Strong Cash GenerationA strong free cash flow to net income ratio and favorable operating cash flow to net income indicate durable internal funding ability. This supports loan originations, servicing of infrastructure projects, capital cushions and provisioning without relying solely on external markets over the medium term.
Efficient Operating MarginsHigh EBIT/EBITDA and healthy net margins reflect operational efficiency in lending and project finance activities. Sustained margins support profitability through credit cycles, enable reinvestment into underwriting capabilities, and improve the firm's capacity to absorb credit costs and maintain return targets.
Niche Market Position In Power/infrastructureSpecialization in power and infrastructure, plus advisory and project finance capabilities, creates structural competitive advantage. Deep sector focus and strategic government/private partnerships drive deal flow, domain expertise and higher barriers to entry versus generalist lenders over the medium term.