Ashok Leyland
Market cap ₹85,142 Cr
- P/E
- 24.48
- Day range
- ₹142.02 – ₹146.23
- 52-week range
- ₹136.50 – ₹215.42
- Volume
- 1.72 Cr
- Open
- ₹146.03
- Prev close
- ₹146.03
Latest results · Q1 FY27(consolidated)Revenue ₹13,070 Cr+11.6%Profit ₹668 Cr+1.5%Margin 5.1%YoY vs the same quarter last year
1 red flag to read up on
- high
High promoter pledge
40.10% of promoter shares pledged · 30 Sept 2026
From NSE and BSE filings. A flag is a reason to read the filing, not a rating.
ASHOKLEY in NSE indices and F&O
F&O margin for one lot of ASHOKLEY (5,000 shares)Research profile
Composite 44 / 100Factor percentiles
Derived metrics
- Earn. yield
- 4.1%
- Graham no.
- ₹58.58
- vs Graham
- -59.6%
- ROE ÷ P/B
- 4.7%
- 12-1 mom.
- +18.7%
- Return / vol
- 0.20
- Magic Formula
- #297
- PEG
- 10.34
Appears in 10 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 50 in Auto| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Maruti SuzukiMARUTI | ₹3.53 L Cr | 24.63 | 3.30 | 14.4% | 19.0% | 8.0% | 0.00 | +35.9% |
| Mahindra & MahindraM&M | ₹3.44 L Cr | 17.42 | 3.82 | 21.9% | 15.0% | 19.0% | 1.47 | +27.8% |
| Bajaj AutoBAJAJ-AUTO | ₹2.77 L Cr | 23.95 | 7.31 | 28.6% | 28.0% | 21.0% | 0.58 | +65.1% |
| Eicher MotorsEICHERMOT | ₹1.94 L Cr | 33.62 | 7.74 | 23.8% | 31.0% | 24.0% | 0.02 | +31.5% |
| TVS MotorTVSMOTOR | ₹1.89 L Cr | 55.17 | 19.80 | 35.3% | 17.0% | 14.0% | 3.43 | +33.5% |
| Motherson SumiMOTHERSON | ₹1.61 L Cr | 37.17 | 3.92 | 10.8% | 13.0% | 9.0% | 0.47 | +16.7% |
| Hyundai Motor IndiaHYUNDAI | ₹1.50 L Cr | 30.36 | 7.71 | 29.9% | 38.0% | 9.0% | 0.05 | -0.5% |
| Ashok LeylandASHOKLEY | ₹85,142 Cr | 24.48 | 6.03 | 28.1% | 14.0% | 18.0% | 4.49 | +11.6% |
| Sector median | ₹24,286 Cr | 30.36 | 5.70 | 16.7% | 18.0% | 13.0% | 0.24 | +22.0% |
Sector as classified in the tracked universe; medians use every tracked Auto company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 5d agoHeadlines about Ashok Leyland from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 22.9
- EPS (TTM)
- ₹5.92
- Price / Book
- 5.99
- ROE (FY26)
- 28.1%
- ROCE (latest year)
- 14%
- Dividend yield
- 2.41%
Moving averages (NSE)
- 20-day
- ₹149.72
- Price below
- 50-day
- ₹161.62
- Price below
- 200-day
- ₹169.84
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- FII
- DII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 16 Jul 2025: earlier bars are per pre-bonus share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,429 | 11,093 | 13,542 | 10,724 | 11,148 | 11,995 | 14,696 | 11,709 | 12,577 | 14,830 | 17,246 | 13,070 |
| Expenses | 9,559 | 9,131 | 10,975 | 8,856 | 9,108 | 9,659 | 11,705 | 9,535 | 10,136 | 12,008 | 13,938 | 10,660 |
| Operating Profit | 1,870 | 1,961 | 2,567 | 1,868 | 2,040 | 2,336 | 2,991 | 2,173 | 2,441 | 2,822 | 3,308 | 2,410 |
| OPM % | 16% | 18% | 19% | 17% | 18% | 19% | 20% | 19% | 19% | 19% | 19% | 18% |
| Other Income | -1 | 46 | 10 | 36 | 245 | 75 | 22 | 103 | 103 | -140 | 186 | 195 |
| Interest | 715 | 783 | 829 | 904 | 962 | 1,011 | 1,053 | 1,112 | 1,152 | 1,200 | 1,241 | 1,341 |
| Depreciation | 227 | 241 | 233 | 235 | 244 | 268 | 340 | 273 | 268 | 282 | 314 | 315 |
| Profit before tax | 927 | 984 | 1,516 | 765 | 1,078 | 1,132 | 1,621 | 891 | 1,124 | 1,200 | 1,940 | 950 |
| Tax % | 39% | 38% | 38% | 28% | 29% | 28% | 23% | 26% | 27% | 28% | 29% | 30% |
| Net Profit | 569 | 609 | 934 | 551 | 767 | 820 | 1,246 | 658 | 820 | 862 | 1,381 | 668 |
| 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 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-37 days since Mar 2021
-26 days since Mar 2021
-62 days since Mar 2021
0 days since Mar 2021
+2 days since Mar 2021
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%
- Debtor days have improved from 25.4 to 20.0 days.
