Natco Pharma Ltd.

Financial

	Natco Pharma	Alembic Pharma	Caplin Point Lab
Operational Metrics
API Sector
US DMF Filings	58.0 .	135.0 .	n/a
Pharmaceutical Sector
Number of ANDA's Filed in USA	51.0 .	263.0 .	46.0 .
Number of ANDA's Approved By USFDA	41.0 .	219.0 .	33.0 .
Domestic Sales Growth - YoY	31.2 %	n/a	n/a
R&D as a % of Total Sales	7.6 %	7.0 %	4.4 %
Financials
5 yr Average ROE	13.06 %	15.79 %	20.61 %
5yr average Equity Multiplier	1.18	1.48	1.17
5yr Average Asset Turnover Ratio	0.46	0.83	0.72
5yr Avg Net Profit Margin	23.09 %	13.0 %	24.8 %
Price to Book	2.21	3.54	5.58
P/E	8.48	28.58	27.55
5yr Avg Cash Conversion Cycle	10.54 Days	1.45 Days	79.85 Days
Inventory Days	99.95 Days	94.67 Days	64.55 Days
Days Receivable	86.16 Days	60.69 Days	100.92 Days
Days Payable	154.15 Days	176.63 Days	74.04 Days
5yr Average Interest Coverage Ratio	46.61	36.16	579.71
5yr Avg ROCE	16.05 %	17.34 %	25.27 %
5yr Avg Operating Profit Margin	30.17 %	19.56 %	30.87 %
5 yr average Debt to Equity	0.06	0.2	0.01
5yr CAGR Net Profit	24.68 %	-5.77 %	16.28 %
5yr Average Return on Assets	11.07 %	10.48 %	17.7 %
Shareholdings
Promoter Holding	49.56 %	69.67 %	70.56 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.75 %	0.06 %	1.67 %
Change in Mutual Fund Holding (3 Yrs)	-5.54 %	4.02 %	0.55 %

Business

	Natco Pharma	Alembic Pharma	Caplin Point Lab
Product Wise Break-Up	Product Wise Break-Up Formulations 59.0 Active Pharmaceutical Ingredient (API) 10.0 Crop Protection 2.0 Formulations 0 API 0 Branded Generic 0 Generic 0 Others 29.0	Product Wise Break-Up Generic 0 Formulations 84.7 Crop Protection 0 Branded Generic 0 Active Pharmaceutical Ingredient (API) 0 Active Pharmaceutical Ingredient (API) 15.3	Product Wise Break-Up Formulations 75.0 Formulations 0 Crop Protection 0 Branded Generics 25.0 Active Pharmaceutical Ingredient (API) 0 API 0
Segment Break-Up	Segment Break-Up Pharmaceuticals 96.82 Agrochemicals 3.18	-	-
Therapeutic Area Wise Break-Up - Domestic	Therapeutic Area Wise Break-Up - Domestic Oncology 58.79 Others 41.21	-	-
Location Wise Break-Up	Location Wise Break-Up USA 70.49 Rest of the World 15.24 India 14.27 Africa 0 LATAM 0	Location Wise Break-Up LATAM 0 India 39.88 USA 0 Africa 0 Rest of the World 60.12	Location Wise Break-Up Latin America 80.0 India 0 USA 18.0 Africa 2.0 Rest of the World 0
Operating Profit Break-Up	Operating Profit Break-Up Pharmaceuticals 100.0 Agrochemicals 0	-	-
Asset Break-Up	Asset Break-Up Pharmaceuticals 92.5 Agrochemicals 7.5	-	-