Ultratech Cement Ltd.

Financial

	Ultratech Cement	Grasim Industries	Ambuja Cement
Operational Metrics
Cement Sector
Capacity Utilization - Cement	98.0 %	n/a	85.0 %
Capacity Utilization - Grey Cement	84.0 %	n/a	n/a
Quarterly Sales Volume - Cement	35.08 Million tonnes	n/a	9.5 Million tonnes
Realization / Tonne - Cement	5289.19 Rs/MT	n/a	5031.58 Rs/MT
EBITDA / Tonne - Cement	1191.0 Rs/MT	n/a	837.0 Rs/MT
Manufacturing Capacity - Cement	140.8 MMTPA	n/a	35.4 MMTPA
Realisation - ( White Cement )	13490.57 Rs/MT	n/a	n/a
Financials
5 yr Average ROE	11.62 %	7.18 %	9.37 %
5yr average Equity Multiplier	1.92	4.13	1.68
5yr Average Asset Turnover Ratio	0.58	0.32	0.64
5yr Avg Net Profit Margin	10.7 %	5.47 %	8.88 %
Price to Book	5.59	2.05	3.98
P/E	48.06	32.3	46.14
5yr Avg Cash Conversion Cycle	-196.69 Days	-134.64 Days	-173.46 Days
Inventory Days	32.41 Days	29.16 Days	27.51 Days
Days Receivable	17.71 Days	16.35 Days	11.59 Days
Days Payable	203.08 Days	167.55 Days	255.38 Days
5yr Average Interest Coverage Ratio	6.53	2.71	26.45
5yr Avg ROCE	12.31 %	7.36 %	12.92 %
5yr Avg Operating Profit Margin	22.02 %	23.25 %	20.38 %
5 yr average Debt to Equity	0.44	1.27	0.0
5yr CAGR Net Profit	16.07 %	32.17 %	11.29 %
5yr Average Return on Assets	6.21 %	1.75 %	5.56 %
Shareholdings
Promoter Holding	59.96 %	43.06 %	66.74 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	1.23 %	3.45 %
Change in Mutual Fund Holding (3 Yrs)	3.2 %	0.58 %	1.17 %

Business

	Ultratech Cement	Grasim Industries	Ambuja Cement
Product Wise Break-Up	Product Wise Break-Up Grey Cement 88.71 White Cement 3.55 0 Financial services 0 0 0 Viscose (VSF) 0 Cement 0 Others 7.74	Product Wise Break-Up 0 Financial Services 27.56 White Cement 0 Chemicals 5.48 Grey Cement 0 Cement ( Grey Cement, White Cement and Allied Products ) 55.0 Cement 0 Viscose (VSF) 9.89 Others 2.07	Product Wise Break-Up 0 Financial services 0 White Cement 0 0 Grey Cement 0 0 Cement 100.0 Viscose (VSF) 0
Segment Break-Up	Segment Break-Up Cement 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up North India 23.0 West India 22.0 South India 19.0 Central India 19.0 East India 17.0 India 0 Rest of the World 0 Domestic 0	Location Wise Break-Up Central India 0 South India 0 India 95.37 North India 0 Rest of the World 4.63 East India 0 West India 0 Domestic 0	Location Wise Break-Up Central India 0 South India 0 India 0 North India 0 Rest of the World 0 East India 0 West India 0 Domestic 100.0