How has been the historical performance of Morgan Ventures?

Answer:The historical performance of Morgan Ventures shows a significant decline in net sales and profitability over the years, particularly from 2014 to 2016.

Breakdown:
Morgan Ventures experienced a notable decrease in net sales, dropping from 4.13 Cr in June 2014 to just 0.35 Cr by March 2016. This decline is mirrored in total operating income, which also fell from 4.13 Cr in June 2014 to 0.35 Cr in March 2016. The company faced increasing losses, as indicated by the operating profit (PBDIT) which went from a profit of 2.83 Cr in June 2014 to a loss of 0.07 Cr in March 2016. The profit before tax followed a similar trend, moving from a profit of 1.75 Cr in June 2014 to a break-even point in March 2016. Consequently, the profit after tax also reflected this downturn, transitioning from a profit of 1.73 Cr in June 2014 to a loss of 0.00 Cr in March 2016. The company's total liabilities decreased from 59.45 Cr in June 2014 to 48.12 Cr in March 2016, while total assets also declined from 59.45 Cr to 48.12 Cr in the same period. Cash flow from operating activities turned negative, dropping from a positive 4.37 Cr in March 2015 to -2.12 Cr in March 2016, indicating a significant cash outflow. Overall, the financial metrics highlight a troubling trend for Morgan Ventures, characterized by declining revenues, increasing losses, and deteriorating cash flow.