How has been the historical performance of TPI India?

Answer:The historical performance of TPI India shows a gradual improvement in net sales and operating profit over the years, with a notable increase in recent periods.

Breakdown:
TPI India's net sales have shown a consistent upward trend, rising from 18.33 crore in March 2021 to 30.18 crore in March 2025. This growth is accompanied by a significant reduction in total expenditure, which decreased from 29.89 crore in March 2019 to 27.86 crore in March 2025. The operating profit (PBDIT) has also improved, moving from a loss of 1.50 crore in March 2020 to a profit of 2.34 crore in March 2025. Despite these gains, the company has faced challenges with profitability, as evidenced by fluctuating profit before tax figures, which were negative in earlier years but reached 0.35 crore in March 2025. The profit after tax has similarly fluctuated, with a loss of 2.76 crore in March 2020 turning into a profit of 0.35 crore in March 2025. On the balance sheet, TPI India has seen its total liabilities increase from 8.00 crore in March 2020 to 9.33 crore in March 2025, while total assets have also risen from 8.00 crore to 9.33 crore in the same period. Cash flow from operating activities has been negative in recent years, but the company has managed to maintain a stable cash position with no cash inflow or outflow reported in the latest periods. Overall, TPI India has made strides in improving its sales and operational efficiency, although it continues to navigate challenges related to profitability and cash flow management.