UCAL Ltd.

Financial

	UCAL	Shigan Quantum Tech.	Swaraj Engines
Operational Metrics
Unclassified
R&D as a % of Total Sales	1.94 %	n/a	0.3 %
Financials
5 yr Average ROE	7.56 %	17.5 %	35.07 %
5yr average Equity Multiplier	2.13	2.41	1.54
5yr Average Asset Turnover Ratio	1.03	2.03	2.4
5yr Avg Net Profit Margin	3.38 %	3.54 %	9.46 %
Price to Book	1.06	0.0	9.27
P/E	0.0	40.81	24.77
5yr Avg Cash Conversion Cycle	15.29 Days	46.6 Days	-2.83 Days
Inventory Days	44.82 Days	72.7 Days	18.6 Days
Days Receivable	47.86 Days	13.09 Days	31.93 Days
Days Payable	94.68 Days	56.9 Days	57.21 Days
5yr Average Interest Coverage Ratio	2.27	4.61	2318.86
5yr Avg ROCE	13.65 %	28.9 %	45.94 %
5yr Avg Operating Profit Margin	12.35 %	7.06 %	14.4 %
5 yr average Debt to Equity	0.65	0.53	0.0
5yr CAGR Net Profit	-54.95 %	4.68 %	14.18 %
5yr Average Return on Assets	3.48 %	7.52 %	22.76 %
Shareholdings
Promoter Holding	70.28 %	69.92 %	52.12 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.05 %	-3.71 %	-0.04 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.59 %

Business

	UCAL	Shigan Quantum Tech.	Swaraj Engines
Product Wise Break-Up	Product Wise Break-Up Carburettors 83.77 Air Suction valves 0 Pumps 0 0 Spares 0 Engine Components 0 Engines 0 Others 16.23	Product Wise Break-Up Pumps 0 Fuel Injection System 100.0 Spares 0 Engine Components 0 Carburettors 0 Air Suction valves 0 Engines 0	Product Wise Break-Up Pumps 0 0 Spare Parts & Accessories 2.34 Engine Components 0 Carburettors 0 Air Suction valves 0 Engine 97.2 Others 0.46
Location Wise Break-Up	Location Wise Break-Up India 97.3 Others 2.7	Location Wise Break-Up India 99.95 Others 0.05	Location Wise Break-Up India 100.0