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 notable changes in sales, profits, and overall financial health. Breakdown: Nitiraj Engineer's net sales increased from INR 39.63 crore in March 2022 to INR 46.08 crore in March 2023, following a peak of INR 53.40 crore in March 2021. The total operating income mirrored this trend, reaching INR 46.08 crore in March 2023. However, the company faced rising raw material costs, which increased to INR 28.07 crore in March 2023 from INR 20.88 crore in March 2022. Operating profit (PBDIT) improved to INR 4.01 crore in March 2023 from INR 2.37 crore in the previous year, but profit before tax was marginal at INR 0.01 crore, recovering from a loss of INR 4.45 crore in March 2022. The profit after tax remained negative at INR -0.18 crore in March 2023, although it was an improvement from INR -3.36 crore in March 2022. The company's total assets grew to INR 79.07 crore in March 2023 from INR 76.37 crore in March 2022, while total liabilities also increased to INR 79.07 crore from INR 76.37 crore. Cash flow from operating activities was stagnant at INR 0.00 crore in March 2023, reflecting challenges in generating cash from core operations. Overall, while Nitiraj Engineer showed some recovery in sales and operating profit, it continued to struggle with profitability and cash flow.