Kalyani Steels Ltd.

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 %	11.39 %	12.88 %
5yr average Equity Multiplier	1.49	1.76	1.58
5yr Average Asset Turnover Ratio	0.77	1.32	0.72
5yr Avg Net Profit Margin	13.47 %	4.76 %	11.38 %
Price to Book	2.0	3.1	0.61
P/E	14.22	28.45	27.3
5yr Avg Cash Conversion Cycle	82.22 Days	71.54 Days	81.2 Days
Inventory Days	43.45 Days	76.53 Days	97.0 Days
Days Receivable	78.46 Days	57.53 Days	34.47 Days
Days Payable	65.97 Days	65.29 Days	58.65 Days
5yr Average Interest Coverage Ratio	22.83	6.34	7.96
5yr Avg ROCE	19.82 %	16.24 %	9.21 %
5yr Avg Operating Profit Margin	19.18 %	8.96 %	12.32 %
5 yr average Debt to Equity	0.2	0.34	0.19
5yr CAGR Net Profit	13.41 %	93.94 %	9.29 %
5yr Average Return on Assets	10.28 %	6.59 %	8.27 %
Shareholdings
Promoter Holding	64.7 %	51.13 %	51.16 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.01 %	-9.68 %	0.0
Change in Mutual Fund Holding (3 Yrs)	1.92 %	2.27 %	0.14 %

Business

	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 Black bars 72.34 Coke 0 Bright Bars 26.97 Blooms 0 Pig Iron 0 0 Rolled Products 0 Others 0.69	Product Wise Break-Up Black bars 0 Coke 0 Bright bars 0 Blooms 0 Pig Iron 0 Steel & Steel Products ( Rolled Products ) 100.0 Rolled Products 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 Coking Coal 13.7 Coke 23.91 Fluxes 4.59 Scrape 0.21 Electrodes 1.6 Coke and Coal 0 Iron Ore 20.28 Iron Ore 0 Ferro Alloys 16.63 Coal 5.73 Ferro Alloys 0 Others 13.35
Customer Wise Break-Up	Customer Wise Break-Up Kalyani Technolgies 50.14 Bharat Forge 49.86	-	-