TVS Motor Company Ltd.

Financial

	TVS Motor	Eicher Motors	Hero MotoCorp
Operational Metrics
Automobile Sector
Total Automobiles Sold - Monthly	401250.0 .	82257.0 .	459805.0 .
Automobiles Sold - Monthly - Export	93755.0 .	10021.0 .	20028.0 .
Automobiles Sold - Monthly - Domestic	307495.0 .	72236.0 .	439777.0 .
Three Wheeler
Three Wheelers Sold - Monthly - Domestic	2172.0 .	n/a	n/a
Two Wheeler
Two Wheelers Sold - Monthly - Domestic	305323.0 .	72236.0 .	439777.0 .
Unclassified
R&D as a % of Total Sales	2.02 %	3.0 %	2.15 %
Financials
5 yr Average ROE	20.15 %	17.0 %	19.37 %
5yr average Equity Multiplier	6.04	1.27	1.5
5yr Average Asset Turnover Ratio	0.93	0.69	1.34
5yr Avg Net Profit Margin	3.59 %	19.21 %	9.57 %
Price to Book	15.18	6.86	4.62
P/E	62.41	30.51	21.21
5yr Avg Cash Conversion Cycle	-53.88 Days	-41.76 Days	-32.33 Days
Inventory Days	22.07 Days	29.83 Days	17.48 Days
Days Receivable	14.43 Days	8.12 Days	25.41 Days
Days Payable	94.7 Days	85.29 Days	71.74 Days
5yr Average Interest Coverage Ratio	2.18	118.83	69.58
5yr Avg ROCE	18.88 %	20.07 %	22.55 %
5yr Avg Operating Profit Margin	12.34 %	23.07 %	12.57 %
5 yr average Debt to Equity	3.54	0.01	0.02
5yr CAGR Net Profit	21.97 %	16.97 %	0.58 %
5yr Average Return on Assets	3.32 %	13.36 %	12.91 %
Shareholdings
Promoter Holding	50.27 %	49.1 %	34.75 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.99 %	-0.12 %	-0.01 %
Change in Mutual Fund Holding (3 Yrs)	-0.23 %	4.53 %	7.19 %

Business

	TVS Motor	Eicher Motors	Hero MotoCorp
Product Wise Break-Up	Product Wise Break-Up 2 Wheelers 77.32 Parts & Accessories 8.31 Three-wheeler 0 Accessories and other allied products 0 Spare parts and other components 0 Two wheelers 0 Components 0 Spare parts 0 Others 14.37	Product Wise Break-Up Spare parts 0 Three-wheeler 0 Parts & Accessories 0 2 Wheelers 0 2 Wheeler 86.41 Spare Parts & Accessories 7.22 Components 0 Accessories 5.81 Others 0.56	Product Wise Break-Up Spare Parts & Accessories 15.69 Three-wheeler 0 Parts & Accessories 0 2 Wheelers 0 2 Wheeler 84.31 Spare parts and other components 0 Components 0 Accessories and other allied products 0
Segment Break-Up	Segment Break-Up Automobiles 83.8 Financial Services 14.27 Auto Ancillary 1.93	-	-
Location Wise Break-Up	Location Wise Break-Up India 79.51 Rest of the World 20.49	Location Wise Break-Up Rest of the World 12.02 India 87.98	Location Wise Break-Up Rest of the World 4.72 India 95.28
Operating Profit Break-Up	Operating Profit Break-Up Auto Ancillary 77.13 Financial Services 21.83 Auto Ancillary 1.04	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Financial Services 68.36 Automotive Vehicles & Parts 30.69 Auto Components 0.95	-	-