Indokem Ltd.

Financial

	Indokem	Nitta Gelatin India	Chemcon Speciality
Operational Metrics
Financials
5 yr Average ROE	-31.44 %	19.33 %	16.09 %
5yr average Equity Multiplier	3.1	1.46	1.24
5yr Average Asset Turnover Ratio	0.93	1.32	0.66
5yr Avg Net Profit Margin	-14.43 %	10.92 %	18.32 %
Price to Book	13.94	2.03	1.7
P/E	272.02	10.24	34.85
5yr Avg Cash Conversion Cycle	20.01 Days	86.08 Days	166.0 Days
Inventory Days	74.1 Days	69.41 Days	75.34 Days
Days Receivable	68.15 Days	61.5 Days	102.14 Days
Days Payable	92.6 Days	37.71 Days	57.21 Days
5yr Average Interest Coverage Ratio	-0.4	29.83	48.93
5yr Avg ROCE	-5.0 %	26.27 %	21.4 %
5yr Avg Operating Profit Margin	-6.54 %	17.36 %	25.05 %
5 yr average Debt to Equity	0.99	0.23	0.13
5yr CAGR Net Profit	-7.54 %	37.0 %	-17.05 %
5yr Average Return on Assets	-8.5 %	14.04 %	12.33 %
Shareholdings
Promoter Holding	68.71 %	74.48 %	74.47 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-2.22 %	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	-0.01 %	-0.04 %	-0.27 %

Business

	Indokem	Nitta Gelatin India	Chemcon Speciality
Product Wise Break-Up	Product Wise Break-Up textile dyes and chemicals and electrical capacitors, 100.0 Dicalcium Phosphate 0 Collagen Peptide 0 Gelatin 0 Ossein / Limed Ossein 0 Oilwell Completion Chemicals 0 CMIC 0 HMDS 0	Product Wise Break-Up HMDS 0 Dicalcium Phosphate 17.79 Oilwell Completion Chemicals 0 CMIC 0 0 Ossein / Limed Ossein 12.41 Gelatin 56.84 Collagen Peptide 11.27 Others 1.69	Product Wise Break-Up HMDS 48.8 Dicalcium Phosphate 0 Oilwell Completion Chemicals 24.0 CMIC 27.2 0 Ossein / Limed Ossein 0 Gelatin 0 Collagen Peptide 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 India 0 Rest of the World 0 International 0	Location Wise Break-Up Rest of the World 45.38 India 54.62 International 0	Location Wise Break-Up Rest of the World 0 India 0 International 43.0 Others 57.0