Valuation Ratios

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Price to Earnings -0.39 10.15 0.74 0.87
Price to Sales 0.01 0.01 0.01 0.04
Book Value Per Common Share 46.37 45.77 38.46 36.78
Price to Book 0.09 0.17 0.20 0.49
Price to Operating Cash Flow 0.04 0.08 0.06 0.52
Price to Free Cash Flow -0.08 -0.08 -0.10 -0.23
Enterprise Value to EBITDA 2300.62 4076.95 4466.90 11509.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
Price to Earnings -3.61 -0.85 -0.54 1.09
Price to Sales 0.09 0.03 0.03 0.01
Book Value Per Common Share 269.60 37.64 46.37 46.96 45.77
Price to Book 0.05 0.12 0.09 0.05 0.17
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA 4033.89 9228.80 4461.12

Earnings Data

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Earning YoY -92.75 -50.21
Revenue YoY 11.93 6.68 23.60
EBITDA YoY 10.39 9.89 8.69
Net Profit YoY -74.95 -46.38
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
Earning YoY
Revenue YoY -1.77 10.56 -7.55
EBITDA YoY 12.12 8.83 -1.91
Net Profit YoY

Financial Strength

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Cash Per Common Share 87.13 81.96 55.62 57.65
Quick Ratio 0.68 0.75 0.76 0.76
Current Ratio 0.96 1.02 1.01 1.04
Debt to Equity 3.13 2.93 2.79 2.25
Long-Term Debt to Equity 1.76 1.62 1.33 0.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
Cash Per Common Share 35.45 53.37 87.13 139.53 13.66
Quick Ratio 0.64 0.68 0.90 0.75
Current Ratio 0.88 0.96 1.08 1.02
Debt to Equity 3.26 3.13 2.97 2.93
Long-Term Debt to Equity 1.76 1.76 1.64 1.62

Profitability

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
ROA -0.94 0.24 1.18 2.67
ROE -3.90 0.93 4.45 8.69
Gross Margin 37.53 37.20 36.00 40.64
Operating Margin 6.16 7.17 8.08 10.50
EBITDA Margin 20.28 20.57 19.97 22.71
Net Profit Margin -1.97 0.47 2.02 4.65
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
ROA -0.33 -0.69 0.13
ROE -1.41 -2.38 -2.86 0.50
Gross Margin 40.24 38.69 39.49 38.08
Operating Margin 6.85 4.81 4.73 7.61
EBITDA Margin 23.36 20.47 20.79 20.49
Net Profit Margin -2.61 -3.63 -5.95 0.99

