Ambuja Cements Ltd. benchmarking: Performance to industry peers

Financial

	Ambuja Cement	Shree Cement	JK Cement
Operational Metrics
Cement
Realization / Tonne - Cement	5283.33 Rs/MT	6408.61 Rs/MT	4724.0 Rs/MT
Manufacturing Capacity - Cement	38.9 MMTPA	69.3 MMTPA	n/a
Capacity Utilization - Cement	74.0 %	77.0 %	83.0 %
EBITDA / Tonne - Cement	491.0 Rs/MT	1310.61 Rs/MT	935.0 Rs/MT
Quarterly Sales Volume - Cement	13.2 Million tonnes	10.56 Million tonnes	5.32 Million tonnes
Financials
5 yr Average ROE	9.19 %	10.36 %	14.56 %
5yr average Equity Multiplier	1.65	1.33	2.74
5yr Average Asset Turnover Ratio	0.59	0.69	0.71
5yr Avg Net Profit Margin	9.71 %	11.42 %	7.56 %
Price to Book	1.84	3.88	6.47
P/E	23.04	51.72	41.11
5yr Avg Cash Conversion Cycle	-111.73 Days	-157.59 Days	-130.9 Days
Inventory Days	28.68 Days	58.08 Days	35.04 Days
Days Receivable	12.76 Days	25.44 Days	17.53 Days
Days Payable	228.72 Days	267.23 Days	179.28 Days
5yr Average Interest Coverage Ratio	27.37	10.77	4.08
5yr Avg ROCE	12.18 %	13.66 %	13.53 %
5yr Avg Operating Profit Margin	18.26 %	22.73 %	18.05 %
5 yr average Debt to Equity	0.0	0.1	0.96
5yr CAGR Net Profit	11.99 %	-13.25 %	3.94 %
5yr Average Return on Assets	5.55 %	7.79 %	5.34 %
Shareholdings
Promoter Holding	67.68 %	62.55 %	45.66 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	4.46 %	0.0	-0.17 %
Change in Mutual Fund Holding (3 Yrs)	3.12 %	4.37 %	0.61 %

	Ambuja Cement	Shree Cement	JK Cement
Product Wise Break-Up	Product Wise Break-Up Cement 94.71 Ready Mix Concrete 5.29 Power sales 0 Clinker 0 White Cement and allied products 0 Grey Cement 0	Product Wise Break-Up Cement 100.0 Grey Cement 0 Power sales 0 Clinker 0 White Cement and allied products 0 Ready Mix Concrete 0	Product Wise Break-Up Cement 0 Grey Cement 74.82 Power sales 0 Clinker 0 White Cement 25.18 Ready Mix Concrete 0
Location Wise Break-Up	Location Wise Break-Up Domestic 100.0 Rest of the World 0 India 0	Location Wise Break-Up Domestic 0 India 92.61 Rest of the World 7.39	Location Wise Break-Up Domestic 0 India 91.31 Rest of the World 0 Others 8.69
Operating Profit Break-Up	Operating Profit Break-Up Cement 91.34 Ready Mix Concrete 8.66	-	-
Raw Material Break-Up	Raw Material Break-Up Fly ash 30.7 Gypsum 17.71 Slag 11.26 Sulphuric Acid 0 Red Ochre and Slag 0 Fly Ash 0 Others 40.33	Raw Material Break-Up Gypsum 12.62 Fly ash 0 Red Ochre and Slag 9.16 Fly ash 32.04 Slag 0 sulphuric acid 4.44 Others 41.74	-
Fuel Break-up	Fuel Break-up Pet coke 62.0 Coal 22.0 Coal 11.0 AFR 5.0	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Cement 92.33 Ready Mix Concrete 2.64 Others 5.03	-	-