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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Operates in Construction. Per the activity note to the FY2024 annual report, the company constructs various types of linear structures and related works.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 19.9% | 23.5% | 28.5% | 26.7% | 22.5% | 15.2% | 11.5% | 21.6% |
| EBITDA Margin | 11.7% | 4.1% | 3.0% | 8.6% | 2.9% | 1.3% | -9.3% | -11.8% |
| EBITDAR | 4,171 | 2,118 | 2,651 | 2,564 | 1,418 | 1,094 | -1,347 | -2,161 |
| EBITDAR Margin | 16.9% | 11.3% | 11.9% | 12.5% | 6.9% | 4.8% | -5.8% | -8.7% |
| EBIT Margin | 11.7% | 4.1% | 3.0% | 8.6% | 2.5% | 1.0% | -9.6% | -11.9% |
| Net Profit Margin | 5.0% | 4.1% | 2.6% | 8.1% | 2.6% | 0.9% | -9.2% | -11.7% |
| Operating Expense % of Sales | 8.1% | 19.4% | 25.5% | 18.1% | 19.6% | 13.9% | 20.8% | 33.3% |
| Returns | ||||||||
| Return on Assets (ROA) | 24.5% | 13.8% | 10.3% | 21.1% | 6.1% | 2.2% | -28.5% | -82.3% |
| Return on Equity (ROE) | 39.6% | 19.9% | 12.8% | 23.0% | 6.9% | 2.6% | -37.5% | -104.1% |
| ROIC [EBIT / Invested Capital] | 104.0% | 16.5% | 13.6% | 24.9% | 6.8% | 3.0% | -39.8% | -111.3% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 25.8% | 16.6% | 9.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.42x | 0.24x | 0.11x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.45x | 1.21x | 0.77x | 0.00x | 0.00x | 0.00x | N/A | N/A |
| Equity-to-Assets | 61.9% | 69.1% | 80.0% | 91.5% | 88.0% | 87.9% | 76.1% | 79.1% |
| Net Debt | -315 | 791 | 415 | -83 | -55 | -82 | -90 | -139 |
| Cash & Equivalents | 1,610 | 139 | 92 | 83 | 55 | 82 | 90 | 139 |
| Total Debt | 1,294 | 930 | 508 | N/A | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 4.19x | 3.88x | 4.19x | 9.12x | 6.80x | 6.86x | 4.19x | 4.79x |
| Quick Ratio | 3.24x | 3.19x | 3.49x | 8.26x | 6.22x | 6.24x | 3.81x | 4.15x |
| Cash Ratio | 1.64x | 0.11x | 0.08x | 0.13x | 0.05x | 0.08x | 0.05x | 0.19x |
| Total Current Assets | 4,107 | 4,756 | 4,636 | 6,040 | 7,118 | 7,431 | 7,546 | 3,559 |
| Total Current Liabilities | 981 | 1,224 | 1,107 | 663 | 1,047 | 1,083 | 1,800 | 744 |
| Inventory | 929 | 857 | 776 | 568 | 600 | 676 | 694 | 473 |
| Trade Receivables | 1,347 | 3,546 | 3,691 | 5,318 | 6,463 | 6,482 | 5,198 | 1,514 |
| Trade Payables | 577 | 323 | 255 | 220 | 279 | 208 | 307 | 142 |
| Net Working Capital | 3,126 | 3,532 | 3,529 | 5,378 | 6,070 | 6,348 | 5,746 | 2,816 |
| Net Working Capital % of Revenue | 12.6% | 18.8% | 15.9% | 26.2% | 29.7% | 27.9% | 24.5% | 11.3% |
| Trade Working Capital | 1,699 | 4,079 | 4,212 | 5,667 | 6,784 | 6,950 | 5,585 | 1,845 |
| Trade Working Capital % of Revenue | 6.9% | 21.7% | 19.0% | 27.6% | 33.2% | 30.5% | 23.9% | 7.4% |
| Change in Trade Working Capital | N/A | 2,380 | 133 | 1,455 | 1,118 | 165 | -1,365 | -3,740 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 21.35x | 16.77x | 20.46x | 26.46x | 26.42x | 28.62x | 29.84x | 41.42x |
| Days Inventory Outstanding (DIO) | 17.1 | 21.8 | 17.8 | 13.8 | 13.8 | 12.8 | 12.2 | 8.8 |
| Receivables Turnover | 18.38x | 5.30x | 6.01x | 3.86x | 3.16x | 3.52x | 4.50x | 16.51x |
| Days Sales Outstanding (DSO) | 19.9 | 68.9 | 60.7 | 94.6 | 115.4 | 103.8 | 81.1 | 22.1 |
| Payables Turnover | 34.36x | 44.45x | 62.34x | 68.42x | 56.87x | 93.09x | 67.48x | 137.84x |
| Days Payable Outstanding (DPO) | 10.6 | 8.2 | 5.9 | 5.3 | 6.4 | 3.9 | 5.4 | 2.6 |
| Cash Conversion Cycle | 26.3 days | 82.5 days | 72.7 days | 103.1 days | 122.8 days | 112.6 days | 87.9 days | 28.3 days |
| Asset Turnover | 4.93x | 3.36x | 4.00x | 2.62x | 2.34x | 2.54x | 3.10x | 7.02x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 1,864 | -573 | 863 | 721 | 120 | 231 | 193 | 169 |
| Free Cash Flow (OCF − Capex proxy) | 1,864 | -1,107 | 372 | 498 | -28 | 27 | 6 | 49 |
| Cash Conversion (OCF / EBITDA) | 64.2% | -74.3% | 130.5% | 40.7% | 20.0% | 80.3% | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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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