How has been the historical performance of the Citichem India?

Answer:The historical performance of Citichem India shows a decline in net sales from Rs 20.94 crore in March 2023 to Rs 19.61 crore in March 2024. Despite this drop in sales, the total operating income mirrored this trend, remaining at Rs 19.61 crore in March 2024, down from Rs 20.94 crore in the previous year. The company's total expenditure also decreased from Rs 20.36 crore to Rs 17.81 crore, contributing to an increase in operating profit (PBDIT) from Rs 0.58 crore to Rs 1.80 crore. Consequently, profit before tax rose significantly from Rs 0.51 crore to Rs 1.65 crore, leading to a profit after tax increase from Rs 0.36 crore to Rs 1.12 crore. The earnings per share (EPS) improved from Rs 0.72 to Rs 2.24, reflecting a positive trend in profitability.

Breakdown:
Citichem India's financial metrics indicate a challenging year with a decline in net sales and total operating income, yet the company managed to reduce its total expenditure, which resulted in a notable increase in operating profit. The operating profit margin improved from 2.77% to 9.18%, and the profit after tax margin increased from 1.72% to 5.71%. The company's shareholder's funds rose from Rs 6.13 crore to Rs 7.25 crore, and total liabilities decreased from Rs 79.72 crore to Rs 69.33 crore, indicating a strengthening balance sheet. However, cash flow from operating activities remained stagnant, reflecting ongoing operational challenges. Overall, while Citichem India faced revenue declines, it demonstrated improved profitability and a healthier financial position in terms of net profit and shareholder equity.