Risks
- Stock is trading at 5.98 times its book value
- Promoters have pledged 40.1% of their holding.
Compounded Sales Growth
- 10 Years
- +10%
- 5 Years
- +24%
- 3 Years
- +11%
- TTM
- +17%
Compounded Profit Growth
- 10 Years
- +15%
- 5 Years
- +84%
- 3 Years
- +45%
- TTM
- +17%
Stock Price CAGR
- 10 Years
- +12%
- 5 Years
- +15%
- 3 Years
- +20%
- 1 Year
- +6%
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
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 51.51% | 51.51% | 51.51% | 51.51% | 0.00 pp |
| FII | 24.41% | 24.57% | 20.67% | 19.89% | -0.78 pp |
| DII | 13.73% | 13.06% | 15.75% | 16.64% | +0.89 pp |
| Government | 0.07% | 0.07% | 0.07% | 0.07% | 0.00 pp |
| Public | 10.30% | 10.79% | 11.99% | 11.89% | -0.10 pp |
Filed with NSE for Sept 2026: promoters 51.51%, public 48.49% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 9.94% (+0.21 pp)- Promoters51.5%
- Foreign institutions19.9%
- Mutual funds9.9%
- Insurance5.0%
- Other domestic institutions1.7%
- Retail9.8%
- Others2.2%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| SBI Large & Midcap Fund | 1.03% | 2.13% | -0.03 pp |
| Kotak Large & Mid Cap Fund | 0.74% | 2.12% | -0.00 pp |
| ICICI Pru Focused Fund | 0.69% | 3.52% | +1.90 pp |
| Nippon India Growth Mid Cap Fund | 0.65% | 1.14% | -0.27 pp |
| HDFC Flexi Cap Fund | 0.55% | 0.42% | -0.02 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Avg
- Profitability
- Avg
- Entry point
- Good
- Red flags
- Avg
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 35.5%
- Downside volatility
- 34.2%
- Worst 5% of days
- 4.2%
- Average of that tail
- 4.7%
- Max drawdown (1Y)
- 34.6%
- Below its peak
- 31.6%
Against the market
- Beta vs Nifty 50
- 1.83
- Correlation
- 0.68
- Relative strength (3M)
- +1.5%
- ATR (14)
- 2.7%
Return
- Return 1M
- -9.8%
- Return 3M
- -3.8%
- Return 6M
- -19.0%
- Return 1Y
- +7.0%
- vs 200-day average
- -14.7%
Momentum
- RSI (14)
- 35.4
- MACD histogram
- 0.30
- Stochastic %K
- 24.7
- ADX (14)
- 40.5
- +DI / −DI
- 10.3 / 31.1
- Money flow index
- 43.4
Participation
- Delivery (20d avg)
- 48.1%
- vs its 60-day baseline
- +0.5 pts
- Volume vs 20-day
- +1.1σ
- Close vs day's VWAP
- +0.7%
- 52-week position
- 15 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 30 Jun 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- PEG
- 10.34
- Revenue CAGR
- 10.4%
- Profit CAGR
- 2.6%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
HINDUJA AUTOMOTIVE LIMITED Promoters · Pledge Creation | Pledge | 6,00,00,000 | ₹767 Cr | 19 Jul 2021 |
HINDUJA AUTOMOTIVE LIMITED Promoters · Invocation of pledge | Pledge released | 2,35,00,000 | ₹288 Cr | 2 Jul 2021 |
HINDUJA AUTOMOTIVE LIMITED Promoters · Invocation of pledge | Pledge released | 2,42,00,000 | ₹271 Cr | 20 Apr 2021 |
Hinduja Automotive Limited Promoters · Pledge Creation | Pledge | 10,11,60,000 | ₹1176 Cr | 25 Mar 2021 |
HINDUJA AUTOMOTIVE LIMITED Promoters · Pledge Creation | Pledge | 10,11,60,000 | ₹1176 Cr | 25 Mar 2021 |
R Sivanesan Employees/Designated Employees · Market Sale | Sell | 5,000 | ₹4.9 L | 17 Dec 2020 |
Anuj Kathuria Employees/Designated Employees · Market Sale | Sell | 50,000 | ₹45.9 L | 11 Nov 2020 |
HINDUJA AUTOMOTIVE LIMITED Promoters · Pledge Creation | Pledge | 2,42,00,000 | ₹96.4 Cr | 10 Apr 2020 |
Gopal Mahadevan Director · Market Sale | Sell | 1,12,280 | ₹90.2 L | 27 Feb 2020 |
Gopal Mahadevan Director · Off Market | Sell | 1,12,280 | ₹0 | 5 Aug 2019 |
Gopal Mahadevan Key Managerial Personnel · Market Sale | Sell | 80,000 | ₹75.3 L | 15 Mar 2019 |
Vinod Kumar Dasari Key Managerial Personnel · Market Sale | Sell | 31,96,175 | ₹25.3 Cr | 20 Feb 2019 |
Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.
