Aurobindo Pharma Ltd.

Financial

	Aurobindo Pharma	Alembic Pharma	Ipca Laboratories
Operational Metrics
API Sector
US DMF Filings	291.0 .	132.0 .	55.0 .
Europe DMF Filings	1859.0 .	n/a	n/a
Pharmaceutical Sector
Number of ANDA's Filed in USA	830.0 .	260.0 .	44.0 .
Number of ANDA's Approved By USFDA	685.0 .	197.0 .	18.0 .
R&D as a % of Total Sales	5.2 %	8.0 %	2.71 %
Financials
5 yr Average ROE	15.24 %	15.79 %	15.9 %
5yr average Equity Multiplier	1.59	1.48	1.41
5yr Average Asset Turnover Ratio	0.72	0.83	0.81
5yr Avg Net Profit Margin	13.0 %	13.0 %	13.8 %
Price to Book	2.37	3.58	4.54
P/E	22.3	27.97	52.57
5yr Avg Cash Conversion Cycle	-29.67 Days	1.45 Days	74.74 Days
Inventory Days	60.22 Days	94.67 Days	100.02 Days
Days Receivable	30.42 Days	60.69 Days	55.52 Days
Days Payable	111.73 Days	176.63 Days	120.62 Days
5yr Average Interest Coverage Ratio	43.11	36.16	59.4
5yr Avg ROCE	18.43 %	17.34 %	18.97 %
5yr Avg Operating Profit Margin	20.43 %	20.24 %	22.38 %
5 yr average Debt to Equity	0.27	0.2	0.14
5yr CAGR Net Profit	-4.01 %	-5.77 %	1.13 %
5yr Average Return on Assets	9.53 %	10.48 %	11.44 %
Shareholdings
Promoter Holding	51.83 %	69.61 %	46.3 %
Share Pledged by Promoters	20.86 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.11 %	0.13 %	0.01 %
Change in Mutual Fund Holding (3 Yrs)	8.99 %	3.48 %	7.98 %

Business

	Aurobindo Pharma	Alembic Pharma	Ipca Laboratories
Product Wise Break-Up	Product Wise Break-Up Formulations 85.88 Active Pharmaceutical Ingredient (API) 13.44 Generics 0 Branded Generics 0 Others 0.68	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 0 Formulations 78.25 Branded Generics 0 Generics 0 Others 21.75	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 0 Formulations 0 Branded Generics 54.13 Formulations 21.36 Others 24.51
Location Wise Break-Up	Location Wise Break-Up USA 47.3 Europe 24.2 Rest of the World 19.5 India 9.0 Australia 0 CIS 0 Asia 0 Africa 0	Location Wise Break-Up India 39.88 Africa 0 Europe 0 USA 0 Australia 0 Rest of the World 60.12 Asia 0 CIS 0	Location Wise Break-Up India 52.01 Africa 7.68 Europe 14.15 USA 10.26 Australia 4.47 Rest of the World 0 Asia Pacific 7.87 CIS 3.56
Asset Break-Up	Asset Break-Up India 60.08 USA 24.19 Europe 8.77 Others 6.96	-	-