Vadilal Industries Ltd.

Financial

	Vadilal Industries	Parag Milk Foods	Heritage Foods
Operational Metrics
Unclassified
Advertisement Spend as a % of Total Sales	1.33 %	3.92 %	n/a
Financials
5 yr Average ROE	17.93 %	-13.15 %	16.08 %
5yr average Equity Multiplier	1.95	2.09	1.52
5yr Average Asset Turnover Ratio	1.11	1.54	2.86
5yr Avg Net Profit Margin	8.32 %	-3.28 %	3.76 %
Price to Book	5.56	3.47	4.64
P/E	27.64	29.79	26.45
5yr Avg Cash Conversion Cycle	39.37 Days	46.96 Days	9.5 Days
Inventory Days	84.18 Days	83.94 Days	27.67 Days
Days Receivable	31.68 Days	25.24 Days	2.84 Days
Days Payable	86.21 Days	48.33 Days	12.21 Days
5yr Average Interest Coverage Ratio	8.31	-0.19	16.55
5yr Avg ROCE	21.49 %	-1.35 %	21.53 %
5yr Avg Operating Profit Margin	15.1 %	0.44 %	7.15 %
5 yr average Debt to Equity	0.4	0.66	0.12
5yr CAGR Net Profit	100.58 %	41.83 %	4.66 %
5yr Average Return on Assets	9.83 %	-4.62 %	10.66 %
Shareholdings
Promoter Holding	64.73 %	42.61 %	41.3 %
Share Pledged by Promoters	7.57 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	1.86 %	1.87 %
Change in Mutual Fund Holding (3 Yrs)	-0.01 %	0.0	-11.59 %

Business

	Vadilal Industries	Parag Milk Foods	Heritage Foods
Product Wise Break-Up	Product Wise Break-Up Ice Cream 90.0 Fruit Pulp, Frozen Fruits Etc. 10.0 Dietary Supplement 0 Milk Products 0 Liquid Milk 0 Skimmed Milk Powder 0 Animal Feed 0 Renewable Energy 0 Dairy 0	Product Wise Break-Up Dietary Supplement 9.0 Liquid Milk 10.0 Fruit Pulp, Frozen Fruits Etc. 0 Skimmed Milk Powder 14.0 Dairy 0 Milk Products 57.0 Ice Cream 0 Animal Feed 0 Renewable Energy 0 Others 10.0	Product Wise Break-Up Dietary Supplement 0 Liquid Milk 0 Fruit Pulp, Frozen Fruits Etc. 0 Skimmed Milk Powder 0 Dairy 95.22 Milk Products 0 Ice Cream 0 Animal Feed 4.53 Renewable Energy 0.25
Location Wise Break-Up	Location Wise Break-Up India 80.5 Rest of the World 19.5	Location Wise Break-Up Rest of the World 2.55 India 94.42 Others 3.03	Location Wise Break-Up Rest of the World 0.05 India 99.95