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 steadily increased from 74,277.78 Cr in March 2021 to 1,59,210.82 Cr in March 2025, reflecting a robust growth trajectory. Total operating income followed a similar pattern, rising from 90,170.57 Cr in March 2022 to 1,59,210.82 Cr in March 2025. The company has managed to control its raw material costs, which increased from 32,797.56 Cr in March 2021 to 88,111.05 Cr in March 2025, while also maintaining a relatively stable employee cost that rose from 7,813.26 Cr to 11,126.17 Cr during the same period. Operating profit (PBDIT) has shown a strong upward trend, reaching 32,699.24 Cr in March 2025, up from 14,709.66 Cr in March 2021. Profit before tax also increased significantly from 4,071.07 Cr in March 2021 to 17,542.20 Cr in March 2025, leading to a profit after tax of 12,535.75 Cr in March 2025, compared to 2,425.26 Cr in March 2021. The company's total assets grew from 1,64,745.17 Cr in March 2021 to 2,76,013.16 Cr in March 2025, while total liabilities increased from 1,64,745.17 Cr to 2,76,013.16 Cr during the same period. Cash flow from operating activities improved significantly, with a positive cash flow of 3,175.00 Cr in March 2025, compared to a negative cash flow of 5,629.00 Cr in March 2024. Overall, M & M's financial performance indicates a strong recovery and growth, particularly in sales and profitability metrics.