Bajaj Auto Ltd.

Financial

	Bajaj Auto	TVS Motor	Hero MotoCorp
Operational Metrics
Automobile Sector
Total Automobiles Sold - Monthly	388256.0 .	383615.0 .	533585.0 .
Automobiles Sold - Monthly - Domestic	249083.0 .	303107.0 .	513296.0 .
Automobiles Sold - Monthly - Export	139173.0 .	80508.0 .	20289.0 .
Commercial Vehicle
Commercial Vehicles Sold - Monthly - Domestic	32133.0 .	n/a	n/a
Two Wheeler
Two Wheelers Sold - Monthly - Domestic	216950.0 .	301449.0 .	513296.0 .
Two Wheelers (KTM) Sold - Domestic	52981.0	n/a	n/a
Unclassified
R&D as a % of Total Sales	1.48 %	1.88 %	1.6 %
Financials
5 yr Average ROE	20.87 %	19.63 %	20.38 %
5yr average Equity Multiplier	1.21	5.86	1.5
5yr Average Asset Turnover Ratio	1.0	0.98	1.41
5yr Avg Net Profit Margin	17.28 %	3.43 %	9.61 %
Price to Book	8.74	14.95	5.7
P/E	32.84	60.12	26.92
5yr Avg Cash Conversion Cycle	-24.07 Days	-51.36 Days	-26.94 Days
Inventory Days	13.63 Days	22.43 Days	16.52 Days
Days Receivable	16.23 Days	13.75 Days	25.57 Days
Days Payable	61.53 Days	92.36 Days	67.47 Days
5yr Average Interest Coverage Ratio	1138.91	2.22	83.71
5yr Avg ROCE	24.25 %	18.47 %	23.68 %
5yr Avg Operating Profit Margin	21.33 %	11.91 %	14.68 %
5 yr average Debt to Equity	0.0	3.38	0.02
5yr CAGR Net Profit	4.22 %	13.52 %	-3.99 %
5yr Average Return on Assets	17.2 %	3.36 %	13.6 %
Shareholdings
Promoter Holding	55.06 %	50.27 %	34.76 %
Share Pledged by Promoters	0.01 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	1.36 %	-7.13 %	0.0
Change in Mutual Fund Holding (3 Yrs)	1.61 %	5.13 %	9.37 %

Business

	Bajaj Auto	TVS Motor	Hero MotoCorp
Product Wise Break-Up	Product Wise Break-Up Automobile 96.75 Investment services 3.11 Parts & Accessories 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Two wheelers 0 Components 0 Spare parts 0 Others 0.14	Product Wise Break-Up Automobile 0 Three-wheeler 0 Investment services 0 Components 0 Two wheelers 0 2 Wheelers 77.7 Spare parts 0 Parts & Accessories 8.67 Others 13.63	Product Wise Break-Up Automobile 0 Three-wheeler 0 Investment services 0 Components 0 2 Wheeler 83.14 Motorcycles, Scooters, Mopeds 0 Spare Parts & Accessories 14.34 Parts & Accessories 0 Others 2.52
Location Wise Break-Up	Location Wise Break-Up India 61.73 Latin America 0 Africa 0 Asia Pacific 0 Rest of the World 0 Others 38.27	Location Wise Break-Up Asia Pacific 0 Latin America 0 Rest of the World 24.14 Africa 0 India 75.86	Location Wise Break-Up Asia Pacific 0 Latin America 0 Rest of the World 4.36 Africa 0 India 95.64
Operating Profit Break-Up	Operating Profit Break-Up Automobile 86.11 Investment services 13.89 Financial Services 0 Automotive Components 0 Automotive vehicles & parts 0	Operating Profit Break-Up Automobile 0 Investment services 0 Auto Ancillary 74.11 Financial Services 23.99 Auto Ancillary 1.9	-
Asset Break-Up	Asset Break-Up India 83.05 Rest of the World 16.95 Outside India 0	-	Asset Break-Up Outside India 3.96 India 96.04 Rest of the World 0