Ganges Securities Ltd.

Financial

	Ganges Securities	Keynote Finl. Serv	Tamboli Industries
Operational Metrics
Financials
5 yr Average ROE	2.08 %	8.64 %	9.59 %
5yr average Equity Multiplier	1.04	1.35	1.22
5yr Average Asset Turnover Ratio	0.09	0.18	0.64
5yr Avg Net Profit Margin	21.5 %	22.18 %	12.13 %
Price to Book	0.25	1.34	1.4
P/E	33.02	12.69	20.6
5yr Avg Cash Conversion Cycle	281.24 Days	-5120.33 Days	36.34 Days
Inventory Days	27.09 Days	3.29 Days	76.66 Days
Days Receivable	7.16 Days	47.93 Days	70.4 Days
Days Payable	-1053.46 Days	1033.65 Days	131.05 Days
5yr Average Interest Coverage Ratio	147.46	30.2	20.51
5yr Avg ROCE	2.61 %	11.59 %	13.54 %
5yr Avg Operating Profit Margin	26.21 %	25.73 %	21.3 %
5 yr average Debt to Equity	0.0	0.18	0.05
5yr CAGR Net Profit	-13.39 %	n/a	13.21 %
5yr Average Return on Assets	1.99 %	6.93 %	7.84 %
Shareholdings
Promoter Holding	66.64 %	71.88 %	52.83 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.6 %	14.0 %	0.46 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0