Tata Motors Ltd. benchmarking: Performance to industry peers

Financial

	Tata Motors	Ashok Leyland	Force Motors
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	40805.0 .	19194.0 .	3568.0 .
Automobiles Sold - Monthly - Export	4206.0 .	1282.0 .	21.0 .
Commercial Vehicles Sold - Monthly - Domestic	36599.0 .	17912.0 .	n/a
Light Commercial Vehicles Sold - Monthly - Domestic	26954.0 .	6781.0 .	3547.0 .
MHCV Sold - Monthly - Domestic	9645.0 .	11131.0 .	n/a
Financials
5 yr Average ROE	11.89 %	13.49 %	10.15 %
5yr average Equity Multiplier	4.37	6.38	1.91
5yr Average Asset Turnover Ratio	0.8	0.62	1.19
5yr Avg Net Profit Margin	1.8 %	2.52 %	1.82 %
Price to Book	12.49	6.78	5.9
P/E	52.51	27.07	20.45
5yr Avg Cash Conversion Cycle	-51.2 Days	-31.41 Days	9.1 Days
Inventory Days	11.86 Days	31.29 Days	65.45 Days
Days Receivable	11.84 Days	26.76 Days	6.29 Days
Days Payable	43.38 Days	103.27 Days	71.46 Days
5yr Average Interest Coverage Ratio	3.17	1.7	11.44
5yr Avg ROCE	-165.82 %	12.2 %	9.4 %
5yr Avg Operating Profit Margin	4.48 %	14.3 %	7.17 %
5 yr average Debt to Equity	0.19	3.7	0.34
5yr CAGR Net Profit	n/a	n/a	n/a
5yr Average Return on Assets	-36.3 %	1.71 %	4.26 %
Shareholdings
Promoter Holding	42.56 %	51.51 %	61.63 %
Share Pledged by Promoters	0.0	40.1 %	0.0
Change in Promoter Holding (3 Yrs)	42.56 %	-0.02 %	0.0
Change in Mutual Fund Holding (3 Yrs)	10.59 %	-6.6 %	-0.63 %

	Tata Motors	Ashok Leyland	Force Motors
Product Wise Break-Up	Product Wise Break-Up Commercial Vehicles 99.66 Financial service 0 Spare parts and others 0 Ferrous castings and patterns 0 Engines and gensets 0 Manufacture of motor vehicle engines 0 Manufacture of commercial vehicles 0 Others 0.34	Product Wise Break-Up Commercial Vehicles 87.48 Ferrous castings and patterns 0 Financial Services 12.52 Engines and gensets 0 Spare parts and others 0 Manufacture of motor vehicle engines 0 Manufacture of commercial vehicles 0	Product Wise Break-Up Commercial Vehicles 0 Ferrous castings and patterns 0 Financial service 0 Engines and gensets 0 Spare parts and others 0 Engines 32.36 Light Commercial Vehicles 55.44 Others 12.2