V.S.T. Tillers Tractors Ltd.

Financial

	VST Tillers Tractors	Honda India Power	Kirloskar Electric
Operational Metrics
Reapers
Total Farm Equipment Sold - Reapers	1192.0	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	4061.0 .	n/a	n/a
Tractor
Total Farm Equipment Sold - Monthly - Tractors	762.0 .	n/a	n/a
Realization/Unit - Tractor	401294.55 Rs/Unit	n/a	n/a
Financials
5 yr Average ROE	9.8 %	10.57 %	-17.23 %
5yr average Equity Multiplier	1.29	1.27	3.6
5yr Average Asset Turnover Ratio	0.85	1.27	0.6
5yr Avg Net Profit Margin	8.7 %	6.59 %	2.86 %
Price to Book	3.5	3.26	8.77
P/E	24.12	30.49	44.4
5yr Avg Cash Conversion Cycle	18.8 Days	21.77 Days	-55.91 Days
Inventory Days	51.29 Days	58.07 Days	52.62 Days
Days Receivable	37.69 Days	23.13 Days	35.72 Days
Days Payable	49.18 Days	49.33 Days	142.49 Days
5yr Average Interest Coverage Ratio	51.02	132.48	1.49
5yr Avg ROCE	12.78 %	15.41 %	68.65 %
5yr Avg Operating Profit Margin	14.81 %	11.62 %	15.12 %
5 yr average Debt to Equity	0.0	0.0	0.36
5yr CAGR Net Profit	14.93 %	9.46 %	n/a
5yr Average Return on Assets	7.53 %	8.38 %	2.36 %
Shareholdings
Promoter Holding	55.63 %	66.67 %	49.51 %
Share Pledged by Promoters	0.0	0.0	75.68 %
Change in Promoter Holding (3 Yrs)	0.86 %	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	4.52 %	4.4 %	0.0

Business

	VST Tillers Tractors	Honda India Power	Kirloskar Electric
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 DG sets 0 Transformers 0 Motors, alternators and generators 0 Others 19.59	Product Wise Break-Up Tractor Segment 0 Power Tillers 0 Generators 62.0 Engine 15.0 Reapers 0 Rice Transplanters 0 DG sets 0 Motors, alternators and generators 0 Transformers 0 Pumps & Spares 10.0 Tillers/Back Pack Sprayer 1.0 Others 12.0	Product Wise Break-Up Tractor Segment 0 Power Tillers 0 Generators 0 Engines 0 Reapers 0 Rice Transplanters 0 DG sets 1.77 Motors 51.5 Transformers 40.03 Water Pumps 0 Tillers/Back Pack Sprayer 0 Others 6.7
Location Wise Break-Up	Location Wise Break-Up India 91.96 Rest of the World 8.04	Location Wise Break-Up Rest of the World 55.65 India 44.35	-
Distribution Channel	Distribution Channel Dealer sales 88.46 End Customer Sales 7.51 Others 4.03	-	-