Orient Bell Ltd.

Financial

	Orient Bell	Exxaro Tiles	Cera Sanitaryware
Operational Metrics
Tiles
Manufacturing Capacity - Tiles	36.9 Mn Sqm/Year	14.6 Mn Sqm/Year	n/a
Capacity Utilization - Tiles	83.0 %	81.2 %	n/a
Realization / Square Metre - Tiles	279.0 Rs/Sqm	316.83 Rs/Sqm	n/a
Quarterly Sales Volume - Tiles	5.78 Mn Sqm	2.59 Mn Sqm	n/a
Financials
5 yr Average ROE	5.72 %	6.87 %	15.08 %
5yr average Equity Multiplier	1.74	1.98	1.56
5yr Average Asset Turnover Ratio	1.28	0.72	1.01
5yr Avg Net Profit Margin	2.54 %	4.61 %	9.61 %
Price to Book	1.78	1.63	7.28
P/E	233.87	208.21	39.14
5yr Avg Cash Conversion Cycle	-48.78 Days	42.36 Days	16.56 Days
Inventory Days	48.0 Days	137.87 Days	64.08 Days
Days Receivable	54.56 Days	121.93 Days	35.81 Days
Days Payable	103.46 Days	203.59 Days	76.59 Days
5yr Average Interest Coverage Ratio	5.94	2.51	27.99
5yr Avg ROCE	7.15 %	12.32 %	18.89 %
5yr Avg Operating Profit Margin	7.29 %	15.7 %	16.34 %
5 yr average Debt to Equity	0.16	0.58	0.08
5yr CAGR Net Profit	19.37 %	-13.74 %	12.71 %
5yr Average Return on Assets	3.39 %	3.38 %	9.7 %
Shareholdings
Promoter Holding	64.9 %	42.07 %	54.48 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.97 %	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	-4.86 %	-4.03 %

Business

	Orient Bell	Exxaro Tiles	Cera Sanitaryware
Product Wise Break-Up	Product Wise Break-Up Vitrified 50.6 Ceramics 49.4 Double Charge Vitrified Tiles 0 Glazed Vitrified Tiles 0 Tiles 0 Faucets 0 Sanitaryware 0	Product Wise Break-Up Vitrified 0 Tiles 0 Vitrified Tiles 26.23 Ceramics 0 Sanitaryware 0 Faucets 0 Glazed Vitrified Tiles 55.09 Others 18.68	Product Wise Break-Up Vitrified 0 Tiles 9.91 Double Charge Vitrified Tiles 0 Ceramics 0 Sanitaryware 51.31 Faucets 35.7 Glazed Vitrified Tiles 0 Others 3.08
Location Wise Break-Up	Location Wise Break-Up India 98.96 Rest of the World 1.04 South 0 West 0 East 0 Central & North 0	Location Wise Break-Up South 0 Rest of the World 0 West 0 India 96.0 East 0 Central & North 0 Others 4.0	Location Wise Break-Up South 0 Rest of the World 0 West 0 India 99.08 East 0 Central & North 0 Others 0.92
Manufacturing Break-Up	Manufacturing Break-Up Own 67.76 JV + Trading 32.24	-	-