Birla Corporation Ltd. benchmarking: Perfomance to industry peers

Financial

	Birla Corporation	Star Cement	JK Lakshmi Cement
Operational Metrics
Cement
Realization / Tonne - Cement	4845.0 Rs/MT	6913.9 Rs/MT	5387.86 Rs/MT
Manufacturing Capacity - Cement	20.0 MMTPA	7.7 MMTPA	16.4 MMTPA
Capacity Utilization - Cement	85.0 %	61.24 %	81.0 %
EBITDA / Tonne - Cement	712.0 Rs/MT	1653.88 Rs/MT	819.06 Rs/MT
Quarterly Sales Volume - Cement	4.25 Million tonnes	1.17 Million tonnes	2.84 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	1.13	2.97	2.62
P/E	16.18	29.49	20.51
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 %	57.59 %	45.12 %
Share Pledged by Promoters	0.0	1.34 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-9.84 %	-1.19 %
Change in Mutual Fund Holding (3 Yrs)	0.39 %	-1.57 %	-1.29 %

	Birla Corporation	Star Cement	JK Lakshmi Cement
Product Wise Break-Up	Product Wise Break-Up Cement 89.07 Jute 10.81 Ordinary Portland Cement (OPC) 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 Power 0 Others 0.12	Product Wise Break-Up Portland Pozzolana Cement (PPC) 85.0 Power 0 Jute 0 Cement 0 Ordinary Portland Cement (OPC) 15.0 Portland Slag Cement (PSC) 0	Product Wise Break-Up Portland Pozzolana Cement (PPC) 0 Power 0 Jute 0 Cement 100.0 Ordinary Portland Cement (OPC) 0 Portland Slag Cement (PSC) 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 Rest of the World 0 Gujarat/MP 0 India 99.83 Rest Of India 0 North & West India 0 Bhutan 0 North India 0 Rajasthan 0 Nepal 0 Others 0.17	Location Wise Break-Up Rest of the World 0 Gujarat & MP 37.0 India 0 Rest Of India 0 North & West India 0 Bhutan 0 North India 23.0 Rajasthan 40.0 Nepal 0
Operating Profit Break-Up	Operating Profit Break-Up CEMENT 96.47 JUTE 3.53 Power 0 Cement 0	Operating Profit Break-Up CEMENT 0 Power 1.04 Cement 98.96 JUTE 0	-
Asset Break-Up	Asset Break-Up CEMENT 78.27 JUTE 8.02 Power 0 Cement 0 Others 13.71	Asset Break-Up CEMENT 0 Power 5.47 Cement 84.45 JUTE 0 Others 10.08	-