Kalyani Steels Ltd. benchmarking: Perfomance to industry peers

Financial

	Kalyani Steels	Vardhman Special	Sunflag Iron & Steel
Operational Metrics
Oil Refining Sector
Realization/Tonne - Coke	32405.76 Rs/MT	n/a	n/a
Steel Sector
Realization/Tonne - Pig Iron	38249.41 Rs/MT	n/a	n/a
Realization/Tonne - Blooms & Rounds	83262.75 Rs/MT	n/a	n/a
Realization/Tonne - Rolled Products	74731.9 Rs/MT	n/a	n/a
Financials
5 yr Average ROE	15.38 %	13.35 %	11.92 %
5yr average Equity Multiplier	1.49	1.54	1.49
5yr Average Asset Turnover Ratio	0.77	1.57	0.64
5yr Avg Net Profit Margin	13.47 %	5.53 %	11.24 %
Price to Book	1.9	3.3	0.54
P/E	13.49	28.3	23.95
5yr Avg Cash Conversion Cycle	82.22 Days	72.25 Days	84.32 Days
Inventory Days	43.45 Days	73.09 Days	92.33 Days
Days Receivable	78.46 Days	53.93 Days	35.35 Days
Days Payable	65.97 Days	56.88 Days	53.42 Days
5yr Average Interest Coverage Ratio	22.83	8.0	7.97
5yr Avg ROCE	19.82 %	18.65 %	8.31 %
5yr Avg Operating Profit Margin	19.18 %	8.37 %	12.58 %
5 yr average Debt to Equity	0.2	0.16	0.16
5yr CAGR Net Profit	13.41 %	-1.51 %	2.88 %
5yr Average Return on Assets	10.28 %	8.65 %	7.79 %
Shareholdings
Promoter Holding	64.7 %	60.37 %	51.16 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.44 %	0.0
Change in Mutual Fund Holding (3 Yrs)	2.1 %	2.9 %	0.14 %

	Kalyani Steels	Vardhman Special	Sunflag Iron & Steel
Product Wise Break-Up	Product Wise Break-Up Rolled Products 89.12 Blooms 7.17 Coke 3.21 Pig Iron 0.5 Bright bars 0 Black bars 0 0	Product Wise Break-Up Pig Iron 0 Blooms 0 Coke 0 Black bars 75.01 Bright Bars 23.18 Rolled Products 0 0 Others 1.81	Product Wise Break-Up Pig Iron 0 Blooms 0 Coke 0 Black bars 0 Bright bars 0 Rolled Products 0 Steel & Steel Products ( Rolled Products ) 100.0
Location Wise Break-Up	Location Wise Break-Up India 99.3 Rest of the World 0.7	Location Wise Break-Up Rest of the World 3.0 India 97.0	Location Wise Break-Up Rest of the World 0 India 100.0
Raw Material Break-Up	Raw Material Break-Up Coke and Coal 52.58 Iron Ore 25.0 Ferro Alloys 19.52 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 2.9	-	Raw Material Break-Up Ferro Alloys 16.86 Coke 26.08 Fluxes 4.5 Coking Coal 6.29 Iron Ore 22.72 Coke and Coal 0 Coal 6.75 Iron Ore 0 Electrodes 1.35 Scrape 0.37 Ferro Alloys 0 Others 15.08
Customer Wise Break-Up	Customer Wise Break-Up Kalyani Technolgies 50.14 Bharat Forge 49.86	-	-