How has been the historical performance of Kandagiri Spinng?
Kandagiri Spinng has experienced a significant decline in financial health from 2019 to 2024, with total liabilities and assets both decreasing to Rs 14.81 crore, negative shareholder equity, and consistent losses, including a profit before tax of Rs -1.00 crore in March 2024. The company's ongoing operational challenges are reflected in negative cash flow and a consistently negative book value per share since March 2021.
Answer:The historical performance of Kandagiri Spinng shows a trend of declining financial health over the years, with significant losses and negative equity.Breakdown:
Kandagiri Spinng's financial performance has deteriorated significantly from 2019 to 2024. The company's total liabilities decreased from Rs 77.34 crore in March 2019 to Rs 14.81 crore in March 2024, while total assets also fell from Rs 77.34 crore to Rs 14.81 crore during the same period. Shareholder's funds turned negative, dropping from Rs 5.72 crore in March 2019 to Rs -6.38 crore in March 2024. The company reported a profit before tax of Rs -1.00 crore in March 2024, following a pattern of losses in previous years, including Rs -10.00 crore in March 2020 and Rs -18.00 crore in March 2019. Cash flow from operating activities has also been negative, with Rs -1.00 crore in March 2024, indicating ongoing operational challenges. The book value per share adjusted has consistently been negative since March 2021, reflecting the company's declining equity position. Overall, Kandagiri Spinng has faced significant financial difficulties, with increasing debt and negative reserves impacting its stability.
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