Ashok Leyland Limited ASHOKLEY NIFTY_MIDNSEINFRA
Company Overview
Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India. It operates in Commercial Vehicle and Financial Service segments. The company offers ICV trucks, haulage vehicles, tractors, and tippers; buses; light commercial vehicle goods carriers and passenger vehicles, and small commercial vehicle goods carriers; defense vehicles, such as armored, high mobility, specialist, and logistics vehicles; transit mixers for use in construction and mining operations; and tanker trucks, reefers, ambulances, and other custom-built vehicles. It also provides power solutions, such as diesel gensets, agriculture and industrial non-emission and emission engines, and marine genset and propulsion engines; spare parts; forgings and castings; manpower supply, air chartering, and IT services; and vehicle and housing financing services. In addition, the company trades in commercial vehicles; and operates retail parts stores. Further, it provides at-site and e-commerce service support; AL Revive Program, which restores accident vehicles; technical and driving training; AL Care, a one-stop solution designed to take care of service needs; iAlert, a telematics solution for vehicle and fuel platforms; uptime solution centers; AL Live, which provides live location tracking of mobile service vans; Re-AL, a vehicle buying, selling, and exchange platform; and LeyKart app. The company serves various customer categories, including commercial fleet operators, retail customers, government, industrial customers, defense and military customers, and special application vehicle customers through its distributors. It also exports its products to the Middle East, Africa, South Asia, Latin America, and the Commonwealth of Independent States countries. Ashok Leyland Limited was incorporated in 1948 and is headquartered in Chennai, India. Ashok Leyland Limited operates as a subsidiary of Hinduja Automotive Limited.
Why Investors Should Care
Generates a return on equity of 24.4%, reflecting efficient use of shareholder capital.
Net profit has compounded at 41.0% per year over the last five years.
Revenue has grown at a 10.6% CAGR over the past five years.
Trades at a P/E of 28.6, below the sector median of 28.9.
Operating margin of 19.6% supports profitability.
Recent Developments
- Mar 2026 Revenue of ₹56,076.03 Cr (+16.0% YoY); net profit ₹3,471.03 Cr.
- Trailing 12 Months Year-on-year growth — revenue +16.0%, earnings +11.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 10.6%, profit CAGR 41.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 10.56% |
| 1 Year: | 16.00% |
Compounded Profit Growth
| 5 Years: | 40.98% |
| 1 Year: | 11.72% |
Stock Price Performance
| 1 Year: | +44.98% |
| 6 Months: | -11.71% |
| 3 Months: | +17.52% |
| 1 Month: | -4.79% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)46.57 · Neutral
P/E of 28.60 is below the sector median of 28.90 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 24.4%.
