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Ashok Leyland Ltd share price logo

Ashok Leyland Ltd

(ASHOKLEY)

₹217.421.67%

as on 04:01PM, 13 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Ashok Leyland Ltd Analyst Rating

based on 37 analysts

BUY

72.97%

Buy

8.11%

Hold

18.92%

Sell

Based on 37 analysts offering long term price targets for Ashok Leyland Ltd. An average target of ₹257.49

Source: S&P Global Market Intelligence

Ashok Leyland Ltd Share analysis

Ashok Leyland Ltd price forecast by 37 analysts

Upside of16.45%

High

₹325

Target

₹257.49

Low

₹178

Ashok Leyland Ltd target price ₹257.49, a slight upside of 16.45% compared to current price of ₹217.42. According to 37 analysts rating.

Source: S&P Global Market Intelligence

Ashok Leyland Ltd Performance

  • Day's Low

    Day's High

    ₹214.26
    ₹220.18
  • 52 Week's Low

    52 Week's High

    ₹157.55
    ₹264.65
1 Month Return-3.32 %
3 Month Return-12.15 %
1 Year Return+ 27.12 %
Previous Close₹221.12
Open₹218.00
Volume91.37L
Upper Circuit-
Lower Circuit-
Market Cap₹64,930.28Cr

Ashok Leyland Ltd Key Statistics

P/E Ratio24.71
PEG Ratio14.88
Market Cap₹64,930.28 Cr
P/B Ratio5.7
EPS9.18
Dividend Yield2.89
SectorAutomobile
ROE30.38

Ashok Leyland Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹64,930.28 Cr34.87%0.64₹2,696 Cr₹46,542 Cr
HOLD₹39,822.33 Cr89.22%0.51₹1,049 Cr₹8,849 Cr
BUY₹2,88,902.64 Cr72.01%0.68₹31,806 Cr₹4,37,927 Cr
BUY₹3,50,341.93 Cr11.15%0.52₹13,488 Cr₹1,41,858 Cr
BUY₹3,60,443.05 Cr80.87%0.54₹12,269 Cr₹1,39,078 Cr

About Ashok Leyland Ltd

Ashok Leyland, a major player in the automotive sector, was incorporated in 1948 by Raghunandan Saran. The company is headquartered in Chennai, Tamil Nadu, and is registered under the Company Identification Number (CIN) L34101TN1948PLC000105. Ashok Leyland is known for manufacturing commercial vehicles, including trucks, buses, and light vehicles, and also specializes in defense and power solutions.

The company has several subsidiaries, such as Optare, a UK-based bus manufacturer, and Ashok Leyland Defence Systems, which focuses on military vehicles and defense solutions. Ashok Leyland operates in over 50 countries, including the UK, UAE, and Sri Lanka. A notable fact about Ashok Leyland is that it is the second-largest manufacturer of commercial vehicles in India and ranks among the top bus manufacturers globally. The company is a flagship of the Hinduja Group and has focused on expanding its product portfolio through innovation and strategic alliances. Ashok Leyland's popular brands include DOST, Partner, Boss, Mitr, and Captain. DOST is a light commercial vehicle, Partner is a light truck, Boss is a medium-duty truck, Mitr is a mini-bus, and Captain is a heavy-duty truck. The company is also involved in the production of electric vehicles and has recently launched a range of electric buses.

Share Price: ₹217.42 per share as on 13 Nov, 2024 04:01 PM
Market Capitalisation: ₹64,930.28Cr as of today
Revenue: ₹11,104.95Cr as on September 2024 (Q3 24)
Net Profit: ₹766.55Cr as on September 2024 (Q3 24)
Listing date: 03 Nov, 1994
Chairperson Name: D G Hinduja
OrganisationAshok Leyland Ltd
HeadquartersChennai
IndustryAutomobile
E-voting on sharesClick here to vote

Key events for Ashok Leyland Ltd

  • Ashok Leyland Reports Mixed Q2FY25 Results - 13 Nov, 2024

    Ashok Leyland's Q2FY25 results show a decline in vehicle sales and revenue, but EBITDA and PAT outperformed estimates. Despite challenges, a target price of Rs 252 is maintained with an ACCUMULATE rating.

  • Ashok Leyland Partners for Vehicle Financing Solutions - 12 Nov, 2024

    Ashok Leyland has partnered with Madhya Pradesh Gramin Bank to offer tailored vehicle financing options. LKP Research maintains a 'BUY' rating with a target price of ₹263, highlighting improved margins and strong non-auto business performance.

  • Ashok Leyland Sees Target Adjustments Amid Positive Outlook - 11 Nov, 2024

    Ashok Leyland's stock is experiencing target adjustments from various brokerages, reflecting a cautious yet optimistic outlook for gradual recovery in the commercial vehicle sector. Despite some volume concerns, the company reported strong Q2 results, with net profit increasing significantly. The stock has shown resilience, with a notable rise in share price recently.

