Bajaj Healthcare Ltd.

Financial

	Bajaj Healthcare	Hester Biosciences	Themis Medicare
Operational Metrics
Pharmaceutical Sector
R&D as a % of Total Sales	0.35 %	1.53 %	3.59 %
Financials
5 yr Average ROE	9.93 %	12.14 %	16.7 %
5yr average Equity Multiplier	2.26	2.11	1.64
5yr Average Asset Turnover Ratio	0.95	0.45	0.69
5yr Avg Net Profit Margin	3.65 %	12.98 %	14.74 %
Price to Book	3.27	4.91	2.95
P/E	35.49	56.12	39.75
5yr Avg Cash Conversion Cycle	15.4 Days	83.43 Days	83.02 Days
Inventory Days	51.52 Days	106.53 Days	75.24 Days
Days Receivable	72.17 Days	94.77 Days	154.39 Days
Days Payable	83.01 Days	142.53 Days	149.43 Days
5yr Average Interest Coverage Ratio	7.11	7.46	6.9
5yr Avg ROCE	24.2 %	12.53 %	18.52 %
5yr Avg Operating Profit Margin	16.67 %	24.84 %	19.18 %
5 yr average Debt to Equity	0.86	0.74	0.34
5yr CAGR Net Profit	n/a	-8.32 %	11.92 %
5yr Average Return on Assets	5.32 %	5.95 %	10.34 %
Shareholdings
Promoter Holding	59.19 %	53.73 %	67.15 %
Share Pledged by Promoters	0.0	0.0	2.43 %
Change in Promoter Holding (3 Yrs)	-8.07 %	0.0	-0.03 %
Change in Mutual Fund Holding (3 Yrs)	1.64 %	-0.03 %	0.0

Business

	Bajaj Healthcare	Hester Biosciences	Themis Medicare
Product Wise Break-Up	Product Wise Break-Up Bulk Chemicals 100.0 Formulations 0 Animal Healthcare 0 Poultry Healthcare 0 Formulation 0 API 0 Pharmaceuticals 0	Product Wise Break-Up API 0 Poultry Healthcare 58.09 Pharmaceuticals 0 Bulk Chemicals 0 Formulation 0 Formulations 0 Animal Health 41.91	Product Wise Break-Up API 0 Poultry Healthcare 0 Pharmaceutical 100.0 Bulk Chemicals 0 Formulation 0 Formulations 0 Animal Healthcare 0
Location Wise Break-Up	Location Wise Break-Up India 75.88 Rest of the World 24.12 Africa 0 Nepal 0 North America 0 Latin America 0 SE Asia 0 Europe 0	Location Wise Break-Up Africa 0 Latin America 0 Rest of the World 16.0 Nepal 0 SE Asia 0 Europe 0 North America 0 India 84.0	Location Wise Break-Up Africa 0 Latin America 0 Rest of the World 28.45 Nepal 0 SE Asia 0 Europe 0 North America 0 India 71.55
Operating Profit Break-Up	Operating Profit Break-Up Active Pharmaceutical Ingredient (API) 93.29 Formulations 6.71 Animal Healthcare 0 Poultry Healthcare 0	Operating Profit Break-Up Active Pharmaceutical Ingredient (API) 0 Formulations 0 Poultry Healthcare 86.22 Animal Health 13.78	-
Asset Break-Up	Asset Break-Up Active Pharmaceutical Ingredient (API) 90.29 Formulations 9.71 Animal Healthcare 0 Poultry Healthcare 0	Asset Break-Up Active Pharmaceutical Ingredient (API) 0 Formulations 0 Poultry Healthcare 40.01 Animal Health 29.79 Others 30.2	-