TVS Motor Company Ltd. benchmarking: Performance to industry peers

Financial

	TVS Motor Company	Eicher Motors	Hero MotoCorp
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	590003.0 .	114032.0 .	541159.0 .
Automobiles Sold - Monthly - Domestic	417648.0 .	102930.0 .	502890.0 .
Automobiles Sold - Monthly - Export	172355.0 .	11102.0 .	38269.0 .
Two Wheelers Sold - Monthly - Domestic	411014.0 .	102930.0 .	502890.0 .
Three Wheelers Sold - Monthly - Domestic	6634.0 .	n/a	n/a
Unclassified
R&D as a % of Total Sales	2.82 %	3.0 %	2.54 %
Financials
5 yr Average ROE	24.81 %	17.78 %	18.86 %
5yr average Equity Multiplier	6.01	1.28	1.52
5yr Average Asset Turnover Ratio	0.94	0.68	1.34
5yr Avg Net Profit Margin	4.41 %	20.24 %	9.22 %
Price to Book	17.99	8.05	4.58
P/E	57.01	40.1	18.79
5yr Avg Cash Conversion Cycle	-60.92 Days	-44.49 Days	-34.28 Days
Inventory Days	19.54 Days	30.75 Days	17.55 Days
Days Receivable	14.23 Days	8.86 Days	26.31 Days
Days Payable	92.45 Days	86.27 Days	75.06 Days
5yr Average Interest Coverage Ratio	2.55	115.72	66.6
5yr Avg ROCE	22.53 %	20.19 %	23.28 %
5yr Avg Operating Profit Margin	13.56 %	23.3 %	12.73 %
5 yr average Debt to Equity	3.54	0.01	0.02
5yr CAGR Net Profit	31.87 %	28.58 %	8.46 %
5yr Average Return on Assets	4.15 %	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)	0.0	-0.14 %	-0.04 %
Change in Mutual Fund Holding (3 Yrs)	-4.25 %	3.07 %	1.13 %

	TVS Motor Company	Eicher Motors	Hero MotoCorp
Product Wise Break-Up	Product Wise Break-Up Financial services 12.84 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 87.16	Product Wise Break-Up Parts & Accessories 0 2 Wheeler 86.45 Components 0 Three-wheeler 0 Accessories 5.91 Spare Parts & Accessories 7.1 Motorcycles, Scooters, Mopeds 0 Spare parts 0 Financial services 0 Others 0.54	Product Wise Break-Up Parts & Accessories 0 2 Wheeler 84.14 Components 0 Three-wheeler 0 Accessories and other allied products 0 Spare parts and other components 0 Motorcycles, Scooters, Mopeds 0 Spare Parts & Accessories 15.86 Financial services 0
Segment Break-Up	Segment Break-Up Automobiles 87.74 Financial Services 12.26 Auto Components 0	-	-
Location Wise Break-Up	Location Wise Break-Up India 78.09 Rest of the World 21.91	Location Wise Break-Up India 85.54 Rest of the World 14.46	Location Wise Break-Up India 90.95 Rest of the World 9.05
Operating Profit Break-Up	Operating Profit Break-Up Auto Ancillary 74.96 Financial Services 25.04 Automotive Components 0	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Financial Services 62.74 Automotive Vehicles & Parts 37.26 Auto Components 0	-	-