The first two months of the year were totally washed out due to the impact of COVID-19 and the ensuing lockdown, resulting in a drop in operational revenue. Beginning in July 2020, sales began to progressively increase. The revenue loss is mostly due to fewer sales in the first quarter, as well as a negative impact on manufacturing and logistics as a result of repeated lockdowns. Due to a lack of clarity on interstate transportation movement, the supply chain has experienced unpredictable production and scheduling challenges.

The net profit of the company reached to Rs. 29.89Cr. in FY21 compared to Rs. 75.25Cr. in FY20, which represents a decline of 60%. It is primarily driven by increase in the raw material prices and written off of investment held by the company in the commercial papers of Cox and Kings Ltd amounting to Rs. 20.18Cr. The net profit of the company has decreased at a rate of 29% since the last 4 financial years, where investment in diversifying their business, innovating new products and creating new subsidiaries is one of the reasons. Though the same is expected to yield good returns in future.

The EPS of the company has decreased around 35% y-o-y in the last 3 financial years. The company claimed that decrease in profit is the main reason for this fluctuation.

The company's book value per share has changed during the last three financial years. Although the company's revenue has been declining for the past three financial years, it has still declared dividends and issued bonus shares to its shareholders. While this is a nice gesture on the part of the company, all of the transactions were made from reserve and surplus, affecting other equity. This had an impact on the company's total equity and book value per share.

The company's operating expenses have decreased by 11% y-o-y over the last four financial years, which is a positive sign, but it has had a direct impact on EBITDA because they are attempting to reduce major expenses such as cost of materials consumed and other expenses, which has harmed the company's EBIDTA growth.

In the last four financial years, the company's assets have fallen by 2% y-o-y, but it has decreased by roughly 7% in the last two years (FY20 and FY21) ( y-o-y). Because of the lockout, the firm's receivables have fallen, and the company has made no long-term investments in FY19 and FY20.

The cash flow from operation of the company has decreased 26% y-o-y in FY21. The company has paid off most of their liabilities like trade payable, loans and other non current financial liabilities.