How has been the historical performance of Vardhman Polytex?

Answer:The historical performance of Vardhman Polytex shows significant fluctuations in key financial metrics over the years.

Breakdown:
Vardhman Polytex's net sales increased from 508.52 crore in March 2021 to 928.77 crore in March 2022, marking a substantial recovery from previous years, although it had seen a dip to 560.87 crore in March 2020. The total operating income followed a similar trend, reaching 928.77 crore in March 2022, up from 508.52 crore in March 2021. However, the company faced rising raw material costs, which surged to 708.57 crore in March 2022 from 366.77 crore in March 2021. Despite the increase in sales, the operating profit (PBDIT) improved to 62.37 crore in March 2022 from 16.98 crore in March 2021, although it was still lower than the 69.50 crore recorded in March 2017. The profit before tax remained negative at -15.50 crore in March 2022, an improvement from -56.68 crore in March 2021. The net profit also showed a loss of -15.51 crore in March 2022, compared to -56.70 crore in the previous year. On the balance sheet, total liabilities increased to 275.94 crore in March 2022 from 255.33 crore in March 2021, while total assets rose to 275.94 crore from 255.33 crore. The company's cash flow from operating activities improved to 61.00 crore in March 2022, up from 24.00 crore in March 2021, indicating better operational efficiency. Overall, while Vardhman Polytex has shown signs of recovery in sales and operating profit, it continues to grapple with net losses and high raw material costs.