Ashok Leyland Ltd
ASHOKLEYAshok Leyland Ltd
ASHOKLEYPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
26.14 | 5.82 | 2.12% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
50.59 | 7.17 | 0.53% |
Forecast & Ratings
Detailed Forecast from 35 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Ashok Leyland Limited is a company is engaged in the manufacture of commercial vehicles and related components.
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 21,818.03 | 23,603.65 | 30,258.96 | 33,795.77 | 22,522.69 | 20,047.68 | 26,741.54 | 42,499.33 | 46,766.70 | 46,910.50 | ||||||||||
Raw Materials | 14,437.97 | 15,473.18 | 18,068.21 | 22,518.03 | 12,038.76 | 12,576.48 | 17,565.02 | 29,448.39 | 29,798.39 | 38,136.56 | ||||||||||
Power & Fuel Cost | 125.96 | 186.42 | 238.51 | 260.42 | 183.52 | 168.88 | 189.67 | 279.44 | 302.22 | |||||||||||
Employee Cost | 1,711.70 | 1,873.24 | 2,286.45 | 2,697.15 | 2,278.31 | 2,221.86 | 2,636.41 | 3,292.40 | 3,714.94 | |||||||||||
Selling & Administrative Expenses | 2,311.99 | 2,539.07 | 3,121.56 | 3,278.26 | 2,661.25 | 1,828.08 | 2,199.99 | 3,211.68 | 3,707.47 | |||||||||||
Operating & Other expenses | 572.68 | 81.12 | 2,106.03 | -7.55 | 2,070.05 | 583.20 | 1,615.03 | 1,008.77 | 1,228.07 | |||||||||||
EBITDA | 2,657.73 | 3,450.62 | 4,438.20 | 5,049.46 | 3,290.80 | 2,669.18 | 2,535.42 | 5,258.65 | 8,015.61 | 8,773.94 | ||||||||||
Depreciation/Amortization | 523.94 | 572.79 | 645.89 | 675.56 | 749.99 | 835.62 | 865.96 | 900.22 | 927.29 | 952.94 | ||||||||||
PBIT | 2,133.79 | 2,877.83 | 3,792.31 | 4,373.90 | 2,540.81 | 1,833.56 | 1,669.46 | 4,358.43 | 7,088.32 | 7,821.00 | ||||||||||
Interest & Other Items | 925.05 | 1,048.80 | 1,227.38 | 1,502.24 | 1,801.65 | 1,900.64 | 1,869.05 | 2,093.50 | 2,982.25 | 3,478.08 | ||||||||||
PBT | 1,208.74 | 1,829.03 | 2,564.93 | 2,871.66 | 739.16 | -67.08 | -199.59 | 2,264.93 | 4,106.07 | 4,342.92 | ||||||||||
Taxes & Other Items | 526.81 | 239.67 | 804.55 | 792.96 | 402.49 | 98.15 | 159.02 | 1,026.22 | 1,622.55 | 1,714.51 | ||||||||||
Net Income | 681.93 | 1,589.36 | 1,760.38 | 2,078.70 | 336.67 | -165.23 | -358.61 | 1,238.71 | 2,483.52 | 2,628.41 | ||||||||||
EPS | 2.40 | 5.58 | 6.10 | 7.09 | 1.15 | -0.56 | -1.22 | 4.22 | 8.46 | 8.95 | ||||||||||
DPS | 0.95 | 1.56 | 2.43 | 3.10 | 0.50 | 0.60 | 1.00 | 2.60 | 4.95 | 4.95 | ||||||||||
Payout ratio | 0.40 | 0.28 | 0.40 | 0.44 | 0.44 | — | — | 0.62 | 0.59 | 0.55 |
Company Updates
Annual report
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PDFPeers & Comparison
IndustrialsTrucks & Buses
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Ashok Leyland Ltd | 27.66 | 5.82 | 2.12% |
Eicher Motors Ltd | 32.87 | 7.29 | 1.06% |
SML Isuzu Ltd | 21.78 | 8.23 | 0.99% |
Automobile Corp Of Goa Ltd | 34.42 | 6.03 | 0.92% |
Price Comparison
Compare ASHOKLEY with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
High Pledged Promoter Holding
A significant proportion of promoter holdings is pledged
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.17%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.46%
Top 5 Mutual Funds holding Ashok Leyland Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8912% | Percentage of the fund’s portfolio invested in the stock 2.14% | Change in the portfolio weight of the stock over the last 3 months 1.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 47/85 (+16) |
SBI Balanced Advantage Fund - Direct Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6164% | Percentage of the fund’s portfolio invested in the stock 1.28% | Change in the portfolio weight of the stock over the last 3 months -0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/151 (-1) |
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6080% | Percentage of the fund’s portfolio invested in the stock 1.21% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 24/103 (+3) |
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Events
Dividend Trend
Increasing Dividends
ASHOKLEY has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 2.12%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹21.15 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 19, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Nov 19, 2024
Cash Dividend
Ex DateEx DateApr 3, 2024
Dividend/Share
₹4.95
Ex DateEx Date
Apr 3, 2024
Cash Dividend
Ex DateEx DateJul 7, 2023
Dividend/Share
₹2.60
Ex DateEx Date
Jul 7, 2023
Cash Dividend
Ex DateEx DateJul 14, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Jul 14, 2022
Cash Dividend
Ex DateEx DateAug 31, 2021
Dividend/Share
₹0.60
Ex DateEx Date
Aug 31, 2021
The company's domestic sales declined 4.28% to 12,473 units in November 2024 as against 13,031 units recorded in the same period last year. Total medium and heavy commercial vehicle (M&HCV) sales increased by 7.95% to 9,176 units in November 2024. However, total light commercial vehicle (LCV) sales decreased by 10.66% to 4,961 units compared to November 2023. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings The company's consolidated net profit jump 34.14% to Rs 705.64 crore in Q2 FY25 as against Rs 526.01 crore posted in Q2 FY24. Revenue from operations declined 2.35% to Rs 11,147.58 crore posted in the second quarter of FY25 as against Rs 11,416.66 crore posted in Q2 FY24. The scrip slipped 1.66% to Rs 228.15 on the BSE. Powered by Capital Market - Live
Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 223.63, up 1.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Ashok Leyland Ltd has added around 2.68% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 37.24 lakh shares today, compared to the daily average of 85.08 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 223.69, up 3.12% on the day. Ashok Leyland Ltd is up 29.9% in last one year as compared to a 20.57% gain in NIFTY and a 40.86% gain in the Nifty Auto index.The PE of the stock is 23.61 based on TTM earnings ending September 24.Powered by Capital Market - Live
Revenue from operations declined 2.35% to Rs 11,147.58 crore posted in the second quarter of FY25 as against Rs 11,416.66 crore posted in Q2 FY24. Profit before tax was at Rs 1,078.06 crore in Q2 FY25, marking a growth of 16.25% as against Rs 927.31 crore posted in Q2 FY24. The company reported exceptional items of Rs 119.02 crore in Q2 FY25 as against exceptional loss of Rs 38.39 crore posted in Q2 FY24. Ashok Leyland recorded an 11.6% rise in EBITDA for the September 2024 quarter at Rs 1,017 crore as compared to 11.2% (Rs 1,080) crore posted in the corresponding quarter of the previous financial year. On half year basis, the company's net profit gained 13.54% to Rs 1,214.79 crore on 0.18% rise in revenue from operations to Rs 18,896.95 crore in H1 FY25 over H1 FY24. Dheeraj Hinduja, executive chairman, Ashok Leyland, said, 'The Indian Economy is expected to do well in the second half which would benefit our industry. We remain optimistic about industry prospects for H2 on back of strong macroeconomic fundamentals, supported by resumption of Government spending in capex and good monsoons. Our robust all-round performance in Q2 is backed by our technologicol and cost leadership. Internationally as well, we are intensifying our expansion strategy in our focus markets of SAARC, Middle East, Africa and Asia, aimed at posting the best performance ever during this fiscal. We continue to invest in new products with alternative fuels. Switch is doing well with an order book of nearly 2000 buses.' Shenu Agarwal, MD & CEO, Ashok Leyland, added, Our focus on profitability continues. We are happy that we could improve our profitability by focusing on premiumization of our products, addressing cost compression opportunities, and continuously elevating our standards of customer service. Our PAT for Q2FY25 is an all-time high. Our EBITDA margins have improved both sequentially and on YaY basis, making this the seventh consecutive quarter of double-digit EBITDA. We are well on track to achieve mid-teen EBITDA in the medium term. Meanwhile, the company's board declared an interim dividend of Rs 2 per share for FY25. The said interim dividend will be paid on or before 7 December 2024. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.Powered by Capital Market - Live
Ashok Leyland announced that the Board of Directors of the Company at its meeting held on 8 November 2024, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Ashok Leyland rose 34.15% to Rs 705.64 crore in the quarter ended September 2024 as against Rs 526.01 crore during the previous quarter ended September 2023. Sales declined 2.37% to Rs 11104.95 crore in the quarter ended September 2024 as against Rs 11374.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11104.9511374.90 -2 OPM %18.3716.44 - PBDT1203.071192.31 1 PBT959.04965.70 -1 NP705.64526.01 34 Powered by Capital Market - Live
Ashok Leyland has fixed 19 November 2024 as record date for interim dividend of Rs 2 per share for FY 2025. The dividend will be paid on or before 07 December 2024. Powered by Capital Market - Live
Domestic sales stood at 14,067 units in October 2024, down 11% as compared with 15,759 units sold in the same period last year. While total medium and heavy commercial vehicle (M&HCV) sales dropped by 8% to 9,408 units, total light commercial vehicle (LCV) sales fell 12% to 5,902 units in October 2024 over October 2023. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings The company reported 6.39% fall in consolidated net profit to Rs 509.15 crore in Q1 FY25 as compared with Rs 543.89 crore in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to Rs 10,724.49 crore in the quarter ended June 2024.Powered by Capital Market - Live
Ashok Leyland has recorded 9% decline in sales volumes in month of October 2024. The company sold 15,310 units in October 2024 compared to 16,864 units in October 2023. The company's domestic sales were lower by 11% (YoY) at 14,067 units in October 2024. Powered by Capital Market - Live
Ashok Leyland has fixed 19 November 2024 as the record date for the purpose of ascertaining the member's entitlement to receive interim dividend, if any declared.Powered by Capital Market - Live
Ashok Leyland will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 6.71%, vs industry avg of 7.94%
Decreasing Market Share
Over the last 5 years, market share decreased from 73.24% to 69.16%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 3.62%, vs industry avg of 8.94%