How has been the historical performance of Elnet Technolog?
Elnet Technolog has demonstrated steady growth in net sales and profitability, with a profit after tax increase to 9.00 Cr in March 2018 and total assets rising to 88.37 Cr. The company's book value per share improved to 169.4, reflecting enhanced shareholder value.
Answer:The historical performance of Elnet Technolog shows a steady growth in net sales and profitability over the years.Breakdown:
Elnet Technolog's net sales have shown slight fluctuations, with a peak of 22.67 Cr in March 2017 and a decrease to 22.21 Cr in March 2018. The total operating income followed a similar trend, remaining relatively stable around 22 Cr. The company's operating profit (PBDIT) was 15.32 Cr in March 2018, slightly down from 15.56 Cr in the previous year, while the profit before tax increased to 12.33 Cr from 12.06 Cr. Profit after tax also rose to 9.00 Cr in March 2018, up from 7.83 Cr in March 2017, reflecting a strong PAT margin of 40.51%. The company's total assets increased to 88.37 Cr in March 2018, compared to 78.07 Cr in March 2017, driven by a significant rise in cash and bank balances, which reached 40.22 Cr. Elnet Technolog maintained a consistent equity capital of 4.00 Cr, while reserves grew to 63.76 Cr, indicating a solid financial foundation. The book value per share also improved to 169.4, up from 147.81 the previous year, showcasing the company's increasing value to shareholders.
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