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Ashok Leyland Limited (ASHOKLEY.NS)

INR155.19 -4.03 (-2.53%)
IN NSE Industrials Agricultural - Machinery
Address No.1, Sardar Patel Road 600032
Chennai, IN
CEO Shenu Agarwal
Website ashokleyland.com
IPO 2002-07-01
ISIN INE208A01029

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ASHOKLEY.BO (INR) National Stock Exchange of India · ASHOKLEY.NS (INR)
Description

Ashok Leyland Limited, encompassing its various subsidiaries, stands as a prominent manufacturer and global seller of commercial vehicles, with significant operations in India. The company's extensive product portfolio includes a diverse array of buses, designed for urban commuting, inter-city travel, educational institutions, corporate staff, tourism, stage carriage services, and airport transfers. Its robust truck offerings span heavy-duty haulage, intermediate commercial vehicle (ICV) distribution trucks, tractors, and tippers. Furthermore, Ashok Leyland produces light and small commercial vehicles, such as cargo carriers and passenger models, alongside specialized defense vehicles for logistics, high-mobility applications, armored transport, light tactical missions, tracked operations, and simulation. Beyond vehicle manufacturing, the company provides comprehensive power solutions, featuring diesel generators and engines for agricultural, industrial, and marine sectors. It also supplies a broad selection of spare parts, including trailer axles, suspension systems, and various repair and retrofitment kits. Ashok Leyland diversifies its operations through services like vehicle and housing finance, commercial vehicle trading, manpower provision, air chartering, IT services, and driver training programs. Additionally, it engages in the manufacturing of forgings and castings, manages retail outlets, and operates LeyKart, an e-commerce platform dedicated to spare parts. Established in 1948 and headquartered in Chennai, India, Ashok Leyland Limited operates as a subsidiary of Hinduja Automotive Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR155.19 -4.03 (-2.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
28M
Beta
0.40
Float Shares
3.38B
Free Float %
57.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.16% +5.81% -2.10% -22.31% +3.72% -8.48% +37.45% +124.50% +163.24% +209.26% +14,413.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
155.19
Ratings Trend (MoM) 68% Bullish
Rating 2026-05 Change
Strong Buy 8 -1
Buy 15 0
Hold 10 -2
Sell 0 -1
Strong Sell 1 0
Quality scores
Altman Z-Score
1.70
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Agricultural - Machinery: +5.1%
    +16.0% ★ Q1'26: +17.1% (vs Q1'25)
  • ✓
    EPS growth Agricultural - Machinery: +10.7%
    +11.9% ★ Q1'26: +14.6% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Agricultural - Machinery: +31.2%
    -13.2% Q1'26: -37.7% (vs Q1'25)
  • ✗
    EBIT margin Agricultural - Machinery: +9.5%
    +17.6% ★ Q1'26: +18.6% (vs Q1'25)
  • ✗
    ROIC Agricultural - Machinery: +7.1%
    +11.0% ★ Q1'26: +14.1% (vs Q1'25)
  • ✓
    Share dilution Agricultural - Machinery: +0.0%
    -0.2% ★ Q1'26: -0.3% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Agricultural - Machinery: 0.00×
    5.81× Q1'26: 4.57× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.47) × ERP
WACC = 60% × Ke + 40% × Kd (7.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 632.63 Current price: 155.19
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
30 Rev. Ana.
23 EPS Ana. 		Mar 2027
30 Rev. Ana.
24 EPS Ana. 		Mar 2028
29 Rev. Ana.
