TVS Motor Company Ltd. benchmarking: Perfomance to industry peers

Financial

	TVS Motor	Eicher Motors	Hero MotoCorp
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	543557.0 .	124951.0 .	687220.0 .
Automobiles Sold - Monthly - Domestic	427751.0 .	116844.0 .	647582.0 .
Automobiles Sold - Monthly - Export	115806.0 .	8107.0 .	39638.0 .
Two Wheelers Sold - Monthly - Domestic	421631.0 .	116844.0 .	647582.0 .
Three Wheelers Sold - Monthly - Domestic	6120.0 .	n/a	n/a
Unclassified
R&D as a % of Total Sales	2.82 %	3.0 %	2.54 %
Financials
5 yr Average ROE	21.6 %	17.78 %	18.86 %
5yr average Equity Multiplier	5.98	1.28	1.52
5yr Average Asset Turnover Ratio	0.92	0.68	1.34
5yr Avg Net Profit Margin	3.95 %	20.24 %	9.22 %
Price to Book	20.53	9.02	5.76
P/E	63.61	39.71	22.02
5yr Avg Cash Conversion Cycle	-62.94 Days	-44.49 Days	-34.28 Days
Inventory Days	21.17 Days	30.75 Days	17.55 Days
Days Receivable	14.72 Days	8.86 Days	26.31 Days
Days Payable	95.39 Days	86.27 Days	75.06 Days
5yr Average Interest Coverage Ratio	2.31	115.72	66.6
5yr Avg ROCE	19.68 %	20.19 %	23.28 %
5yr Avg Operating Profit Margin	12.9 %	23.3 %	12.73 %
5 yr average Debt to Equity	3.5	0.01	0.02
5yr CAGR Net Profit	30.34 %	28.58 %	8.46 %
5yr Average Return on Assets	3.61 %	13.91 %	12.34 %
Shareholdings
Promoter Holding	50.27 %	49.06 %	34.73 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.54 %	-0.15 %	-0.04 %
Change in Mutual Fund Holding (3 Yrs)	-4.23 %	4.22 %	3.37 %

	TVS Motor	Eicher Motors	Hero MotoCorp
Product Wise Break-Up	Product Wise Break-Up Financial services 14.82 Parts & Accessories 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Accessories and other allied products 0 Spare parts and other components 0 Two wheelers 0 Components 0 Spare parts 0 Others 85.18	Product Wise Break-Up Accessories 5.91 Spare parts 0 Three-wheeler 0 Spare Parts & Accessories 7.1 2 Wheeler 86.45 Financial services 0 Parts & Accessories 0 Components 0 Motorcycles, Scooters, Mopeds 0 Others 0.54	Product Wise Break-Up Accessories and other allied products 0 Spare Parts & Accessories 15.86 Three-wheeler 0 Spare parts and other components 0 2 Wheeler 84.14 Financial services 0 Parts & Accessories 0 Components 0 Motorcycles, Scooters, Mopeds 0
Segment Break-Up	Segment Break-Up Automobiles 87.28 Financial Services 12.72 Auto Components 0	-	-
Location Wise Break-Up	Location Wise Break-Up India 78.97 Rest of the World 21.03	Location Wise Break-Up Rest of the World 14.46 India 85.54	Location Wise Break-Up Rest of the World 9.05 India 90.95
Operating Profit Break-Up	Operating Profit Break-Up Auto Ancillary 78.75 Financial Services 21.25 Automotive Components 0	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Financial Services 63.89 Automotive Vehicles & Parts 36.11 Auto Components 0	-	-