- Compounding revenue at 10.6% over 5 years.
- Profit CAGR of 41.0% over 5 years.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ASHOKLEY Ashok Leyland Limited NIFTY_MIDNSEINFRA | 169.00 | 28.60 | ₹99,268.14 Cr | 1.97% | 14.52% | 24.37% | 10.56% | 40.98% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,964.10 | 33.92 | ₹5.45 L Cr | 0.94% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,707.30 | 29.32 | ₹3.93 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,856.00 | 35.63 | ₹3.25 L Cr | 0.41% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 405.35 | 48.90 | ₹2.96 L Cr | 0.63% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,977.00 | -80.43 | ₹1.92 L Cr | 0.24% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | ABB ABB India Limited NSEAIINFRA | 7,410.00 | 94.12 | ₹1.57 L Cr | 0.51% | 28.45% | 21.29% | 15.41% | 17.97% |
| 8 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 431.10 | 93.72 | ₹1.50 L Cr | 0.34% | 6.60% | 6.12% | 13.49% | 35.91% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,977.00 | 51.47 | ₹1.42 L Cr | 0.46% | 16.46% | 19.90% | 3.04% | 10.90% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13,203.00 Cr | 9,691.00 Cr | 11,429.00 Cr | 11,093.00 Cr | 13,542.00 Cr | 10,724.00 Cr | - | - | 14,636.95 Cr | 11,656.73 Cr | 12,518.45 Cr | 14,761.95 Cr | 17,138.90 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 9,006.75 Cr | 6,795.50 Cr | 7,352.72 Cr | 8,975.81 Cr | 10,731.92 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 5,630.20 Cr | 4,861.23 Cr | 5,165.73 Cr | 5,786.14 Cr | 6,406.98 Cr |
| Operating Expenses | 11,245.00 Cr | 8,183.00 Cr | 9,559.00 Cr | 9,131.00 Cr | 10,975.00 Cr | 8,856.00 Cr | - | - | 2,800.27 Cr | 2,642.00 Cr | 2,647.37 Cr | 2,882.82 Cr | 3,206.21 Cr |
| Operating Income | 1,699.00 Cr | 1,282.00 Cr | 1,643.00 Cr | 1,720.00 Cr | 2,334.00 Cr | 1,633.00 Cr | - | - | 2,829.93 Cr | 2,219.23 Cr | 2,518.36 Cr | 2,903.32 Cr | 3,200.77 Cr |
| EBITDA | 1,958.00 Cr | 1,509.00 Cr | 1,870.00 Cr | 1,961.00 Cr | 2,567.00 Cr | 1,868.00 Cr | - | - | 3,013.20 Cr | 2,276.54 Cr | 2,544.13 Cr | 2,681.93 Cr | 3,494.40 Cr |
| Interest Expense | 582.00 Cr | 655.00 Cr | 715.00 Cr | 783.00 Cr | 829.00 Cr | 904.00 Cr | - | - | 1,052.82 Cr | 1,111.90 Cr | 1,152.02 Cr | 1,200.12 Cr | 1,240.61 Cr |
| Pretax Income | 1,214.00 Cr | 679.00 Cr | 927.00 Cr | 984.00 Cr | 1,516.00 Cr | 765.00 Cr | - | - | 1,620.58 Cr | 891.41 Cr | 1,124.01 Cr | 1,199.59 Cr | 1,939.78 Cr |
| Tax Provision | 412.76 Cr | 95.06 Cr | 361.53 Cr | 373.92 Cr | 576.08 Cr | 214.20 Cr | - | - | 374.66 Cr | 233.69 Cr | 304.31 Cr | 337.35 Cr | 558.46 Cr |
| Net Income | 803.00 Cr | 584.00 Cr | 569.00 Cr | 609.00 Cr | 934.00 Cr | 551.00 Cr | - | - | 1,130.09 Cr | 611.07 Cr | 755.77 Cr | 813.49 Cr | 1,290.70 Cr |
