The India Cements Ltd.

Financial

	India Cements	JK Lakshmi Cement	Star Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	3771.0 Rs/MT	5234.22 Rs/MT	7463.18 Rs/MT
EBITDA / Tonne - Cement	424.0 Rs/MT	1008.69 Rs/MT	1882.16 Rs/MT
Manufacturing Capacity - Cement	14.5 MMTPA	16.4 MMTPA	7.7 MMTPA
Capacity Utilization - Cement	61.0 %	81.0 %	61.24 %
Quarterly Sales Volume - Cement	2.18 Million tonnes	3.33 Million tonnes	1.22 Million tonnes
Financials
5 yr Average ROE	-0.55 %	14.66 %	9.48 %
5yr average Equity Multiplier	1.85	2.38	1.21
5yr Average Asset Turnover Ratio	0.41	0.88	0.85
5yr Avg Net Profit Margin	-0.81 %	6.87 %	9.32 %
Price to Book	1.21	3.13	3.83
P/E	0.0	29.31	46.7
5yr Avg Cash Conversion Cycle	-268.09 Days	-94.94 Days	-102.49 Days
Inventory Days	51.33 Days	39.36 Days	39.24 Days
Days Receivable	52.0 Days	4.1 Days	18.12 Days
Days Payable	350.77 Days	147.49 Days	163.15 Days
5yr Average Interest Coverage Ratio	0.63	4.67	26.34
5yr Avg ROCE	0.38 %	15.68 %	13.96 %
5yr Avg Operating Profit Margin	3.5 %	15.97 %	17.92 %
5 yr average Debt to Equity	0.43	0.7	0.04
5yr CAGR Net Profit	n/a	-7.34 %	-2.02 %
5yr Average Return on Assets	-0.35 %	6.14 %	7.94 %
Shareholdings
Promoter Holding	81.49 %	46.34 %	57.66 %
Share Pledged by Promoters	0.0	0.0	1.33 %
Change in Promoter Holding (3 Yrs)	53.07 %	0.03 %	-9.71 %
Change in Mutual Fund Holding (3 Yrs)	-0.14 %	0.84 %	-1.03 %

Business

	India Cements	JK Lakshmi Cement	Star Cement
Product Wise Break-Up	Product Wise Break-Up Cement 95.65 Ready Mix Concrete 2.18 Electricity 2.07 Clinker 0.1 White Cement 0 Ordinary Portland Cement (OPC) 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 Power 0	Product Wise Break-Up Ready Mix Concrete 0 Portland Slag Cement (PSC) 0 Power 0 Ordinary Portland Cement (OPC) 0 White Cement 0 Clinker 0 Portland Pozzolana Cement (PPC) 0 Cement 100.0 Electricity 0	Product Wise Break-Up Ready Mix Concrete 0 Portland Slag Cement (PSC) 0 Power 0 Ordinary Portland Cement (OPC) 15.0 White Cement 0 Clinker 0 Portland Pozzolana Cement (PPC) 85.0 Cement 0 Electricity 0
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 Bhutan 0 Nepal 0	Location Wise Break-Up Rajasthan 40.0 Bhutan 0 Gujarat & MP 37.0 Rest Of India 0 North India 23.0 North & West India 0 Nepal 0 India 0	Location Wise Break-Up Rajasthan 0 Bhutan 0 Gujarat/MP 0 Rest Of India 0 North India 0 North & West India 0 Nepal 0 India 99.83 Others 0.17
Raw Material Break-Up	Raw Material Break-Up Limestone 38.56 Gypsum 12.23 Others 49.21	-	-