Kalyani Steels Ltd. benchmarking: Performance to industry peers

Financial

	Kalyani Steels	Welspun Special.Soln	Vardhman Spl. Steel
Operational Metrics
Oil Refining
Realization/Tonne - Coke	32405.76 Rs/MT	n/a	n/a
Steel
Realization/Tonne - Pig Iron	38249.41 Rs/MT	n/a	n/a
Realization/Tonne - Blooms & Rounds	83262.75 Rs/MT	n/a	n/a
Realization/Tonne - Rolled Products	74731.9 Rs/MT	n/a	n/a
Financials
5 yr Average ROE	15.38 %	14.42 %	13.35 %
5yr average Equity Multiplier	1.49	6.83	1.54
5yr Average Asset Turnover Ratio	0.77	0.94	1.57
5yr Avg Net Profit Margin	13.47 %	-2.44 %	5.53 %
Price to Book	1.7	8.46	3.42
P/E	13.85	170.31	29.33
5yr Avg Cash Conversion Cycle	82.22 Days	43.72 Days	72.25 Days
Inventory Days	43.45 Days	135.69 Days	73.09 Days
Days Receivable	78.46 Days	54.91 Days	53.93 Days
Days Payable	65.97 Days	87.59 Days	56.88 Days
5yr Average Interest Coverage Ratio	22.83	0.89	8.0
5yr Avg ROCE	19.82 %	11.03 %	18.65 %
5yr Avg Operating Profit Margin	19.18 %	2.06 %	8.37 %
5 yr average Debt to Equity	0.2	3.28	0.16
5yr CAGR Net Profit	13.41 %	n/a	-1.51 %
5yr Average Return on Assets	10.28 %	0.36 %	8.65 %
Shareholdings
Promoter Holding	64.7 %	55.17 %	51.06 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	-9.65 %
Change in Mutual Fund Holding (3 Yrs)	2.45 %	0.0	2.27 %

	Kalyani Steels	Welspun Special.Soln	Vardhman Spl. Steel
Product Wise Break-Up	Product Wise Break-Up Rolled Products 89.12 Blooms 7.17 Coke 3.21 Pig Iron 0.5 Steel 0 Bright bars 0 Black bars 0	Product Wise Break-Up Pig Iron 0 Bright bars 0 Rolled Products 0 Steel 100.0 Coke 0 Blooms 0 Black bars 0	Product Wise Break-Up Pig Iron 0 Bright Bars 23.18 Rolled Products 0 Steel 0 Coke 0 Blooms 0 Black bars 75.01 Others 1.81
Location Wise Break-Up	Location Wise Break-Up India 99.3 Rest of the World 0.7	Location Wise Break-Up India 63.85 Rest of the World 0 Others 36.15	Location Wise Break-Up India 92.0 Rest of the World 8.0
Raw Material Break-Up	Raw Material Break-Up Coke and Coal 52.58 Iron Ore 25.0 Ferro Alloys 19.52 Others 2.9	-	-
Customer Wise Break-Up	Customer Wise Break-Up Kalyani Technolgies 50.14 Bharat Forge 49.86	-	-