Sustained Revenue GrowthFour-year revenue expansion to ₹36,008 crore signals durable demand and successful OEM program wins. Such platform-driven topline growth supports scale advantages, amortizes fixed costs, and underpins longer-term investment capacity and resilience over the next 2–6 months.
Improving Cash ConversionRecovery to positive free cash flow and improved FCF-to-net-income indicates stronger cash conversion. Persistent operating cash supporting net income enhances ability to fund capex, service liabilities, and sustain operations without recurring financing over coming quarters.
OEM-focused, Safety-Critical Product MixConcentrating on safety-critical braking systems for OEMs creates high technical and qualification barriers, recurring platform contracts, and long product lifecycles. This structural positioning fosters stable demand, pricing leverage, and sticky customer relationships over medium term.