How has been the historical performance of S.M. Gold?

Answer:The historical performance of S.M. Gold shows a significant increase in net sales over the years, rising from 28.58 Cr in Mar'20 to 87.79 Cr in Mar'25. Total operating income followed a similar trend, reaching 87.79 Cr in Mar'25 from 26.32 Cr in Mar'19. The company's total expenditure also increased, amounting to 86.47 Cr in Mar'25, which reflects the rising costs associated with the growth in sales. Operating profit, however, showed fluctuations, with a peak of 2.38 Cr in Mar'24, but declining to 1.46 Cr in Mar'25. Profit before tax decreased from 1.35 Cr in Mar'24 to 0.71 Cr in Mar'25, while profit after tax also fell from 1.19 Cr to 0.57 Cr in the same period. The earnings per share (EPS) decreased from 1.19 in Mar'24 to 0.57 in Mar'25. On the balance sheet, total assets grew from 17.14 Cr in Mar'20 to 40.17 Cr in Mar'25, with total liabilities also increasing to 40.17 Cr, primarily driven by short-term borrowings which rose to 16.33 Cr. The book value per share adjusted increased to 22.61 in Mar'25 from 12.8 in Mar'20, indicating a strengthening equity position despite the decline in profitability metrics in the latest year.

Breakdown:
S.M. Gold has demonstrated a robust growth trajectory in net sales, which surged from 28.58 Cr in Mar'20 to 87.79 Cr in Mar'25, indicating a strong demand for its products. Total operating income mirrored this growth, reaching 87.79 Cr in Mar'25. However, total expenditure also rose significantly, leading to a decline in operating profit from 2.38 Cr in Mar'24 to 1.46 Cr in Mar'25. Profit before tax and profit after tax both decreased in the latest year, reflecting challenges in maintaining profitability amidst rising costs. Despite these profitability challenges, the company’s total assets increased to 40.17 Cr in Mar'25, supported by a rise in short-term borrowings to 16.33 Cr, which suggests a reliance on debt to finance its growth. The book value per share improved, indicating a positive trend in shareholder equity, even as earnings per share fell in the most recent period.