Dalmia Bharat Ltd.

Financial

	Dalmia Bharat	JK Cement	ACC
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4747.76 Rs/MT	4757.0 Rs/MT	4837.38 Rs/MT
Manufacturing Capacity - Cement	46.6 MMTPA	n/a	38.6 MMTPA
Capacity Utilization - Cement	60.0 %	73.0 %	75.54 %
EBITDA / Tonne - Cement	765.0 Rs/MT	656.0 Rs/MT	1032.0 Rs/MT
Quarterly Sales Volume - Cement	6.7 Million tonnes	4.35 Million tonnes	10.7 Million tonnes
Financials
5 yr Average ROE	5.6 %	14.98 %	11.36 %
5yr average Equity Multiplier	1.71	2.76	1.45
5yr Average Asset Turnover Ratio	0.49	0.71	0.87
5yr Avg Net Profit Margin	6.88 %	7.81 %	9.28 %
Price to Book	1.98	6.82	0.0
P/E	61.75	52.33	14.64
5yr Avg Cash Conversion Cycle	-122.28 Days	-130.65 Days	-69.44 Days
Inventory Days	27.75 Days	37.2 Days	24.89 Days
Days Receivable	16.31 Days	14.3 Days	13.94 Days
Days Payable	189.58 Days	183.08 Days	176.76 Days
5yr Average Interest Coverage Ratio	4.85	4.07	27.61
5yr Avg ROCE	6.7 %	14.03 %	14.77 %
5yr Avg Operating Profit Margin	20.97 %	18.82 %	15.0 %
5 yr average Debt to Equity	0.31	0.99	0.0
5yr CAGR Net Profit	29.82 %	9.94 %	11.15 %
5yr Average Return on Assets	3.35 %	5.46 %	7.81 %
Shareholdings
Promoter Holding	55.84 %	45.68 %	56.69 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.13 %	-5.82 %	2.16 %
Change in Mutual Fund Holding (3 Yrs)	3.03 %	3.34 %	6.36 %

Business

	Dalmia Bharat	JK Cement	ACC
Product Wise Break-Up	Product Wise Break-Up Portland pozzolamd Cement 55.0 Portland Composite Cement 18.0 Portland Slang Cement 14.0 OPC 13.0 Special Catogory Cement 0 Traded goods 0 Refractories 0 Cement and its related products 0 White Cement and allied products 0 Grey Cement 0 Ready Mix Concrete 0 Cement 0	Product Wise Break-Up Cement 0 Portland Slang Cement 0 White Cement 19.0 Traded goods 0 Refractories 0 Ready Mix Concrete 0 OPC 0 Special Catogory Cement 0 Portland Composite Cement 0 Grey Cement 81.0 Portland pozzolamd Cement 0 Cement and its related products 0	Product Wise Break-Up Cement 94.22 Portland Slang Cement 0 White Cement and allied products 0 Traded goods 0 Refractories 0 Ready Mix Concrete 5.78 OPC 0 Special Catogory Cement 0 Portland Composite Cement 0 Grey Cement 0 Portland pozzolamd Cement 0 Cement and its related products 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 94.84 Rest of the World 0 Others 5.16	Location Wise Break-Up India 100.0 Rest of the World 0
Asset Break-Up	Asset Break-Up India 100.0 Rest of the World 0 Ready Mix Concrete 0 Cement 0	Asset Break-Up India 100.0 Ready Mix Concrete 0 Rest of the World 0 Cement 0	Asset Break-Up India 0 Ready Mix Concrete 2.68 Rest of the World 0 Cement 82.21 Others 15.11
Segment Wise Break-Up	Segment Wise Break-Up Cement 100.0 Refractory Products 0 Distillery 0 Power 0	-	-