Ashok Leyland

    ASHOKLEY
    Auto
    ₹163.75
    price as of 11/9/2026, 5:27:55 pm

    Market cap ₹96,184 Cr

    P/E
    27.71
    Day range
    ₹160.00 – ₹165.04
    52-week range
    ₹132.77 – ₹215.42
    Volume
    1.90 Cr
    Open
    ₹163.80
    Prev close
    ₹166.12
    Promoters pledged 41.7% of their shares
    52-week range, adjusted for splits and bonuses
    ₹132.26₹215.42
    11 Sept 202511 Feb 2026
    Index membership & F&O
    NIFTY 200NIFTY 500NIFTY MIDCAP 150NIFTY AUTOF&O lot 5,000

    Price history

    6M change -11.32%RSI (14) 38.1 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 48.7% today vs 47.1% average · BSE close ₹163.95

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹135₹150₹165₹180₹1950%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long unwinding
    Near-month future
    ₹164.84
    Change
    -0.66%
    Basis over spot
    +₹1.08
    Futures OI (shares)
    13.02 Cr
    OI change
    -0.55%
    Put-call ratio
    0.61
    Max pain
    ₹172.5
    Resistance (call OI)
    ₹180
    Support (put OI)
    ₹170
    Lot size
    5,000

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    140147.5152.5157.5162.5167.5172.5177.5182.5187.5192.5197.5205050.0 L1.00 Cr1.50 Cr2.00 Crspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    26.6
    EPS (TTM)
    ₹5.92
    Price / Book
    6.89
    ROE (FY26)
    28.1%
    ROCE (latest year)
    14%
    Dividend yield
    2.10%
    Net margin (TTM)
    6.5%
    Current ratio
    1.32
    Debt / Equity
    3.25
    Revenue growth (5y)
    23.7%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹169.16Price below₹172.83Price below₹173.72Price below₹166.28Price below₹162.45Price above₹170.8Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +5.1%
    Profit 3Y CAGR
    +39.8%
    Revenue YoY (Jun 2026)
    +11.6%
    Profit YoY (Jun 2026)
    +1.5%
    Operating margin
    18.0%
    Net margin
    5.1%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr4.5K Cr9.0K Cr13.5K Cr18.0K Cr0%5%10%15%20%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • FII
    • DII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-12.0KCr-6.0K Cr0 Cr6.0K Cr12.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-11%0%11%22%33%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr20.0K Cr40.0K Cr60.0K Cr80.0K Cr0.0x2.0x4.0x6.0x8.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales11,42911,09313,54210,72411,14811,99514,69611,70912,57714,83017,24613,070
    Expenses9,5599,13110,9758,8569,1089,65911,7059,53510,13612,00813,93810,660
    Operating Profit1,8701,9612,5671,8682,0402,3362,9912,1732,4412,8223,3082,410
    OPM %16%18%19%17%18%19%20%19%19%19%19%18%
    Other Income-14610362457522103103-140186195
    Interest7157838299049621,0111,0531,1121,1521,2001,2411,341
    Depreciation227241233235244268340273268282314315
    Profit before tax9279841,5167651,0781,1321,6218911,1241,2001,940950
    Tax %39%38%38%28%29%28%23%26%27%28%29%30%
    Net Profit5696099345517678201,2466588208621,381668
    EPS in Rs₹0.90₹0.95₹1.45₹0.87₹1.20₹1.30₹1.92₹1.04₹1.29₹1.38₹2.20₹1.05

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    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]

    Strengths

    • Company has delivered good profit growth of 84.1% CAGR over last 5 years
    • Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%
    • Company has been maintaining a healthy dividend payout of 58.9%

    Risks

    • Stock is trading at 6.76 times its book value
    • Promoters have pledged 40.1% of their holding.

    Compounded Sales Growth

    10 Years
    +9%
    5 Years
    +20%
    3 Years
    +5%
    TTM
    +17%

    Compounded Profit Growth

    10 Years
    +15%
    5 Years
    +84%
    3 Years
    +45%
    TTM
    +17%

    Stock Price CAGR

    10 Years
    +15%
    5 Years
    +21%
    3 Years
    +22%
    1 Year
    +23%

    Return on Equity

    10 Years
    +19%
    5 Years
    +22%
    3 Years
    +28%
    Last Year
    +27%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter51.51%51.51%51.51%51.51%0.00 pp
    FII24.32%24.41%24.57%20.67%-3.90 pp
    DII13.59%13.73%13.06%15.75%+2.69 pp
    Government0.07%0.07%0.07%0.07%0.00 pp
    Public10.51%10.30%10.79%11.99%+1.20 pp

    Filed with NSE for Jun 2026: promoters 51.51%, public 48.49% · XBRL filing

    Analysts & fund holdings

    62%
    62% recommend buy
    34 analysts cover the stock
    Valuation vs Machinery
    P/E27.7 vs 45.8
    Sector P/B6.15
    Beta0.82

    Who holds the shares, quarter by quarter

    Mutual funds 9.66% (+1.80 pp)
    Jun 25
    Jul 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters51.1%
    • Foreign institutions20.5%
    • Mutual funds9.7%
    • Insurance4.5%
    • Other domestic institutions1.5%
    • Retail9.9%
    • Others2.8%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Large & Midcap Fund0.97%2.32%+0.16 pp
    Kotak Large & Mid Cap Fund0.69%2.18%-0.07 pp
    Nippon India Growth Mid Cap Fund0.64%1.24%-0.17 pp
    ICICI Pru Focused Fund0.57%3.25%+1.63 pp
    HDFC Flexi Cap Fund0.51%0.46%+0.02 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Avg

