How has been the historical performance of Solve Plastic?

Answer:The historical performance of Solve Plastic shows significant fluctuations in key financial metrics over the past four years.

Breakdown:
Solve Plastic's net sales have declined from INR 60.77 crore in March 2023 to INR 41.46 crore in March 2025. The total operating income followed a similar trend, decreasing from INR 60.77 crore in March 2023 to INR 41.46 crore in March 2025. The raw material costs have also decreased from INR 44.89 crore in March 2023 to INR 29.23 crore in March 2025. However, total expenditure, excluding depreciation, rose from INR 58.81 crore in March 2023 to INR 45.41 crore in March 2025, leading to an operating profit (PBDIT) that turned negative, reaching -INR 3.57 crore in March 2025 compared to a profit of INR 3.44 crore in March 2023. Consequently, the profit before tax dropped to -INR 5.51 crore in March 2025, and the profit after tax also fell to -INR 4.79 crore. The earnings per share (EPS) reflected this downturn, showing a loss of -INR 10.96 in March 2025, down from a profit of INR 4.63 in March 2024. On the balance sheet, total liabilities increased to INR 22.29 crore in March 2025 from INR 17.03 crore in March 2022, while total assets rose to INR 22.29 crore in March 2025, indicating a growing financial base despite the losses. Cash flow from operating activities turned negative at -INR 3.00 crore in March 2025, contrasting with positive cash flows in previous years, although cash flow from financing activities provided a net inflow of INR 6.00 crore. Overall, Solve Plastic's financial performance has shown a concerning trend with declining revenues and profits, alongside increasing liabilities.