Smruthi Organics Ltd.

Financial

	Smruthi Organics	Bal Pharma	Asahi Songwon Colors
Operational Metrics
Unclassified
R&D as a % of Total Sales	2.64 %	1.02 %	0.15 %
Financials
5 yr Average ROE	17.8 %	0.96 %	7.52 %
5yr average Equity Multiplier	1.85	4.45	1.82
5yr Average Asset Turnover Ratio	1.41	0.94	0.9
5yr Avg Net Profit Margin	7.17 %	-0.14 %	5.61 %
Price to Book	2.56	2.48	1.83
P/E	65.34	44.54	56.88
5yr Avg Cash Conversion Cycle	69.6 Days	39.08 Days	66.37 Days
Inventory Days	54.58 Days	108.27 Days	64.96 Days
Days Receivable	84.3 Days	101.56 Days	71.49 Days
Days Payable	89.06 Days	117.24 Days	63.69 Days
5yr Average Interest Coverage Ratio	10.6	1.1	8.43
5yr Avg ROCE	25.49 %	13.66 %	9.04 %
5yr Avg Operating Profit Margin	14.4 %	8.32 %	10.97 %
5 yr average Debt to Equity	0.28	2.0	0.37
5yr CAGR Net Profit	-8.37 %	-7.48 %	n/a
5yr Average Return on Assets	10.21 %	0.26 %	4.88 %
Shareholdings
Promoter Holding	63.84 %	51.23 %	66.77 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.45 %	6.25 %	0.13 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Smruthi Organics	Bal Pharma	Asahi Songwon Colors
Product Wise Break-Up	Product Wise Break-Up Bulk Chemicals 100.0 Formulations 0 API 0 AZO 0 Phthalocyanine 0	Product Wise Break-Up Bulk Chemicals 0 Active Pharmaceutical Ingredient (API) 49.98 Formulations 50.02 AZO 0 Phthalocyanine 0	Product Wise Break-Up Bulk Chemicals 0 API 23.0 Formulations 0 AZO 11.0 Phthalocyanine 66.0
Location Wise Break-Up	Location Wise Break-Up Domestic 64.17 International 35.83 Rest of the World 0 India 0	Location Wise Break-Up Domestic 0 Rest of the World 69.25 International 0 India 30.75	Location Wise Break-Up Domestic 0 Rest of the World 60.0 International 0 India 40.0