Ashok Leyland Ltd

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

Ashok Leyland Ltd

₹ 178 0.06%
25 Apr - 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 the second largest manufacturer of commercial vehicles in India in the medium and heavy commercial vehicle segment, fourth largest manufacturer of buses in the world and the fifteenth largest manufacturer of trucks globally. [1]

Website BSE NSE
  • Market Cap ₹ 52,179 Cr.
  • Current Price ₹ 178
  • High / Low ₹ 192 / 142
  • Stock P/E 21.3
  • Book Value ₹ 29.9
  • Dividend Yield 2.79 %
  • ROCE 20.2 %
  • ROE 16.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 17.8%
  • Debtor days have improved from 53.4 to 41.0 days.

Cons

  • Stock is trading at 5.93 times its book value
  • Company has a low return on equity of 4.55% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4,814 7,000 2,951 4,458 5,535 8,744 7,223 8,266 9,030 11,626 8,189 9,638 9,273
4,560 6,466 3,091 4,323 5,311 7,968 6,903 7,729 8,232 10,350 7,369 8,558 8,159
Operating Profit 254 534 -140 135 224 776 320 537 797 1,276 821 1,080 1,114
OPM % 5% 8% -5% 3% 4% 9% 4% 6% 9% 11% 10% 11% 12%
-12 75 12 21 60 494 39 28 39 95 51 25 29
Interest 66 77 71 87 67 76 69 77 80 63 70 59 62
Depreciation 194 218 183 184 190 195 182 177 189 184 179 180 178
Profit before tax -18 314 -383 -116 27 999 108 312 567 1,125 622 865 903
Tax % -6% 23% 26% 28% 79% 10% 37% 36% 36% 33% 7% 35% 36%
-19 241 -282 -83 6 901 68 199 361 751 576 561 580
EPS in Rs -0.07 0.82 -0.96 -0.28 0.02 3.07 0.23 0.68 1.23 2.56 1.96 1.91 1.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
13,380 12,481 10,301 13,916 18,937 20,140 26,356 29,055 17,467 15,301 21,688 36,144 38,726
12,124 11,605 10,184 12,890 16,487 17,938 23,393 25,973 16,294 14,766 20,694 33,213 34,436
Operating Profit 1,256 876 117 1,027 2,451 2,203 2,964 3,082 1,174 535 995 2,931 4,290
OPM % 9% 7% 1% 7% 13% 11% 11% 11% 7% 4% 5% 8% 11%
42 352 622 225 -888 -199 168 106 -32 107 587 201 200
Interest 255 377 453 394 248 155 147 70 109 307 301 289 253
Depreciation 353 381 377 416 488 518 598 621 670 748 753 732 722
Profit before tax 690 471 -91 442 827 1,330 2,386 2,497 362 -412 528 2,110 3,515
Tax % 18% 8% 132% 24% 53% 8% 28% 21% 34% 24% -3% 35%
566 434 29 335 390 1,223 1,718 1,983 240 -314 542 1,380 2,469
EPS in Rs 2.13 1.63 0.11 1.18 1.37 4.30 5.87 6.76 0.82 -1.07 1.85 4.70 8.41
Dividend Payout % 47% 37% 0% 38% 69% 36% 41% 46% 61% -56% 54% 55%
Compounded Sales Growth
10 Years: 11%
5 Years: 7%
3 Years: 27%
TTM: 16%
Compounded Profit Growth
10 Years: 23%
5 Years: -5%
3 Years: 58%
TTM: 125%
Stock Price CAGR
10 Years: 23%
5 Years: 15%
3 Years: 15%
1 Year: 25%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 5%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 266 266 266 285 285 285 293 294 294 294 294 294 294
Reserves 3,946 4,189 4,182 4,834 5,123 5,841 6,953 8,039 6,970 6,684 7,043 8,132 8,498
3,098 4,355 4,690 3,350 2,415 2,145 1,226 632 3,322 3,759 3,554 3,225 2,664
4,606 4,286 3,670 4,843 4,952 5,769 8,865 9,260 5,804 7,714 9,443 10,941 10,438
Total Liabilities 11,916 13,097 12,808 13,311 12,774 14,040 17,336 18,224 16,390 18,450 20,334 22,592 21,894
4,914 5,282 5,660 5,256 4,792 4,971 5,548 5,615 6,804 7,050 6,601 6,304 6,122
CWIP 548 689 182 120 76 206 423 658 594 372 194 133 103
Investments 1,534 2,338 2,790 2,649 1,980 2,879 5,607 2,636 2,720 3,069 4,820 6,664 4,793
4,920 4,788 4,177 5,287 5,925 5,985 5,759 9,316 6,272 7,959 8,719 9,491 10,875
Total Assets 11,916 13,097 12,808 13,311 12,774 14,040 17,336 18,224 16,390 18,450 20,334 22,592 21,894

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,147 728 556 1,777 1,683 2,155 5,643 -362 941 21 2,647 2,136
-1,054 -1,165 -111 103 364 -1,477 -3,429 2,312 -2,176 -976 -1,459 -1,736
-241 417 -449 -1,179 -1,211 -1,372 -2,091 -1,616 1,149 206 -724 -940
Net Cash Flow -148 -20 -3 700 836 -694 123 334 -86 -749 464 -540

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 34 42 46 33 24 19 13 31 25 67 52 41
Inventory Days 86 76 57 51 45 69 35 47 37 69 45 36
Days Payable 99 99 106 104 71 81 97 89 90 165 150 94
Cash Conversion Cycle 20 18 -3 -20 -2 7 -49 -10 -28 -30 -52 -17
Working Capital Days -13 -8 -31 -39 -25 -35 -67 -24 -25 -11 -29 -12
ROCE % 14% 7% -2% 8% 23% 22% 30% 30% 6% -1% 3% 20%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.54% 51.54% 51.54% 51.54% 51.54% 51.54% 51.53% 51.53% 51.53% 51.53% 51.53% 51.52%
17.04% 16.33% 15.05% 13.45% 15.03% 17.59% 15.29% 14.85% 16.59% 20.21% 20.48% 21.45%
18.15% 19.55% 20.65% 21.94% 21.73% 19.50% 21.16% 22.15% 20.79% 16.51% 14.66% 12.23%
0.08% 0.08% 0.08% 0.08% 0.08% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
13.20% 12.50% 12.68% 12.99% 11.62% 11.29% 11.94% 11.40% 11.02% 11.66% 13.25% 14.72%
No. of Shareholders 10,19,24810,36,77311,60,87312,42,00811,20,96410,96,22011,30,37211,18,10710,99,98212,06,48213,39,74414,91,397

* 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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