Cash flow Star Cement Limited

Equities

STARCEMENT

INE460H01021

Construction Materials

Market Closed - Bombay S.E. Other stock markets 03:30:51 22/01/2026 pm IST			5-day change	1st Jan Change
214.20 ^INR	+0.52%		-0.99%	-4.86%

20/11	Antique Stock Broking Upgrades Star Cement to Buy from Hold, Price Target is INR250	MT
07/11	Asit C Mehta Upgrades Star Cement to Buy from Hold; Price Target is INR307	MT

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Published financial data: STAR CEMENT LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.72TCr	2.22TCr	2.7TCr	2.91TCr	3.16TCr
Other Revenues, Total	-	-	-	-	-3.2Cr
Total Revenues	1.72TCr	2.22TCr	2.7TCr	2.91TCr	3.16TCr
Cost of Goods Sold, Total	428.84Cr	617.07Cr	1.24TCr	1.04TCr	1.08TCr
Gross Profit	1.29TCr	1.6TCr	1.47TCr	1.87TCr	2.08TCr
Selling General & Admin Expenses, Total	153.26Cr	214.89Cr	752.16Cr	1.01TCr	1.15TCr
Depreciation & Amortization - (IS)	90Cr	121.63Cr	131.11Cr	146.6Cr	331.91Cr
Other Operating Expenses	805.23Cr	1.04TCr	244.72Cr	303.53Cr	358.76Cr
Other Operating Expenses, Total	1.05TCr	1.38TCr	1.13TCr	1.46TCr	1.84TCr
Operating Income	242.61Cr	223.62Cr	338.36Cr	408.56Cr	243.34Cr
Interest Expense, Total	-5.21Cr	-6.7Cr	-7.85Cr	-11Cr	-30Cr
Interest And Investment Income	27Cr	33Cr	43Cr	20Cr	3.2Cr
Net Interest Expenses	22Cr	26Cr	35Cr	9.08Cr	-27Cr
Currency Exchange Gains (Loss)	-	-	-	-	4L
Other Non Operating Income (Expenses)	-88.25L	-6.47Cr	9L	-4L	3.44Cr
EBT, Excl. Unusual Items	263.77Cr	243.58Cr	373.95Cr	417.61Cr	220.2Cr
Gain (Loss) On Sale Of Investments	7L	8L	7L	11.53L	2L
Gain (Loss) On Sale Of Assets	-	-	-	1.15Cr	19.03L
Insurance Settlements	-	-	-	-	2Cr
Other Unusual Items	-65Cr	-	5.65Cr	4.71Cr	3.26Cr
EBT, Incl. Unusual Items	199.26Cr	243.65Cr	379.67Cr	423.58Cr	225.67Cr
Income Tax Expense	12Cr	-3.12Cr	132.06Cr	128.47Cr	57Cr
Earnings From Continuing Operations	187.13Cr	246.77Cr	247.6Cr	295.11Cr	168.82Cr
Net Income to Company	187.13Cr	246.77Cr	247.6Cr	295.11Cr	168.82Cr
Minority Interest	-	-	-	-	-
Net Income - (IS)	187.13Cr	246.77Cr	247.6Cr	295.11Cr	168.82Cr
Net Income to Common Incl Extra Items	187.13Cr	246.77Cr	247.6Cr	295.11Cr	168.82Cr
Net Income to Common Excl. Extra Items	187.13Cr	246.77Cr	247.6Cr	295.11Cr	168.82Cr
Per Share Items
Net EPS - Basic	4.54	6.04	6.13	7.3	4.18
Basic EPS - Continuing Operations	4.54	6.04	6.13	7.3	4.18
Basic Weighted Average Shares Outstanding	41Cr	41Cr	40Cr	40Cr	40Cr
Net EPS - Diluted	4.54	6.04	6.13	7.3	4.18
Diluted EPS - Continuing Operations	4.54	6.04	6.13	7.3	4.18
Diluted Weighted Average Shares Outstanding	41Cr	41Cr	40Cr	40Cr	40Cr
Normalized Basic EPS	4	3.73	5.78	6.46	3.41
Normalized Diluted EPS	4	3.73	5.78	6.46	3.41
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	330.55Cr	342.51Cr	465.66Cr	548.63Cr	568.48Cr
EBITA	242.61Cr	223.62Cr	338.36Cr	408.56Cr	243.34Cr
EBIT	242.61Cr	223.62Cr	338.36Cr	408.56Cr	243.34Cr
