PT Multi Makmur Lemindo Tbk

The company maintains a strong liquidity position with a current ratio of 2.81, indicating sufficient short-term assets to cover liabilities. However, its free cash flow is negative at -8.89 billion IDR, and capital expenditures are substantial at -11.17 billion IDR, suggesting ongoing investment in operations [doc:HA-latest]. The debt-to-equity ratio is low at 0.13, reflecting a conservative capital structure [doc:HA-latest]. Profitability metrics are modest, with a return on equity of 0.21% and a return on assets of 0.18%. These figures are below the typical thresholds for industry leaders, indicating limited efficiency in generating returns from equity and total assets [doc:HA-latest]. Gross profit of 10.8 billion IDR and operating income of 961.67 million IDR suggest the company is capturing value in its supply chain, but net income of 313.28 million IDR is relatively low given the scale of operations [doc:HA-latest]. The company's revenue is concentrated in Indonesia, with no disclosed international operations. It serves multiple sectors, including property, manufacturing, agriculture, and infrastructure, with a notable presence in government-owned toll road projects in Java and Sumatra [doc:HA-latest]. No specific segment breakdown is provided, but the primary focus is on PVC and HDPE pipe products [doc:HA-latest]. The company's revenue growth trajectory is not explicitly provided, but the negative free cash flow and high capital expenditures suggest a phase of expansion or modernization. The outlook for the current fiscal year is not specified, but the company's operations are likely influenced by domestic infrastructure demand and economic conditions in Indonesia [doc:HA-latest]. Risk factors include medium liquidity risk due to negative net cash after subtracting total debt. The dilution risk is assessed as low, with no near-term pressure expected. The company has not disclosed any recent equity issuance or dilutive events, and the number of shares outstanding remains unchanged between basic and diluted measures [doc:HA-latest]. No recent events such as filings or transcripts are provided in the input data. The company's operations and financials are based on the latest available financial snapshot, with no additional commentary on recent developments [doc:HA-latest].