Exxaro Tiles Ltd.

Financial

	Exxaro Tiles	Orient Bell	Cera Sanitaryware
Operational Metrics
Ceramic Tiles
Capacity Utilization - Glazed Vitrified Tiles	63.51 %	n/a	n/a
Manufacturing Capacity - Double Charged Vitrified Tiles	3.6 Mn Sqm/Year	n/a	n/a
Capacity Utilization - Double Charged Vitrified Tiles	80.8 %	n/a	n/a
Tiles
Quarterly Sales Volume - Tiles	2.59 Mn Sqm	5.78 Mn Sqm	n/a
Capacity Utilization - Tiles	81.2 %	83.0 %	n/a
Realization / Square Metre - Tiles	316.83 Rs/Sqm	279.0 Rs/Sqm	n/a
Manufacturing Capacity - Tiles	14.6 Mn Sqm/Year	36.9 Mn Sqm/Year	n/a
Vitrified Tiles
Manufacturing Capacity - Glazed Vitrified Tiles	9.6 Mn Sqm/Year	n/a	n/a
Financials
5 yr Average ROE	6.87 %	5.72 %	15.08 %
5yr average Equity Multiplier	1.98	1.74	1.56
5yr Average Asset Turnover Ratio	0.72	1.28	1.01
5yr Avg Net Profit Margin	4.61 %	2.54 %	9.61 %
Price to Book	1.69	1.86	7.73
P/E	215.66	243.76	41.58
5yr Avg Cash Conversion Cycle	42.36 Days	-48.78 Days	16.56 Days
Inventory Days	137.87 Days	48.0 Days	64.08 Days
Days Receivable	121.93 Days	54.56 Days	35.81 Days
Days Payable	203.59 Days	103.46 Days	76.59 Days
5yr Average Interest Coverage Ratio	2.51	5.94	27.99
5yr Avg ROCE	12.32 %	7.15 %	18.89 %
5yr Avg Operating Profit Margin	15.7 %	7.29 %	16.34 %
5 yr average Debt to Equity	0.58	0.16	0.08
5yr CAGR Net Profit	-13.74 %	19.37 %	12.71 %
5yr Average Return on Assets	3.38 %	3.39 %	9.7 %
Shareholdings
Promoter Holding	42.07 %	64.9 %	54.48 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.97 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-4.86 %	0.0	-4.03 %

Business

	Exxaro Tiles	Orient Bell	Cera Sanitaryware
Product Wise Break-Up	Product Wise Break-Up Glazed Vitrified Tiles 55.09 Vitrified Tiles 26.23 Vitrified 0 Ceramic 0 Tiles 0 Faucets 0 Sanitaryware 0 Others 18.68	Product Wise Break-Up Vitrified 50.6 Faucets 0 Vitrified Tiles 0 Tiles 0 Ceramics 49.4 Glazed Vitrified Tiles 0 Sanitaryware 0	Product Wise Break-Up Vitrified 0 Faucets 35.7 Vitrified Tiles 0 Tiles 9.91 Ceramic 0 Glazed Vitrified Tiles 0 Sanitaryware 51.31 Others 3.08
Segment Break-Up	Segment Break-Up Ceramic Tiles 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up India 96.0 South 0 West 0 East 0 Central & North 0 Rest of the World 0 Others 4.0	Location Wise Break-Up Rest of the World 1.04 South 0 India 98.96 East 0 West 0 Central & North 0	Location Wise Break-Up Rest of the World 0 South 0 India 99.08 East 0 West 0 Central & North 0 Others 0.92
Location Wise Break-Up	Location Wise Break-Up India 96.0 South 0 West 0 East 0 Central & North 0 Rest of the World 0 Others 4.0	Location Wise Break-Up Rest of the World 1.04 South 0 India 98.96 East 0 West 0 Central & North 0	Location Wise Break-Up Rest of the World 0 South 0 India 99.08 East 0 West 0 Central & North 0 Others 0.92
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise Others 100	-	-