Glaxosmithkline Pharmaceuticals Ltd.

Financial

	Glaxosmithkline Phar	Alkem Laboratories	Aurobindo Pharma
Operational Metrics
Pharmaceutical Sector
Domestic Sales Growth - YoY	8.9 %	12.1 %	n/a
R&D as a % of Total Sales	0.07 %	5.0 %	5.05 %
Financials
5 yr Average ROE	40.73 %	17.42 %	13.97 %
5yr average Equity Multiplier	1.9	1.42	1.51
5yr Average Asset Turnover Ratio	0.94	0.89	0.71
5yr Avg Net Profit Margin	24.91 %	13.9 %	12.77 %
Price to Book	28.24	4.8	1.97
P/E	59.4	26.57	18.49
5yr Avg Cash Conversion Cycle	-107.65 Days	-31.98 Days	-49.62 Days
Inventory Days	52.59 Days	55.32 Days	59.48 Days
Days Receivable	22.78 Days	41.28 Days	28.34 Days
Days Payable	144.46 Days	114.28 Days	115.71 Days
5yr Average Interest Coverage Ratio	479.64	24.2	43.78
5yr Avg ROCE	44.44 %	22.93 %	16.69 %
5yr Avg Operating Profit Margin	25.23 %	18.1 %	19.28 %
5 yr average Debt to Equity	0.0	0.21	0.21
5yr CAGR Net Profit	20.96 %	9.76 %	2.21 %
5yr Average Return on Assets	21.84 %	12.26 %	9.18 %
Shareholdings
Promoter Holding	75.0 %	55.13 %	51.82 %
Share Pledged by Promoters	0.0	0.0	16.92 %
Change in Promoter Holding (3 Yrs)	0.0	-2.0 %	-0.01 %
Change in Mutual Fund Holding (3 Yrs)	1.0 %	7.45 %	8.12 %

Business

	Glaxosmithkline Phar	Alkem Laboratories	Aurobindo Pharma
Product Wise Break-Up	Product Wise Break-Up Pharmaceutical 76.0 Vaccines 24.0 Pharmaceutical 0 API 0 Formulations 0	Product Wise Break-Up API 0 Pharmaceutical 100.0 Vaccines 0 Formulations 0	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 12.75 Pharmaceutical 0 Vaccines 0 Formulations 87.25
Therapeutic Area Wise Break-Up - Domestic	Therapeutic Area Wise Break-Up - Domestic Dermatology 30.55 Anti-Infective 22.25 Vaccines 12.64 Pain Management 11.96 Hormones 8.91 Vitamins / Minerals / Nutrients 6.47 Respiratory 3.95 Gastro Intestinal 0 Pain / Analgesics 0 Vitamins / Minerals / Nutrients 0 Derma 0 Anti-infectives 0 Neuro / CNS 0 Anti-Diabetic 0 Cardiac 0 Gynecology 0 Others 3.27	Therapeutic Area Wise Break-Up - Domestic Cardiac Science 2.3 Gynecology 4.0 Hormones 0 Dermatology 0 Vitamins / Minerals / Nutrients 10.3 Gastro Intestinal 18.6 Vaccines 0 Pain Management 0 Respiratory 3.3 Derma 2.8 Anti-Infective 37.6 Pain Management 10.9 Anti-Infective 0 Anti - Diabetes 4.0 Central Nervous System (CNS) 3.8 Others 2.4	-
Location Wise Break-Up	Location Wise Break-Up India 98.65 Rest of the World 1.35 USA 0 Europe 0	Location Wise Break-Up Rest of the World 0 India 68.66 Europe 0 USA 31.34	Location Wise Break-Up Rest of the World 15.8 India 10.0 Europe 25.6 USA 48.6
Acute vs Chronic	Acute vs Chronic Acute 99.0 Chronic 1.0	-	-