How has been the historical performance of Multibase India?

Answer:The historical performance of Multibase India indicates significant challenges, particularly in the fiscal year ending March 2023.

Breakdown:
In March 2023, Multibase India reported net sales of 1,553.57 crore, with total operating income matching this figure. The total expenditure, excluding depreciation, was 1,547.52 crore, leading to an operating profit (PBDIT) of 38.36 crore after accounting for other income. However, the company faced substantial interest expenses of 72.92 crore, resulting in a profit before tax of -56.75 crore and a profit after tax of -63.72 crore. The consolidated net profit stood at -63.86 crore, reflecting a negative earnings per share (EPS) of -5.11. The operating profit margin was a mere 0.39%, while the profit after tax margin was -4.1%. On the balance sheet, total assets were reported at 137.15 crore, with total liabilities at 137.15 crore as well, indicating a precarious financial position. The cash flow from operating activities was 5.00 crore, but the net cash outflow was -62.00 crore, highlighting liquidity issues. Overall, the performance metrics suggest that Multibase India has struggled with profitability and cash flow management in recent years.