Analyst Rating
based on 39 analysts
71.79%
Buy
10.26%
Hold
17.95%
Sell
Based on 39 analysts offering long term price targets for Ashok Leyland Ltd. An average target of ₹260.31
Source: S&P Global Market Intelligence
Ashok Leyland Ltd Share analysis
Ashok Leyland Ltd price forecast by 39 analysts
Upside of8.10%
High
₹315
Target
₹260.31
Low
₹146
Ashok Leyland Ltd target price ₹260.31, a slight upside of 8.1% compared to current price of ₹235.95. According to 39 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Ashok Leyland Ltd revenue growth forecast
Expected growth rate Q1, FY2026:
Forecast
Actual
Including amortisation and stock based compensations
Ashok Leyland Ltd EPS growth forecast
EPS estimate Q1, FY2026:49.05%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹234.8₹240.452 Week's Low
52 Week's High
₹157.55₹264.65
| Returns % | |
| 1 Month Return | -6.49 % |
| 3 Month Return | + 0.65 % |
| 1 Year Return | + 31.12 % |
| Market Stats | |
| Previous Close | ₹240.80 |
| Open | ₹240.40 |
| Volume | 74.74L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹70,709.17Cr |
Key Statistics
| P/E Ratio | 28.87 |
| PEG Ratio | 12.66 |
| Market Cap | ₹70,709.17 Cr |
| P/B Ratio | 5.7 |
| EPS | 9.18 |
| Dividend Yield | 2.89 |
| Sector | Automobile |
| ROE | 30.38 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹70,709.17 Cr | 60.74% | 0.64 | ₹2,696 Cr | ₹46,542 Cr | |
| ₹42,947.91 Cr | 131.57% | 0.51 | ₹1,049 Cr | ₹8,849 Cr | ||
| BUY | ₹3,58,867.80 Cr | 140.16% | 0.68 | ₹31,806 Cr | ₹4,37,927 Cr | |
| BUY | ₹3,85,009.53 Cr | 20.18% | 0.52 | ₹13,488 Cr | ₹1,41,858 Cr | |
| BUY | ₹3,46,652.31 Cr | 85.79% | 0.54 | ₹12,269 Cr | ₹1,39,078 Cr |
Company Information
The company has several subsidiaries, such as Optare, a UK-based bus manufacturer, and Ashok Leyland Defence Systems, which focuses on military vehicles and defense solutions. Ashok Leyland operates in over 50 countries, including the UK, UAE, and Sri Lanka. A notable fact about Ashok Leyland is that it is the second-largest manufacturer of commercial vehicles in India and ranks among the top bus manufacturers globally. The company is a flagship of the Hinduja Group and has focused on expanding its product portfolio through innovation and strategic alliances. Ashok Leyland's popular brands include DOST, Partner, Boss, Mitr, and Captain. DOST is a light commercial vehicle, Partner is a light truck, Boss is a medium-duty truck, Mitr is a mini-bus, and Captain is a heavy-duty truck. The company is also involved in the production of electric vehicles and has recently launched a range of electric buses.
Share Price: ₹235.95 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹70,709.17Cr as of today
Revenue: ₹10,681.40Cr as on June 2024 (Q2 24)
Net Profit: ₹550.65Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994
Chairperson Name: D G Hinduja
| Organisation | Ashok Leyland Ltd |
| Headquarters | Chennai |
| Industry | Automobile |
| E-voting on shares | Click here to vote |
Key events for Ashok Leyland Ltd
Ashok Leyland Sees Positive Outlook for CV Sales - 17 Sep, 2024
Ashok Leyland's MD anticipates improved commercial vehicle sales in H2 FY2025, with a projected nominal growth of 0-3% due to fading temporary factors and a lower base from last year.
Sharekhan Maintains BUY Rating on Ashok Leyland - 16 Sep, 2024
Sharekhan has retained a BUY rating on Ashok Leyland, citing strong margins, improved freight rates, and positive outlook for the MHCV sector ahead of Diwali. The brokerage expects sustainable double-digit EBITDA margins and a price target of Rs 285.
