Eicher Motors Ltd. benchmarking: Performance to industry peers

Financial

	Eicher Motors	TVS Motor	Bajaj Auto
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	112334.0 .	519358.0 .	445377.0 .
Automobiles Sold - Monthly - Domestic	100406.0 .	377915.0 .	266290.0 .
Automobiles Sold - Monthly - Export	11928.0 .	141443.0 .	179087.0 .
Two Wheelers Sold - Monthly - Domestic	100406.0 .	372383.0 .	221021.0 .
Two Wheelers Sold (250cc - 350cc) - Domestic	97933.0 Nos	n/a	n/a
Two Wheelers Sold (Over 350 cc) - Domestic	14401.0 Nos	n/a	n/a
Realization / Motorcyle	188155.67 Rs	n/a	n/a
Unclassified
R&D as a % of Total Sales	3.0 %	2.82 %	1.3 %
Financials
5 yr Average ROE	17.78 %	21.6 %	21.31 %
5yr average Equity Multiplier	1.28	5.98	1.3
5yr Average Asset Turnover Ratio	0.68	0.92	0.98
5yr Avg Net Profit Margin	20.24 %	3.95 %	16.85 %
Price to Book	8.19	20.4	7.32
P/E	33.77	57.2	28.14
5yr Avg Cash Conversion Cycle	-44.49 Days	-62.94 Days	-33.56 Days
Inventory Days	30.75 Days	21.17 Days	14.42 Days
Days Receivable	8.86 Days	14.72 Days	14.93 Days
Days Payable	86.27 Days	95.39 Days	61.09 Days
5yr Average Interest Coverage Ratio	115.72	2.31	443.37
5yr Avg ROCE	20.19 %	19.68 %	25.21 %
5yr Avg Operating Profit Margin	23.3 %	12.9 %	18.23 %
5 yr average Debt to Equity	0.01	3.5	0.07
5yr CAGR Net Profit	28.58 %	30.34 %	8.56 %
5yr Average Return on Assets	13.91 %	3.61 %	16.48 %
Shareholdings
Promoter Holding	49.06 %	50.27 %	54.99 %
Share Pledged by Promoters	0.0	0.0	0.01 %
Change in Promoter Holding (3 Yrs)	-0.15 %	0.0	0.01 %
Change in Mutual Fund Holding (3 Yrs)	3.62 %	-4.89 %	3.19 %

	Eicher Motors	TVS Motor	Bajaj Auto
Product Wise Break-Up	Product Wise Break-Up 2 Wheeler 86.45 Spare Parts & Accessories 7.1 Accessories 5.91 Financial services 0 Parts & Accessories 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Financing 0 Investment and others 0 Automotive 0 Others 0.54	Product Wise Break-Up Financing 0 Motorcycles, Scooters, Mopeds 0 Accessories 0 Spare Parts & Accessories 0 Investment and others 0 2 Wheeler 0 Automotive 0 Parts & Accessories 0 Financial services 14.82 Three-wheeler 0 Others 85.18	Product Wise Break-Up Financing 5.46 Motorcycles, Scooters, Mopeds 0 Accessories 0 Spare Parts & Accessories 0 Investment services 1.82 2 Wheeler 0 Automobile 92.72 Parts & Accessories 0 Financial services 0 Three-wheeler 0
Location Wise Break-Up	Location Wise Break-Up India 85.54 Rest of the World 14.46 Latin America 0 Africa 0 Asia Pacific 0	Location Wise Break-Up Africa 0 Asia Pacific 0 Latin America 0 India 78.97 Rest of the World 21.03	Location Wise Break-Up Africa 0 Asia Pacific 0 Latin America 0 India 68.97 Rest of the World 0 Others 31.03
Asset Break-Up	Asset Break-Up Domestic 76.36 Overseas 23.64 Rest of the World 0 India 0	-	Asset Break-Up Rest of the World 11.86 Domestic 0 India 88.14 Overseas 0