The India Cements Ltd.

Financial

	India Cements	JK Lakshmi Cement	Birla Corporation
Operational Metrics
Cement Sector
Realization / Tonne - Cement	3771.0 Rs/MT	5234.22 Rs/MT	5179.17 Rs/MT
EBITDA / Tonne - Cement	424.0 Rs/MT	1008.69 Rs/MT	715.0 Rs/MT
Manufacturing Capacity - Cement	14.5 MMTPA	16.4 MMTPA	20.0 MMTPA
Capacity Utilization - Cement	61.0 %	89.0 %	89.0 %
Quarterly Sales Volume - Cement	2.18 Million tonnes	3.33 Million tonnes	4.8 Million tonnes
Financials
5 yr Average ROE	-0.55 %	16.03 %	7.11 %
5yr average Equity Multiplier	1.85	2.53	2.34
5yr Average Asset Turnover Ratio	0.41	0.91	0.59
5yr Avg Net Profit Margin	-0.81 %	7.06 %	5.35 %
Price to Book	1.1	3.3	1.45
P/E	0.0	30.21	26.55
5yr Avg Cash Conversion Cycle	-268.09 Days	-95.16 Days	-158.33 Days
Inventory Days	51.33 Days	36.26 Days	37.51 Days
Days Receivable	52.0 Days	2.74 Days	12.83 Days
Days Payable	350.77 Days	165.71 Days	230.96 Days
5yr Average Interest Coverage Ratio	0.63	4.57	2.62
5yr Avg ROCE	0.38 %	17.4 %	7.7 %
5yr Avg Operating Profit Margin	3.5 %	16.83 %	15.53 %
5 yr average Debt to Equity	0.43	0.8	0.72
5yr CAGR Net Profit	n/a	13.72 %	-3.6 %
5yr Average Return on Assets	-0.35 %	6.4 %	3.02 %
Shareholdings
Promoter Holding	81.49 %	46.34 %	62.9 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	53.07 %	0.03 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-0.14 %	0.84 %	0.2 %

Business

	India Cements	JK Lakshmi Cement	Birla Corporation
Product Wise Break-Up	Product Wise Break-Up Cement 93.35 Ready Mix Concrete 2.17 Electricity 1.58 Clinker 0.23 White Cement 0 Jute 0 Others 2.67	Product Wise Break-Up Clinker 0 Ready Mix Concrete 0 Electricity 0 Jute 0 Cement 100.0 White Cement 0	Product Wise Break-Up Clinker 0 Ready Mix Concrete 0 Electricity 0 Jute 4.58 Cement 95.38 White Cement 0 Others 0.04
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest Of India 0 North & West India 0 North India 0 Rajasthan 0 Gujarat/MP 0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 India 0 North India 23.0 Rest Of India 0 Gujarat & MP 37.0 North & West India 0 Rajasthan 40.0	Location Wise Break-Up Rest of the World 0.58 India 99.42 North India 0 Rest Of India 0 Gujarat/MP 0 North & West India 0 Rajasthan 0
Raw Material Break-Up	Raw Material Break-Up Limestone 38.56 Gypsum 12.23 Others 49.21	-	-