The Ramco Cements Ltd.

Financial

	The Ramco Cements	Nuvoco Vistas Corpor	India Cements
Operational Metrics
Cement Sector
Realization / Tonne - Cement	4966.73 Rs/MT	5533.96 Rs/MT	5155.0 Rs/MT
EBITDA / Tonne - Cement	785.0 Rs/MT	939.62 Rs/MT	19.0 Rs/MT
Manufacturing Capacity - Cement	22.0 MMTPA	25.0 MMTPA	15.55 MMTPA
Capacity Utilization - Cement	96.0 %	78.85 %	69.0 %
Quarterly Sales Volume - Cement	5.41 Million tonnes	5.3 Million tonnes	2.67 Million tonnes
Unclassified
Capacity Utilization - Clinker	100.0 %	n/a	n/a
Financials
5 yr Average ROE	10.98 %	0.89 %	0.76 %
5yr average Equity Multiplier	2.02	2.46	2.05
5yr Average Asset Turnover Ratio	0.52	0.49	0.45
5yr Avg Net Profit Margin	10.89 %	0.69 %	1.01 %
Price to Book	2.75	1.43	1.58
P/E	55.34	87.42	0.0
5yr Avg Cash Conversion Cycle	-115.19 Days	-245.44 Days	-167.87 Days
Inventory Days	28.21 Days	30.82 Days	54.71 Days
Days Receivable	12.65 Days	17.97 Days	57.13 Days
Days Payable	144.78 Days	246.54 Days	349.26 Days
5yr Average Interest Coverage Ratio	10.3	0.97	1.05
5yr Avg ROCE	10.46 %	4.76 %	2.99 %
5yr Avg Operating Profit Margin	21.92 %	16.24 %	10.16 %
5 yr average Debt to Equity	0.55	0.79	0.57
5yr CAGR Net Profit	-9.24 %	n/a	n/a
5yr Average Return on Assets	5.48 %	0.36 %	0.38 %
Shareholdings
Promoter Holding	42.29 %	72.02 %	28.42 %
Share Pledged by Promoters	22.29 %	0.0	46.16 %
Change in Promoter Holding (3 Yrs)	-0.25 %	0.99 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-5.39 %	5.64 %	1.37 %

Business

	The Ramco Cements	Nuvoco Vistas Corpor	India Cements
Product Wise Break-Up	Product Wise Break-Up Cement 100.0 Windmills 0 Ready Mix Concrete 0 Dry Mortar Products 0 Clinker 0 Electricity 0 White Cement 0	-	Product Wise Break-Up Ready Mix Concrete 1.96 Clinker 1.06 White Cement 0 Electricity 2.03 Cement 92.86 Dry Mortar Products 0 Windmills 0 Others 2.09
Location Wise Break-Up	Location Wise Break-Up India 98.31 Rest of the World 1.69 East India 0 North India 0 Central India 0	Location Wise Break-Up Rest of the World 0 North India 20.0 East India 75.0 India 0 Central India 5.0	Location Wise Break-Up Rest of the World 0 North India 0 East India 0 India 100.0 Central India 0
Raw Material Break-Up	Raw Material Break-Up Limestone 34.58 Freight 24.24 Other Additives 15.03 Pozzolona Material 9.69 Gypsum 9.34 Aggregates 3.31 Clinker 2.19 Limestone 0 Others 1.62	-	Raw Material Break-Up Clinker 0 Limestone 31.65 Freight 0 Gypsum 14.45 Other Additives 0 Aggregates 0 Pozzolona Material 0 Others 53.9