Mangalore Chemicals & Fertilizers Key Ratios

Dupont Analysis

Metric	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
ROE	10.78%	11.30%	15.20%	9.62%	16.84%
PAT margin	2.57%	1.13%	2.49%	2.00%	2.32%
Asset Turnover	1.38x	1.69x	1.69x	2.24x	2.07x
Leverage	3.37x	3.35x	3.62x	3.82x	3.17x

Metric	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
Inventory Days	47.9	37.8	35.1	25.2	29.2
Receivable Days	4.4	6.7	6.1	1.9	2.5
Payable Days	83.9	66.4	67.8	47.6	57.5
Cash Conversion Cycle	-31.5	-21.9	-26.6	-20.4	-25.8

Metric	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
ROE	10.78%	11.30%	15.20%	9.62%	16.84%
ROCE	10.15%	12.56%	13.42%	11.64%	18.59%
ROA	3.20%	3.37%	4.20%	2.52%	5.31%