  • Ashok Leyland's EV Arm Targets EBITDA Breakeven - 10 Nov, 2024

    Ashok Leyland's electric vehicle arm, Switch Mobility, expects to achieve EBITDA breakeven this fiscal year. The company will continue to support Switch and Ohm Global Mobility without seeking investors unless favorable conditions arise.

  • Ashok Leyland Pursues Export Growth and Bullish Trends - 09 Nov, 2024

    Ashok Leyland aims for strong export growth in Southeast Asia for FY25, while its stock shows bullish patterns and potential upside, supported by positive trends in its EV subsidiary, Switch Mobility.

  • Ashok Leyland Reports Strong Q2 Growth and Expansion - 08 Nov, 2024

    Ashok Leyland announced a 37% increase in Q2 PAT to Rs 770 crore, driven by strong performance and international expansion plans, particularly in Southeast Asia.

  • Ashok Leyland Reports Mixed October Sales Performance - 04 Nov, 2024

    Ashok Leyland's total vehicle sales dropped 9% in October 2024, with domestic sales down 11%. Truck sales fell 13%, while bus sales increased by 8%. The disappointing results led to a 3% decline in share prices.

  • Ashok Leyland Considers Interim Dividend Announcement - 31 Oct, 2024

    Ashok Leyland may declare an interim dividend for FY 2024-25 during its board meeting on November 8, 2024. The record date for the dividend is set for November 19, 2024. Shares closed at Rs 208.30, down 0.76% from the previous close.

  • Ashok Leyland Secures Electric Bus Order and Stake Increase - 25 Oct, 2024

    Ashok Leyland's subsidiary, OHM Global Mobility, has secured an order for 500 electric buses from MTC in Chennai. LIC increased its stake in the company from 1.41% to 2.03%. The company reported strong financials with a revenue of Rs 45,791 crore in FY24 and a net profit of Rs 2,696 crore.

  • Ashok Leyland Secures Major Electric Bus Order - 24 Oct, 2024

    Ashok Leyland's subsidiary, OHM Global Mobility, has received an order for 500 electric buses from Chennai's Metropolitan Transport Corporation, enhancing its position in sustainable urban mobility.

  • Ashok Leyland Shares Decline Amid Profit Drop - 17 Oct, 2024

    Ashok Leyland shares fell 1.6% to ₹220.34. The company reported a 6% YoY decline in net profit for Q1, despite increased total income. Sales also decreased by 7% in August 2024.

Insights on Ashok Leyland Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 21.85% to 24.20% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 509.15 Cr → 705.64 Cr (in ₹), with an average increase of 27.9% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, ASHOKLEY stock has moved up by 2.6%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 10.76K Cr → 11.39K Cr (in ₹), with an average increase of 5.6% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 51.11% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jupiter Wagons Ltd has given 1207.7% return, outperforming this stock by 1162.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, BEML Ltd has given 78.6% return, outperforming this stock by 51.5%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 6.74% to 5.34% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 12.15% to 11.57% in Sep 2024 quarter

News

JK Lakshmi Cement Approves Corporate Restructuring, To Merge With Three Subsidiaries

Shareholders of Udaipur Cement works will get four shares of JK Lakshmi for every 100 shares held, whereas no shares will be issues for the merger of Hansdeep Industries and Hidrive Developers.31 Jul, 2024 10:36 PM

JK Lakshmi Cement Q1 Profit Down 15.27%, Sales Drop 9.61%

JK Lakshmi Cement reported a 15.27% decline in Q1 profit to Rs 67.60 crore, while revenue from operations fell 9.61% to Rs 1,563.88 crore.01 Aug, 2024 02:01 AM

Not found. Sign Up to RSS.app to use this feed.

Not found. Sign Up to RSS.app to use this feed. - create a new RSS feed at RSS.app. - (tP041QdxA6YGGUsb)23 Aug, 2024 05:37 AM
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Ashok Leyland Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹11,374.90Cr (-)₹11,044.81Cr (↓2.90%)₹13,533.32Cr (↑22.53%)₹10,681.40Cr (↓21.07%)₹11,104.95Cr (↑3.97%)
Net Income₹569.31Cr (-)₹608.85Cr (↑6.95%)₹933.69Cr (↑53.35%)₹550.65Cr (↓41.02%)₹766.55Cr (↑39.21%)
Net Profit Margin5.00% (-)5.51% (↑10.20%)6.90% (↑25.23%)5.16% (↓25.22%)6.90% (↑33.72%)
Value in ₹ crore
Details2021202220232024
Total Assets₹19,330.93Cr (-)₹21,151.95Cr (↑9.42%)₹23,010.60Cr (↑8.79%)₹23,748.88Cr (↑3.21%)
Total Liabilities₹12,353.73Cr (-)₹13,815.05Cr (↑11.83%)₹14,584.80Cr (↑5.57%)₹14,938.51Cr (↑2.43%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹941.06Cr (-)₹21.13Cr (↓97.75%)₹2,646.93Cr (↑12,426.88%)₹2,136.01Cr (↓19.30%)₹2,503.12Cr (↑17.19%)

