Ashok Leyland Ltd

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

Ashok Leyland Ltd

₹ 232 0.84%
13 Dec - 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 ₹ 68,110 Cr.
  • Current Price ₹ 232
  • High / Low ₹ 265 / 158
  • Stock P/E 26.4
  • Book Value ₹ 35.1
  • Dividend Yield 2.13 %
  • ROCE 15.0 %
  • ROE 28.4 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 6.60 times its book value
  • Promoters have pledged 27.2% 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 400 MidSmallCap Index Nifty500 Multicap India Manufacturing 50:30:20 Nifty500 Multicap Infrastructure 50:30:20 BSE Industrials BSE 150 MidCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
5,562 6,660 9,927 8,470 9,600 10,400 13,203 9,691 11,429 11,093 13,578 10,724 11,148
4,987 6,002 8,733 7,701 8,580 9,055 11,245 8,183 9,559 9,131 10,975 8,856 9,108
Operating Profit 576 658 1,194 770 1,020 1,344 1,958 1,509 1,870 1,961 2,603 1,868 2,040
OPM % 10% 10% 12% 9% 11% 13% 15% 16% 16% 18% 19% 17% 18%
25 -34 -233 5 32 36 97 53 -1 46 -25 36 245
Interest 479 465 463 467 499 545 582 655 715 783 829 904 962
Depreciation 207 214 234 212 209 220 259 227 227 241 233 235 244
Profit before tax -84 -56 264 96 344 615 1,214 679 927 984 1,516 765 1,078
Tax % -1% 92% 40% 77% 46% 43% 34% 14% 39% 38% 38% 28% 29%
-84 -108 158 22 186 351 803 584 569 609 934 551 767
EPS in Rs -0.35 -0.41 0.48 0.02 0.56 1.09 2.56 1.85 1.79 1.91 2.91 1.73 2.40
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
11,859 15,708 21,260 22,871 29,636 33,197 21,951 19,454 26,237 41,673 45,791 46,542
11,437 14,191 18,281 19,826 25,387 28,287 18,718 16,992 23,472 36,580 37,848 38,070
Operating Profit 422 1,517 2,979 3,045 4,248 4,910 3,233 2,462 2,765 5,093 7,943 8,472
OPM % 4% 10% 14% 13% 14% 15% 15% 13% 11% 12% 17% 18%
613 -106 -321 406 190 139 57 207 -230 166 73 302
Interest 805 872 925 1,049 1,227 1,502 1,802 1,901 1,869 2,094 2,982 3,478
Depreciation 530 580 524 573 646 676 750 836 866 900 927 953
Profit before tax -300 -42 1,209 1,829 2,565 2,872 739 -67 -200 2,265 4,106 4,343
Tax % -23% 415% 41% 11% 29% 24% 38% 4% 43% 40% 34%
-222 -205 712 1,633 1,814 2,195 460 -70 -285 1,359 2,696 2,860
EPS in Rs -0.62 0.47 2.40 5.58 6.01 7.08 1.15 -0.56 -1.22 4.22 8.46 8.95
Dividend Payout % 0% 96% 40% 28% 40% 44% 44% -107% -82% 62% 59%
Compounded Sales Growth
10 Years: 14%
5 Years: 7%
3 Years: 33%
TTM: 4%
Compounded Profit Growth
10 Years: 21%
5 Years: 4%
3 Years: 206%
TTM: 22%
Stock Price CAGR
10 Years: 17%
5 Years: 24%
3 Years: 23%
1 Year: 33%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 16%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 266 285 285 285 293 294 294 294 294 294 294 294
Reserves 3,723 4,227 4,979 6,108 7,128 8,452 7,495 7,568 7,010 8,258 8,711 10,018
8,500 9,070 11,054 13,168 15,791 19,168 22,417 24,077 24,145 31,161 40,802 44,298
5,035 6,011 5,806 7,048 10,171 11,212 7,924 10,119 12,125 14,984 17,788 15,991
Total Liabilities 17,524 19,592 22,123 26,609 33,383 39,126 38,130 42,058 43,574 54,697 67,595 70,600
7,573 6,529 5,890 6,591 6,596 6,695 8,031 8,484 7,895 8,146 8,157 8,589
CWIP 297 216 87 244 439 678 574 336 240 268 415 219
Investments 1,165 1,499 1,031 1,933 4,383 1,492 960 1,096 2,652 4,852 2,329 3,953
8,491 11,348 15,115 17,841 21,965 30,261 28,565 32,143 32,787 41,430 56,695 57,839
Total Assets 17,524 19,592 22,123 26,609 33,383 39,126 38,130 42,058 43,574 54,697 67,595 70,600

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-104 95 -1,275 270 1,462 -3,745 383 -1,065 2,845 -4,499 -6,258
-378 -124 456 -1,676 -3,163 1,897 -1,201 -973 -1,917 -2,904 1,135
461 781 1,660 738 1,905 2,398 1,239 1,331 -378 7,281 8,432
Net Cash Flow -20 752 841 -668 205 549 421 -707 550 -122 3,309

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 31 25 20 14 30 25 57 45 37 31
Inventory Days 69 58 50 73 42 52 42 76 53 44 50
Days Payable 116 108 71 85 96 88 90 162 150 96 85
Cash Conversion Cycle -5 -19 5 8 -39 -6 -22 -30 -52 -16 -4
Working Capital Days -6 -22 -5 -5 -31 10 16 113 68 66 66
ROCE % 8% 17% 15% 17% 16% 9% 5% 6% 11% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.54% 51.54% 51.54% 51.54% 51.53% 51.53% 51.53% 51.53% 51.53% 51.52% 51.52% 51.52%
15.05% 13.45% 15.03% 17.59% 15.29% 14.85% 16.59% 20.21% 20.48% 21.45% 22.03% 24.39%
20.65% 21.94% 21.73% 19.50% 21.16% 22.15% 20.79% 16.51% 14.66% 12.23% 14.12% 12.34%
0.08% 0.08% 0.08% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
12.68% 12.99% 11.62% 11.29% 11.94% 11.40% 11.02% 11.66% 13.25% 14.72% 12.24% 11.66%
No. of Shareholders 11,60,87312,42,00811,20,96410,96,22011,30,37211,18,10710,99,98212,06,48213,39,74414,91,39714,75,87414,59,212

* 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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Documents

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