ACC Ltd. benchmarking: Performance to industry peers

Financial

	ACC	The Ramco Cements	Dalmia Bharat
Operational Metrics
Cement
Realization / Tonne - Cement	6005.04 Rs/MT	4783.3 Rs/MT	4823.86 Rs/MT
Manufacturing Capacity - Cement	40.4 MMTPA	24.0 MMTPA	49.5 MMTPA
Capacity Utilization - Cement	80.0 %	73.0 %	60.0 %
EBITDA / Tonne - Cement	526.89 Rs/MT	1097.07 Rs/MT	1023.0 Rs/MT
Quarterly Sales Volume - Cement	11.9 Million tonnes	4.43 Million tonnes	8.8 Million tonnes
Realization / Tonne - Ready Mix Concrete	5033.51 Rs/Cubic Metre	n/a	n/a
Financials
5 yr Average ROE	11.39 %	8.04 %	5.4 %
5yr average Equity Multiplier	1.41	2.13	1.69
5yr Average Asset Turnover Ratio	0.9	0.51	0.49
5yr Avg Net Profit Margin	9.28 %	8.08 %	6.61 %
Price to Book	1.22	2.68	1.79
P/E	11.76	31.08	28.31
5yr Avg Cash Conversion Cycle	-9.75 Days	-152.71 Days	-177.99 Days
Inventory Days	25.18 Days	27.88 Days	26.03 Days
Days Receivable	33.44 Days	23.06 Days	17.46 Days
Days Payable	116.97 Days	172.22 Days	202.03 Days
5yr Average Interest Coverage Ratio	26.49	5.81	4.84
5yr Avg ROCE	13.7 %	8.26 %	6.18 %
5yr Avg Operating Profit Margin	13.56 %	19.33 %	18.81 %
5 yr average Debt to Equity	0.0	0.62	0.28
5yr CAGR Net Profit	2.78 %	-19.03 %	6.9 %
5yr Average Return on Assets	8.07 %	3.85 %	3.21 %
Shareholdings
Promoter Holding	56.69 %	42.56 %	55.84 %
Share Pledged by Promoters	0.0	3.43 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.26 %	-0.02 %
Change in Mutual Fund Holding (3 Yrs)	-0.89 %	2.54 %	10.03 %

	ACC	The Ramco Cements	Dalmia Bharat
Segment Break-Up	Segment Break-Up Cement 92.06 Ready Mix Concrete 7.94	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 99.6 Rest of the World 0.4	Location Wise Break-Up India 100.0 Rest of the World 0
Distribution Channel	Distribution Channel Retail 79.0 Wholesale/B2B 21.0	-	-
Operating Profit Break-Up	Operating Profit Break-Up Cement 83.02 Ready Mix Concrete 16.98	-	-
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 Other Additives 0 Clinker 0 Pozzolona Material 0 0 Lime stone 0 Others 31.32	Raw Material Break-Up Pozzolona Material 38.4 Fly Ash 0 Slag 0 Clinker 0 Aggregates 0 Freight 22.1 Limestone 29.17 Gypsum 8.67 Other Additives 0 Cement for RMC 0 Others 1.66	-
Asset Break-Up	Asset Break-Up Cement 91.49 Ready Mix Concrete 4.44 Rest of the World 0 India 0 Others 4.07	-	Asset Break-Up India 100.0 Ready Mix Concrete 0 Cement 0 Rest of the World 0