How has been the historical performance of Kanishk Steel?

Answer:The historical performance of Kanishk Steel shows a mixed trend over the fiscal years ending March 2015 and 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. The total operating income mirrored this trend, remaining at 272.61 Cr compared to 303.80 Cr in March 2015. The raw material costs increased to 120.48 Cr from 102.04 Cr, while the purchase of finished goods decreased significantly from 152.90 Cr to 110.44 Cr. Total expenditure, excluding depreciation, fell to 271.90 Cr from 297.27 Cr, leading to an operating profit (PBDIT) of 11.23 Cr, up from 7.89 Cr. Profit before tax improved to 6.12 Cr from 1.41 Cr, resulting in a profit after tax of 4.73 Cr, a notable recovery from a loss of 0.26 Cr the previous year. The earnings per share (EPS) also reflected this positive shift, rising to 1.76 from -0.23. On the balance sheet, total liabilities increased to 157.86 Cr from 142.78 Cr, with total debt rising to 21.49 Cr from 5.29 Cr. However, total assets also grew to 157.86 Cr from 142.78 Cr. Cash flow from operating activities turned negative at -11.67 Cr, contrasting with a positive 12.86 Cr in the prior year, while net cash inflow improved to 1.61 Cr from an outflow of -1.58 Cr. Overall, Kanishk Steel exhibited a recovery in profitability despite challenges in sales and cash flow management.