Hero MotoCorp Ltd. benchmarking: Perfomance to industry peers

Financial

	Hero MotoCorp	TVS Motor	Eicher Motors
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	635808.0 .	543557.0 .	124951.0 .
Automobiles Sold - Monthly - Domestic	604829.0 .	427751.0 .	116844.0 .
Automobiles Sold - Monthly - Export	30979.0 .	115806.0 .	8107.0 .
Two Wheelers Sold - Monthly - Domestic	604829.0 .	421631.0 .	116844.0 .
Unclassified
R&D as a % of Total Sales	2.54 %	2.82 %	3.0 %
Financials
5 yr Average ROE	18.86 %	21.6 %	17.78 %
5yr average Equity Multiplier	1.52	5.98	1.28
5yr Average Asset Turnover Ratio	1.34	0.92	0.68
5yr Avg Net Profit Margin	9.22 %	3.95 %	20.24 %
Price to Book	5.5	20.25	8.87
P/E	21.03	62.72	39.04
5yr Avg Cash Conversion Cycle	-34.28 Days	-62.94 Days	-44.49 Days
Inventory Days	17.55 Days	21.17 Days	30.75 Days
Days Receivable	26.31 Days	14.72 Days	8.86 Days
Days Payable	75.06 Days	95.39 Days	86.27 Days
5yr Average Interest Coverage Ratio	66.6	2.31	115.72
5yr Avg ROCE	23.28 %	19.68 %	20.19 %
5yr Avg Operating Profit Margin	12.73 %	12.9 %	23.3 %
5 yr average Debt to Equity	0.02	3.5	0.01
5yr CAGR Net Profit	8.46 %	30.34 %	28.58 %
5yr Average Return on Assets	12.34 %	3.61 %	13.91 %
Shareholdings
Promoter Holding	34.73 %	50.27 %	49.06 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.04 %	-0.54 %	-0.15 %
Change in Mutual Fund Holding (3 Yrs)	3.37 %	-4.23 %	4.22 %

	Hero MotoCorp	TVS Motor	Eicher Motors
Product Wise Break-Up	Product Wise Break-Up 2 Wheeler 84.14 Spare Parts & Accessories 15.86 Components 0 Financial services 0 Parts & Accessories 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Accessories and other allied products 0 Spare parts and other components 0	Product Wise Break-Up Accessories and other allied products 0 Spare parts and other components 0 Spare Parts & Accessories 0 Components 0 Financial services 14.82 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Parts & Accessories 0 2 Wheeler 0 Others 85.18	Product Wise Break-Up Accessories 5.91 Spare Parts & Accessories 7.1 Spare Parts & Accessories 0 Components 0 Financial services 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Parts & Accessories 0 2 Wheeler 0 Others 86.99
Location Wise Break-Up	Location Wise Break-Up India 90.95 Rest of the World 9.05	Location Wise Break-Up Rest of the World 21.03 India 78.97	Location Wise Break-Up Rest of the World 14.46 India 85.54
Asset Break-Up	Asset Break-Up India 95.61 Outside India 4.39 Overseas 0 Domestic 0	-	Asset Break-Up Outside India 0 India 0 Overseas 23.64 Domestic 76.36