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 its financial metrics.

Breakdown:
Malu Paper's net sales have generally increased from INR 169.74 crore in March 2021 to INR 277.89 crore in March 2025, with a notable rise from INR 233.89 crore in March 2023. However, the company's total operating income followed a similar trend, reaching INR 278.44 crore in March 2025. Despite this growth in sales and income, the total expenditure has also risen, culminating in INR 278.81 crore in March 2025, which has led to an operating profit (PBDIT) of -0.37 crore, a stark decline from INR 17.37 crore in March 2024. The profit before tax has been negative in recent years, with a loss of INR 17.13 crore in March 2025, compared to a profit of INR 1.47 crore in March 2024. Consequently, the profit after tax also reflected a loss of INR 12.13 crore in March 2025. The company's shareholder's funds have turned negative, dropping to -5.72 crore in March 2025 from 6.80 crore in March 2024. Additionally, the book value per share has decreased to -3.35 in March 2025, indicating a challenging financial position. Cash flow from operating activities has also declined, with a cash flow of INR 3 crore in March 2025, down from INR 9 crore in March 2024. Overall, while Malu Paper has seen growth in sales, it faces significant challenges in profitability and financial stability.