How has been the historical performance of Gem Spinners?

Answer:The historical performance of Gem Spinners shows a consistent trend of zero net sales and other operating income from March 2019 to March 2025. The total operating income remained at zero throughout this period, while the total expenditure, excluding depreciation, fluctuated slightly, peaking at 0.97 crore in March 2020 and decreasing to 0.50 crore by March 2025. Operating profit (PBDIT) has been negative since March 2020, with a significant drop from 9.62 crore in March 2019 to -0.50 crore in March 2025. Profit before tax and profit after tax also reflected negative values, with the most recent figures being -0.66 crore for both in March 2025. The company's equity capital has remained constant at 30.69 crore, but reserves have turned negative, reaching -32.93 crore in March 2025. The earnings per share have consistently been negative since March 2020, with the latest EPS at -0.11. The total liabilities have decreased from 6.74 crore in March 2020 to 5.69 crore in March 2025, while total assets have also declined from 6.74 crore to 5.69 crore in the same period. The cash flow from operating activities has been negative since March 2020, with a cash flow of -2.00 crore reported in March 2025.

Breakdown:
Gem Spinners has not generated any revenue over the past several years, with net sales and other operating income consistently reported as zero from March 2019 to March 2025. The total expenditure has shown some variation, with a peak in March 2020, but has generally decreased to 0.50 crore by March 2025. The company has faced significant operating losses, with operating profit (PBDIT) declining from a profit of 9.62 crore in March 2019 to a loss of -0.50 crore in March 2025. This trend is mirrored in both profit before tax and profit after tax, which have remained negative since March 2020. The equity capital has remained stable, but reserves have turned negative, indicating financial distress. The company's total liabilities and total assets have both decreased over the years, reflecting a decline in overall financial health. Cash flow from operating activities has been negative since March 2020, culminating in a cash flow of -2.00 crore in March 2025, further highlighting the challenges faced by the company.