How has been the historical performance of Heera Ispat?

Answer:The historical performance of Heera Ispat shows a consistent lack of revenue generation and significant financial challenges over the years. Breakdown: Heera Ispat has reported zero net sales and zero other operating income from March 2019 to March 2025, indicating no operational revenue during this period. Total operating income has also remained at zero, with raw material costs, purchases of finished goods, and other operating expenses consistently reported as zero, except for employee costs which have slightly fluctuated. The total expenditure, excluding depreciation, has increased from 0.10 crore in March 2022 to 0.46 crore in March 2025, leading to a growing operating loss, with operating profit (PBDIT) declining from positive figures in March 2019 and 2020 to a loss of 0.46 crore in March 2025. Profit before tax and profit after tax have consistently shown negative values since March 2021, with the most recent figures being -0.46 crore for both in March 2025. The company's reserves have also deteriorated, moving from -2.34 crore in March 2019 to -6.44 crore in March 2025. The book value per share has turned negative, reflecting a decline from 0.11 in March 2023 to -0.95 in March 2025. Overall, Heera Ispat has faced persistent financial difficulties, with no cash flow from operating, investing, or financing activities reported in the last several years.