Dividends

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Dividend Yield 0.00
Dividend Payout Ratio -2.87
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Assets 83,177,853.00 70,982,296.00 57,404,139.00 47,068,377.00
   Current Assets 26,556,349.00 24,205,046.00 22,324,038.00 22,006,338.00
      Cash and Short-Term Investments 6,304,026.00 5,394,189.00 3,650,446.00 3,781,978.00
            Cash and Cash Equivalents 4,997,210.00 4,105,489.00 3,650,446.00 3,781,978.00
            Short-Term Investments 1,306,816.00 1,288,700.00 0 0
      Net Receivables 12,398,488.00 12,335,880.00 13,062,983.00 12,167,909.00
      Inventory 3,959,492.00 3,393,317.00 1,941,923.00 2,407,203.00
      Other Current Assets 3,894,343.00 3,081,660.00 3,668,686.00 3,649,248.00
   Non-Current Assets 56,621,504.00 46,777,250.00 35,080,101.00 25,061,837.00
      Property, Plant, Equipment Net 47,736,974.00 39,468,086.00 27,995,500.00 21,107,590.00
      Goodwill 0 0 0 0
      Intangible Assets 696,873.00 641,862.00 622,688.00 634,529.00
      Long-Term Investments 1,229,808.00 1,203,862.00 1,044,020.00 476,050.00
      Non-Current Deferred Assets 1,402,924.00 1,206,753.00 877,795.00 706,818.00
      Other Non-Current Assets 0 4,256,687.00 4,540,098.00 2,136,850.00
Liabilities 63,047,310.00 52,908,702.00 42,258,451.00 32,592,174.00
   Current Liabilities 27,662,816.00 23,628,529.00 22,064,903.00 21,104,334.00
      Payables and Expenses 14,717,037.00 12,207,961.00 11,607,246.00 10,285,987.00
            Account Payables 12,158,048.00 10,339,550.00 9,227,928.00 4,969,507.00
            Current Accrued Liabilities 2,040,981.00 1,595,074.00 1,766,653.00 4,106,167.00
      Short-Term Debt 7,668,547.00 7,531,824.00 7,246,862.00 7,975,106.00
      Other Current Liabilities 5,277,232.00 3,888,744.00 3,210,795.00 2,843,241.00
   Non-Current Liabilities 35,384,494.00 29,280,173.00 20,193,548.00 11,487,840.00
      Long-Term Debt 31,841,899.00 26,012,851.00 17,683,810.00 9,484,483.00
      Other Non-Current Liabilities 3,542,595.00 3,267,322.00 2,509,738.00 2,003,357.00
Equity 20,130,543.00 18,073,594.00 15,145,688.00 14,476,203.00
   Shareholders Equity 20,130,543.00 18,073,594.00 15,145,688.00 14,476,203.00
      Capital Stock 4,353,846.00 1,846,146.00 1,841,168.00 1,840,238.00
      Share Premium 19,780,298.00 19,732,786.00 19,685,143.00 19,676,167.00
      Retained Earnings -7,804,069.00 -6,625,962.00 -6,794,901.00 -7,466,624.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 77,299.00
   Minority Interest 0 0 0 0
Debt 39,510,446.00 33,544,675.00 24,930,672.00 17,459,589.00
Net Debt 30,702,998.00 26,396,347.00 18,829,047.00 11,470,208.00
Common Shares Outstanding 434,102.40 394,870.43 393,799.77 393,599.46
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Revenues 39,885,580.00 35,633,922.00 33,403,726.00 27,025,675.00
Cost Of Revenue 24,917,342.00 22,378,001.00 21,379,429.00 16,042,056.00
Interest Income 12,632.00 108.00 10,291.00 45,060.00
Interest Expense 2,743,679.00 2,203,634.00 1,676,739.00 990,262.00
Non-Interest Expense 5,207,808.00 4,541,196.00 3,843,005.00 4,943,575.00
Gross Profit 14,968,238.00 13,255,921.00 12,024,297.00 10,983,619.00
Operating Expenses 12,711,447.00 10,856,510.00 9,376,540.00 8,101,124.00
   Selling, General and Administrative Expenses 5,207,808.00 4,541,196.00 3,843,005.00 4,943,575.00
   Other Operating Expenses 1,451,552.00 1,164,085.00 1,097,420.00 -125,903.00
Operating Income 2,256,791.00 2,399,411.00 2,647,757.00 2,882,495.00
