How has been the historical performance of Nova Iron &Steel?

Answer:The historical performance of Nova Iron & Steel shows significant challenges, particularly in the fiscal year ending March 2016.

Breakdown:
In March 2016, Nova Iron & Steel reported net sales of 11.59 Cr and total operating income of 15.59 Cr. The raw material cost was notably high at 14.58 Cr, leading to a total expenditure of 14.58 Cr, which resulted in an operating profit (PBDIT) of 1.13 Cr. However, the company faced substantial interest expenses of 6.01 Cr, resulting in a gross profit (PBDT) of -4.89 Cr and a profit before tax of -6.21 Cr. Consequently, the profit after tax was recorded at -6.48 Cr, culminating in a net profit of -4.45 Cr. The earnings per share (EPS) stood at -1.23, reflecting a negative operating profit margin of 6.47% and a PAT margin of -41.54%. On the balance sheet, total liabilities increased to 357.66 Cr, with total assets also rising to 357.66 Cr, indicating a challenging financial position. The cash flow from operating activities was negative at -2.00 Cr, while cash flow from financing activities showed a positive inflow of 34.00 Cr. Overall, the data illustrates a company struggling with profitability and cash flow management during this period.