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Ashok Leyland Limited ASHOKLEY NIFTY_MIDNSEINFRA

Industrials · Farm & Heavy Construction Machinery · India
https://www.ashokleyland.com
Company Profile ↓
₹146.74
+25.88% 1Y
Mkt Cap₹86,192.94 Cr
P/E24.79
P/B5.98
Div. Yield2.35%
52W High₹208.37
52W Low₹116.57
Book Value₹24.25
EPS (TTM)₹5.92

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

Strong Return on Equity

Generates a return on equity of 24.4%, reflecting efficient use of shareholder capital.

Consistent Profit Growth

Net profit has compounded at 41.0% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 10.6% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 24.8, below the sector median of 25.9.

Healthy Margins

Operating margin of 19.6% supports profitability.

Dividend Income

Offers a dividend yield of 2.35%.

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 +11.6%, earnings +1.0%.
  • 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:11.60%

Compounded Profit Growth

5 Years:40.98%
1 Year:1.00%

Stock Price Performance

1 Year:+25.88%
6 Months:-11.85%
3 Months:-2.60%
1 Month:-9.28%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 33% of range
₹116.57 ₹208.37
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)38.01 · Neutral
Price Performance
1M-9.28%
3M-2.60%
6M-11.85%
1Y+25.88%
Valuation vs Sector

P/E of 24.79 is below the sector median of 25.87 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

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

  • Trading 29.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
24.79
Industry PE
25.87
Forward P/E
18.07
PEG Ratio
-
Book Value
₹24.25
Price to Book
5.98
P/S
1.48
EV/EBITDA
11.01
Dividend Yield
2.35%

Growth (CAGR)

Revenue 5Y
10.56%
Profit 5Y
40.98%
Revenue (YoY)
11.60%
Earnings (YoY)
1.00%

Profitability & Returns

ROCE
14.52%
ROE
24.37%
ROA
3.44%
Profit Margin
6.02%
Op Margin
19.65%
Gross Margin
40.06%
EPS (Latest Qtr)
₹1.05
EPS (TTM)
₹5.92

Balance Sheet & Liquidity

Debt/Equity
3.45
Quick Ratio
1.18
Current Ratio
1.32
Debt
₹63,935.70 Cr
Total Assets
₹1.01 L Cr
Current Assets
₹43,742.32 Cr
Working Capital
₹10,624.64 Cr

Ownership

Promoter Holding
36.36%
Chg in Prom Hold
-3.77%
FII / Inst Holding
31.66%
Chg in FII Hold
-2.58%

