Mangalam Cement Ltd.

Financial

	Mangalam Cement	Rain Industries	Saurashtra Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	5206.89 Rs/MT	4756.7 Rs/MT	n/a
EBITDA / Tonne - Cement	1084.0 Rs/MT	599.33 Rs/MT	n/a
Manufacturing Capacity - Cement	4.0 MMTPA	4.0 MMTPA	n/a
Capacity Utilization - Cement	86.5 %	78.0 %	n/a
Quarterly Sales Volume - Cement	0.86 Million tonnes	0.9 Million tonnes	3.54 Million tonnes
Financials
5 yr Average ROE	7.6 %	6.36 %	5.04 %
5yr average Equity Multiplier	2.72	2.93	1.49
5yr Average Asset Turnover Ratio	0.81	0.81	1.02
5yr Avg Net Profit Margin	3.69 %	2.83 %	3.9 %
Price to Book	3.12	0.79	1.47
P/E	42.4	0.0	33.09
5yr Avg Cash Conversion Cycle	-185.95 Days	75.05 Days	-185.6 Days
Inventory Days	44.64 Days	60.78 Days	40.26 Days
Days Receivable	7.2 Days	46.31 Days	14.88 Days
Days Payable	180.89 Days	53.61 Days	1940.02 Days
5yr Average Interest Coverage Ratio	2.16	2.91	8.89
5yr Avg ROCE	12.45 %	9.2 %	8.09 %
5yr Avg Operating Profit Margin	14.38 %	15.83 %	9.39 %
5 yr average Debt to Equity	0.93	1.34	0.07
5yr CAGR Net Profit	n/a	n/a	34.91 %
5yr Average Return on Assets	2.8 %	2.15 %	3.46 %
Shareholdings
Promoter Holding	36.94 %	41.14 %	66.96 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	12.44 %	0.0	-6.2 %
Change in Mutual Fund Holding (3 Yrs)	1.13 %	0.66 %	0.0

Business

	Mangalam Cement	Rain Industries	Saurashtra Cement
Product Wise Break-Up	Product Wise Break-Up Cement 100.0 Clinker 0 Resins 0 Coal tar pitch 0 Calcined petroleum coke 0 Energy 0 Other Carbon Products 0 Paints 0	Product Wise Break-Up Paints 0 Resins 10.3 Energy 1.01 Coal tar pitch 26.1 Calcined Petroleum Coke 38.98 Other Carbon Products 15.87 Cement 7.73 Clinker 0 Others 0.01	Product Wise Break-Up Paints 2.36 Resins 0 Energy 0 Coal tar pitch 0 Calcined petroleum coke 0 Other Carbon Products 0 Cement 97.64 Clinker 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 Europe 0 Africa 0 USA 0 America Ex USA 0 Middle East 0 Asia Ex Middle East 0 Gujarat 0	Location Wise Break-Up Africa 0 Europe 35.58 Gujarat 0 India 16.99 Middle East 0 Asia Pacific 5.06 USA 16.73 America 18.34 Rest of the World 0 Others 7.3	Location Wise Break-Up Africa 0 Europe 0 Gujarat 0 India 99.99 Middle East 0 Asia Ex Middle East 0 USA 0 America Ex USA 0 Rest of the World 0 Others 0.01
Distribution Channel	Distribution Channel D2C 9.48 Others 90.52	-	-