Weak Cash GenerationNegative free cash flow and an operating cash flow to net income ratio of 0.16 show poor cash conversion. Over several months this constrains capacity to self-fund capex, working capital or pay down debt, increasing reliance on external financing and liquidity risk.
High Leverage And Low ReturnsElevated leverage (D/E 1.77) combined with a low ROE (4.47%) reduces financial flexibility and increases fixed interest burden. This structural mix limits ability to absorb shocks, fund growth from internal resources, and can pressure earnings persistence over the medium term.
Thin Net Margin And Weakened Operating EfficiencyA narrow net margin (1.19%) and declining EBIT margin (6.79%) signal limited profitability after costs. Persistently thin margins heighten sensitivity to aluminium input cost swings and rising operating expenses, constraining retained earnings and reinvestment capacity over months.