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Ashok Leyland Ltd

ASHOKLEY

Ashok Leyland Ltd

ASHOKLEY
IndustrialsTrucks & Buses
MidcapWith a market cap of ₹68,706 cr, stock is ranked 142
Moderate RiskStock is 2.21x as volatile as Nifty
228.960.13% (+0.30)
228.960.13% (+0.30)

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IndustrialsTrucks & Buses
MidcapWith a market cap of ₹68,706 cr, stock is ranked 142
Moderate RiskStock is 2.21x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

IndustrialsTrucks & Buses
MidcapWith a market cap of ₹68,706 cr, stock is ranked 142
Moderate RiskStock is 2.21x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
26.145.822.12%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.597.170.53%

Forecast & Ratings

Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 35 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 6.71%, vs industry avg of 7.94%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 73.24% to 69.16%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 3.62%, vs industry avg of 8.94%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue21,818.0323,603.6530,258.9633,795.7722,522.6920,047.6826,741.5442,499.3346,766.7046,910.50
Raw Materialssubtract14,437.9715,473.1818,068.2122,518.0312,038.7612,576.4817,565.0229,448.3929,798.3938,136.56
Power & Fuel Costsubtract125.96186.42238.51260.42183.52168.88189.67279.44302.22
Employee Costsubtract1,711.701,873.242,286.452,697.152,278.312,221.862,636.413,292.403,714.94
Selling & Administrative Expensessubtract2,311.992,539.073,121.563,278.262,661.251,828.082,199.993,211.683,707.47
Operating & Other expensessubtract572.6881.122,106.03-7.552,070.05583.201,615.031,008.771,228.07
Depreciation/Amortizationsubtract523.94572.79645.89675.56749.99835.62865.96900.22927.29952.94
Interest & Other Itemssubtract925.051,048.801,227.381,502.241,801.651,900.641,869.052,093.502,982.253,478.08
Taxes & Other Itemssubtract526.81239.67804.55792.96402.4998.15159.021,026.221,622.551,714.51
EPS2.405.586.107.091.15-0.56-1.224.228.468.95
DPS0.951.562.433.100.500.601.002.604.954.95
Payout ratio0.400.280.400.440.44——0.620.590.55

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2020

Annual report

PDF

Investor Presentation

Nov 13PDF
FY 2021

Annual report

PDF

Investor Presentation

Sep 14PDF
FY 2022

Annual report

PDF

Investor Presentation

Jul 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsTrucks & Buses

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ashok Leyland Ltd27.665.822.12%
Eicher Motors Ltd32.877.291.06%
SML Isuzu Ltd21.788.230.99%
Automobile Corp Of Goa Ltd34.426.030.92%

Price Comparison

Compare ASHOKLEY with any stock or ETF
Compare ASHOKLEY with any stock or ETF
ASHOKLEY
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

High Pledged Promoter Holding

Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 2.17%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.10%5.34%6.91%24.20%12.45%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep16.45%20.05%20.49%21.45%22.03%24.20%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI Large & Midcap Fund - Growth - Direct Plan

Growth
0.8912%2.14%1.14%47/85 (+16)
SBI Balanced Advantage Fund - Direct Growth

Growth
0.6164%1.28%-0.17%16/151 (-1)
Nippon India Growth Fund - Growth Option - Direct Plan

Growth
0.6080%1.21%0.03%24/103 (+3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Ashok Leyland Ltd

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ASHOKLEY has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

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

Interim
Interim | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Nov 19, 2024

Cash Dividend

Ex DateEx DateApr 3, 2024

Interim
Interim | Div/Share: ₹4.95

Dividend/Share

₹4.95

Ex DateEx Date

Apr 3, 2024

Cash Dividend

Ex DateEx DateJul 7, 2023

Final
Final | Div/Share: ₹2.60

Dividend/Share

₹2.60

Ex DateEx Date

Jul 7, 2023

Cash Dividend

Ex DateEx DateJul 14, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Jul 14, 2022

Cash Dividend

Ex DateEx DateAug 31, 2021

Final
Final | Div/Share: ₹0.60

Dividend/Share

₹0.60

Ex DateEx Date

Aug 31, 2021

News & Opinions
Spotlight
Ashok Leyland total sales increase to 14,137 units Nov'24

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

1 week agoCapital Market - Live
Spotlight
Ashok Leyland Ltd spurts 1.53%, rises for third straight session

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

3 weeks agoCapital Market - Live
Spotlight
Ashok Leyland gains as Q2 PAT jumps 34% YoY to Rs 706 crore

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

1 month agoCapital Market - Live
Corporate
Board of Ashok Leyland recommends interim dividend

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

1 month agoCapital Market - Live
Earnings
Ashok Leyland consolidated net profit rises 34.15% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Ashok Leyland fixes record date for interim dividend

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

1 month agoCapital Market - Live
Spotlight
Ashok Leyland slides as total sales slips 9% YoY in Oct'24

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

1 month agoCapital Market - Live
Corporate
Ashok Leyland records 9% dip in October sales volumes

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

1 month agoCapital Market - Live
Corporate
Ashok Leyland fixes record date for Interim dividend

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

1 month agoCapital Market - Live
Corporate
Ashok Leyland to declare Quarterly Result

Ashok Leyland will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live