Laurus Labs Ltd.

Financial

	Laurus Labs	PI Industries	Aurobindo Pharma
Operational Metrics
API Sector
US DMF Filings	83.0 .	n/a	291.0 .
Pharmaceutical Sector
Number of ANDA's Filed in Europe	18.0	n/a	n/a
Number of ANDA's Approved in Europe	14.0	n/a	n/a
Number of ANDA's Filed in USA	40.0 .	n/a	830.0 .
Number of ANDA's Approved By USFDA	32.0 .	n/a	685.0 .
Number of ANDA's Approved by Canada	15.0	n/a	n/a
Number of ANDA's Filed in Canada	22.0	n/a	n/a
R&D as a % of Total Sales	4.8 %	n/a	5.2 %
Financials
5 yr Average ROE	20.05 %	16.01 %	15.24 %
5yr average Equity Multiplier	2.06	1.59	1.59
5yr Average Asset Turnover Ratio	0.74	0.64	0.72
5yr Avg Net Profit Margin	12.47 %	15.8 %	13.0 %
Price to Book	5.74	6.53	2.38
P/E	149.57	33.9	22.4
5yr Avg Cash Conversion Cycle	109.81 Days	30.17 Days	-29.67 Days
Inventory Days	110.32 Days	71.45 Days	60.22 Days
Days Receivable	117.42 Days	44.38 Days	30.42 Days
Days Payable	143.67 Days	101.84 Days	111.73 Days
5yr Average Interest Coverage Ratio	9.19	48.31	43.11
5yr Avg ROCE	24.17 %	18.47 %	18.43 %
5yr Avg Operating Profit Margin	24.88 %	24.01 %	20.43 %
5 yr average Debt to Equity	0.56	0.06	0.27
5yr CAGR Net Profit	-9.19 %	24.55 %	-4.01 %
5yr Average Return on Assets	9.61 %	10.13 %	9.53 %
Shareholdings
Promoter Holding	27.19 %	46.09 %	51.83 %
Share Pledged by Promoters	0.0	0.0	20.86 %
Change in Promoter Holding (3 Yrs)	-0.26 %	-0.65 %	-0.11 %
Change in Mutual Fund Holding (3 Yrs)	4.63 %	1.13 %	8.99 %

Business

	Laurus Labs	PI Industries	Aurobindo Pharma
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 52.0 Formulations 30.0 Synthesis 16.0 Bio 2.0 Ingredients 0 Formulations 0 Active Ingredients and Intermediates 0 API 0	Product Wise Break-Up Synthesis 0 Formulations 20.54 API 0 Active Pharmaceutical Ingredient (API) 78.31 Ingredients 0 Bio 0 Active Pharmaceutical Ingredient (API) 0 Others 1.15	Product Wise Break-Up Synthesis 0 Formulations 85.88 Active Pharmaceutical Ingredient (API) 13.44 Active Ingredients and Intermediates 0 Ingredients 0 Bio 0 Active Pharmaceutical Ingredient (API) 0 Others 0.68
Location Wise Break-Up	Location Wise Break-Up Rest of the World 56.0 Europe 27.0 North America 17.0 India 0 Asia Ex India 0 USA 0	Location Wise Break-Up Europe 0 Asia Ex India 0 India 14.04 USA 0 North America 0 Rest of the World 85.96	Location Wise Break-Up Europe 24.2 Asia Ex India 0 India 9.0 USA 47.3 North America 0 Rest of the World 19.5