How has been the historical performance of the India Steel?

Answer:The historical performance of India Steel shows a significant decline in net sales and profitability over the years.

Breakdown:
India Steel's consolidated net sales have drastically decreased from Rs 967.29 crore in March 2018 to just Rs 4.71 crore in March 2023. The total operating income followed a similar trend, dropping from Rs 967.29 crore in March 2018 to Rs 4.71 crore in March 2023. The company's total expenditure, excluding depreciation, also fell from Rs 966.72 crore in March 2018 to Rs 24.68 crore in March 2023. Operating profit (PBDIT) has been negative since March 2021, with a loss of Rs 19.97 crore in March 2023, compared to a profit of Rs 30.11 crore in March 2018. The profit before tax has consistently been negative, culminating in a loss of Rs 35.92 crore in March 2023. Consequently, the profit after tax also reflected losses, amounting to Rs 35.92 crore in March 2023, down from a profit of Rs 4.20 crore in March 2018. The total assets of the company decreased from Rs 594.08 crore in March 2019 to Rs 412.65 crore in March 2023, while total liabilities also saw a decline from Rs 594.08 crore in March 2019 to Rs 412.65 crore in March 2023. The cash flow from operating activities has remained negative, with a cash outflow of Rs 1 crore in March 2023. Overall, the financial metrics indicate a troubling trend for India Steel, characterized by declining revenues and increasing losses.