How has been the historical performance of Gagan Gases?

Answer:The historical performance of Gagan Gases shows a significant increase in net sales, rising from 0.58 Cr in Mar'19 to 5.69 Cr in Mar'25. However, the company has faced fluctuating total operating income, peaking at 5.69 Cr in Mar'25 after reaching 2.21 Cr in Mar'23. The raw material costs have also surged, particularly in Mar'25, where they reached 4.60 Cr, indicating a growing expense in production. Operating profit, excluding other income, has shown a gradual increase from 0.11 Cr in Mar'20 to 0.34 Cr in Mar'25, although it peaked at 0.39 Cr in Mar'22. Profit before tax has fluctuated significantly, with a high of 2.45 Cr in Mar'23, but dropping to 0.35 Cr in Mar'25. Profit after tax has also seen a decline from 1.87 Cr in Mar'23 to 0.27 Cr in Mar'25. The company's earnings per share (EPS) have varied, with a notable peak at 4.14 in Mar'23, but falling to 0.6 in Mar'25. The total liabilities have decreased from 4.14 Cr in Mar'23 to 3.64 Cr in Mar'24, while total assets have also declined from 4.14 Cr to 3.64 Cr in the same period. Overall, Gagan Gases has experienced growth in sales but has faced challenges in profitability and asset management.

Breakdown:
Gagan Gases has demonstrated a robust growth trajectory in net sales, escalating from 0.58 Cr in Mar'19 to 5.69 Cr in Mar'25, reflecting a strong upward trend. Despite this growth in sales, the company has encountered challenges with total operating income, which peaked at 5.69 Cr in Mar'25 after fluctuating in previous years. The raw material costs have notably increased, particularly in Mar'25, indicating rising production expenses. Operating profit has shown a gradual increase, reaching 0.34 Cr in Mar'25, although it peaked in Mar'22. Profit before tax has been inconsistent, with a high of 2.45 Cr in Mar'23 but declining to 0.35 Cr in Mar'25, while profit after tax has similarly decreased from 1.87 Cr to 0.27 Cr over the same period. The company's EPS has varied significantly, peaking at 4.14 in Mar'23 and falling to 0.6 in Mar'25. In terms of financial stability, total liabilities have decreased from 4.14 Cr in Mar'23 to 3.64 Cr in Mar'24, alongside a decline in total assets, indicating potential challenges in asset management. Overall, Gagan Gases has shown impressive sales growth but faces hurdles in maintaining profitability and managing its financial structure effectively.