How has been the historical performance of Harish Textile?

Answer:The historical performance of Harish Textile shows significant challenges, particularly in the fiscal year ending March 2020, where the company reported a net sales figure of 153.56 crore. The total operating income for the same period was also 153.56 crore, with total expenditure amounting to 143.13 crore, leading to an operating profit (PBDIT) of 10.43 crore. However, the company faced substantial interest expenses of 48.80 crore, resulting in a profit before tax of -87.14 crore and a profit after tax of -92.14 crore. The earnings per share (EPS) stood at -28.19, indicating a negative return for shareholders. The operating profit margin was recorded at 6.79%, while the profit after tax margin was -60.0%.

In terms of balance sheet performance, Harish Textile had total liabilities of 72.57 crore and total assets of 72.57 crore as of March 2020. The company reported a book value per share of 21.98. Over the years, the company has seen fluctuations in its total reserves, which were 385.37 crore in March 2020. The cash flow analysis indicates a net cash inflow/outflow of 0.00 in March 2020, with cash flow from operating activities showing a negative trend in previous years. Overall, the financial data reflects a company struggling with profitability and cash flow management during this period.

Breakdown:
Harish Textile's financial performance in March 2020 reveals a net sales figure of 153.56 crore, with total operating income matching this amount. The company incurred total expenditures of 143.13 crore, leading to an operating profit of 10.43 crore. However, high interest expenses of 48.80 crore resulted in a significant loss, with a profit before tax of -87.14 crore and a profit after tax of -92.14 crore. The negative earnings per share of -28.19 and a profit after tax margin of -60.0% highlight the company's struggles. On the balance sheet, total liabilities equaled total assets at 72.57 crore, with a book value per share of 21.98. The cash flow statement indicates a challenging cash flow situation, with a net cash inflow/outflow of 0.00 in March 2020, reflecting ongoing difficulties in managing cash flow effectively.