Vadilal Industries Ltd.

Financial

	Vadilal Industries	Heritage Foods	Parag Milk Foods
Operational Metrics
Unclassified
Advertisement Spend as a % of Total Sales	0.64 %	n/a	4.17 %
Financials
5 yr Average ROE	16.96 %	16.08 %	-13.42 %
5yr average Equity Multiplier	2.1	1.52	2.06
5yr Average Asset Turnover Ratio	1.09	2.86	1.49
5yr Avg Net Profit Margin	7.28 %	3.76 %	-3.2 %
Price to Book	5.37	4.57	2.87
P/E	32.78	26.05	22.8
5yr Avg Cash Conversion Cycle	45.19 Days	9.5 Days	57.6 Days
Inventory Days	85.51 Days	27.67 Days	88.39 Days
Days Receivable	27.72 Days	2.84 Days	22.77 Days
Days Payable	90.05 Days	12.21 Days	49.7 Days
5yr Average Interest Coverage Ratio	5.96	16.55	0.2
5yr Avg ROCE	20.53 %	21.53 %	-1.4 %
5yr Avg Operating Profit Margin	13.88 %	7.15 %	0.9 %
5 yr average Debt to Equity	0.52	0.12	0.64
5yr CAGR Net Profit	28.67 %	4.66 %	-0.67 %
5yr Average Return on Assets	8.52 %	10.66 %	-4.67 %
Shareholdings
Promoter Holding	64.73 %	41.3 %	42.61 %
Share Pledged by Promoters	7.57 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	1.87 %	1.86 %
Change in Mutual Fund Holding (3 Yrs)	-0.01 %	-10.65 %	0.0

Business

	Vadilal Industries	Heritage Foods	Parag Milk Foods
Product Wise Break-Up	Product Wise Break-Up Ice Cream 90.0 Fruit Pulp, Frozen Fruits Etc. 10.0 Animal Feed 0 Renewable Energy 0 Dairy 0 Dietary Supplement 0 Milk Products 0 Liquid Milk 0 Skimmed Milk Powder 0	Product Wise Break-Up Dairy 95.22 Liquid Milk 0 Fruit Pulp, Frozen Fruits Etc. 0 Dietary Supplement 0 Milk Products 0 Skimmed Milk Powder 0 Animal Feed 4.53 Ice Cream 0 Renewable Energy 0.25	Product Wise Break-Up Dairy 0 Liquid Milk 10.0 Fruit Pulp, Frozen Fruits Etc. 0 Dietary Supplement 9.0 Milk Products 57.0 Skimmed Milk Powder 14.0 Animal Feed 0 Ice Cream 0 Renewable Energy 0 Others 10.0
Location Wise Break-Up	Location Wise Break-Up India 81.26 Rest of the World 18.74	Location Wise Break-Up Rest of the World 0.05 India 99.95	Location Wise Break-Up Rest of the World 1.17 India 98.83