How has been the historical performance of Piccadily Sugar?

Answer:The historical performance of Piccadily Sugar shows significant fluctuations over the past three years, particularly in net sales and profitability.

Breakdown:
In the fiscal year ending March 2021, Piccadily Sugar reported net sales of 23.75 Cr, a notable decline from 43.61 Cr in March 2020 and 39.10 Cr in March 2019. Total operating income mirrored this trend, remaining at 23.75 Cr in March 2021 compared to 43.61 Cr and 39.10 Cr in the previous two years. The company's total expenditure also decreased to 24.79 Cr in March 2021 from 43.41 Cr in March 2020, primarily driven by a reduction in raw material costs, which fell to 10.04 Cr from 18.00 Cr. Operating profit (PBDIT) showed a recovery to 4.41 Cr in March 2021, up from 1.52 Cr in March 2020, despite a negative operating profit margin of -4.38%. Profit after tax improved significantly to 0.91 Cr in March 2021, compared to just 0.02 Cr in March 2020 and 0.33 Cr in March 2019. On the balance sheet, total liabilities decreased to 49.19 Cr in March 2021 from 50.95 Cr in March 2020, while total assets also declined to 49.19 Cr from 50.95 Cr. The company maintained a book value per share of 6.98 in March 2021, up from 6.58 in the previous two years. Overall, while Piccadily Sugar faced challenges in revenue generation, it demonstrated improvements in profitability metrics and maintained a stable capital structure.