How has been the historical performance of Manaksia Steels?
Manaksia Steels has experienced declining net sales and profits from March 2022 to March 2025, with total liabilities increasing and a recent positive cash flow from operations. Overall, the company faces challenges in revenue and profitability.
Answer:The historical performance of Manaksia Steels shows a fluctuating trend in key financial metrics over the years.Breakdown:
Manaksia Steels' net sales have seen a decline from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025, with a peak in March 2023. The total operating income followed a similar trend, decreasing from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025. The raw material costs peaked at INR 617.77 crore in March 2023 but decreased to INR 551.74 crore by March 2025. Operating profit (PBDIT) also declined significantly from INR 61.36 crore in March 2022 to INR 27.32 crore in March 2025. Profit before tax dropped from INR 48.93 crore in March 2022 to INR 12.00 crore in March 2025, while profit after tax decreased from INR 35.32 crore in March 2022 to INR 9.75 crore in March 2025. The company's total liabilities increased from INR 420.11 crore in March 2023 to INR 536.53 crore in March 2025, reflecting a rise in short-term borrowings. Cash flow from operating activities turned positive at INR 13 crore in March 2025, contrasting with a negative cash flow of INR 52 crore in March 2024. Overall, the financial performance of Manaksia Steels indicates challenges in maintaining revenue and profitability, alongside increasing liabilities.
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