Valiant Organics Ltd.

Financial

	Valiant Organics	Valiant Laboratories	Indoco Remedies
Operational Metrics
Chemical Sector
Realization / Tonne - Chemicals	170644.53 Rs/MT	n/a	n/a
Quarterly Sales Volume - Chemicals	8673.0 Tonnes	n/a	n/a
Speciality Chemicals
Manufacturing Capacity - Speciality Chemicals	74400.0 MTPA	n/a	n/a
EBITDA/Tonne - Specialty Chemicals	4381.41 Rs/Tonne	n/a	n/a
Financials
5 yr Average ROE	27.47 %	33.67 %	9.23 %
5yr average Equity Multiplier	1.79	2.33	1.77
5yr Average Asset Turnover Ratio	1.05	1.58	0.91
5yr Avg Net Profit Margin	14.2 %	9.05 %	5.59 %
Price to Book	1.6	6.32	2.87
P/E	29.25	22.99	30.2
5yr Avg Cash Conversion Cycle	61.56 Days	48.64 Days	50.62 Days
Inventory Days	29.93 Days	17.02 Days	67.15 Days
Days Receivable	99.81 Days	96.81 Days	70.89 Days
Days Payable	73.94 Days	67.4 Days	140.07 Days
5yr Average Interest Coverage Ratio	37.93	361.71	7.2
5yr Avg ROCE	31.75 %	27.61 %	13.14 %
5yr Avg Operating Profit Margin	23.55 %	13.57 %	15.39 %
5 yr average Debt to Equity	0.42	0.72	0.35
5yr CAGR Net Profit	-7.94 %	1.07 %	n/a
5yr Average Return on Assets	15.59 %	14.37 %	5.36 %
Shareholdings
Promoter Holding	37.77 %	74.94 %	58.72 %
Share Pledged by Promoters	0.21 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-4.89 %	0.0	0.03 %
Change in Mutual Fund Holding (3 Yrs)	-2.14 %	0.0	-0.83 %

Business

	Valiant Organics	Valiant Laboratories	Indoco Remedies
Product Wise Break-Up	Product Wise Break-Up Para Nitro Aniline 26.0 Phencyclidine 20.0 Paracetamol 14.0 OA 13.0 0ctacalcium Phosphate 7.0 2,4 Herbicide 2.0 CRO, Analytical Services 0 API 0 Formulation 0 Others 18.0	Product Wise Break-Up OA 0 0ctacalcium Phosphate 0 2,4 Herbicide 0 Para Nitro Aniline 0 Phencyclidine 0 API 0 Paracetamol 99.35 Formulation 0 CRO, Analytical Services 0 Others 0.65	Product Wise Break-Up OA 0 0ctacalcium Phosphate 0 2,4 Herbicide 0 Para Nitro Aniline 0 Phencyclidine 0 Active Pharmaceutical Ingredient (API) 5.0 Paracetamol 0 Formulations 95.0 CRO, Analytical Services 0
Chemistry Break-Up	Chemistry Break-Up Hydrogenation 41.0 Ammonolysis 27.0 Chlorination 25.0 Others 7.0	-	-
Location Wise Break-Up	Location Wise Break-Up India 93.77 China 0 Europe 0 North America 0 Japan 0 Rest of the World 0 Others 6.23	Location Wise Break-Up Rest of the World 0 India 99.61 Japan 0 Europe 0 North America 0 China 0 Others 0.39	Location Wise Break-Up Rest of the World 45.3 India 54.7 Japan 0 Europe 0 North America 0 China 0
Verticals	Verticals Dyes & Pigments 41.0 Pharmaceuticals 31.0 Agrochemicals 25.0 Specialty Chemicals 3.0	-	-
Raw Material Break-Up	Raw Material Break-Up Phenol 16.0 ONA 14.0 PNCB 14.0 Hydrogen Gas 3.0 Others 53.0	-	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 100.0	Asset Break-Up - Geography Wise India 100.0	-