How has been the historical performance of Spectra Industri?

Answer:The historical performance of Spectra Industri shows a significant decline in financial metrics over the years, particularly from March 2018 to March 2023.

Breakdown:
Spectra Industri's net sales have dropped to zero from a peak of 131.56 Cr in March 2017, with the last recorded sales being 0.53 Cr in March 2019. Total operating income followed a similar trend, falling to zero by March 2023. The company's total expenditure, excluding depreciation, decreased from 130.30 Cr in March 2017 to 0.62 Cr in March 2023, indicating a drastic reduction in operational activities. Operating profit has consistently been negative since March 2019, culminating in a loss of -0.62 Cr in March 2023. Profit before tax and profit after tax also reflect this downward trajectory, with losses reaching -3.45 Cr and -3.34 Cr respectively in March 2023. The company's total liabilities have decreased from 51.35 Cr in March 2018 to 10.76 Cr in March 2023, while total assets have similarly declined from 51.35 Cr to 10.76 Cr over the same period. Cash flow from operating activities has shown some positive movement, reaching 5.00 Cr in March 2023, but cash flow from financing activities remains negative, indicating ongoing financial challenges. Overall, the financial health of Spectra Industri has deteriorated significantly, with mounting losses and a shrinking asset base.