Index Inclusions

BSE Auto

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-2.26 (-1187.1%)

S&P BSE MidCap Select

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-2.62 (-436.82%)

Nifty 200

₹13,201.95

-1.68 (-225.85%)

S&P BSE 250 LargeMidCap

₹10,227.52

-1.67 (-174.2%)

Nifty Midcap Sel

₹12,071.10

-2.12 (-261.9%)

Nifty LargeMidcap 250

₹15,237.75

-2.09 (-324.8%)

Nifty Midcap 100

₹53,800.85

-2.64 (-1456.65%)

Nifty Midcap 50

₹14,966.50

-2.44 (-374.9%)

BSE 100

₹24,828.40

-1.46 (-366.69%)

BSE 200

₹10,788.55

-1.62 (-178.08%)

S&P BSE 150 MidCap

₹15,177.75

-2.56 (-399.08%)

BSE Mid-Cap

₹44,107.98

-2.56 (-1160.44%)

Nifty 500

₹21,914.95

-1.86 (-416.1%)

Nifty Midcap Liquid 15

₹13,384.20

-2.49 (-342.15%)

S&P BSE SEN. N50

₹78,613.72

-2.06 (-1652.22%)

Nifty Infra

₹8,430.85

-1.45 (-123.75%)

Nifty Midcap 150

₹20,010.75

-2.67 (-549.85%)

Nifty Auto

₹22,765.20

-2.17 (-503.9%)

S&P BSE 400 MidSmallCap

₹11,565.64

-2.64 (-313.86%)

Nifty MidSmallcap 400

₹18,855.60

-2.81 (-545.85%)

S&P BSE Indus.

₹14,246.84

-2.95 (-432.82%)

S&P BSE 100 ESG

₹388.07

-1.47 (-5.77%)

Nifty MNC

₹28,011.05

-1.56 (-442.55%)

BSE 500

₹34,533.58

-1.79 (-627.99%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Ashok Leyland Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
51.1%
0.00
Foreign Institutions
24.2%
10.73
Mutual Funds
5.34%
-20.86
Retail Investors
11.57%
-4.79
Others
7.79%
-4.38

Ashok Leyland Ltd Key Indicators

Details20202021202220232024
Return On Equity %4.22-4.410.3517.5130.38
Details20202021202220232024
Return On Assets %1.96-0.85-1.75.3810.46
Details20202021202220232024
Book Value Per Share (₹)26.5326.7824.8829.1330.66
Details20202021202220232024
Earning Per Share (₹)1.57-0.24-0.974.639.18

Ashok Leyland Ltd Valuation

Ashok Leyland Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-3802.50x)

November 15, 2021

Today (24.71x)

November 12, 2024

Industry (36.50x)

November 12, 2024

Highest (245.62x)

October 7, 2022

LowHigh

Ashok Leyland Ltd Earnings and Dividends

  • Ashok Leyland Ltd Earnings Results

    Ashok Leyland Ltd’s net profit jumped 34.15% since last year same period to ₹705.64Cr in the Q2 2024-2025. On a quarterly growth basis, Ashok Leyland Ltd has generated 38.59% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Ashok Leyland Ltd Dividends March,2024

    In the quarter ending December 2023, Ashok Leyland Ltd has declared dividend of ₹4.95 - translating a dividend yield of 3.41%.

    Read More about Dividends

Ashok Leyland Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Ashok Leyland Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Ashok Leyland Ltd

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Ashok Leyland Ltd (ASHOKLEY) share price today is ₹217.42

Ashok Leyland Ltd is listed on NSE

Ashok Leyland Ltd is listed on BSE

  • Today’s highest price of Ashok Leyland Ltd is ₹220.18.
  • Today’s lowest price of Ashok Leyland Ltd is ₹214.26.

PE Ratio of Ashok Leyland Ltd is 24.71

PE ratio = Ashok Leyland Ltd Market price per share / Ashok Leyland Ltd Earnings per share

Today’s traded volume of Ashok Leyland Ltd(ASHOKLEY) is 91.37L.

Today’s market capitalisation of Ashok Leyland Ltd(ASHOKLEY) is ₹64930.28Cr.

Ashok Leyland Ltd(ASHOKLEYPrice
52 Week High
₹264.65
52 Week Low
₹157.55

Ashok Leyland Ltd(ASHOKLEY) share price is ₹217.42. It is down -17.85% from its 52 Week High price of ₹264.65

Ashok Leyland Ltd(ASHOKLEY) share price is ₹217.42. It is up 38.00% from its 52 Week Low price of ₹157.55

Ashok Leyland Ltd(ASHOKLEYReturns
1 Day Returns
-3.7%
1 Month Returns
-3.32%
3 Month Returns
-12.15%
1 Year Returns
27.12%