ACC Ltd.

Financial

	ACC	Dalmia Bharat	The Ramco Cements
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4777.76 Rs/MT	4756.98 Rs/MT	4623.22 Rs/MT
Manufacturing Capacity - Cement	38.6 MMTPA	49.5 MMTPA	24.0 MMTPA
Capacity Utilization - Cement	75.54 %	60.0 %	85.0 %
EBITDA / Tonne - Cement	480.13 Rs/MT	926.0 Rs/MT	631.0 Rs/MT
Quarterly Sales Volume - Cement	11.9 Million tonnes	8.6 Million tonnes	5.2 Million tonnes
Realization / Tonne - Ready Mix Concrete	4882.79 Rs/Cubic Metre	n/a	n/a
Financials
5 yr Average ROE	11.56 %	5.96 %	9.72 %
5yr average Equity Multiplier	1.43	1.66	2.1
5yr Average Asset Turnover Ratio	0.86	0.49	0.51
5yr Avg Net Profit Margin	9.72 %	7.39 %	9.68 %
Price to Book	1.9	2.26	3.4
P/E	14.65	57.55	60.63
5yr Avg Cash Conversion Cycle	-35.62 Days	-178.63 Days	-132.25 Days
Inventory Days	24.51 Days	26.43 Days	27.65 Days
Days Receivable	14.35 Days	18.0 Days	17.38 Days
Days Payable	145.09 Days	198.68 Days	156.65 Days
5yr Average Interest Coverage Ratio	28.62	5.09	7.83
5yr Avg ROCE	14.53 %	6.77 %	9.51 %
5yr Avg Operating Profit Margin	14.73 %	20.11 %	20.7 %
5 yr average Debt to Equity	0.0	0.26	0.61
5yr CAGR Net Profit	10.93 %	-10.22 %	-9.84 %
5yr Average Return on Assets	8.09 %	3.59 %	4.7 %
Shareholdings
Promoter Holding	56.69 %	55.84 %	42.56 %
Share Pledged by Promoters	0.0	0.0	22.05 %
Change in Promoter Holding (3 Yrs)	2.16 %	-0.06 %	0.23 %
Change in Mutual Fund Holding (3 Yrs)	5.06 %	4.39 %	-0.33 %

Business

	ACC	Dalmia Bharat	The Ramco Cements
Segment Break-Up	Segment Break-Up Cement 93.12 Ready Mix Concrete 6.88	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 India 100.0	Location Wise Break-Up Rest of the World 0.58 India 99.42
Distribution Channel	Distribution Channel Retail 72.0 Wholesale/B2B 28.0	-	-
Operating Profit Break-Up	Operating Profit Break-Up Cement 96.43 Ready Mix Concrete 3.57	-	-
Capex	Capex Cement 99.65 Ready Mix Concrete 0.35	-	-
Raw Material Break-Up	Raw Material Break-Up Fly Ash 21.13 Slag 16.91 Gypsum 12.98 Aggregates 10.59 Cement for RMC 7.07 Other Additives 0 Clinker 0 Pozzolona Material 0 0 Lime stone 0 Others 31.32	-	Raw Material Break-Up Gypsum 8.44 Freight 29.01 Fly Ash 0 Limestone 31.39 Other Additives 16.95 Aggregates 0 Slag 0 Pozzolona Material 12.58 Cement for RMC 0 Clinker 0 Others 1.63
Asset Break-Up	Asset Break-Up Cement 78.27 Ready Mix Concrete 2.83 Rest of the World 0 India 0 Others 18.9	Asset Break-Up Rest of the World 0 Ready Mix Concrete 0 India 100.0 Cement 0	-