Dalmia Bharat Ltd. benchmarking: Performance to industry peers

Financial

	Dalmia Bharat	JK Cement	ACC
Operational Metrics
Cement
Realization / Tonne - Cement	4823.86 Rs/MT	5717.0 Rs/MT	6005.04 Rs/MT
Manufacturing Capacity - Cement	49.5 MMTPA	n/a	40.4 MMTPA
Capacity Utilization - Cement	60.0 %	83.0 %	80.0 %
EBITDA / Tonne - Cement	1023.0 Rs/MT	935.0 Rs/MT	526.89 Rs/MT
Quarterly Sales Volume - Cement	8.8 Million tonnes	6.8 Million tonnes	11.9 Million tonnes
Financials
5 yr Average ROE	5.4 %	13.58 %	11.39 %
5yr average Equity Multiplier	1.69	2.72	1.41
5yr Average Asset Turnover Ratio	0.49	0.73	0.9
5yr Avg Net Profit Margin	6.61 %	6.86 %	9.28 %
Price to Book	1.91	5.96	1.25
P/E	30.12	42.23	12.06
5yr Avg Cash Conversion Cycle	-177.99 Days	-142.42 Days	-9.75 Days
Inventory Days	26.03 Days	32.94 Days	25.18 Days
Days Receivable	17.46 Days	16.87 Days	33.44 Days
Days Payable	202.03 Days	179.9 Days	116.97 Days
5yr Average Interest Coverage Ratio	4.84	3.89	26.49
5yr Avg ROCE	6.18 %	12.86 %	13.7 %
5yr Avg Operating Profit Margin	18.81 %	16.85 %	13.56 %
5 yr average Debt to Equity	0.28	0.95	0.0
5yr CAGR Net Profit	6.9 %	7.63 %	2.78 %
5yr Average Return on Assets	3.21 %	5.01 %	8.07 %
Shareholdings
Promoter Holding	55.84 %	45.66 %	56.69 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.02 %	-0.14 %	0.0
Change in Mutual Fund Holding (3 Yrs)	10.03 %	-0.72 %	-1.26 %

	Dalmia Bharat	JK Cement	ACC
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 White Cement 22.11 OPC 0 Portland Slang Cement 0 Grey Cement 77.89 Portland Composite Cement 0 Traded goods 0 Portland pozzolamd Cement 0 Refractories 0 Cement and its related products 0 Special Catogory Cement 0	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 94.55 Rest of the World 0 Others 5.45	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 Ready Mix Concrete 0 India 94.67 Cement 0 Rest of the World 0 Others 5.33	Asset Break-Up Ready Mix Concrete 4.44 India 0 Cement 91.49 Rest of the World 0 Others 4.07
Segment Wise Break-Up	Segment Wise Break-Up Cement 100.0 Refractory Products 0 Distillery 0 Power 0	-	-