Shilpa Medicare Ltd. benchmarking: Perfomance to industry peers

Financial

	Shilpa Medicare	Supriya Lifescience	Aarti Pharmalabs
Operational Metrics
Pharmaceuticals
Number of ANDA's Filed in USA	30.0 .	n/a	n/a
Number of ANDA's Approved By USFDA	17.0 .	n/a	n/a
Number of ANDA's Filed in Europe	83.0	n/a	n/a
US DMF Filings	49.0 .	n/a	n/a
R&D as a % of Total Sales	3.76 %	n/a	n/a
Financials
5 yr Average ROE	3.31 %	23.4 %	9.05 %
5yr average Equity Multiplier	1.62	1.25	1.39
5yr Average Asset Turnover Ratio	0.37	0.68	0.58
5yr Avg Net Profit Margin	5.49 %	25.52 %	8.95 %
Price to Book	2.53	5.45	3.3
P/E	45.01	32.35	28.19
5yr Avg Cash Conversion Cycle	92.76 Days	-10.96 Days	94.46 Days
Inventory Days	108.8 Days	56.1 Days	94.9 Days
Days Receivable	118.16 Days	57.43 Days	94.46 Days
Days Payable	123.42 Days	113.66 Days	76.47 Days
5yr Average Interest Coverage Ratio	3.59	60.74	12.05
5yr Avg ROCE	5.94 %	30.51 %	12.13 %
5yr Avg Operating Profit Margin	17.75 %	36.15 %	15.5 %
5 yr average Debt to Equity	0.43	0.06	0.16
5yr CAGR Net Profit	-11.93 %	8.75 %	n/a
5yr Average Return on Assets	2.0 %	17.81 %	6.11 %
Shareholdings
Promoter Holding	44.23 %	68.3 %	42.88 %
Share Pledged by Promoters	7.92 %	0.0	0.01 %
Change in Promoter Holding (3 Yrs)	-5.78 %	0.06 %	-3.1 %
Change in Mutual Fund Holding (3 Yrs)	3.25 %	-1.7 %	-4.32 %

	Shilpa Medicare	Supriya Lifescience	Aarti Pharmalabs
Product Wise Break-Up	Product Wise Break-Up Pharmaceutical 100.0 Power sales 0 Pharmaceuticals 0 Xanthine derivatives & Intermediates 0 API and Intermediates 0 CMO/CDMO 0	Product Wise Break-Up Pharmaceutical 0 Power sales 0 API and Intermediates 0 Xanthine derivatives & Intermediates 0 CMO/CDMO 0 Pharmaceuticals 100.0	Product Wise Break-Up Pharmaceutical 0 Power sales 0 API 39.4 Xanthine 50.9 CDMO 9.7 Pharmaceuticals 0
Location Wise Break-Up	Location Wise Break-Up Europe 28.78 Rest of the World 17.27 USA 14.39 India 6.47 North America 0 LAC 0 Others 33.09	Location Wise Break-Up USA 0 Europe 37.0 India 0 Latin America 21.0 Rest of the World 0 North America 3.0 Others 39.0	Location Wise Break-Up USA 0 Europe 0 India 47.0 LAC 0 Rest of the World 0 North America 0 Others 53.0