Agricultural, Commercial & Construction Vehicles
Past Returns: Outperforming stock! In past three years, the stock has provided 33.7% return compared to 12.2% by NIFTY 50.
Insider Trading: There's significant insider buying recently.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Momentum: Stock price has a strong positive momentum. Stock is up 19.3% in last 30 days.
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money has been increasing their position in the stock.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 1.02 LCr |
| Price/Earnings (Trailing) | 34.5 |
| Price/Sales (Trailing) | 1.98 |
| EV/EBITDA | 14.86 |
| Price/Free Cashflow | -52.97 |
| MarketCap/EBT | 21.52 |
| Enterprise Value | 1.52 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 51.4 kCr |
| Rev. Growth (Yr) | 12.9% |
| Earnings (TTM) | 3.54 kCr |
| Earnings Growth (Yr) | 6.9% |
Profitability | |
|---|---|
| Operating Margin | 10% |
| EBT Margin | 9% |
| Return on Equity | 21.31% |
| Return on Assets | 4.15% |
| Free Cashflow Yield | -1.89% |
Growth & Returns | |
|---|---|
| Price Change 1W | 5.9% |
| Price Change 1M | 19.3% |
| Price Change 6M | 47.6% |
| Price Change 1Y | 58.3% |
| 3Y Cumulative Return | 33.7% |
| 5Y Cumulative Return | 28.7% |
| 7Y Cumulative Return | 18.6% |
| 10Y Cumulative Return | 14.7% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -5.76 kCr |
| Cash Flow from Operations (TTM) | 128.47 Cr |
| Cash Flow from Financing (TTM) | 6.96 kCr |
| Cash & Equivalents | 4.71 kCr |
| Free Cash Flow (TTM) | -1.52 kCr |
| Free Cash Flow/Share (TTM) | -2.59 |
Balance Sheet | |
|---|---|
| Total Assets | 85.31 kCr |
| Total Liabilities | 68.68 kCr |
| Shareholder Equity | 16.63 kCr |
| Current Assets | 34.33 kCr |
| Current Liabilities | 25.45 kCr |
| Net PPE | 6.67 kCr |
| Inventory | 4.61 kCr |
| Goodwill | 1.36 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.64 |
| Debt/Equity | 3.28 |
| Interest Coverage | 0.09 |
| Interest/Cashflow Ops | 1.03 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3.12 |
| Dividend Yield | 1.8% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Updated May 5, 2025
Ashok Leyland reported a 6% year-on-year decline in total vehicle sales for April 2025, totaling 13,421 units compared to 14,271 units in April 2024.
The decline was mainly due to a 22% fall in medium and heavy commercial vehicle (M&HCV) bus sales.
The stock is currently trading 0.79% lower at Rs 225.85, with a decline of 2.33% in the last five days.
Analyst / Investor Meet • 11 Dec 2025 Investor Meet - 16.12.2025 |
Monthly Business Updates • 01 Dec 2025 Sales volume for November 2025 |
Restructuring • 28 Nov 2025 Announcement under Regulation 30 (LODR) - Restructuring |
Restructuring • 28 Nov 2025 Announcement under Regulation 30 (LODR) |
General • 26 Nov 2025 Stock Exchange intimation of Hinduja Leyland Finance Limited, a Material Subsidiary of the Company |
Analyst / Investor Meet • 24 Nov 2025 Investor Meet - 27.11.2025 |
Analyst / Investor Meet • 24 Nov 2025 Investor Meet - 28.11.2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Ashok Leyland's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
In the Q1 FY'26 earnings call for Ashok Leyland, management provided an optimistic outlook, indicating that the company has recorded its highest ever revenue, EBITDA, and net profit for this quarter. Net profit reached Rs. 594 crore, a 13% year-over-year increase. Revenue stood at Rs. 8,725 crore (up 1.5% YOY), with EBITDA of Rs. 970 crore (up 6.4%). The EBITDA margin improved to 11.1%, reflecting a 50 basis point increase from the previous year.
Key forward-looking points include:
Market Share Growth: The company's market share in the MHCV segment, excluding defense and EVs, rose to 31.1% (up from 29.8% YOY), while share in the 0 to 7.5 LCV segment improved to 12.9%.
Volume Projections: Despite a 2% decline in domestic MHCV industry volume in Q1, Ashok Leyland's domestic MHCV volume grew by 2% to 25,641 units. Management anticipates a double-digit revenue growth for FY'26.
Cost Management: Material costs were stable at 70.6% of revenue, reflecting effective cost-containment strategies despite market pressures.
Product Launches: Management plans to introduce several new products in both MHCV and LCV segments, including high-horsepower tippers and a new LNG segment offering later this year.
Capacity Expansion: A new plant in Andhra Pradesh is ramping up to 200 units per month, and a new bus plant in Lucknow is set to begin operations in Q3 FY'26.
Defense Sector Potential: The company holds a strong defense order book and is optimistic about further growth, with a pipeline exceeding Rs. 1,000 crore.
Overall, management expressed a robust confidence in achieving growth in both revenue and margins, particularly in the second half of FY'26, driven by new product launches and a favorable macroeconomic environment.
Last updated:
Gunjan Prithyani: "Firstly, on the margin side, can you give us some color on what were the key variables? Are there more commodity pressures to bear in mind in the next couple of quarters?"
Shenu Agarwal: We managed to stabilize margins despite AC regulations. Customer adoption of AC vehicles was strong, allowing us to pass on costs and improve pricing. Steel prices are trending lower, which bodes well for margins. Overall, we controlled overheads effectively, with better product mix and non-CV revenue growth contributing significantly.
Gunjan Prithyani: "What is the process forward regarding Hinduja Leyland Finance's restructuring? What is the situation in the financing landscape for CVs?"
