Ambuja Cements Ltd.

Financial

	Ambuja Cement	Grasim Industries	Ultratech Cement
Operational Metrics
Cement Sector
Realization / Tonne - Cement	5031.58 Rs/MT	n/a	5289.19 Rs/MT
Manufacturing Capacity - Cement	31.4 MMTPA	n/a	140.8 MMTPA
Capacity Utilization - Cement	100.0 %	n/a	98.0 %
EBITDA / Tonne - Cement	837.0 Rs/MT	n/a	1191.0 Rs/MT
Quarterly Sales Volume - Cement	9.5 Million tonnes	n/a	35.08 Million tonnes
Financials
5 yr Average ROE	9.59 %	7.18 %	11.62 %
5yr average Equity Multiplier	1.7	4.13	1.92
5yr Average Asset Turnover Ratio	0.68	0.32	0.58
5yr Avg Net Profit Margin	8.39 %	5.47 %	10.7 %
Price to Book	3.91	2.01	4.69
P/E	45.32	29.68	40.3
5yr Avg Cash Conversion Cycle	-172.7 Days	-134.64 Days	-196.69 Days
Inventory Days	27.75 Days	29.16 Days	32.41 Days
Days Receivable	7.35 Days	16.35 Days	17.71 Days
Days Payable	277.34 Days	167.55 Days	203.08 Days
5yr Average Interest Coverage Ratio	25.6	2.71	6.53
5yr Avg ROCE	12.92 %	7.36 %	12.31 %
5yr Avg Operating Profit Margin	19.18 %	23.25 %	22.02 %
5 yr average Debt to Equity	0.0	1.27	0.44
5yr CAGR Net Profit	3.48 %	32.17 %	16.07 %
5yr Average Return on Assets	5.63 %	1.75 %	6.21 %
Shareholdings
Promoter Holding	66.74 %	43.06 %	59.96 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	3.45 %	1.23 %	0.0
Change in Mutual Fund Holding (3 Yrs)	1.17 %	0.58 %	3.2 %

Business

	Ambuja Cement	Grasim Industries	Ultratech Cement
Product Wise Break-Up	Product Wise Break-Up Cement 100.0 Financial services 0 0 0 Viscose (VSF) 0 Grey Cement 0 White Cement 0 0	Product Wise Break-Up Financial Services 27.21 Cement 0 White Cement 0 Cement ( Grey Cement, White Cement and Allied Products ) 51.84 Grey Cement 0 0 Chemicals 6.18 Viscose (VSF) 11.5 Others 3.27	Product Wise Break-Up Financial services 0 Cement 0 White Cement 3.55 0 Grey Cement 88.71 0 0 Viscose (VSF) 0 Others 7.74
Location Wise Break-Up	Location Wise Break-Up Domestic 100.0 India 0 Rest of the World 0 South India 0 West India 0 East India 0 Central India 0 North India 0	Location Wise Break-Up East India 0 Central India 0 North India 0 South India 0 Rest of the World 4.63 West India 0 India 95.37 Domestic 0	Location Wise Break-Up East India 17.0 Central India 19.0 North India 23.0 South India 19.0 Rest of the World 0 West India 22.0 India 0 Domestic 0
Raw Material Break-Up	Raw Material Break-Up Fly ash 30.7 Gypsum 17.71 Slag 11.26 Others 40.33	-	-
Fuel Break-up	Fuel Break-up Pet coke 62.0 Coal 22.0 Coal 11.0 AFR 5.0	-	-