Ultratech Cement Ltd. benchmarking: Perfomance to industry peers

Financial

	Ultratech Cement	Grasim Industries	Ambuja Cement
Operational Metrics
Cement
Realization / Tonne - Cement	5088.0 Rs/MT	n/a	5252.38 Rs/MT
EBITDA / Tonne - Cement	1248.0 Rs/MT	n/a	827.0 Rs/MT
Manufacturing Capacity - Cement	188.8 MMTPA	n/a	38.9 MMTPA
Capacity Utilization - Cement	89.0 %	n/a	74.0 %
Capacity Utilization - Grey Cement	84.0 %	n/a	n/a
Quarterly Sales Volume - Cement	33.85 Million tonnes	n/a	10.5 Million tonnes
Realisation - ( White Cement )	11892.86 Rs/MT	n/a	n/a
Financials
5 yr Average ROE	11.28 %	7.07 %	9.19 %
5yr average Equity Multiplier	1.77	4.39	1.65
5yr Average Asset Turnover Ratio	0.62	0.32	0.59
5yr Avg Net Profit Margin	10.4 %	5.22 %	9.71 %
Price to Book	4.89	2.02	2.61
P/E	47.52	46.84	32.38
5yr Avg Cash Conversion Cycle	-180.58 Days	-103.82 Days	-111.73 Days
Inventory Days	32.06 Days	30.04 Days	28.68 Days
Days Receivable	20.49 Days	17.9 Days	12.76 Days
Days Payable	233.11 Days	179.78 Days	228.72 Days
5yr Average Interest Coverage Ratio	8.48	2.83	27.37
5yr Avg ROCE	12.93 %	7.13 %	12.18 %
5yr Avg Operating Profit Margin	19.87 %	20.78 %	18.26 %
5 yr average Debt to Equity	0.27	1.37	0.0
5yr CAGR Net Profit	2.03 %	-2.95 %	11.99 %
5yr Average Return on Assets	6.42 %	1.67 %	5.55 %
Shareholdings
Promoter Holding	59.23 %	43.11 %	67.68 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.73 %	0.36 %	4.46 %
Change in Mutual Fund Holding (3 Yrs)	1.38 %	2.47 %	0.66 %

	Ultratech Cement	Grasim Industries	Ambuja Cement
Product Wise Break-Up	Product Wise Break-Up Grey Cement 78.56 White Cement 3.44 0 Financial services 0 0 0 Viscose (VSF) 0 Ready Mix Concrete 0 Cement 0 Others 18.0	Product Wise Break-Up 0 Grey Cement 0 Chemicals 5.9 Ready Mix Concrete 0 Viscose (VSF) 9.98 White Cement 0 Cement ( Grey Cement, White Cement and Allied Products ) 58.57 Financial Services 23.42 Cement 0 Others 2.13	Product Wise Break-Up 0 Grey Cement 0 0 Ready Mix Concrete 4.08 Viscose (VSF) 0 White Cement 0 0 Financial services 0 Cement 95.92
Segment Break-Up	Segment Break-Up Cement 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up North India 23.0 West India 22.0 South India 19.0 Central India 19.0 East India 17.0 India 0 Rest of the World 0 Domestic 0	Location Wise Break-Up West India 0 Rest of the World 4.0 North India 0 Central India 0 Domestic 0 East India 0 South India 0 India 96.0	Location Wise Break-Up West India 0 Rest of the World 0 North India 0 Central India 0 Domestic 100.0 East India 0 South India 0 India 0