Valuation Ratios

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Price to Earnings 0.19 0.22 0.21 0.39
Price to Sales 0.03 0.04 0.04 0.04
Book Value Per Common Share 400.71 336.94 278.04 229.61
Price to Book 0.03 0.04 0.04 0.05
Price to Operating Cash Flow 0.24 0.27 0.16 0.33
Price to Free Cash Flow 0.91 0.68 0.24 1.02
Enterprise Value to EBITDA 1135.09 1380.73 1270.23 2051.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 0.81 0.88 0.69 0.93 1.05
Price to Sales 0.13 0.15 0.13 0.16 0.17
Book Value Per Common Share 430.61 420.56 400.71 381.36 366.54
Price to Book 0.03 0.04 0.03 0.04 0.04
Price to Operating Cash Flow 0.75 0.85 0.50 1.99 1.42
Price to Free Cash Flow 2.14 2.79 1.02 -5.98 9.41
Enterprise Value to EBITDA 4787.49 5076.18 4343.34 5417.92 5538.16

Earnings Data

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Earning YoY 1.26 23.48 91.07
Revenue YoY 16.61 13.54 14.69
EBITDA YoY 9.33 18.80 65.11
Net Profit YoY 1.54 23.56 91.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 1.29 -10.88 12.74 12.54
Revenue YoY 3.04 0.46 1.76 4.27
EBITDA YoY -1.36 -2.46 4.06 1.59
Net Profit YoY 1.37 -11.04 12.77 12.59

Financial Strength

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Cash Per Common Share 69.52 97.92 74.44 53.49
Quick Ratio 1.29 1.84 1.69 1.33
Current Ratio 1.92 2.58 2.38 1.93
Debt to Equity 0.46 0.38 0.39 0.54
Long-Term Debt to Equity 0.08 0.04 0.02 0.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 83.84 80.15 69.49 71.02 75.72
Quick Ratio 1.26 1.28 1.29 1.29 1.28
Current Ratio 1.85 1.89 1.92 1.92 1.92
Debt to Equity 0.50 0.47 0.46 0.50 0.51
Long-Term Debt to Equity 0.08 0.07 0.08 0.09 0.09

Profitability

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
ROA 11.47 14.37 14.00 8.05
ROE 16.77 19.85 19.51 12.37
Gross Margin 58.50 58.61 56.67 53.10
Operating Margin 24.46 26.36 25.13 15.51
EBITDA Margin 29.70 31.67 30.27 21.03
Net Profit Margin 17.37 19.95 18.33 10.99
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 2.65 2.73 3.23 2.94 2.69
ROE 3.97 4.01 4.73 4.40 4.06
Gross Margin 54.67 56.91 55.56 58.68 59.59
Operating Margin 21.87 23.26 24.35 23.40 24.85
EBITDA Margin 27.61 28.84 29.70 29.05 29.81
Net Profit Margin 16.32 16.59 18.74 16.91 15.66

Dividends

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Dividend Yield 0.01 0.01 0.01 0.00
Dividend Payout Ratio 11.78 11.94 11.05 17.59
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.01 0.01
Dividend Payout Ratio 46.33 53.07

