Mangalam Cement Ltd.

Financial

	Mangalam Cement	Udaipur Cement Works	Sanghi Industries
Operational Metrics
Cement Sector
Realization / Tonne - Cement	5135.36 Rs/MT	n/a	3722.22 Rs/MT
EBITDA / Tonne - Cement	1084.0 Rs/MT	66.36 Rs/MT	427.0 Rs/MT
Manufacturing Capacity - Cement	4.0 MMTPA	4.7 MMTPA	6.1 MMTPA
Capacity Utilization - Cement	84.5 %	34.77 %	28.0 %
Quarterly Sales Volume - Cement	0.84 Million tonnes	0.51 Million tonnes	0.9 Million tonnes
Financials
5 yr Average ROE	9.45 %	12.91 %	-27.22 %
5yr average Equity Multiplier	2.67	4.2	3.15
5yr Average Asset Turnover Ratio	0.8	0.66	0.26
5yr Avg Net Profit Margin	4.54 %	4.81 %	-25.76 %
Price to Book	2.42	2.22	2.7
P/E	45.72	175.72	0.0
5yr Avg Cash Conversion Cycle	-324.47 Days	-19.02 Days	-288.79 Days
Inventory Days	48.91 Days	37.29 Days	108.74 Days
Days Receivable	7.11 Days	1.42 Days	21.83 Days
Days Payable	253.67 Days	63.65 Days	1528.97 Days
5yr Average Interest Coverage Ratio	2.52	2.02	0.45
5yr Avg ROCE	14.34 %	12.71 %	-0.22 %
5yr Avg Operating Profit Margin	13.78 %	16.88 %	7.64 %
5 yr average Debt to Equity	0.87	2.68	1.69
5yr CAGR Net Profit	-4.68 %	31.66 %	n/a
5yr Average Return on Assets	3.52 %	3.17 %	-6.29 %
Shareholdings
Promoter Holding	39.52 %	75.0 %	75.0 %
Share Pledged by Promoters	0.0	0.0	14.1 %
Change in Promoter Holding (3 Yrs)	12.89 %	2.46 %	4.67 %
Change in Mutual Fund Holding (3 Yrs)	1.61 %	-0.04 %	0.2 %

Business

	Mangalam Cement	Udaipur Cement Works	Sanghi Industries
Product Wise Break-Up	Product Wise Break-Up Cement 100.0 Clinker 0	Product Wise Break-Up Cement 100.0 Clinker 0	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 Gujarat 0	Location Wise Break-Up Rest of the World 0 India 100.0 Gujarat 0	Location Wise Break-Up Rest of the World 0 India 100.0 Gujarat 0
Distribution Channel	Distribution Channel D2C 97.03 Others 2.97	-	-