1. Ashok Leyland
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79% Buy

Ashok Leyland Share Price

ASHOKLEY

₹178.35-₹0.15 (-0.08%) Past Year
₹177.10₹181.20
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Company overview

About

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Market cap

Market Cap Switch₹52,369 Cr

Open

₹177.90

Close

₹178.50

Circuit range

₹196.35 - ₹160.65

Day range

₹177.10 - ₹181.20

Year range

₹135.80 - ₹191.50

Volume

1,68,42,899

Avg. traded

₹178.59

Revenue (12m)

₹45,416 Cr

Ashok Leyland

Ashok Leyland is a leading multinational commercial vehicle maker. It manufactures buses, trucks, engines and defence vehicles. The company’s product portfolio includes exclusive models like double-decker buses, specifically designed for heavily populated routes.

The Chennai-headquartered company was established in 1948 as Ashok Motors. The company was initially engaged in assembling Austin cars. The name was changed shortly after automotive company British Leyland acquired a stake. This marked the beginning of Ashok Leyland's entry into manufacturing of commercial vehicles in India in 1955.

Ashok Leyland, the flagship of the Hinduja Group, is India’s second-largest commercial vehicle manufacturer and the world's fourth-largest bus manufacturer. It is also the 19th-largest truck manufacturer globally.

The market capitalisation of Ashok Leyland stood at over ₹51,000 crore as of December 16, 2023. The share price of Ashok Leyland has gained 82.51% in the last three years.

Ashok Leyland business operations

Ashok Leyland operates nine manufacturing plants and caters to markets across 50 countries. The international manufacturing sites include facilities in Ras Al Khaimah (UAE) and Leeds (United Kingdom).

In FY23, Ashok Leyland achieved a sales figure of 1,14,247 medium and heavy commercial vehicles in the domestic market. It included 10,767 buses and 1,03,480 trucks. In the light vehicle segment, the company recorded sales of 66,669 units.

Ashok Leyland also boasts the largest fleet of logistics vehicles in use by the Indian Army and maintains significant partnerships with armed forces worldwide.

In the commercial vehicle segment, Ashok Leyland possesses one of the most extensive and rapidly expanding networks, comprising 52,863 touch points. This includes 1,748 exclusive touch points and 11,207 outlets for Leyparts. Ensuring accessibility, the company has established service centres every 75 kilometres along major highways in India. This guarantees customer reach within 4 hours and vehicle restoration within 48 hours.

Ashok Leyland operates 12 driver training institutes across India, having trained over 18 lakh drivers since its inception. The company's service training institutes, in 12 locations across India, provide on-site training for technicians.

The company has many subsidiaries such as Albonair GmbH, Global TVS Bus Body Builders Limited and Hinduja Tech Limited. As of March 31, 2023, Ashok Leyland had 35 subsidiaries, 6 associates, and 3 joint ventures. Among these, Hinduja Leyland Finance Limited (HLFL) is a material unlisted subsidiary of the company.

Ashok Leyland Financial Highlights

Consolidated revenue for FY 2022-23 stood at ₹41,672.60 crore, up 58.8% year-on-year compared to ₹26,237.15 crore in FY 2021-22. Its profit after tax (PAT) in FY23 stood at ₹1,361.66 crore. EBITDA (earnings before interest, taxes, depreciation and amortisation) more than doubled to ₹2,931 crore in FY23 as against ₹995 crore in FY22. Earnings per share increased to ₹4.23 in FY23 from ₹1.22 in the preceding financial year.

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Ashok Leyland Key indicators

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52 week high

₹191.50

52 week low

₹135.80

P/E ratio

22.22

P/B ratio

5.52

ROE

17.6%

ROCE

21.38%

Dividend yield

1.46%

Debt/Equity ratio

0.38

EPS

4.7

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

79%

Hold

10%

Sell

11%

This analysis is based on the reviews of 38 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

8.29%

Net profit margin

3.76%

ROE

17.6%

ROA

6.43%

ROCE

21.38%

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Ashok Leyland Shareholder returns

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1 day

-0.08%

1 week

+3.09%

1 month

+6.60%

3 months

+0.96%

1 year

+29.71%

3 years

+59.03%

5 years

+86.46%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Ashok Leyland Share Price history

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DayOpenCloseDay’s change
Fri, Apr 12 2024
₹177.90
₹178.35
+0.25%
Wed, Apr 10 2024
₹176.30
₹178.50
+1.23%
Tue, Apr 9 2024
₹177.20
₹176.05
-0.65%
Mon, Apr 8 2024
₹176.10
₹177.20
+0.62%
Fri, Apr 5 2024
₹172.80
₹176.00
+1.82%
Thu, Apr 4 2024
₹174.00
₹173.00
-0.58%
Wed, Apr 3 2024
₹171.70
₹174.25
+1.46%
Tue, Apr 2 2024
₹175.00
₹176.50
+0.85%

Shareholding info

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Promoters (51.53%)

Mutual Funds (8.71%)

Retail and other (13.25%)

Foreign institutions-FII (20.48%)

Other domestic institutions (6.04%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4.95/share

    Ex date 03 Apr 2024

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  • Dividend • ₹2.6/share

    Ex date 07 Jul 2023

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  • Dividend • ₹1/share

    Ex date 14 Jul 2022

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Frequently asked questions