Kalyani Steels Ltd.

Financial

	Kalyani Steels	Sunflag Iron & Steel	Vardhman Special
Operational Metrics
Bloom
Realization/Tonne - Blooms & Rounds	83308.05 Rs/MT	n/a	n/a
Coke
Realization/Tonne - Coke	38448.75 Rs/MT	n/a	n/a
Pig Iron
Realization/Tonne - Pig Iron	39591.53 Rs/MT	n/a	n/a
Steel Slab
Realization/Tonne - Rolled Products	75611.69 Rs/MT	n/a	n/a
Financials
5 yr Average ROE	15.63 %	12.88 %	11.39 %
5yr average Equity Multiplier	1.51	1.58	1.76
5yr Average Asset Turnover Ratio	0.84	0.72	1.32
5yr Avg Net Profit Margin	12.76 %	11.38 %	4.76 %
Price to Book	1.67	0.58	2.47
P/E	12.34	24.94	21.21
5yr Avg Cash Conversion Cycle	64.22 Days	81.2 Days	71.54 Days
Inventory Days	39.56 Days	97.0 Days	76.53 Days
Days Receivable	68.76 Days	34.47 Days	57.53 Days
Days Payable	71.86 Days	58.65 Days	65.29 Days
5yr Average Interest Coverage Ratio	24.35	7.96	6.34
5yr Avg ROCE	20.07 %	9.21 %	16.24 %
5yr Avg Operating Profit Margin	18.43 %	12.32 %	8.96 %
5 yr average Debt to Equity	0.16	0.19	0.34
5yr CAGR Net Profit	13.56 %	9.29 %	93.94 %
5yr Average Return on Assets	10.38 %	8.27 %	6.59 %
Shareholdings
Promoter Holding	64.7 %	51.16 %	60.37 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.01 %	0.0	-0.41 %
Change in Mutual Fund Holding (3 Yrs)	1.88 %	0.1 %	2.9 %

Business

	Kalyani Steels	Sunflag Iron & Steel	Vardhman Special
Product Wise Break-Up	Product Wise Break-Up Rolled Products 87.0 Blooms 8.99 Pig Iron 2.63 Coke 1.38 0 Bright bars 0 Black bars 0	Product Wise Break-Up Bright bars 0 Blooms 0 Rolled Products 0 Black bars 0 Pig Iron 0 Coke 0 Steel & Steel Products ( Rolled Products ) 100.0	Product Wise Break-Up Bright Bars 26.97 Blooms 0 Rolled Products 0 Black bars 72.34 Pig Iron 0 Coke 0 0 Others 0.69
Location Wise Break-Up	Location Wise Break-Up India 99.55 Rest of the World 0.45	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 96.18 Rest of the World 3.82
Raw Material Break-Up	Raw Material Break-Up Coke and Coal 56.42 Iron Ore 21.16 Ferro Alloys 19.69 Coking Coal 0 Electrodoes 0 Fluxes , minerals & additives 0 Ferrao alloys 0 Scrape & HBI 0 Coke 0 Coal & coal fines 0 Iron ore & iron ore fines 0 Others 2.73	Raw Material Break-Up Coke and Coal 0 Electrodes 1.6 Coking Coal 13.7 Ferro Alloys 16.63 Iron Ore 0 Ferro Alloys 0 Iron Ore 20.28 Scrape 0.21 Coal 5.73 Fluxes 4.59 Coke 23.91 Others 13.35	-
Customer Wise Break-Up	Customer Wise Break-Up Bharat Forge 50.68 Kalyani Technolgies 49.32	-	-