MSP Steel & Power Ltd. benchmarking: Performance to industry peers

Financial

	MSP Steel & Power	Vardhman Spl. Steel	Rhetan TMT
Operational Metrics
Power
Capacity Utilization - Electricity	71.0 %	n/a	n/a
Generation Capacity - Electricity	76.0 MW	n/a	n/a
Steel
Capacity Utilization - Pellets	81.0 %	n/a	n/a
Manufacturing Capacity - Pellets	900000.0 MTPA	n/a	n/a
Manufacturing Capacity- Steel Billets	315109.0 MTPA	300000.0 MTPA	n/a
Capacity Utilization - Steel Billets	87.0 %	82.55 %	n/a
Manufacturing Capacity - Sponge Iron	307500.0 MTPA	n/a	n/a
Capacity Utilization - Sponge Iron	101.0 %	n/a	n/a
Capacity Utilization - TMT	93.0 %	n/a	n/a
Manufacturing Capacity - TMT	273000.0 MTPA	n/a	n/a
Manufacturing Capacity - Structural TMT	128000.0 MTPA	n/a	n/a
Manufacturing Capacity - Light Structural TMT	40000.0 MTPA	n/a	n/a
Financials
5 yr Average ROE	1.49 %	13.35 %	5.49 %
5yr average Equity Multiplier	2.49	1.54	2.22
5yr Average Asset Turnover Ratio	1.55	1.57	0.82
5yr Avg Net Profit Margin	-0.22 %	5.53 %	5.87 %
Price to Book	2.32	3.29	19.96
P/E	70.89	28.18	210.58
5yr Avg Cash Conversion Cycle	34.76 Days	72.25 Days	535.69 Days
Inventory Days	69.87 Days	73.09 Days	167.53 Days
Days Receivable	9.16 Days	53.93 Days	225.55 Days
Days Payable	38.01 Days	56.88 Days	36.56 Days
5yr Average Interest Coverage Ratio	1.02	8.0	3.71
5yr Avg ROCE	7.62 %	18.65 %	7.43 %
5yr Avg Operating Profit Margin	5.27 %	8.37 %	8.21 %
5 yr average Debt to Equity	1.13	0.16	0.96
5yr CAGR Net Profit	n/a	-1.51 %	107.08 %
5yr Average Return on Assets	-0.45 %	8.65 %	3.31 %
Shareholdings
Promoter Holding	40.22 %	51.06 %	62.12 %
Share Pledged by Promoters	71.27 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.4 %	-9.65 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	2.27 %	0.0

Business

	MSP Steel & Power	Vardhman Spl. Steel	Rhetan TMT
Product Wise Break-Up	Product Wise Break-Up TMT Bars 60.5 Pellets 27.75 Sponge iron 6.22 MS Billets 4.72 Power 0.67 Bright bars 0 Black bars 0 Others 0.14	Product Wise Break-Up TMT Bars 0 Sponge iron 0 Black bars 75.01 Bright Bars 23.18 Power 0 Pellets 0 MS Billets 0 Others 1.81	-
Location Wise Break-Up	Location Wise Break-Up India 99.91 Rest of the World 0.09	Location Wise Break-Up Rest of the World 8.0 India 92.0	Location Wise Break-Up Rest of the World 0 India 100.0
Distribution Channel	Distribution Channel Through Intermediaries 69.99 Direct 30.01	-	-

MSP Steel & Power Ltd.

MSP Steel & Power Ltd.

Financial

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