Parag Milk Foods Ltd. benchmarking: Perfomance to industry peers

Financial

	Parag Milk Foods	Heritage Foods	Vadilal Industries
Operational Metrics
FMCG
Manufacturing Capacity - Ghee	40150.0 MTPA	n/a	n/a
Total Milk Production	13.08 Mn Litre	n/a	n/a
Milk Processing Capacity	3.4 MLPD	2.83 MLPD	n/a
Volume Growth	10.0 %	n/a	n/a
Unclassified
Advertisement Spend as a % of Total Sales	3.92 %	n/a	1.33 %
Financials
5 yr Average ROE	-13.15 %	16.08 %	17.93 %
5yr average Equity Multiplier	2.09	1.52	1.95
5yr Average Asset Turnover Ratio	1.54	2.86	1.11
5yr Avg Net Profit Margin	-3.28 %	3.76 %	8.32 %
Price to Book	2.03	3.02	4.46
P/E	18.93	19.19	28.63
5yr Avg Cash Conversion Cycle	46.96 Days	9.5 Days	39.37 Days
Inventory Days	83.94 Days	27.67 Days	84.18 Days
Days Receivable	25.24 Days	2.84 Days	31.68 Days
Days Payable	48.33 Days	12.21 Days	86.21 Days
5yr Average Interest Coverage Ratio	-0.19	16.55	8.31
5yr Avg ROCE	-1.35 %	21.53 %	21.49 %
5yr Avg Operating Profit Margin	0.44 %	7.15 %	15.1 %
5 yr average Debt to Equity	0.66	0.12	0.4
5yr CAGR Net Profit	41.83 %	4.66 %	100.58 %
5yr Average Return on Assets	-4.62 %	10.66 %	9.83 %
Shareholdings
Promoter Holding	40.65 %	41.3 %	64.72 %
Share Pledged by Promoters	0.0	0.0	7.57 %
Change in Promoter Holding (3 Yrs)	-0.98 %	2.09 %	-0.01 %
Change in Mutual Fund Holding (3 Yrs)	0.0	-11.61 %	0.0

	Parag Milk Foods	Heritage Foods	Vadilal Industries
Product Wise Break-Up	Product Wise Break-Up Milk Products 59.0 Skimmed Milk Powder 13.0 Liquid Milk 10.0 Dietary Supplement 9.0 Animal Feed 0 Renewable Energy 0 Dairy 0 Fruit Pulp, Frozen Fruits Etc. 0 Ice-Cream And Frozen Desert Product 0 Others 9.0	Product Wise Break-Up Fruit Pulp, Frozen Fruits Etc. 0 Renewable Energy 0.15 Skimmed Milk Powder 0 Dietary Supplement 0 Ice-Cream And Frozen Desert Product 0 Dairy 94.28 Animal Feed 5.57 Liquid Milk 0 Milk Products 0	Product Wise Break-Up Fruit Pulp, Frozen Fruits Etc. 10.0 Renewable Energy 0 Skimmed Milk Powder 0 Dietary Supplement 0 Ice Cream 90.0 Dairy 0 Animal Feed 0 Liquid Milk 0 Milk Products 0
Location Wise Break-Up	Location Wise Break-Up India 94.42 Rest of the World 2.55 Others 3.03	Location Wise Break-Up Rest of the World 0.05 India 99.95	Location Wise Break-Up Rest of the World 19.5 India 80.5