Hind Rectifiers Ltd.

Financial

	Hind Rectifiers	IKIO Technologies	Salzer Electronics
Operational Metrics
Infrastructure
Order Book as a % of Sales	117.6 %	n/a	n/a
Financials
5 yr Average ROE	7.25 %	39.6 %	8.1 %
5yr average Equity Multiplier	2.47	2.51	2.1
5yr Average Asset Turnover Ratio	1.38	1.17	1.05
5yr Avg Net Profit Margin	2.13 %	13.24 %	3.68 %
Price to Book	13.65	2.9	2.96
P/E	58.53	52.66	35.02
5yr Avg Cash Conversion Cycle	74.29 Days	145.17 Days	140.15 Days
Inventory Days	76.36 Days	91.77 Days	84.34 Days
Days Receivable	55.26 Days	70.66 Days	97.14 Days
Days Payable	56.76 Days	56.58 Days	39.14 Days
5yr Average Interest Coverage Ratio	2.17	9.67	2.69
5yr Avg ROCE	18.41 %	42.33 %	15.76 %
5yr Avg Operating Profit Margin	7.66 %	21.13 %	9.76 %
5 yr average Debt to Equity	0.89	0.86	0.65
5yr CAGR Net Profit	-7.51 %	23.12 %	11.1 %
5yr Average Return on Assets	2.96 %	15.23 %	3.87 %
Shareholdings
Promoter Holding	43.98 %	72.5 %	37.54 %
Share Pledged by Promoters	0.0	0.0	17.16 %
Change in Promoter Holding (3 Yrs)	1.73 %	0.04 %	5.2 %
Change in Mutual Fund Holding (3 Yrs)	0.0	-3.77 %	0.0

Business

	Hind Rectifiers	IKIO Technologies	Salzer Electronics
Product Wise Break-Up	Product Wise Break-Up Electric Motors 47.0 Electrical equipment 43.0 ODM (Original Design Manufacturer) 0 ABS Pipes 0 Transformers 0 Energy management 0 Building segment 0 Industrial Switchgear 0 Wire and cable 0 Others 10.0	Product Wise Break-Up LED 34.11 Building segment 0 Electric Motors 0 Electrical equipment 0 Transformers 0 Industrial Switchgear 0 Wire and cable 0 ABS Pipes 0 Energy management 0 Others 65.89	Product Wise Break-Up ODM (Original Design Manufacturer) 0 Construction 5.5 Electric Motors 0 Electrical equipment 0 Transformers 0 Industrial Switchgear 56.4 Wire & Cables 38.1 ABS Pipes 0 Energy management 0
Location Wise Break-Up	Location Wise Break-Up India 98.0 Rest of the World 2.0 Middle East 0 Asia Ex India 0 USA 0 Europe 0	Location Wise Break-Up India 78.0 Middle East 0 Europe 0 Rest of the World 0 USA 0 Asia Ex India 0 Others 22.0	Location Wise Break-Up India 76.12 Middle East 1.6 Europe 5.0 Rest of the World 0 USA 5.89 Asia Pacific 11.39