Balance Sheet StrengthA robust equity base and manageable debt-to-equity ratio provide durable financial resilience. This reduces refinancing risk, supports capital expenditure and working capital through cycles, and gives management flexibility to pursue growth or absorb demand shocks without immediate external financing.
Improved Operating Cash FlowSustained improvement in operating cash flow signals stronger cash generation from core tile manufacturing operations. Over months, better OCF supports reinvestment in production, funds distributor credit needs, and reduces reliance on external debt, improving long-term operational stability.
Stable Gross And EBITDA MarginsRelatively healthy gross margins and stable EBIT/EBITDA indicate durable production efficiency and pricing ability. This suggests the business can withstand moderate raw-material or energy cost swings while maintaining core profitability drivers, important for long-term margin sustainability.