Financial Statements

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Assets 492,989,000.00 387,518,000.00 321,854,000.00 292,827,000.00
   Current Assets 250,112,000.00 248,049,000.00 204,253,000.00 181,856,000.00
      Cash and Short-Term Investments 57,908,000.00 81,470,000.00 61,797,000.00 44,365,000.00
            Cash and Cash Equivalents 14,654,000.00 7,107,000.00 5,779,000.00 14,852,000.00
            Short-Term Investments 43,254,000.00 74,363,000.00 56,018,000.00 29,513,000.00
      Net Receivables 109,792,000.00 95,338,000.00 83,203,000.00 80,270,000.00
      Inventory 71,085,000.00 63,552,000.00 48,670,000.00 50,884,000.00
      Other Current Assets 11,327,000.00 7,689,000.00 10,583,000.00 6,337,000.00
   Non-Current Assets 242,877,000.00 139,469,000.00 117,601,000.00 110,971,000.00
      Property, Plant, Equipment Net 97,761,000.00 76,886,000.00 66,462,000.00 62,169,000.00
      Goodwill 11,810,000.00 4,253,000.00 4,245,000.00 4,418,000.00
      Intangible Assets 96,803,000.00 36,951,000.00 30,849,000.00 27,246,000.00
      Long-Term Investments 15,202,000.00 5,255,000.00 5,362,000.00 7,986,000.00
      Non-Current Deferred Assets 18,508,000.00 10,774,000.00 7,196,000.00 8,204,000.00
      Other Non-Current Assets 2,793,000.00 5,350,000.00 3,487,000.00 948,000.00
Liabilities 155,823,000.00 106,968,000.00 90,863,000.00 102,300,000.00
   Current Liabilities 130,392,000.00 96,039,000.00 85,845,000.00 94,015,000.00
      Payables and Expenses 75,984,000.00 69,157,000.00 62,477,000.00 56,579,000.00
            Account Payables 20,053,000.00 21,547,000.00 17,857,000.00 15,971,000.00
            Current Accrued Liabilities 25,135,000.00 24,783,000.00 21,844,000.00 20,055,000.00
      Short-Term Debt 38,902,000.00 14,030,000.00 12,194,000.00 28,099,000.00
      Other Current Liabilities 15,506,000.00 12,852,000.00 11,174,000.00 9,337,000.00
   Non-Current Liabilities 25,431,000.00 10,929,000.00 5,018,000.00 8,285,000.00
      Long-Term Debt 7,864,000.00 5,990,000.00 1,278,000.00 5,746,000.00
      Other Non-Current Liabilities 17,567,000.00 4,939,000.00 3,740,000.00 2,539,000.00
Equity 337,166,000.00 280,550,000.00 230,991,000.00 190,527,000.00
   Shareholders Equity 333,388,000.00 280,550,000.00 230,991,000.00 190,527,000.00
      Capital Stock 834,000.00 834,000.00 833,000.00 832,000.00
      Share Premium 11,306,000.00 10,938,000.00 10,241,000.00 9,757,000.00
      Retained Earnings 315,793,000.00 265,257,000.00 215,593,000.00 175,712,000.00
      Treasury Shares 2,264,000.00 991,000.00 1,269,000.00 1,601,000.00
      Accumulated Other Comprehensive Income 3,979,000.00 653,000.00 886,000.00 755,000.00
   Minority Interest 3,778,000.00 0 0 0
Debt 46,766,000.00 20,020,000.00 13,472,000.00 33,845,000.00
Net Debt 27,191,000.00 9,416,000.00 5,411,000.00 16,030,000.00
Common Shares Outstanding 832,003.10 832,642.38 830,783.66 829,786.89
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Revenues 325,535,000.00 279,164,000.00 245,879,000.00 214,391,000.00
Cost Of Revenue 135,107,000.00 115,557,000.00 106,536,000.00 100,551,000.00
Interest Income 2,677,000.00 2,278,000.00 1,180,000.00 965,000.00
Interest Expense 2,829,000.00 1,711,000.00 1,428,000.00 958,000.00
Non-Interest Expense 93,870,000.00 77,201,000.00 68,026,000.00 62,081,000.00
Gross Profit 190,428,000.00 163,607,000.00 139,343,000.00 113,840,000.00
Operating Expenses 118,414,000.00 98,299,000.00 80,289,000.00 77,921,000.00