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹2.50

      Interim Dividend - Rs 2.50 Per Share

      3 Jun 2026
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      18 Nov 2025
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      16 Jul 2025
      ex-date
    • dividend
      ₹4.25

      Interim Dividend - Rs 4.25 Per Share

      22 May 2025
      ex-date
    • dividend
      ₹2.00

      Interim Dividend - Rs 2 Per Share

      19 Nov 2024
      ex-date
    • dividend
      ₹4.95

      Interim Dividend - Rs 4.95 Per Share

      3 Apr 2024
      ex-date
    • dividend
      ₹2.60

      Annual General Meeting/Dividend - Rs 2.60 Per Share

      7 Jul 2023
      ex-date
    • dividend
      ₹1.00

      Annual General Meeting/Dividend - Rs 1 Per Share

      14 Jul 2022
      ex-date
    • dividend
      ₹0.60

      Annual General Meeting/Dividend - Rs 0.60 Per Share

      31 Aug 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      28 Aug 2020
      ex-date
    • dividend
      ₹0.50

      Interim Dividend -Rs 0.50 Per Share

      19 Mar 2020
      ex-date
    • dividend
      ₹3.10

      Annual General Meeting/ Dividend - Rs 3.10 Per Share

      23 Jul 2019
      ex-date
    • dividend
      ₹2.43

      Dividend- Rs 2.43 Per Share

      9 Jul 2018
      ex-date
    • dividend
      ₹1.56

      Annual General Meeting/Dividend - Rs 1.56/- Per Share

      11 Jul 2017
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend Re 0.95 Per Share

      13 Jul 2016
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 0.45 Per Share

      17 Jun 2015
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      18 Jul 2014
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting / Dividend - Re.0.60/- Per Equity Share

      4 Jul 2013
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting And Dividend Re.1/- Per Share

      12 Jul 2012
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      2 Aug 2011
      ex-date

    Insider trades

    Last 12 months, market trades
    No market trades
    0 buys · ₹0
    0 sells · ₹0
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    HINDUJA AUTOMOTIVE LIMITED
    Promoters · Pledge Creation
    		Pledge6,00,00,000₹767 Cr19 Jul 2021
    HINDUJA AUTOMOTIVE LIMITED
    Promoters · Invocation of pledge
    		Pledge released2,35,00,000₹288 Cr2 Jul 2021
    HINDUJA AUTOMOTIVE LIMITED
    Promoters · Invocation of pledge
    		Pledge released2,42,00,000₹271 Cr20 Apr 2021
    Hinduja Automotive Limited
    Promoters · Pledge Creation
    		Pledge10,11,60,000₹1176 Cr25 Mar 2021
    HINDUJA AUTOMOTIVE LIMITED
    Promoters · Pledge Creation
    		Pledge10,11,60,000₹1176 Cr25 Mar 2021
    R Sivanesan
    Employees/Designated Employees · Market Sale
    		Sell5,000₹4.9 L17 Dec 2020
    Anuj Kathuria
    Employees/Designated Employees · Market Sale
    		Sell50,000₹45.9 L11 Nov 2020
    HINDUJA AUTOMOTIVE LIMITED
    Promoters · Pledge Creation
    		Pledge2,42,00,000₹96.4 Cr10 Apr 2020
    Gopal Mahadevan
    Director · Market Sale
    		Sell1,12,280₹90.2 L27 Feb 2020
    Gopal Mahadevan
    Director · Off Market
    		Sell1,12,280₹05 Aug 2019
    Gopal Mahadevan
    Key Managerial Personnel · Market Sale
    		Sell80,000₹75.3 L15 Mar 2019
    Vinod Kumar Dasari
    Key Managerial Personnel · Market Sale
    		Sell31,96,175₹25.3 Cr20 Feb 2019

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Bulk & block deals

    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    15 Sept 2025—Short sale40,000—
    12 Sept 2025—Short sale2,10,000—

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of schedule of investor meeting

    Company Update
    Announcement under Regulation 30 (LODR)-Monthly Business Updates

    Monthly Business updates for the month of August 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of schedule of investor meeting

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Earnings call transcript

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Scrutiniser's Report

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Summary of Proceedings of 77th AGM held on August 14, 2026

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Updates on Acquisition

    Company Update
    Updates On Rotation Of Statutory Auditors

    Updates on rotation of Statutory Auditors

    Result
    Unaudited Financial Results For The Quarter Ended June 30, 2026

    Unaudited Financial Results for the quarter ended June 30, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation for the revised schedule of Earnings Conference Call

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment

    Allotment of 30000 Non-Convertible Debentures of Rs. 1,00,000/- per NCD

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Earnings Conference Call

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Board Meeting Scheduled To Be Held On August 14, 2026

    Ashok Leyland Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the unaudited financial results ....

    Company Update
    Stock Exchange Intimation Of Hinduja Leyland Finance Limited, A Material Subsidiary Of The Company

    Stock exchange intimation of Hinduja Leyland Finance Limited, a material subsidiary of the company

    Company Update
    Announcement under Regulation 30 (LODR)-Monthly Business Updates

    Monthly sales volume for the month of July 2026

    Filed with BSE (scrip 500477); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 12 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.