How has been the historical performance of Nitiraj Engineer?
Nitiraj Engineer's historical performance shows fluctuating financial metrics, with net sales rising to 46.08 Cr in Mar'23 but facing challenges in profitability, resulting in a marginal profit before tax of 0.01 Cr and a negative profit after tax of -0.18 Cr. Despite increased total assets and liabilities, cash flow from operating activities remained stagnant at 0.00 Cr, indicating liquidity issues.
Answer:The historical performance of Nitiraj Engineer shows fluctuations in key financial metrics over the years, with notable challenges in profitability in recent periods.Breakdown:
Nitiraj Engineer's net sales increased from 39.63 Cr in Mar'22 to 46.08 Cr in Mar'23, following a decline from 53.40 Cr in Mar'21. The total operating income mirrored this trend, rising to 46.08 Cr in Mar'23 from 39.63 Cr in Mar'22. However, the company faced rising raw material costs, which increased to 28.07 Cr in Mar'23 from 20.88 Cr in Mar'22. The total expenditure also rose to 42.54 Cr in Mar'23 from 37.84 Cr in Mar'22, leading to an operating profit of 3.54 Cr in Mar'23, up from 1.79 Cr in Mar'22. Despite this improvement, the profit before tax was marginal at 0.01 Cr in Mar'23, recovering from a loss of 4.45 Cr in Mar'22. The profit after tax remained negative at -0.18 Cr in Mar'23, although it was an improvement from -3.36 Cr in Mar'22. The consolidated net profit also showed a slight recovery, reaching -0.23 Cr in Mar'23 compared to -3.53 Cr in Mar'22. On the balance sheet, total assets increased to 79.07 Cr in Mar'23 from 76.37 Cr in Mar'22, while total liabilities rose to 79.07 Cr from 76.37 Cr, indicating a stable financial position despite ongoing challenges. Cash flow from operating activities was stagnant at 0.00 Cr in Mar'23, reflecting ongoing liquidity issues.
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