Ashok Leyland Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 27.4%)
- Attractively valued vs sector (P/E 26.7x vs industry 48.4x)
- Regular dividends — yield 2.1%
Concerns
- Heavy debt load (D/E 4.5x)
Today's Price Action
Ashok Leyland Limited (ASHOKLEY) is trading flat at ₹169, with the last‑price unchanged from the prior session. The traded volume of 1,35,03,494 shares exactly matches the 20‑day average, indicating a typical participation level and no abnormal buying or selling pressure on the day.
Valuation Snapshot
The stock’s trailing P/E stands at 27.7, which is higher than the implied sector benchmark of zero (the sector‑wide P/E is currently not meaningful). A price‑to‑book ratio of 0.0 coupled with a strong return on equity of 27.4 % suggests that earnings are being generated efficiently relative to the book value.
Key Levels to Watch
The current price of ₹169 sits roughly midway between the 52‑week low of ₹126 and the 52‑week high of ₹215, providing a clear range reference for near‑term support and resistance. Open‑interest data on the nearest weekly options series shows a concentration around ₹160‑₹165, which may act as an additional technical support zone should price pressure intensify.
Chart Pattern
In the daily time‑frame, the last ten sessions produced two consecutive bullish hammer candles (observed 3 and 2 trading days ago) followed by a bearish engulfing pattern 4 days ago. The hammer formations signal that buyers managed to close near the session high after initial downward pressure, while the subsequent engulfing candle indicates a short‑term shift to a larger bearish move, reflecting a potential pause in the prior upward momentum.
Data Summary
Ashok Leyland’s market capitalisation is reported as ₹0 Cr, and the stock trades with a P/E of 27.7 and a P/B of 0.0. The company delivers an ROE of 27.4 % and remains within a 52‑week price corridor of ₹126‑₹215, with volume aligning to its 20‑day average.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 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 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
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
Ashok Leyland files regulatory update under SEBI norms
*Ashok Leyland files disclosure under SEBI Regulation 30.* This is a routine update with no immediate financial implications. Such intimation filings typically relate to board meetings or corporate actions. No specific event details are disclosed in the headline. 📊 *STOCKS:* ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #Regulatory
Ashok Leyland announces 77th Annual General Meeting via newspaper publication
*Ashok Leyland announces 77th Annual General Meeting via newspaper publication.* The move is part of regulatory requirements for shareholder communication. The meeting is expected to cover annual financial statements and board resolutions. No immediate business changes are indicated. 📊 *STOCKS:* ASHOKLEY | 🏢 *SECTOR:* Auto | #LOWIMPACT #AGM
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 | ₹48.3K Cr 14.1% | ₹42.3K Cr 7.4% | ₹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 | ₹2.7K Cr 10.3% | ₹3.0K Cr 61.7% | ₹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 | 6.0% 14.3% | 7.0% 58.8% | 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 | ₹8.3K Cr 25.6% | ₹6.6K Cr 4029.4% | ₹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 | 29d 6.5% | 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 | -21d 425.0% | -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 | -37d 17.8% | -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