Ashok Leyland Ltd

Ashok Leyland Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashok Leyland Ltd

₹ 240 0.34%
23 May - close price
ashokleyland.com BSE: 500477 NSE: ASHOKLEY
About

Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries, it is one of the most fully-integrated manufacturing companies. Its headquarter is in Chennai [1]
They manage driver training institutes across India and have trained over 8,00,000 drivers since inception. [1]

Key Points

Market Leadership
The company is India's 2nd largest manufacturer of commercial vehicles, the 4th largest manufacturer of buses globally, and the 9th largest manufacturer of trucks. [1] It had a market share of 31% in the M&HCV bus and truck segment and 20% in the LCV segment as of FY24. [2]

Website BSE NSE
  • Market Cap ₹ 70,362 Cr.
  • Current Price ₹ 240
  • High / Low ₹ 265 / 190
  • Stock P/E 21.8
  • Book Value ₹ 39.2
  • Dividend Yield 2.61 %
  • ROCE 37.0 %
  • ROE 31.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 58.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
  • Company has been maintaining a healthy dividend payout of 55.5%
  • Debtor days have improved from 34.1 to 27.2 days.

Cons

  • Promoters have pledged 41.2% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - LCVs / HCVs

Part of BSE 500 BSE 200 Nifty 500 BSE Auto BSE MidCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
8,744 7,223 8,266 9,030 11,626 8,189 9,638 9,273 11,267 8,599 8,769 9,479 11,907
7,968 6,903 7,729 8,232 10,350 7,369 8,558 8,159 9,675 7,688 7,752 8,267 10,116
Operating Profit 776 320 537 797 1,276 821 1,080 1,114 1,592 911 1,017 1,211 1,791
OPM % 9% 4% 6% 9% 11% 10% 11% 12% 14% 11% 12% 13% 15%
494 39 28 39 95 51 25 29 48 22 215 25 92
Interest 76 69 77 80 63 70 59 62 59 59 61 50 47
Depreciation 195 182 177 189 184 179 180 178 180 173 175 192 179
Profit before tax 999 108 312 567 1,125 622 865 903 1,401 701 996 994 1,657
Tax % 10% 37% 36% 36% 33% 7% 35% 36% 36% 25% 23% 23% 25%
901 68 199 361 751 576 561 580 900 526 770 762 1,246
EPS in Rs 3.07 0.23 0.68 1.23 2.56 1.96 1.91 1.98 3.07 1.79 2.62 2.59 4.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10,301 13,916 18,937 20,140 26,356 29,055 17,467 15,301 21,688 36,144 38,367 38,753
10,184 12,890 16,487 17,938 23,393 25,973 16,294 14,766 20,694 33,213 33,760 33,822
Operating Profit 117 1,027 2,451 2,203 2,964 3,082 1,174 535 995 2,931 4,607 4,931
OPM % 1% 7% 13% 11% 11% 11% 7% 4% 5% 8% 12% 13%
622 225 -888 -199 168 106 -32 107 587 201 153 354
Interest 453 394 248 155 147 70 109 307 301 289 249 217
Depreciation 377 416 488 518 598 621 670 748 753 732 718 719
Profit before tax -91 442 827 1,330 2,386 2,497 362 -412 528 2,110 3,792 4,348
Tax % -132% 24% 53% 8% 28% 21% 34% -24% -3% 35% 31% 24%
29 335 390 1,223 1,718 1,983 240 -314 542 1,380 2,618 3,303
EPS in Rs 0.11 1.18 1.37 4.30 5.87 6.76 0.82 -1.07 1.85 4.70 8.92 11.25
Dividend Payout % 0% 38% 69% 36% 41% 46% 61% -56% 54% 55% 56% 56%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 21%
TTM: 1%
Compounded Profit Growth
10 Years: 29%
5 Years: 58%
3 Years: 407%
TTM: 23%
Stock Price CAGR
10 Years: 13%
5 Years: 41%
3 Years: 20%
1 Year: 14%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 27%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 266 285 285 285 293 294 294 294 294 294 294 294
Reserves 4,182 4,834 5,123 5,841 6,953 8,039 6,970 6,684 7,043 8,132 8,517 11,225
4,690 3,350 2,415 2,145 1,226 632 3,322 3,759 3,554 3,225 2,299 1,482
3,670 4,843 4,952 5,769 8,865 9,260 5,804 7,714 9,443 10,941 12,502 12,525
Total Liabilities 12,808 13,311 12,774 14,040 17,336 18,224 16,390 18,450 20,334 22,592 23,612 25,526
5,660 5,256 4,792 4,971 5,548 5,615 6,804 7,050 6,601 6,304 5,952 5,993
CWIP 182 120 76 206 423 658 594 372 194 133 202 277
Investments 2,790 2,649 1,980 2,879 5,607 2,636 2,720 3,069 4,820 6,664 5,560 8,673
4,177 5,287 5,925 5,985 5,759 9,316 6,272 7,959 8,719 9,491 11,899 10,583
Total Assets 12,808 13,311 12,774 14,040 17,336 18,224 16,390 18,450 20,334 22,592 23,612 25,526

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
556 1,777 1,683 2,155 5,643 -362 941 21 2,647 2,136 2,503 7,819
-111 103 364 -1,477 -3,429 2,312 -2,176 -976 -1,459 -1,736 902 -4,078
-449 -1,179 -1,211 -1,372 -2,091 -1,616 1,149 206 -724 -940 -1,917 -3,024
Net Cash Flow -3 700 836 -694 123 334 -86 -749 464 -540 1,488 718

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 46 33 24 19 13 31 25 67 52 41 34 27
Inventory Days 57 51 45 69 35 47 37 69 45 36 42 39
Days Payable 106 104 71 81 97 89 90 165 150 94 82 97
Cash Conversion Cycle -3 -20 -2 7 -49 -10 -28 -30 -52 -17 -7 -30
Working Capital Days -31 -39 -25 -35 -67 -24 -25 -11 -29 -12 -28 -12
ROCE % -2% 8% 23% 22% 30% 30% 6% -1% 3% 20% 36% 37%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.54% 51.54% 51.53% 51.53% 51.53% 51.53% 51.53% 51.52% 51.52% 51.52% 51.52% 51.52%
15.03% 17.59% 15.29% 14.85% 16.59% 20.21% 20.48% 21.45% 22.03% 24.39% 24.09% 23.50%
21.73% 19.50% 21.16% 22.15% 20.79% 16.51% 14.66% 12.23% 14.12% 12.34% 13.04% 14.06%
0.08% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
11.62% 11.29% 11.94% 11.40% 11.02% 11.66% 13.25% 14.72% 12.24% 11.66% 11.28% 10.84%
No. of Shareholders 11,20,96410,96,22011,30,37211,18,10710,99,98212,06,48213,39,74414,91,39714,75,87414,59,21214,56,04814,44,998

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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