Indoco Remedies Ltd. benchmarking: Performance to industry peers

Financial

	Indoco Remedies	Sakar Healthcare	Venus Remedies
Operational Metrics
Pharmaceuticals
Number of ANDA's Filed in USA	54.0 .	n/a	n/a
Number of ANDA's Approved By USFDA	32.0 .	n/a	n/a
Domestic Sales Growth - YoY	4.0 %	n/a	n/a
US DMF Filings	26.0 .	n/a	n/a
Global DMFs filed	147.0 .	n/a	n/a
R&D as a % of Total Sales	5.7 %	n/a	n/a
Financials
5 yr Average ROE	10.38 %	8.14 %	8.87 %
5yr average Equity Multiplier	1.9	1.76	1.32
5yr Average Asset Turnover Ratio	0.88	0.45	0.96
5yr Avg Net Profit Margin	5.41 %	10.03 %	6.91 %
Price to Book	2.07	5.73	2.71
P/E	0.0	60.99	18.13
5yr Avg Cash Conversion Cycle	35.3 Days	18.72 Days	46.96 Days
Inventory Days	70.6 Days	51.79 Days	75.64 Days
Days Receivable	83.16 Days	53.06 Days	54.28 Days
Days Payable	111.01 Days	115.64 Days	58.86 Days
5yr Average Interest Coverage Ratio	7.53	4.85	396.11
5yr Avg ROCE	13.6 %	8.92 %	8.42 %
5yr Avg Operating Profit Margin	14.97 %	24.94 %	10.14 %
5 yr average Debt to Equity	0.49	0.49	0.08
5yr CAGR Net Profit	n/a	10.38 %	-6.01 %
5yr Average Return on Assets	5.31 %	4.54 %	6.69 %
Shareholdings
Promoter Holding	58.86 %	52.86 %	41.76 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.17 %	-7.86 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.36 %	0.0	0.0

	Indoco Remedies	Sakar Healthcare	Venus Remedies
Product Wise Break-Up	Product Wise Break-Up Formulations 90.0 Active Pharmaceutical Ingredient (API) 9.0 CRO, Analytical Services 1.0 Loan Licensing 0 Export 0 CDMO 0 Pharmaceuticals 0	Product Wise Break-Up Formulations 0 Active Pharmaceutical Ingredient (API) 0 CRO, Analytical Services 0 Loan Licensing 5.0 Export 73.0 Pharmaceuticals 0 CDMO 22.0	Product Wise Break-Up Formulations 0 Active Pharmaceutical Ingredient (API) 0 CRO, Analytical Services 0 Loan Licensing 0 Export 0 Pharmaceuticals 100.0 CDMO 0
Therapeutic Area Wise Break-Up - Domestic	Therapeutic Area Wise Break-Up - Domestic Gastro Intestinal 18.13 Anti-Infective 15.18 Respiratory Systems 14.77 Stomatologicals 13.47 Vitamins / Minerals / Nutrients 9.07 Urology 8.44 Ophthalmology 5.88 Dermatology 5.05 Pain Management 3.41 Cardiac Science 3.12 Anti - Diabetes 2.33 Gynecology 1.17	-	-
Location Wise Break-Up	Location Wise Break-Up India 68.02 Rest of the World 31.98 International 0 Domestic 0	Location Wise Break-Up Domestic 44.52 Rest of the World 0 India 0 International 55.48	Location Wise Break-Up Domestic 0 Rest of the World 0 India 33.0 International 0 Others 67.0