Financial Snapshot

Enterprise Value
₹86,192.94 Cr
Total Revenue (TTM)
₹57,723.13 Cr
EBITDA
₹12,390.35 Cr
Free Cash Flow
₹-7,840.19 Cr
Operating Cash Flow
₹-4,894.71 Cr
Shares Outstanding
₹587.39 Cr
Gross Margin
40.06%
Payout Ratio
59.12%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ASHOKLEY Ashok Leyland Limited NIFTY_MIDNSEINFRA 146.74 24.79 ₹86,192.94 Cr 2.35% 14.52% 24.37% 10.56% 40.98%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,636.00 30.16 ₹5.00 L Cr 1.05% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,748.80 29.85 ₹4.03 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,854.40 34.83 ₹3.25 L Cr 0.97% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 371.20 44.19 ₹2.71 L Cr 0.66% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,641.50 -37.32 ₹1.79 L Cr 0.00% 4.02% -34.31% 15.55% -227.40%
7 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 410.20 58.68 ₹1.43 L Cr 0.31% 6.60% 6.12% 13.49% 35.91%
8 ABB ABB India Limited NSEAIINFRA 6,559.50 89.35 ₹1.39 L Cr 0.44% 28.45% 19.13% 15.41% 17.97%
9 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 821.00 103.53 ₹1.29 L Cr 0.15% 19.35% 15.13% 21.22% 7.81%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 13,203.00 Cr9,691.00 Cr11,429.00 Cr11,093.00 Cr13,542.00 Cr10,724.00 Cr---11,656.73 Cr12,518.45 Cr14,761.95 Cr17,138.90 Cr13,020.01 Cr
Cost of Revenue ---------6,795.50 Cr7,352.72 Cr8,975.81 Cr10,731.92 Cr7,538.10 Cr
Gross Profit ---------4,861.23 Cr5,165.73 Cr5,786.14 Cr6,406.98 Cr5,481.91 Cr
Operating Expenses 11,245.00 Cr8,183.00 Cr9,559.00 Cr9,131.00 Cr10,975.00 Cr8,856.00 Cr---2,642.00 Cr2,647.37 Cr2,882.82 Cr3,206.21 Cr2,914.42 Cr
Operating Income 1,699.00 Cr1,282.00 Cr1,643.00 Cr1,720.00 Cr2,334.00 Cr1,633.00 Cr---2,219.23 Cr2,518.36 Cr2,903.32 Cr3,200.77 Cr2,567.49 Cr
EBITDA 1,958.00 Cr1,509.00 Cr1,870.00 Cr1,961.00 Cr2,567.00 Cr1,868.00 Cr---2,276.54 Cr2,544.13 Cr2,681.93 Cr3,494.40 Cr2,604.86 Cr
Interest Expense 582.00 Cr655.00 Cr715.00 Cr783.00 Cr829.00 Cr904.00 Cr---1,111.90 Cr1,152.02 Cr1,200.12 Cr1,240.61 Cr1,340.60 Cr
Pretax Income 1,214.00 Cr679.00 Cr927.00 Cr984.00 Cr1,516.00 Cr765.00 Cr---891.41 Cr1,124.01 Cr1,199.59 Cr1,939.78 Cr949.72 Cr
Tax Provision 412.76 Cr95.06 Cr361.53 Cr373.92 Cr576.08 Cr214.20 Cr---233.69 Cr304.31 Cr337.35 Cr558.46 Cr281.95 Cr
Net Income 803.00 Cr584.00 Cr569.00 Cr609.00 Cr934.00 Cr551.00 Cr---611.07 Cr755.77 Cr813.49 Cr1,290.70 Cr615.81 Cr
Diluted EPS 1.280.930.900.951.450.87---1.041.291.382.201.05

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 15,708.00 Cr21,260.00 Cr22,871.00 Cr29,636.00 Cr33,197.00 Cr21,951.00 Cr19,454.00 Cr-41,488.30 Cr45,517.26 Cr48,341.76 Cr56,076.03 Cr
Cost of Revenue --------28,935.55 Cr29,346.76 Cr29,781.55 Cr33,963.61 Cr
Gross Profit --------12,552.75 Cr16,170.50 Cr18,560.21 Cr22,112.42 Cr
Operating Expenses 14,191.00 Cr18,281.00 Cr19,826.00 Cr25,387.00 Cr28,287.00 Cr18,718.00 Cr16,992.00 Cr-7,713.29 Cr8,669.37 Cr9,787.16 Cr11,111.06 Cr
Operating Income 937.00 Cr2,455.00 Cr2,472.00 Cr3,602.00 Cr4,234.00 Cr2,483.00 Cr1,626.00 Cr-4,839.46 Cr7,501.13 Cr8,773.05 Cr11,001.36 Cr
EBITDA 1,517.00 Cr2,979.00 Cr3,045.00 Cr4,248.00 Cr4,910.00 Cr3,233.00 Cr2,462.00 Cr-5,258.65 Cr8,015.61 Cr9,613.19 Cr10,997.00 Cr
Interest Expense 872.00 Cr925.00 Cr1,049.00 Cr1,227.00 Cr1,502.00 Cr1,802.00 Cr1,901.00 Cr-2,093.50 Cr2,982.25 Cr3,930.21 Cr4,704.65 Cr
Pretax Income -42.00 Cr1,209.00 Cr1,829.00 Cr2,565.00 Cr2,872.00 Cr739.00 Cr-67.00 Cr-2,264.93 Cr4,106.07 Cr4,596.33 Cr5,154.79 Cr
Tax Provision -174.30 Cr495.69 Cr201.19 Cr743.85 Cr689.28 Cr280.82 Cr-2.68 Cr-906.11 Cr1,409.73 Cr1,213.54 Cr1,433.81 Cr
Net Income -205.00 Cr712.00 Cr1,633.00 Cr1,814.00 Cr2,195.00 Cr460.00 Cr-70.00 Cr-1,238.71 Cr2,483.52 Cr3,106.80 Cr3,471.03 Cr
Diluted EPS 0.241.202.793.013.540.57-0.28-2.104.225.285.91

