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    Agricultural - Machinery
Ashok Leyland Limited

Ashok Leyland Limited

ASHOKLEY.NS
Ashok Leyland LimitedIN flagNational Stock Exchange of India
156.66
INR
-1.79
- -
920.20BMarket Cap
Ashok Leyland Limited
ASHOKLEY.NS
(National Stock Exchange of India)

Recent

price

156.66

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
837,421
1,053,300
905,260

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 Ashok Leyland Limited manufactures commercial vehicles and related engines in India and internationally. The company offers trucks including haulage, intermediate commercial vehicles, tippers, tractors, and light commercial vehicles such as DOST and Bada DOST; buses ranging from city, intercity, school, and staff variants with capacities from 9 to 80 seats; defense mobility solutions; diesel engines and generators for industrial, genset, and marine applications; and power solutions including electric and alternate fuel technologies. Headquartered in Chennai, India, and founded in 1948 as part of the Hinduja Group, Ashok Leyland operates manufacturing facilities across Ennore, Hosur, Alwar, Pantnagar, and other locations in India, with overseas units in the United Arab Emirates and United Kingdom, serving markets in SAARC countries, the Middle East, Africa, and beyond. Recent developments include a partnership with FAMCO Qatar, an Al-Futtaim Group company, to expand presence in the Qatari market; a long-term exclusive alliance with CALB Group for next-generation battery technology investments exceeding Rs 5,000 crore to bolster electric vehicle capabilities; a Rs 1,200 crore investment MoU with the Tamil Nadu government; plans for a new electric commercial vehicle plant in Uttar Pradesh targeting 2,500 units annually by 2025; capacity expansions in bus and light commercial vehicle segments with Rs 1,000 crore capex for FY26 including a Centre of Excellence and higher-horsepower engines; network growth in North India via over 50 new dealerships and service outlets; and a one-to-one bonus share issue following strong FY25 performance.