 

 

 

 

 

 

 

 

Player FY 2019 FY 2020 FY 2021
Apollo Pharmac NA NA NA
MedPlus 6.03 6.85 4.95
Wellness Forever 4.10 4.30 3.56
API Holdings NA 2:79) 0.64
Tata 1 mg 1.37 2.11 3.85
Netmeds 2.96 2.16 NA

 

 

 

 

 

Source: DRHP, MCA, & Annual Reports, Primary Research, Secondary Research, Company filings, Technopak Analysis;
Capital Turnover ratio = Revenue from operations / (equity plus net debt at the beginning of the year plus equity and net debt at the closing of the year divided
by 2. Net debt= borrowing ~ (Cash and cash equivalents plus bank balances other than cash and cash equivalents)

146
