TVS Motor Company Ltd.

Financial

	TVS Motor	Hero MotoCorp	Eicher Motors
Operational Metrics
Automobile Sector
Total Automobiles Sold - Monthly	333646.0 .	498123.0 .	71010.0 .
Automobiles Sold - Monthly - Domestic	257572.0 .	479450.0 .	63531.0 .
Automobiles Sold - Monthly - Export	76074.0 .	18673.0 .	7479.0 .
Three Wheeler
Three Wheelers Sold - Monthly - Domestic	1838.0 .	n/a	n/a
Two Wheeler
Two Wheelers Sold - Monthly - Domestic	255734.0 .	479450.0 .	63531.0 .
Unclassified
R&D as a % of Total Sales	1.88 %	1.6 %	2.18 %
Financials
5 yr Average ROE	19.63 %	20.38 %	17.51 %
5yr average Equity Multiplier	5.86	1.5	1.27
5yr Average Asset Turnover Ratio	0.98	1.41	0.72
5yr Avg Net Profit Margin	3.43 %	9.61 %	18.87 %
Price to Book	16.56	6.3	7.09
P/E	66.63	29.8	31.97
5yr Avg Cash Conversion Cycle	-51.36 Days	-26.94 Days	-41.27 Days
Inventory Days	22.43 Days	16.52 Days	27.79 Days
Days Receivable	13.75 Days	25.57 Days	8.43 Days
Days Payable	92.36 Days	67.47 Days	85.23 Days
5yr Average Interest Coverage Ratio	2.22	83.71	188.35
5yr Avg ROCE	18.47 %	23.68 %	21.7 %
5yr Avg Operating Profit Margin	11.91 %	14.68 %	28.57 %
5 yr average Debt to Equity	3.38	0.02	0.01
5yr CAGR Net Profit	13.52 %	-3.99 %	5.76 %
5yr Average Return on Assets	3.36 %	13.6 %	13.77 %
Shareholdings
Promoter Holding	50.27 %	34.76 %	49.15 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-7.13 %	0.0	-0.08 %
Change in Mutual Fund Holding (3 Yrs)	5.13 %	9.37 %	0.72 %

Business

	TVS Motor	Hero MotoCorp	Eicher Motors
Product Wise Break-Up	Product Wise Break-Up 2 Wheelers 77.7 Parts & Accessories 8.67 Three-wheeler 0 Two wheelers 0 Components 0 Spare parts 0 Accessories and other allied products 0 Spare parts and other components 0 Others 13.63	Product Wise Break-Up Parts & Accessories 0 2 Wheeler 83.14 2 Wheelers 0 Spare Parts & Accessories 14.34 Components 0 Spare parts and other components 0 Three-wheeler 0 Accessories and other allied products 0 Others 2.52	Product Wise Break-Up Parts & Accessories 0 2 Wheeler 86.89 2 Wheelers 0 Spare parts 0 Components 0 Spare Parts & Accessories 7.06 Three-wheeler 0 Accessories 5.6 Others 0.45
Segment Break-Up	Segment Break-Up Automobiles 83.02 Financial Services 14.95 Auto Ancillary 1.99 Others 0.04	-	-
Location Wise Break-Up	Location Wise Break-Up India 75.86 Rest of the World 24.14	Location Wise Break-Up Rest of the World 4.36 India 95.64	Location Wise Break-Up Rest of the World 14.4 India 85.6
Operating Profit Break-Up	Operating Profit Break-Up Auto Ancillary 74.11 Financial Services 23.99 Auto Ancillary 1.9	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Financial Services 0 Auto Components 0 Automotive Vehicles & Parts 0 Others 100	-	-