Birla Corporation Ltd.

Financial

	Birla Corporation	Star Cement	India Cements
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4781.0 Rs/MT	6783.02 Rs/MT	4172.06 Rs/MT
Manufacturing Capacity - Cement	20.0 MMTPA	7.7 MMTPA	15.55 MMTPA
Capacity Utilization - Cement	91.9 %	76.91 %	59.0 %
EBITDA / Tonne - Cement	569.0 Rs/MT	1007.0 Rs/MT	-669.57 Rs/MT
Quarterly Sales Volume - Cement	4.5 Million tonnes	1.06 Million tonnes	2.3 Million tonnes
Financials
5 yr Average ROE	7.11 %	11.38 %	-0.09 %
5yr average Equity Multiplier	2.34	1.17	2.0
5yr Average Asset Turnover Ratio	0.59	0.86	0.44
5yr Avg Net Profit Margin	5.35 %	11.35 %	0.09 %
Price to Book	1.21	3.27	0.88
P/E	36.13	67.21	0.0
5yr Avg Cash Conversion Cycle	-158.33 Days	-141.31 Days	-205.75 Days
Inventory Days	37.51 Days	40.94 Days	55.06 Days
Days Receivable	12.83 Days	14.46 Days	54.4 Days
Days Payable	230.96 Days	151.11 Days	347.54 Days
5yr Average Interest Coverage Ratio	2.62	31.79	0.8
5yr Avg ROCE	7.7 %	15.87 %	1.93 %
5yr Avg Operating Profit Margin	15.53 %	18.54 %	7.66 %
5 yr average Debt to Equity	0.72	0.02	0.54
5yr CAGR Net Profit	-3.6 %	0.66 %	n/a
5yr Average Return on Assets	3.02 %	9.76 %	-0.06 %
Shareholdings
Promoter Holding	62.9 %	57.66 %	81.49 %
Share Pledged by Promoters	0.0	1.33 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-9.67 %	53.07 %
Change in Mutual Fund Holding (3 Yrs)	0.1 %	-0.74 %	-3.1 %

Business

	Birla Corporation	Star Cement	India Cements
Product Wise Break-Up	Product Wise Break-Up Cement 95.46 Jute 4.48 Ordinary Portland Cement (OPC) 0 Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 Power 0 Electricity 0 Ready Mix Concrete 0 White Cement 0 Clinker 0 Others 0.06	Product Wise Break-Up Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 White Cement 0 Power 0 Clinker 0 Electricity 0 Cement 100.0 Ordinary Portland Cement (OPC) 0 Jute 0 Ready Mix Concrete 0	Product Wise Break-Up Portland Slag Cement (PSC) 0 Portland Pozzolana Cement (PPC) 0 White Cement 0 Power 0 Clinker 0.23 Electricity 1.58 Cement 93.35 Ordinary Portland Cement (OPC) 0 Jute 0 Ready Mix Concrete 2.17 Others 2.67
Location Wise Break-Up	Location Wise Break-Up India 99.42 Rest of the World 0.58 Bhutan 0 Nepal 0	Location Wise Break-Up Rest of the World 0 India 100.0 Nepal 0 Bhutan 0	Location Wise Break-Up Rest of the World 0 India 100.0 Nepal 0 Bhutan 0
Operating Profit Break-Up	Operating Profit Break-Up CEMENT 100.0 JUTE 0 Power 0 Cement 0	Operating Profit Break-Up CEMENT 0 JUTE 0 Power 1.04 Cement 98.96	-
Asset Break-Up	Asset Break-Up CEMENT 78.12 JUTE 7.68 Power 0 Cement 0 Others 14.2	Asset Break-Up CEMENT 0 JUTE 0 Power 5.47 Cement 84.45 Others 10.08	-