| Diluted EPS | 1.28 | 0.93 | 0.90 | 0.95 | 1.45 | 0.87 | - | - | 1.92 | 0.52 | 1.29 | 1.38 | 2.20 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15,708.00 Cr | 21,260.00 Cr | 22,871.00 Cr | 29,636.00 Cr | 33,197.00 Cr | 21,951.00 Cr | 19,454.00 Cr | - | 41,488.30 Cr | 45,517.26 Cr | 48,341.76 Cr | 56,076.03 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 28,935.55 Cr | 29,346.76 Cr | 29,781.55 Cr | 33,963.61 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 12,552.75 Cr | 16,170.50 Cr | 18,560.21 Cr | 22,112.42 Cr |
| Operating Expenses | 14,191.00 Cr | 18,281.00 Cr | 19,826.00 Cr | 25,387.00 Cr | 28,287.00 Cr | 18,718.00 Cr | 16,992.00 Cr | - | 7,713.29 Cr | 8,669.37 Cr | 9,787.16 Cr | 11,111.06 Cr |
| Operating Income | 937.00 Cr | 2,455.00 Cr | 2,472.00 Cr | 3,602.00 Cr | 4,234.00 Cr | 2,483.00 Cr | 1,626.00 Cr | - | 4,839.46 Cr | 7,501.13 Cr | 8,773.05 Cr | 11,001.36 Cr |
| EBITDA | 1,517.00 Cr | 2,979.00 Cr | 3,045.00 Cr | 4,248.00 Cr | 4,910.00 Cr | 3,233.00 Cr | 2,462.00 Cr | - | 5,258.65 Cr | 8,015.61 Cr | 9,613.19 Cr | 10,997.00 Cr |
| Interest Expense | 872.00 Cr | 925.00 Cr | 1,049.00 Cr | 1,227.00 Cr | 1,502.00 Cr | 1,802.00 Cr | 1,901.00 Cr | - | 2,093.50 Cr | 2,982.25 Cr | 3,930.21 Cr | 4,704.65 Cr |
| Pretax Income | -42.00 Cr | 1,209.00 Cr | 1,829.00 Cr | 2,565.00 Cr | 2,872.00 Cr | 739.00 Cr | -67.00 Cr | - | 2,264.93 Cr | 4,106.07 Cr | 4,596.33 Cr | 5,154.79 Cr |
| Tax Provision | -174.30 Cr | 495.69 Cr | 201.19 Cr | 743.85 Cr | 689.28 Cr | 280.82 Cr | -2.68 Cr | - | 906.11 Cr | 1,409.73 Cr | 1,213.54 Cr | 1,433.81 Cr |
| Net Income | -205.00 Cr | 712.00 Cr | 1,633.00 Cr | 1,814.00 Cr | 2,195.00 Cr | 460.00 Cr | -70.00 Cr | - | 1,238.71 Cr | 2,483.52 Cr | 3,106.80 Cr | 3,471.03 Cr |
| Diluted EPS | 0.24 | 1.20 | 2.79 | 3.01 | 3.54 | 0.57 | -0.28 | - | 2.10 | 4.22 | 5.28 | 5.91 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 19,592.00 Cr | 22,123.00 Cr | 26,609.00 Cr | 33,383.00 Cr | 39,126.00 Cr | 38,130.00 Cr | 42,058.00 Cr | - | 54,746.01 Cr | 67,595.60 Cr | 81,714.64 Cr | 1.01 L Cr |
| Current Assets | - | - | - | - | - | - | - | - | 24,243.44 Cr | 29,126.70 Cr | 34,240.24 Cr | 43,742.32 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 1,908.58 Cr | 5,217.32 Cr | 6,544.77 Cr | 6,280.89 Cr |
| Inventory | - | - | - | - | - | - | - | - | 3,440.43 Cr | 4,008.01 Cr | 3,986.08 Cr | 4,671.80 Cr |
| Receivables | - | - | - | - | - | - | - | - | 4,187.36 Cr | 3,898.15 Cr | 3,346.87 Cr | 3,087.44 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 43,950.20 Cr | 55,781.01 Cr | 65,869.78 Cr | 82,494.50 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 22,454.95 Cr | 26,679.93 Cr | 26,551.46 Cr | 33,117.68 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 19,502.86 Cr | 26,695.71 Cr | 36,382.92 Cr | 46,016.36 Cr |
| Total Debt | 9,070.00 Cr | 11,054.00 Cr | 13,168.00 Cr | 15,791.00 Cr | 19,168.00 Cr | 22,417.00 Cr | 24,077.00 Cr | - | 31,160.93 Cr | 40,802.18 Cr | 49,962.11 Cr | 63,935.70 Cr |
| Total Equity | 4,512.00 Cr | 5,264.00 Cr | 6,393.00 Cr | 7,421.00 Cr | 8,746.00 Cr | 7,789.00 Cr | 7,862.00 Cr | - | 8,551.76 Cr | 9,004.62 Cr | 12,232.09 Cr | 14,241.69 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 587.23 Cr | 587.27 Cr | 587.31 Cr | 587.39 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 95.00 Cr | -1,275.00 Cr | 270.00 Cr | 1,462.00 Cr | -3,745.00 Cr | 383.00 Cr | -1,065.00 Cr | - | -4,499.26 Cr | -6,257.98 Cr | 128.47 Cr | -4,894.71 Cr |
