How has been the historical performance of the EL Forge?

Answer:The historical performance of EL Forge shows a declining trend in net sales and profitability over the years, with significant losses reported in recent periods. Breakdown: EL Forge's net sales have decreased from Rs 122.79 crore in June 2011 to Rs 53.75 crore by March 2015. The total operating income followed a similar downward trajectory, dropping from Rs 122.79 crore in June 2011 to Rs 53.75 crore in March 2015. The company faced escalating raw material costs, which peaked at Rs 55.88 crore in June 2011 but fell to Rs 29.01 crore by March 2015. Operating profit (PBDIT) saw a significant decline, moving from a profit of Rs 5.27 crore in June 2011 to a loss of Rs 4.61 crore in March 2015. This trend continued with the profit before tax, which worsened from a loss of Rs 9.99 crore in June 2011 to a loss of Rs 17.77 crore in March 2015. The net profit also reflected this decline, with losses increasing from Rs 9.99 crore in June 2011 to Rs 17.77 crore in March 2015. The company's total liabilities peaked at Rs 222.41 crore in June 2012 but decreased to Rs 193.05 crore by March 2014. Cash flow from operating activities remained negative, indicating ongoing financial challenges, culminating in a closing cash balance of Rs 0.53 crore in March 2014, down from Rs 1.38 crore in the previous year. Overall, EL Forge's financial metrics indicate a troubling performance trend with increasing losses and declining revenues.