Net Non-Operating Income 0 0 0 131,000.00
EBT -286,412.00 352,039.00 1,021,021.00 1,848,206.00
Income Tax 498,546.00 183,100.00 346,499.00 590,261.00
Net Income Including Non-Controlling Interests -784,958.00 168,939.00 674,522.00 1,257,945.00
Net Income -784,958.00 168,939.00 674,522.00 1,257,945.00
EBIT 2,457,267.00 2,555,673.00 2,697,760.00 2,838,468.00
Deprecation and Amortization 5,633,054.00 4,773,414.00 3,971,865.00 3,298,047.00
EBITDA 8,090,321.00 7,329,087.00 6,669,625.00 6,136,515.00
EPS -0.01 0.00 0.01 0.02
Diluted EPS -0.01 0.00 0.01 0.02
Average Shares Outstanding Basic 72,350.40 65,811.74 65,633.29 65,599.91
Average Shares Outstanding Diluted 72,350.40 65,811.74 65,633.29 65,599.91
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 8,647,075.00 5,934,065.00 8,113,287.00 2,244,668.00
   Operating Net Income 2,256,791.00 2,399,411.00 2,647,757.00 1,257,945.00
   Deprecation and Amortization 5,633,054.00 4,773,414.00 3,971,865.00 3,298,047.00
   Deferred Income Tax 0 183,100.00 346,499.00 590,262.00
   Share Based Compensation 1,880.00 7,472.00 16,494.00 22,885.00
   Change in Working Capital 1,293,579.00 -262,036.00 2,542,508.00 -3,087,496.00
   Other Operating Activities 0 -1,167,296.00 -1,411,836.00 163,025.00
Investing Cash Flow -12,323,912.00 -12,457,528.00 -13,765,122.00 -7,593,341.00
   Capital Expenditure 0 0 -417,466.00 -333,867.00
   Net Purchase/Sale of PPE -12,210,999.00 -12,374,919.00 -12,783,668.00 -7,035,641.00
   Net Purchase/Sale of Investments Net -240,474.00 -153,640.00 -546,886.00 -263,904.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0 -17,102.00 40,071.00
Financing Cash Flow 4,729,619.00 7,441,890.00 4,939,478.00 4,169,940.00
   Net Issuance/Repayment of Debt 5,730,887.00 10,251,210.00 6,564,249.00 5,240,480.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid -22,500.00 0 0 0
   Other Financing Activities 0 0 0 0
Net Change in Cash 1,052,782.00 918,427.00 -712,357.00 -1,178,733.00
   Cash at Beginning of Period 3,618,601.00 2,698,942.00 3,409,983.00 5,378,388.00
   Cash at End of Period 4,670,883.00 3,618,601.00 2,698,942.00 4,202,018.00
Free Cash Flow -3,669,101.00 -6,443,025.00 -5,098,630.00 -5,129,769.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
Assets 83,137,000.00 0 83,177,853.00 80,806,158.00 70,982,296.00
   Current Assets 25,847,000.00 0 26,556,349.00 29,220,228.00 24,205,046.00
      Cash and Short-Term Investments 2,567,000.00 3,861,000.00 6,304,026.00 7,146,759.00 5,394,189.00
            Cash and Cash Equivalents 2,567,000.00 3,861,000.00 4,997,210.00 4,477,364.00 4,105,489.00
            Short-Term Investments 0 0 1,306,816.00 2,669,395.00 1,288,700.00
      Net Receivables 16,330,000.00 0 12,398,488.00 17,259,587.00 12,335,880.00
      Inventory 3,956,000.00 0 3,959,492.00 3,375,147.00 3,393,317.00
      Other Current Assets 2,994,000.00 0 3,894,343.00 1,438,735.00 3,081,660.00
   Non-Current Assets 57,290,000.00 0 56,621,504.00 51,585,930.00 46,777,250.00
      Property, Plant, Equipment Net 50,782,000.00 0 47,736,974.00 43,238,750.00 39,468,086.00
      Goodwill 0 0 0 0 0
      Intangible Assets 624,000.00 0 696,873.00 581,833.00 641,862.00
      Long-Term Investments 1,330,000.00 0 1,229,808.00 1,206,893.00 1,203,862.00
      Non-Current Deferred Assets 1,481,000.00 0 1,402,924.00 1,428,630.00 1,206,753.00
      Other Non-Current Assets 0 0 0 0 4,256,687.00
Liabilities 63,615,000.00 0 63,047,310.00 60,454,837.00 52,908,702.00
   Current Liabilities 29,336,000.00 0 27,662,816.00 27,153,891.00 23,628,529.00
