How has been the historical performance of Nitiraj Engineer?

Answer:The historical performance of Nitiraj Engineer shows fluctuations in key financial metrics over the years, with a notable decline 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 dip to 39.63 Cr in Mar'22 from 53.40 Cr in Mar'21. The total operating income mirrored this trend, reaching 46.08 Cr in Mar'23. However, 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, up from 1.79 Cr in the previous year. Despite this improvement, the company reported a profit before tax of only 0.01 Cr in Mar'23, a significant decline from 4.96 Cr in Mar'21. The profit after tax remained negative at -0.18 Cr in Mar'23, although it improved from -3.36 Cr in Mar'22. The consolidated net profit also showed a loss of -0.23 Cr in Mar'23, compared to -3.53 Cr in Mar'22. In terms of assets, 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 balance sheet. Cash flow from operating activities was stagnant at 0.00 Cr in Mar'23, reflecting challenges in generating cash from core operations. Overall, the company has experienced a challenging financial landscape, with profitability issues despite some growth in sales.