Morepen Laboratories Ltd.

Financial

	Morepen Laboratories	IOL Chem & Pharma	Solara Active Pharma
Operational Metrics
Pharmaceutical Sector
Global DMFs filed	211.0 .	n/a	n/a
R&D as a % of Total Sales	0.87 %	1.01 %	n/a
Financials
5 yr Average ROE	13.75 %	8.9 %	-8.31 %
5yr average Equity Multiplier	1.84	1.42	1.98
5yr Average Asset Turnover Ratio	1.34	0.99	0.55
5yr Avg Net Profit Margin	5.42 %	6.28 %	-5.56 %
Price to Book	2.74	1.74	2.67
P/E	26.82	29.13	119.02
5yr Avg Cash Conversion Cycle	21.38 Days	37.81 Days	115.03 Days
Inventory Days	53.55 Days	65.55 Days	106.31 Days
Days Receivable	63.5 Days	86.45 Days	125.38 Days
Days Payable	98.41 Days	100.1 Days	142.19 Days
5yr Average Interest Coverage Ratio	39.33	15.8	0.55
5yr Avg ROCE	15.84 %	12.63 %	3.01 %
5yr Avg Operating Profit Margin	8.37 %	10.64 %	10.34 %
5 yr average Debt to Equity	0.04	0.04	0.69
5yr CAGR Net Profit	23.42 %	-9.63 %	n/a
5yr Average Return on Assets	7.36 %	6.27 %	-2.61 %
Shareholdings
Promoter Holding	35.65 %	52.62 %	42.01 %
Share Pledged by Promoters	0.0	0.0	38.95 %
Change in Promoter Holding (3 Yrs)	-1.09 %	8.93 %	1.61 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	-1.56 %

Business

	Morepen Laboratories	IOL Chem & Pharma	Solara Active Pharma
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 73.0 Home Diagnostics / Health 27.0 OTC 0 Finished Formulations 0 API 0 Chemicals 0 Ethyl Acetate 0 Ibuprofen 0 Pantaprazole 0 Clopidogrel 0 Metformin 0 Active Pharmaceutical Ingredients (API) 0	Product Wise Break-Up Home Diagnostics / Health 0 Active Pharmaceutical Ingredients (API) 0 Ethyl Acetate 0 Pantaprazole 0 Clopidogrel 0 Metformin 0 OTC 0 Ibuprofen 37.0 Finished Formulations 0 Chemicals 43.0 Active Pharmaceutical Ingredient (API) 0 API 20.0	Product Wise Break-Up Home Diagnostics / Health 0 Active Pharmaceutical Ingredient (API) 100.0 Ethyl Acetate 0 Pantaprazole 0 Clopidogrel 0 Metformin 0 OTC 0 Ibuprofen 0 Finished Formulations 0 Chemicals 0 Active Pharmaceutical Ingredient (API) 0 API 0
Location Wise Break-Up	Location Wise Break-Up India 27.47 Europe 22.58 USA 15.78 South America 3.4 Rest of the World 0 North America 0 Asia Pacific 0 Others 30.77	Location Wise Break-Up South America 0 India 73.0 USA 0 Europe 0 Asia Pacific 0 North America 0 Rest of the World 27.0	Location Wise Break-Up South America 0.45 India 0 USA 0 Europe 23.03 Asia Pacific 55.91 North America 6.76 Rest of the World 0 Others 13.85