Lincoln Pharmaceuticals Ltd.

Financial

	Lincoln Pharma	Bharat Parenterals	Kwality Pharma
Operational Metrics
Pharmaceutical Sector
Domestic Sales Growth - YoY	8.98 %	n/a	n/a
R&D as a % of Total Sales	1.93 %	0.41 %	n/a
Financials
5 yr Average ROE	15.94 %	12.73 %	25.87 %
5yr average Equity Multiplier	1.3	1.76	2.2
5yr Average Asset Turnover Ratio	0.84	0.86	1.09
5yr Avg Net Profit Margin	14.61 %	8.73 %	10.7 %
Price to Book	1.59	3.17	4.42
P/E	12.99	0.0	29.28
5yr Avg Cash Conversion Cycle	24.49 Days	122.06 Days	46.51 Days
Inventory Days	42.89 Days	46.56 Days	59.9 Days
Days Receivable	90.22 Days	179.99 Days	110.56 Days
Days Payable	111.35 Days	95.97 Days	112.27 Days
5yr Average Interest Coverage Ratio	58.2	22.68	15.91
5yr Avg ROCE	20.48 %	16.02 %	34.24 %
5yr Avg Operating Profit Margin	18.48 %	11.16 %	20.92 %
5 yr average Debt to Equity	0.0	0.26	0.52
5yr CAGR Net Profit	12.65 %	-9.67 %	23.39 %
5yr Average Return on Assets	12.28 %	8.0 %	12.43 %
Shareholdings
Promoter Holding	49.78 %	67.19 %	54.83 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	5.7 %	-6.65 %	0.38 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Lincoln Pharma	Bharat Parenterals	Kwality Pharma
Product Wise Break-Up	Product Wise Break-Up Anti-Infective 27.3 Musculo-Skeletal System 15.3 Respiratory Systems 7.1 Parasitology 6.3 Alimentary Tract and Metabolism 6.2 Cardiac Science 4.2 Genito Urinary System and Sex Hormones 1.4 Blood and Blood Forming Organs 0.4 Central Nervous System (CNS) 0.1 Pharmaceuticals 0 Others 31.7	Product Wise Break-Up Cardiac Science 0 Alimentary Tract and Metabolism 0 Respiratory Systems 0 Genito Urinary System and Sex Hormones 0 Musculo-Skeletal System 0 Central Nervous System (CNS) 0 Anti-Infective 0 Blood and Blood Forming Organs 0 Pharmaceutical 100.0 Parasitology 0	-
Location Wise Break-Up	Location Wise Break-Up Rest of the World 55.8 India 44.2	Location Wise Break-Up Rest of the World 62.53 India 37.47	Location Wise Break-Up Rest of the World 0 India 54.93 Others 45.07
Therapeutic Area Break-Up	Therapeutic Area Break-Up Central Nervous System 0 Cardiovascular System 0 Blood and Blood Forming Organs 0 Parasitology 0 Musculo Skeletal System 0 Urinary System & Sex Hormones 0 Alimentary Tract & Metabolism 0 Respiratory 0 Anti Infective 0 Others 100	-	-