Dalmia Bharat Sugar And Industries Ltd.

Financial

	Dalmia Bharat Sugar	Banna Amman Sugars	Avadh Sugar & Energy
Operational Metrics
Sugar Sector
Capacity Utilization - Cogeneration	47.93 %	58.69 %	n/a
Capacity Utilization - Sugar	39.03 %	65.4 %	n/a
Sugar Recovery	10.63 %	9.53 %	11.4 %
Realization / Litre - Distillery	57.62 Rs/L	n/a	59.44 Rs/L
Realization / Unit - Cogeneration	14.91 Rs/Unit	n/a	3.42 Rs/Unit
Realization / Kg - Sugar	40.0 Rs/Kg	n/a	37.76 Rs/Kg
Financials
5 yr Average ROE	11.28 %	7.1 %	15.29 %
5yr average Equity Multiplier	1.85	1.77	4.05
5yr Average Asset Turnover Ratio	0.67	0.73	0.98
5yr Avg Net Profit Margin	9.22 %	5.65 %	4.0 %
Price to Book	1.13	2.33	1.24
P/E	12.19	25.8	9.96
5yr Avg Cash Conversion Cycle	138.92 Days	160.38 Days	101.31 Days
Inventory Days	171.27 Days	201.45 Days	184.39 Days
Days Receivable	16.93 Days	35.15 Days	10.33 Days
Days Payable	61.75 Days	23.52 Days	84.66 Days
5yr Average Interest Coverage Ratio	8.27	4.44	2.47
5yr Avg ROCE	13.23 %	10.84 %	18.88 %
5yr Avg Operating Profit Margin	17.91 %	14.03 %	10.94 %
5 yr average Debt to Equity	0.46	0.62	2.1
5yr CAGR Net Profit	7.12 %	13.56 %	-3.51 %
5yr Average Return on Assets	6.17 %	4.08 %	3.85 %
Shareholdings
Promoter Holding	74.91 %	58.7 %	60.39 %
Share Pledged by Promoters	0.0	0.0	23.82 %
Change in Promoter Holding (3 Yrs)	0.0	0.0	0.04 %
Change in Mutual Fund Holding (3 Yrs)	0.04 %	-0.09 %	0.0

Business

	Dalmia Bharat Sugar	Banna Amman Sugars	Avadh Sugar & Energy
Product Wise Break-Up	Product Wise Break-Up Sugar 61.11 Distillery 21.25 Power 16.58 Granite Products 0 Sugar 0 Co-Generation 0 Others 1.06	Product Wise Break-Up Distillery 9.63 Co-Generation 0 Power 20.64 Sugar 68.57 Granite Products 1.16	Product Wise Break-Up Distillery 14.15 Co-Generation 10.06 Power 0 Sugar 74.91 Granite Products 0 Others 0.88
Location Wise Break-Up	Location Wise Break-Up India 99.98 Rest of the World 0.02	Location Wise Break-Up Rest of the World 13.8 India 86.2	Location Wise Break-Up Rest of the World 0 India 83.34 Others 16.66
Operating Profit Break-Up	Operating Profit Break-Up Power 58.55 Sugar 31.05 Distillery 9.86 Granite Products 0 Co-Generation 0 Others 0.54	Operating Profit Break-Up Distillery 25.39 Co-Generation 0 Power 64.24 Sugar 10.38 Granite Products 0	Operating Profit Break-Up Distillery 24.82 Co-Generation 11.67 Power 0 Sugar 63.39 Granite Products 0 Others 0.12
Capex	Capex Sugar 41.97 Power 6.19 Distillery 3.83 Granite Products 0 Others 48.01	Capex Granite Products 0.43 Sugar 17.94 Distillery 81.0 Power 0.63	-
Asset Break-Up	Asset Break-Up Sugar 48.83 Distillery 15.99 Power 8.14 Granite Products 0 Co-Generation 0 Others 27.04	Asset Break-Up Distillery 17.39 Co-Generation 0 Power 12.21 Sugar 64.41 Granite Products 3.91 Others 2.08	Asset Break-Up Distillery 9.52 Co-Generation 11.55 Power 0 Sugar 75.37 Granite Products 0 Others 3.56