Vardhman Special Steels Ltd. benchmarking: Perfomance to industry peers

Financial

	Vardhman Special	Mukand	Sunflag Iron & Steel
Operational Metrics
Steel
Manufacturing Capacity- Steel Billets	300000.0 MTPA	n/a	n/a
Capacity Utilization - Steel Billets	87.05 %	n/a	n/a
Manufacuring Capacity - Steel Rods	200000.0 MTPA	n/a	n/a
Capacity Utilization - Steel Rods	85.52 %	n/a	n/a
Realization/Tonne - Steel Rods	77836.0 Rs/MT	n/a	n/a
Quarterly Sales Volume - Steel	0.06 Million Tonnes	n/a	n/a
EBITDA/Tonne - Steel	10169.98 Rs/Tonne	n/a	n/a
Financials
5 yr Average ROE	13.35 %	4.4 %	11.92 %
5yr average Equity Multiplier	1.54	4.6	1.49
5yr Average Asset Turnover Ratio	1.57	1.41	0.64
5yr Avg Net Profit Margin	5.53 %	0.59 %	11.24 %
Price to Book	3.37	2.01	0.53
P/E	28.89	29.74	22.39
5yr Avg Cash Conversion Cycle	72.25 Days	108.25 Days	84.32 Days
Inventory Days	73.09 Days	122.14 Days	92.33 Days
Days Receivable	53.93 Days	35.83 Days	35.35 Days
Days Payable	56.88 Days	61.1 Days	53.42 Days
5yr Average Interest Coverage Ratio	8.0	1.66	7.97
5yr Avg ROCE	18.65 %	15.54 %	8.31 %
5yr Avg Operating Profit Margin	8.37 %	-0.96 %	12.58 %
5 yr average Debt to Equity	0.16	2.52	0.16
5yr CAGR Net Profit	-1.51 %	n/a	2.88 %
5yr Average Return on Assets	8.65 %	1.97 %	7.79 %
Shareholdings
Promoter Holding	51.13 %	74.7 %	51.16 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-9.68 %	0.88 %	0.0
Change in Mutual Fund Holding (3 Yrs)	2.36 %	0.0	0.13 %

	Vardhman Special	Mukand	Sunflag Iron & Steel
Product Wise Break-Up	Product Wise Break-Up Black bars 75.01 Bright Bars 23.18 Stainless Steel Products 0 Special Alloy Steel Products 0 0 Others 1.81	Product Wise Break-Up Bright Bars 0 Special Alloy Steel Products 37.09 Stainless Steel 52.47 Black bars 0 0 Others 10.44	Product Wise Break-Up Bright Bars 0 Special Alloy Steel Products 0 Stainless Steel Products 0 Black bars 0 Steel & Steel Products ( Rolled Products ) 100.0
Location Wise Break-Up	Location Wise Break-Up India 97.0 Rest of the World 3.0	Location Wise Break-Up Rest of the World 0 India 91.85 Others 8.15	Location Wise Break-Up Rest of the World 0 India 100.0
Verticals	Verticals 4 Wheeler 38.0 2 Wheeler 32.0 Commercial Vehicles 20.0 Engg & Off Highway 10.0 Bearings 0	-	-