How has been the historical performance of Steelco Gujarat?

Answer:The historical performance of Steelco Gujarat shows a mixed trend over the years, with notable changes in revenue, profit margins, and overall financial health.

Breakdown:
In the fiscal year ending March 2015, Steelco Gujarat reported net sales of 550.46 crore, an increase from 510.63 crore in March 2014. Total operating income also rose to 570.92 crore from 532.14 crore in the previous year. However, the company faced rising raw material costs, which increased to 443.79 crore from 417.62 crore. The total expenditure, excluding depreciation, grew to 563.65 crore from 515.46 crore, leading to a decline in operating profit (PBDIT) to 10.56 crore from 20.37 crore. The interest expense increased to 21.40 crore from 19.64 crore, contributing to a gross profit before tax of -0.15 crore, compared to 0.73 crore in the prior year. Consequently, the profit before tax improved slightly to -3.14 crore from -3.72 crore, with the profit after tax also reflecting a similar trend at -3.14 crore compared to -3.72 crore. The earnings per share showed an improvement to -0.74 from -0.87. On the balance sheet, total liabilities decreased significantly to 237.91 crore from 347.19 crore, while total assets also fell to 237.91 crore from 347.19 crore. The cash flow from operating activities increased to 43.00 crore from 4.00 crore, indicating improved cash generation despite the challenges faced. Overall, while Steelco Gujarat experienced growth in sales and operating income, it struggled with profitability and asset management during this period.