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Ashok Leyland Ltd

ASHOKLEY

Ashok Leyland Ltd

ASHOKLEY
IndustrialsTrucks & Buses
MidcapWith a market cap of ₹59,819 cr, stock is ranked 145
Moderate RiskStock is 2.42x as volatile as Nifty
219.357.68% (+15.64)
219.357.68% (+15.64)

Price Chart

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IndustrialsTrucks & Buses
MidcapWith a market cap of ₹59,819 cr, stock is ranked 145
Moderate RiskStock is 2.42x 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

Good

The stock is underpriced and 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 ₹59,819 cr, stock is ranked 145
Moderate RiskStock is 2.42x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
22.765.062.43%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
41.295.950.66%

Forecast & Ratings

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

from 36 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.

PE Ratio
34.07
1Y Return
25.25%
Buy Reco %
50.00
PE Ratio
16.64
1Y Return
16.39%
Buy Reco %
—
PE Ratio
25.09
1Y Return
8.38%
Buy Reco %
—
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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 Ltd24.095.062.43%
Eicher Motors Ltd34.077.551.02%
SML Isuzu Ltd16.646.281.29%
Automobile Corp Of Goa Ltd25.094.401.27%

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

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 almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.10%6.20%6.74%23.89%12.07%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2420.05%20.49%21.45%22.03%24.20%23.89%

Mutual Funds Holding Trend

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 almost stayed constant

Top 5 Mutual Funds holding Ashok Leyland Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.9787%2.04%-0.10%11/85 (-2)
0.9396%1.70%0.49%12/103 (+10)
0.6593%1.19%-0.09%22/147 (-9)

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

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Transporting India

Transporting India

Created by Windmill Capital

ASHOKLEY's Wtg.
10.33%
CAGR
6.86%
Auto Tracker

Auto Tracker

Created by Windmill Capital

ASHOKLEY's Wtg.
6.83%
CAGR
19.09%

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 2.43%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹24.30 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
Earnings
Ashok Leyland consolidated net profit rises 36.01% in the December 2024 quarter

Net profit of Ashok Leyland rose 36.01% to Rs 761.92 crore in the quarter ended December 2024 as against Rs 560.21 crore during the previous quarter ended December 2023. Sales rose 8.16% to Rs 11946.15 crore in the quarter ended December 2024 as against Rs 11044.81 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales11946.1511044.81 8 OPM %19.5617.76 - PBDT1397.541211.39 15 PBT1129.84970.47 16 NP761.92560.21 36 Powered by Capital Market - Live

2 hours agoCapital Market - Live
Corporate
Board of Ashok Leyland approves investment of up to Rs 700 cr in subsidiaries

The Board of Ashok Leyland at its meeting held on 12 February 2025 has approved the following investments: - To invest upto GBP 45 million (equivalent to Rs. 500 crore) in Optare Plc. UK, subsidiary as equity in one or more tranches - To invest Rs. Upto 200 crore in Hinduja Leyland Finance Limited, a material subsidiary as equity, in one or more tranches Powered by Capital Market - Live

4 hours agoCapital Market - Live
Spotlight
Ashok Leyland soars after strong Q3 outcome

Ashok Leyland, the Indian flagship of the Hinduja Group and the country's leading commercial vehicle manufacturer, achieved an all-time high net profit of Rs 762 crore in Q3FY25, an increase of 31% over same period last year. It recorded all time high revenues of Rs 9,479 crore in Q3FY25 vis a vis Rs 9,273 crore in Q3 FY24, up 2.22% year-on-year. The company reported all time high Q3 EBITDA of Rs 1211 crore (12.8% margin), up 8.71% over Rs 1114 crore (12.0% margin) in Q3 FY24, registering double-digit percentage EBITDA margin for the 8th consecutive quarter. It achieved export volume of 4,151 units in Q3 FY25 against 3,128 units in the same period last year, registering a growth of 33%. Turned cash positive at end ofthe quarter with a net cash of Rs 958 crore as against net debt of Rs 1747 crore at end of Q3FY24. Ashok Leyland's domestic MHCV market share continues to be over 30%. The company also maintained market leadership in the Bus segment. Ashok Leyland recently launched SAATHI, its foray into the entry level LCV segment, opening up a new customer segment, which was previously unaddressed. At the recently held Bharat Mobility Global Expo, Ashok Leyland showcased concept of industry-first electric Port Terminal Tractor as well as India's first is-meter bus with a front engine and capacity of 42 sleeper births. At the show, Switch displayed a concept electric truck in the 7.5T GVW range, again a first in the segment. The Defence, Power Solutions and Aftermarket Businesses continue to perform well. Dheeraj Hinduja, executive chairman, Ashok Leyland, said The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerote with the launch of new products. I compliment the management and all our team for delivering a record breaking Q3 for the second year in a row. We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months. Shenu Agarwal, managing director & CEO, Ashok Leyland, added, Relative to Q2, the MHCV market has revived significantly in Q3, and is expected to improve further as we enter the last quarter. Our focus remains on profitable growth through product premiumization, cost leadership, better service reach and enhanced value-added services. Non-CV businesses have done well and offer more headroom for growth. We remain optimistic about the growth of the CV industry in the medium and long term as macroeconomic factors continue to be favorable. Powered by Capital Market - Live

5 hours agoCapital Market - Live
Spotlight
Ashok Leyland records sales 17,213 commercial vehicle units in Jan'25