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 19,592.00 Cr22,123.00 Cr26,609.00 Cr33,383.00 Cr39,126.00 Cr38,130.00 Cr42,058.00 Cr-54,746.01 Cr67,595.60 Cr81,714.64 Cr1.01 L Cr
Current Assets --------24,243.44 Cr29,126.70 Cr34,240.24 Cr43,742.32 Cr
Cash & Equivalents --------1,908.58 Cr5,217.32 Cr6,544.77 Cr6,280.89 Cr
Inventory --------3,440.43 Cr4,008.01 Cr3,986.08 Cr4,671.80 Cr
Receivables --------4,187.36 Cr3,898.15 Cr3,346.87 Cr3,087.44 Cr
Total Liabilities --------43,950.20 Cr55,781.01 Cr65,869.78 Cr82,494.50 Cr
Current Liabilities --------22,454.95 Cr26,679.93 Cr26,551.46 Cr33,117.68 Cr
Long Term Debt --------19,502.86 Cr26,695.71 Cr36,382.92 Cr46,016.36 Cr
Total Debt 9,070.00 Cr11,054.00 Cr13,168.00 Cr15,791.00 Cr19,168.00 Cr22,417.00 Cr24,077.00 Cr-31,160.93 Cr40,802.18 Cr49,962.11 Cr63,935.70 Cr
Total Equity 4,512.00 Cr5,264.00 Cr6,393.00 Cr7,421.00 Cr8,746.00 Cr7,789.00 Cr7,862.00 Cr-8,551.76 Cr9,004.62 Cr12,232.09 Cr14,241.69 Cr
Shares Outstanding --------587.23 Cr587.27 Cr587.31 Cr587.39 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 95.00 Cr-1,275.00 Cr270.00 Cr1,462.00 Cr-3,745.00 Cr383.00 Cr-1,065.00 Cr--4,499.26 Cr-6,257.98 Cr128.47 Cr-4,894.71 Cr
Investing Cash Flow -124.00 Cr456.00 Cr-1,676.00 Cr-3,163.00 Cr1,897.00 Cr-1,201.00 Cr-973.00 Cr--2,934.96 Cr1,135.38 Cr-5,758.27 Cr-7,015.79 Cr
Financing Cash Flow 781.00 Cr1,660.00 Cr738.00 Cr1,905.00 Cr2,398.00 Cr1,239.00 Cr1,331.00 Cr-7,280.59 Cr8,431.59 Cr6,957.58 Cr11,617.23 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 Cr823.00 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 Cr841.00 Cr-668.00 Cr205.00 Cr549.00 Cr421.00 Cr-707.00 Cr--153.63 Cr3,308.99 Cr1,327.78 Cr-293.27 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Insiders
36.36%
Institutions
31.66%
Public Float
49.75%

Analyst View

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Latest News

Recent headlines for ASHOKLEY

Google News Sun, 08 Mar 2026

How Recent Developments Are Shaping The Ashok Leyland (NSEI:ASHOKLEY) Investment Story - Yahoo Finance

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Google News Mon, 19 Oct 2026

Ashok Leyland (NSEI:ASHOKLEY) Stock Forecast & Analyst Predictions - Simply Wall Street

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Google News Mon, 17 Aug 2026

Ashok Leyland shares gain over 2% in early trade - TradingView

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Google News Fri, 16 Oct 2026

ASHOKLEY Outlook for the Week - Equitypandit

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Google News Wed, 26 Aug 2026

Market Trading Guide: Ashok Leyland among 2 stock recommendations for Thursday - The Economic Times

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Google News hu, 13 Aug 2026

Ashok Leyland Shares Gain 2.14%, Trades at Rs 180.48 - Moneycontrol.com

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ASHOKLEY — Frequently Asked Questions

What is the current share price of Ashok Leyland Limited (ASHOKLEY)?

As of 2026-10-23 04:58 IST, Ashok Leyland Limited (ASHOKLEY) trades at ₹146.74 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 ₹86,192.94 Cr on NSE.

What is the P/E ratio of ASHOKLEY?

ASHOKLEY trades at a trailing price-to-earnings (P/E) ratio of 24.79. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 5.98.

Does ASHOKLEY pay a dividend?

Ashok Leyland Limited (ASHOKLEY) currently offers a dividend yield of 2.35%.

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.

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