Dalmia Bharat Ltd.

Financial

	Dalmia Bharat	Shree Cement	ACC
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4894.32 Rs/MT	5512.94 Rs/MT	4918.51 Rs/MT
Manufacturing Capacity - Cement	44.6 MMTPA	49.9 MMTPA	37.0 MMTPA
Capacity Utilization - Cement	60.0 %	77.0 %	94.2 %
EBITDA / Tonne - Cement	743.0 Rs/MT	1388.08 Rs/MT	980.0 Rs/MT
Quarterly Sales Volume - Cement	8.8 Million tonnes	8.89 Million tonnes	10.4 Million tonnes
Financials
5 yr Average ROE	5.17 %	11.42 %	11.38 %
5yr average Equity Multiplier	1.76	1.41	1.47
5yr Average Asset Turnover Ratio	0.47	0.7	0.89
5yr Avg Net Profit Margin	6.4 %	11.9 %	8.99 %
Price to Book	2.06	4.47	2.9
P/E	40.85	38.77	20.29
5yr Avg Cash Conversion Cycle	-140.21 Days	-178.55 Days	-83.22 Days
Inventory Days	31.0 Days	55.59 Days	26.1 Days
Days Receivable	16.12 Days	27.42 Days	9.73 Days
Days Payable	193.39 Days	265.55 Days	211.95 Days
5yr Average Interest Coverage Ratio	4.42	9.46	27.48
5yr Avg ROCE	6.54 %	14.63 %	14.48 %
5yr Avg Operating Profit Margin	23.48 %	27.28 %	16.19 %
5 yr average Debt to Equity	0.37	0.19	0.0
5yr CAGR Net Profit	27.43 %	4.77 %	-10.26 %
5yr Average Return on Assets	3.06 %	8.17 %	7.71 %
Shareholdings
Promoter Holding	55.84 %	62.55 %	56.69 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.13 %	0.0	2.16 %
Change in Mutual Fund Holding (3 Yrs)	5.18 %	-0.75 %	5.4 %

Business

	Dalmia Bharat	Shree Cement	ACC
Product Wise Break-Up	Product Wise Break-Up Portland pozzolamd Cement 46.0 Portland Composite Cement 23.0 Portland Slang Cement 16.0 OPC 15.0 Special Catogory Cement 0 Traded goods 0 Refractories 0 Cement and its related products 0 Power sales 0 Clinker 0 Cement 0 Ready Mix Concrete 0	Product Wise Break-Up Traded goods 0 Portland Composite Cement 0 Cement and its related products 0 Clinker 0 Refractories 0 Cement 100.0 Ready Mix Concrete 0 Portland Slang Cement 0 Special Catogory Cement 0 Portland pozzolamd Cement 0 Power sales 0 OPC 0	Product Wise Break-Up Traded goods 0 Portland Composite Cement 0 Cement and its related products 0 Clinker 0 Refractories 0 Cement 93.93 Ready Mix Concrete 6.07 Portland Slang Cement 0 Special Catogory Cement 0 Portland pozzolamd Cement 0 Power sales 0 OPC 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 94.14 Rest of the World 5.86	Location Wise Break-Up India 100.0 Rest of the World 0
Asset Break-Up	Asset Break-Up India 100.0 Rest of the World 0 Ready Mix Concrete 0 Cement 0	Asset Break-Up Cement 0 Ready Mix Concrete 0 India 82.03 Rest of the World 0 Others 17.97	Asset Break-Up Cement 70.26 Ready Mix Concrete 2.88 India 0 Rest of the World 0 Others 26.86
Segment Wise Break-Up	Segment Wise Break-Up Cement 100.0 Refractory Products 0 Distillery 0 Power 0	-	-