How has been the historical performance of Nivaka Fashions?

Answer:The historical performance of Nivaka Fashions shows a significant decline in net sales and profitability over the years, culminating in losses in recent periods.

Breakdown:
Nivaka Fashions has experienced a steady decline in net sales from INR 36.24 crore in March 2019 to just INR 1.47 crore in March 2025. Other operating income has also decreased, contributing to a total operating income that fell from INR 36.24 crore in March 2019 to INR 1.84 crore in March 2025. The company's total expenditure, excluding depreciation, has similarly decreased from INR 34.47 crore in March 2019 to INR 1.62 crore in March 2025. Operating profit, which was INR 1.77 crore in March 2019, turned negative in March 2021 and has remained low, with a profit of INR 0.22 crore in March 2025. The company reported a profit before tax of -0.49 crore in March 2025, reflecting ongoing financial struggles. Profit after tax has also been negative since March 2021, with a loss of -0.50 crore in March 2025. The total liabilities have decreased from INR 34.04 crore in March 2021 to INR 13.83 crore in March 2025, while total assets have similarly declined from INR 34.04 crore to INR 13.83 crore over the same period. Cash flow from operating activities has been stagnant, with no cash inflow reported in March 2025, leading to a closing cash balance of zero. Overall, Nivaka Fashions has faced significant challenges, resulting in a downward trend in key financial metrics.