How has been the historical performance of Mangalam Alloys?

Answer:The historical performance of Mangalam Alloys shows a mixed trend over the past two years, with some improvements in key metrics.

Breakdown:
In the fiscal year ending March 2022, Mangalam Alloys reported net sales of 310.65 Cr, a slight increase from 301.03 Cr in March 2021. The total operating income mirrored this trend, remaining at 310.65 Cr in March 2022 compared to 301.03 Cr the previous year. The raw material cost decreased from 216.84 Cr to 205.65 Cr, while employee costs also saw a reduction from 21.63 Cr to 19.41 Cr. Consequently, the total expenditure (excluding depreciation) fell from 288.75 Cr to 286.57 Cr. Operating profit (PBDIT) significantly improved, rising to 24.71 Cr from 13.21 Cr, leading to a gross profit of 10.17 Cr, a recovery from a loss of 0.61 Cr in the prior year. Despite these gains, profit before tax was marginal at 1.03 Cr, up from a loss of 9.16 Cr, and profit after tax was slightly negative at -0.02 Cr, improving from -6.81 Cr. The earnings per share (EPS) turned positive at 0.84, compared to -3.67 in the previous year. On the balance sheet, total liabilities decreased from 337.22 Cr to 321.85 Cr, while total assets also declined from 337.22 Cr to 321.85 Cr. The book value per share increased to 34.81 from 33.97. Overall, while Mangalam Alloys showed improvements in sales and profitability metrics, it still faced challenges in achieving a positive net profit.