Ashok Leyland Ltd

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

Ashok Leyland Ltd

₹ 160 0.68%
17 Jun - 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 ₹ 93,729 Cr.
  • Current Price ₹ 160
  • High / Low ₹ 215 / 115
  • Stock P/E 24.5
  • Book Value ₹ 22.3
  • Dividend Yield 2.19 %
  • ROCE 39.0 %
  • ROE 31.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 69.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.0%
  • Company has been maintaining a healthy dividend payout of 56.2%

Cons

  • Stock is trading at 7.15 times its book value
  • Promoters have pledged 40.1% 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

Industrials Capital Goods Agricultural, Commercial & Construction Vehicles Commercial Vehicles

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Auto

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
11,626 8,189 9,638 9,273 11,267 8,599 8,769 9,479 11,907 8,725 9,588 11,534 14,160
10,350 7,369 8,558 8,159 9,675 7,688 7,752 8,267 10,116 7,755 8,426 9,999 12,095
Operating Profit 1,276 821 1,080 1,114 1,592 911 1,017 1,211 1,791 970 1,162 1,535 2,066
OPM % 11% 10% 11% 12% 14% 11% 12% 13% 15% 11% 12% 13% 15%
95 51 25 29 48 22 215 25 92 53 95 -249 68
Interest 63 70 59 62 59 59 61 50 47 42 42 44 42
Depreciation 184 179 180 178 180 173 175 192 179 183 172 177 183
Profit before tax 1,125 622 865 903 1,401 701 996 994 1,657 798 1,043 1,064 1,909
Tax % 33% 7% 35% 36% 36% 25% 23% 23% 25% 26% 26% 25% 26%
751 576 561 580 900 526 770 762 1,246 594 771 796 1,405
EPS in Rs 1.28 0.98 0.96 0.99 1.53 0.89 1.31 1.30 2.12 1.01 1.31 1.36 2.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
13,916 18,937 20,140 26,356 29,055 17,467 15,301 21,688 36,144 38,367 38,753 44,007
12,890 16,487 17,938 23,393 25,973 16,294 14,766 20,694 33,213 33,760 33,822 38,275
Operating Profit 1,027 2,451 2,203 2,964 3,082 1,174 535 995 2,931 4,607 4,931 5,732
OPM % 7% 13% 11% 11% 11% 7% 4% 5% 8% 12% 13% 13%
225 -888 -199 168 106 -32 107 587 201 153 354 -33
Interest 394 248 155 147 70 109 307 301 289 249 217 170
Depreciation 416 488 518 598 621 670 748 753 732 718 719 715
Profit before tax 442 827 1,330 2,386 2,497 362 -412 528 2,110 3,792 4,348 4,814
Tax % 24% 53% 8% 28% 21% 34% -24% -3% 35% 31% 24% 26%
335 390 1,223 1,718 1,983 240 -314 542 1,380 2,618 3,303 3,566
EPS in Rs 0.59 0.68 2.15 2.93 3.38 0.41 -0.53 0.92 2.35 4.46 5.62 6.07
Dividend Payout % 38% 69% 36% 41% 46% 61% -56% 54% 55% 56% 56% 58%
Compounded Sales Growth
10 Years: 9%
5 Years: 24%
3 Years: 7%
TTM: 14%
Compounded Profit Growth
10 Years: 17%
5 Years: 70%
3 Years: 43%
TTM: 20%
Stock Price CAGR
10 Years: 12%
5 Years: 22%
3 Years: 24%
1 Year: 36%
Return on Equity
10 Years: 20%
5 Years: 24%
3 Years: 31%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 285 285 285 293 294 294 294 294 294 294 294 587
Reserves 4,834 5,123 5,841 6,953 8,039 6,970 6,684 7,043 8,132 8,517 11,225 12,526
3,350 2,415 2,145 1,226 632 3,322 3,759 3,554 3,225 2,299 1,482 1,195
4,843 4,952 5,769 8,865 9,260 5,804 7,714 9,443 10,941 12,502 12,525 14,285
Total Liabilities 13,311 12,774 14,040 17,336 18,224 16,390 18,450 20,334 22,592 23,612 25,526 28,594
5,256 4,792 4,971 5,548 5,615 6,804 7,050 6,601 6,304 5,952 5,845 6,658
CWIP 120 76 206 423 658 594 372 194 133 202 425 210
Investments 2,649 1,980 2,879 5,607 2,636 2,720 3,069 4,820 6,664 5,560 8,673 10,679
5,287 5,925 5,985 5,759 9,316 6,272 7,959 8,719 9,491 11,899 10,583 11,046
Total Assets 13,311 12,774 14,040 17,336 18,224 16,390 18,450 20,334 22,592 23,612 25,526 28,594

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,777 1,683 2,155 5,643 -362 941 21 2,647 2,136 2,503 7,819 4,792
103 364 -1,477 -3,429 2,312 -2,176 -976 -1,459 -1,736 902 -4,078 -3,205
-1,179 -1,211 -1,372 -2,091 -1,616 1,149 206 -724 -940 -1,917 -3,024 -2,217
Net Cash Flow 700 836 -694 123 334 -86 -749 464 -540 1,488 718 -630
Free Cash Flow 1,871 1,717 1,789 5,109 -1,094 -351 -595 2,351 1,710 2,022 6,895 3,814
CFO/OP 178% 87% 114% 205% 6% 88% -11% 259% 87% 68% 178% 103%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 33 24 19 13 31 25 67 52 41 34 27 24
Inventory Days 51 45 69 35 47 37 69 45 36 42 39 40
Days Payable 104 71 81 97 89 90 165 150 94 82 97 97
Cash Conversion Cycle -20 -2 7 -49 -10 -28 -30 -52 -17 -7 -30 -32
Working Capital Days -39 -25 -38 -69 -25 -61 -39 -40 -27 -39 -45 -14
ROCE % 8% 23% 22% 30% 30% 6% -1% 3% 20% 36% 36% 39%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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LCV Domestic Sales Volume
Units
M&HCV Domestic Market Share
%
M&HCV Domestic Sales Volume
Units
LCV Distribution Touchpoints
Number
M&HCV Distribution Touchpoints
Number
Bus Body-Building Capacity
Units per year
LCV Annual Production Capacity
Units per year
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.53% 51.53% 51.53% 51.52% 51.52% 51.52% 51.52% 51.52% 51.52% 51.51% 51.51% 51.51%
16.59% 20.21% 20.48% 21.45% 22.03% 24.39% 24.09% 23.50% 23.85% 24.32% 24.41% 24.57%
20.79% 16.51% 14.66% 12.23% 14.12% 12.34% 13.04% 14.06% 13.88% 13.59% 13.73% 13.06%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
11.02% 11.66% 13.25% 14.72% 12.24% 11.66% 11.28% 10.84% 10.67% 10.51% 10.30% 10.79%
No. of Shareholders 10,99,98212,06,48213,39,74414,91,39714,75,87414,59,21214,56,04814,44,99813,92,22314,50,99114,43,91615,02,640

* 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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