EBITDAR	-	346.22Cr	468.39Cr	551.22Cr	571.06Cr
Total Revenues (As Reported)	1.75TCr	2.26TCr	2.76TCr	2.94TCr	3.17TCr
Effective Tax Rate - (Ratio)	6.09	-1.28	34.78	30.33	25.19
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	34Cr	2.52Cr	67Cr	79Cr	60Cr
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-22Cr	-5.62Cr	72Cr	56Cr	-3.01Cr
Normalized Net Income	164.86Cr	152.23Cr	233.72Cr	261Cr	137.63Cr
Interest Capitalized	-	-	1.92Cr	1.79Cr	4.06Cr
Interest on Long-Term Debt	32.45L	51.1L	62.97L	1.43Cr	1.32Cr
Non-Cash Pension Expense	37.01L	27.73L	5L	28.57L	56.43L
Supplemental Operating Expense Items
Advertising Expense	22Cr	52Cr	47Cr	54Cr	73Cr
Selling and Marketing Expenses	22Cr	52Cr	553.57Cr	795.75Cr	900.83Cr
Research And Development Expense From Footnotes	45.06L	52.31L	22.74L	37T	-
Net Rental Expense, Total	-	3.72Cr	2.73Cr	2.59Cr	2.58Cr
Imputed Operating Lease Interest Expense	-	12Cr	8.35Cr	2.86Cr	2.55Cr
Imputed Operating Lease Depreciation	-	-8.06Cr	-5.63Cr	-27.78L	4L
Maintenance & Repair Expenses, Total	26Cr	43Cr	56Cr	21Cr	35Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	257Cr	8.08Cr	121.62Cr	48Cr	40Cr
Short Term Investments	230.13Cr	537.1Cr	190.03Cr	47Cr	5.19Cr
Total Cash And Short Term Investments	487.13Cr	545.18Cr	311.65Cr	95Cr	45Cr
Accounts Receivable, Total	131.73Cr	128.75Cr	104.69Cr	150.78Cr	199.54Cr
Other Receivables	214.34Cr	135.91Cr	39Cr	9.9Cr	171.12Cr
Notes Receivable	43Cr	34Cr	17Cr	3.25Cr	40L
Total Receivables	389.16Cr	298.76Cr	160.93Cr	163.92Cr	371.06Cr
Inventory	234.68Cr	195.3Cr	478.81Cr	428.73Cr	565Cr
Prepaid Expenses	11Cr	9.49Cr	8.97Cr	8.23Cr	11Cr
Other Current Assets, Total	103.51Cr	81Cr	37Cr	70Cr	43Cr
Total Current Assets	1.23TCr	1.13TCr	997.43Cr	765.7Cr	1.03TCr
Gross Property Plant And Equipment	1.51TCr	1.71TCr	2.25TCr	3.38TCr	3.9TCr
Accumulated Depreciation	-561.97Cr	-683.07Cr	-812.1Cr	-947.48Cr	-1.27TCr
Net Property Plant And Equipment	949.21Cr	1.03TCr	1.44TCr	2.43TCr	2.63TCr
Long-term Investments	1.66Cr	118.02Cr	217.07Cr	2.74Cr	4.51Cr
Other Intangibles, Total	36.55L	4.77Cr	3.98Cr	5.03Cr	7.5Cr
Loans Receivable Long-Term	4.36Cr	-	-	17Cr	15Cr
Deferred Tax Assets Long-Term	311.23Cr	353.92Cr	289.04Cr	240.08Cr	243.09Cr
Deferred Charges Long-Term	42T	42T	-	-	-
Other Long-Term Assets, Total	69Cr	110.63Cr	186.3Cr	139.22Cr	168.75Cr
Total Assets	2.56TCr	2.75TCr	3.13TCr	3.6TCr	4.11TCr
Liabilities
Accounts Payable, Total	98Cr	114.59Cr	282.04Cr	219.7Cr	232.54Cr
Accrued Expenses, Total	147.78Cr	226.02Cr	142.75Cr	197.22Cr	255.32Cr
Short-term Borrowings	15Cr	5.19Cr	26Cr	58Cr	76Cr
Current Portion of Long-Term Debt	55.44L	18.74L	-	-	21Cr
Current Portion of Leases	1.38Cr	2.27Cr	4.41Cr	4.45Cr	5.49Cr
Current Income Taxes Payable	2.51Cr	1.97Cr	1.09Cr	3.66Cr	3.47Cr
Unearned Revenue Current, Total	2.03Cr	1.67Cr	1.5Cr	1.09Cr	1.2Cr
Other Current Liabilities	74Cr	51Cr	71Cr	297.19Cr	300.77Cr
