Balkrishna Industries Ltd. benchmarking: Perfomance to industry peers

Financial

	Balkrishna Inds.	Apollo Tyres	MRF
Operational Metrics
Auto Ancillary Sector
Quarterly Sales Volume - Tyres Sold	0.81 Lakh MT	n/a	n/a
Manufacturing Capacity - Tyres	285000.0 MTPA	n/a	n/a
Chemical Sector
Manufacturing Capacity - Carbon black	115000.0 MTPA	n/a	n/a
Unclassified
R&D as a % of Total Sales	0.57 %	1.0 %	0.11 %
Financials
5 yr Average ROE	17.37 %	7.36 %	8.42 %
5yr average Equity Multiplier	1.53	2.18	1.64
5yr Average Asset Turnover Ratio	0.72	0.83	0.88
5yr Avg Net Profit Margin	16.01 %	4.08 %	5.92 %
Price to Book	4.29	2.01	3.41
P/E	30.65	35.71	35.04
5yr Avg Cash Conversion Cycle	49.31 Days	35.97 Days	56.61 Days
Inventory Days	56.3 Days	65.04 Days	63.9 Days
Days Receivable	51.31 Days	40.01 Days	39.94 Days
Days Payable	62.39 Days	86.09 Days	58.51 Days
5yr Average Interest Coverage Ratio	82.61	3.75	6.47
5yr Avg ROCE	21.6 %	10.5 %	11.8 %
5yr Avg Operating Profit Margin	24.09 %	14.71 %	14.16 %
5 yr average Debt to Equity	0.33	0.41	0.16
5yr CAGR Net Profit	7.04 %	26.21 %	7.92 %
5yr Average Return on Assets	11.48 %	3.55 %	5.16 %
Shareholdings
Promoter Holding	58.29 %	36.95 %	27.78 %
Share Pledged by Promoters	0.0	0.07 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.39 %	-0.16 %
Change in Mutual Fund Holding (3 Yrs)	7.24 %	5.18 %	1.49 %

	Balkrishna Inds.	Apollo Tyres	MRF
Segment Break-Up	Segment Break-Up Tyres 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up Europe 38.4 India 34.9 North America 17.0 APMEA 0 Others 9.7	Location Wise Break-Up Asia Pacific 61.78 North America 0 Europe 23.65 India 0 Others 14.57	Location Wise Break-Up APMEA 0 North America 0 Europe 0 India 91.69 Others 8.31
OEM vs Aftermarket	OEM vs Aftermarket After market 73.3 OEM 25.2 Replacement 0 Others 1.5	OEM vs Aftermarket Replacement 0 OEM 25.0 After market 0 Others 75.0	OEM vs Aftermarket Aftermarket 73.0 OEM 0 After market 0 Others 27.0
Customer Segment	Customer Segment Agricultural 58.9 OTR 37.3 ATV and lawn and garden 0 Light Truck 0 Off Highway 0 Truck-Bus 0 Passenger Vehicles 0 Others 3.8	Customer Segment ATV and lawn and garden 0 Light Commercial Vehicles 7.0 OTR 0 4 Wheeler 35.0 Off Highway 11.0 Agricultural 0 Truck and Bus 42.0 Others 5.0	-
Asset Break-Up	Asset Break-Up India 99.66 Outside India 0.34 Europe 0 APMEA 0 India 0	Asset Break-Up APMEA 61.4 Europe 32.63 Outside India 0 India 0 Others 5.97	Asset Break-Up APMEA 0 Europe 0 Outside India 0 India 99.91 Others 0.09