Bosch Ltd.

Financial

	Bosch	Hero MotoCorp	TVS Motor
Operational Metrics
Unclassified
R&D as a % of Total Sales	3.0 %	1.6 %	1.88 %
Financials
5 yr Average ROE	10.76 %	20.38 %	19.63 %
5yr average Equity Multiplier	1.45	1.5	5.86
5yr Average Asset Turnover Ratio	0.81	1.41	0.98
5yr Avg Net Profit Margin	8.94 %	9.61 %	3.43 %
Price to Book	8.47	6.29	16.38
P/E	40.98	29.71	65.89
5yr Avg Cash Conversion Cycle	-9.35 Days	-26.94 Days	-51.36 Days
Inventory Days	44.89 Days	16.52 Days	22.43 Days
Days Receivable	42.02 Days	25.57 Days	13.75 Days
Days Payable	107.25 Days	67.47 Days	92.36 Days
5yr Average Interest Coverage Ratio	103.7	83.71	2.22
5yr Avg ROCE	17.47 %	23.68 %	18.47 %
5yr Avg Operating Profit Margin	18.3 %	14.68 %	11.91 %
5 yr average Debt to Equity	0.0	0.02	3.38
5yr CAGR Net Profit	-2.26 %	-3.99 %	13.52 %
5yr Average Return on Assets	7.45 %	13.6 %	3.36 %
Shareholdings
Promoter Holding	70.54 %	34.76 %	50.27 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	-7.13 %
Change in Mutual Fund Holding (3 Yrs)	3.96 %	9.37 %	5.13 %

Business

	Bosch	Hero MotoCorp	TVS Motor
Segment Break-Up	Segment Break-Up Automotive Products 82.87 Consumer Goods 12.36 Business Beyond Mobility 0 Financial Services 0 Auto Components 0 Automotive Vehicles & Parts 0 Others 4.77	-	Segment Break-Up Consumer Goods 0 Business Beyond Mobility 0 Financial Services 14.95 Automotive Products 0 Auto Ancillary 1.99 Automobiles 83.02 Others 0.04
Location Wise Break-Up	Location Wise Break-Up India 91.28 Rest of the World 8.72	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	Location Wise Break-Up India 91.28 Rest of the World 8.72	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
Operating Profit Break-Up	Operating Profit Break-Up Auto Ancillary 85.53 Consumer Goods 10.52 Financial Services 0 Automotive Components 0 Automotive vehicles & parts 0 Others 3.95	-	Operating Profit Break-Up Consumer Goods 0 Financial Services 23.99 Auto Ancillary 0 Auto Ancillary 1.9 Auto Ancillary 74.11
Capex	Capex Bangalore 43.0 Bidadi 30.0 Nashik 13.0 Gangikodan 5.0 Jaipur 5.0 Naganathapura 3.0 Verna 0 Chennai 0 Others 1.0	-	-
Asset Break-Up	Asset Break-Up Auto Ancillary 29.79 Consumer Goods 2.57 Outside India 0 India 0 Others 67.64	Asset Break-Up Consumer Goods 0 Auto Ancillary 0 Outside India 3.96 India 96.04	-