Total Current Liabilities	341.3Cr	402.58Cr	528.5Cr	781.03Cr	896.16Cr
Long-Term Debt	18.74L	-	-	72Cr	292.73Cr
Long-Term Leases	1.49Cr	8.01Cr	4.84Cr	13Cr	7.17Cr
Unearned Revenue Non Current	11Cr	8.77Cr	7.27Cr	13Cr	12Cr
Pension & Other Post Retirement Benefits	5.23Cr	1.57Cr	2.25Cr	6.35Cr	10Cr
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	129.23Cr	155.74Cr	172.17Cr	6.83Cr	9.17Cr
Total Liabilities	488Cr	576.66Cr	715.02Cr	892.26Cr	1.23TCr
Common Stock, Total	41Cr	40Cr	40Cr	40Cr	40Cr
Retained Earnings	2TCr	2.09TCr	2.34TCr	2.63TCr	2.8TCr
Comprehensive Income and Other	37Cr	38Cr	38Cr	38Cr	38Cr
Total Common Equity	2.07TCr	2.17TCr	2.42TCr	2.71TCr	2.88TCr
Minority Interest	-	-	-	-	-25.27L
Total Equity	2.07TCr	2.17TCr	2.42TCr	2.71TCr	2.88TCr
Total Liabilities And Equity	2.56TCr	2.75TCr	3.13TCr	3.6TCr	4.11TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41Cr	40Cr	40Cr	40Cr	40Cr
ECS Total Common Shares Outstanding	41Cr	40Cr	40Cr	40Cr	40Cr
Book Value / Share	50.29	53.65	59.78	67.05	71.24
Tangible Book Value	2.07TCr	2.16TCr	2.41TCr	2.71TCr	2.87TCr
Tangible Book Value Per Share	50.28	53.53	59.69	66.93	71.05
Total Debt	18Cr	16Cr	35Cr	146.94Cr	402.76Cr
Net Debt	-468.95Cr	-529.52Cr	-276.3Cr	52Cr	357.72Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.12Cr	2.74Cr	3.32Cr	7.95Cr	11Cr
Debt Equivalent Oper. Leases	-	30Cr	22Cr	21Cr	21Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-25.27L
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	45Cr	47Cr	55Cr	54Cr	74Cr
Inventories - Work In Process, Total	2.05Cr	2.98Cr	2.59Cr	15Cr	53Cr
Inventories - Finished Goods, Total	61Cr	31Cr	50Cr	21Cr	30Cr
Inventories - Others	127.14Cr	113.69Cr	267.05Cr	244.9Cr	289.78Cr
Land - (BS)	108.8Cr	134.57Cr	116.24Cr	193.53Cr	227.42Cr
Buildings, Total	262.62Cr	320.82Cr	352.04Cr	414.12Cr	573.95Cr
Machinery, Total	967.86Cr	1.1TCr	1.12TCr	1.64TCr	2.77TCr
Full Time Employees	703	827	861	855	2.27T
Accumulated Allowance for Doubtful Accounts (Supple)	1.32Cr	1.49Cr	3.53Cr	5.04Cr	7.96Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	187.13Cr	246.77Cr	247.6Cr	295.11Cr	168.82Cr
Depreciation & Amortization - CF	90Cr	121.47Cr	129.82Cr	144.87Cr	330.08Cr
Depreciation & Amortization, Total	90Cr	121.47Cr	129.82Cr	144.87Cr	330.08Cr
Amortization of Deferred Charges, Total - (CF)	-	16.09L	1.3Cr	1.73Cr	1.83Cr
(Gain) Loss From Sale Of Asset	71.91L	4L	-2L	1.15Cr	10.03L
(Gain) Loss on Sale of Investments - (CF)	-8L	-11.28L	-7L	-11.53L	-2L
Provision and Write-off of Bad Debts	-17.3L	16.47L	2.05Cr	1.5Cr	3.08Cr
Other Operating Activities, Total	-35Cr	-58Cr	36Cr	41Cr	15Cr
Change In Accounts Receivable	-9.34Cr	2.82Cr	22Cr	-48Cr	-52Cr
Change In Inventories	22Cr	39Cr	-178.82Cr	38Cr	-112.46Cr
Change In Accounts Payable	2.7Cr	16Cr	110.2Cr	-58Cr	17Cr
Change in Other Net Operating Assets	94Cr	48Cr	4.95Cr	71Cr	-75Cr
