Dalmia Bharat Ltd.

Financial

	Dalmia Bharat	ACC	JK Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4756.98 Rs/MT	4777.76 Rs/MT	4757.0 Rs/MT
Manufacturing Capacity - Cement	49.5 MMTPA	38.6 MMTPA	n/a
Capacity Utilization - Cement	60.0 %	75.54 %	73.0 %
EBITDA / Tonne - Cement	926.0 Rs/MT	480.13 Rs/MT	656.0 Rs/MT
Quarterly Sales Volume - Cement	8.6 Million tonnes	11.9 Million tonnes	4.35 Million tonnes
Financials
5 yr Average ROE	5.96 %	11.56 %	14.98 %
5yr average Equity Multiplier	1.66	1.43	2.76
5yr Average Asset Turnover Ratio	0.49	0.86	0.71
5yr Avg Net Profit Margin	7.39 %	9.72 %	7.81 %
Price to Book	2.23	1.88	7.48
P/E	56.65	14.55	52.87
5yr Avg Cash Conversion Cycle	-178.63 Days	-35.62 Days	-130.65 Days
Inventory Days	26.43 Days	24.51 Days	37.2 Days
Days Receivable	18.0 Days	14.35 Days	14.3 Days
Days Payable	198.68 Days	145.09 Days	183.08 Days
5yr Average Interest Coverage Ratio	5.09	28.62	4.07
5yr Avg ROCE	6.77 %	14.53 %	14.03 %
5yr Avg Operating Profit Margin	20.11 %	14.73 %	18.82 %
5 yr average Debt to Equity	0.26	0.0	0.99
5yr CAGR Net Profit	-10.22 %	10.93 %	9.94 %
5yr Average Return on Assets	3.59 %	8.09 %	5.46 %
Shareholdings
Promoter Holding	55.84 %	56.69 %	45.68 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.06 %	2.16 %	-0.14 %
Change in Mutual Fund Holding (3 Yrs)	4.39 %	5.06 %	3.13 %

Business

	Dalmia Bharat	ACC	JK Cement
Product Wise Break-Up	Product Wise Break-Up Portland pozzolamd Cement 55.0 Portland Composite Cement 18.0 Portland Slang Cement 14.0 OPC 13.0 Special Catogory Cement 0 Traded goods 0 Refractories 0 Cement and its related products 0 White Cement and allied products 0 Grey Cement 0	-	Product Wise Break-Up Portland Composite Cement 0 Grey Cement 81.0 Portland pozzolamd Cement 0 Portland Slang Cement 0 Special Catogory Cement 0 Refractories 0 OPC 0 Cement and its related products 0 Traded goods 0 White Cement 19.0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 94.84 Rest of the World 0 Others 5.16
Asset Break-Up	Asset Break-Up India 100.0 Rest of the World 0 Ready Mix Concrete 0 Cement 0	Asset Break-Up India 0 Cement 78.27 Ready Mix Concrete 2.83 Rest of the World 0 Others 18.9	Asset Break-Up India 100.0 Cement 0 Ready Mix Concrete 0 Rest of the World 0
Segment Wise Break-Up	Segment Wise Break-Up Cement 100.0 Refractory Products 0 Distillery 0 Power 0	-	-