   Selling, General and Administrative Expenses 93,870,000.00 77,201,000.00 68,026,000.00 62,081,000.00
   Research and Development Expenses 27,380,000.00 22,873,000.00 19,381,000.00 17,482,000.00
   Other Operating Expenses -2,836,000.00 -1,775,000.00 -7,118,000.00 -1,642,000.00
Operating Income 72,014,000.00 65,308,000.00 59,054,000.00 35,919,000.00
EBT 76,784,000.00 71,870,000.00 60,367,000.00 32,298,000.00
Income Tax 19,539,000.00 16,186,000.00 15,300,000.00 8,730,000.00
Net Income Including Non-Controlling Interests 57,245,000.00 55,684,000.00 45,067,000.00 23,568,000.00
Net Income Non-Controlling Interests -701,000.00 0 0 0
Net Income 56,544,000.00 55,684,000.00 45,067,000.00 23,568,000.00
EBIT 79,613,000.00 73,581,000.00 61,795,000.00 33,256,000.00
Deprecation and Amortization 17,058,000.00 14,841,000.00 12,636,000.00 11,824,000.00
EBITDA 96,671,000.00 88,422,000.00 74,431,000.00 45,080,000.00
EPS 0.07 0.07 0.05 0.03
Diluted EPS 0.07 0.07 0.05 0.03
Average Shares Outstanding Basic 832,979.82 831,976.02 830,165.40 829,391.89
Average Shares Outstanding Diluted 834,208.58 833,542.55 831,912.15 831,674.78
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 46,428,000.00 45,433,000.00 58,875,000.00 28,108,000.00
   Operating Net Income 57,245,000.00 55,684,000.00 45,067,000.00 23,568,000.00
   Deprecation and Amortization 17,058,000.00 14,841,000.00 12,636,000.00 11,824,000.00
   Deferred Income Tax 19,539,000.00 16,186,000.00 15,300,000.00 8,730,000.00
   Share Based Compensation 424,000.00 407,000.00 397,000.00 592,000.00
   Change in Working Capital -29,989,000.00 -20,182,000.00 -7,855,000.00 -18,498,000.00
   Other Operating Activities -17,849,000.00 -21,503,000.00 -6,670,000.00 1,892,000.00
Investing Cash Flow -58,077,000.00 -40,283,000.00 -41,373,000.00 -26,387,000.00
   Capital Expenditure 0 0 -18,866,000.00 -19,049,000.00
   Net Purchase/Sale of PPE -26,992,000.00 -15,339,000.00 -11,241,000.00 -14,290,000.00
   Net Purchase/Sale of Investments Net 25,118,000.00 -15,704,000.00 -23,366,000.00 -11,201,000.00
   Net Purchase/Sale of Business -53,413,000.00 -12,000.00 0 -326,000.00
   Other Investing Activities 0 0 12,100,000.00 18,479,000.00
Financing Cash Flow 18,911,000.00 -3,763,000.00 -26,861,000.00 -2,422,000.00
   Net Issuance/Repayment of Debt 23,196,000.00 4,346,000.00 -20,397,000.00 2,735,000.00
   Net Issuance/Repurchase of Equity -1,196,000.00 805,000.00 368,000.00 334,000.00
   Dividends Paid -6,662,000.00 -6,648,000.00 -4,979,000.00 -4,146,000.00
   Other Financing Activities 3,573,000.00 -2,266,000.00 -1,853,000.00 -1,345,000.00
Net Change in Cash 7,262,000.00 1,387,000.00 -9,359,000.00 -701,000.00
   Cash at Beginning of Period 7,107,000.00 5,779,000.00 14,852,000.00 14,820,000.00
   Cash at End of Period 14,593,000.00 7,107,000.00 5,779,000.00 14,852,000.00
Free Cash Flow 12,030,000.00 17,998,000.00 40,009,000.00 9,059,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 542,005,000.00 519,537,000.00 492,989,000.00 481,059,000.00 465,955,000.00
   Current Assets 279,517,000.00 269,898,000.00 250,112,000.00 253,016,000.00 248,128,000.00
      Cash and Short-Term Investments 69,811,000.00 66,688,000.00 57,908,000.00 59,179,000.00 63,074,000.00
            Cash and Cash Equivalents 9,906,000.00 9,004,000.00 14,654,000.00 12,289,000.00 11,330,000.00
            Short-Term Investments 59,905,000.00 57,684,000.00 43,254,000.00 46,890,000.00 51,744,000.00
