Ashok Leyland Ltd

Ashok Leyland's main activities are those relating to the manufacture and sale of a wide range of commercial vehicles. The Company also manufactures engines for industrial and marine applications, forgings and castings.

  • Market Cap: 19,756 Cr.
  • Current Price: 67.30
  • 52 weeks High / Low 87.50 / 33.70
  • Book Value: 24.75
  • Stock P/E:
  • Dividend Yield: 0.74 %
  • ROCE: 6.20 %
  • ROE: 4.22 %
  • Sales Growth (3Yrs): -4.63 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company has been maintaining a healthy dividend payout of 49.52%
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 4.65% over past five years.

Peer comparison Sector: Automobile // Industry: Automobiles - LCVs / HCVs

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
6,076 7,191 8,780 6,263 7,621 6,325 8,846 5,684 3,930 4,016 3,838 651
5,467 6,619 7,655 5,595 6,792 5,677 7,861 5,147 3,701 3,790 3,656 984
Operating Profit 609 572 1,125 668 829 649 985 537 229 225 183 -333
OPM % 10% 8% 13% 11% 11% 10% 11% 9% 6% 6% 5% -51%
Other Income 56 304 62 35 10 15 -3 1 -19 20 -34 24
Interest 41 37 24 14 20 19 17 13 30 34 33 77
Depreciation 141 146 157 152 148 161 160 165 160 157 188 164
Profit before tax 483 693 1,006 536 671 484 806 361 19 54 -72 -550
Tax % 31% 30% 26% 21% 21% 21% 19% 36% -103% 49% 20% 29%
Net Profit 334 485 743 422 528 381 653 230 39 28 -57 -389
EPS in Rs 1.14 1.66 2.54 1.44 1.80 1.30 2.22 0.78 0.13 0.09 -0.20 -1.32
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
6,098 7,407 11,417 13,380 12,481 10,301 13,916 18,937 20,140 26,356 29,055 17,467 12,434
5,642 6,648 10,203 12,282 11,650 10,240 13,157 16,487 18,280 23,675 25,973 16,315 12,131
Operating Profit 456 760 1,214 1,098 831 61 759 2,450 1,860 2,682 3,082 1,153 303
OPM % 7% 10% 11% 8% 7% 1% 5% 13% 9% 10% 11% 7% 2%
Other Income 91 91 44 201 397 678 493 -888 143 450 106 -11 -9
Interest 160 102 189 255 377 453 394 248 155 147 70 109 174
Depreciation 178 204 267 353 381 377 416 488 518 598 621 670 669
Profit before tax 208 545 802 690 471 -91 442 827 1,330 2,386 2,497 362 -549
Tax % 9% 22% 21% 18% 8% 132% 24% 53% 8% 28% 21% 34%
Net Profit 190 424 631 566 434 29 335 390 1,223 1,718 1,983 240 -380
EPS in Rs 0.63 1.47 2.21 1.96 1.53 0.11 1.08 1.37 4.30 5.87 6.76 0.82 -1.30
Dividend Payout % 70% 47% 42% 47% 37% 0% 38% 69% 36% 41% 46% 61%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:8.96%
5 Years:4.65%
3 Years:-4.63%
TTM:-56.33%
Compounded Profit Growth
10 Years:-1.53%
5 Years:5.30%
3 Years:-39.10%
TTM:-117.39%
Stock Price CAGR
10 Years:6.20%
5 Years:-5.88%
3 Years:-15.86%
1 Year:-4.88%
Return on Equity
10 Years:13.47%
5 Years:18.78%
3 Years:18.06%
Last Year:4.22%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
133 133 133 266 266 266 285 285 285 293 294 294
Reserves 3,341 3,536 3,830 3,946 4,189 4,182 4,834 5,123 5,833 6,953 8,039 6,970
Borrowings 1,958 2,280 2,568 3,098 4,355 4,690 3,350 2,415 2,145 1,226 632 3,322
2,404 3,345 4,062 4,606 4,286 3,670 4,843 4,952 5,777 8,865 9,260 5,804
Total Liabilities 7,836 9,294 10,593 11,916 13,097 12,808 13,311 12,774 14,040 17,336 18,224 16,390
3,399 4,250 4,634 4,914 5,282 5,660 5,256 4,792 4,971 5,548 5,615 6,804
CWIP 998 561 358 548 689 182 120 76 206 423 658 594
Investments 264 326 1,230 1,534 2,338 2,790 2,649 1,980 2,879 5,607 2,636 2,720
3,175 4,157 4,372 4,920 4,788 4,177 5,287 5,925 5,985 5,759 9,316 6,272
Total Assets 7,836 9,294 10,593 11,916 13,097 12,808 13,311 12,774 14,040 17,336 18,224 16,390

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-526 1,090 591 1,147 728 556 1,777 1,683 2,155 5,643 -362 941
-664 -783 -918 -1,054 -1,165 -111 103 364 -1,477 -3,429 2,312 -2,176
459 123 -14 -241 417 -449 -1,179 -1,211 -1,372 -2,091 -1,616 1,149
Net Cash Flow -731 430 -340 -148 -20 -3 700 836 -694 123 334 -86

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 10% 16% 14% 7% -2% 8% 23% 22% 30% 30% 6%
Debtor Days 57 50 37 34 42 46 33 24 19 13 31 25
Inventory Turnover 3.54 3.54 4.28 4.30 4.46 4.97 7.77 8.80 6.65 8.50 9.42 6.39

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
51.29 51.27 51.27 51.13 51.12 51.12 51.12 51.12 51.12 51.12 51.54 51.54
23.41 22.62 23.26 23.53 22.86 21.90 19.06 18.75 17.05 19.24 16.94 15.64
10.45 11.43 11.07 10.13 9.90 9.11 10.00 10.92 12.97 12.30 14.98 14.01
0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
14.77 14.61 14.32 15.13 16.04 17.79 19.74 19.13 18.78 17.26 16.46 18.73