K. M. Balaji: The restructuring process involves several regulatory steps and will likely take two to three quarters. As for CV financing, we're aware of some distress in the sector but, from our internal checks, HLF does not see any current red flags.
Kapil Singh: "What is your outlook for demand in the MHCV segment given existing market conditions? What about replacement demand?"
Shenu Agarwal: We expect mid-single-digit growth in MHCV demand. While there's aging fleet pressure, improved CAPEX and declining interest rates should trigger demand. We observed July growth at around 5%, indicating a favorable outlook.
Kapil Singh: "Can you elaborate on the total investment plan for OHM, given the upcoming bus operational targets?"
Shenu Agarwal: OHM currently operates 800 buses with plans to induct more. We're investing Rs. 300 crores for additional buses. Future funding will be assessed as needed, but this project remains vital for growth.
Chandramouli Muthiah: "What is your medium-term assessment of capacity needs? Given anticipated demand growth, how will you adapt?"
Shenu Agarwal: Current overall capacity is sufficient for the next two to three years. However, we plan to increase fully built bus capacity significantly from 950 to 1650 units per month to meet growing demand.
Pramod Kumar: "What is the current status of Hinduja Leyland Finance, particularly regarding asset quality?"
K. M. Balaji: HLF's AUM stands at Rs. 50,000 crores, with a PAT of Rs. 160 crores and NNPA at 1.63%. While credit quality is under scrutiny industry-wide, our portfolio remains stable.
Raghunandhan NL: "What are your expectations for defense orders moving forward?"
Shenu Agarwal: We are optimistic about defense with an order book exceeding Rs. 1,000 crores and significant tenders pending. This should support our growth targets for the upcoming year.
Raghunandhan NL: "Could you confirm the variance in defense revenue between Q1 this year and last?"
Shenu Agarwal: Revenue dropped significantly from around Rs. 400 crores to approximately Rs. 150 crores in Q1 this year, largely due to an unusual previous year's performance, but we expect recovery.
This summary captures essential questions and concisely articulates management's responses from the earnings call, retaining key details and forward-looking insights.
Analysis of Ashok Leyland's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Commercial vehicle | 84.3% | 10.6 kCr |
| Financial service | 15.7% | 2 kCr |
| Total | 12.6 kCr |
Understand Ashok Leyland ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| HINDUJA AUTOMOTIVE LIMITED | 35% |
| JP MORGAN CHASE BANK, NA | 11.3% |
| HINDUJA BANK (SWITZERLAND) LTD (BENEFICIARY - HINDUJA AUTOMOTIVE LIMITED) | 4.97% |
| SBI MUTUAL FUND (Under Different sub accounts) | 1.89% |
| LIFE INSURANCE CORPORATION OF INDIA (Under different sub accounts) | 1.52% |
| T. ROWE PRICE EMERGING MARKETS DISCOVERY STOCK TRUST | 1.32% |
| KOTAK MAHINDRA TRUSTEE CO LTD (Under Different sub accounts) | 1.1% |
| FRANKLIN TEMPLETON MUTUAL FUND (Under different sub accounts) | 1.01% |
| HINDUJA FOUNDRIES HOLDING LIMITED | 0.24% |
| ASSOCIATION OF PERSONS | 0% |
| BANK FOREIGN | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Ashok Leyland against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| M&M | Mahindra & Mahindra | 4.48 LCr | 1.78 LCr | -3.20% | +19.50% | 28.26 | 2.51 | - | - |
| BAJAJ-AUTO | Bajaj Auto | 2.51 LCr | 56.51 kCr | +1.30% | +0.20% | 30.16 | 4.45 | - | - |
| EICHERMOT | Eicher Motors | 1.98 LCr | 22.89 kCr | +4.60% | +51.20% | 38.74 | 8.65 | - | - |
| TATAMOTORS | Tata Motors | 1.3 LCr | 4.16 LCr | -2.30% | -52.60% | 11.24 | 0.31 | - | - |
| FORCEMOT | Force Motors | 23.46 kCr | 8.71 kCr | +1.00% | +169.30% | 21.78 | 2.69 | - | - |
| SMLISUZU | SML ISUZU | 5.33 kCr | 2.51 kCr | +29.00% | +147.40% | 37.65 | 2.12 | - | - |
Comprehensive comparison against sector averages
ASHOKLEY metrics compared to Agricultural,
| Category | ASHOKLEY | Agricultural, |
|---|---|---|
| PE | 34.50 | 39.78 |
| PS | 1.98 | 3.76 |
| Growth | 9.9 % | 11.1 % |
Ashok Leyland is a prominent player in the commercial vehicle sector, identified by its stock ticker ASHOKLEY. The company boasts a substantial market capitalization of Rs. 66,794.3 Crores.
Incorporated in 1948, Ashok Leyland is headquartered in Chennai, India. It manufactures and sells a wide range of commercial vehicles both domestically and internationally. Their product lineup includes:
Additionally, Ashok Leyland provides power solutions like diesel generators, agriculture engines, industrial engines, and marine engines. They also offer a variety of services including vehicle and housing financing, spare parts distribution, and trading in commercial vehicles.
The company has ventured into diverse areas such as manpower supply, air chartering, IT services, and manufacturing forgings and castings. They also operate retail stores and LeyKart, an e-commerce platform for spare parts.
With a reported trailing 12 months revenue of Rs. 47,689.7 Crores, Ashok Leyland returns value to its investors through a dividend yield of 3.06% per year, having paid a dividend of Rs. 6.95 per share in the last 12 months. Notably, the company has achieved an impressive revenue growth of 94.3% over the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
ASHOKLEY vs Agricultural, (2021 - 2025)