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 crore, a decline from 303.80 crore in the previous year. The total operating income mirrored this trend, remaining at 272.61 crore compared to 303.80 crore in March 2015. The raw material costs increased to 120.48 crore from 102.04 crore, while the purchase of finished goods decreased significantly from 152.90 crore to 110.44 crore. Total expenditure, excluding depreciation, decreased to 271.90 crore from 297.27 crore, leading to an operating profit (PBDIT) of 11.23 crore, up from 7.89 crore. Profit before tax rose to 6.12 crore from 1.41 crore, resulting in a profit after tax of 4.73 crore, a significant improvement from a loss of 0.26 crore the previous year. The earnings per share (EPS) also improved to 1.76 from -0.23. On the balance sheet, total liabilities increased to 157.86 crore from 142.78 crore, while total assets rose to the same figure. The company experienced a net cash inflow of 1.61 crore in March 2016, compared to an outflow of 1.58 crore in March 2015, with closing cash and cash equivalents increasing to 6.37 crore from 4.76 crore. Overall, Kanishk Steel demonstrated a recovery in profitability despite a decline in sales and operating income.