Ratnamani Metals & Tubes Ltd.

Financial

	Ratnamani Metals	Welspun Corp	Jindal Saw
Operational Metrics
Steel Sector
Manufacturing Capacity - Steel Pipes	510000.0 MTPA	2300000.0 MTPA	425000.0 MTPA
Financials
5 yr Average ROE	17.13 %	14.52 %	10.03 %
5yr average Equity Multiplier	1.37	2.39	2.12
5yr Average Asset Turnover Ratio	1.08	0.98	0.9
5yr Avg Net Profit Margin	11.58 %	6.48 %	5.21 %
Price to Book	5.54	3.23	1.34
P/E	34.84	28.6	8.81
5yr Avg Cash Conversion Cycle	121.44 Days	80.02 Days	96.44 Days
Inventory Days	98.45 Days	88.62 Days	86.44 Days
Days Receivable	69.09 Days	30.86 Days	61.62 Days
Days Payable	50.72 Days	38.87 Days	73.91 Days
5yr Average Interest Coverage Ratio	20.2	7.61	3.08
5yr Avg ROCE	21.81 %	15.63 %	16.27 %
5yr Avg Operating Profit Margin	16.93 %	8.66 %	12.29 %
5 yr average Debt to Equity	0.09	0.41	0.62
5yr CAGR Net Profit	15.16 %	11.81 %	40.38 %
5yr Average Return on Assets	12.5 %	6.56 %	4.93 %
Shareholdings
Promoter Holding	59.77 %	50.01 %	63.28 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.39 %	0.0	0.26 %
Change in Mutual Fund Holding (3 Yrs)	2.74 %	4.96 %	3.76 %

Business

	Ratnamani Metals	Welspun Corp	Jindal Saw
Product Wise Break-Up	Product Wise Break-Up Steel Pipes & Tubes 92.56 Bearing Rings 4.79 Wind mills 0 LSAW Pipe 0 HSAW Pipe 0 ERW Pipe 0 Waterways Logistics 0 Iron and steel products 0 Others 2.65	Product Wise Break-Up Steel Pipes & Tubes 0 Iron and steel products 0 Wind mills 0 Bearing Rings 0 HSAW 75.82 Waterways Logistics 0 ERW Pipe 8.24 LSAW Pipe 15.94	Product Wise Break-Up Steel Pipes & Tubes 0 Iron & Steel 100.0 Wind mills 0 Bearing Rings 0 HSAW Pipe 0 Waterways Logistics 0 ERW Pipe 0 LSAW Pipe 0
Location Wise Break-Up	Location Wise Break-Up India 75.45 Rest of the World 24.55	Location Wise Break-Up Rest of the World 50.61 India 49.39	Location Wise Break-Up Rest of the World 31.84 India 68.16
Operating Profit Break-Up	Operating Profit Break-Up Waterways Logistics 0 Iron & Steel 0 Others 100	-	Operating Profit Break-Up Steel 100.0 Waterways Logistics 0
Asset Break-Up	Asset Break-Up Others 100	-	Asset Break-Up Others 100