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Operates in Industrial Goods — Plastics & Rubber. Per the activity note to the FY2023 annual report, the company manufactures and sells plastic sheets, films, pipes and profiles. As of 1 January 2023, ownership is 90% Davit Kapanadze and 10% Beka Bakradze.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 15.6% | 23.0% | 8.5% | 12.7% | 21.8% |
| EBITDA Margin | 11.8% | 16.3% | -6.7% | 7.6% | -9.8% |
| EBITDAR | 234 | 928 | -391 | 232 | -83 |
| EBITDAR Margin | 11.8% | 16.3% | -6.7% | 7.6% | -9.8% |
| EBIT Margin | 11.7% | 16.1% | -14.1% | 2.1% | -29.5% |
| Net Profit Margin | 7.2% | 5.4% | -6.8% | -10.6% | -72.5% |
| Operating Expense % of Sales | 3.8% | 6.7% | 15.1% | 5.1% | 31.6% |
| Returns | |||||
| Return on Assets (ROA) | 3.8% | 5.9% | -7.4% | -5.6% | -14.4% |
| Return on Equity (ROE) | 111.9% | 66.0% | -604.5% | -52.7% | N/A |
| ROIC [EBIT / Invested Capital] | 9.9% | 34.5% | -22.6% | 1.5% | -7.2% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 60.7% | 70.5% | 72.6% | 63.8% | 81.2% |
| Debt-to-Equity | 18.09x | 7.87x | 58.95x | 6.03x | -1029.88x |
| Debt-to-EBITDA | 9.90x | 3.96x | N/A | 15.94x | N/A |
| Equity-to-Assets | 3.4% | 9.0% | 1.2% | 10.6% | -0.1% |
| Net Debt | 2,219 | 2,184 | 3,579 | 3,648 | 3,483 |
| Cash & Equivalents | 94 | 1,491 | 331 | 56 | 0 |
| Total Debt | 2,314 | 3,675 | 3,910 | 3,704 | 3,483 |
| Liquidity & working capital | |||||
| Current Ratio | 0.66x | 0.75x | 0.57x | 0.53x | 0.53x |
| Quick Ratio | 0.52x | 0.67x | 0.57x | 0.53x | 0.53x |
| Cash Ratio | 0.04x | 0.44x | 0.06x | 0.01x | 0.00x |
| Total Current Assets | 1,488 | 2,531 | 3,043 | 2,754 | 2,267 |
| Total Current Liabilities | 2,264 | 3,375 | 5,316 | 5,189 | 4,291 |
| Inventory | 306 | 276 | N/A | N/A | N/A |
| Trade Receivables | 928 | 764 | 1,450 | 2,112 | 328 |
| Trade Payables | 1,323 | 962 | 1,292 | 1,370 | 685 |
| Net Working Capital | -775 | -844 | -2,273 | -2,434 | -2,024 |
| Net Working Capital % of Revenue | -39.2% | -14.8% | -38.7% | -80.0% | -238.0% |
| Trade Working Capital | -89 | 78 | 158 | 743 | -356 |
| Trade Working Capital % of Revenue | -4.5% | 1.4% | 2.7% | 24.4% | -41.9% |
| Change in Trade Working Capital | N/A | 167 | 80 | 585 | -1,099 |
| Turnover & efficiency | |||||
| Inventory Turnover | 5.46x | 15.89x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 66.8 | 23.0 | N/A | N/A | N/A |
| Receivables Turnover | 2.13x | 7.45x | 4.05x | 1.44x | 2.59x |
| Days Sales Outstanding (DSO) | 171.3 | 49.0 | 90.2 | 253.3 | 140.9 |
| Payables Turnover | 1.26x | 4.56x | 4.16x | 1.94x | 0.97x |
| Days Payable Outstanding (DPO) | 289.4 | 80.1 | 87.8 | 188.2 | 375.9 |
| Cash Conversion Cycle | -51.2 days | -8.1 days | 2.4 days | 65.1 days | -235.1 days |
| Asset Turnover | 0.52x | 1.09x | 1.09x | 0.52x | 0.20x |
| Cash flow & dividends | |||||
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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