How has been the historical performance of M & M?

Answer:The historical performance of M & M shows a significant upward trend in net sales and profitability over the years, culminating in the fiscal year ending March 2025.

Breakdown:
M & M's net sales have increased consistently from INR 74,277.78 crore in March 2021 to INR 1,59,210.82 crore in March 2025, reflecting strong growth in revenue. The total operating income followed a similar trajectory, rising from INR 74,277.78 crore in March 2021 to INR 1,59,210.82 crore in March 2025. The company's operating profit (PBDIT) also saw a notable increase, reaching INR 32,699.24 crore in March 2025, up from INR 14,709.66 crore in March 2021. Profit before tax rose from INR 4,071.07 crore in March 2021 to INR 17,542.20 crore in March 2025, while profit after tax increased from INR 2,425.26 crore to INR 12,535.75 crore in the same period. The earnings per share (EPS) improved significantly, from INR 16.32 in March 2021 to INR 115.82 in March 2025. On the balance sheet, total assets grew from INR 1,64,745.17 crore in March 2021 to INR 2,76,013.16 crore in March 2025, while total liabilities increased from INR 1,64,745.17 crore to INR 2,76,013.16 crore. The cash flow from operating activities showed a recovery, moving from negative figures in previous years to INR 3,175 crore in March 2025, indicating improved operational efficiency. Overall, M & M has demonstrated robust growth in revenue, profitability, and asset base over the years.