Welspun Corp Ltd. benchmarking: Performance to industry peers

Financial

	Welspun Corp	APL Apollo Tubes	Ratnamani Metal&Tube
Operational Metrics
Steel
Manufacturing Capacity - Steel Pipes	2300000.0 MTPA	n/a	510000.0 MTPA
Capacity Utilization - Steel Pipes	44.08 %	n/a	n/a
EBITDA/Tonne - Steel	20517.7 Rs/Tonne	5525.0 Rs/Tonne	n/a
Quarterly Sales Volume - Steel Pipes	262700.0 Tonnes	925000.0 Tonnes	n/a
Infrastructure
Order Book as a % of Sales	146.94 %	n/a	n/a
Financials
5 yr Average ROE	15.45 %	21.21 %	16.53 %
5yr average Equity Multiplier	2.37	2.09	1.34
5yr Average Asset Turnover Ratio	0.9	2.46	1.09
5yr Avg Net Profit Margin	7.71 %	4.13 %	11.3 %
Price to Book	4.63	9.62	4.6
P/E	26.28	93.13	43.54
5yr Avg Cash Conversion Cycle	65.59 Days	-12.78 Days	132.97 Days
Inventory Days	90.67 Days	27.32 Days	98.26 Days
Days Receivable	37.88 Days	3.35 Days	77.18 Days
Days Payable	47.05 Days	37.78 Days	47.57 Days
5yr Average Interest Coverage Ratio	6.94	12.14	20.27
5yr Avg ROCE	14.34 %	24.0 %	21.34 %
5yr Avg Operating Profit Margin	9.14 %	6.79 %	16.81 %
5 yr average Debt to Equity	0.37	0.26	0.07
5yr CAGR Net Profit	29.74 %	16.03 %	14.53 %
5yr Average Return on Assets	7.07 %	10.16 %	12.3 %
Shareholdings
Promoter Holding	49.73 %	28.25 %	59.77 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.26 %	-2.9 %	-0.29 %
Change in Mutual Fund Holding (3 Yrs)	6.77 %	4.17 %	3.06 %

	Welspun Corp	APL Apollo Tubes	Ratnamani Metal&Tube
Product Wise Break-Up	Product Wise Break-Up HSAW 75.82 LSAW Pipe 15.94 ERW Pipe 8.24 Galvanized tubes 0 Pre-galvanized tubes (GP) 0 Black round pipes 0 Hollow sections 0 Bearing Rings 0 Wind mills 0 Steel tubes and pipes 0	Product Wise Break-Up Wind mills 0 Steel tubes and pipes 0 ERW Pipe 0 LSAW Pipe 0 HSAW 0 Black round pipes 0 Hollow sections 69.0 Bearing Rings 0 Galvanized tubes 0 Pre-galvanized tubes (GP) 27.0 Others 4.0	Product Wise Break-Up Wind mills 0 Steel Pipes & Tubes 83.66 ERW Pipe 0 LSAW Pipe 0 HSAW 0 Black round pipes 0 Hollow sections 0 Bearing Rings 9.71 Galvanized tubes 0 Pre-galvanized tubes (GP) 0 Others 6.63
Location Wise Break-Up	Location Wise Break-Up India 66.82 Rest of the World 33.18	Location Wise Break-Up Rest of the World 0 India 97.0 Others 3.0	Location Wise Break-Up Rest of the World 36.12 India 63.88
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	-	-