Aarti Industries Ltd.

Financial

	Aarti Inds	Fine Organic Inds.	Vinati Organics
Operational Metrics
Chemical Sector
Realization/Tonne - Speciality Chemicals for Home & Personal Care	66087.0 Rs/MT	n/a	n/a
Capacity Utilization - Nitrochloro Benzene	90.0 %	n/a	n/a
Capacity Utilization - Speciality Chemicals	80.0 %	n/a	n/a
Manufacturing Capacity - Nitrochloro Benzene	108000.0 MTPA	n/a	n/a
Realization/Tonne - Phenylene Diamine	236288.0 Rs/MT	n/a	n/a
Capacity Utilization - Phenylene Diamine	40.0 %	n/a	n/a
Petrochemicals
Capacity Utilization - Nitrotoluene	53.0 %	n/a	n/a
Capacity Utilization - Ethylene Derivatives	55.0 %	n/a	n/a
Pharmaceutical Sector
Capacity Utilization - Pharmaceuticals	80.0 %	n/a	n/a
Financials
5 yr Average ROE	15.63 %	26.34 %	18.91 %
5yr average Equity Multiplier	1.91	1.24	1.14
5yr Average Asset Turnover Ratio	0.7	1.33	0.7
5yr Avg Net Profit Margin	11.74 %	16.04 %	23.88 %
Price to Book	2.99	6.34	6.98
P/E	50.71	35.45	48.08
5yr Avg Cash Conversion Cycle	64.01 Days	68.94 Days	97.98 Days
Inventory Days	56.68 Days	43.31 Days	37.07 Days
Days Receivable	45.81 Days	56.71 Days	95.43 Days
Days Payable	59.71 Days	42.81 Days	43.07 Days
5yr Average Interest Coverage Ratio	7.4	107.48	219.84
5yr Avg ROCE	16.18 %	34.91 %	23.3 %
5yr Avg Operating Profit Margin	21.04 %	22.57 %	31.36 %
5 yr average Debt to Equity	0.65	0.08	0.01
5yr CAGR Net Profit	-4.92 %	20.11 %	-0.66 %
5yr Average Return on Assets	8.25 %	21.5 %	16.57 %
Shareholdings
Promoter Holding	42.24 %	75.0 %	74.28 %
Share Pledged by Promoters	3.56 %	0.0	0.84 %
Change in Promoter Holding (3 Yrs)	-1.95 %	0.0	0.22 %
Change in Mutual Fund Holding (3 Yrs)	4.24 %	0.22 %	0.16 %

Business

	Aarti Inds	Fine Organic Inds.	Vinati Organics
Segment Break-Up	Segment Break-Up Speciality Chemical Intermediates 100.0 Home & Personal Care Chemicals 0 Pharmaceuticals 0	-	Segment Break-Up Pharmaceuticals 0 Home & Personal Care Chemicals 0 Speciality Chemical Intermediates 0 Others 100
Location Wise Break-Up	Location Wise Break-Up India 48.0 Rest of the World 28.0 North America 11.0 Europe 6.0 China 4.0 Japan 3.0	Location Wise Break-Up China 0 North America 0 India 42.98 Europe 0 Rest of the World 57.02 Japan 0	Location Wise Break-Up China 0 North America 0 India 45.71 Europe 0 Rest of the World 54.29 Japan 0
Verticals	Verticals Agro Chemicals 22.0 Dyes & Pigments 12.0 Polymer and additives 10.0 Pharmaceutical 9.0 Others 47.0	-	-
Raw Material Break-Up	Raw Material Break-Up Aniline 34.35 Benzene 22.99 Concentrated Nitric Acid (C.N.A.) 7.44 Phthalic Anhydride 0 Sulphur 0 Others 35.22	-	-
Location Wise Break-Up - API's	Location Wise Break-Up - API's Regulated Export Market 68.0 Domestic 32.0 Non Regulated Export Market 0	-	-
Asset Break-Up	Asset Break-Up Specialty Chemicals 76.12 Pharmaceuticals 17.79 Others 6.09	-	Asset Break-Up Pharmaceuticals 0 Specialty Chemicals 0 Others 100
Net Profit Break-Up	Net Profit Break-Up Speciality Chemical Intermediates 87.99 Pharmaceutical 12.01	-	-