Recurring Core Product DemandCattle feed is a high-frequency, staple purchase for dairy and livestock farmers, creating recurring revenue and stable baseline volumes. This durable demand profile supports predictable cash conversion, dealer/distributor channel economics, and resilience through short-term agri cycles over months.
Low Leverage And Strong Capital StructureVery low net leverage provides financial flexibility to fund working capital, invest in capacity, and absorb commodity-driven margin swings. A conservative balance sheet reduces default risk in downturns and enables management to pursue strategic initiatives without forced financing pressure.
Robust Operating And Free Cash Flow In FY2025Strong FY2025 cash generation indicates earnings are translating into real liquidity, enabling reinvestment, deleveraging, and shareholder returns. Reliable cash flow improves capital allocation choices and buffers the business against seasonal or input-cost shocks over a medium-term horizon.