Laurus Labs Ltd. benchmarking: Performance to industry peers

Financial

	Laurus Labs	Acutaas Chemicals	Neuland Laboratories
Operational Metrics
Pharmaceuticals
Fermentation Capacity	250.0 KL	n/a	n/a
Number of ANDA's Filed in Europe	22.0	n/a	n/a
Number of ANDA's Approved in Europe	19.0	n/a	n/a
Number of ANDA's Filed in Canada	23.0	n/a	n/a
Number of ANDA's Approved by Canada	16.0	n/a	n/a
Number of ANDA's Filed in USA	46.0 .	n/a	n/a
Number of ANDA's Approved By USFDA	37.0 .	n/a	n/a
US DMF Filings	92.0 .	n/a	73.0 .
R&D as a % of Total Sales	4.6 %	n/a	4.15 %
Financials
5 yr Average ROE	18.77 %	15.72 %	14.95 %
5yr average Equity Multiplier	2.06	1.57	1.56
5yr Average Asset Turnover Ratio	0.71	0.74	0.74
5yr Avg Net Profit Margin	11.95 %	12.98 %	13.18 %
Price to Book	11.09	13.93	9.51
P/E	63.17	68.63	85.98
5yr Avg Cash Conversion Cycle	91.73 Days	55.02 Days	38.21 Days
Inventory Days	114.71 Days	64.12 Days	87.5 Days
Days Receivable	120.6 Days	90.06 Days	85.17 Days
Days Payable	145.16 Days	127.33 Days	118.14 Days
5yr Average Interest Coverage Ratio	8.98	25.42	20.78
5yr Avg ROCE	22.73 %	20.01 %	17.63 %
5yr Avg Operating Profit Margin	24.36 %	20.92 %	21.01 %
5 yr average Debt to Equity	0.56	0.23	0.15
5yr CAGR Net Profit	-18.29 %	24.06 %	26.4 %
5yr Average Return on Assets	8.99 %	9.8 %	9.87 %
Shareholdings
Promoter Holding	27.49 %	32.66 %	32.63 %
Share Pledged by Promoters	2.69 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.29 %	-6.75 %	-3.51 %
Change in Mutual Fund Holding (3 Yrs)	4.08 %	11.7 %	9.6 %

	Laurus Labs	Acutaas Chemicals	Neuland Laboratories
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 41.0 Formulations 34.0 Synthesis 23.0 Bio 2.0 Ingredients 0 Specialty Chemicals 0 Pharma Intermediates 0 Generic Drug Substances(GDS) 0 Custom Manufacturing Solutions(CMS) 0	Product Wise Break-Up Bio 0 Active Pharmaceutical Ingredient (API) 0 Synthesis 0 Formulations 0 Ingredients 0 Specialty Chemicals 14.24 Custom Manufacturing Solutions(CMS) 0 Generic Drug Substances(GDS) 0 Pharma Intermediates 85.76	Product Wise Break-Up Bio 0 Active Pharmaceutical Ingredient (API) 0 Synthesis 0 Formulations 0 Ingredients 0 Specialty Chemicals 0 Custom Manufacturing Solutions(CMS) 28.0 Formulations 67.0 Pharma Intermediates 0 Others 5.0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 55.0 Europe 25.0 North America 20.0 India 0 Germany 0 Spain 0 Israel 0 France 0 China 0 Finland 0 Italy 0 USA 0	Location Wise Break-Up North America 0 Rest of the World 0 Israel 1.9 Spain 2.5 Germany 3.4 Europe 0 Italy 14.2 China 3.9 USA 0 Finland 18.6 France 0 India 44.0 Others 11.5	Location Wise Break-Up North America 0 Rest of the World 10.4 Israel 0 Spain 0 Germany 0 Europe 29.86 Italy 0 China 0 USA 29.35 Finland 0 France 0 India 30.39