Morepen Laboratories Ltd.

Financial

	Morepen Laboratories	Aarti Drugs	Solara Active Pharma
Operational Metrics
API Sector
Global DMFs filed	211.0 .	n/a	n/a
Pharmaceutical Sector
R&D as a % of Total Sales	0.87 %	0.79 %	n/a
Financials
5 yr Average ROE	13.75 %	19.9 %	-8.31 %
5yr average Equity Multiplier	1.84	2.08	1.98
5yr Average Asset Turnover Ratio	1.34	1.13	0.55
5yr Avg Net Profit Margin	5.42 %	8.4 %	-5.56 %
Price to Book	3.07	2.61	2.36
P/E	27.05	21.87	0.0
5yr Avg Cash Conversion Cycle	21.38 Days	82.62 Days	115.03 Days
Inventory Days	53.55 Days	66.37 Days	106.31 Days
Days Receivable	63.5 Days	113.27 Days	125.38 Days
Days Payable	98.41 Days	95.33 Days	142.19 Days
5yr Average Interest Coverage Ratio	39.33	9.51	0.55
5yr Avg ROCE	15.84 %	22.85 %	3.01 %
5yr Avg Operating Profit Margin	8.37 %	14.52 %	10.34 %
5 yr average Debt to Equity	0.04	0.49	0.69
5yr CAGR Net Profit	23.42 %	3.93 %	n/a
5yr Average Return on Assets	7.36 %	9.61 %	-2.61 %
Shareholdings
Promoter Holding	35.65 %	55.48 %	37.94 %
Share Pledged by Promoters	0.0	0.0	34.64 %
Change in Promoter Holding (3 Yrs)	-2.73 %	-4.35 %	-1.77 %
Change in Mutual Fund Holding (3 Yrs)	0.0	6.13 %	-2.01 %

Business

	Morepen Laboratories	Aarti Drugs	Solara Active Pharma
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 73.14 Home Diagnostics / Health 26.86 OTC 0 Finished Formulations 0 Intermediates 0 Speciality Chemicals 0 Formulation 0 API 0 Ibuprofen 0 Active Pharmaceutical Ingredients (API) 0	Product Wise Break-Up Active Pharmaceutical Ingredients (API) 0 Intermediates 3.0 Active Pharmaceutical Ingredient (API) 83.0 Finished Formulations 0 Home Diagnostics / Health 0 Speciality Chemical Intermediates 6.0 Active Pharmaceutical Ingredient (API) 0 Ibuprofen 0 OTC 0 Formulations 8.0	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 100.0 Intermediates 0 API 0 Finished Formulations 0 Home Diagnostics / Health 0 Speciality Chemicals 0 Active Pharmaceutical Ingredient (API) 0 Ibuprofen 0 OTC 0 Formulation 0
Location Wise Break-Up	Location Wise Break-Up India 29.7 Europe 22.0 South America 14.8 USA 4.4 Rest of the World 0 North America 0 Latin America 0 Africa 0 Asia 0 Asia Pacific 0 Others 29.1	Location Wise Break-Up Latin America 10.0 South America 0 Africa 11.0 USA 0 India 0 North America 8.0 Asia Pacific 57.0 Asia Pacific 0 Rest of the World 0 Europe 14.0	Location Wise Break-Up Latin America 0 South America 0.45 Africa 0 USA 0 India 0 North America 6.76 Asia 0 Asia Pacific 55.91 Rest of the World 0 Europe 23.03 Others 13.85