Shanthi Gears Ltd.

Financial

	Shanthi Gears	Hi-Tech Gears	Sar Auto Products
Operational Metrics
Unclassified
R&D as a % of Total Sales	1.74 %	0.18 %	n/a
Financials
5 yr Average ROE	16.37 %	8.54 %	4.74 %
5yr average Equity Multiplier	1.32	2.73	1.46
5yr Average Asset Turnover Ratio	0.95	1.01	0.48
5yr Avg Net Profit Margin	12.55 %	3.44 %	6.64 %
Price to Book	10.72	2.37	53.65
P/E	40.7	23.88	0.0
5yr Avg Cash Conversion Cycle	41.87 Days	35.03 Days	454.12 Days
Inventory Days	79.72 Days	41.73 Days	22.32 Days
Days Receivable	63.35 Days	67.44 Days	44.1 Days
Days Payable	100.25 Days	91.25 Days	1293.15 Days
5yr Average Interest Coverage Ratio	197.0	2.42	10.83
5yr Avg ROCE	22.22 %	10.09 %	6.22 %
5yr Avg Operating Profit Margin	16.73 %	11.54 %	17.22 %
5 yr average Debt to Equity	0.0	1.19	0.39
5yr CAGR Net Profit	26.7 %	69.03 %	32.18 %
5yr Average Return on Assets	12.36 %	3.74 %	3.17 %
Shareholdings
Promoter Holding	70.47 %	56.18 %	74.67 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.04 %	0.66 %
Change in Mutual Fund Holding (3 Yrs)	0.4 %	0.0	0.0

Business

	Shanthi Gears	Hi-Tech Gears	Sar Auto Products
Product Wise Break-Up	Product Wise Break-Up Gear and Gear products 100.0 Transmission gears and shafts 0 Construction 0 Manufacturing 0	Product Wise Break-Up Construction 0 Gear and Gear products 0 Manufacturing 0 Transmission gears and shafts 100.0	Product Wise Break-Up Construction 0 Gear and Gear products 0 Manufacturing 100.0 Transmission gears and shafts 0
Location Wise Break-Up	Location Wise Break-Up India 92.61 Rest of the World 7.39 Europe 0 America 0 Canada 0	Location Wise Break-Up America 0 Rest of the World 0 Europe 0 India 72.57 Canada 27.43	Location Wise Break-Up America 0 Rest of the World 0.1 Europe 0 India 99.9 Canada 0
Asset Break-Up	Asset Break-Up India 100.0 Canada 0	Asset Break-Up Canada 36.42 India 63.5 Others 0.08	-