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, but this is down from 53.40 Cr in Mar'21. The total operating income followed a similar trend, rising to 46.08 Cr in Mar'23 from 39.63 Cr in Mar'22, yet lower than the 53.40 Cr recorded in Mar'21. The total expenditure also rose to 42.54 Cr in Mar'23 from 37.84 Cr in Mar'22, impacting the operating profit, which improved to 3.54 Cr in Mar'23 from 1.79 Cr in Mar'22 but was significantly lower than the 8.11 Cr in Mar'21. The profit before tax showed a slight recovery to 0.01 Cr in Mar'23 from a loss of 4.45 Cr in Mar'22, while the profit after tax remained negative at -0.18 Cr in Mar'23, although an improvement from -3.36 Cr in Mar'22. The consolidated net profit also reflected this trend, moving from -3.53 Cr in Mar'22 to -0.23 Cr in Mar'23. 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 the losses. Cash flow from operating activities remained at 0.00 Cr in Mar'23, reflecting ongoing challenges in generating cash from core operations.