How has been the historical performance of MRF?

Answer:The historical performance of MRF shows a consistent growth trend in net sales and profits over the years, with some fluctuations in profit margins.

Breakdown:
MRF's net sales have steadily increased from 16,062.46 Cr in Mar'19 to 28,153.18 Cr in Mar'25, reflecting a strong upward trajectory. The total operating income followed a similar pattern, rising from 16,062.46 Cr in Mar'19 to 28,153.18 Cr in Mar'25. However, the raw material costs have also surged, reaching 18,487.98 Cr in Mar'25, up from 10,292.57 Cr in Mar'19, which has impacted the operating profit margins. Operating profit (PBDIT) peaked at 4,570.40 Cr in Mar'24 but slightly declined to 4,492.58 Cr in Mar'25, indicating some pressure on profitability despite higher sales. Profit before tax showed a similar trend, with a high of 2,787.42 Cr in Mar'24, dropping to 2,479.00 Cr in Mar'25. The profit after tax also decreased from 2,081.23 Cr in Mar'24 to 1,869.29 Cr in Mar'25, resulting in a PAT margin of 6.64% in Mar'25, down from 8.27% in Mar'24. On the balance sheet, total assets grew from 19,442.34 Cr in Mar'20 to 29,566.99 Cr in Mar'25, while total liabilities increased from 19,442.34 Cr to 29,566.99 Cr in the same period. Cash flow from operating activities decreased from 3,303.00 Cr in Mar'24 to 1,867.00 Cr in Mar'25, reflecting challenges in cash generation despite rising sales. Overall, MRF's financial performance indicates robust growth in sales and assets, but with increasing costs and pressures on profit margins.