Ashok Leyland Ltd (ASHOKLEY)
₹179.35
Overview of Ashok Leyland Ltd
Key events for Ashok Leyland Ltd
Ashok Leyland Among Top Sells in Smallcaps - 20 Sep, 2023
According to reports, Ashok Leyland was among the top sells in smallcaps for the day.
Motilal Oswal Sets Target Price for Ashok Leyland Stock - 19 Sep, 2023
Ashok Leyland identified as best investment choice in commercial vehicle growth cycle with Motilal Oswal setting a target price of Rs 210, indicating potential upside of nearly 15%.
Ashok Leyland to Invest in Clean Mobility Bus Plant in UP - 16 Sep, 2023
Ashok Leyland Ltd plans to set up a bus manufacturing facility in Uttar Pradesh with an investment of Rs 1,000 crore. The company aims for a double-digit EBITDA margin and expects the benefits of lower steel prices to reflect in the 2HFY24 margin.
Ashok Leyland Signs MoU with UP Govt. for New Bus Manufacturing Facility - 15 Sep, 2023
Ashok Leyland is set to invest Rs 1,000 crore in a new bus manufacturing facility focused on clean mobility in Uttar Pradesh. The company has signed a Memorandum of Understanding (MoU) with the state government for this purpose.
Jefferies Analysts Note Earnings Outlook Driving Ashok Leyland's YTD Returns - 14 Sep, 2023
According to Jefferies analysts, the current year-to-date returns for Ashok Leyland are being driven entirely by earnings outlook. However, one-year forward PE ratios have contracted in 2023.
Ashok Leyland Shares Fall Due to Market Decline and Potential Pollution Tax - 13 Sep, 2023
Ashok Leyland Ltd's shares declined by up to 4% due to a potential pollution tax and market decline.
Auto Stocks Dip Due to Proposed Tax; Ashok Leyland Recovers Slightly - 12 Sep, 2023
Shares of Ashok Leyland Ltd fell due to the proposed additional GST tax on diesel vehicles, but recovered slightly later in the day.
Ashok Leyland Aims to be Among Top-10 Global CV Manufacturers - 11 Sep, 2023
Ashok Leyland aims to become one of the top-10 global commercial vehicle manufacturers and has launched a hydrogen fuel bus for NTPC, India's first commercially plying hydrogen fuel bus. The company also launched new IeV series from its electric vehicle subsidiary.
Ashok Leyland Focuses on Alternative Fuel Technologies - 08 Sep, 2023
Ashok Leyland plans to develop alternative fuel technologies and has earmarked capex of ₹600-700 crore. The company's Q1 FY24 profit surged by 744% YoY.
Ashok Leyland Aims for Top 10 Global CV Manufacturers List - 07 Sep, 2023
Ashok Leyland sets a goal to become one of the top 10 global commercial vehicle manufacturers, exploring new markets and investing in EVs. One article mentions potential stock decline.
Ashok Leyland Reports Strong Sales Growth and Plans Capex - 06 Sep, 2023
Ashok Leyland Ltd reports strong sales growth in July and plans Rs 800 crore capex in FY24. Analysts maintain 'Buy' rating on the stock with a target price of Rs 210/share.
Mixed Bag for Ashok Leyland Ltd. - 04 Sep, 2023
August sales were in-line, but brokerage reports deep negative falls YoY and MoM. Mentioned as a top company in Pickup Truck market report.
Ashok Leyland Stock Gains 0.24% on Robust August Sales - 02 Sep, 2023
Ashok Leyland Ltd's stock gained 0.24% to finish at Rs184.15 due to robust sales in August.
Ashok Leyland Sales Rise; Added to MSCI Global Index - 01 Sep, 2023
Ashok Leyland's CV sales rose 9%, added to MSCI Global Standard India Index & reported a 33.85% YoY increase in vehicle sales in August.
Ashok Leyland Partners with CSB Bank, Included in MSCI Global Standard Index - 31 Aug, 2023
Ashok Leyland has partnered with CSB Bank for vehicle financing and is set to receive significant inflows as it makes its way into the MSCI Global Standard Index.
MHCV retail expected to grow 4-6% YoY, Ashok Leyland dispatches to rise by 10% - 28 Aug, 2023
Freight demand is likely to improve post-monsoon due to the upcoming festive season. Ashok Leyland's dispatches are expected to grow by 10% YoY as per industry estimates.
Ashok Leyland among top midcap picks - 25 Aug, 2023
Ashok Leyland is listed as one of the top midcap picks by analysts, along with Safari and Chalet Hotels.
Ashok Leyland Ltd's Retail Sales Remain Flat YoY - 24 Aug, 2023
Medium and heavy commercial vehicle leaders Ashok Leyland Ltd. kept retails largely flat YoY by reducing inventory in the period.
Ashok Leyland Named Top Pick by Axis Securities - 22 Aug, 2023
Brokerage house Axis Securities has named Ashok Leyland its top pick of the week due to strong EV business, higher EBITDA margins, and new product launches. Prabhudas Lilladher advises avoiding weak sectors and companies.
Ashok Leyland Issues Corporate Guarantee for Subsidiaries - 21 Aug, 2023
Auto manufacturer Ashok Leyland will issue a corporate guarantee cover of Rs 870 crore to cover the lenders/banking facilities to its two UK-based subsidiaries - Optare Plc. UK and Switch Mobility Limited, UK.
