Ashok Leyland Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 27.4%)
- Attractively valued vs sector (P/E 22.9x vs industry 47.1x)
- Regular dividends — yield 2.4%
- Near 52-week low — potential value zone (₹136)
Concerns
- Heavy debt load (D/E 4.5x)
Today's Price Action
Ashok Leyland Limited closed at ₹144.85, unchanged from the previous session. The traded volume of 1,26,98,141 shares matches the 20‑day average, indicating neutral participation without a clear surge in buying or selling pressure.
Valuation Snapshot
The stock trades at a trailing twelve‑month P/E of 22.9, while the capital goods sector does not report a comparable P/E figure, limiting direct peer comparison. A return on equity of 27.4% signals strong profitability relative to its book capital. The price‑to‑book ratio of zero indicates that the market values the company at less than its net asset base, a occurrence in sector.
Key Levels to Watch
The current price sits near the lower end of the 52‑week range, comfortably above the ₹136 trough but well below the recent high of ₹215. Open‑interest data for nearby strike prices suggests modest support around ₹140 and resistance near ₹150, though these levels remain unconfirmed.
Chart Pattern
In the daily candlestick chart, an inverted hammer formed two sessions ago followed by a hammer six sessions ago, while a hanging man appeared eight sessions ago. These three formations appear on the same daily timeframe and reflect mixed short‑term sentiment, with the inverted hammer and hammer typically viewed as bullish reversal cues and the hanging man as a bearish warning.
Data Summary
Key metrics show a market price of ₹144.85, a P/E of 22.9, a P/B of 0, and an ROE of 27.4%; the company’s market capitalisation is reported as ₹0 Cr. Volume aligns with the 20‑day average, and the share price remains within the ₹136‑₹215 52‑week corridor.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ASHOKLEY · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.53% | 51.52% | 51.52% | 51.52% | 51.52% | 51.52% |
| FII | 20.48% | 21.45% | 22.03% | 24.39% | 24.09% | 23.50% |
| DII | 14.66% | 12.23% | 14.12% | 12.34% | 13.04% | 14.06% |
| Public | 13.25% | 14.72% | 12.24% | 11.66% | 11.28% | 10.84% |
| Govt | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Corporate Events
To consider and approve the unaudited financial results for the quarter ended Jun 30, 2026
Interim Dividend - Rs 2.50 Per Share
To consider second interim dividend
To consider and approve the financial results for the period ended March 31, 2026, dividend and Fund Raising
Interim Dividend - Re 1 Per Share
Bonus 1:1
Interim Dividend - Rs 4.25 Per Share
Interim Dividend - Rs 2 Per Share
Interim Dividend - Rs 4.95 Per Share
