MM Forgings Ltd. benchmarking: Perfomance to industry peers

Financial

	MM Forgings	Rishabh Instruments	Alicon Castalloy
Operational Metrics
Metals
Quarterly Sales Volume - Casting & Forging	19500.0 Tonnes	n/a	n/a
Manufacturing Capacity - Forging	130000.0 MTPA	n/a	n/a
Steel Sector
EBITDA/Tonne - Casting & Forging	35000.0 Rs/ Tonne	n/a	n/a
Financials
5 yr Average ROE	15.1 %	9.58 %	6.83 %
5yr average Equity Multiplier	2.54	1.56	2.35
5yr Average Asset Turnover Ratio	0.75	0.84	1.18
5yr Avg Net Profit Margin	7.9 %	7.21 %	2.46 %
Price to Book	1.67	2.5	2.34
P/E	13.43	39.48	38.28
5yr Avg Cash Conversion Cycle	65.54 Days	55.03 Days	96.64 Days
Inventory Days	71.89 Days	82.92 Days	38.52 Days
Days Receivable	75.21 Days	66.99 Days	108.3 Days
Days Payable	84.32 Days	111.93 Days	71.6 Days
5yr Average Interest Coverage Ratio	4.9	11.91	2.3
5yr Avg ROCE	15.9 %	11.81 %	12.84 %
5yr Avg Operating Profit Margin	18.44 %	12.22 %	11.0 %
5 yr average Debt to Equity	1.22	0.22	0.69
5yr CAGR Net Profit	21.48 %	-8.2 %	n/a
5yr Average Return on Assets	5.97 %	6.01 %	3.09 %
Shareholdings
Promoter Holding	56.34 %	69.81 %	54.01 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.87 %	-1.7 %
Change in Mutual Fund Holding (3 Yrs)	-10.39 %	-2.53 %	2.75 %

	MM Forgings	Rishabh Instruments	Alicon Castalloy
Product Wise Break-Up	Product Wise Break-Up Steel Forgings 99.07 0 Aluminium high pressure die castings 0 Solar string inverters 0 Portable test and measuring instruments 0 0 Electrical Automation 0 Aluminium Castings 0 Others 0.93	Product Wise Break-Up Aluminium Castings 0 0 Steel Forgings 0 Solar string inverters 0 Electrical Automation 15.0 Metering, control and protection devices 36.5 Aluminium high pressure die castings 39.8 Portable test and measuring instruments 7.1 Others 1.6	Product Wise Break-Up Aluminum Castings 100.0 0 Steel Forgings 0 Solar string inverters 0 Electrical Automation 0 0 Aluminium high pressure die castings 0 Portable test and measuring instruments 0
Location Wise Break-Up	Location Wise Break-Up India 59.8 Rest of the World 40.2 USA 0 South America 0 Europe 0 Poland 0 Europe ( Ex Poland) 0 Asia 0	Location Wise Break-Up Rest of the World 0 USA 0 India 0 Europe ( Ex Poland) 70.8 South America 0 Asia 24.1 Poland 0 Europe 0 Others 5.1	Location Wise Break-Up Rest of the World 22.0 USA 0 India 78.0 Europe ( Ex Poland) 0 South America 0 Asia 0 Poland 0 Europe 0
Customer Segment	Customer Segment Commercial Vehicles 79.5 Auto PC 13.0 Off Highway 7.2 Non-Auto 0 0 Passenger vehicles 0 Two-wheeler 0 Others 0.3	-	Customer Segment Commercial Vehicles 15.0 Non-Auto 0 Auto PC 0 Off Highway 0 Commercial Vehicles 0 2 Wheeler 40.0 4 Wheeler 39.0 Others 6.0