Birla Corporation Ltd. benchmarking: Perfomance to industry peers

Financial

	Birla Corporation	Star Cement	JK Lakshmi Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	5179.17 Rs/MT	7463.18 Rs/MT	5234.22 Rs/MT
Manufacturing Capacity - Cement	20.0 MMTPA	7.7 MMTPA	16.4 MMTPA
Capacity Utilization - Cement	89.0 %	61.24 %	81.0 %
EBITDA / Tonne - Cement	715.0 Rs/MT	1882.16 Rs/MT	1008.69 Rs/MT
Quarterly Sales Volume - Cement	4.8 Million tonnes	1.22 Million tonnes	3.33 Million tonnes
Financials
5 yr Average ROE	5.85 %	9.48 %	14.66 %
5yr average Equity Multiplier	2.24	1.21	2.38
5yr Average Asset Turnover Ratio	0.6	0.85	0.88
5yr Avg Net Profit Margin	4.53 %	9.32 %	6.87 %
Price to Book	1.3	3.64	2.96
P/E	23.89	44.32	27.71
5yr Avg Cash Conversion Cycle	-181.15 Days	-102.49 Days	-94.94 Days
Inventory Days	36.73 Days	39.24 Days	39.36 Days
Days Receivable	13.55 Days	18.12 Days	4.1 Days
Days Payable	231.18 Days	163.15 Days	147.49 Days
5yr Average Interest Coverage Ratio	2.5	26.34	4.67
5yr Avg ROCE	6.85 %	13.96 %	15.68 %
5yr Avg Operating Profit Margin	14.31 %	17.92 %	15.97 %
5 yr average Debt to Equity	0.64	0.04	0.7
5yr CAGR Net Profit	-14.07 %	-2.02 %	-7.34 %
5yr Average Return on Assets	2.61 %	7.94 %	6.14 %
Shareholdings
Promoter Holding	62.9 %	57.66 %	46.34 %
Share Pledged by Promoters	0.0	1.33 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-9.71 %	0.03 %
Change in Mutual Fund Holding (3 Yrs)	0.39 %	-1.03 %	0.84 %

	Birla Corporation	Star Cement	JK Lakshmi Cement
Product Wise Break-Up	Product Wise Break-Up Cement 95.38 Jute 4.58 Ordinary Portland Cement (OPC) 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 Power 0 Others 0.04	Product Wise Break-Up Ordinary Portland Cement (OPC) 15.0 Jute 0 Cement 0 Power 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 85.0	Product Wise Break-Up Ordinary Portland Cement (OPC) 0 Jute 0 Cement 100.0 Power 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0
Location Wise Break-Up	Location Wise Break-Up India 99.42 Rest of the World 0.58 Bhutan 0 Nepal 0 Rest Of India 0 North & West India 0 North India 0 Rajasthan 0 Gujarat/MP 0	Location Wise Break-Up North & West India 0 India 99.83 Nepal 0 North India 0 Rest of the World 0 Rajasthan 0 Rest Of India 0 Bhutan 0 Gujarat/MP 0 Others 0.17	Location Wise Break-Up North & West India 0 India 0 Nepal 0 North India 23.0 Rest of the World 0 Rajasthan 40.0 Rest Of India 0 Bhutan 0 Gujarat & MP 37.0
Operating Profit Break-Up	Operating Profit Break-Up CEMENT 98.05 JUTE 1.95 Power 0 Cement 0	Operating Profit Break-Up Power 1.04 Cement 98.96 CEMENT 0 JUTE 0	-
Asset Break-Up	Asset Break-Up CEMENT 77.1 JUTE 7.74 Power 0 Cement 0 Others 15.16	Asset Break-Up Power 5.47 Cement 84.45 CEMENT 0 JUTE 0 Others 10.08	-