Annual General Meeting/Dividend - Rs 2.60 Per Share
Latest News
All newsAshok Leyland receives credit rating update
*Ashok Leyland receives credit rating update.* The company filed a disclosure related to its current credit rating status. No financial figures or specific rating changes were detailed in the brief filing. This is a routine update with no immediate impact on trading. 📊 *STOCKS:* ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #CreditRating
Ashok Leyland to acquire subsidiary in strategic move
*Ashok Leyland to acquire a subsidiary in a strategic expansion move.* The deal details, including valuation, were not disclosed in the NSE filing. This acquisition is expected to strengthen its product portfolio and market reach. The impact on near-term earnings remains to be assessed. 📊 *STOCKS:* $ASHOKLEY | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Acquisition
Ashok Leyland reports Q1 FY27 financial results
*Ashok Leyland reports Q1 FY27 financial results*. The company has submitted its unaudited financial results for the quarter ended June 30, 2026. This marks the start of the new fiscal year’s earnings season for the auto sector. Key metrics like revenue, EBITDA, and net profit will influence market sentiment. 📊 *STOCKS:* $ASHOKLEY | 🏢 *SECTOR:* Auto | #HIGHIMPACT #Earnings
Ashok Leyland Q4 FY26 results and dividend in focus
*Ashok Leyland Q4 FY26 results and dividend in focus* as investors await **₹** figures and payout details. The auto major’s performance will reflect demand trends in commercial vehicles and cost management. Strong **dividend yield** expectations could drive retail interest. 📊 *STOCKS:* ASHOKLEY | 🏢 *SECTOR:* Auto | #HIGHIMPACT #Earnings
India mulls BS7 emission norms, auto firms plan capex
*India mulls BS7 emission norms, auto firms plan capex.* The government has entered a consultative phase on introducing BS7 emission standards, prompting commercial vehicle makers to draft capex plans. While no timeline is set, the move signals stricter future regulations. Transitioning to BS7 from BS6 may require **₹5,000–7,000 crore** in cumulative industry investment. 📊 *STOCKS:* $TATAMOTORS $ASHOKLEY $M&M $EICHERMOT | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #BS7
Ashok Leyland named 'Monthly Choice' by IndiaIPO
*Ashok Leyland named 'Monthly Choice' by IndiaIPO*. The stock shows renewed strength with a target price of **₹220** and a stop-loss at **₹170**. Analysts cite improving order inflows and margin outlook. The recommendation is based on technical and fundamental strength. 📊 *STOCKS:* $ASHOKLEY | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #BrokerCalls
Ashok Leyland updates analysts on investor meet.
