How has been the historical performance of Mahip Industries?

Answer:The historical performance of Mahip Industries shows a decline in profitability and fluctuations in various financial metrics over the years.

Breakdown:
Mahip Industries has not declared standalone results, but its consolidated balance sheet reveals significant changes from March 2018 to March 2020. Share capital increased from 7.02 Cr in March 2018 to 19.24 Cr in March 2019 and remained stable through March 2020. Total reserves decreased from 16.03 Cr in March 2018 to 12.84 Cr in March 2020, indicating a decline in retained earnings. Shareholder's funds also fell from 40.22 Cr in March 2019 to 32.08 Cr in March 2020. Long-term borrowings remained relatively stable, with a slight decrease from 15.77 Cr in March 2018 to 15.60 Cr in March 2020. Current liabilities surged from 27.23 Cr in March 2018 to 49.45 Cr in March 2020, primarily due to an increase in trade payables. Total liabilities rose from 66.39 Cr in March 2018 to 97.35 Cr in March 2020, while total assets increased correspondingly from 66.39 Cr to 97.35 Cr. The cash flow results indicate a profit before tax of -8.00 Cr in March 2020, down from 7.00 Cr in March 2018, reflecting a significant decline in operational performance. Cash flow from operating activities showed a recovery to 6.00 Cr in March 2020 after a negative cash flow of -10.00 Cr in March 2019. Overall, Mahip Industries has faced challenges in profitability while managing its asset and liability structure over the observed period.