Cash from Operations	352.33Cr	417.07Cr	375.23Cr	489.75Cr	296.47Cr
Capital Expenditure	-107.5Cr	-199.44Cr	-571.86Cr	-1.04TCr	-581.19Cr
Sale of Property, Plant, and Equipment	66.8L	2.08Cr	2.41Cr	37.96L	5.52Cr
Cash Acquisitions	-40Cr	-	-	-	-
Investment in Marketable and Equity Securities, Total	-190.58Cr	-122.26Cr	251.16Cr	354.78Cr	35Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-3.05Cr	4.55Cr
Other Investing Activities, Total	4.66Cr	31Cr	47Cr	34Cr	7.33Cr
Cash from Investing	-333.04Cr	-288.85Cr	-271.69Cr	-650.06Cr	-528.55Cr
Short Term Debt Issued, Total	4.2Cr	-	21Cr	32Cr	17Cr
Long-Term Debt Issued, Total	-	-	-	72Cr	241.93Cr
Total Debt Issued	4.2Cr	-	21Cr	103.73Cr	258.85Cr
Short Term Debt Repaid, Total	-	-9.75Cr	-	-	-
Long-Term Debt Repaid, Total	-90.86L	-66.1L	-1.03Cr	-6.53Cr	-5.89Cr
Total Debt Repaid	-90.86L	-10Cr	-1.03Cr	-6.53Cr	-5.89Cr
Repurchase of Common Stock	-	-152.36Cr	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-6.63Cr	-13Cr	-9.7Cr	-11Cr	-29Cr
Cash from Financing	-3.35Cr	-175.63Cr	10Cr	86Cr	224.14Cr
Miscellaneous Cash Flow Adjustments	-	-	1T	-	-
Net Change in Cash	16Cr	-47Cr	113.55Cr	-74Cr	-7.94Cr
Supplemental Items
Cash Interest Paid	6.63Cr	13Cr	9.7Cr	11Cr	29Cr
Cash Income Tax Paid (Refund)	30Cr	35Cr	68Cr	76Cr	69Cr
Levered Free Cash Flow	205.55Cr	297.28Cr	-233.73Cr	-570.77Cr	-358.81Cr
Unlevered Free Cash Flow	208.81Cr	301.47Cr	-228.83Cr	-564Cr	-340.17Cr
Change In Net Working Capital	-75Cr	-239.52Cr	-44.43L	-71Cr	242.98Cr
Net Debt Issued / Repaid	3.29Cr	-10Cr	20Cr	97Cr	252.96Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.16	5.27	7.2	7.58	3.95
Return on Total Capital	7.51	6.54	9.12	9.62	4.95
Return On Equity %	9.35	11.63	10.8	11.51	6.04
Return on Common Equity	9.52	11.63	10.8	11.51	6.04
Margin Analysis
Gross Profit Margin %	75.07	72.23	54.21	64.31	65.97
SG&A Margin	8.91	9.67	27.81	34.81	36.42
EBITDA Margin %	19.22	15.42	17.22	18.85	17.99
EBITA Margin %	14.11	10.06	12.51	14.04	7.7
EBIT Margin %	14.11	10.06	12.51	14.04	7.7
Income From Continuing Operations Margin %	10.88	11.11	9.15	10.14	5.34
Net Income Margin %	10.88	11.11	9.15	10.14	5.34
Net Avail. For Common Margin %	10.88	11.11	9.15	10.14	5.34
Normalized Net Income Margin	9.59	6.85	8.64	8.97	4.36
Levered Free Cash Flow Margin	11.95	13.38	-8.64	-19.61	-11.35
Unlevered Free Cash Flow Margin	12.14	13.57	-8.46	-19.38	-10.76
Asset Turnover
Asset Turnover	0.7	0.84	0.92	0.86	0.82
Fixed Assets Turnover	1.83	2.25	2.19	1.5	1.25
Receivables Turnover (Average Receivables)	13.55	17.06	23.17	22.79	18.06
Inventory Turnover (Average Inventory)	1.74	2.87	3.37	2.29	2.16
Short Term Liquidity
Current Ratio	3.59	2.81	1.89	0.98	1.15
Quick Ratio	2.44	2.01	0.86	0.33	0.46
Operating Cash Flow to Current Liabilities	1.03	1.04	0.71	0.63	0.33
Days Sales Outstanding (Average Receivables)	26.95	21.4	15.75	16.06	20.21
