Ambuja Cements Ltd. benchmarking: Performance to industry peers

Financial

	Ambuja Cements	Shree Cement	JK Cement
Operational Metrics
Cement
Realization / Tonne - Cement	5283.33 Rs/MT	6408.61 Rs/MT	5717.0 Rs/MT
Manufacturing Capacity - Cement	38.9 MMTPA	69.3 MMTPA	n/a
Capacity Utilization - Cement	74.0 %	77.0 %	83.0 %
EBITDA / Tonne - Cement	491.0 Rs/MT	1310.61 Rs/MT	935.0 Rs/MT
Quarterly Sales Volume - Cement	13.2 Million tonnes	10.56 Million tonnes	6.8 Million tonnes
Financials
5 yr Average ROE	8.7 %	8.89 %	13.58 %
5yr average Equity Multiplier	1.6	1.33	2.72
5yr Average Asset Turnover Ratio	0.56	0.7	0.73
5yr Avg Net Profit Margin	10.11 %	9.71 %	6.86 %
Price to Book	1.83	4.12	5.93
P/E	22.93	54.99	42.03
5yr Avg Cash Conversion Cycle	-136.52 Days	-180.61 Days	-142.42 Days
Inventory Days	31.17 Days	59.82 Days	32.94 Days
Days Receivable	14.62 Days	28.13 Days	16.87 Days
Days Payable	212.89 Days	264.73 Days	179.9 Days
5yr Average Interest Coverage Ratio	24.62	10.55	3.89
5yr Avg ROCE	10.35 %	11.78 %	12.86 %
5yr Avg Operating Profit Margin	17.4 %	21.14 %	16.85 %
5 yr average Debt to Equity	0.0	0.09	0.95
5yr CAGR Net Profit	11.2 %	-5.65 %	7.63 %
5yr Average Return on Assets	5.41 %	6.72 %	5.01 %
Shareholdings
Promoter Holding	67.68 %	62.55 %	45.66 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	4.46 %	0.0	-0.17 %
Change in Mutual Fund Holding (3 Yrs)	3.12 %	4.37 %	0.61 %

	Ambuja Cements	Shree Cement	JK Cement
Product Wise Break-Up	Product Wise Break-Up Cement 94.71 Ready Mix Concrete 5.29 Power sales 0 Clinker 0 White Cement and allied products 0 Grey Cement 0	Product Wise Break-Up Cement 100.0 White Cement and allied products 0 Clinker 0 Grey Cement 0 Ready Mix Concrete 0 Power sales 0	Product Wise Break-Up Cement 0 White Cement 22.11 Clinker 0 Grey Cement 77.89 Ready Mix Concrete 0 Power sales 0
Location Wise Break-Up	Location Wise Break-Up Domestic 100.0 Rest of the World 0 India 0	Location Wise Break-Up Domestic 0 India 92.61 Rest of the World 7.39	Location Wise Break-Up Domestic 0 India 94.55 Rest of the World 0 Others 5.45
Operating Profit Break-Up	Operating Profit Break-Up Cement 91.34 Ready Mix Concrete 8.66	-	-
Raw Material Break-Up	Raw Material Break-Up Fly ash 30.7 Gypsum 17.71 Slag 11.26 Sulphuric Acid 0 Red Ochre and Slag 0 Fly Ash 0 Others 40.33	Raw Material Break-Up Fly ash 0 Fly ash 32.04 Red Ochre and Slag 9.16 Gypsum 12.62 sulphuric acid 4.44 Slag 0 Others 41.74	-
Fuel Break-up	Fuel Break-up Pet coke 62.0 Coal 22.0 Coal 11.0 AFR 5.0	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Cement 92.33 Ready Mix Concrete 2.64 Others 5.03	-	-