How has been the historical performance of the Mangal Credit?
Mangal Credit's historical performance shows declining net sales and profits from 2015 to 2019, with net sales dropping from Rs 237.78 crore to Rs 99.20 crore, while total liabilities and assets also decreased. Operating profit increased slightly, but overall financial metrics indicate a downward trend in revenues and profits.
Answer:The historical performance of Mangal Credit shows a fluctuating trend in key financial metrics over the years.Breakdown:
Mangal Credit's net sales have seen a decline from Rs 237.78 crore in March 2015 to Rs 99.20 crore in March 2019, with a notable peak in March 2016 at Rs 143.41 crore. The total operating income followed a similar pattern, decreasing from Rs 237.78 crore in March 2015 to Rs 99.20 crore in March 2019. Operating profit (PBDIT) excluding other income increased slightly from Rs 14.28 crore in March 2014 to Rs 20.07 crore in March 2019, while profit before tax peaked at Rs 12.05 crore in March 2018 before falling to Rs 10.48 crore in March 2019. The profit after tax also decreased from Rs 9.41 crore in March 2018 to Rs 7.55 crore in March 2019. The company's total liabilities decreased from Rs 302.82 crore in March 2014 to Rs 205.20 crore in March 2019, and total assets also declined from Rs 302.82 crore to Rs 205.20 crore over the same period. Cash flow from operating activities was positive at Rs 1.00 crore in March 2019, contrasting with a higher cash flow of Rs 31.42 crore in March 2018. Overall, Mangal Credit's financial performance reflects a trend of decreasing revenues and profits, alongside a reduction in total liabilities and assets.
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