Lincoln Pharmaceuticals Ltd.

Financial

	Lincoln Pharma	Kwality Pharma	Bharat Parenterals
Operational Metrics
Pharmaceutical Sector
Domestic Sales Growth - YoY	8.98 %	n/a	n/a
R&D as a % of Total Sales	1.88 %	n/a	0.31 %
Financials
5 yr Average ROE	15.94 %	25.27 %	12.73 %
5yr average Equity Multiplier	1.3	1.96	1.76
5yr Average Asset Turnover Ratio	0.84	1.05	0.86
5yr Avg Net Profit Margin	14.61 %	11.66 %	8.73 %
Price to Book	1.65	3.76	2.74
P/E	12.84	22.89	0.0
5yr Avg Cash Conversion Cycle	24.49 Days	55.02 Days	122.06 Days
Inventory Days	42.89 Days	67.04 Days	46.56 Days
Days Receivable	90.22 Days	132.46 Days	179.99 Days
Days Payable	111.35 Days	126.93 Days	95.97 Days
5yr Average Interest Coverage Ratio	58.2	16.13	22.68
5yr Avg ROCE	20.48 %	34.73 %	16.02 %
5yr Avg Operating Profit Margin	18.48 %	23.23 %	11.16 %
5 yr average Debt to Equity	0.0	0.46	0.26
5yr CAGR Net Profit	12.65 %	21.34 %	-9.67 %
5yr Average Return on Assets	12.28 %	12.96 %	8.0 %
Shareholdings
Promoter Holding	49.78 %	54.83 %	67.19 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	5.7 %	0.38 %	-6.65 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Lincoln Pharma	Kwality Pharma	Bharat Parenterals
Product Wise Break-Up	Product Wise Break-Up Anti-Infective 26.3 Musculo-Skeletal System 16.7 Parasitology 9.7 Respiratory Systems 8.3 Alimentary Tract and Metabolism 6.3 Cardiac Science 4.3 Genito Urinary System and Sex Hormones 1.3 Central Nervous System (CNS) 0.4 Blood and Blood Forming Organs 0.3 Pharmaceuticals 0 Others 26.4	-	Product Wise Break-Up Parasitology 0 Alimentary Tract and Metabolism 0 Anti-Infective 0 Genito Urinary System and Sex Hormones 0 Central Nervous System (CNS) 0 Musculo-Skeletal System 0 Pharmaceutical 100.0 Respiratory Systems 0 Cardiac Science 0 Blood and Blood Forming Organs 0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 68.6 India 31.4	Location Wise Break-Up Rest of the World 0 India 47.21 Others 52.79	Location Wise Break-Up Rest of the World 62.53 India 37.47
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	-	-