Analyst Rating
based on 36 analysts
Based on 36 analysts offering long term price targets for Ashok Leyland Ltd. An average target of ₹201.72
Source: S&P Global Market Intelligence
Ashok Leyland Ltd Performance
- ₹178.2₹182.95₹179.35
0.64%
Downside
Day's Volatility:2.65%
Upside
2.01%
- ₹133.1₹191.5₹179.35
25.79%
Downside
52 Weeks Volatility:32.56%
Upside
6.77%
| Returns % | |
| 1 Month Return | -2.46 % |
| 3 Month Return | 11.2 % |
| 1 Year Return | 12.36 % |
| Market Stats | |
| Previous Close | ₹182.25 |
| Open | ₹182.30 |
| Volume | 81.82L |
| Market Cap | ₹53,510.92Cr |
Ashok Leyland Ltd Company Information
Ashok Leyland's operations span across multiple lines of business, including the manufacture of bus and truck bodies, engines, defence and special vehicles, construction equipment, etc. The company's top products include light, medium, and heavy-duty commercial vehicles, buses, defence vehicles, construction equipment, and engines.
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: ₹179.35 per share as on 21 Sep, 2023 04:01 PM
Market Capitalisation: ₹53,510.92Cr as of today
Revenue: ₹13,299.27Cr as on March 2023 (Q1 23)
Net Profit: ₹752.53Cr as on March 2023 (Q1 23)
Listing date: 03 Nov, 1994
Chairperson Name: D G Hinduja
| Organisation | Ashok Leyland Ltd |
| Headquarters | Chennai |
| Industry | Automobile |
| E-voting on shares | Click here to vote |
Fundamentals of Ashok Leyland Ltd
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.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 14.73% to 16.45% in Jun 2023 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 4 quarters, 8.49K Cr → 13.29K Cr (in ₹), with an average increase of 13.7% per quarter
- POSITIVE IMPACT
Price Rise
In the last 3 years, ASHOKLEY stock has moved up by 144.3%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 4 quarters, 5.33 Cr → 752.53 Cr (in ₹), with an average increase of 67.7% per quarter
NO EFFECTAgainst Peers
In the last 1 year, Titagarh Rail Systems Ltd has given 416.0% return, outperforming this stock by 403.6%
- NO EFFECT
Against Peers
In the last 3 years, Jupiter Wagons Ltd has given 1933.1% return, outperforming this stock by 1788.8%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 51.11% of holdings in Jun 2023 quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 11.29% to 10.92% in Jun 2023 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 14.41% to 13.13% in Jun 2023 quarter
Ashok Leyland Ltd Valuation
Ashok Leyland Ltd in the last 5 years
Lowest (-3802.50x)
November 15, 2021
Today (30.07x)
September 20, 2023
Industry (39.63x)
September 20, 2023
Highest (245.62x)
October 7, 2022
Mutual Fund Holdings
| Funds | Holdings |
 SBI Balanced Advantage Fund Direct Growth | 1.4% |
 Canara Robeco Emerging Equities Direct Plan Growth Option | 1.7% |
 Franklin India Focused Equity Fund Direct Growth | 2.26% |
| SBI Large & Midcap Fund Direct Growth | 1.38% |
 HDFC Balanced Advantage Fund Direct Plan Growth Option | 0.22% |
Ashok Leyland Ltd Shareholding Pattern
| Investors | Holdings % | Prev. 2 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 51.11% | 0.00 | |
| Foreign Institutions | 16.45% | 11.68 | |
| Mutual Funds | 13.13% | ||
| Retail Investors | 10.92% | ||
| Others | 8.39% |
Technicals of Ashok Leyland Ltd
News & Events of Ashok Leyland Ltd
QnA on Ashok Leyland Ltd
- QuestionAsked on: 02 Aug, 2023
Ashok Leyland announced sales of 15,068 units for July 2023, up 10.6% from last year and better than analysts' estimates. Which of the following vehicle categories drove sales?
QnA Result : 03 Aug, 2023
1301 people participated in the quizAshok Leyland sold 9,571 heavy commercial vehicles like multi-axle trucks, a 17% jump, and 5,497 light commercial vehicles in July 2023.
74.02% of INDmoney users answered correctly
Medium and heavy commercial vehicle sales20.14%Light commercial vehicle sales5.84%Both74.02%
- QuestionAsked on: 24 May, 2023
Ashok Leyland's net profit fell 17% YoY to Rs 751 crore in the March quarter of 2023. Did it declare any dividends for its shareholders?
QnA Result : 25 May, 20231399 people participated in the quizAshok Leyland declared a dividend of Rs 2.60 per share while announcing the March quarter earnings.
74.41% of INDmoney users answered correctly
No Dividends13.51%Yes, Rs 2.60 per share74.41%Yes, Rs 1.50 per share12.08%
Ashok Leyland Ltd Blogs
News
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21 Sep, 2023 08:07 AMFrequently Asked Questions
Ashok Leyland Ltd (ASHOKLEY) share price today is ₹179.35
- Today’s highest price of Ashok Leyland Ltd is ₹182.95.
- Today’s lowest price of Ashok Leyland Ltd is ₹178.2.
Today’s traded volume of Ashok Leyland Ltd(ASHOKLEY) is 81.82L.
Today’s market capitalisation of Ashok Leyland Ltd(ASHOKLEY) is ₹53510.92Cr.
| Ashok Leyland Ltd(ASHOKLEY | Price |
|---|---|
52 Week High | ₹191.5 |
52 Week Low | ₹133.1 |
Ashok Leyland Ltd(ASHOKLEY) share price is ₹179.35. It is down -6.34% from its 52 Week High price of ₹191.5
Ashok Leyland Ltd(ASHOKLEY) share price is ₹179.35. It is up 34.75% from its 52 Week Low price of ₹133.1
| Ashok Leyland Ltd(ASHOKLEY | Returns |
|---|---|
1 Day Returns | -2.9% |
1 Month Returns | -2.46% |
3 Month Returns | 11.2% |
1 Year Returns | 12.36% |