The company's total domestic sales added up to 15,327 units, up 3% YoY. While domestic medium and heavy commercial vehicle (M&HCV) sales rose by 4% to 9,864 units, light commercial vehicle (LCV) sales stayed flat at 5463 units in January 2025 as compared with January 2024. Ashok Leyland is engaged in the 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 tumbled 5.05% to currently trade at Rs 205.95 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Ashok Leyland sales up 8% in Jan'25

Ashok Leyland sold 17,213 units in month of January 2025 compared to 15,939 units in January 2024, recording a growth of 8%. Total sales include domestic sales of 15,327 units (up 3% YoY). The company's medium and heavy commercial vehicle sales rose 11% to 11,384 units while light commercial vehicle sales rose 2% to 5,829 units. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Ashok Leyland Ltd spurts 1.83%

Ashok Leyland Ltd is up for a third straight session in a row. The stock is quoting at Rs 209.81, up 1.83% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 23261.2. The Sensex is at 76755.34, up 0.29%. Ashok Leyland Ltd has dropped around 4.85% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has dropped around 0.97% in last one month and is currently quoting at 22586.35, up 0.11% on the day. The volume in the stock stood at 25.18 lakh shares today, compared to the daily average of 64.49 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 210.15, up 1.7% on the day. Ashok Leyland Ltd is up 19.28% in last one year as compared to a 7.07% spurt in NIFTY and a 17.6% spurt in the Nifty Auto index.The PE of the stock is 22.08 based on TTM earnings ending September 24.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Ashok Leyland to hold board meeting

Ashok Leyland will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Ashok Leyland Ltd drops for fifth straight session

Ashok Leyland Ltd fell for a fifth straight session today. The stock is quoting at Rs 217.04, down 2.55% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23541.75. The Sensex is at 77635.94, down 0.66%.Ashok Leyland Ltd has eased around 5.21% in last one month.Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has eased around 1.56% in last one month and is currently quoting at 23370.15, up 0.11% on the day. The volume in the stock stood at 30.93 lakh shares today, compared to the daily average of 59.25 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 215.95, down 3.03% on the day. Ashok Leyland Ltd jumped 23.78% in last one year as compared to a 8.9% rally in NIFTY and a 26.07% spurt in the Nifty Auto index.The PE of the stock is 23.86 based on TTM earnings ending September 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Nifty scale above 23,850; Auto shares rally for 3rd day

The key equity indices traded with substantial gains in morning trade. The Nifty traded above the 23,850 mark. Auto shares extended gains for the third consecutive trading session. Trading could be volatile due to weekly F&O series expiry today. At 10:30 IST, the barometer index, the S&P BSE Sensex jumped 449.03 points or 0.60% to 78,979.62. The Nifty 50 index rallied 132.95 points or 0.56% to 23,875.85. In the broader market, the S&P BSE Mid-Cap index shed 0.01% and the S&P BSE Small-Cap index gained 0.23%. The market breadth was strong. On the BSE, 2,174 shares rose and 1,414 shares fell. A total of 173 shares were unchanged. Economy In December 2024, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index' (PMI) fell to 56.4, marking a 12-month low and indicating a slower improvement in operating conditions. The headline figure declined slightly from 56.5 in November but remained above the long-run average of 54.1, signaling a robust rate of growth. Looking to 2025, Indian manufacturers were confident of a rise in output. Optimism reflected advertising, investment and expectation of favourable demand. Sentiment was nevertheless curbed by concerns around inflation and competitive pressures. Ines Lam, Economist at HSBC, said, 'India's manufacturing activity ended a strong 2024 with a soft note amidst more signs of a slowing trend, albeit moderate, in the industrial sector. The rate of expansion in new orders was the slowest in the year, suggesting weaker growth in future production. That said, there was some uplift in the growth of new export orders, which rose at the fastest pace since July. The rise in input prices eased slightly, wrapping up the year when Indian manufacturers felt the strain of sharp cost pressures.' Buzzing Index: The Nifty Auto index gained 1.05% to 23,381.65. The index rallied 2.69% in three consecutive trading sessions. Ashok Leyland (up 2.36%), Mahindra & Mahindra (up 1.42%), Tube Investments of India (up 1.13%), TVS Motor Company (up 1.12%), Maruti Suzuki India (up 0.93%), Eicher Motors (up 0.84%), Hero MotoCorp (up 0.76%), Bajaj Auto (up 0.68%), Samvardhana Motherson International (up 0.61%) and Tata Motors (up 0.27%) advanced. On the other hand, Apollo Tyres (down 1.62%), MRF (down 0.81%) and Balkrishna Industries (down 0.41%) edged lower. Stocks in Spotlight: Ashok Leyland jumped 4.15% after the company reported 4.97% increased in total vehicle sales to 16,957 units in December 2024, compared to 16,154 units sold in December 2023. RailTel Corporation of India surged 6.77% after the company said that it has received the work order from Bharat Coking Coal for works amounting to Rs 78.43 crore. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ashok Leyland gains as total sales rises 5% YoY in Dec'24

The company's domestic sales gained 3.69% to 15,713 units in December 2024 as against 15,153 units recorded in the same period last year. Total medium and heavy commercial vehicle (M&HCV) sales increased by 7.93% to 11,474 units in December 2024. However, total light commercial vehicle (LCV) sales decreased by 0.74% to 5,483 units compared to December 2023. Ashok Leyland is engaged in the 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.Powered by Capital Market - Live

1 month agoCapital Market - Live