Balkrishna Industries Ltd. benchmarking: Perfomance to industry peers

Financial

	Balkrishna Inds.	Apollo Tyres	MRF
Operational Metrics
Auto Ancillary
Quarterly Sales Volume - Tyres Sold	0.7 Lakh MT	n/a	n/a
Manufacturing Capacity - Tyres	285000.0 MTPA	n/a	n/a
Chemicals
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	4.41	2.12	3.27
P/E	33.41	41.62	34.34
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 %	27.74 %
Share Pledged by Promoters	0.0	0.05 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.39 %	-0.13 %
Change in Mutual Fund Holding (3 Yrs)	7.13 %	4.04 %	1.1 %

	Balkrishna Inds.	Apollo Tyres	MRF
Segment Break-Up	Segment Break-Up Tyres 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up Europe 39.2 India 34.9 North America 14.9 APMEA 0 Others 11.0	Location Wise Break-Up Asia Pacific 58.88 North America 0 India 0 Europe 26.74 Others 14.38	Location Wise Break-Up APMEA 0 North America 0 India 91.69 Europe 0 Others 8.31
OEM vs Aftermarket	OEM vs Aftermarket After market 71.0 OEM 27.7 Replacement 0 Others 1.3	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 58.2 OTR 38.1 ATV and lawn and garden 0 Light Truck 0 Off Highway 0 Truck-Bus 0 Passenger Vehicles 0 Others 3.7	Customer Segment Truck and Bus 42.0 4 Wheeler 35.0 OTR 0 Light Commercial Vehicles 7.0 Off Highway 11.0 Agricultural 0 ATV and lawn and garden 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 Outside India 0 India 0 Europe 32.63 Others 5.97	Asset Break-Up APMEA 0 Outside India 0 India 99.91 Europe 0 Others 0.09