Morepen Laboratories Ltd.

Financial

	Morepen Laboratories	Solara Active Pharma	Aarti Drugs
Operational Metrics
API Sector
Global DMFs filed	211.0 .	n/a	n/a
Pharmaceutical Sector
R&D as a % of Total Sales	0.87 %	n/a	1.93 %
Financials
5 yr Average ROE	13.75 %	-8.31 %	19.9 %
5yr average Equity Multiplier	1.84	1.98	2.08
5yr Average Asset Turnover Ratio	1.34	0.55	1.13
5yr Avg Net Profit Margin	5.42 %	-5.56 %	8.4 %
Price to Book	2.77	2.22	2.79
P/E	24.46	0.0	22.7
5yr Avg Cash Conversion Cycle	21.38 Days	115.03 Days	82.62 Days
Inventory Days	53.55 Days	106.31 Days	66.37 Days
Days Receivable	63.5 Days	125.38 Days	113.27 Days
Days Payable	98.41 Days	142.19 Days	95.33 Days
5yr Average Interest Coverage Ratio	39.33	0.55	9.51
5yr Avg ROCE	15.84 %	3.01 %	22.85 %
5yr Avg Operating Profit Margin	8.37 %	10.34 %	14.52 %
5 yr average Debt to Equity	0.04	0.69	0.49
5yr CAGR Net Profit	23.42 %	n/a	3.93 %
5yr Average Return on Assets	7.36 %	-2.61 %	9.61 %
Shareholdings
Promoter Holding	35.65 %	37.94 %	55.48 %
Share Pledged by Promoters	0.0	34.64 %	0.0
Change in Promoter Holding (3 Yrs)	-2.73 %	-1.77 %	-4.35 %
Change in Mutual Fund Holding (3 Yrs)	0.0	-2.01 %	6.13 %

Business

	Morepen Laboratories	Solara Active Pharma	Aarti Drugs
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 73.14 Home Diagnostics / Health 26.86 OTC 0 Finished Formulations 0 Ibuprofen 0 Active Pharmaceutical Ingredients (API) 0 Intermediates 0 Speciality Chemicals 0 Formulation 0 API 0	Product Wise Break-Up API 0 Home Diagnostics / Health 0 Active Pharmaceutical Ingredient (API) 0 OTC 0 Finished Formulations 0 Ibuprofen 0 Active Pharmaceutical Ingredient (API) 100.0 Speciality Chemicals 0 Formulation 0 Intermediates 0	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 82.0 Home Diagnostics / Health 0 Active Pharmaceutical Ingredient (API) 0 OTC 0 Finished Formulations 0 Ibuprofen 0 Active Pharmaceutical Ingredients (API) 0 Speciality Chemical Intermediates 6.0 Formulations 9.0 Intermediates 3.0
Location Wise Break-Up	Location Wise Break-Up India 29.7 Europe 22.0 South America 14.8 USA 4.4 Rest of the World 0 North America 0 Asia Pacific 0 Latin America 0 Africa 0 Asia 0 Others 29.1	Location Wise Break-Up USA 0 Europe 23.03 Rest of the World 0 Africa 0 Asia 0 South America 0.45 North America 6.76 Latin America 0 India 0 Asia Pacific 55.91 Others 13.85	Location Wise Break-Up USA 0 Europe 14.0 Rest of the World 0 Africa 11.0 Asia Pacific 57.0 South America 0 North America 8.0 Latin America 10.0 India 0 Asia Pacific 0