Ashok Leyland Ltd. benchmarking: Perfomance to industry peers

Financial

	Ashok Leyland	Force Motors	Olectra Greentech
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	18272.0 .	2883.0 .	n/a
Automobiles Sold - Monthly - Domestic	18272.0 .	2765.0 .	n/a
Automobiles Sold - Monthly - Export	1781.0 .	118.0 .	n/a
Commercial Vehicles Sold - Monthly - Domestic	16491.0 .	n/a	n/a
Light Commercial Vehicles Sold - Monthly - Domestic	6253.0 .	2765.0 .	n/a
MHCV Sold - Monthly - Domestic	10238.0 .	n/a	n/a
Unclassified
R&D as a % of Total Sales	1.41 %	n/a	n/a
Financials
5 yr Average ROE	12.09 %	7.76 %	7.02 %
5yr average Equity Multiplier	6.38	1.91	1.69
5yr Average Asset Turnover Ratio	0.62	1.19	0.61
5yr Avg Net Profit Margin	2.52 %	1.82 %	5.84 %
Price to Book	7.59	6.61	8.85
P/E	29.33	21.52	69.47
5yr Avg Cash Conversion Cycle	-31.41 Days	9.1 Days	29.84 Days
Inventory Days	31.29 Days	65.45 Days	54.29 Days
Days Receivable	26.76 Days	6.29 Days	122.22 Days
Days Payable	103.27 Days	71.46 Days	199.69 Days
5yr Average Interest Coverage Ratio	1.7	11.44	4.21
5yr Avg ROCE	12.2 %	9.4 %	11.27 %
5yr Avg Operating Profit Margin	14.3 %	7.17 %	12.44 %
5 yr average Debt to Equity	3.7	0.34	0.13
5yr CAGR Net Profit	n/a	n/a	76.62 %
5yr Average Return on Assets	1.71 %	4.26 %	3.86 %
Shareholdings
Promoter Holding	51.51 %	61.63 %	50.02 %
Share Pledged by Promoters	41.15 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.03 %	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	-4.54 %	-1.11 %	0.26 %

	Ashok Leyland	Force Motors	Olectra Greentech
Product Wise Break-Up	Product Wise Break-Up Commercial Vehicles 84.16 Financial Services 15.84 Spare parts and others 0 Ferrous castings and patterns 0 Engines and gensets 0 Engines 0 0 e-truck division 0 E Bus division 0 Insulator division 0	Product Wise Break-Up Spare parts and others 0 Insulator division 0 Commercial Vehicles 0 Financial Services 0 Light Commercial Vehicles 56.0 e-truck division 0 Engines 28.0 E Bus division 0 Ferrous castings and patterns 0 Engines and gensets 0 Others 16.0	Product Wise Break-Up Spare parts and others 0 Insulator division 15.83 Commercial Vehicles 0 Financial Services 0 0 e-truck division 0 Engines 0 E Bus division 84.17 Ferrous castings and patterns 0 Engines and gensets 0
Location Wise Break-Up	Location Wise Break-Up India 90.36 Rest of the World 9.64	-	Location Wise Break-Up Rest of the World 0 India 100.0
Operating Profit Break-Up	Operating Profit Break-Up Commercial Vehicles 79.89 Financial Services 20.11 e-truck division 0 E Bus Division 0 Insulator Division 0	-	Operating Profit Break-Up Commercial Vehicles 0 E Bus Division 69.44 Financial Services 0 e-truck division 0 Insulator Division 30.56
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Financial Services 72.35 Commercial Vehicle 27.65	-	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise Others 100	-	-