How has been the historical performance of Meyer Apparel?

Answer:The historical performance of Meyer Apparel shows a significant decline in net sales and profitability over the years, culminating in a challenging financial position by March 2025.

Breakdown:
Meyer Apparel's net sales have decreased from 8.59 Cr in March 2019 to just 1.20 Cr in March 2025, indicating a downward trend in revenue generation. Total operating income followed a similar pattern, dropping from 8.59 Cr in March 2019 to 1.20 Cr in March 2025. The company's total expenditure, excluding depreciation, also fell from 10.42 Cr in March 2019 to 2.32 Cr in March 2025, reflecting a reduction in operational costs. However, despite these reductions, the operating profit (PBDIT) remained negative throughout, with a loss of -1.04 Cr reported in March 2025, compared to -1.28 Cr in March 2019. The profit after tax also remained negative, with a loss of -1.07 Cr in March 2025, showing a consistent struggle to achieve profitability. The company's reserves have deteriorated significantly, moving from -40.84 Cr in March 2019 to -57.05 Cr in March 2025, while shareholder's funds have also declined to -32.78 Cr in March 2025. Cash flow from operating activities has been stagnant, with no inflow reported in recent years, and the total assets have decreased from 13.23 Cr in March 2020 to just 0.66 Cr in March 2025, indicating a severe contraction in the company's financial health.