Divi's Laboratories Ltd.

Financial

	Divi's Lab	Laurus Labs	Neuland Laboratories
Operational Metrics
Pharmaceutical Sector
R&D as a % of Total Sales	0.86 %	4.6 %	4.15 %
Financials
5 yr Average ROE	17.46 %	18.77 %	14.95 %
5yr average Equity Multiplier	1.2	2.06	1.56
5yr Average Asset Turnover Ratio	0.55	0.71	0.74
5yr Avg Net Profit Margin	25.76 %	11.95 %	13.18 %
Price to Book	11.28	10.24	10.97
P/E	77.05	89.97	95.0
5yr Avg Cash Conversion Cycle	134.41 Days	91.73 Days	38.21 Days
Inventory Days	121.85 Days	114.71 Days	87.5 Days
Days Receivable	94.81 Days	120.6 Days	85.17 Days
Days Payable	94.55 Days	145.16 Days	118.14 Days
5yr Average Interest Coverage Ratio	1162.71	8.98	20.78
5yr Avg ROCE	21.97 %	22.73 %	17.63 %
5yr Avg Operating Profit Margin	34.94 %	24.36 %	21.01 %
5 yr average Debt to Equity	0.0	0.56	0.15
5yr CAGR Net Profit	2.0 %	-18.29 %	26.4 %
5yr Average Return on Assets	14.47 %	8.99 %	9.87 %
Shareholdings
Promoter Holding	51.89 %	27.59 %	32.68 %
Share Pledged by Promoters	0.0	2.69 %	0.0
Change in Promoter Holding (3 Yrs)	-0.05 %	0.32 %	-3.54 %
Change in Mutual Fund Holding (3 Yrs)	-0.54 %	3.01 %	6.87 %

Business

	Divi's Lab	Laurus Labs	Neuland Laboratories
Product Wise Break-Up	Product Wise Break-Up Custom Synthesis 51.0 API 49.0 Nutraceuticals 0 Bio 0 Generics FDF 0 Ingredients 0 Synthesis 0 Generic API 0 Generic Drug Substances(GDS) 0 Custom Manufacturing Solutions(CMS) 0	Product Wise Break-Up Custom Synthesis 0 Bio 2.0 Synthesis 31.0 Active Pharmaceutical Ingredient (API) 41.0 Custom Manufacturing Solutions(CMS) 0 Formulations 26.0 Nutraceuticals 0 Ingredients 0 Generic Drug Substances(GDS) 0 API 0	Product Wise Break-Up Custom Synthesis 0 Bio 0 Synthesis 0 Generic API 0 Custom Manufacturing Solutions(CMS) 34.0 Generics FDF 0 Nutraceuticals 0 Ingredients 0 Formulations 59.0 API 0 Others 7.0
Location Wise Break-Up	Location Wise Break-Up Europe 51.77 USA 18.25 Asia Pacific 12.96 India 12.54 Rest of the World 4.47 North America 0 Others 0.01	Location Wise Break-Up Asia Pacific 0 India 0 USA 0 North America 20.0 Europe 25.0 Rest of the World 55.0	Location Wise Break-Up Asia Pacific 0 India 30.39 USA 29.35 North America 0 Europe 29.86 Rest of the World 10.4
Brand Wise Break-Up	Brand Wise Break-Up Naproxen and Dextromethorphan HBr 26.0 Others 74.0	-	-
Asset Break-Up	Asset Break-Up India 99.96 USA 0.04	-	Asset Break-Up India 100.0 USA 0