How has been the historical performance of Techindia Nirman?
Techindia Nirman has shown declining financial health, with total reserves dropping to -Rs 2.58 crore and consistent negative cash flow from operations at -Rs 12.00 crore as of March 2024, while total liabilities increased significantly. The company has not reported any profit before tax in the analyzed years.
Answer:The historical performance of Techindia Nirman shows a consistent pattern in its financial metrics over the years, with notable trends in its balance sheet and cash flow results.Breakdown:
Techindia Nirman has maintained a stable share capital of Rs 14.33 crore from March 2019 to March 2024. However, total reserves have declined from Rs 0.05 crore in March 2019 to -Rs 2.58 crore in March 2024, indicating a deterioration in retained earnings. Shareholder's funds have also decreased from Rs 14.38 crore in March 2019 to Rs 11.75 crore in March 2024. The company's total liabilities rose from Rs 66.88 crore in March 2019 to Rs 92.35 crore in March 2024, primarily driven by an increase in short-term borrowings, which grew from Rs 52.45 crore to Rs 80.53 crore over the same period. Total assets have similarly increased, from Rs 66.88 crore in March 2019 to Rs 92.35 crore in March 2024. The cash flow results reflect a negative cash flow from operating activities, which has remained at -Rs 12.00 crore in March 2024, consistent with the previous year. Cash flow from investing activities improved to Rs 3.00 crore in March 2024, while cash flow from financing activities decreased to Rs 8.00 crore. Overall, the company has not generated profit before tax in any of the reported years, indicating ongoing operational challenges.
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