E 
Estithmar Holding QPSC IGRD.QA · QAR
Industrials · Construction & Engineering · Qatar Stock Exchange · 🇶🇦 Qatar
4.00
—
Close of 9 Nov 2026, in QAR
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At a glance
Figures in QAR, from our data supplier.
Revenue
QAR 4.22bn
FY2015FY2024
Net income
QAR 404.3m
FY2015FY2024
Free cash flow
−QAR 799.5m
FY2015FY2024
Shareholders' equity
QAR 5.20bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | QAR 4.22bn | QAR 2.92bn | QAR 4.24bn | QAR 363.8m | QAR 321.3m | QAR 443.5m | QAR 426.3m | QAR 469.2m | QAR 447.7m | QAR 561.6m |
| Operating income | QAR 574.7m | QAR 496.5m | QAR 417.8m | QAR 26.9m | QAR 29.3m | QAR 57.9m | QAR 41.2m | QAR 74.4m | QAR 89.1m | QAR 101.4m |
| Net income | QAR 404.3m | QAR 347.8m | QAR 338.2m | QAR 26.3m | QAR 23.4m | QAR 55.1m | QAR 58.4m | QAR 40.7m | QAR 102.6m | QAR 109.4m |
| Diluted earnings per share | 0.11 | 0.09 | 0.10 | 0.03 | 0.03 | 0.07 | 0.07 | 0.05 | 0.11 | 0.11 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | QAR 11.30bn | QAR 9.02bn | QAR 8.73bn | QAR 3.14bn | QAR 1.37bn | QAR 1.42bn | QAR 1.37bn | QAR 1.40bn | QAR 1.05bn | — |
| Cash and short-term investments | QAR 346.0m | QAR 192.7m | QAR 167.5m | QAR 41.4m | QAR 39.9m | QAR 63.9m | QAR 80.0m | QAR 136.9m | QAR 122.5m | — |
| Total liabilities | QAR 6.10bn | QAR 4.21bn | QAR 4.26bn | QAR 2.38bn | QAR 541.6m | QAR 619.2m | QAR 621.4m | QAR 528.1m | QAR 761.7m | — |
| Debt | QAR 3.73bn | QAR 2.46bn | QAR 2.10bn | QAR 1.00bn | QAR 352.5m | QAR 346.0m | QAR 300.0m | QAR 198.7m | QAR 173.3m | — |
| Shareholders' equity | QAR 5.20bn | QAR 4.81bn | QAR 4.47bn | QAR 763.6m | QAR 832.5m | QAR 796.1m | QAR 748.7m | QAR 869.7m | QAR 292.7m | — |
| Shares outstanding | 3,744m | 3,744m | 3,492m | 913m | 913m | 913m | 913m | 913m | 913m | 913m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | QAR 32.0m | QAR 189.0m | QAR 493.3m | QAR 12.5m | −QAR 32.0m | −QAR 21.4m | QAR 42.8m | QAR 20.3m | QAR 115.6m | QAR 59.7m |
| Capital spending | −QAR 831.5m | −QAR 290.2m | −QAR 1.26bn | −QAR 4.1m | −QAR 748,500 | −QAR 1.4m | −QAR 7.9m | −QAR 2.9m | −QAR 9.1m | −QAR 11.8m |
| Free cash flow | −QAR 799.5m | −QAR 101.3m | −QAR 769.7m | QAR 8.4m | −QAR 32.8m | −QAR 22.8m | QAR 34.9m | QAR 17.4m | QAR 106.5m | QAR 47.9m |
| Dividends paid | — | — | — | −QAR 1.3m | −QAR 362,300 | −QAR 20.2m | −QAR 20.5m | −QAR 21.9m | −QAR 17.5m | −QAR 126.9m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | QAR 1.83bn | QAR 1.76bn | QAR 1.31bn | QAR 1.26bn | QAR 1.31bn | QAR 850.1m | QAR 796.6m | QAR 690.0m |
| Operating income | QAR 331.7m | QAR 406.8m | QAR 221.8m | QAR 123.9m | QAR 155.1m | QAR 152.7m | QAR 143.0m | QAR 93.9m |
| Net income | QAR 240.3m | QAR 312.6m | QAR 174.8m | QAR 68.6m | QAR 114.7m | QAR 109.4m | QAR 111.7m | QAR 45.1m |
| Diluted earnings per share | 0.06 | 0.08 | 0.05 | 0.02 | 0.03 | 0.03 | 0.03 | 0.01 |
| Total assets | QAR 13.05bn | QAR 12.23bn | QAR 11.94bn | QAR 11.30bn | QAR 10.51bn | QAR 9.93bn | QAR 9.45bn | QAR 9.02bn |
| Cash and short-term investments | QAR 369.7m | QAR 210.8m | QAR 530.3m | QAR 346.0m | QAR 356.7m | QAR 284.0m | QAR 160.3m | QAR 192.7m |
| Debt | QAR 3.70bn | QAR 3.45bn | QAR 3.35bn | QAR 3.19bn | QAR 2.48bn | QAR 2.07bn | QAR 1.89bn | QAR 1.78bn |
| Shareholders' equity | QAR 5.93bn | QAR 5.69bn | QAR 5.38bn | QAR 5.20bn | QAR 5.14bn | QAR 5.03bn | QAR 4.92bn | QAR 4.81bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 126.3% | 56.9% | 24.2% |
| Operating income | 177.3% | 58.3% | 23.5% |
| Net income | 148.6% | 49.0% | 26.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.0% | 12.9% | 12.8% | 13.3% |
| Net margin | 10.5% | 9.5% | 9.6% | 10.4% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.7 | 20.5 | 16.9 | 38.8 | 21.3 | 8.5 | 7.0 | 12.4 |
| Price to sales | 1.5 | 2.4 | 1.4 | 2.8 | 1.6 | 1.1 | 0.9 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Apr 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.019 | 0.019 | 0.027 |
- 11-for-10 split · 13 Mar 2025
- 10-for-1 split · 24 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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