How has been the historical performance of Patspin India?

Answer:The historical performance of Patspin India shows a significant decline in financial metrics over the years, particularly in net sales and profitability.

Breakdown:
Patspin India's net sales have decreased sharply from INR 548.51 crore in March 2019 to just INR 47.33 crore in March 2025, reflecting a downward trend in operational performance. Total operating income followed a similar trajectory, dropping from INR 548.51 crore in March 2019 to INR 47.33 crore in March 2025. The company's raw material costs have also decreased, indicating a reduction in production activity, with costs falling from INR 337.81 crore in March 2019 to INR 4.61 crore in March 2025. Operating profit (PBDIT) has turned negative, with a loss of INR 0.92 crore reported in March 2025, compared to a profit of INR 36.67 crore in March 2019. Profit before tax and profit after tax have consistently shown losses, culminating in a loss of INR 9.79 crore in March 2025. The company's total liabilities have decreased from INR 257.67 crore in March 2020 to INR 69.25 crore in March 2025, while total assets have also declined from INR 257.67 crore to INR 69.25 crore over the same period. Cash flow from operating activities has been minimal, with a slight increase to INR 1 crore in March 2025, compared to INR 51 crore in March 2020. Overall, the financial data indicates a troubling trend for Patspin India, characterized by declining revenues, increasing losses, and a shrinking asset base.