Ashok Leyland's Road to School Initiative Expands - 13 Sep, 2024
Ashok Leyland's 'Road to School' program, aimed at improving education in remote areas, has won a Changemaker award and expanded to 2,400 schools, impacting over 300,000 students. The company aims to reach one million students by 2030.
Ashok Leyland Shares Rise on EV Subsidy Approval - 12 Sep, 2024
Ashok Leyland's stock saw a rally following the government's approval of a new subsidy scheme for electric vehicles, which includes buses. Additionally, Switch Mobility plans to deliver over 1,200 ultra low-floor buses soon, indicating strong demand in the EV sector.
Ashok Leyland to Wait for Better EV Valuations - 11 Sep, 2024
Ashok Leyland plans to delay fundraising for its EV arm, Switch Mobility, until electric vehicle valuations improve. The company has raised its capex guidance to Rs 800-1,000 crore for electric commercial vehicles and other technologies.
Ashok Leyland Promoted for Gas-Based Fuel Adoption - 10 Sep, 2024
Nitin Gadkari urged truck manufacturers, including Ashok Leyland, to transition from diesel to gas-based fuels, highlighting successful implementation of methanol-blended diesel in their vehicles.
Ashok Leyland Forms Strategic Partnership with Bandhan Bank - 05 Sep, 2024
Ashok Leyland has signed a Memorandum of Understanding with Bandhan Bank to provide tailored vehicle financing solutions, aiming to enhance customer access and strengthen market position.
Ashok Leyland Faces Sales Decline Amid New Initiatives - 04 Sep, 2024
Ashok Leyland reported a 14% decline in medium and heavy commercial vehicle sales. Meanwhile, it launched an advanced Uptime Solution Center to improve service. Switch Mobility sold 33 electric vehicles in August, holding a 5% market share.
Ashok Leyland Launches Uptime Solution Centre in Chennai - 03 Sep, 2024
Ashok Leyland has opened a state-of-the-art Uptime Solution Centre in Chennai, utilizing advanced technology for real-time support and troubleshooting of BS-VI trucks, aiming to maximize fleet uptime and customer satisfaction.
Ashok Leyland Reports Decline in Sales and Profit - 02 Sep, 2024
Ashok Leyland's August 2024 commercial vehicle sales fell 7% YoY to 14,463 units, with M&HCV sales down 14%. Exports rose 8%. Q1 FY25 net profit decreased by 6.39% to Rs 509.15 crore, despite a 10.66% revenue increase. The stock fell 1.80% to Rs 251.65.
Ashok Leyland Launches Innovative Guard 15M Bus Chassis - 30 Aug, 2024
Ashok Leyland introduced the Guard 15M bus chassis at Prawaas 4.0, featuring advanced technology for long-distance travel and a capacity of 42 sleeper berths. The commercial launch is expected in Q4 FY25.
Ashok Leyland Launches Innovative GARUD 15M Bus Chassis - 29 Aug, 2024
Ashok Leyland has unveiled the GARUD 15M, India's first front engine multi-axle bus chassis, designed for long-distance travel with 42 sleeper berths. The commercial launch is anticipated in Q4 FY25, showcasing advanced features for enhanced comfort and efficiency.
Ashok Leyland Liquidates UK Subsidiary Amid Profit Decline - 28 Aug, 2024
Ashok Leyland's step-down subsidiary in the UK has been liquidated. The company reported a 6.39% decline in Q1 FY25 net profit despite a revenue increase.
Ashok Leyland Stock Hits Record High Amid Rally - 23 Aug, 2024
Ashok Leyland's stock surged over 51% from Rs 171.30 in February to Rs 260.25 in August 2024, reaching an all-time high of Rs 261.70. After a brief consolidation, the stock rebounded strongly, supported by a bullish upward channel pattern.
Ashok Leyland Targets Single-Digit Growth in MHCV - 21 Aug, 2024
Ashok Leyland aims for single-digit growth in the Medium and Heavy Commercial Vehicle (MHCV) segment, holding a 30% market share. The MHCV segment accounts for 60% of the company's revenue, with a 40% market share in the bus segment. The company is also exploring alternative fuels like LNG and hydrogen.