*Ashok Leyland updates analysts on investor meet.* The company shared insights during its recent analyst and institutional investor meet. Key updates included business outlook and operational performance. No major financial figures or strategic shifts were disclosed. 📊 *STOCKS:* $ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #InvestorMeet
Ashok Leyland appoints new statutory auditors
Ashok Leyland has appointed new statutory auditors as per a regulatory filing. The change is part of routine compliance and does not indicate operational shifts. No financial impact is expected from this appointment. 📊 *STOCKS:* $ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #Auditors
Ashok Leyland to host analyst and investor meet
*Ashok Leyland to host an analyst and institutional investor meet.* The event aims to provide updates on company performance and strategy. **No financial figures or major announcements** were disclosed in the filing. It reflects routine investor engagement. 📊 *STOCKS:* ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #AnalystMeet
Ashok Leyland issues general corporate update
*Ashok Leyland issues general corporate update.* The filing contains routine disclosures with no major financial or strategic announcements. Investors await further details on operational performance or future plans. 📊 *STOCKS:* $ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #CorporateUpdate
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.8K Cr 17.9% | ₹12.6K Cr 7.4% | ₹11.7K Cr 20.3% | ₹14.7K Cr 22.5% | ₹12.0K Cr 7.6% | ₹11.1K Cr 4.0% | ₹10.7K Cr 20.8% | ₹13.5K Cr |
| Op. Profit | ₹2.8K Cr 15.6% | ₹2.4K Cr 12.3% | ₹2.2K Cr 27.3% | ₹3.0K Cr 28.0% | ₹2.3K Cr 14.5% | ₹2.0K Cr 9.2% | ₹1.9K Cr 27.2% | ₹2.6K Cr |
| OPM | 19.0% 0.0% | 19.0% 0.0% | 19.0% 5.0% | 20.0% 5.3% | 19.0% 5.6% | 18.0% 5.9% | 17.0% 10.5% | 19.0% |
| Net Profit | ₹862 Cr 5.1% | ₹820 Cr 24.6% | ₹658 Cr 47.2% | ₹1.2K Cr 52.0% | ₹820 Cr 6.9% | ₹767 Cr 39.2% | ₹551 Cr 41.0% | ₹934 Cr |
| EPS (₹) | 1.38 7.0% | 1.29 24.0% | 1.04 45.8% | 1.92 47.7% | 1.3 8.3% | 1.2 37.9% | 0.87 40.0% | 1.45 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹56.4K Cr 16.1% | ₹48.5K Cr 6.2% | ₹45.7K Cr 9.7% | ₹41.7K Cr 58.8% | ₹26.2K Cr 34.9% | ₹19.5K Cr 11.4% | ₹22.0K Cr 33.9% | ₹33.2K Cr 12.0% | ₹29.6K Cr 29.6% | ₹22.9K Cr |
| Expenses | ₹45.6K Cr 16.0% | ₹39.3K Cr 3.9% | ₹37.8K Cr 3.5% | ₹36.6K Cr 55.8% | ₹23.5K Cr 38.1% | ₹17.0K Cr 9.2% | ₹18.7K Cr 33.8% | ₹28.3K Cr 11.4% | ₹25.4K Cr 28.0% | ₹19.8K Cr |
| Op. Profit | ₹10.7K Cr 16.7% | ₹9.2K Cr 17.2% | ₹7.9K Cr 54.3% | ₹5.1K Cr 84.2% | ₹2.8K Cr 12.3% | ₹2.5K Cr 23.8% | ₹3.2K Cr 34.2% | ₹4.9K Cr 15.6% | ₹4.2K Cr 39.5% | ₹3.0K Cr |
