How has been the historical performance of Raunaq Intl.?

Answer:The historical performance of Raunaq International shows a significant decline in net sales and profitability over the years, with net sales dropping from 92.82 Cr in Mar'19 to just 5.77 Cr in Mar'23. The total operating income followed a similar trend, decreasing from 92.82 Cr in Mar'19 to 5.77 Cr in Mar'23. The company has consistently reported negative operating profits, with an operating profit of -2.24 Cr in Mar'23 compared to 5.75 Cr in Mar'17. Profit before tax also remained negative, reaching -2.83 Cr in Mar'23, while profit after tax was -2.38 Cr. The earnings per share (EPS) reflected this downward trend, with EPS falling from 3.27 in Mar'17 to -7.13 in Mar'23. The company's total liabilities decreased from 101.45 Cr in Mar'19 to 32.56 Cr in Mar'21, indicating a reduction in debt levels, while total assets also declined from 101.54 Cr in Mar'18 to 32.56 Cr in Mar'21. Cash flow from operating activities was positive at 1.00 Cr in Mar'21, but the overall cash position has deteriorated, with closing cash and cash equivalents dropping to 0.00 Cr by Mar'21.

Breakdown:
Raunaq International's financial performance has shown a troubling decline over the years, particularly in net sales, which fell dramatically from 92.82 Cr in Mar'19 to 5.77 Cr in Mar'23. This decline in revenue has been accompanied by negative operating profits, with the operating profit margin plummeting to -73.83% in Mar'23 from a positive margin of 2.95% in Mar'17. Profit before tax and profit after tax have also remained in the negative territory, indicating ongoing financial struggles. The company's total liabilities and assets have both decreased, suggesting a significant contraction in business operations. Despite a slight improvement in cash flow from operating activities to 1.00 Cr in Mar'21, the overall cash position has worsened, culminating in zero cash and cash equivalents by Mar'21. This combination of declining sales, persistent losses, and deteriorating cash flow paints a concerning picture of Raunaq International's historical performance.