Ashok Leyland Ltd
ASHOKLEYAshok Leyland Ltd
ASHOKLEY


Price 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
GoodThe stock is underpriced and is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
22.76 | 5.06 | 2.43% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
41.29 | 5.95 | 0.66% |
Forecast & Ratings
Detailed Forecast from 36 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.
Peers
Compare with peersÂGet more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
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
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsTrucks & Buses
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Ashok Leyland Ltd | 24.09 | 5.06 | 2.43% |
Eicher Motors Ltd | 34.07 | 7.55 | 1.02% |
SML Isuzu Ltd | 16.64 | 6.28 | 1.29% |
Automobile Corp Of Goa Ltd | 25.09 | 4.40 | 1.27% |
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
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | 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) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.9787% | Percentage of the fund’s portfolio invested in the stock 2.04% | Change in the portfolio weight of the stock over the last 3 months -0.10% | 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 11/85 (-2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.9396% | Percentage of the fund’s portfolio invested in the stock 1.70% | Change in the portfolio weight of the stock over the last 3 months 0.49% | 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 12/103 (+10) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.6593% | Percentage of the fund’s portfolio invested in the stock 1.19% | Change in the portfolio weight of the stock over the last 3 months -0.09% | 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 22/147 (-9) |
Compare 3-month MF holding change on Screener
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
ASHOKLEY has increased dividends consistently over the last 5 years
Dividend Yield
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
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
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
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
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
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
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
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
Ashok Leyland will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live
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
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
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
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%