Ashok Leyland Ltd

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

Ashok Leyland Ltd

₹ 145 0.59%
05 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 ₹ 85,341 Cr.
  • Current Price ₹ 145
  • High / Low ₹ 215 / 115
  • Stock P/E 22.9
  • Book Value ₹ 24.2
  • Dividend Yield 2.41 %
  • ROCE 13.8 %
  • ROE 28.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 85.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
  • Company has been maintaining a healthy dividend payout of 58.9%
  • Debtor days have improved from 25.4 to 20.0 days.

Cons

  • Stock is trading at 5.99 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

Consolidated Figures in Rs. Crores / View Standalone

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
13,203 9,691 11,429 11,093 13,542 10,724 11,148 11,995 14,696 11,709 12,577 14,830 17,246
11,245 8,183 9,559 9,131 10,975 8,856 9,108 9,659 11,705 9,535 10,136 12,008 13,938
Operating Profit 1,958 1,509 1,870 1,961 2,567 1,868 2,040 2,336 2,991 2,173 2,441 2,822 3,308
OPM % 15% 16% 16% 18% 19% 17% 18% 19% 20% 19% 19% 19% 19%
97 53 -1 46 10 36 245 75 22 103 103 -140 186
Interest 582 655 715 783 829 904 962 1,011 1,053 1,112 1,152 1,200 1,241
Depreciation 259 227 227 241 233 235 244 268 340 273 268 282 314
Profit before tax 1,214 679 927 984 1,516 765 1,078 1,132 1,621 891 1,124 1,200 1,940
Tax % 34% 14% 39% 38% 38% 28% 29% 28% 23% 26% 27% 28% 29%
803 584 569 609 934 551 767 820 1,246 658 820 862 1,381
EPS in Rs 1.28 0.93 0.90 0.95 1.45 0.87 1.20 1.30 1.92 1.04 1.29 1.38 2.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
15,708 21,260 22,871 29,636 33,197 21,951 19,454 26,237 41,673 45,703 48,535 56,362
14,191 18,281 19,826 25,387 28,287 18,718 16,992 23,472 36,580 37,848 39,327 45,617
Operating Profit 1,517 2,979 3,045 4,248 4,910 3,233 2,462 2,765 5,093 7,856 9,208 10,745
OPM % 10% 14% 13% 14% 15% 15% 13% 11% 12% 17% 19% 19%
-106 -321 406 190 139 57 207 -230 166 160 405 252
Interest 872 925 1,049 1,227 1,502 1,802 1,901 1,869 2,094 2,982 3,930 4,705
Depreciation 580 524 573 646 676 750 836 866 900 927 1,087 1,138
Profit before tax -42 1,209 1,829 2,565 2,872 739 -67 -200 2,265 4,106 4,596 5,155
Tax % 415% 41% 11% 29% 24% 38% 4% 43% 40% 34% 26% 28%
-205 712 1,633 1,814 2,195 460 -70 -285 1,359 2,696 3,383 3,721
EPS in Rs 0.24 1.20 2.79 3.01 3.54 0.57 -0.28 -0.61 2.11 4.23 5.29 5.91
Dividend Payout % 96% 40% 28% 40% 44% 44% -107% -82% 62% 59% 59% 59%
Compounded Sales Growth
10 Years: 10%
5 Years: 24%
3 Years: 11%
TTM: 16%
Compounded Profit Growth
10 Years: 15%
5 Years: 85%
3 Years: 46%
TTM: 22%
Stock Price CAGR
10 Years: 11%
5 Years: 18%
3 Years: 24%
1 Year: 20%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 28%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 4,227 4,979 6,108 7,128 8,452 7,495 7,568 7,010 8,258 8,711 11,938 13,654
9,070 11,054 13,168 15,791 19,168 22,417 24,077 24,145 31,161 40,802 49,962 63,936
6,011 5,806 7,048 10,171 11,212 7,924 10,119 12,125 14,984 17,788 19,352 22,863
Total Liabilities 19,592 22,123 26,609 33,383 39,126 38,130 42,058 43,574 54,697 67,595 81,546 101,041
6,529 5,890 6,591 6,596 6,695 8,031 8,484 7,895 8,146 8,157 8,837 10,826
CWIP 216 87 244 439 678 574 336 240 268 415 577 549
Investments 1,499 1,031 1,933 4,383 1,492 960 1,096 2,652 4,852 2,329 6,610 7,467
11,348 15,115 17,841 21,965 30,261 28,565 32,143 32,787 41,430 56,695 65,523 82,199
Total Assets 19,592 22,123 26,609 33,383 39,126 38,130 42,058 43,574 54,697 67,595 81,546 101,041

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
95 -1,275 270 1,462 -3,745 383 -1,065 2,845 -4,499 -6,258 128 -4,895
-124 456 -1,676 -3,163 1,897 -1,201 -973 -1,917 -2,904 1,135 -5,759 -7,016
781 1,660 738 1,905 2,398 1,239 1,331 -378 7,281 8,432 6,958 11,617
Net Cash Flow 752 841 -668 205 549 421 -707 550 -122 3,309 1,327 -293
Free Cash Flow 162 -1,331 -166 823 -4,841 -940 -1,791 2,443 -5,353 -7,346 -1,471 -7,712
CFO/OP 14% -25% 24% 48% -61% 19% -45% 105% -77% -69% 14% -32%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 31 25 20 14 30 25 57 45 37 31 25 20
Inventory Days 58 50 73 42 52 42 76 53 44 50 49 50
Days Payable 108 71 85 96 88 90 162 150 96 85 99 100
Cash Conversion Cycle -19 5 8 -39 -6 -22 -30 -52 -16 -4 -24 -30
Working Capital Days -41 -23 -21 -54 -13 -31 -44 -52 -34 -45 -32 -1
ROCE % 8% 17% 15% 17% 16% 9% 5% 6% 11% 15% 14% 14%

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 ・Standalone data
M&HCV Domestic Market Share
% ・Standalone data
M&HCV Domestic Sales Volume
Units ・Standalone data
LCV Distribution Touchpoints
Number ・Standalone data
M&HCV Distribution Touchpoints
Number ・Standalone data
Bus Body-Building Capacity
Units per year ・Standalone data
LCV Annual Production Capacity
Units per year ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

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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