Ashok Leyland Aims for Growth in MHCV Market - 20 Aug, 2024
Ashok Leyland is targeting single-digit growth in the medium and heavy commercial vehicle (MHCV) sector for FY24, driven by economic recovery. The company holds a 30% market share and is exploring alternative fuels like LNG and hydrogen, while emphasizing the importance of infrastructure support.
Insights on Ashok Leyland Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 5.79% to 6.74% in Jun 2024 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 21.28% to 21.85% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 51.11% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Titagarh Rail Systems Ltd has given 69.4% return, outperforming this stock by 38.3%
- NO EFFECT
Against Peers
In the last 3 years, Jupiter Wagons Ltd has given 1487.0% return, outperforming this stock by 1394.5%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 14.60% to 12.15% in Jun 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 month, ASHOKLEY stock has moved down by -6.5%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 13.61K Cr → 10.76K Cr (in ₹), with an average decrease of 21.0% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 853.41 Cr → 509.15 Cr (in ₹), with an average decrease of 40.3% per quarter
Ashok Leyland Ltd Infographics
Ashok Leyland Q2 FY2023-2024 Results: Key Insights
Let's find out how did ashok leyland performed this quarter
News
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Buy TVS Supply shares in the cash segment for a target of Rs 205 with a stop loss at Rs 19231 Jul, 2024 10:09 AMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 51.1% | 0.00 | |
| Foreign Institutions | 21.85% | 2.72 | |
| Mutual Funds | 6.74% | 16.48 | |
| Retail Investors | 12.15% | ||
| Others | 8.15% | 12.72 |
Key Indicators
Ashok Leyland Ltd Valuation
Ashok Leyland Ltd in the last 5 years
Lowest (-3802.50x)
November 15, 2021
Today (28.87x)
September 17, 2024
Industry (41.89x)
September 17, 2024
Highest (245.62x)
October 7, 2022
Earnings and Dividends
Ashok Leyland Ltd Earnings Results
Ashok Leyland Ltd’s net profit fell -6.39% since last year same period to ₹509.15Cr in the Q1 2024-2025. On a quarterly growth basis, Ashok Leyland Ltd has generated -40.34% fall in its net profits since last 3-months.
Read More about Earnings ResultsAshok Leyland Ltd Dividends March,2024
In the quarter ending December 2023, Ashok Leyland Ltd has declared dividend of ₹4.95 - translating a dividend yield of 3.14%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Ashok Leyland Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Ashok Leyland Ltd (ASHOKLEY) share price today is ₹235.95
Ashok Leyland Ltd is listed on NSE
Ashok Leyland Ltd is listed on BSE
- Today’s highest price of Ashok Leyland Ltd is ₹240.4.
- Today’s lowest price of Ashok Leyland Ltd is ₹234.8.
PE Ratio of Ashok Leyland Ltd is 28.87
PE ratio = Ashok Leyland Ltd Market price per share / Ashok Leyland Ltd Earnings per share
Today’s traded volume of Ashok Leyland Ltd(ASHOKLEY) is 74.74L.
Today’s market capitalisation of Ashok Leyland Ltd(ASHOKLEY) is ₹70709.17Cr.
| Ashok Leyland Ltd(ASHOKLEY | Price |
|---|---|
52 Week High | ₹264.65 |
52 Week Low | ₹157.55 |
Ashok Leyland Ltd(ASHOKLEY) share price is ₹235.95. It is down -10.84% from its 52 Week High price of ₹264.65
Ashok Leyland Ltd(ASHOKLEY) share price is ₹235.95. It is up 49.76% from its 52 Week Low price of ₹157.55
| Ashok Leyland Ltd(ASHOKLEY | Returns |
|---|---|
1 Day Returns | -4.85% |
1 Month Returns | -6.49% |
3 Month Returns | 0.65% |
1 Year Returns | 31.12% |