Birla Corporation Ltd.

Financial

	Birla Corporation	India Cements	JK Lakshmi Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	5103.0 Rs/MT	4172.06 Rs/MT	5274.1 Rs/MT
Manufacturing Capacity - Cement	20.0 MMTPA	15.55 MMTPA	16.4 MMTPA
Capacity Utilization - Cement	105.0 %	59.0 %	89.0 %
EBITDA / Tonne - Cement	1014.0 Rs/MT	-669.57 Rs/MT	1020.37 Rs/MT
Quarterly Sales Volume - Cement	5.25 Million tonnes	2.3 Million tonnes	3.6 Million tonnes
Financials
5 yr Average ROE	7.11 %	-0.09 %	16.03 %
5yr average Equity Multiplier	2.34	2.0	2.53
5yr Average Asset Turnover Ratio	0.59	0.44	0.91
5yr Avg Net Profit Margin	5.35 %	0.09 %	7.06 %
Price to Book	1.47	0.99	2.79
P/E	34.98	0.0	32.31
5yr Avg Cash Conversion Cycle	-158.33 Days	-205.75 Days	-95.16 Days
Inventory Days	37.51 Days	55.06 Days	36.26 Days
Days Receivable	12.83 Days	54.4 Days	2.74 Days
Days Payable	230.96 Days	347.54 Days	165.71 Days
5yr Average Interest Coverage Ratio	2.62	0.8	4.57
5yr Avg ROCE	7.7 %	1.93 %	17.4 %
5yr Avg Operating Profit Margin	15.53 %	7.66 %	16.83 %
5 yr average Debt to Equity	0.72	0.54	0.8
5yr CAGR Net Profit	-3.6 %	n/a	13.72 %
5yr Average Return on Assets	3.02 %	-0.06 %	6.4 %
Shareholdings
Promoter Holding	62.9 %	81.49 %	46.34 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	53.07 %	0.03 %
Change in Mutual Fund Holding (3 Yrs)	0.1 %	-3.1 %	-0.4 %

Business

	Birla Corporation	India Cements	JK Lakshmi Cement
Product Wise Break-Up	Product Wise Break-Up Cement 95.57 Jute 4.38 Electricity 0 Ready Mix Concrete 0 White Cement 0 Clinker 0 Others 0.05	Product Wise Break-Up Jute 0 White Cement 0 Cement 93.35 Clinker 0.23 Ready Mix Concrete 2.17 Electricity 1.58 Others 2.67	Product Wise Break-Up Jute 0 White Cement 0 Cement 100.0 Clinker 0 Ready Mix Concrete 0 Electricity 0
Location Wise Break-Up	Location Wise Break-Up India 99.42 Rest of the World 0.58 Rest Of India 0 North & West India 0 North India 0 Rajasthan 0 Gujarat/MP 0	Location Wise Break-Up North & West India 0 Rajasthan 0 Gujarat/MP 0 Rest of the World 0 Rest Of India 0 North India 0 India 100.0	Location Wise Break-Up North & West India 0 Rajasthan 40.0 Gujarat & MP 37.0 Rest of the World 0 Rest Of India 0 North India 23.0 India 0
Operating Profit Break-Up	Operating Profit Break-Up CEMENT 99.21 JUTE 0.79	-	-
Asset Break-Up	Asset Break-Up CEMENT 75.82 JUTE 7.77 Others 16.41	-	-