Vraj Iron & Steel Ltd.

Financial

	Vraj Iron & Steel	Panchmahal Steel	Mangalam Worldwide
Operational Metrics
Steel Sector
Manufacturing Capacity- Steel Billets	57600.0 MTPA	150000.0 MTPA	66000.0 MTPA
Capacity Utilization - Steel Billets	79.41 %	18.61 %	66.26 %
Realization/Tonne - Steel Billets	n/a	n/a	n/a
Manufacuring Capacity - Sponge Iron	120000.0 MTPA	n/a	n/a
Capacity Utilization - Sponge Iron	95.29 %	n/a	n/a
Realization/Tonne - Sponge Iron	n/a	n/a	n/a
Capacity Utilization - TMT	62.71 %	n/a	n/a
Manufacturing Capacity - TMT	54000.0 MTPA	n/a	n/a
Realization/Tonne - TMT Bars	n/a	n/a	n/a
Financials
5 yr Average ROE	29.8 %	2.79 %	16.83 %
5yr average Equity Multiplier	1.75	2.15	2.61
5yr Average Asset Turnover Ratio	2.2	1.58	3.35
5yr Avg Net Profit Margin	8.71 %	0.86 %	2.27 %
Price to Book	1.27	3.13	2.16
P/E	13.92	0.0	16.45
5yr Avg Cash Conversion Cycle	27.28 Days	110.01 Days	84.31 Days
Inventory Days	26.68 Days	126.45 Days	40.07 Days
Days Receivable	10.62 Days	36.51 Days	45.82 Days
Days Payable	14.22 Days	99.76 Days	21.14 Days
5yr Average Interest Coverage Ratio	15.54	3.37	4.33
5yr Avg ROCE	34.52 %	14.41 %	26.05 %
5yr Avg Operating Profit Margin	13.62 %	5.62 %	2.46 %
5 yr average Debt to Equity	0.44	0.45	0.86
5yr CAGR Net Profit	39.21 %	n/a	61.9 %
5yr Average Return on Assets	18.08 %	2.43 %	6.45 %
Shareholdings
Promoter Holding	74.95 %	73.81 %	66.5 %
Share Pledged by Promoters	0.0	5.79 %	8.1 %
Change in Promoter Holding (3 Yrs)	0.0	-1.09 %	2.53 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Vraj Iron & Steel	Panchmahal Steel	Mangalam Worldwide
Product Wise Break-Up	Product Wise Break-Up Sponge Iron 52.58 TMT Bar 30.31 MS Billets & Others 13.99 Wires of Stainless Steel 0 0 Others 3.12	Product Wise Break-Up Sponge Iron 0 Bars & Rods 39.0 MS Billets & Others 0 TMT Bar 0 Wires of Stainless Steel 37.0 Others 24.0	Product Wise Break-Up Sponge Iron 0 0 MS Billets & Others 0 TMT Bar 0 Wires of Stainless Steel 0 Others 100
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 85.21 Rest of the World 14.57 Others 0.22	Location Wise Break-Up India 0 Rest of the World 0 Others 100