| Investing Cash Flow | -124.00 Cr | 456.00 Cr | -1,676.00 Cr | -3,163.00 Cr | 1,897.00 Cr | -1,201.00 Cr | -973.00 Cr | - | -2,934.96 Cr | 1,135.38 Cr | -5,758.27 Cr | -7,015.79 Cr |
| Financing Cash Flow | 781.00 Cr | 1,660.00 Cr | 738.00 Cr | 1,905.00 Cr | 2,398.00 Cr | 1,239.00 Cr | 1,331.00 Cr | - | 7,280.59 Cr | 8,431.59 Cr | 6,957.58 Cr | 11,617.23 Cr |
| Capital Expenditure | 67.00 Cr | -56.00 Cr | -436.00 Cr | -639.00 Cr | -1,096.00 Cr | -1,323.00 Cr | -726.00 Cr | - | -929.10 Cr | -1,133.54 Cr | -1,648.08 Cr | -2,945.48 Cr |
| Free Cash Flow | 162.00 Cr | -1,331.00 Cr | -166.00 Cr | 823.00 Cr | -4,841.00 Cr | -940.00 Cr | -1,791.00 Cr | - | -5,428.36 Cr | -7,391.52 Cr | -1,519.61 Cr | -7,840.19 Cr |
| Net Change in Cash | 752.00 Cr | 841.00 Cr | -668.00 Cr | 205.00 Cr | 549.00 Cr | 421.00 Cr | -707.00 Cr | - | -153.63 Cr | 3,308.99 Cr | 1,327.78 Cr | -293.27 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 30.3% | 35.5% | 38.4% | 39.4% |
| Operating Margin % | 6.0% | 11.5% | 10.8% | 12.2% | 12.8% | 11.3% | 8.4% | - | 11.7% | 16.5% | 18.1% | 19.6% |
| Net Margin % | -1.3% | 3.3% | 7.1% | 6.1% | 6.6% | 2.1% | -0.4% | - | 3.0% | 5.5% | 6.4% | 6.2% |
| ROE % | -4.5% | 13.5% | 25.5% | 24.4% | 25.1% | 5.9% | -0.9% | - | 14.5% | 27.6% | 25.4% | 24.4% |
| ROCE % | - | - | - | - | - | - | - | - | 15.0% | 18.3% | 15.9% | 16.2% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ASHOKLEY
Ashok Leyland (NSEI:ASHOKLEY) Stock Sees Modest Fair Value Lift On Growth And Multiple Changes - Yahoo Finance
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Ashok Leyland (NSEI:ASHOKLEY) Stock Fair Value Moves Lower On More Cautious Analyst Assumptions - Yahoo Finance
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Ashok Leyland Limited's (NSE:ASHOKLEY) Share Price Not Quite Adding Up - simplywall.st
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ASHOKLEY — Frequently Asked Questions
What is the current share price of Ashok Leyland Limited (ASHOKLEY)?
As of 2026-09-08 04:53 IST, Ashok Leyland Limited (ASHOKLEY) trades at ₹169.00 on NSE. Its 52-week range is ₹116.57 to ₹208.37.
What is the market capitalisation of ASHOKLEY?
Ashok Leyland Limited (ASHOKLEY) has a market capitalisation of ₹99,268.14 Cr on NSE.
What is the P/E ratio of ASHOKLEY?
ASHOKLEY trades at a trailing price-to-earnings (P/E) ratio of 28.60. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 7.32.
Does ASHOKLEY pay a dividend?
Ashok Leyland Limited (ASHOKLEY) currently offers a dividend yield of 1.97%.
What is the return on equity (ROE) of ASHOKLEY?
ASHOKLEY has a return on equity (ROE) of 24.37%. Its return on capital employed (ROCE) is 14.52%.
Is ASHOKLEY a good stock to buy?
This page provides a data-driven analysis of Ashok Leyland Limited (ASHOKLEY), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.