The India Cements Ltd.

Financial

	India Cements	Nuvoco Vistas Corpor	The Ramco Cements
Operational Metrics
Cement Sector
Capacity Utilization - Cement	69.0 %	78.85 %	96.0 %
Realization / Tonne - Cement	5155.0 Rs/MT	5533.96 Rs/MT	4966.73 Rs/MT
EBITDA / Tonne - Cement	19.0 Rs/MT	939.62 Rs/MT	785.0 Rs/MT
Manufacturing Capacity - Cement	15.55 MMTPA	25.0 MMTPA	22.0 MMTPA
Quarterly Sales Volume - Cement	2.67 Million tonnes	5.3 Million tonnes	5.41 Million tonnes
Financials
5 yr Average ROE	0.76 %	0.89 %	10.98 %
5yr average Equity Multiplier	2.05	2.46	2.02
5yr Average Asset Turnover Ratio	0.45	0.49	0.52
5yr Avg Net Profit Margin	1.01 %	0.69 %	10.89 %
Price to Book	1.63	1.44	2.73
P/E	0.0	87.89	54.86
5yr Avg Cash Conversion Cycle	-167.87 Days	-245.44 Days	-115.19 Days
Inventory Days	54.71 Days	30.82 Days	28.21 Days
Days Receivable	57.13 Days	17.97 Days	12.65 Days
Days Payable	349.26 Days	246.54 Days	144.78 Days
5yr Average Interest Coverage Ratio	1.05	0.97	10.3
5yr Avg ROCE	2.99 %	4.76 %	10.46 %
5yr Avg Operating Profit Margin	10.16 %	16.24 %	21.92 %
5 yr average Debt to Equity	0.57	0.79	0.55
5yr CAGR Net Profit	n/a	n/a	-9.24 %
5yr Average Return on Assets	0.38 %	0.36 %	5.48 %
Shareholdings
Promoter Holding	28.42 %	72.02 %	42.29 %
Share Pledged by Promoters	46.16 %	0.0	22.29 %
Change in Promoter Holding (3 Yrs)	0.0	0.99 %	-0.25 %
Change in Mutual Fund Holding (3 Yrs)	1.37 %	5.64 %	-5.39 %

Business

	India Cements	Nuvoco Vistas Corpor	The Ramco Cements
Product Wise Break-Up	Product Wise Break-Up Cement 92.86 Electricity 2.03 Ready Mix Concrete 1.96 Clinker 1.06 White Cement 0 Windmills 0 Dry Mortar Products 0 Others 2.09	-	Product Wise Break-Up Windmills 0 Electricity 0 Dry Mortar Products 0 White Cement 0 Cement 100.0 Clinker 0 Ready Mix Concrete 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 East India 0 North India 0 Central India 0 Rest of the World 0	Location Wise Break-Up Central India 5.0 India 0 North India 20.0 Rest of the World 0 East India 75.0	Location Wise Break-Up Central India 0 India 98.31 North India 0 Rest of the World 1.69 East India 0
Raw Material Break-Up	Raw Material Break-Up Limestone 31.65 Gypsum 14.45 Other Additives 0 Aggregates 0 Clinker 0 Pozzolona Material 0 0 Lime stone 0 Others 53.9	-	Raw Material Break-Up Other Additives 15.03 Pozzolona Material 9.69 Gypsum 9.34 Freight 24.24 Limestone 0 Aggregates 3.31 Limestone 34.58 Clinker 2.19 Others 1.62