How has been the historical performance of Modern Engineer.?

Answer:The historical performance of Modern Engineer shows a challenging financial trajectory, particularly in the fiscal year ending March 2021, where the company reported net sales of 0.07 crore and total operating income of the same amount. The total expenditure, excluding depreciation, was higher at 0.13 crore, leading to an operating profit (PBDIT) of -0.05 crore. This resulted in a profit before tax and profit after tax, both recorded at -0.05 crore, indicating a loss for the period. The earnings per share (EPS) stood at -0.16, and the operating profit margin was notably negative at -85.71%. However, the company has shown signs of recovery in subsequent years, with profit before tax improving to 6.00 crore by March 2024, following a series of losses in the previous years.

Breakdown:
In March 2021, Modern Engineer faced significant financial difficulties, with total operating income of only 0.07 crore against total expenditures of 0.13 crore, resulting in an operating loss of -0.05 crore. The company's net profit mirrored this loss, also at -0.05 crore, and the EPS reflected this downturn at -0.16. The operating profit margin was severely negative at -85.71%, indicating substantial operational inefficiencies. In contrast, by March 2024, the company reported a profit before tax of 6.00 crore, marking a significant turnaround from the previous years' losses, showcasing an improvement in cash flow from operating activities, which reached 5.00 crore. This shift suggests a positive trend in the company's financial health, moving from a challenging position to a more favorable one.