How has been the historical performance of Malu Paper?

Answer:The historical performance of Malu Paper has shown significant fluctuations over the years, particularly in terms of revenue and profitability.

Breakdown:
Malu Paper's net sales have gradually increased from 169.74 Cr in March 2021 to 277.89 Cr in March 2025, with a notable rise from 233.89 Cr in March 2023 to 274.44 Cr in March 2024. However, the total operating income has also seen a similar upward trend, reaching 278.44 Cr in March 2025. Despite the growth in sales, the total expenditure has risen sharply, leading to an operating profit (PBDIT) of -0.37 Cr in March 2025, a decline from 17.37 Cr in March 2024. This trend reflects a challenging cost environment, particularly with raw material costs increasing from 106.01 Cr in March 2021 to 185.93 Cr in March 2025. The company's profit before tax has been negative for the last two years, culminating in -17.13 Cr in March 2025, while the profit after tax also turned negative at -12.13 Cr. The company's financial position has weakened, with total liabilities remaining relatively stable around 156.76 Cr in March 2025, while total assets have also been consistent at 156.76 Cr. The book value per share has deteriorated to -3.35 in March 2025 from 3.98 in March 2024, indicating a decline in shareholder equity. Cash flow from operating activities has remained positive at 3.00 Cr in March 2025, but the overall financial health of Malu Paper suggests a need for strategic adjustments to improve profitability and manage costs effectively.