Lanka Ashok Leyland Plc
CCSELK:ASHO.N00002,547.00
LKR
-12.00
(-0.47%)
ISIN
LK0109N00005
Return %
Stock
S&P 500
1Y
-37.57
14.39
3Y
249.02
81.42
5Y
258.86
68.62
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Umesh Gautam
- Full Time Employees
- 307
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Colombo Sri Lanka
- IPO Date
- Jun 8, 1987
- Website
- lal.lk
- Similar Companies
- Business
- Lanka Ashok Leyland PLC is a Sri Lanka-based automotive manufacturing and trading enterprise primarily engaged in the assembly, importation, distribution, and maintenance of commercial vehicles, diesel power generators, and genuine automotive replacement components. Founded in 1982 and listed on the Colombo Stock Exchange in 1983, the company operates as a joint venture between Ashok Leyland Limited of India and the Government of Sri Lanka through Lanka Leyland Limited. Lanka Ashok Leyland is headquartered in Colombo, Sri Lanka, with its primary manufacturing, progressive assembly, and vehicle body fabrication plant situated in Panagoda, Homagama. The company operates across key business segments comprising Commercial Vehicles, Automotive Spare Parts, Heavy Engineering and Body Fabrication, Power Solutions, and Workshop Services. Its core product and service portfolio includes light commercial vehicles, such as the Dost and Partner series designed for urban distribution and last-mile freight; medium and heavy-duty haulage trucks ranging from 2.85 metric tons gross vehicle weight to 49 metric tons gross combination weight for cargo transport, haulage, and construction applications; standard, semi-luxury, and heavy-duty passenger buses ranging from 20 to 75 seating capacities built on Viking, Eagle, Lynx, and Cheetah chassis for public transit, intercity travel, staff transportation, and tourism; custom vehicle body building and fabrication, including fuel and water bowsers, refrigerated containers, steel and aluminum cargo enclosures, tippers, and specialized municipal utility bodies; genuine spare parts and accessories marketed under the Leyparts and VALUEPARTS brand names, encompassing engines, drivetrains, transmission components, braking units, suspensions, and electrical assemblies; industrial and commercial diesel generator sets for primary and auxiliary electrical power generation; and comprehensive automotive support services, including semi-knocked-down (SKD) vehicle assembly, major accident rebuilds, preventative fleet servicing, driver and technical staff training via the LAL Learning Center, and commercial vehicle leasing and hiring solutions. Lanka Ashok Leyland PLC serves private fleet operators, individual transport owners, logistics firms, industrial corporations, and public sector organizations, including the Sri Lanka Transport Board (SLTB), government ministries, and local municipal councils. The company distributes its vehicles and aftermarket support through a nationwide network of company-owned regional branches, authorized dealership centers, service facilities, and spare parts distributors across Sri Lanka. In recent developments, Lanka Ashok Leyland PLC has expanded its product offerings and infrastructure network to capitalize on national economic revitalization and growing commercial transport requirements. The company relaunched its rear-engine super-luxury air-conditioned coach line specifically configured to support the luxury passenger transport and inbound tourism sectors, while deploying specialized fleets of refuse compactors and waste management trucks in support of municipal environmental initiatives such as the Clean Sri Lanka Project. To broaden customer accessibility and aftermarket convenience, the company inaugurated a new integrated sales, service, and spare parts outlet in Dehiwala and enhanced vocational training infrastructure with a modern medical centre at the LAL Learning Center. Financially, the company achieved milestone operating performance for the fiscal year ended March 31, 2026, generating gross revenue of Rs. 19.33 billion and a net profit of Rs. 3.06 billion, reflecting sustained demand for fleet modernization across the island.