Hero MotoCorp Ltd.

Financial

	Hero MotoCorp	TVS Motor	Eicher Motors
Operational Metrics
Automobile Sector
Total Automobiles Sold - Monthly	533585.0 .	383615.0 .	81870.0 .
Automobiles Sold - Monthly - Domestic	513296.0 .	303107.0 .	72866.0 .
Automobiles Sold - Monthly - Export	20289.0 .	80508.0 .	6832.0 .
Two Wheeler
Two Wheelers Sold - Monthly - Domestic	513296.0 .	301449.0 .	72866.0 .
Unclassified
R&D as a % of Total Sales	1.6 %	1.88 %	2.18 %
Financials
5 yr Average ROE	20.38 %	19.63 %	17.51 %
5yr average Equity Multiplier	1.5	5.86	1.27
5yr Average Asset Turnover Ratio	1.41	0.98	0.72
5yr Avg Net Profit Margin	9.61 %	3.43 %	18.87 %
Price to Book	5.52	14.48	7.06
P/E	26.1	58.26	31.86
5yr Avg Cash Conversion Cycle	-26.94 Days	-51.36 Days	-41.27 Days
Inventory Days	16.52 Days	22.43 Days	27.79 Days
Days Receivable	25.57 Days	13.75 Days	8.43 Days
Days Payable	67.47 Days	92.36 Days	85.23 Days
5yr Average Interest Coverage Ratio	83.71	2.22	188.35
5yr Avg ROCE	23.68 %	18.47 %	21.7 %
5yr Avg Operating Profit Margin	14.68 %	11.91 %	28.57 %
5 yr average Debt to Equity	0.02	3.38	0.01
5yr CAGR Net Profit	-3.99 %	13.52 %	5.76 %
5yr Average Return on Assets	13.6 %	3.36 %	13.77 %
Shareholdings
Promoter Holding	34.76 %	50.27 %	49.15 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-7.13 %	-0.08 %
Change in Mutual Fund Holding (3 Yrs)	9.37 %	5.13 %	0.72 %

Business

	Hero MotoCorp	TVS Motor	Eicher Motors
Product Wise Break-Up	Product Wise Break-Up 2 Wheeler 83.14 Spare Parts & Accessories 14.34 Components 0 Parts & Accessories 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Accessories and other allied products 0 Spare parts and other components 0 Others 2.52	Product Wise Break-Up Accessories and other allied products 0 Three-wheeler 0 Components 0 Spare parts and other components 0 2 Wheelers 77.7 2 Wheeler 0 Spare Parts & Accessories 0 Parts & Accessories 8.67 Others 13.63	Product Wise Break-Up Accessories 5.6 Three-wheeler 0 Components 0 Spare Parts & Accessories 7.06 Motorcycles, Scooters, Mopeds 0 2 Wheeler 0 Spare Parts & Accessories 0 Parts & Accessories 0 Others 87.34
Location Wise Break-Up	Location Wise Break-Up India 95.64 Rest of the World 4.36	Location Wise Break-Up India 75.86 Rest of the World 24.14	Location Wise Break-Up India 85.6 Rest of the World 14.4
Asset Break-Up	Asset Break-Up India 96.04 Outside India 3.96 Overseas 0 Domestic 0	-	Asset Break-Up Outside India 0 India 0 Overseas 21.48 Domestic 78.52