The India Cements Ltd.

Financial

	India Cements	Birla Corporation	JK Lakshmi Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4172.06 Rs/MT	5103.0 Rs/MT	5274.1 Rs/MT
EBITDA / Tonne - Cement	-669.57 Rs/MT	1014.0 Rs/MT	1020.37 Rs/MT
Manufacturing Capacity - Cement	15.55 MMTPA	20.0 MMTPA	16.4 MMTPA
Capacity Utilization - Cement	59.0 %	105.0 %	89.0 %
Quarterly Sales Volume - Cement	2.3 Million tonnes	5.25 Million tonnes	3.6 Million tonnes
Financials
5 yr Average ROE	-0.09 %	7.11 %	16.03 %
5yr average Equity Multiplier	2.0	2.34	2.53
5yr Average Asset Turnover Ratio	0.44	0.59	0.91
5yr Avg Net Profit Margin	0.09 %	5.35 %	7.06 %
Price to Book	0.99	1.47	2.79
P/E	0.0	34.98	32.31
5yr Avg Cash Conversion Cycle	-205.75 Days	-158.33 Days	-95.16 Days
Inventory Days	55.06 Days	37.51 Days	36.26 Days
Days Receivable	54.4 Days	12.83 Days	2.74 Days
Days Payable	347.54 Days	230.96 Days	165.71 Days
5yr Average Interest Coverage Ratio	0.8	2.62	4.57
5yr Avg ROCE	1.93 %	7.7 %	17.4 %
5yr Avg Operating Profit Margin	7.66 %	15.53 %	16.83 %
5 yr average Debt to Equity	0.54	0.72	0.8
5yr CAGR Net Profit	n/a	-3.6 %	13.72 %
5yr Average Return on Assets	-0.06 %	3.02 %	6.4 %
Shareholdings
Promoter Holding	81.49 %	62.9 %	46.34 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	53.07 %	0.0	0.03 %
Change in Mutual Fund Holding (3 Yrs)	-3.1 %	0.1 %	-0.4 %

Business

	India Cements	Birla Corporation	JK Lakshmi Cement
Product Wise Break-Up	Product Wise Break-Up Cement 93.35 Ready Mix Concrete 2.17 Electricity 1.58 Clinker 0.23 White Cement 0 Jute 0 Others 2.67	Product Wise Break-Up Jute 4.38 Ready Mix Concrete 0 Clinker 0 Cement 95.57 White Cement 0 Electricity 0 Others 0.05	Product Wise Break-Up Jute 0 Ready Mix Concrete 0 Clinker 0 Cement 100.0 White Cement 0 Electricity 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 Rest Of India 0 North & West India 0 North India 0 Rajasthan 0 Gujarat/MP 0	Location Wise Break-Up North India 0 India 99.42 Rest of the World 0.58 Gujarat/MP 0 Rajasthan 0 North & West India 0 Rest Of India 0	Location Wise Break-Up North India 23.0 India 0 Rest of the World 0 Gujarat & MP 37.0 Rajasthan 40.0 North & West India 0 Rest Of India 0
Raw Material Break-Up	Raw Material Break-Up Limestone 38.56 Gypsum 12.23 Others 49.21	-	-