Poddar Pigments Ltd.

Financial

	Poddar Pigments	Vipul Organics	Asahi Songwon Colors
Operational Metrics
Paints & Coatings Sector
Capacity Utilization - Pigments	95.0 %	n/a	n/a
Manufacturing Capacity - Pigments	14100.0 MTPA	n/a	16200.0 MTPA
Financials
5 yr Average ROE	9.06 %	10.86 %	7.33 %
5yr average Equity Multiplier	1.23	2.54	1.99
5yr Average Asset Turnover Ratio	0.98	1.06	0.86
5yr Avg Net Profit Margin	7.61 %	3.96 %	5.31 %
Price to Book	0.87	5.62	1.66
P/E	13.86	81.21	23.86
5yr Avg Cash Conversion Cycle	74.94 Days	44.57 Days	74.14 Days
Inventory Days	54.31 Days	68.89 Days	64.14 Days
Days Receivable	52.22 Days	95.41 Days	98.27 Days
Days Payable	26.07 Days	154.69 Days	75.13 Days
5yr Average Interest Coverage Ratio	64.83	5.72	7.71
5yr Avg ROCE	12.07 %	16.11 %	6.6 %
5yr Avg Operating Profit Margin	10.05 %	10.28 %	8.55 %
5 yr average Debt to Equity	0.0	0.59	0.47
5yr CAGR Net Profit	6.28 %	-6.92 %	-2.56 %
5yr Average Return on Assets	7.33 %	4.17 %	4.4 %
Shareholdings
Promoter Holding	62.43 %	68.64 %	66.83 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	2.42 %	0.19 %
Change in Mutual Fund Holding (3 Yrs)	-0.01 %	0.0	0.0

Business

	Poddar Pigments	Vipul Organics	Asahi Songwon Colors
Product Wise Break-Up	Product Wise Break-Up Special Master Batches 100.0 0 AZO 0 API 0 Phthalocyanine 0	Product Wise Break-Up AZO 0 Special Master Batches 0 Phthalocyanine 0 Dyes & Pigments 100.0 API 0	Product Wise Break-Up AZO 12.0 Special Master Batches 0 Phthalocyanine 66.0 0 API 22.0
Location Wise Break-Up	Location Wise Break-Up India 83.8 Rest of the World 16.2	-	Location Wise Break-Up Rest of the World 56.0 India 44.0
Raw Material Break-Up	Raw Material Break-Up Pigments 61.05 Polymer Resins 35.51 Waxes 2.01 Others 1.43	-	-