How has been the historical performance of Kanishk Steel?

Answer:The historical performance of Kanishk Steel shows a mixed trend over the years.

Breakdown:
In the fiscal year ending March 2016, Kanishk Steel reported net sales of 272.61 Cr, a decrease from 303.80 Cr in March 2015. The total operating income mirrored this decline, remaining at 272.61 Cr in 2016 compared to 303.80 Cr in the previous year. The raw material costs increased to 120.48 Cr from 102.04 Cr, while the purchase of finished goods saw a significant drop from 152.90 Cr to 110.44 Cr. Total expenditure, excluding depreciation, decreased to 271.90 Cr from 297.27 Cr, leading to an operating profit (PBDIT) of 11.23 Cr, up from 7.89 Cr. The profit before tax rose to 6.12 Cr from 1.41 Cr, and profit after tax improved to 4.73 Cr from a loss of 0.26 Cr. Consequently, the consolidated net profit turned positive at 5.01 Cr, compared to a loss of 0.66 Cr in the prior year. Earnings per share (EPS) also improved to 1.76 from -0.23. On the balance sheet, total liabilities increased to 157.86 Cr from 142.78 Cr, while total assets rose to 157.86 Cr from 142.78 Cr. The cash flow from operating activities turned negative at -11.67 Cr, contrasting with a positive 12.86 Cr in the previous year, but cash and cash equivalents increased to 6.37 Cr from 4.76 Cr. Overall, while Kanishk Steel faced challenges in sales and cash flow, it demonstrated significant improvements in profitability metrics.