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Operates in Construction — Infrastructure & Roads. Per the activity note to the FY2024 annual report, the company builds infrastructure projects including water, sewage and drinking water engineering objects.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 78.8% | 85.5% | 78.4% | 76.4% | 99.5% | 96.6% | 11.5% |
| EBITDA Margin | 20.5% | 21.3% | 41.9% | 38.0% | -25.6% | 15.0% | 7.3% |
| EBITDAR | 1,688 | 5,052 | 10,729 | 2,365 | -1,764 | 4,423 | 791 |
| EBITDAR Margin | 27.8% | 29.9% | 50.0% | 48.1% | -25.2% | 15.0% | 7.4% |
| EBIT Margin | 18.8% | 20.4% | 41.3% | 35.5% | -26.9% | 14.7% | 6.6% |
| Net Profit Margin | 7.7% | 17.3% | 28.6% | 28.7% | -33.8% | 5.9% | 5.5% |
| Operating Expense % of Sales | 58.3% | 64.2% | 36.4% | 38.5% | 125.1% | 81.6% | 4.3% |
| Returns | |||||||
| Return on Assets (ROA) | 12.7% | 83.5% | 113.4% | 47.5% | -38.5% | 19.7% | 7.9% |
| Return on Equity (ROE) | 21.4% | 516.7% | 167.1% | 68.2% | N/A | 67.4% | 18.5% |
| ROIC [EBIT / Invested Capital] | 52.4% | 616.2% | 338.2% | 96.7% | N/A | 178.9% | 23.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | -0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | N/A | 0.00x | 0.00x |
| Equity-to-Assets | 59.1% | 16.2% | 67.8% | 69.6% | -28.3% | 29.3% | 42.6% |
| Net Debt | N/A | -8 | -1,059 | -266 | -729 | -174 | -174 |
| Cash & Equivalents | N/A | 8 | 1,076 | 266 | 729 | 174 | 174 |
| Total Debt | N/A | N/A | 17 | N/A | N/A | N/A | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 1.74x | 0.65x | 2.38x | 2.73x | 0.70x | 1.36x | 2.08x |
| Quick Ratio | 1.74x | 0.48x | 2.02x | 2.73x | 0.70x | 1.36x | 2.08x |
| Cash Ratio | 0.00x | 0.00x | 0.62x | 0.29x | 0.09x | 0.03x | 0.05x |
| Total Current Assets | 2,348 | 1,838 | 4,159 | 2,469 | 5,501 | 8,532 | 7,116 |
| Total Current Liabilities | 1,349 | 2,831 | 1,746 | 905 | 7,888 | 6,272 | 3,429 |
| Inventory | N/A | 488 | 639 | N/A | N/A | N/A | N/A |
| Trade Receivables | 2,294 | 1,803 | 2,942 | 1,906 | 3,672 | 7,214 | 6,501 |
| Trade Payables | 1,349 | 2,831 | 1,246 | 905 | 1,028 | 5,963 | 4,292 |
| Net Working Capital | 1,000 | -992 | 2,414 | 1,564 | -2,387 | 2,260 | 3,687 |
| Net Working Capital % of Revenue | 16.4% | -5.9% | 11.2% | 31.8% | -34.1% | 7.7% | 34.4% |
| Trade Working Capital | 945 | -540 | 2,335 | 1,001 | 2,644 | 1,251 | 2,209 |
| Trade Working Capital % of Revenue | 15.5% | -3.2% | 10.9% | 20.3% | 37.8% | 4.2% | 20.6% |
| Change in Trade Working Capital | N/A | -1,485 | 2,874 | -1,334 | 1,643 | -1,393 | 958 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 5.01x | 7.28x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 72.8 | 50.2 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 2.65x | 9.36x | 7.30x | 2.58x | 1.91x | 4.08x | 1.65x |
| Days Sales Outstanding (DSO) | 137.7 | 39.0 | 50.0 | 141.4 | 191.4 | 89.5 | 221.1 |
| Payables Turnover | 0.96x | 0.86x | 3.73x | 1.28x | 0.04x | 0.17x | 2.21x |
| Days Payable Outstanding (DPO) | 381.9 | 422.2 | 97.9 | 284.8 | 10131.9 | 2163.7 | 165.0 |
| Cash Conversion Cycle | -244.2 days | -310.4 days | 2.3 days | -143.4 days | -9940.6 days | -2074.2 days | 56.2 days |
| Asset Turnover | 1.65x | 4.82x | 3.96x | 1.65x | 1.14x | 3.32x | 1.44x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 11 | 41 | 1,058 | -793 | 480 | -545 | -8 |
| Free Cash Flow (OCF − Capex proxy) | 11 | 41 | 1,058 | -793 | 480 | -545 | -8 |
| Cash Conversion (OCF / EBITDA) | 0.9% | 1.1% | 11.8% | -42.4% | N/A | -12.3% | -1.0% |
| 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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