How has been the historical performance of the Prakash Steelage?
Prakash Steelage's historical performance from March 2014 to March 2016 shows a significant decline, with net sales dropping from Rs 1,019.61 crore to Rs 560.84 crore, and a shift from a profit of Rs 21.40 crore to a loss of Rs 87.89 crore. Overall, the company's financial metrics deteriorated markedly during this period.
Answer:The historical performance of Prakash Steelage shows a significant decline in key financial metrics from March 2014 to March 2016.Breakdown:
Prakash Steelage experienced a notable decrease in net sales, dropping from Rs 1,019.61 crore in March 2014 to Rs 560.84 crore in March 2016. Total operating income followed a similar trend, falling from Rs 1,025.44 crore in March 2014 to Rs 564.61 crore in March 2016. The company's total expenditure also decreased from Rs 957.73 crore in March 2014 to Rs 605.99 crore in March 2016, yet the operating profit (PBDIT) turned negative, going from Rs 71.83 crore in March 2014 to a loss of Rs 28.39 crore in March 2016. Consequently, the profit after tax plummeted from Rs 21.40 crore in March 2014 to a loss of Rs 87.89 crore in March 2016. The company's total assets decreased from Rs 641.94 crore in March 2014 to Rs 496.84 crore in March 2016, while total liabilities also fell from Rs 264.07 crore to Rs 203.03 crore during the same period. Cash flow from operating activities declined from Rs -8.31 crore in March 2014 to Rs 24.62 crore in March 2016, indicating a negative trend in cash generation. Overall, the financial performance of Prakash Steelage has deteriorated significantly over the analyzed years.
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