Days Outstanding Inventory (Average Inventory)	209.2	127.17	108.45	159.87	168.65
Average Days Payable Outstanding	87.19	67.31	61.81	92.01	67.96
Cash Conversion Cycle (Average Days)	148.96	81.25	62.39	83.92	120.9
Long Term Solvency
Total Debt/Equity	0.88	0.72	1.46	5.42	13.99
Total Debt / Total Capital	0.87	0.72	1.44	5.14	12.27
LT Debt/Equity	0.08	0.37	0.2	3.13	10.42
Long-Term Debt / Total Capital	0.08	0.37	0.2	2.97	9.14
Total Liabilities / Total Assets	19.05	21.01	22.83	24.77	29.9
EBIT / Interest Expense	46.59	33.38	43.09	37.73	8.16
EBITDA / Interest Expense	63.87	51.51	59.62	51.11	19.23
(EBITDA - Capex) / Interest Expense	43.23	21.74	-13.2	-44.61	-0.26
Total Debt / EBITDA	0.05	0.05	0.08	0.27	0.7
Net Debt / EBITDA	-1.41	-1.53	-0.59	0.09	0.62
Total Debt / (EBITDA - Capex)	0.08	0.11	-0.34	-0.3	-51.88
Net Debt / (EBITDA - Capex)	-2.08	-3.64	2.66	-0.11	-46.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.69	29.18	21.74	7.61	8.57
Gross Profit, 1 Yr. Growth %	-9.14	24.29	23.27	3.58	11.38
EBITDA, 1 Yr. Growth %	-15.87	3.66	35.96	18.09	3.62
EBITA, 1 Yr. Growth %	-19.51	-7.83	51.31	21.14	-40.44
EBIT, 1 Yr. Growth %	-19.51	-7.83	51.31	21.14	-40.44
Earnings From Cont. Operations, 1 Yr. Growth %	-34.87	31.87	0.34	19.19	-42.79
Net Income, 1 Yr. Growth %	-34.47	31.87	0.34	19.19	-42.79
Normalized Net Income, 1 Yr. Growth %	-17.28	-7.66	53.52	11.64	-47.27
Diluted EPS Before Extra, 1 Yr. Growth %	-33.76	33.11	1.43	19.16	-42.78
Accounts Receivable, 1 Yr. Growth %	7.78	-2.27	-18.69	44.02	32.34
Inventory, 1 Yr. Growth %	-8.65	-16.78	86.19	-10.46	31.78
Net Property, Plant and Equip., 1 Yr. Growth %	1.69	8.36	39.88	69.21	8.24
Total Assets, 1 Yr. Growth %	8.65	7.14	14.07	15.04	14
Tangible Book Value, 1 Yr. Growth %	11.68	4.37	11.5	12.13	6.16
Common Equity, 1 Yr. Growth %	11.69	4.54	11.43	12.16	6.24
Cash From Operations, 1 Yr. Growth %	-27.05	19.16	-10.03	36.63	-39.46
Capital Expenditures, 1 Yr. Growth %	-52.76	85.52	186.73	81.24	-43.93
Levered Free Cash Flow, 1 Yr. Growth %	12.46	56.32	-178.88	722.26	-37.25
Unlevered Free Cash Flow, 1 Yr. Growth %	11.35	55.85	-175.49	774.34	-39.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.08	9.79	25.41	14.46	8.09
Gross Profit, 2 Yr. CAGR %	-2.7	6.27	6.57	25.44	7.41
EBITDA, 2 Yr. CAGR %	-14.21	-6.64	18.71	26.56	10.62
EBITA, 2 Yr. CAGR %	-15.96	-13.87	18.1	35.17	-15.06
EBIT, 2 Yr. CAGR %	-15.96	-13.87	18.1	35.17	-15.06
Earnings From Cont. Operations, 2 Yr. CAGR %	-21.67	-7.32	15.03	9.36	-17.43
Net Income, 2 Yr. CAGR %	-20.86	-7.04	15.03	9.36	-17.43
Normalized Net Income, 2 Yr. CAGR %	-9.85	-12.6	19.07	30.94	-23.28
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.21	-6.1	16.2	9.94	-17.43
Accounts Receivable, 2 Yr. CAGR %	-4.28	2.64	-10.85	8.22	38.06
Inventory, 2 Yr. CAGR %	-7.99	-12.81	42.84	29.12	8.63
Net Property, Plant and Equip., 2 Yr. CAGR %	9.17	4.93	23.11	53.84	35.33
