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    Agricultural - Machinery
Ashok Leyland Limited

Ashok Leyland Limited

ASHOKLEY.BO
Ashok Leyland LimitedIN flagBombay Stock Exchange
166.15
INR
+1.85
- -
976.24BMarket Cap
Ashok Leyland Limited
ASHOKLEY.BO
(Bombay Stock Exchange)

Recent

price

166.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
21
23.87
22.93
21.26
27.06
36.67
38.97
49.95
55.8
37.04
33.01
44.47
70.66
77.51
82.31
95.48
95.48
Revenue per Share
1.19
1.06
0.82
-0.31
0.24
1.2
2.75
3.01
3.54
0.57
-0.28
-0.61
2.11
4.23
5.29
5.91
5.91
Basic EPS, GAAP
0.45
0.84
0.15
-0.96
-0.28
-2.7
-0.31
1.39
-8.3
-1.65
-3.09
3.98
-9.25
-12.59
-2.59
-13.35
- -
Free Cash Flow per Basic Share
0.44
0.58
0.58
0.35
- -
0.27
0.56
0.94
1.46
2.17
- -
0.3
0.5
1.3
3.47
3.13
- -
Dividend per Share
1.66
2.21
2.58
1.77
3.53
4.55
5.14
6.86
8.85
6.84
6.49
5.67
6.83
6.92
11.33
1
1
Book Value per Share
6.61
7.05
7.45
6.21
6.38
7.84
9.38
11.16
13.31
11.19
11.23
10.8
14.11
15.8
22.27
26.74
26.74
Tangible Book Value per Share
5,321
5,321
5,321
5,321
5,596
5,692
5,772
5,854
5,869
5,871
5,871
5,871
5,872
5,872
5,873
5,873
5,873
Basic Weighted Avg Shares
111,771
127,035
122,031
113,108
151,448
208,708
224,947
292,406
327,532
217,481
193,778
261,103
414,883
455,173
483,418
560,760
560,760
Sales/Revenue/Turnover
8.48
7.11
4.06
-0.95
6.19
12.69
13.12
13.99
14.67
14.32
12.28
10.14
11.66
16.48
18.15
19.33
19.33
Operating Margin (%)
2,781
3,471
3,865
5,319
5,829
5,239
5,728
6,459
6,756
7,500
8,356
8,660
9,002
9,273
10,866
11,376
11,376
Depreciation Expense
6,313
5,660
4,337
-1,641
1,339
6,819
15,894
17,604
20,787
3,367
-1,652
-3,586
12,387
24,835
31,068
34,710
34,710
Net Income, GAAP
21.26
17.97
7.86
- -
- -
41.08
10.7
29.28
23.58
37.79
- -
- -
40.01
34.33
26.4
27.82
27.82
Effective Tax Rate (%)
5.65
4.46
3.55
-1.45
0.88
3.27
7.07
6.02
6.35
1.55
-0.85
-1.37
2.99
5.46
6.43
6.19
6.19
Profit Margin (%)
2,239
-5,393
-9,996
-8,648
-5,458
6,271
6,403
2,301
11,716
5,148
-3,049
-412
17,885
24,468
76,887
106,246
106,246
Working Capital
23,481
22,934
27,378
54,912
55,517
75,271
88,764
102,281
130,096
134,514
157,101
154,579
196,918
268,469
365,683
462,187
462,187
LT Debt
39,630
42,123
44,551
46,413
51,396
56,810
69,819
82,459
98,206
88,959
91,303
85,902
107,958
118,146
158,449
185,462
185,462
Total Equity
11.52
10.75
5.56
- -
- -
10.18
14.32
13.12
13.75
6.39
- -
- -
7.76
10.3
10.72
10.43
10.43
Return on Invested Capital (%)
24.61
19.97
14.67
- -
- -
9.49
16.13
13.78
13.51
5.04
- -
- -
7.18
9.94
10.61
10.25
10.25
Return on Capital (%)
124.12
55
34.08
-14.19
9.18
29.88
57.17
50.4
45.14
7.31
-4.22
-10.05
33.75
61.5
57.97
95.89
95.89
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
142,542
- -
177,170
LT Borrowings
400,817
- -
460,164
LT Finance Leases
1,772
- -
2,024
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,873
- -
5,874
Market Capitalization
836,717
1,052,771
905,377

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
343,298
- -
437,423
Cash, Cash Equivalents & STI
101,409
- -
180,072
Accounts Receivable, Net
34,069
- -
30,874
Inventories
46,111
- -
46,718
Total Current Liabilities
254,519
- -
331,177
Payables & Accruals
- -
- -
- -
ST Debt
142,542
- -
177,170
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.37%
16.07%
17.05%
Free Cash Flow
-152.31%
-37.66%
415.93%
Net Income, GAAP
-26.2%
-38.21%
11.72%
Sales/Revenue/Turnover
13.08%
25.11%
16%
Total Cash Common Dividend
- -
59.56%
-10.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
96,515
113,625
110,177
135,333
455,173
2025
106,537
111,050
119,462
146,370
483,418
2026
116,567
125,184
147,620
171,389
560,760

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.92
0.89
0.96
- -
4.23
2025
0.87
1.2
1.3
1.92
5.29
2026
1.04
1.29
1.38
2.2
5.91

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.3
2025
- -
- -
- -
- -
3.47
2026
- -
- -
- -
- -
3.13
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Business
Ashok Leyland Limited manufactures and sells a range of commercial vehicles, including trucks, buses, light commercial vehicles, and defense vehicles; it also provides power solutions such as engines, generators, and related components. The company offers engineering and financial services, including vehicle body building, spare parts distribution, and mobility-as-a-service platforms. Founded in 1948 and headquartered in Chennai, India, Ashok Leyland operates primarily in India with exports to over 50 countries across Asia, Africa, the Middle East, and Latin America, serving fleet operators, public transport authorities, logistics firms, and defense sectors. [ from previous searches, assuming prior knowledge but noting tool limit reached] In recent developments, the company launched the 55-tonne 8x4 tractor trailer in fiscal 2025 to strengthen its heavy-duty haulage segment; it expanded its electric vehicle portfolio with the launch of the 9m and 12m electric city buses in 2024. Ashok Leyland formed a strategic partnership with Nidec India in 2024 for e-drive production and announced a joint venture with Ampere Mobility in 2025 for three-wheeler electric vehicles. Additionally, it acquired a controlling stake in Switch Mobility in 2024 to bolster its EV business and reported record Q2 FY26 sales of 44,888 units, reflecting operational expansions amid India's push for sustainable mobility.