How has been the historical performance of Rathi Steel?

Answer:The historical performance of Rathi Steel shows a significant decline in key financial metrics over the years, particularly from March 2012 to March 2013.

Breakdown:
In the fiscal year ending March 2013, Rathi Steel reported net sales of 808.43 crore, down from 936.66 crore in the previous year. The total operating income mirrored this decline, remaining at 808.43 crore compared to 936.66 crore in March 2012. Raw material costs decreased slightly to 739.47 crore from 767.00 crore, while total expenditure increased to 888.88 crore from 851.56 crore, leading to an operating profit (PBDIT) of -80.44 crore, a stark contrast to the positive 85.10 crore recorded in March 2012. The company faced a profit before tax of -155.67 crore, down from 10.17 crore, resulting in a profit after tax of -110.05 crore compared to a profit of 12.38 crore the previous year. This downturn is reflected in the earnings per share, which fell to -35.15 from 3.95. The operating profit margin also shifted dramatically from 9.09% to -9.95%, indicating a severe operational challenge. On the balance sheet, total liabilities increased to 192.51 crore from 146.59 crore, while total assets rose to 192.51 crore from 146.59 crore, reflecting a deterioration in financial health. The cash flow from operating activities was negative at -11.00 crore, down from a positive 24.00 crore, indicating ongoing cash flow issues. Overall, Rathi Steel's financial performance in this period highlights significant challenges, with declining revenues, increasing losses, and deteriorating cash flow.