How has been the historical performance of Minaxi Textiles?
Minaxi Textiles has experienced declining financial performance, with net sales dropping from 44.38 Cr in Mar'19 to 28.88 Cr in Mar'25, and operating profit turning negative in recent years. The company has faced ongoing financial challenges, reflected in consistent losses and decreasing total assets and liabilities.
Answer:The historical performance of Minaxi Textiles shows a fluctuating trend in key financial metrics over the years.Breakdown:
Minaxi Textiles' net sales peaked at 44.38 Cr in Mar'19 but have since experienced a decline, reaching 28.88 Cr in Mar'25. The total operating income followed a similar trend, decreasing from 44.38 Cr in Mar'19 to 28.88 Cr in Mar'25. The company's total expenditure, excluding depreciation, also saw a decline from 39.30 Cr in Mar'19 to 28.03 Cr in Mar'25. Operating profit (PBDIT) turned negative in recent years, with a loss of 2.83 Cr in Mar'24 and a slight recovery to 0.85 Cr in Mar'25. However, profit before tax remained negative throughout this period, culminating in a loss of 0.69 Cr in Mar'25. The profit after tax also reflected losses, with -0.53 Cr in Mar'25. The company's total liabilities decreased from 41.75 Cr in Mar'21 to 18.26 Cr in Mar'25, while total assets also fell from 41.75 Cr in Mar'21 to 18.26 Cr in Mar'25. Cash flow from operating activities showed some stability, with 3.00 Cr in Mar'25, but financing activities consistently resulted in outflows, indicating ongoing financial challenges. Overall, Minaxi Textiles has faced significant difficulties in maintaining profitability and managing its financial health over the years.
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