The financial ratios for MMTC (Metals and Minerals Trading Corporation of India Limited) present a

mixed picture, indicating both positive and concerning aspects. Let's infer from the given ratios for the
years ending in March 2021, March 2022, and March 2023:

EBDIT Annual Margin %:

The EBDIT margin has shown a significant improvement from a negative value in March 2021 to a
positive 0.0579% in March 2022, but it turned negative again at -0.0823% in March 2023. This suggests
volatility and challenges in maintaining consistent profitability.

EBIT Annual Margin %:

Similar to EBDIT, the EBIT margin improved in March 2022 but experienced a decline in March 2023. The
negative values indicate challenges in generating operating profits relative to revenue.

PBT Annual Margin %:

The Profit Before Tax (PBT) margin has seen a remarkable improvement, shifting from a negative value
in March 2021 to a substantial 4.6933% in March 2023. This positive trend suggests enhanced
profitability at the pre-tax level.

Net Profit Margin Annual %:

The Net Profit Margin, while negative in both March 2021 and March 2022, showed a significant
improvement to 3.9481% in March 2023. This is a positive sign, indicating the company's ability to
generate profits after accounting for all expenses.

Asset Turnover Ratio Annual:

The Asset Turnover Ratio has witnessed a substantial decline from 4.4 in March 2021 to 0.1 in March
2023. This decline suggests a potential inefficiency in utilizing assets to generate revenue.

Du Pont:

The Du Pont analysis, which decomposes Return on Equity (ROE), shows a negative trend in March 2021
and March 2022 but turns positive in March 2023. The improvement in 2023 indicates better utilization
of equity to generate profits.

Equity Multiplier:
The Equity Multiplier has experienced fluctuations, with a substantial increase in March 2022 followed
by a sharp decrease in March 2023. This signifies changes in the company's financial structure and
leverage.

Inferences:

MMTC has faced challenges in maintaining consistent positive EBDIT and EBIT margins.

The company has shown significant improvement in pre-tax and net profit margins, indicating enhanced
overall profitability in March 2023.

Asset turnover has declined significantly, suggesting potential inefficiencies in asset utilization.

Du Pont analysis indicates improved returns on equity in March 2023.

Fluctuations in the equity multiplier suggest changes in the company's financial leverage.

Overall, while there are positive signs of improved profitability and returns on equity, challenges in asset
utilization and fluctuations in financial leverage need attention for a more comprehensive assessment of
MMTC's financial health.