      Payables and Expenses 17,165,000.00 0 14,717,037.00 16,173,243.00 12,207,961.00
            Account Payables 17,165,000.00 0 12,158,048.00 16,173,243.00 10,339,550.00
            Current Accrued Liabilities 0 0 2,040,981.00 0 1,595,074.00
      Short-Term Debt 8,237,000.00 0 7,668,547.00 8,073,553.00 7,531,824.00
      Other Current Liabilities 3,934,000.00 0 5,277,232.00 2,907,095.00 3,888,744.00
   Non-Current Liabilities 34,279,000.00 0 35,384,494.00 33,300,946.00 29,280,173.00
      Long-Term Debt 30,224,000.00 0 31,841,899.00 29,774,763.00 26,012,851.00
      Other Non-Current Liabilities 4,055,000.00 0 3,542,595.00 3,526,183.00 3,267,322.00
Equity 19,522,000.00 16,339,000.00 20,130,543.00 20,351,321.00 18,073,594.00
   Shareholders Equity 19,522,000.00 16,339,000.00 20,130,543.00 20,351,321.00 18,073,594.00
      Capital Stock 4,358,000.00 0 4,353,846.00 4,346,136.00 1,846,146.00
      Share Premium 19,798,000.00 0 19,780,298.00 19,738,536.00 19,732,786.00
      Retained Earnings -8,468,000.00 0 -7,804,069.00 -6,866,666.00 -6,625,962.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 38,461,000.00 0 39,510,446.00 37,848,316.00 33,544,675.00
Net Debt 31,985,000.00 0 30,702,998.00 30,147,554.00 26,396,347.00
Common Shares Outstanding 0 434,102.40 434,102.40 433,331.42 394,870.43
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 10,533,000.00 10,723,000.00 9,699,013.00 10,491,000.00 10,275,000.00
Cost Of Revenue 6,294,000.00 6,574,000.00 5,868,908.00 6,725,000.00 6,362,000.00
Interest Income 0 1,000.00 -6,368.00 19,000.00 0
Interest Expense 915,000.00 838,000.00 773,025.00 729,000.00 642,000.00
Non-Interest Expense 1,214,000.00 2,018,000.00 -258,351.00 1,845,000.00 1,320,000.00
Gross Profit 4,239,000.00 4,149,000.00 3,830,105.00 3,766,000.00 3,913,000.00
Operating Expenses 3,530,000.00 3,612,000.00 3,457,490.00 3,227,000.00 3,133,000.00
   Selling, General and Administrative Expenses 1,214,000.00 2,018,000.00 -258,351.00 1,845,000.00 1,320,000.00
   Other Operating Expenses 501,000.00 -85,000.00 1,739,024.00 -64,000.00 340,000.00
Operating Income 709,000.00 537,000.00 372,615.00 539,000.00 780,000.00
EBT -194,000.00 -322,000.00 -313,993.00 -119,000.00 140,000.00
Income Tax 81,000.00 67,000.00 262,646.00 139,000.00 38,000.00
Net Income Including Non-Controlling Interests -275,000.00 -389,000.00 -576,639.00 -258,000.00 102,000.00
Net Income -275,000.00 -389,000.00 -576,639.00 -258,000.00 102,000.00
EBIT 721,000.00 516,000.00 459,032.00 610,000.00 782,000.00
Deprecation and Amortization 1,740,000.00 1,679,000.00 1,557,784.00 1,446,000.00 1,323,000.00
EBITDA 2,461,000.00 2,195,000.00 2,016,816.00 2,056,000.00 2,105,000.00
EPS -0.00 -0.01 -0.01 -0.00 0.00
Diluted EPS -0.00 -0.01 -0.01 -0.00 0.00
Average Shares Outstanding Basic 72,412.23 72,350.40 72,350.40 72,350.40 51,219.00
Average Shares Outstanding Diluted 72,434.95 72,350.40 72,350.40 72,350.40 51,918.38
Breakdown
Operating Cash Flow
   Operating Net Income
   Deprecation and Amortization
   Deferred Income Tax
   Share Based Compensation
   Change in Working Capital
   Other Operating Activities
Investing Cash Flow
   Capital Expenditure
   Net Purchase/Sale of PPE
   Net Purchase/Sale of Investments Net
   Net Purchase/Sale of Business
   Other Investing Activities
Financing Cash Flow
   Net Issuance/Repayment of Debt
   Net Issuance/Repurchase of Equity
   Dividends Paid
   Other Financing Activities
Net Change in Cash
   Cash at Beginning of Period
   Cash at End of Period
Free Cash Flow