How has been the historical performance of Lynx Machinery?

Answer:The historical performance of Lynx Machinery shows a consistent lack of revenue generation and profitability over the years.

Breakdown:
Lynx Machinery has reported zero net sales and zero other operating income for the years ending March 2016 through March 2023, indicating no operational revenue. The total operating income has also remained at zero during this period. The company has incurred employee costs that have decreased from 0.11 crore in March 2021 to 0.05 crore in March 2023, while manufacturing expenses have fluctuated but were notably higher in earlier years, peaking at 0.65 crore in March 2016. The total expenditure, excluding depreciation, has been on a downward trend, decreasing from 0.65 crore in March 2016 to 0.44 crore in March 2023. Operating profit margins have remained negative, with an operating profit of -0.43 crore in March 2023. The profit before tax has also been negative, reaching -0.54 crore in March 2023. The company’s reserves have significantly deteriorated, showing a negative reserve of -1,126.90 crore in March 2023, compared to -0.59 crore in March 2022. The earnings per share have worsened, with an EPS of -9.0 in March 2023. On the balance sheet, total liabilities increased from 2.35 crore in March 2022 to 4.77 crore in March 2023, while total assets rose to 4.77 crore in March 2023, primarily due to an increase in current assets. The cash flow from operating activities has been negative, with a cash flow of -8.00 crore in March 2024. Overall, Lynx Machinery has shown a trend of increasing losses and negative performance metrics over the years.