Strong Balance Sheet & Improving ROEA low-debt balance sheet and a turnaround in ROE to 6.5% provide durable financial flexibility. This reduces refinancing risk, supports sustained investment in product development and capacity, and strengthens the company's ability to meet OEM terms and survive industry downturns without heavy external funding.
Improving Gross And Net MarginsExpansion in gross margin and a return to net profitability reflect better pricing, mix, or cost control, enhancing durable competitive economics. Sustained margin improvement strengthens cash flow generation and reinvestment capacity, supporting product quality investments and long-term competitiveness in heat-exchangers.
Strong Cash Generation And Rising Free Cash FlowConsistent operating cash flow and a notable free-cash-flow rise indicate reliable cash conversion. Durable cash generation allows funding of capex, dividends or strategic projects, reduces dependence on debt, and provides resilience across auto-cycle volatility while enabling long-term supplier and OEM commitments.