How has been the historical performance of M Lakhamsi Ind?

Answer:The historical performance of M Lakhamsi Ind shows a trend of increasing shareholder's funds and total reserves over the past three years, with shareholder's funds rising from Rs 7.04 crore in March 2023 to Rs 8.52 crore in March 2025, and total reserves increasing from Rs 1.10 crore to Rs 2.32 crore in the same period. The company's share capital also grew slightly from Rs 5.94 crore in March 2023 to Rs 6.20 crore in March 2025. However, the company has not reported any profit before tax for the last three years, indicating a lack of operational profitability. Total liabilities decreased from Rs 54.26 crore in March 2024 to Rs 36.91 crore in March 2025, primarily due to a significant reduction in trade payables, which fell from Rs 22.46 crore to Rs 4.40 crore. The total assets also declined from Rs 54.26 crore to Rs 36.91 crore during the same period, reflecting a decrease in current assets, particularly in sundry debtors and cash and bank balances. The book value per share has shown a steady increase, reaching Rs 13.75 in March 2025 from Rs 11.60 in March 2023.

Breakdown:
M Lakhamsi Ind's financial metrics indicate a gradual improvement in shareholder equity, with shareholder's funds increasing from Rs 7.04 crore in March 2023 to Rs 8.52 crore in March 2025, alongside total reserves which rose from Rs 1.10 crore to Rs 2.32 crore. The share capital has also seen a modest increase over the years. Despite these positive trends in equity, the company has consistently reported no profit before tax, suggesting challenges in achieving operational profitability. The total liabilities have decreased significantly, primarily due to a sharp decline in trade payables, which indicates improved cash management or reduced operational activity. The total assets have similarly decreased, driven by reductions in current assets, particularly sundry debtors and cash balances. The book value per share reflects a positive trend, increasing steadily, which may indicate a strengthening of the company's financial position despite the lack of profitability.