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 drastic reduction in net sales, dropping from 21.79 crore in March 2021 to just 1.47 crore in March 2025. Other operating income has also decreased, leading to a total operating income that fell from 21.79 crore in March 2021 to 1.84 crore in March 2025. The company's total expenditure, excluding depreciation, has similarly decreased, but not at the same rate as income, resulting in operating profits that have fluctuated, with a notable decline to 0.22 crore in March 2025 from 0.84 crore in March 2021. Profit before tax has turned negative, reaching -0.49 crore in March 2025, while profit after tax has also shown losses, amounting to -0.50 crore in the same period. The company's total assets have decreased from 34.04 crore in March 2021 to 13.83 crore in March 2025, and total liabilities have also reduced, but the company’s reserves have turned negative, indicating financial distress. Cash flow has been negative in the latest period, with a net cash outflow of -1.00 crore in March 2025, reflecting ongoing challenges in operational efficiency and financial stability.