Laurus Labs Ltd. benchmarking: Performance to industry peers

Financial

	Laurus Labs	Acutaas Chemicals	Neuland Laboratories
Operational Metrics
Pharmaceuticals
Fermentation Capacity	250.0 KL	n/a	n/a
Number of ANDA's Filed in Europe	22.0	n/a	n/a
Number of ANDA's Approved in Europe	19.0	n/a	n/a
Number of ANDA's Filed in Canada	23.0	n/a	n/a
Number of ANDA's Approved by Canada	16.0	n/a	n/a
Number of ANDA's Filed in USA	49.0 .	n/a	n/a
Number of ANDA's Approved By USFDA	37.0 .	n/a	n/a
US DMF Filings	92.0 .	n/a	73.0 .
R&D as a % of Total Sales	4.6 %	n/a	4.15 %
Financials
5 yr Average ROE	18.77 %	15.72 %	14.95 %
5yr average Equity Multiplier	2.06	1.57	1.56
5yr Average Asset Turnover Ratio	0.71	0.74	0.74
5yr Avg Net Profit Margin	11.95 %	12.98 %	13.18 %
Price to Book	13.04	14.0	11.26
P/E	77.77	64.99	58.0
5yr Avg Cash Conversion Cycle	91.73 Days	55.02 Days	38.21 Days
Inventory Days	114.71 Days	64.12 Days	87.5 Days
Days Receivable	120.6 Days	90.06 Days	85.17 Days
Days Payable	145.16 Days	127.33 Days	118.14 Days
5yr Average Interest Coverage Ratio	8.98	25.42	20.78
5yr Avg ROCE	22.73 %	20.01 %	17.63 %
5yr Avg Operating Profit Margin	24.36 %	20.92 %	21.01 %
5 yr average Debt to Equity	0.56	0.23	0.15
5yr CAGR Net Profit	-18.29 %	24.06 %	26.4 %
5yr Average Return on Assets	8.99 %	9.8 %	9.87 %
Shareholdings
Promoter Holding	27.49 %	32.66 %	32.63 %
Share Pledged by Promoters	2.69 %	0.0	2.29 %
Change in Promoter Holding (3 Yrs)	0.29 %	-6.75 %	-3.51 %
Change in Mutual Fund Holding (3 Yrs)	5.82 %	9.37 %	10.36 %

	Laurus Labs	Acutaas Chemicals	Neuland Laboratories
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 42.0 Synthesis 29.0 Formulations 25.0 Bio 4.0 Ingredients 0 Specialty Chemicals 0 Pharma Intermediates 0 Generic Drug Substances(GDS) 0 Custom Manufacturing Solutions(CMS) 0	Product Wise Break-Up Custom Manufacturing Solutions(CMS) 0 Pharma Intermediates 89.29 Generic Drug Substances(GDS) 0 Specialty Chemicals 10.71 Active Pharmaceutical Ingredient (API) 0 Formulations 0 Synthesis 0 Ingredients 0 Bio 0	Product Wise Break-Up Custom Manufacturing Solutions(CMS) 28.0 Pharma Intermediates 0 Formulations 67.0 Specialty Chemicals 0 Active Pharmaceutical Ingredient (API) 0 Formulations 0 Synthesis 0 Ingredients 0 Bio 0 Others 5.0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 55.0 Europe 25.0 North America 20.0 India 0 Germany 0 Spain 0 Israel 0 France 0 China 0 Finland 0 Italy 0 USA 0	Location Wise Break-Up China 3.9 North America 0 Rest of the World 0 Germany 3.4 USA 0 Europe 0 Finland 18.6 France 0 Israel 1.9 Italy 14.2 Spain 2.5 India 44.0 Others 11.5	Location Wise Break-Up China 0 North America 0 Rest of the World 10.4 Germany 0 USA 29.35 Europe 29.86 Finland 0 France 0 Israel 0 Italy 0 Spain 0 India 30.39