Total Assets, 2 Yr. CAGR %	5.62	7.89	10.55	14.56	14.52
Tangible Book Value, 2 Yr. CAGR %	9.69	7.94	7.88	11.81	9.1
Common Equity, 2 Yr. CAGR %	9.7	8.06	7.93	11.79	9.16
Cash From Operations, 2 Yr. CAGR %	-24.4	-7.07	3.54	8.36	-9.05
Capital Expenditures, 2 Yr. CAGR %	15.62	-6.39	130.64	127.97	0.81
Levered Free Cash Flow, 2 Yr. CAGR %	-39.58	27.53	10.86	38.79	127.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	-39.5	26.8	8.76	36.41	129.64
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.13	6.66	13.64	19.17	12.46
Gross Profit, 3 Yr. CAGR %	-0.05	5.57	1.05	13.18	20.57
EBITDA, 3 Yr. CAGR %	-14.09	-8.64	5.83	18.41	18.4
EBITA, 3 Yr. CAGR %	-15.4	-13.33	3.93	18.97	2.86
EBIT, 3 Yr. CAGR %	-15.4	-13.33	3.93	18.97	2.86
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.74	-6.81	-4.84	16.4	-11.89
Net Income, 3 Yr. CAGR %	-17.28	-6.18	-4.64	16.4	-11.89
Normalized Net Income, 3 Yr. CAGR %	-8.45	-9.13	5.46	16.55	-3.31
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.83	-5.37	-3.65	17.18	-11.57
Accounts Receivable, 3 Yr. CAGR %	-3.47	-3.61	-5.03	4.6	15.73
Inventory, 3 Yr. CAGR %	-7.3	-11.02	23.06	22.25	30
Net Property, Plant and Equip., 3 Yr. CAGR %	4.99	8.87	15.48	36.88	36.83
Total Assets, 3 Yr. CAGR %	0.75	6.12	9.91	12.03	14.37
Tangible Book Value, 3 Yr. CAGR %	12	7.88	9.12	9.28	9.9
Common Equity, 3 Yr. CAGR %	12	7.95	9.17	9.32	9.91
Cash From Operations, 3 Yr. CAGR %	-5.73	-12.21	-8.07	11.85	-10.75
Capital Expenditures, 3 Yr. CAGR %	49.18	35.36	35.95	112.84	42.84
Levered Free Cash Flow, 3 Yr. CAGR %	-16.77	-19.17	8.54	44.24	6.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-18.67	-19.15	6.86	42.86	3.92
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.06	7.76	10.87	9.71	11.39
Gross Profit, 5 Yr. CAGR %	-0.75	6.6	2.55	6.54	7.97
EBITDA, 5 Yr. CAGR %	-3.71	-3.51	-2.23	4.08	7.67
EBITA, 5 Yr. CAGR %	1.26	-5.17	-3.32	3.53	-4.19
EBIT, 5 Yr. CAGR %	1.26	-5.17	-3.32	3.53	-4.19
Earnings From Cont. Operations, 5 Yr. CAGR %	6.07	4.2	-5.93	-0.66	-10.09
Net Income, 5 Yr. CAGR %	6.9	4.85	-5.62	-0.25	-9.98
Normalized Net Income, 5 Yr. CAGR %	13.94	3.5	1.7	5.17	-7.14
Diluted EPS Before Extra, 5 Yr. CAGR %	7.25	5.41	-4.93	0.48	-9.42
Accounts Receivable, 5 Yr. CAGR %	-21.74	-1.35	-6.5	0.96	10.3
Inventory, 5 Yr. CAGR %	2.33	3.91	10.2	9.11	17.07
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.39	2.29	11.88	25.02	23.05
Total Assets, 5 Yr. CAGR %	0.77	2.05	4.56	9.42	11.73
Tangible Book Value, 5 Yr. CAGR %	14.47	13.56	10.32	9.43	9.11
Common Equity, 5 Yr. CAGR %	14.47	13.6	10.36	9.47	9.17
Cash From Operations, 5 Yr. CAGR %	29.42	6.81	-2.26	-4.5	-9.3
Capital Expenditures, 5 Yr. CAGR %	5.65	17.51	77.58	66.74	20.62
Levered Free Cash Flow, 5 Yr. CAGR %	21.22	19.78	-8.1	0.28	14.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	48.51	32.39	-10.03	-0.23	12.65
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-