How has been the historical performance of Mipco Seaml Ring?

Answer:The historical performance of Mipco Seaml Ring shows consistent figures over the years, with no net sales or other operating income reported from March 2018 to March 2024. The total operating income remained at zero throughout this period, indicating a lack of revenue generation. The company's total expenditure, excluding depreciation, has gradually increased from 0.11 crore in March 2018 to 0.31 crore in March 2024, primarily driven by employee costs and other expenses. Operating profit (PBDIT) has consistently been negative, culminating in a loss of 0.31 crore in March 2024, compared to a loss of 0.11 crore in March 2018. The net profit also reflects this trend, with losses increasing from 0.11 crore in March 2018 to 0.31 crore in March 2024. The company's equity capital has increased from 3.58 crore in March 2018 to 5.58 crore in March 2024, but reserves have turned negative, reaching -6.76 crore in March 2024. The book value per share has also declined, indicating deteriorating shareholder value.

Breakdown:
Mipco Seaml Ring has not generated any net sales or other operating income from March 2018 to March 2024, maintaining a total operating income of zero. The total expenditure has risen from 0.11 crore in March 2018 to 0.31 crore in March 2024, with employee costs and other expenses contributing to this increase. The operating profit (PBDIT) has consistently been negative, with losses growing from -0.11 crore in March 2018 to -0.31 crore in March 2024. Similarly, the net profit has worsened over the years, reflecting a loss of -0.31 crore in March 2024 compared to -0.11 crore in March 2018. The equity capital has increased to 5.58 crore, but the reserves have turned negative, indicating financial distress, with total reserves at -6.76 crore in March 2024. The book value per share has also declined, highlighting a decrease in shareholder value over the years.