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. Despite this revenue, the total expenditure was high at 143.13 crore, leading to an operating profit (PBDIT) of only 10.43 crore. 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) was reported at -28.19, indicating a loss per share. The operating profit margin stood at 6.79%, while the profit after tax margin was notably negative at -60.0%.

In terms of balance sheet metrics, Harish Textile's total liabilities amounted to 72.57 crore in March 2020, with total assets at the same figure, indicating a challenging financial position. The company had 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 results also reflect difficulties, with a net cash outflow of 0.00 in March 2020, following a trend of negative cash flow from operating activities in previous years. Overall, Harish Textile's financial performance has been marked by significant losses and a challenging operational environment.

Breakdown:
Harish Textile's financial performance in March 2020 reveals a net sales figure of 153.56 crore, but the company faced high total expenditures of 143.13 crore, resulting in an operating profit of only 10.43 crore. The substantial interest expenses of 48.80 crore led to a profit before tax of -87.14 crore and a profit after tax of -92.14 crore, with an EPS of -28.19. The operating profit margin was 6.79%, while the profit after tax margin was -60.0%. On the balance sheet, total liabilities and total assets were both reported at 72.57 crore, with total reserves at 385.37 crore. The book value per share was 21.98. Cash flow results indicated a net cash outflow of 0.00, following a trend of negative cash flow from operating activities in prior years, highlighting the company's ongoing financial difficulties.