Shree Cement Ltd. benchmarking: Performance to industry peers

Financial

	Shree Cement	Ambuja Cement	JK Cement
Operational Metrics
Cement
Realization / Tonne - Cement	6408.61 Rs/MT	5283.33 Rs/MT	4724.0 Rs/MT
EBITDA / Tonne - Cement	1310.61 Rs/MT	491.0 Rs/MT	935.0 Rs/MT
Manufacturing Capacity - Cement	69.3 MMTPA	38.9 MMTPA	n/a
Capacity Utilization - Cement	77.0 %	74.0 %	83.0 %
Quarterly Sales Volume - Cement	10.56 Million tonnes	13.2 Million tonnes	5.32 Million tonnes
Financials
5 yr Average ROE	10.36 %	9.19 %	14.56 %
5yr average Equity Multiplier	1.33	1.65	2.74
5yr Average Asset Turnover Ratio	0.69	0.59	0.71
5yr Avg Net Profit Margin	11.42 %	9.71 %	7.56 %
Price to Book	3.85	1.68	6.4
P/E	51.44	21.08	40.66
5yr Avg Cash Conversion Cycle	-157.59 Days	-111.73 Days	-130.9 Days
Inventory Days	58.08 Days	28.68 Days	35.04 Days
Days Receivable	25.44 Days	12.76 Days	17.53 Days
Days Payable	267.23 Days	228.72 Days	179.28 Days
5yr Average Interest Coverage Ratio	10.77	27.37	4.08
5yr Avg ROCE	13.66 %	12.18 %	13.53 %
5yr Avg Operating Profit Margin	22.73 %	18.26 %	18.05 %
5 yr average Debt to Equity	0.1	0.0	0.96
5yr CAGR Net Profit	-13.25 %	11.99 %	3.94 %
5yr Average Return on Assets	7.79 %	5.55 %	5.34 %
Shareholdings
Promoter Holding	62.55 %	67.68 %	45.66 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	4.46 %	-0.17 %
Change in Mutual Fund Holding (3 Yrs)	4.37 %	3.12 %	0.61 %

	Shree Cement	Ambuja Cement	JK Cement
Product Wise Break-Up	Product Wise Break-Up Cement 100.0 Power sales 0 Clinker 0 Ready Mix Concrete 0 White Cement and allied products 0 Grey Cement 0	Product Wise Break-Up Cement 94.71 Grey Cement 0 Power sales 0 Clinker 0 White Cement and allied products 0 Ready Mix Concrete 5.29	Product Wise Break-Up Cement 0 Grey Cement 74.82 Power sales 0 Clinker 0 White Cement 25.18 Ready Mix Concrete 0
Location Wise Break-Up	Location Wise Break-Up India 92.61 Rest of the World 7.39 Domestic 0	Location Wise Break-Up Domestic 100.0 India 0 Rest of the World 0	Location Wise Break-Up Domestic 0 India 91.31 Rest of the World 0 Others 8.69
Raw Material Break-Up	Raw Material Break-Up Fly ash 32.04 Gypsum 12.62 Red Ochre and Slag 9.16 sulphuric acid 4.44 Slag 0 Fly ash 0 Others 41.74	Raw Material Break-Up sulphuric acid 0 Gypsum 17.71 Fly ash 30.7 Red Ochre and Slag 0 Slag 11.26 Others 40.33	-
Asset Break-Up	Asset Break-Up India 86.5 Others 13.5	-	Asset Break-Up India 100.0