How has been the historical performance of Kanishk Steel?

Answer:The historical performance of Kanishk Steel shows a mixed trend from March 2015 to March 2016. Breakdown: In the fiscal year ending March 2016, Kanishk Steel reported net sales of 272.61 Cr, a decline from 303.80 Cr in the previous year. Total operating income mirrored this trend, remaining at 272.61 Cr compared to 303.80 Cr in March 2015. The company's total expenditure decreased to 271.90 Cr from 297.27 Cr, primarily due to a reduction in the purchase of finished goods and manufacturing expenses. Operating profit (PBDIT) increased to 11.23 Cr from 7.89 Cr, driven by a rise in other income, which significantly improved to 10.52 Cr from 1.36 Cr. Profit before tax rose to 6.12 Cr from 1.41 Cr, and profit after tax turned positive at 4.73 Cr, compared to a loss of 0.26 Cr the previous year. The earnings per share (EPS) improved to 1.76 from -0.23. On the balance sheet, total assets increased to 157.86 Cr from 142.78 Cr, while total liabilities also rose to 157.86 Cr from 142.78 Cr, reflecting a rise in short-term borrowings. Cash flow from operating activities turned negative at -11.67 Cr, contrasting with a positive inflow of 12.86 Cr in the prior year, although net cash inflow improved to 1.61 Cr from an outflow of 1.58 Cr. Overall, while Kanishk Steel faced challenges in sales and cash flow, it demonstrated significant improvements in profitability metrics.