How has been the historical performance of Rathi Steel?

Answer:The historical performance of Rathi Steel shows a significant decline in financial metrics from the fiscal year ending March 2012 to March 2013, with a notable shift into negative territory.

Breakdown:
In the fiscal year ending March 2013, Rathi Steel reported net sales of 808.43 crore, down from 936.66 crore in March 2012. Total operating income mirrored this decline, remaining at 808.43 crore compared to the previous year's 936.66 crore. The company experienced a reduction in raw material costs, which fell to 739.47 crore from 767.00 crore, while total expenditure increased to 888.88 crore from 851.56 crore. This led to an operating profit (PBDIT) of -80.44 crore, a stark contrast to the positive 85.10 crore recorded in the prior year. Consequently, the profit before tax plummeted to -155.67 crore from 10.17 crore, resulting in a profit after tax of -110.05 crore, down from 12.38 crore. The earnings per share also reflected this downturn, dropping to -35.15 from 3.95. The operating profit margin turned negative at -9.95%, compared to a positive 9.09% the previous year, and the profit after tax margin fell to -13.61% from 1.32%. In terms of balance sheet performance, total liabilities increased to 192.51 crore in March 2025 from 146.59 crore in March 2024, while total assets also rose to 192.51 crore from 146.59 crore. The company's cash flow from operating activities was -11.00 crore in March 2025, down from 24.00 crore in March 2024, indicating ongoing challenges in generating positive cash flow.