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ID 200002068 · FY 2017–2019 · 3 years
Historic Tbilisi-based electric locomotive manufacturer, one of Georgia's legacy heavy industrial enterprises.
curated 2026-06-03reportal.ge
Bars are revenue on the left axis; lines are EBITDA and net margin on the right.
| Ratio | 2017 | 2018 | 2019 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 54.7% | 16.1% | 23.9% |
| EBITDA Margin | -78.4% | -75.7% | -206.0% |
| EBITDAR | -7,282 | -5,960 | -5,572 |
| EBITDAR Margin | -78.4% | -75.7% | -206.0% |
| EBIT Margin | -78.4% | -75.7% | -206.0% |
| Net Profit Margin | 19.0% | 3.1% | -974.6% |
| Operating Expense % of Sales | 133.2% | 91.8% | 229.9% |
| Returns | |||
| Return on Assets (ROA) | 2.0% | 0.4% | -37.4% |
| Return on Equity (ROE) | 3.1% | 0.5% | -104.2% |
| ROIC [EBIT / Invested Capital] | -8.8% | -9.9% | -19.6% |
| Leverage & liquidity | |||
| Debt-to-Assets | 29.8% | 11.1% | 32.0% |
| Debt-to-Equity | 0.45x | 0.14x | 0.89x |
| Debt-to-EBITDA | N/A | N/A | N/A |
| Equity-to-Assets | 65.8% | 80.4% | 35.9% |
| Net Debt | 25,872 | 7,195 | 3,120 |
| Cash & Equivalents | 4 | 132 | 19,468 |
| Total Debt | 25,875 | 7,327 | 22,588 |
| Efficiency & working capital | |||
| Inventory Turnover | 0.38x | 0.61x | 0.12x |
| Days Inventory Outstanding (DIO) | 949.2 | 595.5 | 3041.0 |
| Receivables Turnover | 0.39x | 0.34x | 2.09x |
| Days Sales Outstanding (DSO) | 930.3 | 1076.7 | 174.9 |
| Payables Turnover | 7.17x | 4.12x | 0.12x |
| Days Payable Outstanding (DPO) | 50.9 | 88.6 | 3070.0 |
| Cash Conversion Cycle | 1828.6 days | 1583.5 days | 145.9 days |
| Asset Turnover | 0.11x | 0.12x | 0.04x |
| Cash flow & dividends | |||
| Operating Cash Flow | -9,131 | -1,078 | 4,483 |
| Free Cash Flow (OCF − Capex proxy) | -9,131 | 5,304 | 3,613 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Companies sharing this sub-sector, ranked by how close their latest revenue is to this one — not a curated comp set.
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2017 ₾0 · FY2018 ₾0 · FY2019 ₾0
Ownership & directors from companyinfo.ge (public corporate registry).