ACC Ltd. benchmarking: Perfomance to industry peers

Financial

	ACC	Dalmia Bharat	JK Cement
Operational Metrics
Cement
Realization / Tonne - Cement	5519.18 Rs/MT	4952.17 Rs/MT	4847.0 Rs/MT
Manufacturing Capacity - Cement	40.4 MMTPA	49.5 MMTPA	n/a
Capacity Utilization - Cement	75.54 %	60.0 %	69.0 %
EBITDA / Tonne - Cement	541.31 Rs/MT	1013.0 Rs/MT	1277.0 Rs/MT
Quarterly Sales Volume - Cement	10.0 Million tonnes	6.9 Million tonnes	4.43 Million tonnes
Realization / Tonne - Ready Mix Concrete	5040.22 Rs/Cubic Metre	n/a	n/a
Financials
5 yr Average ROE	11.56 %	5.96 %	14.56 %
5yr average Equity Multiplier	1.43	1.66	2.74
5yr Average Asset Turnover Ratio	0.86	0.49	0.71
5yr Avg Net Profit Margin	9.72 %	7.39 %	7.56 %
Price to Book	1.68	2.11	6.68
P/E	10.01	33.11	41.85
5yr Avg Cash Conversion Cycle	-35.62 Days	-178.63 Days	-130.9 Days
Inventory Days	24.51 Days	26.43 Days	35.04 Days
Days Receivable	14.35 Days	18.0 Days	17.53 Days
Days Payable	145.09 Days	198.68 Days	179.28 Days
5yr Average Interest Coverage Ratio	28.62	5.09	4.08
5yr Avg ROCE	14.53 %	6.77 %	13.53 %
5yr Avg Operating Profit Margin	14.73 %	20.11 %	18.05 %
5 yr average Debt to Equity	0.0	0.26	0.96
5yr CAGR Net Profit	10.93 %	-10.22 %	3.94 %
5yr Average Return on Assets	8.09 %	3.59 %	5.34 %
Shareholdings
Promoter Holding	56.69 %	55.84 %	45.66 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.01 %	-0.03 %	-0.18 %
Change in Mutual Fund Holding (3 Yrs)	0.68 %	6.91 %	-0.8 %

	ACC	Dalmia Bharat	JK Cement
Segment Break-Up	Segment Break-Up Cement 92.41 Ready Mix Concrete 7.59	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 91.31 Rest of the World 0 Others 8.69
Distribution Channel	Distribution Channel Retail 79.0 Wholesale/B2B 21.0	-	-
Operating Profit Break-Up	Operating Profit Break-Up Cement 94.41 Ready Mix Concrete 5.59	-	-
Capex	Capex Cement 94.69 Ready Mix Concrete 5.31	-	-
Raw Material Break-Up	Raw Material Break-Up Fly Ash 21.13 Slag 16.91 Gypsum 12.98 Aggregates 10.59 Cement for RMC 7.07 Others 31.32	-	-
Asset Break-Up	Asset Break-Up Cement 88.71 Ready Mix Concrete 3.25 Rest of the World 0 India 0 Others 8.04	Asset Break-Up Cement 0 India 100.0 Ready Mix Concrete 0 Rest of the World 0	Asset Break-Up Cement 0 India 100.0 Ready Mix Concrete 0 Rest of the World 0