Ratnamani Metals & Tubes Ltd.

Financial

	Ratnamani Metals	Jindal Saw	Welspun Corp
Operational Metrics
Steel Tubes & Pipes
Manufacturing Capacity - Steel Pipes	510000.0 MTPA	425000.0 MTPA	2300000.0 MTPA
Financials
5 yr Average ROE	17.13 %	8.62 %	14.52 %
5yr average Equity Multiplier	1.37	2.21	2.39
5yr Average Asset Turnover Ratio	1.08	0.85	0.98
5yr Avg Net Profit Margin	11.58 %	4.49 %	6.48 %
Price to Book	5.66	1.58	3.35
P/E	35.25	8.85	13.69
5yr Avg Cash Conversion Cycle	121.44 Days	50.14 Days	80.02 Days
Inventory Days	98.45 Days	87.68 Days	88.62 Days
Days Receivable	69.09 Days	61.24 Days	30.86 Days
Days Payable	50.72 Days	85.88 Days	38.87 Days
5yr Average Interest Coverage Ratio	20.2	2.47	7.61
5yr Avg ROCE	21.81 %	14.56 %	15.63 %
5yr Avg Operating Profit Margin	16.93 %	11.61 %	8.66 %
5 yr average Debt to Equity	0.09	0.69	0.41
5yr CAGR Net Profit	15.16 %	24.76 %	11.81 %
5yr Average Return on Assets	12.5 %	3.98 %	6.56 %
Shareholdings
Promoter Holding	59.77 %	63.28 %	50.01 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.39 %	0.26 %	0.0
Change in Mutual Fund Holding (3 Yrs)	2.74 %	3.76 %	4.96 %

Business

	Ratnamani Metals	Jindal Saw	Welspun Corp
Product Wise Break-Up	Product Wise Break-Up Steel Pipes & Tubes 95.11 Bearing Rings 4.83 Wind mills 0 Waterways Logistics 0 Iron and steel products 0 LSAW Pipe 0 HSAW Pipe 0 ERW Pipe 0 Others 0.06	Product Wise Break-Up Steel Pipes & Tubes 0 ERW Pipe 0 LSAW Pipe 0 Bearing Rings 0 Wind mills 0 Waterways Logistics 0 HSAW Pipe 0 Iron & Steel 99.42 Others 0.58	Product Wise Break-Up Steel Pipes & Tubes 0 ERW Pipe 8.24 LSAW Pipe 15.94 Bearing Rings 0 Wind mills 0 Waterways Logistics 0 HSAW 75.82 Iron and steel products 0
Location Wise Break-Up	Location Wise Break-Up India 75.45 Rest of the World 24.55	Location Wise Break-Up Rest of the World 32.59 India 67.41	Location Wise Break-Up Rest of the World 50.61 India 49.39
Operating Profit Break-Up	Operating Profit Break-Up Waterways Logistics 0 Iron & Steel 0 Others 100	Operating Profit Break-Up Steel 100.0 Waterways Logistics 0	-
Asset Break-Up	Asset Break-Up Others 100	Asset Break-Up Others 100	-