Novartis India Ltd. benchmarking: Performance to industry peers

Financial

	Novartis	Gufic Biosciences	Bliss GVS Pharma
Operational Metrics
Pharmaceuticals
Domestic Sales Growth - YoY	-5.28 %	n/a	n/a
Financials
5 yr Average ROE	8.11 %	16.89 %	6.83 %
5yr average Equity Multiplier	2.72	2.16	1.3
5yr Average Asset Turnover Ratio	0.18	0.75	0.62
5yr Avg Net Profit Margin	17.12 %	10.24 %	8.7 %
Price to Book	3.75	4.57	2.48
P/E	32.92	57.68	22.93
5yr Avg Cash Conversion Cycle	-23.33 Days	-15.25 Days	186.56 Days
Inventory Days	44.27 Days	71.73 Days	54.35 Days
Days Receivable	38.18 Days	106.89 Days	189.93 Days
Days Payable	124.28 Days	179.29 Days	75.78 Days
5yr Average Interest Coverage Ratio	65.43	8.9	14.68
5yr Avg ROCE	5.91 %	17.89 %	13.27 %
5yr Avg Operating Profit Margin	15.15 %	18.12 %	17.03 %
5 yr average Debt to Equity	0.0	0.67	0.11
5yr CAGR Net Profit	37.01 %	-2.66 %	4.24 %
5yr Average Return on Assets	3.13 %	7.7 %	5.31 %
Shareholdings
Promoter Holding	70.68 %	72.5 %	35.36 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-2.5 %	0.32 %
Change in Mutual Fund Holding (3 Yrs)	0.0	2.6 %	0.0

	Novartis	Gufic Biosciences	Bliss GVS Pharma
Product Wise Break-Up	Product Wise Break-Up Wholesale of pharmaceuticals and medical goods 100.0 API 0 Muscle Relaxants 0 Cardiovascular 0 Proton pump inhibitors 0 Anti-fungals 0 Anti-bacterials 0 International 0 CMO 0 Domestic 0 Anti Inflammatory 0 Anti-biotic 0 Anti-bacterial 0 Anti-fungal, 0 Antimalarial 0	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 5.0 Anti Inflammatory 0 CMO 30.0 Cardiovascular 0 Muscle Relaxants 0 Anti-bacterial 0 Proton pump inhibitors 0 International 15.0 Anti-biotic 0 Anti-fungals 0 Anti-fungal, 0 0 Anti-bacterials 0 Antimalarial 0 Domestic Pharmaceuticals 50.0	Product Wise Break-Up API 0 Anti Inflammatory 7.0 CMO 0 Cardiovascular 0 Muscle Relaxants 0 Anti-bacterial 0 Proton pump inhibitors 0 International 0 Antibiotics 5.0 Anti-fungals 0 Anti-fungal 16.0 0 Anti-bacterials 0 Anti Malarials 43.0 Domestic 0 Others 29.0
Location Wise Break-Up	Location Wise Break-Up India 100.0 South America 0 Australia 0 North America 0 Europe 0 Asia 0 Africa 0 Rest of the World 0	Location Wise Break-Up North America 1.19 Rest of the World 0 Europe 7.54 South America 2.37 Australia 0.08 Asia Pacific 6.04 Africa 2.95 India 79.83	Location Wise Break-Up North America 0 Rest of the World 93.39 Europe 0 South America 0 Australia 0 Asia 0 Africa 0 India 6.61