Negative Free Cash FlowPersistent negative free cash flow from heavy capex weakens cash conversion despite positive operating cash flow. Over time this can force external financing, constrain flexibility for dividends or buybacks, and elevate vulnerability to demand slowdowns in apparel exports.
Margin PressureDeclining net margins and stressed gross-profit dynamics indicate rising COGS or pricing pressure from buyers. Structurally slim margins reduce ability to absorb input inflation, undermine reinvestment capacity and magnify earnings volatility in a low‑margin manufacturing sector.
Earnings VolatilityNegative EPS growth despite strong revenue expansion signals uneven profitability conversion. Persistent earnings volatility hampers predictable returns, complicates long-term planning and may restrict access to lower‑cost capital during off cycles for apparel exporters.