Smruthi Organics Ltd.

Financial

	Smruthi Organics	Tyche Inds	Bal Pharma
Operational Metrics
Unclassified
R&D as a % of Total Sales	3.58 %	1.3 %	0.88 %
Financials
5 yr Average ROE	12.07 %	14.86 %	1.96 %
5yr average Equity Multiplier	1.54	1.18	4.59
5yr Average Asset Turnover Ratio	1.28	0.6	0.98
5yr Avg Net Profit Margin	6.02 %	20.15 %	-0.04 %
Price to Book	2.04	1.05	2.07
P/E	41.03	11.51	22.14
5yr Avg Cash Conversion Cycle	70.37 Days	86.71 Days	41.77 Days
Inventory Days	63.4 Days	61.45 Days	106.16 Days
Days Receivable	105.63 Days	108.17 Days	104.16 Days
Days Payable	96.18 Days	93.08 Days	132.37 Days
5yr Average Interest Coverage Ratio	10.52	2385.83	1.22
5yr Avg ROCE	16.62 %	19.65 %	15.4 %
5yr Avg Operating Profit Margin	12.47 %	23.57 %	7.79 %
5 yr average Debt to Equity	0.14	0.0	2.03
5yr CAGR Net Profit	-26.95 %	-6.96 %	n/a
5yr Average Return on Assets	8.16 %	12.43 %	0.43 %
Shareholdings
Promoter Holding	64.73 %	61.97 %	50.86 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	1.34 %	0.0	1.29 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Smruthi Organics	Tyche Inds	Bal Pharma
Product Wise Break-Up	Product Wise Break-Up Bulk Chemicals 100.0 Manufacture of bulk drugs intermediates 0 Formulations 0 API 0	Product Wise Break-Up Bulk Chemicals 0 Formulations 0 Bulk Chemicals 100.0 API 0	Product Wise Break-Up Bulk Chemicals 0 Formulations 45.98 Manufacture of bulk drugs intermediates 0 Active Pharmaceutical Ingredient (API) 48.19 Others 5.83
Location Wise Break-Up	Location Wise Break-Up International 53.84 Domestic 46.16 Rest of the World 0 India 0	Location Wise Break-Up India 0 Domestic 32.92 Rest of the World 0 International 67.08	Location Wise Break-Up India 35.85 Domestic 0 Rest of the World 64.15 International 0