      Net Receivables 120,841,000.00 115,443,000.00 109,792,000.00 111,494,000.00 102,840,000.00
      Inventory 75,821,000.00 75,600,000.00 71,085,000.00 71,630,000.00 72,039,000.00
      Other Current Assets 13,044,000.00 12,167,000.00 11,327,000.00 10,713,000.00 10,175,000.00
   Non-Current Assets 262,488,000.00 249,639,000.00 242,877,000.00 228,043,000.00 217,827,000.00
      Property, Plant, Equipment Net 111,981,000.00 102,784,000.00 97,761,000.00 93,053,000.00 86,693,000.00
      Goodwill 12,298,000.00 11,975,000.00 11,810,000.00 11,855,000.00 11,773,000.00
      Intangible Assets 100,942,000.00 95,597,000.00 96,803,000.00 92,925,000.00 92,119,000.00
      Long-Term Investments 9,765,000.00 11,419,000.00 15,202,000.00 9,018,000.00 5,979,000.00
      Non-Current Deferred Assets 22,717,000.00 24,197,000.00 18,508,000.00 18,273,000.00 17,475,000.00
      Other Non-Current Assets 4,785,000.00 3,667,000.00 2,793,000.00 2,919,000.00 3,788,000.00
Liabilities 179,923,000.00 165,782,000.00 155,823,000.00 159,494,000.00 156,672,000.00
   Current Liabilities 150,927,000.00 142,591,000.00 130,392,000.00 131,950,000.00 129,299,000.00
      Payables and Expenses 86,651,000.00 82,650,000.00 75,984,000.00 74,207,000.00 76,818,000.00
            Account Payables 40,248,000.00 37,457,000.00 20,053,000.00 36,022,000.00 35,776,000.00
            Current Accrued Liabilities 27,220,000.00 25,654,000.00 25,135,000.00 24,334,000.00 26,166,000.00
      Short-Term Debt 46,902,000.00 43,548,000.00 38,902,000.00 43,506,000.00 41,179,000.00
      Other Current Liabilities 17,374,000.00 16,393,000.00 15,506,000.00 14,237,000.00 11,302,000.00
   Non-Current Liabilities 28,996,000.00 23,191,000.00 25,431,000.00 27,544,000.00 27,373,000.00
      Long-Term Debt 11,637,000.00 5,096,000.00 7,864,000.00 7,579,000.00 7,361,000.00
      Other Non-Current Liabilities 17,359,000.00 18,095,000.00 17,567,000.00 19,965,000.00 20,012,000.00
Equity 362,082,000.00 353,755,000.00 337,166,000.00 321,565,000.00 309,283,000.00
   Shareholders Equity 358,489,000.00 350,059,000.00 333,388,000.00 317,721,000.00 305,344,000.00
      Capital Stock 835,000.00 835,000.00 834,000.00 834,000.00 834,000.00
      Share Premium 11,483,000.00 11,445,000.00 11,306,000.00 11,282,000.00 11,238,000.00
      Retained Earnings 337,683,000.00 329,971,000.00 315,793,000.00 299,350,000.00 285,180,000.00
      Treasury Shares 1,937,000.00 2,041,000.00 2,264,000.00 891,000.00 915,000.00
      Accumulated Other Comprehensive Income 3,979,000.00 3,979,000.00 3,979,000.00 4,483,000.00 4,520,000.00
   Minority Interest 3,593,000.00 3,696,000.00 3,778,000.00 3,844,000.00 3,939,000.00
Debt 58,539,000.00 48,644,000.00 46,766,000.00 51,085,000.00 48,540,000.00
Net Debt 35,049,000.00 33,177,000.00 27,191,000.00 33,911,000.00 32,491,000.00
Common Shares Outstanding 832,515.33 832,370.85 832,003.10 833,120.98 833,046.16
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 88,051,000.00 85,452,000.00 85,060,000.00 83,586,000.00 80,162,000.00
Cost Of Revenue 39,911,000.00 36,825,000.00 37,797,000.00 34,534,000.00 32,393,000.00
Interest Income 912,000.00 1,128,000.00 564,000.00 704,000.00 665,000.00
Interest Expense 907,000.00 830,000.00 656,000.00 818,000.00 757,000.00
Non-Interest Expense 26,436,000.00 23,181,000.00 24,055,000.00 24,117,000.00 23,007,000.00
Gross Profit 48,140,000.00 48,627,000.00 47,263,000.00 49,052,000.00 47,769,000.00
