Ashok Leyland Ltd.

Financial

	Ashok Leyland	Atul Auto	Tata Motors
Operational Metrics
Automobile Sector
Total Automobiles Sold - Monthly	14271.0 .	1692.0 .	125810.67 .
Automobiles Sold - Monthly - Domestic	13446.0 .	n/a	76399.0 .
Automobiles Sold - Monthly - Export	825.0 .	n/a	1122.0 .
Commercial Vehicle
Commercial Vehicles Sold - Monthly - Domestic	13446.0 .	n/a	28516.0 .
Light Commercial Vehicles Sold - Monthly - Domestic	4835.0 .	n/a	20641.0 .
MHCV Sold - Monthly - Domestic	8611.0 .	n/a	7875.0 .
Unclassified
R&D as a % of Total Sales	0.34 %	0.79 %	n/a
Financials
5 yr Average ROE	7.12 %	5.53 %	-22.35 %
5yr average Equity Multiplier	5.41	1.5	6.16
5yr Average Asset Turnover Ratio	0.65	1.14	0.89
5yr Avg Net Profit Margin	1.71 %	1.37 %	-4.59 %
Price to Book	6.56	3.93	6.27
P/E	24.46	211.78	17.34
5yr Avg Cash Conversion Cycle	-29.99 Days	15.0 Days	-51.44 Days
Inventory Days	32.75 Days	44.51 Days	48.62 Days
Days Receivable	32.16 Days	16.61 Days	14.87 Days
Days Payable	108.84 Days	48.79 Days	132.3 Days
5yr Average Interest Coverage Ratio	1.65	29.17	-0.73
5yr Avg ROCE	11.51 %	9.52 %	3.39 %
5yr Avg Operating Profit Margin	13.42 %	5.13 %	10.34 %
5 yr average Debt to Equity	3.0	0.24	2.4
5yr CAGR Net Profit	-9.8 %	-40.8 %	n/a
5yr Average Return on Assets	1.45 %	4.65 %	-4.02 %
Shareholdings
Promoter Holding	51.52 %	42.73 %	46.36 %
Share Pledged by Promoters	22.1 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.02 %	-9.97 %	-0.05 %
Change in Mutual Fund Holding (3 Yrs)	-3.92 %	-5.29 %	4.2 %

Business

	Ashok Leyland	Atul Auto	Tata Motors
Product Wise Break-Up	Product Wise Break-Up Commercial Vehicles 88.83 Financial Services 11.17 Spare parts and others 0 Ferrous castings and patterns 0 Engines and gensets 0 Spares 0 E-Rickshaw 0 Passenger 0 Cargo 0 Vehicle financing 0 Jaguar Land Rover 0 Passenger Vehicle 0 Commercial Vehicle 0	Product Wise Break-Up Financial Services 0 Spare Parts & Accessories 8.2 Jaguar Land Rover 0 Passenger Vehicle 0 Ferrous castings and patterns 0 E-Rickshaw 11.94 Cargo 43.22 Commercial Vehicle 0 Passenger Services 36.64 Commercial Vehicles 0 Engines and gensets 0 Vehicle financing 0 Spare parts and others 0	Product Wise Break-Up Financial Services 0 Spares 0 Jaguar Land Rover 69.26 4 Wheeler 11.66 Ferrous castings and patterns 0 E-Rickshaw 0 Cargo 0 Commercial Vehicles 18.18 Passenger 0 Commercial Vehicles 0 Engines and gensets 0 Auto Loans 0.9 Spare parts and others 0
Location Wise Break-Up	Location Wise Break-Up India 91.28 Rest of the World 8.72 China 0 Rest of Europe 0 UK 0 USA 0	Location Wise Break-Up Rest of Europe 0 UK 0 India 91.23 USA 0 Rest of the World 8.77 China 0	Location Wise Break-Up Europe 12.35 UK 9.58 India 32.98 USA 15.83 Rest of the World 0 China 13.69 Others 15.57
Operating Profit Break-Up	Operating Profit Break-Up Commercial Vehicles 80.62 Financial Services 19.38 Non banking financial 0 Automobiles 0 Jaguar & Land Rover 0 Vehicle Financing 0 Passenger Vehicle 0 Commercial Vehicle 0	Operating Profit Break-Up Financial Services 0 Vehicle Financing 0 Passenger Vehicle 0 Automobiles 74.9 Non banking financial 25.1 Commercial Vehicle 0 Commercial Vehicles 0 Jaguar & Land Rover 0	Operating Profit Break-Up Financial Services 0 Vehicle Financing 0 Passenger Vehicle 3.12 Automobiles 0 Non banking financial 0 Commercial Vehicle 19.65 Commercial Vehicles 0 Jaguar & Land Rover 77.22 Others 0.01
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Financial Services 64.82 Commercial Vehicle 35.18	-	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise Others 100	-	-

Ashok Leyland Ltd.

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