Bajaj Healthcare Ltd.

Financial

	Bajaj Healthcare	SMS Pharmaceuticals	IOL Chem & Pharma
Operational Metrics
Pharmaceutical Sector
R&D as a % of Total Sales	0.35 %	1.61 %	0.91 %
Financials
5 yr Average ROE	9.93 %	9.06 %	9.87 %
5yr average Equity Multiplier	2.26	1.9	1.41
5yr Average Asset Turnover Ratio	0.95	0.64	1.03
5yr Avg Net Profit Margin	3.65 %	7.28 %	6.75 %
Price to Book	4.76	3.41	1.12
P/E	0.0	29.08	19.13
5yr Avg Cash Conversion Cycle	15.4 Days	93.25 Days	45.42 Days
Inventory Days	51.52 Days	116.73 Days	64.41 Days
Days Receivable	72.17 Days	93.46 Days	83.56 Days
Days Payable	83.01 Days	81.31 Days	94.27 Days
5yr Average Interest Coverage Ratio	7.11	4.77	17.62
5yr Avg ROCE	24.2 %	12.12 %	13.96 %
5yr Avg Operating Profit Margin	16.67 %	17.98 %	10.94 %
5 yr average Debt to Equity	0.86	0.53	0.03
5yr CAGR Net Profit	n/a	9.56 %	-4.32 %
5yr Average Return on Assets	5.32 %	4.75 %	6.97 %
Shareholdings
Promoter Holding	59.19 %	64.67 %	52.62 %
Share Pledged by Promoters	0.0	19.4 %	0.0
Change in Promoter Holding (3 Yrs)	-8.07 %	-2.62 %	8.93 %
Change in Mutual Fund Holding (3 Yrs)	1.64 %	2.55 %	-0.48 %

Business

	Bajaj Healthcare	SMS Pharmaceuticals	IOL Chem & Pharma
Product Wise Break-Up	Product Wise Break-Up Bulk Chemicals 100.0 Formulations 0 Pharmaceuticals 0 API 0 Chemicals 0 Ethyl Acetate 0 Ibuprofen 0 Pantaprazole 0 Clopidogrel 0 Metformin 0	Product Wise Break-Up Chemicals 0 Pantaprazole 0 Pharmaceutical 100.0 Ibuprofen 0 Metformin 0 Bulk Chemicals 0 Ethyl Acetate 0 Clopidogrel 0 Formulations 0 API 0	Product Wise Break-Up Chemicals 43.0 Pantaprazole 0 Pharmaceuticals 0 Ibuprofen 37.0 Metformin 0 Bulk Chemicals 0 Ethyl Acetate 0 Clopidogrel 0 Formulations 0 API 20.0
Location Wise Break-Up	Location Wise Break-Up India 75.88 Rest of the World 24.12	Location Wise Break-Up India 13.0 Rest of the World 87.0	Location Wise Break-Up India 73.37 Rest of the World 26.63
Operating Profit Break-Up	Operating Profit Break-Up Active Pharmaceutical Ingredient (API) 93.29 Formulations 6.71 Pharmaceuticals 0 Chemicals 0	-	Operating Profit Break-Up Active Pharmaceutical Ingredient (API) 0 Chemicals 15.29 Pharmaceuticals 84.71 Formulations 0
Asset Break-Up	Asset Break-Up Active Pharmaceutical Ingredient (API) 90.29 Formulations 9.71 India 0 Pharmaceuticals 0 Chemicals 0	Asset Break-Up Chemicals 0 Pharmaceuticals 0 India 100.0 Formulations 0 Active Pharmaceutical Ingredient (API) 0	Asset Break-Up Chemicals 23.04 Pharmaceuticals 57.11 India 0 Formulations 0 Active Pharmaceutical Ingredient (API) 0 Others 19.85