V.S.T. Tillers Tractors Ltd.

Financial

	VST Tillers Tractors	Honda India Power	Garden Reach Ship
Operational Metrics
Reapers
Total Farm Equipment Sold - Reapers	1964.0	n/a	n/a
Realization/Unit - Reapers	106515.0 Rs/Unit	n/a	n/a
Rice Transplanter
Total Farm Equipment Sold - Rice Transplanter	278.0	n/a	n/a
Realization/Unit - Rice Transplanter	151605.0 Rs/Unit	n/a	n/a
Tillers
Realization/Unit - Tillers	154221.25 Rs/Unit	n/a	n/a
Total Farm Equipment Sold - Monthly - Tiller	3128.0 .	n/a	n/a
Tractor
Total Farm Equipment Sold - Monthly - Tractors	582.0 .	n/a	n/a
Realization/Unit - Tractor	401294.55 Rs/Unit	n/a	n/a
Financials
5 yr Average ROE	9.8 %	10.57 %	14.2 %
5yr average Equity Multiplier	1.29	1.27	5.88
5yr Average Asset Turnover Ratio	0.85	1.27	0.24
5yr Avg Net Profit Margin	8.7 %	6.59 %	10.5 %
Price to Book	3.89	4.7	16.46
P/E	29.58	41.36	77.09
5yr Avg Cash Conversion Cycle	18.8 Days	21.77 Days	-179.52 Days
Inventory Days	51.29 Days	58.07 Days	181.24 Days
Days Receivable	37.69 Days	23.13 Days	14.41 Days
Days Payable	49.18 Days	49.33 Days	1195.6 Days
5yr Average Interest Coverage Ratio	51.02	132.48	61.65
5yr Avg ROCE	12.78 %	15.41 %	17.62 %
5yr Avg Operating Profit Margin	14.81 %	11.62 %	17.71 %
5 yr average Debt to Equity	0.0	0.0	0.04
5yr CAGR Net Profit	14.93 %	9.46 %	15.72 %
5yr Average Return on Assets	7.53 %	8.38 %	2.46 %
Shareholdings
Promoter Holding	55.63 %	66.67 %	74.5 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.86 %	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	4.52 %	4.4 %	-8.58 %

Business

	VST Tillers Tractors	Honda India Power	Garden Reach Ship
Product Wise Break-Up	Product Wise Break-Up Power Tillers 55.03 Tractor Segment 25.38 Reapers 0 Rice Transplanters 0 Tillers/Back Pack Sprayer 0 Water Pumps 0 Engines 0 Generators 0 Diesel engines 0 Ship repair 0 General engineering 0 Bailey bridge 0 B & D spares 0 Shipbuilding 0 Others 19.59	Product Wise Break-Up General engineering 0 Power Tillers 0 Generators 62.0 Tillers/Back Pack Sprayer 1.0 Rice Transplanters 0 Tractor Segment 0 Shipbuilding 0 Bailey bridge 0 Pumps & Spares 10.0 Engine 15.0 B & D spares 0 Ship repair 0 Reapers 0 Diesel engines 0 Others 12.0	Product Wise Break-Up Engineering 0.02 Power Tillers 0 Generators 0 Tillers/Back Pack Sprayer 0 Rice Transplanters 0 Tractor Segment 0 Shipbuilding 89.88 Bailey bridge 2.71 Water Pumps 0 Engines 0 B & D spares 4.64 Shipbuilding 1.33 Reapers 0 Diesel Engine 0.9 Others 0.52
Location Wise Break-Up	Location Wise Break-Up India 91.96 Rest of the World 8.04	Location Wise Break-Up India 44.35 Rest of the World 55.65	-
Distribution Channel	Distribution Channel Dealer sales 88.46 End Customer Sales 7.51 Others 4.03	-	-