Lincoln Pharmaceuticals Ltd. benchmarking: Perfomance to industry peers

Financial

	Lincoln Pharma	Venus Remedies	Kwality Pharma
Operational Metrics
Pharmaceuticals
Domestic Sales Growth - YoY	8.98 %	n/a	n/a
R&D as a % of Total Sales	1.88 %	n/a	n/a
Financials
5 yr Average ROE	15.1 %	8.87 %	25.27 %
5yr average Equity Multiplier	1.26	1.32	1.96
5yr Average Asset Turnover Ratio	0.82	0.96	1.05
5yr Avg Net Profit Margin	14.59 %	6.91 %	11.66 %
Price to Book	1.37	1.68	3.22
P/E	12.24	14.24	19.02
5yr Avg Cash Conversion Cycle	-6.41 Days	46.96 Days	55.02 Days
Inventory Days	43.91 Days	75.64 Days	67.04 Days
Days Receivable	91.75 Days	54.28 Days	132.46 Days
Days Payable	128.38 Days	58.86 Days	126.93 Days
5yr Average Interest Coverage Ratio	63.13	396.11	16.13
5yr Avg ROCE	19.81 %	8.42 %	34.73 %
5yr Avg Operating Profit Margin	18.35 %	10.14 %	23.23 %
5 yr average Debt to Equity	0.0	0.08	0.46
5yr CAGR Net Profit	5.76 %	-6.01 %	21.34 %
5yr Average Return on Assets	11.92 %	6.69 %	12.96 %
Shareholdings
Promoter Holding	49.78 %	41.76 %	54.83 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	5.7 %	0.0	0.38 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

	Lincoln Pharma	Venus Remedies	Kwality Pharma
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 Respiratory Systems 0 Parasitology 0 Genito Urinary System and Sex Hormones 0 Anti-Infective 0 Cardiac Science 0 Blood and Blood Forming Organs 0 Pharmaceuticals 100.0 Alimentary Tract and Metabolism 0 Central Nervous System (CNS) 0 Musculo-Skeletal System 0	-
Location Wise Break-Up	Location Wise Break-Up Rest of the World 68.6 India 31.4	Location Wise Break-Up India 33.0 Rest of the World 0 Others 67.0	Location Wise Break-Up India 47.21 Rest of the World 0 Others 52.79
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	-	-