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ID 241997158 · FY 2016–2017 · 2 years
Producer of the Nabeghlavi and Bakhmaro mineral waters, extracted and bottled at Nabeghlavi in the Chokhatauri district of Guria; also produces soft drinks, juices and iced teas, and has held a licence to bottle under the Rauch trademark since January 2016. Exports to 33 countries, the largest being Kazakhstan, Belarus, Russia, Ukraine, Turkey, the USA and Lithuania. Wholly owned by Margebeli JSC; consolidates three foreign distribution subsidiaries (Lithuania, Kazakhstan, Russia). Filed FY2017 on reportal.ge and has not published since.
curated 2026-08-03reportal.ge
Bars are revenue on the left axis; lines are EBITDA and net margin on the right.
| Ratio | 2016 | 2017 |
|---|---|---|
| Margins | ||
| Gross Margin | 53.9% | 50.9% |
| EBITDA Margin | 34.4% | 28.7% |
| EBITDAR | 12,313 | 12,064 |
| EBITDAR Margin | 34.4% | 28.7% |
| EBIT Margin | 29.9% | 19.9% |
| Net Profit Margin | 25.2% | 12.6% |
| Operating Expense % of Sales | 20.5% | 23.5% |
| Returns | ||
| Return on Assets (ROA) | 8.1% | 4.2% |
| Return on Equity (ROE) | 14.6% | 7.9% |
| ROIC [EBIT / Invested Capital] | 10.9% | 7.8% |
| Leverage & liquidity | ||
| Debt-to-Assets | 37.7% | 35.5% |
| Debt-to-Equity | 0.68x | 0.67x |
| Debt-to-EBITDA | 3.42x | 3.71x |
| Equity-to-Assets | 55.3% | 53.1% |
| Net Debt | 36,764 | 40,088 |
| Cash & Equivalents | 5,326 | 4,613 |
| Total Debt | 42,090 | 44,701 |
| Liquidity & working capital | ||
| Current Ratio | 0.93x | 0.84x |
| Quick Ratio | 0.80x | 0.50x |
| Cash Ratio | 0.24x | 0.18x |
| Total Current Assets | 20,464 | 21,119 |
| Total Current Liabilities | 21,932 | 25,169 |
| Inventory | 2,954 | 8,548 |
| Trade Receivables | 5,789 | 7,958 |
| Trade Payables | 7,780 | 13,654 |
| Net Working Capital | -1,468 | -4,050 |
| Net Working Capital % of Revenue | -4.1% | -9.6% |
| Trade Working Capital | 963 | 2,852 |
| Trade Working Capital % of Revenue | 2.7% | 6.8% |
| Change in Trade Working Capital | N/A | 1,889 |
| Turnover & efficiency | ||
| Inventory Turnover | 5.59x | 2.42x |
| Days Inventory Outstanding (DIO) | 65.3 | 151.1 |
| Receivables Turnover | 6.18x | 5.28x |
| Days Sales Outstanding (DSO) | 59.1 | 69.1 |
| Payables Turnover | 2.12x | 1.51x |
| Days Payable Outstanding (DPO) | 172.0 | 241.3 |
| Cash Conversion Cycle | -47.7 days | -21.1 days |
| Asset Turnover | 0.32x | 0.33x |
| Cash flow & dividends | ||
| Operating Cash Flow | 10,819 | 8,002 |
| Free Cash Flow (OCF − Capex proxy) | -49,319 | -7,464 |
| Cash Conversion (OCF / EBITDA) | 87.9% | 66.3% |
| Dividends Declared | N/A | N/A |
| Dividend Payout Ratio | N/A | 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.
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).