Valiant Laboratories Ltd.

Financial

	Valiant Laboratories	SMS Lifesciences	Zim Laboratories
Operational Metrics
Financials
5 yr Average ROE	22.49 %	9.57 %	6.88 %
5yr average Equity Multiplier	2.04	2.31	1.92
5yr Average Asset Turnover Ratio	1.23	0.88	0.96
5yr Avg Net Profit Margin	6.1 %	4.57 %	3.75 %
Price to Book	1.91	2.36	1.77
P/E	0.0	19.24	27.9
5yr Avg Cash Conversion Cycle	77.97 Days	-0.85 Days	35.7 Days
Inventory Days	19.05 Days	83.06 Days	67.21 Days
Days Receivable	134.62 Days	52.44 Days	97.06 Days
Days Payable	71.52 Days	150.03 Days	149.76 Days
5yr Average Interest Coverage Ratio	238.24	4.15	3.65
5yr Avg ROCE	18.33 %	10.58 %	13.04 %
5yr Avg Operating Profit Margin	6.8 %	10.06 %	11.53 %
5 yr average Debt to Equity	0.59	0.54	0.42
5yr CAGR Net Profit	-58.96 %	-2.24 %	39.21 %
5yr Average Return on Assets	9.61 %	4.11 %	3.71 %
Shareholdings
Promoter Holding	74.94 %	71.41 %	33.26 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	2.45 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Valiant Laboratories	SMS Lifesciences	Zim Laboratories
Product Wise Break-Up	Product Wise Break-Up Paracetamol 100.0 API`S 0 Pharma 0	Product Wise Break-Up Paracetamol 0 Pharma 0 API`S 0 Others 100	Product Wise Break-Up Paracetamol 0 Pharmaceutical 100.0 API`S 0
Location Wise Break-Up	Location Wise Break-Up India 99.49 Rest of the World 0 Asia (Ex India) 0 Africa 0 Middle East 0 Others 0.51	Location Wise Break-Up Middle East 0 India 55.66 Africa 0 Rest of the World 44.33 Asia (Ex India) 0 Others 0.01	Location Wise Break-Up Middle East 27.0 India 22.0 Africa 12.0 Rest of the World 0 Asia (Ex India) 34.0 Others 5.0
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 100.0	-	-