How has been the historical performance of Nitiraj Engineer?
Nitiraj Engineer's historical performance shows fluctuating sales, increasing from 39.63 Cr in Mar'22 to 46.08 Cr in Mar'23, but faced rising raw material costs and minimal profitability, with a loss of 0.18 Cr in profit after tax. Despite improved operating profit, cash flow from operations remained stagnant, indicating ongoing financial challenges.
Answer:The historical performance of Nitiraj Engineer shows fluctuations in key financial metrics over the years, with notable changes in sales, profits, and overall financial health.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, reaching 46.08 Cr in Mar'23, up from 39.63 Cr the previous year. However, the company faced rising raw material costs, which rose to 28.07 Cr in Mar'23 from 20.88 Cr in Mar'22. Operating profit (PBDIT) improved to 4.01 Cr in Mar'23 from 2.37 Cr in Mar'22, but profit before tax remained minimal at 0.01 Cr. The profit after tax showed a loss of 0.18 Cr in Mar'23, although this was an improvement from a loss of 3.36 Cr in Mar'22. The total liabilities increased to 79.07 Cr in Mar'23 from 76.37 Cr in Mar'22, while total assets also rose to 79.07 Cr. Cash flow from operating activities was stagnant at 0.00 Cr in Mar'23, indicating challenges in generating cash from operations. Overall, while sales and operating profits showed some recovery, the company continued to struggle with profitability and cash flow.
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