Ashok Leyland Ltd

Ashok Leyland is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles, automotive aggregates, vehicle financing and engineering design services.

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is providing a good dividend yield of 3.91%.
Company has a good return on equity (ROE) track record: 3 Years ROE 25.45%
Company has been maintaining a healthy dividend payout of 41.20%
Cons:

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

Loading peers table ...

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
4,259 4,622 4,516 6,654 4,258 6,076 7,191 8,780 6,250 7,621 6,325 8,846
3,777 4,086 4,126 5,924 3,954 5,467 6,619 7,655 5,612 6,792 5,677 7,860
Operating Profit 482 536 390 730 303 609 572 1,125 638 829 649 985
OPM % 11% 12% 9% 11% 7% 10% 8% 13% 10% 11% 10% 11%
Other Income 88 38 26 -288 26 56 304 62 39 10 15 -3
Interest 34 34 45 42 37 41 37 24 12 20 19 17
Depreciation 121 126 131 139 132 141 146 157 143 148 161 160
Profit before tax 415 415 240 260 160 483 693 1,006 522 671 484 806
Tax % 30% 29% 32% -83% 31% 31% 30% 26% 29% 21% 21% 19%
Net Profit 291 294 162 476 111 334 485 743 370 528 381 653
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
7,935 6,098 7,407 11,417 13,380 12,481 10,301 13,916 18,937 20,140 26,356 29,055
7,128 5,642 6,648 10,203 12,282 11,650 10,240 13,157 16,487 18,280 23,675 25,973
Operating Profit 808 456 760 1,214 1,098 831 61 759 2,450 1,860 2,682 3,082
OPM % 10% 7% 10% 11% 8% 7% 1% 5% 13% 9% 10% 11%
Other Income 84 91 91 44 201 397 678 493 -888 143 450 106
Interest 76 160 102 189 255 377 453 394 248 155 147 70
Depreciation 177 178 204 267 353 381 377 416 488 518 598 621
Profit before tax 638 208 545 802 690 471 -91 442 827 1,330 2,386 2,497
Tax % 26% 9% 22% 21% 18% 8% 132% 24% 53% 8% 28% 21%
Net Profit 469 190 424 631 566 434 29 335 390 1,223 1,718 1,983
EPS in Rs 1.64 0.63 1.47 2.21 1.96 1.53 0.11 1.08 1.37 4.30 5.87 6.76
Dividend Payout % 43% 70% 47% 42% 47% 37% 0% 38% 69% 36% 41% 46%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:16.90%
5 Years:23.05%
3 Years:15.34%
TTM:10.24%
Compounded Profit Growth
10 Years:27.24%
5 Years:%
3 Years:36.99%
TTM:16.66%
Return on Equity
10 Years:14.70%
5 Years:20.40%
3 Years:25.45%
Last Year:25.53%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
133 133 133 133 266 266 266 285 285 285 293 294
Reserves 2,016 3,341 3,536 3,830 3,946 4,189 4,182 4,834 5,123 5,833 6,953 8,039
Borrowings 888 1,958 2,280 2,568 3,098 4,355 4,690 3,350 2,415 2,145 1,226 632
2,542 2,479 3,371 4,086 4,631 4,347 3,887 4,944 5,376 6,391 9,292 9,937
Total Liabilities 5,578 7,911 9,321 10,617 11,942 13,157 13,025 13,412 13,198 14,654 17,764 18,902
1,526 3,399 4,250 4,634 4,914 5,282 5,660 5,256 4,792 4,971 5,548 5,615
CWIP 529 998 561 358 548 689 182 120 76 206 423 658
Investments 610 264 326 1,230 1,534 2,338 2,790 2,649 1,980 2,879 5,607 2,636
2,914 3,250 4,183 4,395 4,945 4,849 4,394 5,388 6,349 6,599 6,186 9,993
Total Assets 5,578 7,911 9,321 10,617 11,942 13,157 13,025 13,412 13,198 14,654 17,764 18,902

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1,066 -526 1,090 591 1,147 728 556 1,777 1,683 2,155 5,643 -362
-810 -664 -783 -918 -1,054 -1,165 -111 103 364 -1,477 -3,429 2,312
365 459 123 -14 -241 417 -449 -1,179 -1,211 -1,372 -2,091 -1,616
Net Cash Flow 621 -731 430 -340 -148 -20 -3 700 836 -694 123 334

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 25% 8% 10% 16% 14% 7% -2% 8% 23% 22% 30% 30%
Debtor Days 17 57 50 37 34 42 46 33 24 19 13 31
Inventory Turnover 6.92 4.78 4.99 5.94 6.03 6.05 6.68 10.76 12.53 9.46 12.01 13.08