Ajanta Pharma Ltd.

Financial

	Ajanta Pharma	Gland Pharma	JB Chem & Pharma
Operational Metrics
Pharmaceutical Sector
Number of ANDA's Filed in USA	76.0 .	372.0 .	19.0 .
Number of ANDA's Approved By USFDA	55.0 .	325.0 .	17.0 .
Domestic Sales Growth - YoY	7.5 %	n/a	10.1 %
R&D as a % of Total Sales	4.0 %	4.4 %	1.35 %
Financials
5 yr Average ROE	21.63 %	12.02 %	19.49 %
5yr average Equity Multiplier	1.32	1.15	1.52
5yr Average Asset Turnover Ratio	0.84	0.51	0.77
5yr Avg Net Profit Margin	19.77 %	20.79 %	16.71 %
Price to Book	7.91	3.57	7.7
P/E	32.23	42.36	38.6
5yr Avg Cash Conversion Cycle	-102.34 Days	69.81 Days	7.58 Days
Inventory Days	55.16 Days	118.26 Days	50.33 Days
Days Receivable	49.8 Days	99.92 Days	67.54 Days
Days Payable	195.69 Days	107.43 Days	90.39 Days
5yr Average Interest Coverage Ratio	108.5	183.05	58.81
5yr Avg ROCE	27.48 %	16.55 %	23.05 %
5yr Avg Operating Profit Margin	27.65 %	29.26 %	24.73 %
5 yr average Debt to Equity	0.0	0.01	0.07
5yr CAGR Net Profit	7.08 %	-6.87 %	8.05 %
5yr Average Return on Assets	16.51 %	10.65 %	12.98 %
Shareholdings
Promoter Holding	66.26 %	51.83 %	47.73 %
Share Pledged by Promoters	14.12 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-4.22 %	-6.04 %	-6.27 %
Change in Mutual Fund Holding (3 Yrs)	3.84 %	15.13 %	1.15 %

Business

	Ajanta Pharma	Gland Pharma	JB Chem & Pharma
Product Wise Break-Up	Product Wise Break-Up Pharmaceutical 100.0 Injectables 0 Pharmaceuticals 0 CDMO 0 API 0 Formulation exported 0 Domestic formulation 0	Product Wise Break-Up Pharmaceutical 0 Domestic formulation 0 Pharmaceutical 100.0 Injectables 0 API 0 Formulation exported 0 CDMO 0	Product Wise Break-Up Pharmaceutical 0 Domestic Formulations 61.97 Pharmaceuticals 0 Injectables 0 Active Pharmaceutical Ingredient (API) 1.65 Formulations 25.87 Contract Manufacturing 10.51
Segment Break-Up	Segment Break-Up Others 100	-	-
Therapeutic Area Wise Break-Up - Domestic	Therapeutic Area Wise Break-Up - Domestic Others 100	-	-
Location Wise Break-Up	Location Wise Break-Up India 31.73 USA 24.05 Asia Pacific 23.58 Africa 20.64 Canada, Australia & New Zealand 0 Australia 0 Canada 0 Europe 0 Rest of the World 0 Russia 0 South Africa 0	Location Wise Break-Up USA 68.88 Europe 6.14 Africa 0 Rest of the World 0 Australia 0 Russia 0 Asia Pacific 0 Canada, Australia & New Zealand 4.54 South Africa 0 India 5.71 Canada 0 Others 14.73	Location Wise Break-Up USA 0 Europe 0 Africa 0 Rest of the World 42.09 Australia 0 Russia 0 Asia Pacific 0 Canada, Australia & New Zealand 0 South Africa 0 India 57.91 Canada 0
Asset Break-Up	Asset Break-Up India 98.73 USA 0.66 Asia Pacific 0.4 Africa 0.21	-	-