How has been the historical performance of the Accretion Pha.?

Answer:The historical performance of Accretion Pha. shows a profit before tax of Rs 2.00 crore for the year ending March 2024. However, the company faced challenges with a negative cash flow after changes in working capital amounting to Rs -12.00 crore. The cash flow from operating activities was also negative at Rs -11.00 crore, while cash flow from investing activities recorded an outflow of Rs -5.00 crore. On a positive note, cash flow from financing activities was Rs 17.00 crore, resulting in a net cash inflow/outflow of Rs 0.00 crore. The company had no cash and cash equivalents at the beginning or end of the period.

Breakdown:
Accretion Pha. reported a profit before tax of Rs 2.00 crore for the year ending March 2024, indicating some level of profitability. However, the company experienced significant cash flow challenges, with cash flow after changes in working capital at Rs -12.00 crore and cash flow from operating activities at Rs -11.00 crore, reflecting operational difficulties. Additionally, cash flow from investing activities was negative at Rs -5.00 crore, suggesting investments that did not yield immediate returns. Conversely, the financing activities generated a positive cash flow of Rs 17.00 crore, which balanced the overall cash flow situation, resulting in a net cash inflow/outflow of Rs 0.00 crore. Throughout the period, the company maintained no cash and cash equivalents, indicating a tight liquidity position.