How has been the historical performance of Indo Credit Cap.?

Answer:The historical performance of Indo Credit Cap shows a consistent pattern of minimal financial activity over the years, with no profit before tax reported from March 2019 to March 2024. The company's share capital has remained stable at Rs 7.23 crore throughout this period, while total reserves have shown a negative trend, increasing from -0.63 crore in March 2019 to -1.36 crore in March 2024. Shareholder's funds have also declined from Rs 6.60 crore in March 2019 to Rs 5.87 crore in March 2024. Total liabilities have increased from Rs 6.64 crore in March 2019 to Rs 9.87 crore in March 2024, primarily driven by a rise in current liabilities, which grew from Rs 0.04 crore in March 2019 to Rs 8.00 crore in March 2024. Total assets have similarly increased from Rs 6.64 crore in March 2019 to Rs 9.87 crore in March 2024, with current investments peaking at Rs 6.48 crore in March 2023 before slightly declining to Rs 6.09 crore in March 2024. The book value per share has decreased from Rs 9.13 in March 2019 to Rs 8.11 in March 2024, reflecting the overall decline in shareholder equity.

Breakdown:
Indo Credit Cap's financial history reveals a stagnant operational performance with no profits recorded over the past five years. The company's share capital has remained unchanged, while total reserves have worsened, indicating increasing financial strain. Shareholder's funds have decreased steadily, suggesting a decline in net worth. The rise in total liabilities, particularly current liabilities, points to growing financial obligations, which have outpaced asset growth. Despite an increase in total assets, the decline in current investments and book value per share highlights challenges in maintaining shareholder value. Overall, the financial metrics indicate a company struggling to generate profits and manage its liabilities effectively.