How has been the historical performance of Scoda Tubes?

Answer:The historical performance of Scoda Tubes shows a notable increase in profit before tax over the last three years, rising from 2.00 Cr in Mar'22 to 14.00 Cr in Mar'23, and further to 25.00 Cr in Mar'24. Adjustments also increased significantly from 8.00 Cr in Mar'22 to 34.00 Cr in Mar'24. However, changes in working capital fluctuated, with a negative change of -57.00 Cr in Mar'22, -14.00 Cr in Mar'23, and -54.00 Cr in Mar'24. Consequently, cash flow after changes in working capital improved from -46.00 Cr in Mar'22 to 22.00 Cr in Mar'23, but then decreased to 5.00 Cr in Mar'24. Cash flow from operating activities followed a similar trend, moving from -46.00 Cr in Mar'22 to 20.00 Cr in Mar'23, and then down to 2.00 Cr in Mar'24. Cash flow from investing activities showed a consistent outflow, increasing from -33.00 Cr in Mar'22 to -46.00 Cr in Mar'24. In contrast, cash flow from financing activities rose from 80.00 Cr in Mar'22 to 44.00 Cr in Mar'24, indicating a shift in financing strategies. Overall, the net cash inflow/outflow remained at 0.00 Cr across all three years, with no cash and cash equivalents reported at the opening or closing of each period.

Breakdown:
Scoda Tubes has demonstrated a positive trend in profit before tax, which increased significantly over the past three years, indicating improved operational performance. Despite the fluctuations in working capital, the company managed to improve its cash flow after changes in working capital from a negative position in Mar'22 to a positive one in Mar'23, although it declined again in Mar'24. The cash flow from operating activities mirrored this pattern, suggesting challenges in maintaining operational cash generation. The consistent outflow in cash flow from investing activities indicates ongoing investments, while the cash flow from financing activities shows a decrease in reliance on financing over the years. Overall, the company maintained a stable cash position with no net cash inflow or outflow, reflecting a cautious approach to liquidity management.