| OPM | 19.0% 0.0% | 19.0% 11.8% | 17.0% 41.7% | 12.0% 9.1% | 11.0% 15.4% | 13.0% 13.3% | 15.0% 0.0% | 15.0% 7.1% | 14.0% 7.7% | 13.0% |
| Other Income | ₹252 Cr 37.8% | ₹405 Cr 153.1% | ₹160 Cr 5.3% | ₹169 Cr 173.5% | ₹-230 Cr 211.1% | ₹207 Cr 263.2% | ₹57 Cr 59.0% | ₹139 Cr 26.8% | ₹190 Cr 53.2% | ₹406 Cr |
| Interest | ₹4.7K Cr 19.7% | ₹3.9K Cr 31.8% | ₹3.0K Cr 42.4% | ₹2.1K Cr 12.0% | ₹1.9K Cr 1.7% | ₹1.9K Cr 5.5% | ₹1.8K Cr 20.0% | ₹1.5K Cr 22.4% | ₹1.2K Cr 17.0% | ₹1.0K Cr |
| Depreciation | ₹1.1K Cr 4.7% | ₹1.1K Cr 17.3% | ₹927 Cr 3.0% | ₹900 Cr 3.9% | ₹866 Cr 3.6% | ₹836 Cr 11.5% | ₹750 Cr 10.9% | ₹676 Cr 4.6% | ₹646 Cr 12.7% | ₹573 Cr |
| PBT | ₹5.2K Cr 12.2% | ₹4.6K Cr 11.9% | ₹4.1K Cr 81.0% | ₹2.3K Cr 1234.5% | ₹-200 Cr 198.5% | ₹-67 Cr 109.1% | ₹739 Cr 74.3% | ₹2.9K Cr 12.0% | ₹2.6K Cr 40.2% | ₹1.8K Cr |
| Tax % | 28.0% 7.7% | 26.0% 23.5% | 34.0% 15.0% | 40.0% 7.0% | 43.0% 975.0% | 4.0% 89.5% | 38.0% 58.3% | 24.0% 17.2% | 29.0% 163.6% | 11.0% |
| Net Profit | ₹3.7K Cr 10.0% | ₹3.4K Cr 25.5% | ₹2.7K Cr 97.9% | ₹1.4K Cr 577.9% | ₹-285 Cr 307.1% | ₹-70 Cr 115.2% | ₹460 Cr 79.0% | ₹2.2K Cr 21.0% | ₹1.8K Cr 11.1% | ₹1.6K Cr |
| EPS (₹) | 5.91 11.7% | 5.29 25.1% | 4.23 100.5% | 2.11 445.9% | -0.61 117.9% | -0.28 149.1% | 0.57 83.9% | 3.54 17.6% | 3.01 7.9% | 2.79 |
| Div Payout | 59.0% 0.0% | 59.0% 0.0% | 59.0% 4.8% | 62.0% 175.6% | -82.0% 23.4% | -107.0% 343.2% | 44.0% 0.0% | 44.0% 10.0% | 40.0% 42.9% | 28.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹587 Cr 99.7% | ₹294 Cr 0.0% | ₹294 Cr 0.0% | ₹294 Cr 0.0% | ₹294 Cr 0.0% | ₹294 Cr 0.0% | ₹294 Cr 0.0% | ₹294 Cr 0.3% | ₹293 Cr 2.8% | ₹285 Cr |
| Reserves | ₹12.0K Cr 0.5% | ₹11.9K Cr 37.0% | ₹8.7K Cr 5.5% | ₹8.3K Cr 17.8% | ₹7.0K Cr 7.4% | ₹7.6K Cr 1.0% | ₹7.5K Cr 11.3% | ₹8.5K Cr 18.6% | ₹7.1K Cr 16.7% | ₹6.1K Cr |
| Borrowings | ₹54.5K Cr 9.1% | ₹50.0K Cr 22.4% | ₹40.8K Cr 30.9% | ₹31.2K Cr 29.1% | ₹24.1K Cr 0.3% | ₹24.1K Cr 7.4% | ₹22.4K Cr 17.0% | ₹19.2K Cr 21.4% | ₹15.8K Cr 19.9% | ₹13.2K Cr |
| Other Liabilities | ₹18.2K Cr 5.9% | ₹19.4K Cr 8.8% | ₹17.8K Cr 18.9% | ₹15.0K Cr 23.4% | ₹12.1K Cr 19.8% | ₹10.1K Cr 27.7% | ₹7.9K Cr 29.3% | ₹11.2K Cr 10.2% | ₹10.2K Cr 44.3% | ₹7.0K Cr |
| Total Liabilities | ₹85.3K Cr 4.6% | ₹81.5K Cr 20.6% | ₹67.6K Cr 23.6% | ₹54.7K Cr 25.5% | ₹43.6K Cr 3.6% | ₹42.1K Cr 10.3% | ₹38.1K Cr 2.5% | ₹39.1K Cr 17.2% | ₹33.4K Cr 25.5% | ₹26.6K Cr |
Assets | ||||||||||
| Fixed Assets | ₹9.5K Cr 7.5% | ₹8.8K Cr 8.3% | ₹8.2K Cr 0.3% | ₹8.1K Cr 3.0% | ₹7.9K Cr 6.9% | ₹8.5K Cr 5.6% | ₹8.0K Cr 20.0% | ₹6.7K Cr 1.5% | ₹6.6K Cr 0.1% | ₹6.6K Cr |
| CWIP | ₹1.0K Cr 80.6% | ₹577 Cr 39.0% | ₹415 Cr 54.9% | ₹268 Cr 11.7% | ₹240 Cr 28.6% | ₹336 Cr 41.5% | ₹574 Cr 15.3% | ₹678 Cr 54.4% | ₹439 Cr 79.9% | ₹244 Cr |
