Indoco Remedies Ltd.

Financial

	Indoco Remedies	Unichem Lab	Wanbury
Operational Metrics
API Sector
US DMF Filings	26.0 .	n/a	n/a
Global DMFs filed	147.0 .	n/a	n/a
Pharmaceutical Sector
Number of ANDA's Filed in USA	55.0 .	41.0 .	n/a
Number of ANDA's Approved By USFDA	30.0 .	27.0 .	n/a
Domestic Sales Growth - YoY	-4.3 %	n/a	n/a
R&D as a % of Total Sales	6.2 %	0.94 %	n/a
Financials
5 yr Average ROE	9.23 %	-1.8 %	-68.24 %
5yr average Equity Multiplier	1.77	1.25	-5.8
5yr Average Asset Turnover Ratio	0.91	0.39	1.45
5yr Avg Net Profit Margin	5.59 %	-3.43 %	4.37 %
Price to Book	2.85	1.69	0.0
P/E	29.96	279.08	22.18
5yr Avg Cash Conversion Cycle	50.62 Days	134.58 Days	-125.27 Days
Inventory Days	67.15 Days	136.89 Days	19.82 Days
Days Receivable	70.89 Days	147.31 Days	46.87 Days
Days Payable	140.07 Days	232.31 Days	189.66 Days
5yr Average Interest Coverage Ratio	7.2	-1.13	1.85
5yr Avg ROCE	13.14 %	-1.02 %	-65.2 %
5yr Avg Operating Profit Margin	15.39 %	5.06 %	6.05 %
5 yr average Debt to Equity	0.35	0.09	-1.62
5yr CAGR Net Profit	n/a	53.41 %	-15.99 %
5yr Average Return on Assets	5.36 %	-1.39 %	6.04 %
Shareholdings
Promoter Holding	58.72 %	70.22 %	39.79 %
Share Pledged by Promoters	0.0	0.0	71.05 %
Change in Promoter Holding (3 Yrs)	0.03 %	19.29 %	-12.3 %
Change in Mutual Fund Holding (3 Yrs)	-0.83 %	1.59 %	0.0

Business

	Indoco Remedies	Unichem Lab	Wanbury
Product Wise Break-Up	Product Wise Break-Up Formulations 95.0 Active Pharmaceutical Ingredient (API) 5.0 CRO, Analytical Services 0 Bulk Drugs and chemicals 0 Formulations 0 API`s & Formulation 0	Product Wise Break-Up Bulk Chemicals 11.07 Formulations 88.93 CRO, Analytical Services 0 API`s & Formulation 0 Active Pharmaceutical Ingredient (API) 0	Product Wise Break-Up Bulk Drugs and chemicals 0 Formulations 0 CRO, Analytical Services 0 API`s & Formulation 0 Active Pharmaceutical Ingredient (API) 0 Others 100
Therapeutic Area Wise Break-Up - Domestic	Therapeutic Area Wise Break-Up - Domestic Stomatologicals 20.43 Gastro Intestinal 15.23 Respiratory Systems 15.14 Anti-Infective 15.03 Vitamins / Minerals / Nutrients 6.84 Ophthalmology 5.45 Dermatology 4.47 Gynecology 4.35 Pain Management 4.02 Urology 3.72 Anti - Diabetes 2.99 Cardiac Science 2.3 Others 0.03	-	-
Location Wise Break-Up	Location Wise Break-Up India 54.7 Rest of the World 45.3 USA 0	Location Wise Break-Up Rest of the World 0 USA 60.32 India 2.47 Others 37.21	Location Wise Break-Up Rest of the World 0 USA 0 India 39.82 Others 60.18