Bajaj Healthcare Ltd.

Financial

	Bajaj Healthcare	Themis Medicare	Hester Biosciences
Operational Metrics
Pharmaceutical Sector
R&D as a % of Total Sales	1.2 %	3.26 %	1.91 %
Financials
5 yr Average ROE	8.79 %	15.48 %	10.99 %
5yr average Equity Multiplier	2.22	1.56	2.14
5yr Average Asset Turnover Ratio	0.84	0.71	0.46
5yr Avg Net Profit Margin	3.88 %	13.75 %	11.57 %
Price to Book	2.87	2.96	5.44
P/E	28.45	0.0	45.43
5yr Avg Cash Conversion Cycle	130.36 Days	62.99 Days	60.38 Days
Inventory Days	79.52 Days	69.58 Days	100.79 Days
Days Receivable	145.27 Days	159.79 Days	89.02 Days
Days Payable	94.44 Days	137.27 Days	127.62 Days
5yr Average Interest Coverage Ratio	6.35	7.27	6.96
5yr Avg ROCE	22.78 %	17.31 %	11.14 %
5yr Avg Operating Profit Margin	17.36 %	18.07 %	22.71 %
5 yr average Debt to Equity	0.86	0.28	0.75
5yr CAGR Net Profit	-13.82 %	-3.53 %	-4.4 %
5yr Average Return on Assets	4.81 %	9.9 %	5.28 %
Shareholdings
Promoter Holding	59.19 %	67.15 %	53.73 %
Share Pledged by Promoters	0.0	2.43 %	0.0
Change in Promoter Holding (3 Yrs)	-8.11 %	-0.03 %	0.0
Change in Mutual Fund Holding (3 Yrs)	1.66 %	0.0	-0.03 %

Business

	Bajaj Healthcare	Themis Medicare	Hester Biosciences
Product Wise Break-Up	Product Wise Break-Up Bulk Chemicals 100.0 Formulations 0 Formulation 0 API 0 Pharmaceuticals 0 Animal Healthcare 0 Poultry Healthcare 0	Product Wise Break-Up Formulations 0 Formulation 0 Bulk Chemicals 0 Animal Healthcare 0 API 0 Pharmaceutical 100.0 Poultry Healthcare 0	Product Wise Break-Up Formulations 0 Formulation 0 Bulk Chemicals 0 Animal Health 49.92 API 0 Pharmaceuticals 0 Poultry Healthcare 50.08
Location Wise Break-Up	Location Wise Break-Up India 75.88 Rest of the World 24.12 North America 0 Africa 0 Latin America 0 SE Asia 0 Europe 0 Nepal 0	Location Wise Break-Up SE Asia 0 Rest of the World 18.11 North America 0 Africa 0 Latin America 0 Nepal 0 India 81.89 Europe 0	Location Wise Break-Up SE Asia 0 Rest of the World 9.0 North America 0 Africa 0 Latin America 0 Nepal 0 India 91.0 Europe 0
Operating Profit Break-Up	Operating Profit Break-Up Active Pharmaceutical Ingredient (API) 93.29 Formulations 6.71 Animal Healthcare 0 Poultry Healthcare 0	-	Operating Profit Break-Up Formulations 0 Active Pharmaceutical Ingredient (API) 0 Animal Health 58.87 Poultry Healthcare 41.13
Asset Break-Up	Asset Break-Up Active Pharmaceutical Ingredient (API) 90.29 Formulations 9.71 Animal Healthcare 0 Poultry Healthcare 0	-	Asset Break-Up Formulations 0 Active Pharmaceutical Ingredient (API) 0 Animal Health 32.15 Poultry Healthcare 36.79 Others 31.06