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
HighShowing good signs of profitability & efficiency
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 |
---|---|---|
25.49 | 5.28 | 2.33% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.22 | 6.88 | 0.51% |
Forecast & Ratings
Detailed Forecast from 34 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
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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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 | 46,984.29 | ||||||||||
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 | 38,625.75 | ||||||||||
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 | 8,358.54 | ||||||||||
Depreciation/Amortization | 523.94 | 572.79 | 645.89 | 675.56 | 749.99 | 835.62 | 865.96 | 900.22 | 927.29 | 935.52 | ||||||||||
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 | 7,423.02 | ||||||||||
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 | 3,230.85 | ||||||||||
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 | 4,192.17 | ||||||||||
Taxes & Other Items | 526.81 | 239.67 | 804.55 | 792.96 | 402.49 | 98.15 | 159.02 | 1,026.22 | 1,622.55 | 1,743.39 | ||||||||||
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 | 2,448.78 | ||||||||||
EPS | 2.40 | 5.58 | 6.10 | 7.09 | 1.15 | -0.56 | -1.22 | 4.22 | 8.46 | 8.34 | ||||||||||
DPS | 0.95 | 1.56 | 2.43 | 3.10 | 0.50 | 0.60 | 1.00 | 2.60 | 4.95 | 7.55 | ||||||||||
Payout ratio | 0.40 | 0.28 | 0.40 | 0.44 | 0.44 | — | — | 0.62 | 0.59 | 0.91 |
Company Updates
Peers & Comparison
IndustrialsTrucks & Buses
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Ashok Leyland Ltd | 25.13 | 5.28 | 2.33% |
Eicher Motors Ltd | 32.60 | 7.23 | 1.07% |
SML Isuzu Ltd | 23.44 | 8.85 | 0.92% |
Automobile Corp Of Goa Ltd | 38.16 | 6.69 | 0.83% |
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 Balanced Advantage Fund - Direct Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6881% | Percentage of the fund’s portfolio invested in the stock 1.30% | Change in the portfolio weight of the stock over the last 3 months -0.11% | 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 16/135 (+1) |
Kotak Equity Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6222% | Percentage of the fund’s portfolio invested in the stock 1.48% | Change in the portfolio weight of the stock over the last 3 months -0.18% | 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 40/73 (-18) |
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 0.5845% | Percentage of the fund’s portfolio invested in the stock 1.04% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 42/104 (-9) |
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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 2.27%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹22.73 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
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
Cash Dividend
Ex DateEx DateMar 19, 2020
Dividend/Share
₹0.50
Ex DateEx Date
Mar 19, 2020
The project entails supply of 180 electric trucks, involves boss electric vehicle and AVTR 55T electric tractors and the execution of the order will be during Q4 of fiscal year 24 and fiscal year 25. The vehicles flagged off by Ashok Leyland are designed to provide advanced performance, safety, and efficiency. The battery packs, positioned at the frame level ensuring compatibility with commonly used trailers and superstructures, come with IP67 protection to safeguard against water and dust ingress. The vehicles are equipped with Advanced Driver Assist Systems (ADAS) for enhanced safety. The vehicles also feature simultaneous dual-gun charging for faster recharging and are equipped with the widely used Common Charging Standard 2 (CCS2). Shenu Agarwal, MD & CEO of Ashok Leyland said, 'Ashok Leyland is proud of its partnership with BillionE Group as we commence deliveries of our AVTR 55T Electric Tractor and BOSS ICV Electric trucks. We are equally proud that in both BOSS and AVTR electric platforms, we have packed the most advanced and premium features making these products way superior in performance and TCO. Kartikey Hariyani, founder & CEO of Billion E-Mobility & ChargeZone said, 'As we build our energy transition platform BillionE, an integrated mid-mile Electric Truck Platform as a collaboration between our group companies Billion E-Mobility and CHARGE ZONE, We embark on a journey together towards a cleaner, more efficient, and sustainable tomorrow, we thank Ashok Leyland for delivering the technologically advanced Electric vehicles ' AVTR 55T Tractor and BOSS, enabling us to take forward our commitment to driving a sustainable and eco-friendly transportation ecosystem.' 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. The scrip declined 1.33% to currently trade at Rs 222.35 on the BSE.Powered by Capital Market - Live
Ashok Leyland today with Billion Electric Mobility (member of Group BillionE), flagged off its AVTR 55T Electric, BOSS 19T Electric, and BOSS 14T Electric trucks. This flagoff marks the commencement of the delivery of Electric trucks by Ashok Leyland to the BillionE Group. BillionE has placed a large order of 180 Electric Vehicles - BOSS Electric Truck and AVTR 55T Electric Tractor with Ashok Leyland.Powered by Capital Market - Live
Ashok Leyland has reported 10% decline in total sales to 17,233 units in month of September 2024 compared to 19,202 units in September 2023. Total sales comprise of domestic sales of 16,041 units, lower by 12% on year-on-year basis. Powered by Capital Market - Live
