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 crore in March 2022 to 46.08 crore in March 2023, following a peak of 53.40 crore in March 2021. The total operating income mirrored this trend, reaching 46.08 crore in March 2023. However, the operating profit (PBDIT) saw a rise to 4.01 crore in March 2023 from 2.37 crore in March 2022, although it was significantly lower than the 8.34 crore recorded in March 2021. Profit before tax turned positive at 0.01 crore in March 2023 after a loss of 4.45 crore in the previous year, but the profit after tax remained negative at -0.18 crore. The consolidated net profit also showed improvement, decreasing its loss to -0.23 crore from -3.53 crore in March 2022. On the balance sheet, total liabilities increased to 79.07 crore in March 2023 from 76.37 crore in March 2022, while total assets rose to 79.07 crore, indicating stability in asset management. Cash flow from operating activities was stagnant at 0.00 crore in March 2023, reflecting challenges in generating cash from core operations. Overall, while there were signs of recovery in sales and operating profit, the company continued to face profitability challenges.