Operating Expenses 30,273,000.00 31,785,000.00 29,915,000.00 30,344,000.00 29,724,000.00
   Selling, General and Administrative Expenses 26,436,000.00 23,181,000.00 24,055,000.00 24,117,000.00 23,007,000.00
   Research and Development Expenses 6,202,000.00 6,244,000.00 7,258,000.00 6,658,000.00 7,271,000.00
   Other Operating Expenses -2,365,000.00 -106,000.00 -1,398,000.00 -431,000.00 -554,000.00
Operating Income 17,867,000.00 16,842,000.00 17,348,000.00 18,708,000.00 18,045,000.00
Net Non-Operating Income 0 673,000.00 0 0 0
EBT 18,350,000.00 19,047,000.00 20,054,000.00 18,742,000.00 19,167,000.00
Income Tax 4,082,000.00 4,951,000.00 4,182,000.00 4,704,000.00 5,752,000.00
Net Income Including Non-Controlling Interests 14,268,000.00 14,096,000.00 15,872,000.00 14,038,000.00 13,415,000.00
Net Income Non-Controlling Interests 104,000.00 82,000.00 66,000.00 95,000.00 -862,000.00
Net Income 14,372,000.00 14,178,000.00 15,938,000.00 14,133,000.00 12,553,000.00
EBIT 19,257,000.00 19,877,000.00 20,710,000.00 19,560,000.00 19,924,000.00
Deprecation and Amortization 5,051,000.00 4,765,000.00 4,554,000.00 4,719,000.00 3,975,000.00
EBITDA 24,308,000.00 24,642,000.00 25,264,000.00 24,279,000.00 23,899,000.00
EPS 0.02 0.02 0.02 0.02 0.02
Diluted EPS 0.02 0.02 0.02 0.02 0.02
Average Shares Outstanding Basic 832,676.71 832,042.25 833,315.90 833,313.68 832,979.43
Average Shares Outstanding Diluted 833,159.42 833,019.98 834,188.48 834,297.52 834,086.38
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 15,573,000.00 14,629,000.00 21,996,000.00 6,620,000.00 9,316,000.00
   Operating Net Income 14,268,000.00 14,096,000.00 15,872,000.00 14,038,000.00 13,415,000.00
   Deprecation and Amortization 5,051,000.00 4,765,000.00 4,554,000.00 4,719,000.00 3,975,000.00
   Deferred Income Tax 4,082,000.00 4,951,000.00 4,182,000.00 4,704,000.00 5,752,000.00
   Share Based Compensation 100,000.00 112,000.00 113,000.00 103,000.00 107,000.00
   Change in Working Capital -2,556,000.00 -8,191,000.00 584,000.00 -9,648,000.00 -7,784,000.00
   Other Operating Activities -5,372,000.00 -1,104,000.00 -3,309,000.00 -7,296,000.00 -6,149,000.00
Investing Cash Flow -9,543,000.00 -19,192,000.00 -13,300,000.00 -5,458,000.00 -19,071,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -5,113,000.00 -6,829,000.00 -7,672,000.00 -7,085,000.00 -7,325,000.00
   Net Purchase/Sale of Investments Net 319,000.00 -9,861,000.00 -1,767,000.00 2,223,000.00 39,132,000.00
   Net Purchase/Sale of Business 0 -51,000.00 -1,655,000.00 0 -51,758,000.00
   Other Investing Activities -4,749,000.00 -2,451,000.00 -2,206,000.00 -596,000.00 880,000.00
Financing Cash Flow -5,323,000.00 -1,203,000.00 -7,370,000.00 590,000.00 16,150,000.00
   Net Issuance/Repayment of Debt 2,366,000.00 -256,000.00 -5,146,000.00 1,521,000.00 16,555,000.00
   Net Issuance/Repurchase of Equity 92,000.00 196,000.00 -8,434,000.00 25,000.00 7,194,000.00
   Dividends Paid -6,659,000.00 0 0 0 -6,662,000.00
   Other Financing Activities -1,122,000.00 -1,143,000.00 6,210,000.00 -956,000.00 -937,000.00
Net Change in Cash 707,000.00 -5,766,000.00 1,326,000.00 1,752,000.00 6,395,000.00
   Cash at Beginning of Period 9,004,000.00 14,593,000.00 13,032,000.00 11,285,000.00 4,913,000.00
   Cash at End of Period 9,906,000.00 9,004,000.00 14,593,000.00 13,032,000.00 11,285,000.00
Free Cash Flow 5,438,000.00 4,482,000.00 10,750,000.00 -2,199,000.00 1,407,000.00