Corporate actions
- dividend₹2.50
Interim Dividend - Rs 2.50 Per Share
3 Jun 2026ex-date - dividendNot available — not reported in this filing
Interim Dividend - Re 1 Per Share
18 Nov 2025ex-date - bonusNot available — not reported in this filing
Bonus 1:1
16 Jul 2025ex-date - dividend₹4.25
Interim Dividend - Rs 4.25 Per Share
22 May 2025ex-date - dividend₹2.00
Interim Dividend - Rs 2 Per Share
19 Nov 2024ex-date - dividend₹4.95
Interim Dividend - Rs 4.95 Per Share
3 Apr 2024ex-date - dividend₹2.60
Annual General Meeting/Dividend - Rs 2.60 Per Share
7 Jul 2023ex-date - dividend₹1.00
Annual General Meeting/Dividend - Rs 1 Per Share
14 Jul 2022ex-date - dividend₹0.60
Annual General Meeting/Dividend - Rs 0.60 Per Share
31 Aug 2021ex-date - otherNot available — not reported in this filing
Annual General Meeting
28 Aug 2020ex-date - dividend₹0.50
Interim Dividend -Rs 0.50 Per Share
19 Mar 2020ex-date - dividend₹3.10
Annual General Meeting/ Dividend - Rs 3.10 Per Share
23 Jul 2019ex-date - dividend₹2.43
Dividend- Rs 2.43 Per Share
9 Jul 2018ex-date - dividend₹1.56
Annual General Meeting/Dividend - Rs 1.56/- Per Share
11 Jul 2017ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend Re 0.95 Per Share
13 Jul 2016ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend - Re 0.45 Per Share
17 Jun 2015ex-date - otherNot available — not reported in this filing
Annual General Meeting
18 Jul 2014ex-date - dividendNot available — not reported in this filing
Annual General Meeting / Dividend - Re.0.60/- Per Equity Share
4 Jul 2013ex-date - dividendNot available — not reported in this filing
Annual General Meeting And Dividend Re.1/- Per Share
12 Jul 2012ex-date - bonusNot available — not reported in this filing
Bonus 1:1
2 Aug 2011ex-date
Company announcements
Update on change in Senior Management Personnel
Credit ratings issued by ICRA Limited, rating agency
Compliance certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.
Monthly business update for the month of September, 2026
The trading window will be closed for all Designated persons and their immediate relatives with effect from October 01, 2026 till 48 hours after the unaudited financial results for the ....
Credit Ratings from CARE Ratings Limited
Intimation of schedule of investors meeting
Intimation of schedule of investors meeting
Intimation of schedule of investors meeting
Intimation of schedule of investor meeting
Monthly Business updates for the month of August 2026
Intimation of schedule of investor meeting
Earnings call transcript
Scrutiniser's Report
Summary of Proceedings of 77th AGM held on August 14, 2026
Filed with BSE (scrip 500477); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026Transcript
- Jun 2026TranscriptRecording
- Feb 2026TranscriptRecording
- Nov 2025Transcript
- Aug 2025Transcript
- May 2025Transcript
Credit ratings
- Rating update · 9 Oct from icra
- Rating update · 21 Sep from care
- Rating update · 2 Jun from icra
- Rating update · 22 Sep 2025 from care
- Rating update · 12 Sep 2025 from icra
- Rating update · 26 Sep 2024 from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 15 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Ashok Leyland: common questions
Answered from the figures on this page.
