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Ashok Leyland Ltd (ASHOKLEY)

₹234.012.19%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

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

    Price Rise

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    In the last 1 month, ASHOKLEY stock has moved up by 13.2%

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 20.32% to 21.28% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

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    Netprofit is up for the last 3 quarters, 526.01 Cr → 853.41 Cr (in ₹), with an average increase of 20.2% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

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    Revenue is up for the last 2 quarters, 11.13K Cr → 13.61K Cr (in ₹), with an average increase of 18.2% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

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    Retail Investor have increased holdings from 13.15% to 14.60% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

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

  • imgNO EFFECT

    Against Peers

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    In the last 1 year, Jupiter Wagons Ltd has given 359.3% return, outperforming this stock by 316.9%

  • imgNO EFFECT

    Against Peers

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    In the last 3 years, Titagarh Rail Systems Ltd has given 2517.9% return, outperforming this stock by 2413.9%

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 8.64% to 5.79% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹231.55
    ₹239.88
  • 52 Week's Low

    52 Week's High

    ₹157.55
    ₹242.69
1 Month Return+ 13.2 %
3 Month Return+ 47.86 %
1 Year Return+ 42.45 %
Previous Close₹239.24
Open₹239.00
Volume1.22Cr
Upper Circuit-
Lower Circuit-
Market Cap₹70,251.09Cr

Analyst Rating

based on 38 analysts

BUY
66.67%
Buy
15.38%
Hold
17.95%
Sell

Based on 38 analysts offering long term price targets for Ashok Leyland Ltd. An average target of ₹227.03

Source: S&P Global Market Intelligence

Company Information

Ashok Leyland Ltd is an Indian automobile company incorporated in 1948. It is the second-largest commercial vehicle manufacturer in India and the 16th largest manufacturer of buses in the world.

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: ₹234.01 per share as on 19 Jun, 2024 04:01 PM
Market Capitalisation: ₹70,251.09Cr as of today
Revenue: ₹13,533.32Cr as on March 2024 (Q1 24)
Net Profit: ₹933.69Cr as on March 2024 (Q1 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 Expects Growth in Heavy-Duty Vehicles; Ratio Change for GDRs - 18 Jun, 2024

    Ashok Leyland is anticipating growth in medium and heavy-duty vehicles driven by better unit economics. The company has also changed the ratio between its GDRs and shares from 60:1 to 1:1, increasing the total number of GDRs.

  • Ashok Leyland's Net Debt Increases to ₹316.7b - 13 Jun, 2024

    Ashok Leyland's net debt has increased to about ₹316.7b, which is 4.0 times its EBITDA. However, the company's EBIT was about 16.4 times its interest expense, implying it isn't paying a high cost to maintain that level of debt.

  • Sharekhan Recommends Buy on Ashok Leyland with Target Price of Rs. 244 - 12 Jun, 2024

    Ashok Leyland's Q4FY24 EBITDA came in at Rs. 1592 crore, up by 42.9% from the previous quarter. The company is focused on profitability and trades at a P/E of 18X and EV/EBITDA of 10x its FY2026E estimates.

  • Ashok Leyland Stock Trades Upward Amid Mixed News - 07 Jun, 2024

    Ashok Leyland stock has gained around 15.91% in the last one month, with an incline in RoE and RoCE but a decrease in NPM. The stock lost 0.62% today, trading at Rs 224.35 on BSE Auto index, while it is up by 1.86% as of 12:49 IST on NSE.

  • Mixed Recommendations for Ashok Leyland Stock - 06 Jun, 2024

    While LKP Securities recommends Ashok Leyland within commercial vehicles (CVs) due to its diversified revenue base, they are cautious about the growth profile. On the other hand, Motilal Oswal is positive about the stock due to the expected continuation of Modi 2.0's policy agenda for investment-led growth and infrastructure creation.

  • Ashok Leyland Launches Driver Insurance Policy - 05 Jun, 2024

    Ashok Leyland has launched the Sarathi Suraksha Policy, offering insurance coverage of up to Rs 10 lakh to protect the driver community.

  • Ashok Leyland Launches Driver Welfare Policy; Plans to Raise Market Share - 04 Jun, 2024

    Ashok Leyland launched the Sarathi Suraksha Policy aimed at safeguarding the driver community. The company is confident of increasing its market share in both the truck and bus segments and plans to roll out six new products this fiscal year.

  • Ashok Leyland Expects Double-Digit Growth in Exports; Plans to Expand Market Share - 03 Jun, 2024

    Ashok Leyland is expected to see significant volume expansion this year due to the recovery of key export markets. The company also plans to expand its coverage of the LCV market from 50% to 70-80%, while increasing its domestic M&HCV market share to 35%. Additionally, Ashok Leyland launched an insurance policy to protect drivers and reported a 12% YoY increase in total wholesales for May 2024.

  • Ashok Leyland Reports 12% Growth in Total Vehicle Sales for May - 02 Jun, 2024

    Ashok Leyland reported a 12% increase in total vehicle sales for May 2024, with domestic medium and heavy commercial vehicle sales rising by 13% and light commercial vehicle sales increasing by 11%. The company sold 14,682 vehicles in total during the month.

  • Ashok Leyland Q4 Revenue and Profits Rise - 01 Jun, 2024

    Ashok Leyland reported a 4.4% increase in revenue to Rs. 158.17 crores and a 9% jump in net profits for the March quarter.

  • Mixed Signals for Ashok Leyland Stock - 31 May, 2024

    Ashok Leyland reports robust earnings but has an accrual ratio of 0.25, indicating high risk due to negative free cash flow. Technical analyst Shrikant Chouhan recommends buying the stock.

