Birla Corporation Ltd. benchmarking: Performance to industry peers

Financial

	Birla Corporation	JK Lakshmi Cement	Star Cement
Operational Metrics
Cement
Realization / Tonne - Cement	4754.0 Rs/MT	4841.0 Rs/MT	6913.9 Rs/MT
Manufacturing Capacity - Cement	20.0 MMTPA	18.0 MMTPA	7.7 MMTPA
Capacity Utilization - Cement	87.0 %	81.0 %	61.24 %
EBITDA / Tonne - Cement	702.0 Rs/MT	625.0 Rs/MT	1653.88 Rs/MT
Quarterly Sales Volume - Cement	4.23 Million tonnes	3.3 Million tonnes	1.17 Million tonnes
Financials
5 yr Average ROE	5.85 %	14.66 %	9.48 %
5yr average Equity Multiplier	2.24	2.38	1.21
5yr Average Asset Turnover Ratio	0.6	0.88	0.85
5yr Avg Net Profit Margin	4.53 %	6.87 %	9.32 %
Price to Book	1.08	2.22	2.91
P/E	14.27	17.48	23.76
5yr Avg Cash Conversion Cycle	-181.15 Days	-94.94 Days	-102.49 Days
Inventory Days	36.73 Days	39.36 Days	39.24 Days
Days Receivable	13.55 Days	4.1 Days	18.12 Days
Days Payable	231.18 Days	147.49 Days	163.15 Days
5yr Average Interest Coverage Ratio	2.5	4.67	26.34
5yr Avg ROCE	6.85 %	15.68 %	13.96 %
5yr Avg Operating Profit Margin	14.31 %	15.97 %	17.92 %
5 yr average Debt to Equity	0.64	0.7	0.04
5yr CAGR Net Profit	-14.07 %	-7.34 %	-2.02 %
5yr Average Return on Assets	2.61 %	6.14 %	7.94 %
Shareholdings
Promoter Holding	62.9 %	45.12 %	58.12 %
Share Pledged by Promoters	0.0	0.0	1.33 %
Change in Promoter Holding (3 Yrs)	0.0	-1.19 %	-9.0 %
Change in Mutual Fund Holding (3 Yrs)	0.37 %	-4.67 %	-3.38 %

	Birla Corporation	JK Lakshmi Cement	Star Cement
Product Wise Break-Up	Product Wise Break-Up Cement 93.86 Jute 6.14 Ordinary Portland Cement (OPC) 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 Power 0	Product Wise Break-Up Portland Slag Cement (PSC) 0 Cement 100.0 Jute 0 Ordinary Portland Cement (OPC) 0 Power 0 Portland Pozzolana Cement (PPC) 0	Product Wise Break-Up Portland Slag Cement (PSC) 0 Cement 0 Jute 0 Ordinary Portland Cement (OPC) 15.0 Power 0 Portland Pozzolana Cement (PPC) 85.0
Location Wise Break-Up	Location Wise Break-Up India 99.42 Rest of the World 0.58 Rest Of India 0 North & West India 0 North India 0 Rajasthan 0 Gujarat/MP 0 Bhutan 0 Nepal 0	Location Wise Break-Up Nepal 0 Rest of the World 0 India 0 North India 23.0 Rest Of India 0 North & West India 0 Gujarat & MP 37.0 Bhutan 0 Rajasthan 40.0	Location Wise Break-Up Nepal 0 Rest of the World 0 India 99.83 North India 0 Rest Of India 0 North & West India 0 Gujarat/MP 0 Bhutan 0 Rajasthan 0 Others 0.17
Operating Profit Break-Up	Operating Profit Break-Up CEMENT 100.0 JUTE 0 Power 0 Cement 0	-	Operating Profit Break-Up Cement 98.96 JUTE 0 CEMENT 0 Power 1.04
Asset Break-Up	Asset Break-Up CEMENT 78.82 JUTE 7.95 Power 0 Cement 0 Others 13.23	-	Asset Break-Up Cement 84.45 JUTE 0 CEMENT 0 Power 5.47 Others 10.08