| Investments | ₹5.5K Cr 16.1% | ₹6.6K Cr 183.8% | ₹2.3K Cr 52.0% | ₹4.9K Cr 83.0% | ₹2.7K Cr 142.0% | ₹1.1K Cr 14.2% | ₹960 Cr 35.7% | ₹1.5K Cr 66.0% | ₹4.4K Cr 126.7% | ₹1.9K Cr |
| Other Assets | ₹69.2K Cr 5.6% | ₹65.5K Cr 15.6% | ₹56.7K Cr 36.8% | ₹41.4K Cr 26.4% | ₹32.8K Cr 2.0% | ₹32.1K Cr 12.5% | ₹28.6K Cr 5.6% | ₹30.3K Cr 37.8% | ₹22.0K Cr 23.1% | ₹17.8K Cr |
| Total Assets | ₹85.3K Cr 4.6% | ₹81.5K Cr 20.6% | ₹67.6K Cr 23.6% | ₹54.7K Cr 25.5% | ₹43.6K Cr 3.6% | ₹42.1K Cr 10.3% | ₹38.1K Cr 2.5% | ₹39.1K Cr 17.2% | ₹33.4K Cr 25.5% | ₹26.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹128 Cr 102.0% | ₹-6.3K Cr 39.1% | ₹-4.5K Cr 258.1% | ₹2.8K Cr 367.1% | ₹-1.1K Cr 378.1% | ₹383 Cr 110.2% | ₹-3.7K Cr 356.2% | ₹1.5K Cr 441.5% | ₹270 Cr 121.2% | ₹-1.3K Cr |
| Investing CF | ₹-5.8K Cr 607.4% | ₹1.1K Cr 139.1% | ₹-2.9K Cr 51.5% | ₹-1.9K Cr 97.0% | ₹-973 Cr 19.0% | ₹-1.2K Cr 163.3% | ₹1.9K Cr 160.0% | ₹-3.2K Cr 88.7% | ₹-1.7K Cr 467.5% | ₹456 Cr |
| Financing CF | ₹7.0K Cr 17.5% | ₹8.4K Cr 15.8% | ₹7.3K Cr 2026.2% | ₹-378 Cr 128.4% | ₹1.3K Cr 7.4% | ₹1.2K Cr 48.3% | ₹2.4K Cr 25.9% | ₹1.9K Cr 158.1% | ₹738 Cr 55.5% | ₹1.7K Cr |
| Net Cash Flow | ₹1.3K Cr 59.9% | ₹3.3K Cr 2812.3% | ₹-122 Cr 122.2% | ₹550 Cr 177.8% | ₹-707 Cr 267.9% | ₹421 Cr 23.3% | ₹549 Cr 167.8% | ₹205 Cr 130.7% | ₹-668 Cr 179.4% | ₹841 Cr |
| Free Cash Flow | ₹-1.5K Cr 80.0% | ₹-7.3K Cr 37.2% | ₹-5.4K Cr 319.1% | ₹2.4K Cr 236.4% | ₹-1.8K Cr 90.5% | ₹-940 Cr 80.6% | ₹-4.8K Cr 688.2% | ₹823 Cr 595.8% | ₹-166 Cr 87.5% | ₹-1.3K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25d 19.4% | 31d 16.2% | 37d 17.8% | 45d 21.1% | 57d 128.0% | 25d 16.7% | 30d 114.3% | 14d 30.0% | 20d 20.0% | 25d |
| Inventory Days | 49d 2.0% | 50d 13.6% | 44d 17.0% | 53d 30.3% | 76d 81.0% | 42d 19.2% | 52d 23.8% | 42d 42.5% | 73d 46.0% | 50d |
| Days Payable | 99d 16.5% | 85d 11.5% | 96d 36.0% | 150d 7.4% | 162d 80.0% | 90d 2.3% | 88d 8.3% | 96d 12.9% | 85d 19.7% | 71d |
| Cash Conv. Cycle | -24d 500.0% | -4d 75.0% | -16d 69.2% | -52d 73.3% | -30d 36.4% | -22d 266.7% | -6d 84.6% | -39d 587.5% | 8d 60.0% | 5d |
| Working Capital Days | -32d 28.9% | -45d 32.4% | -34d 34.6% | -52d 18.2% | -44d 41.9% | -31d 138.5% | -13d 75.9% | -54d 157.1% | -21d 8.7% | -23d |
| ROCE | 14.0% 6.7% | 15.0% 36.4% | 11.0% 83.3% | 6.0% 20.0% | 5.0% 44.4% | 9.0% 43.8% | 16.0% 5.9% | 17.0% 13.3% | 15.0% 11.8% | 17.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Ashok Leyland Limited
Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries, it is one of the most fully-integrated manufacturing companies. Its headquarter is in Chennai [1] They manage driver training institutes across India and have trained over 8,00,000 drivers since inception. [1]
Capital GoodsAgricultural, Commercial & Construction Vehicles