Ashok Leyland has received credit ratings from CARE Ratings as under: Long term bank facilities (Rs 300 crore) - CARE AA-; Stable (upgraded) Long term / short term bank facilities (Rs3,700 crore) - CARE AA+; Stable/ CARE A1+ (long term rating upgraded, short term rating reaffirmed) Short term bank facilities (Rs 300 crore) - CARE A1+ (assigned) Commercial paper (Rs 2,000 crore) - CARE A1+ (reaffirmed) Non convertible debentures (Rs 200 crore) - CARE AA+; Stable (upgraded) Powered by Capital Market - Live
The equity indices continued to trade with decent gains in morning trade. The Nifty traded above the 25,250 level. FMCG shares advanced after declining in the past consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex gained 235.94 points or 0.29% to 82,605.71. The Nifty 50 index added 58.55 points or 0.23% to 25,294.45. The Sensex and Nifty clocked an all-time high of 82,725.28 and 25,333.65, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index shed 0.10% and the S&P BSE Small-Cap index fell 0.23%. The S&P BSE Mid-Cap index hit an all-time high at 49,306.56. The market breadth was positive. On the BSE, 1,886 shares rose and 1,840 shares fell. A total of 214 shares were unchanged. Buzzing Index: The Nifty FMCG index rose 0.98% to 63,677.75. The index shed 0.16% in the past consecutive trading sessions. Radico Khaitan (up 4.01%), ITC (up 2.04%), Hindustan Unilever (up 0.94%), Britannia Industries (up 0.66%), United Spirits (up 0.65%), Tata Consumer Products (up 0.62%), Dabur India (up 0.62%), Varun Beverages (up 0.44%), Nestle India (up 0.15%) and Colgate-Palmolive (India) (up 0.12%) advanced. On the other hand, United Breweries (down 0.88%), Balrampur Chini Mills (down 0.74%) and Godrej Consumer Products (down 0.58%) edged lower. Stocks in Spotlight: Ashok Leyland fell 2.03%. The company has reported total commercial vehicle sales of 14,463 units for the month of August 2024, which is lower by 7% as compared with the sales of 15,576 units sold in August 2023. Centum Electronics jumped 2.33% after the company informed that it has received an order from Defence Research and Development Organisation (DRDO) worth Rs 109.58 crore. The order includes intersatellite link & other payload subsystems to be executed within a period of 16 months GPT Infraprojects rose 0.82%. The company said that it has been declared as L1 (first lowest) by CAO Construction, South Eastern Railway, Kolkata for an aggregate value of Rs 204 crore. The project includes construction of road over bridge (3 lane) with bridge proper and bridge approaches between Andul-Sankrail station and construction of road over bridge (2 lane) with bridge proper and bridge approaches between Nalpur-Bauria Stations of Howrah-Kharagpur section under the jurisdiction of Dy CE/Con/Garden Reach, S. E. Railway. Powered by Capital Market - Live
While total domestic medium and heavy commercial vehicle (M&HCV) sales decreased by 14% to 7,790 units, total light commercial vehicle (LCV) sales in the local market degrew by 8% to 13,347 units in August 2024 over August 2023. Exports, however, increased by 8% year-over-year to 1,116 units during the period under review. The company had exported 1,031 commercial vehicle units in the same period last year. 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. The scrip fell 1.80% to currently trade at Rs 251.65 on the BSE. Powered by Capital Market - Live
Ashok Leyland recorded total sales of 14,463 units in month of August 2024 compared to 15,576 units in August 2023, registering a decline of 7%. Domestics sales declined 8% to 13,347 units in August 2024. Powered by Capital Market - Live
In an exchange filing, the firm stated, 'Pursuant to the completion of the liquidation process, OHM UK has ceased to be the step-down subsidiary of the company with effect from August 27, 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. 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. The scrip declined 0.04% to currently trade at Rs 262 on the BSE.Powered by Capital Market - Live
Ashok Leyland Ltd rose for a fifth straight session today. The stock is quoting at Rs 262.1, up 0.71% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Ashok Leyland Ltd has added around 14.14% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 1.2% in last one month and is currently quoting at 25586.75, up 0.15% on the day. The volume in the stock stood at 21.5 lakh shares today, compared to the daily average of 134.96 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 262.15, up 0.48% on the day. Ashok Leyland Ltd is up 39.71% in last one year as compared to a 27.67% gain in NIFTY and a 65.34% gain in the Nifty Auto index.The PE of the stock is 29.08 based on TTM earnings ending June 24.Powered by Capital Market - Live
Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 260.45, up 1.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Ashok Leyland Ltd has added around 12.9% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 0.78% in last one month and is currently quoting at 25368.75, up 0.32% on the day. The volume in the stock stood at 58.43 lakh shares today, compared to the daily average of 145.07 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 260.2, up 1.07% on the day. Ashok Leyland Ltd is up 39.39% in last one year as compared to a 27.43% gain in NIFTY and a 64.96% gain in the Nifty Auto index.The PE of the stock is 28.78 based on TTM earnings ending June 24.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%