Aurobindo Pharma Ltd.

Financial

	Aurobindo Pharma	Alkem Laboratories	Glenmark Pharma
Operational Metrics
Pharmaceutical Sector
Number of ANDA's Filed in USA	861.0 .	185.0 .	13.0 .
Number of ANDA's Approved By USFDA	719.0 .	158.0 .	25.0 .
US DMF Filings	309.0 .	n/a	n/a
Europe DMF Filings	2096.0 .	n/a	n/a
R&D as a % of Total Sales	5.05 %	5.0 %	7.3 %
Financials
5 yr Average ROE	13.97 %	17.38 %	4.18 %
5yr average Equity Multiplier	1.51	1.39	1.88
5yr Average Asset Turnover Ratio	0.71	0.86	0.79
5yr Avg Net Profit Margin	12.77 %	14.54 %	2.73 %
Price to Book	1.92	4.88	6.59
P/E	17.99	27.03	55.71
5yr Avg Cash Conversion Cycle	-49.62 Days	-61.46 Days	-121.67 Days
Inventory Days	59.48 Days	56.11 Days	40.44 Days
Days Receivable	28.34 Days	44.62 Days	36.38 Days
Days Payable	115.71 Days	122.42 Days	201.37 Days
5yr Average Interest Coverage Ratio	43.78	24.48	3.48
5yr Avg ROCE	16.69 %	22.76 %	16.29 %
5yr Avg Operating Profit Margin	19.28 %	18.44 %	15.62 %
5 yr average Debt to Equity	0.21	0.18	0.49
5yr CAGR Net Profit	2.21 %	6.44 %	n/a
5yr Average Return on Assets	9.18 %	12.47 %	1.86 %
Shareholdings
Promoter Holding	51.82 %	53.04 %	46.65 %
Share Pledged by Promoters	17.08 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.01 %	-4.1 %	0.0
Change in Mutual Fund Holding (3 Yrs)	9.14 %	8.82 %	9.74 %

Business

	Aurobindo Pharma	Alkem Laboratories	Glenmark Pharma
Product Wise Break-Up	Product Wise Break-Up Formulations 87.25 Active Pharmaceutical Ingredient (API) 12.75 Pharmaceutical 0 Glenmark Pharma (Branded generics) 0 Glenmark generics 0	Product Wise Break-Up Glenmark generics 0 Glenmark Pharma (Branded generics) 0 Pharmaceutical 100.0 Active Pharmaceutical Ingredient (API) 0 Formulations 0	Product Wise Break-Up Formulations 39.54 Branded Generics 60.46 Pharmaceutical 0 Active Pharmaceutical Ingredient (API) 0 Formulations 0
Location Wise Break-Up	Location Wise Break-Up USA 48.6 Europe 25.6 Rest of the World 15.8 India 10.0 Latin America 0 North America 0	Location Wise Break-Up India 68.66 USA 31.34 Europe 0 Latin America 0 North America 0 Rest of the World 0	Location Wise Break-Up India 29.0 USA 0 Europe 22.5 Latin America 0 North America 21.9 Rest of the World 24.3 Others 2.3
Asset Break-Up	Asset Break-Up India 65.36 USA 18.29 Europe 8.08 Rest of the World 0 Latin America 0 North America 0 Others 8.27	Asset Break-Up India 70.19 USA 28.27 Europe 0 Latin America 0 North America 0 Rest of the World 0 Others 1.54	Asset Break-Up India 50.13 USA 0 Europe 3.35 Latin America 6.22 North America 40.3 Rest of the World 0