Eicher Motors Ltd. benchmarking: Perfomance to industry peers

Financial

	Eicher Motors	TVS Motor	Bajaj Auto
Operational Metrics
Automobile
Total Automobiles Sold - Monthly	100670.0 .	519508.0 .	453273.0 .
Automobiles Sold - Monthly - Domestic	90405.0 .	371193.0 .	247516.0 .
Automobiles Sold - Monthly - Export	10265.0 .	148315.0 .	205757.0 .
Two Wheelers Sold - Monthly - Domestic	90405.0 .	365608.0 .	202510.0 .
Two Wheelers Sold (250cc - 350cc) - Domestic	90312.0 Nos	n/a	n/a
Two Wheelers Sold (Over 350 cc) - Domestic	10358.0 Nos	n/a	n/a
Realization / Motorcyle	188155.67 Rs	n/a	n/a
Unclassified
R&D as a % of Total Sales	3.0 %	2.82 %	1.3 %
Financials
5 yr Average ROE	17.78 %	21.6 %	21.31 %
5yr average Equity Multiplier	1.28	5.98	1.3
5yr Average Asset Turnover Ratio	0.68	0.92	0.98
5yr Avg Net Profit Margin	20.24 %	3.95 %	16.85 %
Price to Book	8.95	21.45	7.44
P/E	38.71	66.46	30.53
5yr Avg Cash Conversion Cycle	-44.49 Days	-62.94 Days	-33.56 Days
Inventory Days	30.75 Days	21.17 Days	14.42 Days
Days Receivable	8.86 Days	14.72 Days	14.93 Days
Days Payable	86.27 Days	95.39 Days	61.09 Days
5yr Average Interest Coverage Ratio	115.72	2.31	443.37
5yr Avg ROCE	20.19 %	19.68 %	25.21 %
5yr Avg Operating Profit Margin	23.3 %	12.9 %	18.23 %
5 yr average Debt to Equity	0.01	3.5	0.07
5yr CAGR Net Profit	28.58 %	30.34 %	8.56 %
5yr Average Return on Assets	13.91 %	3.61 %	16.48 %
Shareholdings
Promoter Holding	49.06 %	50.27 %	55.04 %
Share Pledged by Promoters	0.0	0.0	0.01 %
Change in Promoter Holding (3 Yrs)	-0.15 %	-0.54 %	0.2 %
Change in Mutual Fund Holding (3 Yrs)	4.22 %	-4.23 %	3.4 %

	Eicher Motors	TVS Motor	Bajaj Auto
Product Wise Break-Up	Product Wise Break-Up 2 Wheeler 86.45 Spare Parts & Accessories 7.1 Accessories 5.91 Financial services 0 Parts & Accessories 0 Three-wheeler 0 Motorcycles, Scooters, Mopeds 0 Financing 0 Investment and others 0 Automotive 0 Others 0.54	Product Wise Break-Up 2 Wheeler 0 Accessories 0 Three-wheeler 0 Financial services 14.82 Automotive 0 Parts & Accessories 0 Investment and others 0 Financing 0 Motorcycles, Scooters, Mopeds 0 Spare Parts & Accessories 0 Others 85.18	Product Wise Break-Up 2 Wheeler 0 Accessories 0 Three-wheeler 0 Financial services 0 Automobile 92.6 Parts & Accessories 0 Investment services 2.99 Financing 4.41 Motorcycles, Scooters, Mopeds 0 Spare Parts & Accessories 0
Location Wise Break-Up	Location Wise Break-Up India 85.54 Rest of the World 14.46 Latin America 0 Africa 0 Asia Pacific 0	Location Wise Break-Up India 78.97 Rest of the World 21.03 Latin America 0 Asia Pacific 0 Africa 0	Location Wise Break-Up India 68.97 Rest of the World 0 Latin America 0 Asia Pacific 0 Africa 0 Others 31.03
Asset Break-Up	Asset Break-Up Domestic 76.36 Overseas 23.64 Rest of the World 0 India 0	-	Asset Break-Up Rest of the World 11.86 Overseas 0 Domestic 0 India 88.14