Kalyani Steels Ltd. benchmarking: Perfomance to industry peers

Financial

	Kalyani Steels	Vardhman Special	Welspun Special.Soln
Operational Metrics
Oil Refining
Realization/Tonne - Coke	32405.76 Rs/MT	n/a	n/a
Steel
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 %	37.08 %
5yr average Equity Multiplier	1.49	1.54	8.0
5yr Average Asset Turnover Ratio	0.77	1.57	0.79
5yr Avg Net Profit Margin	13.47 %	5.53 %	17.0 %
Price to Book	1.68	3.37	5.41
P/E	12.71	28.89	271.1
5yr Avg Cash Conversion Cycle	82.22 Days	72.25 Days	-9.51 Days
Inventory Days	43.45 Days	73.09 Days	163.19 Days
Days Receivable	78.46 Days	53.93 Days	43.42 Days
Days Payable	65.97 Days	56.88 Days	178.72 Days
5yr Average Interest Coverage Ratio	22.83	8.0	2.34
5yr Avg ROCE	19.82 %	18.65 %	6.2 %
5yr Avg Operating Profit Margin	19.18 %	8.37 %	-3.42 %
5 yr average Debt to Equity	0.2	0.16	4.15
5yr CAGR Net Profit	13.41 %	-1.51 %	n/a
5yr Average Return on Assets	10.28 %	8.65 %	6.06 %
Shareholdings
Promoter Holding	64.7 %	51.13 %	55.17 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-9.68 %	1.62 %
Change in Mutual Fund Holding (3 Yrs)	2.1 %	2.36 %	0.0

	Kalyani Steels	Vardhman Special	Welspun Special.Soln
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 Steel 0	Product Wise Break-Up Rolled Products 0 Bright Bars 23.18 Black bars 75.01 Pig Iron 0 Coke 0 Blooms 0 Steel 0 Others 1.81	Product Wise Break-Up Rolled Products 0 Bright bars 0 Black bars 0 Pig Iron 0 Coke 0 Blooms 0 Steel 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 63.85 Others 36.15
Raw Material Break-Up	Raw Material Break-Up Coke and Coal 52.58 Iron Ore 25.0 Ferro Alloys 19.52 Others 2.9	-	-
Customer Wise Break-Up	Customer Wise Break-Up Kalyani Technolgies 50.14 Bharat Forge 49.86	-	-