Dalmia Bharat Ltd.

Financial

	Dalmia Bharat	JK Cement	ACC
Operational Metrics
Cement Sector
Realization / Tonne - Cement	5194.29 Rs/MT	4938.0 Rs/MT	4969.52 Rs/MT
Manufacturing Capacity - Cement	49.5 MMTPA	n/a	38.6 MMTPA
Capacity Utilization - Cement	60.0 %	83.0 %	75.54 %
EBITDA / Tonne - Cement	1261.0 Rs/MT	1277.0 Rs/MT	443.79 Rs/MT
Quarterly Sales Volume - Cement	7.0 Million tonnes	4.98 Million tonnes	11.5 Million tonnes
Financials
5 yr Average ROE	5.96 %	14.56 %	11.56 %
5yr average Equity Multiplier	1.66	2.74	1.43
5yr Average Asset Turnover Ratio	0.49	0.71	0.86
5yr Avg Net Profit Margin	7.39 %	7.56 %	9.72 %
Price to Book	2.41	8.0	1.85
P/E	44.78	48.71	14.21
5yr Avg Cash Conversion Cycle	-178.63 Days	-130.9 Days	-35.62 Days
Inventory Days	26.43 Days	35.04 Days	24.51 Days
Days Receivable	18.0 Days	17.53 Days	14.35 Days
Days Payable	198.68 Days	179.28 Days	145.09 Days
5yr Average Interest Coverage Ratio	5.09	4.08	28.62
5yr Avg ROCE	6.77 %	13.53 %	14.53 %
5yr Avg Operating Profit Margin	20.11 %	18.05 %	14.73 %
5 yr average Debt to Equity	0.26	0.96	0.0
5yr CAGR Net Profit	-10.22 %	3.94 %	10.93 %
5yr Average Return on Assets	3.59 %	5.34 %	8.09 %
Shareholdings
Promoter Holding	55.84 %	45.66 %	56.69 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.06 %	-0.18 %	2.16 %
Change in Mutual Fund Holding (3 Yrs)	4.91 %	1.03 %	2.69 %

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	Product Wise Break-Up OPC 0 Portland Slang Cement 0 Portland pozzolamd Cement 0 Special Catogory Cement 0 Refractories 0 Portland Composite Cement 0 Cement and its related products 0 Traded goods 0 White Cement 19.0 Grey Cement 81.0	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 India 91.31 Others 8.69	Location Wise Break-Up Rest of the World 0 India 100.0
Asset Break-Up	Asset Break-Up India 100.0 Rest of the World 0 Ready Mix Concrete 0 Cement 0	Asset Break-Up Ready Mix Concrete 0 Rest of the World 0 India 100.0 Cement 0	Asset Break-Up Ready Mix Concrete 3.1 Rest of the World 0 India 0 Cement 88.12 Others 8.78
Segment Wise Break-Up	Segment Wise Break-Up Cement 100.0 Refractory Products 0 Distillery 0 Power 0	-	-