Zim Laboratories Ltd.

Financial

	Zim Laboratories	Venus Remedies	Gufic Biosciences
Operational Metrics
Pharmaceutical Sector
R&D as a % of Total Sales	11.2 %	n/a	1.06 %
Financials
5 yr Average ROE	6.88 %	3.75 %	26.14 %
5yr average Equity Multiplier	1.92	1.64	2.82
5yr Average Asset Turnover Ratio	0.96	0.78	1.1
5yr Avg Net Profit Margin	3.75 %	2.2 %	9.03 %
Price to Book	2.35	1.02	6.83
P/E	32.46	17.44	42.23
5yr Avg Cash Conversion Cycle	35.7 Days	62.86 Days	-18.02 Days
Inventory Days	67.21 Days	110.85 Days	77.22 Days
Days Receivable	97.06 Days	37.87 Days	81.36 Days
Days Payable	149.76 Days	50.32 Days	175.58 Days
5yr Average Interest Coverage Ratio	3.65	42.3	10.3
5yr Avg ROCE	13.04 %	5.53 %	33.27 %
5yr Avg Operating Profit Margin	12.88 %	12.68 %	17.37 %
5 yr average Debt to Equity	0.42	0.38	0.73
5yr CAGR Net Profit	39.21 %	n/a	29.43 %
5yr Average Return on Assets	3.71 %	3.42 %	10.17 %
Shareholdings
Promoter Holding	33.26 %	41.76 %	72.51 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	5.87 %	6.76 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	-6.16 %

Business

	Zim Laboratories	Venus Remedies	Gufic Biosciences
Product Wise Break-Up	Product Wise Break-Up Pharmaceutical 100.0 Pharmaceuticals 0 API 0 Muscle Relaxants 0 Cardiovascular 0 Proton pump inhibitors 0 Anti-fungals 0 Anti-bacterials 0 International 0 CMO 0 Domestic 0	Product Wise Break-Up Proton pump inhibitors 0 CMO 0 Anti-bacterials 0 Domestic 0 Muscle Relaxants 0 International 0 Pharmaceuticals 100.0 Anti-fungals 0 Pharmaceutical 0 API 0 Cardiovascular 0	Product Wise Break-Up Proton pump inhibitors 0 CMO 30.0 Anti-bacterials 0 Domestic Pharmaceuticals 50.0 Muscle Relaxants 0 International 15.0 Pharmaceuticals 0 Anti-fungals 0 Pharmaceutical 0 Active Pharmaceutical Ingredient (API) 5.0 Cardiovascular 0
Location Wise Break-Up	Location Wise Break-Up Asia (Ex India) 34.0 Middle East 27.0 India 22.0 Africa 12.0 South America 0 Australia 0 North America 0 Europe 0 Asia 0 Rest of the World 0 Others 5.0	Location Wise Break-Up Asia (Ex India) 0 Middle East 0 North America 0 Asia 0 Africa 0 South America 0 India 33.0 Europe 0 Rest of the World 0 Australia 0 Others 67.0	Location Wise Break-Up Asia (Ex India) 0 Middle East 0 North America 1.68 Asia Pacific 7.41 Africa 1.94 South America 0.11 India 84.52 Europe 4.26 Rest of the World 0 Australia 0.08
Capex	Capex India 89.12 Others 10.88	-	-
Customer Segment	Customer Segment Export 82.0 Government 16.0 Deemed Export 2.0	-	-
Asset Break-Up	Asset Break-Up India 91.68 Others 8.32	-	-