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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Industrial Goods — Plastics & Rubber. Per the activity note to the FY2024 annual report, the company manufactures and sells fiberglass reinforced plastic fittings. Founded 26 December 2005.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 43.3% | 43.5% | 41.5% | 41.0% | 39.4% | 29.9% | 35.0% |
| EBITDA Margin | 25.8% | 24.7% | 21.4% | 30.6% | 28.2% | 8.9% | 12.0% |
| EBITDAR | 532 | 572 | 389 | 1,243 | 1,015 | 192 | 220 |
| EBITDAR Margin | 25.8% | 24.7% | 21.4% | 30.6% | 28.2% | 8.9% | 12.0% |
| EBIT Margin | 24.7% | 23.6% | 19.7% | 29.8% | 27.2% | 7.0% | 10.0% |
| Net Profit Margin | 22.5% | 20.4% | 4.1% | 23.4% | 18.4% | -3.8% | 3.5% |
| Operating Expense % of Sales | 17.4% | 18.8% | 20.1% | 10.5% | 11.1% | 21.0% | 23.1% |
| Returns | |||||||
| Return on Assets (ROA) | 32.0% | 23.9% | 4.2% | 35.7% | 31.8% | -5.6% | 3.4% |
| Return on Equity (ROE) | 84.1% | 57.0% | 13.2% | 99.4% | 62.8% | -17.2% | 19.9% |
| ROIC [EBIT / Invested Capital] | 71.8% | 67.6% | 41.1% | 61.1% | 61.0% | 14.6% | 21.2% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 45.1% | 39.4% | 52.4% | 53.5% | 35.4% | 41.9% | 44.5% |
| Debt-to-Equity | 1.18x | 0.94x | 1.65x | 1.49x | 0.70x | 1.28x | 2.64x |
| Debt-to-EBITDA | 1.23x | 1.36x | 2.37x | 1.15x | 0.73x | 3.18x | 3.88x |
| Equity-to-Assets | 38.1% | 41.9% | 31.8% | 35.9% | 50.6% | 32.6% | 16.9% |
| Net Debt | 159 | -20 | 311 | 1,030 | 553 | 554 | 546 |
| Cash & Equivalents | 495 | 801 | 610 | 394 | 185 | 55 | 307 |
| Total Debt | 654 | 780 | 922 | 1,424 | 738 | 609 | 853 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.00x | 0.03x | 0.00x | 0.01x | 0.01x | 1.66x | 0.01x |
| Quick Ratio | 0.00x | -0.25x | -0.28x | 0.01x | 0.01x | 1.66x | 0.01x |
| Cash Ratio | 0.56x | 0.70x | 0.51x | 0.23x | 0.18x | 6.30x | 0.19x |
| Total Current Assets | 0 | 34 | 1 | 22 | 9 | 15 | 18 |
| Total Current Liabilities | 888 | 1,148 | 1,200 | 1,707 | 1,030 | 9 | 1,592 |
| Inventory | N/A | 317 | 338 | N/A | N/A | N/A | N/A |
| Trade Receivables | 197 | 285 | 237 | 824 | 352 | 387 | 499 |
| Trade Payables | 233 | 368 | 278 | 283 | 292 | 370 | 739 |
| Net Working Capital | -888 | -1,115 | -1,199 | -1,685 | -1,021 | 6 | -1,574 |
| Net Working Capital % of Revenue | -43.0% | -48.0% | -66.1% | -41.5% | -28.4% | 0.3% | -85.6% |
| Trade Working Capital | -35 | 234 | 297 | 541 | 60 | 18 | -240 |
| Trade Working Capital % of Revenue | -1.7% | 10.1% | 16.4% | 13.3% | 1.7% | 0.8% | -13.1% |
| Change in Trade Working Capital | N/A | 269 | 63 | 244 | -480 | -43 | -258 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 4.13x | 3.14x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 88.3 | 116.4 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 10.46x | 8.16x | 7.66x | 4.93x | 10.20x | 5.58x | 3.69x |
| Days Sales Outstanding (DSO) | 34.9 | 44.8 | 47.6 | 74.0 | 35.8 | 65.4 | 99.0 |
| Payables Turnover | 5.03x | 3.56x | 3.81x | 8.46x | 7.47x | 4.10x | 1.62x |
| Days Payable Outstanding (DPO) | 72.6 | 102.4 | 95.8 | 43.1 | 48.9 | 89.1 | 225.6 |
| Cash Conversion Cycle | -37.7 days | 30.6 days | 68.3 days | 30.9 days | -13.1 days | -23.7 days | -126.7 days |
| Asset Turnover | 1.42x | 1.17x | 1.03x | 1.53x | 1.73x | 1.49x | 0.96x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 359 | 306 | 2,878 | 2,171 | 3,831 | 2,675 | 2,396 |
| Free Cash Flow (OCF − Capex proxy) | 353 | 306 | 2,878 | 2,171 | 3,831 | 2,675 | 2,396 |
| Cash Conversion (OCF / EBITDA) | 67.5% | 53.4% | 739.8% | 174.7% | 377.4% | 1396.1% | 1089.7% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. 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.
Ownership & directors from companyinfo.ge (public corporate registry).
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