How has been the historical performance of NCC Blue Water?

Answer:The historical performance of NCC Blue Water shows a consistent trend of zero net sales and operating income over the past several years, indicating no revenue generation from its core operations from March 2019 to March 2025. However, the company has reported some other income, which peaked at 0.98 Cr in March 2020 and has since decreased to 0.52 Cr in March 2025. The total expenditure, excluding depreciation, has gradually increased from 0.18 Cr in March 2023 to 0.26 Cr in March 2025, while the operating profit (PBDIT) has remained negative, with losses widening from -0.16 Cr in March 2021 to -0.26 Cr in March 2025. Despite these losses, the company reported a profit before tax of 4.60 Cr in March 2025, largely due to exceptional items, which were not present in the previous years. The profit after tax also saw a significant increase to 3.50 Cr in March 2025, compared to 0.44 Cr in March 2024.

In terms of assets and liabilities, total assets rose from 7.96 Cr in March 2024 to 11.93 Cr in March 2025, driven by an increase in cash and bank balances, which reached 8.43 Cr in March 2025. Shareholder's funds also increased from 8.26 Cr in March 2024 to 11.75 Cr in March 2025, reflecting a strengthening of the company's equity base. The book value per share improved to 15.17 in March 2025 from 10.66 in March 2024. The cash flow from operating activities turned positive at 1.00 Cr in March 2025, compared to zero in the previous years, indicating a potential shift towards improved cash generation.

Breakdown:
NCC Blue Water has not generated any revenue from net sales or operating income from March 2019 to March 2025, but it has recorded other income, which peaked in March 2020 and has since declined. The company's total expenditure has increased over the years, leading to negative operating profit margins, although it reported a profit before tax in March 2025 due to exceptional items. The profit after tax also significantly increased in March 2025 compared to the previous year. Total assets and shareholder's funds have shown growth, with a notable rise in cash and bank balances. The book value per share has improved, and for the first time in several years, the cash flow from operating activities turned positive in March 2025, suggesting a potential turnaround in cash generation for the company.