Albert David Ltd.

Financial

	Albert David	Syncom Formulations	Venus Remedies
Operational Metrics
Pharmaceutical Sector
R&D as a % of Total Sales	0.56 %	n/a	n/a
Financials
5 yr Average ROE	10.91 %	9.0 %	3.75 %
5yr average Equity Multiplier	1.72	1.5	1.64
5yr Average Asset Turnover Ratio	0.72	0.91	0.78
5yr Avg Net Profit Margin	9.03 %	6.98 %	2.2 %
Price to Book	1.95	4.76	0.93
P/E	10.31	48.7	15.06
5yr Avg Cash Conversion Cycle	-57.55 Days	87.47 Days	62.86 Days
Inventory Days	47.31 Days	26.14 Days	110.85 Days
Days Receivable	28.0 Days	116.42 Days	37.87 Days
Days Payable	100.06 Days	73.26 Days	50.32 Days
5yr Average Interest Coverage Ratio	55.29	49.11	42.3
5yr Avg ROCE	14.73 %	13.31 %	5.53 %
5yr Avg Operating Profit Margin	15.62 %	12.52 %	12.68 %
5 yr average Debt to Equity	0.01	0.16	0.38
5yr CAGR Net Profit	6.31 %	15.51 %	n/a
5yr Average Return on Assets	6.37 %	6.01 %	3.42 %
Shareholdings
Promoter Holding	62.13 %	50.57 %	41.76 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.88 %	9.39 %	5.87 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Albert David	Syncom Formulations	Venus Remedies
Product Wise Break-Up	Product Wise Break-Up Pharmaceutical 100.0 Renting of Property 0 Trading of Commodities 0 Pharmaceutical Drugs & Formulations 0	Product Wise Break-Up Rental Income 1.42 Pharmaceutical 0 Pharmaceutical 96.93 Commodity 1.64 Others 0.01	Product Wise Break-Up Renting of Property 0 Pharmaceutical 0 Pharmaceutical Drugs & Formulations 0 Trading of Commodities 0 Others 100
Location Wise Break-Up	Location Wise Break-Up India 95.41 Rest of the World 4.59 International 0 Domestic 0	Location Wise Break-Up India 0 International 61.05 Rest of the World 0 Domestic 38.95	Location Wise Break-Up India 33.0 International 0 Rest of the World 0 Domestic 0 Others 67.0
Dosage Form Break-Up	Dosage Form Break-Up LVP – Large volume Parenteral 26.19 Syrup 20.23 SVP – Small volume Parenteral 17.28 Tablet 16.78 Capsule 9.77 Ointment 8.18 Others 1.57	-	-
Customer Wise Break-Up	Customer Wise Break-Up Non Government 95.49 Government 4.51	-	-