How has been the historical performance of Divyadhan Recy.?

Answer:The historical performance of Divyadhan Recy. shows a mixed trend in its financial metrics over the past two years.

Breakdown:
In the standalone annual results for March 2024, Divyadhan Recy. reported net sales of 56.13 Cr, a slight decline from 57.34 Cr in March 2023. The total operating income mirrored this trend, remaining at 56.13 Cr in March 2024 compared to 57.34 Cr the previous year. The raw material cost decreased marginally from 50.99 Cr to 50.68 Cr, while total expenditure increased from 53.06 Cr to 53.59 Cr. Operating profit (PBDIT) excluding other income fell from 4.28 Cr to 2.54 Cr, although total operating profit rose from 5.10 Cr to 5.54 Cr due to a significant increase in other income from 0.82 Cr to 3.00 Cr. Profit before tax improved from 3.01 Cr to 4.33 Cr, leading to a profit after tax increase from 2.08 Cr to 3.07 Cr. The earnings per share also rose from 2.12 to 2.91, indicating better profitability per share. On the balance sheet, total assets grew from 24.12 Cr to 42.03 Cr, with total liabilities increasing from 19.39 Cr to 42.03 Cr, primarily due to a rise in current liabilities. Cash flow from operating activities turned negative at -11.00 Cr in March 2024, contrasting with a positive cash flow of 2.00 Cr in March 2023. Overall, while the company has shown improvements in profitability metrics, challenges in cash flow and sales performance remain evident.