  • Ashok Leyland Ltd down 1.21% on BSE Auto Index - 29 May, 2024

    Ashok Leyland Ltd lost 1.21% to trade at Rs 223.95, while the S&P BSE Auto index is down 0.53%. The stock has added 20.83% over last one month compared to a 7.16% gain in the S&P BSE Auto index and 0.3% rise in the SENSEX.

  • Ashok Leyland Reports Strong Quarterly Results and Upbeat Sales Outlook - 28 May, 2024

    India's second-largest truck manufacturer, Ashok Leyland, reports a 16.73% increase in consolidated net profit to Rs 933.69 crore in the March quarter, with shares hitting an all-time high. The company is optimistic about commercial vehicle sales in FY25 due to strong margin and sales performance. Additionally, its subsidiary's investment in Switch Mobility is expected to yield results in the medium term.

  • Ashok Leyland Reports Strong Performance in Q4FY24 - 27 May, 2024

    Ashok Leyland reports strong performance in Q4FY24 with a double-digit EBITDA margin of 12%. The company is optimistic about volume prospects in FY25. Despite ongoing general elections, Shenu Agarwal, MD and CEO of Ashok Leyland, predicts positive momentum for the MHCV segment in FY25.

  • Ashok Leyland Reports Strong Earnings and Profit Growth - 26 May, 2024

    Ashok Leyland reported strong full-year 2024 earnings with a significant increase in EPS and net income. The company's revenue increased by 9.9%, and the profit margin improved to 5.4%. In Q1 2024, Ashok Leyland's standalone net sales were down 3.09% YoY, but quarterly net profit was up 19.83% YoY.

  • Ashok Leyland Reports Positive Q4 Results - 25 May, 2024

    Ashok Leyland reports positive Q4 results with revenue and profit growth, improved operational efficiency, and favorable analyst recommendations. The company plans to expand its LCV product portfolio and launch new products and technology in FY25.

  • Ashok Leyland Reports Strong Financial Results for FY24 - 24 May, 2024

    Ashok Leyland reported a consolidated profit of ₹2,696 crore for the fiscal year 2023-24, nearly double compared to the preceding year. Revenue grew 10% to ₹45,791 crore. Consolidated EBITDA grew 56% on-year to ₹7,944 crore. The company remains bullish on market share gains during the year.

  • Ashok Leyland Focuses on Digital Transformation and Decarbonization - 22 May, 2024

    Ashok Leyland is focusing on digital transformation through initiatives like the Re-AL digital marketplace and ReferrAL influencer loyalty program. Additionally, the company's CTO highlights the need to develop engine platforms that can run on multiple fuels to decarbonize existing diesel products.

  • Ashok Leyland Stock Trades Higher Despite Overvaluation - 21 May, 2024

    Despite being overvalued by 25%, Ashok Leyland's stock trades higher at Rs 209.7, climbing 35.68% in the last year till date.

Ashok Leyland Ltd Valuation

Ashok Leyland Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-3802.50x)

November 15, 2021

Today (28.28x)

June 18, 2024

Industry (57.37x)

June 18, 2024

Highest (245.62x)

October 7, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
SBI Balanced Advantage Fund Direct GrowthSBI Balanced Advantage Fund Direct Growth1.36%
Kotak Equity Opportunities Direct GrowthKotak Equity Opportunities Direct Growth1.66%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth1%
SBI Large & Midcap Fund Direct GrowthSBI Large & Midcap Fund Direct Growth1.05%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.53%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
51.11%
0.00
Foreign Institutions
21.28%
0.00
Mutual Funds
5.79%
0.00
Retail Investors
14.6%
0.00
Others
7.23%
0.00

News

M&HCV sales to see upsurge; higher tonnage vehicles in demand: Ashok Leyland

Within the M&HCV growth momentum, Ashok Leyland is seeing strong demand growth from higher tonnage vehicles driven by better unit economics of these vehicle... Read more

18 Jun, 2024 11:38 AM

Ashok Leyland announces change in ratio of GDRs

Accordingly, 59 new GDR(s) were issued by the Depositary for every 1 existing GDR held by the GDR holder(s) on the GDR Record Date viz., 10 June 2024 in line wi... Read more

18 Jun, 2024 01:35 PM

Share price of Ashok Leyland falls as Sensex gains 47.3 points

A total of 677,097 shares changed hands on the counter till 01:38PM (IST)

19 Jun, 2024 01:38 PM
View More

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Ashok Leyland Ltd (ASHOKLEY) share price today is ₹234.01

Ashok Leyland Ltd is listed on NSE

Ashok Leyland Ltd is listed on BSE

  • Today’s highest price of Ashok Leyland Ltd is ₹239.88.
  • Today’s lowest price of Ashok Leyland Ltd is ₹231.55.

PE Ratio of Ashok Leyland Ltd is 28.28

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 1.22Cr.

Today’s market capitalisation of Ashok Leyland Ltd(ASHOKLEY) is ₹70251.09Cr.

Ashok Leyland Ltd(ASHOKLEYPrice
52 Week High
₹242.69
52 Week Low
₹157.55

Ashok Leyland Ltd(ASHOKLEY) share price is ₹234.01. It is down -3.58% from its 52 Week High price of ₹242.69

Ashok Leyland Ltd(ASHOKLEY) share price is ₹234.01. It is up 48.53% from its 52 Week Low price of ₹157.55

Ashok Leyland Ltd(ASHOKLEYReturns
1 Day Returns
-5.23%
1 Month Returns
13.2%
3 Month Returns
47.86%
1 Year Returns
42.45%