How has been the historical performance of Sah Polymers?

Answer:The historical performance of Sah Polymers shows a consistent growth trend in net sales and total operating income over the years, with net sales increasing from INR 49.10 crore in March 2020 to INR 129.24 crore in March 2025. However, the company has faced challenges in profitability, as indicated by a decline in operating profit from INR 8.75 crore in March 2023 to INR 6.23 crore in March 2025. Profit before tax also decreased significantly from INR 5.12 crore in March 2023 to INR 0.38 crore in March 2025, leading to a drop in profit after tax from INR 3.76 crore to INR 0.23 crore in the same period. The company's total liabilities rose from INR 36.39 crore in March 2020 to INR 131.50 crore in March 2024, reflecting increased borrowing, while total assets also grew, indicating expansion. Cash flow from operating activities has been negative in recent years, with a notable outflow of INR 16 crore in March 2023, but improved to zero in March 2024.

Breakdown:
Sah Polymers has demonstrated a robust growth trajectory in net sales, escalating from INR 49.10 crore in March 2020 to INR 129.24 crore by March 2025, reflecting a strong demand for its products. Despite this revenue growth, the company has struggled with profitability, as evidenced by a decline in operating profit from INR 8.75 crore in March 2023 to INR 6.23 crore in March 2025, and profit before tax plummeting from INR 5.12 crore to INR 0.38 crore during the same period. This decline in profitability has resulted in a significant drop in profit after tax, which fell from INR 3.76 crore in March 2023 to INR 0.23 crore in March 2025. The company's total liabilities have increased sharply, rising from INR 36.39 crore in March 2020 to INR 131.50 crore in March 2024, indicating a reliance on debt for financing its growth. Concurrently, total assets have also expanded, suggesting that the company is investing in its operational capacity. However, cash flow from operating activities has faced challenges, with a negative cash flow of INR 16 crore in March 2023, although it stabilized to zero in March 2024, highlighting ongoing liquidity concerns.