Welspun Corp Ltd.

Financial

	Welspun Corp	Ratnamani Metals	Jindal Saw
Operational Metrics
Steel Sector
Manufacturing Capacity - Steel Pipes	2300000.0 MTPA	510000.0 MTPA	425000.0 MTPA
Capacity Utilization - Steel Pipes	44.08 %	n/a	57.41 %
EBITDA/Tonne - Steel	19960.24 Rs/Tonne	n/a	n/a
Quarterly Sales Volume - Steel Pipes	251500.0 Tonnes	n/a	192950.0 Tonnes
Infrastructure
Order Book as a % of Sales	123.22 %	n/a	n/a
Financials
5 yr Average ROE	14.52 %	17.13 %	10.03 %
5yr average Equity Multiplier	2.39	1.37	2.12
5yr Average Asset Turnover Ratio	0.98	1.08	0.9
5yr Avg Net Profit Margin	6.48 %	11.58 %	5.21 %
Price to Book	3.12	5.42	1.32
P/E	12.21	36.21	8.65
5yr Avg Cash Conversion Cycle	80.02 Days	121.44 Days	96.44 Days
Inventory Days	88.62 Days	98.45 Days	86.44 Days
Days Receivable	30.86 Days	69.09 Days	61.62 Days
Days Payable	38.87 Days	50.72 Days	73.91 Days
5yr Average Interest Coverage Ratio	7.61	20.2	3.08
5yr Avg ROCE	15.63 %	21.81 %	16.27 %
5yr Avg Operating Profit Margin	8.66 %	16.93 %	12.29 %
5 yr average Debt to Equity	0.41	0.09	0.62
5yr CAGR Net Profit	11.81 %	15.16 %	40.38 %
5yr Average Return on Assets	6.56 %	12.5 %	4.93 %
Shareholdings
Promoter Holding	50.01 %	59.77 %	63.28 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.39 %	0.26 %
Change in Mutual Fund Holding (3 Yrs)	4.96 %	2.74 %	3.76 %

Business

	Welspun Corp	Ratnamani Metals	Jindal Saw
Product Wise Break-Up	Product Wise Break-Up HSAW 75.82 LSAW Pipe 15.94 ERW Pipe 8.24 Bearing Rings 0 Wind mills 0 Steel tubes and pipes 0 Waterways Logistics 0 Iron and steel products 0	Product Wise Break-Up Bearing Rings 4.79 Iron and steel products 0 ERW Pipe 0 LSAW Pipe 0 HSAW 0 Wind mills 0 Waterways Logistics 0 Steel Pipes & Tubes 92.56 Others 2.65	Product Wise Break-Up Bearing Rings 0 Iron & Steel 100.0 ERW Pipe 0 LSAW Pipe 0 HSAW 0 Wind mills 0 Waterways Logistics 0 Steel tubes and pipes 0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 50.61 India 49.39	Location Wise Break-Up India 75.45 Rest of the World 24.55	Location Wise Break-Up India 68.16 Rest of the World 31.84
Plant Wise Break-Up	Plant Wise Break-Up India 57.18 Saudi Arabia 34.18 USA 8.64	-	-
Order Book Break-Up - Location Wise	Order Book Break-Up - Location Wise USA 40.22 India 36.43 Saudi Arabia 23.35	-	-
Order Book Break-Up - Segment Wise	Order Book Break-Up - Segment Wise HSAW 76.54 LSAW 18.92 ERW Pipe 4.54	-	-