Balance Sheet StrengthThe company’s equity ratio (65.21%) and low debt-to-equity (0.20) indicate conservative leverage and a robust capital base. This strengthens financial resilience across construction cycles, preserves borrowing capacity for strategic investments, and lowers refinancing risk over the medium term.
Sustained Revenue GrowthRevenue growth near 12% shows sustained demand for its tile and surface products, reflecting distribution reach and market acceptance. Durable top-line expansion supports operational scale, helps absorb fixed costs, and underpins medium-term capacity utilization improvements in the building-materials segment.
Improving Operating Cash ConversionOperating cash flow turning positive and an OCF-to-net-income ratio of 2.20 suggest earnings are converting efficiently to cash. That improvement enhances liquidity management, working-capital flexibility and the firm’s ability to fund operations without persistent external short-term financing.