr in Mar'25, reflecting a PAT margin of 6.21% in the latest year. The company’s total assets have increased from 141.31 Cr in Mar'20 to 214.29 Cr in Mar'25, while total liabilities have also risen from 141.31 Cr to 214.29 Cr over the same period. Cash flow from operating activities has turned negative in Mar'25 at -12.00 Cr, contrasting with a positive cash flow of 16.00 Cr in Mar'24.

Breakdown:
Black Rose Indus has experienced a notable decline in net sales, which fell from 486.80 Cr in Mar'22 to 337.34 Cr in Mar'25, reflecting a challenging market environment. Total operating income followed suit, decreasing to 337.34 Cr in Mar'25 from 486.80 Cr in Mar'22. Despite a reduction in total expenditure from 442.29 Cr to 307.95 Cr over the same period, the operating profit (PBDIT) has shown fluctuations, reaching 32.73 Cr in Mar'25 after peaking at 46.50 Cr in Mar'22. Profit before tax has similarly decreased from 42.99 Cr in Mar'22 to 28.35 Cr in Mar'25, with profit after tax also declining to 20.96 Cr. The company's total assets have increased significantly from 141.31 Cr in Mar'20 to 214.29 Cr in Mar'25, indicating growth in its asset base, while total liabilities have mirrored this increase. However, cash flow from operating activities has turned negative in Mar'25, highlighting potential liquidity challenges despite the growth in total assets.