Bharat Electronics Ltd.

Financial

	Bharat Electronics	Hindustan Aeron	Bharat Dynamics
Operational Metrics
Engineering & Capital Goods
Annualized Order Inflows	19000.0 Crs	n/a	1793.0 Crs
Unclassified
R&D as a % of Total Sales	6.1 %	9.3 %	n/a
Infrastructure
Order Book as a % of Sales	202.39 %	159.12 %	820.35 %
Financials
5 yr Average ROE	20.51 %	23.99 %	14.89 %
5yr average Equity Multiplier	2.52	3.15	2.4
5yr Average Asset Turnover Ratio	0.5	0.42	0.36
5yr Avg Net Profit Margin	16.21 %	19.0 %	17.69 %
Price to Book	14.43	9.61	17.37
P/E	54.16	40.2	126.72
5yr Avg Cash Conversion Cycle	133.58 Days	100.4 Days	71.04 Days
Inventory Days	121.6 Days	236.53 Days	149.13 Days
Days Receivable	129.89 Days	56.08 Days	38.13 Days
Days Payable	123.62 Days	106.52 Days	123.52 Days
5yr Average Interest Coverage Ratio	330.0	90.62	93.8
5yr Avg ROCE	25.7 %	19.38 %	14.17 %
5yr Avg Operating Profit Margin	22.05 %	25.04 %	21.47 %
5 yr average Debt to Equity	0.0	0.09	0.0
5yr CAGR Net Profit	16.92 %	21.46 %	2.75 %
5yr Average Return on Assets	8.17 %	7.86 %	6.32 %
Shareholdings
Promoter Holding	51.14 %	71.64 %	74.93 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-3.51 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-6.72 %	-3.52 %	-4.02 %

Business

	Bharat Electronics	Hindustan Aeron	Bharat Dynamics
Product Wise Break-Up	Product Wise Break-Up Electronics 100.0 Repair & Overhaul Helicopters 0 Spares 0 0 Defense 0	Product Wise Break-Up Defense 0 Spare Parts & Accessories 19.47 Sale of Aircraft & Helicopters 18.65 Repair & Overhaul Helicopters 46.85 Electronics 0 Others 15.03	Product Wise Break-Up Defence 100.0 Spares 0 0 Repair & Overhaul Helicopters 0 Electronics 0
Location Wise Break-Up	Location Wise Break-Up India 96.02 Rest of the World 3.98	Location Wise Break-Up Rest of the World 1.1 India 98.9	Location Wise Break-Up Rest of the World 0 India 96.0 Others 4.0
Verticals	Verticals Defence 89.76 Non-Defense 10.24	-	-