23 EPS Ana. 		Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
72.45B
est: 70.26B (+3.1%)
111.77B
est: 107.02B (+4.4%)
127.03B
est: 125.67B (+1.1%)
122.03B
est: 133.64B (-8.7%)
113.11B
est: 102.44B (+10.4%)
151.45B
est: 131.60B (+15.1%)
208.71B
est: 184.51B (+13.1%)
224.95B
est: 199.72B (+12.6%)
292.41B
est: 259.21B (+12.8%)
327.53B
est: 290.22B (+12.9%)
217.48B
est: 177.57B (+22.5%)
193.78B
est: 144.62B (+34.0%)
261.10B
est: 205.92B (+26.8%)
414.88B
est: 344.65B (+20.4%)
455.17B
est: 468.24B (-2.8%)
483.42B
est: 389.21B (+24.2%)
438.19B
426.07B – 453.52B
+12.6% YoY
486.03B
463.80B – 541.80B
+10.9% YoY
533.94B
531.58B – 536.31B
+9.9% YoY
562.18B
551.78B – 572.58B
+5.3% YoY
EBITDA
8.33B
est: 3.09B (+169.9%)
12.55B
est: 10.22B (+22.7%)
12.68B
est: 10.62B (+19.4%)
11.77B
est: 8.99B (+30.9%)
9.71B
est: 4.39B (+121.3%)
13.40B
est: -5.15B (+360.1%)
26.58B
est: 2.93B (+808.1%)
34.55B
est: 8.67B (+298.6%)
44.38B
est: 17.70B (+150.7%)
50.49B
est: 24.10B (+109.5%)
32.91B
est: 12.93B (+154.4%)
26.69B
est: -3.35B (+896.2%)
25.35B
est: -4.54B (+658.8%)
52.59B
est: -5.48B (+1,059.6%)
80.16B
est: 68.98B (+16.2%)
96.13B
est: 57.54B (+67.1%)
64.55B
62.77B – 66.81B
+12.2% YoY
71.60B
68.32B – 79.81B
+10.9% YoY
78.66B
78.31B – 79.00B
+9.9% YoY
82.82B
81.28B – 84.35B
+5.3% YoY
EBIT
6.29B
est: 3.42B (+83.8%)
9.91B
est: 8.78B (+12.9%)
9.13B
est: 11.45B (-20.3%)
7.96B
est: 9.74B (-18.3%)
4.44B
est: 6.02B (-26.2%)
7.64B
est: 2.85B (+168.2%)
21.34B
est: 4.71B (+353.4%)
28.82B
est: 22.48B (+28.2%)
37.92B
est: 35.15B (+7.9%)
43.74B
est: 41.64B (+5.1%)
25.41B
est: 27.12B (-6.3%)
18.34B
est: 18.83B (-2.6%)
16.69B
est: 25.48B (-34.5%)
43.58B
est: 30.77B (+41.6%)
70.88B
est: 55.79B (+27.1%)
85.27B
est: 46.54B (+83.2%)
52.21B
50.76B – 54.03B
+12.2% YoY
57.91B
55.26B – 64.55B
+10.9% YoY
63.62B
63.33B – 63.90B
+9.9% YoY
66.98B
65.74B – 68.22B
+5.3% YoY
Net Income
4.24B
est: 2.04B (+107.8%)
6.31B
est: 6.45B (-2.2%)
5.66B
est: 7.41B (-23.7%)
4.34B
est: 6.17B (-29.7%)
-1.64B
est: 3.32B (-149.4%)
1.34B
est: -2.12B (+163.0%)
6.82B
est: 1.89B (+261.0%)
15.89B
est: 7.50B (+111.9%)
17.60B
est: 20.34B (-13.5%)
20.79B
est: 20.42B (+1.8%)
3.37B
est: 13.26B (-74.6%)
-1.65B
est: 2.61B (-163.4%)
-3.59B
est: 3.53B (-201.6%)
12.39B
est: 17.79B (-30.4%)
24.84B
est: 51.26B (-51.6%)
31.07B
est: 32.09B (-3.2%)
37.34B
33.74B – 41.33B
+16.4% YoY
44.34B
39.51B – 50.53B
+18.8% YoY
50.67B
42.12B – 61.47B
+14.3% YoY
59.53B
52.02B – 63.56B
+17.5% YoY
SGA
5.50B
est: 9.45B (-41.7%)
6.38B
est: 16.48B (-61.3%)
3.08B
est: 18.25B (-83.1%)
21.25B
est: 15.67B (+35.6%)
23.71B
est: 11.61B (+104.1%)
15.39B
est: 35.08B (-56.1%)
17.21B
est: 44.24B (-61.1%)
18.60B
est: 43.60B (-57.3%)
22.82B
est: 57.27B (-60.2%)
26.68B
est: 64.14B (-58.4%)
21.90B
est: 38.22B (-42.7%)
21.72B
est: 36.56B (-40.6%)
26.32B
est: 49.48B (-46.8%)
32.34B
est: 59.75B (-45.9%)
36.73B
est: 42.86B (-14.3%)
41.61B
est: 35.75B (+16.4%)
40.11B
39.00B – 41.51B
+12.2% YoY
44.48B
42.45B – 49.59B
+10.9% YoY
48.87B
48.65B – 49.09B
+9.9% YoY
51.45B
50.50B – 52.41B
+5.3% YoY
EPS
1.59
est: 1.40 (+13.5%)
2.37
est: 2.25 (+5.2%)
2.13
est: 2.26 (-5.8%)
1.63
est: 1.57 (+4.0%)
-0.62
est: -1.80 (+65.6%)
0.48
est: 0.70 (-31.8%)
2.40
est: 1.80 (+33.3%)
5.51
est: 2.20 (+150.3%)
6.02
est: 2.63 (+129.2%)
7.08
est: 3.27 (+116.6%)
1.15
est: 0.65 (+77.5%)
-0.28
est: -0.58 (+51.4%)
-0.61
est: -0.30 (-100.7%)
2.11
est: 1.91 (+10.6%)
4.23
est: 8.34 (-49.3%)
5.29
est: 5.19 (+2.0%)
6.56
5.73 – 7.02
+26.5% YoY
7.61
6.72 – 8.59
+16.0% YoY
8.80
7.16 – 10.45
+15.6% YoY
9.40
8.84 – 10.80
+6.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-56.74B
OE per share TTM
-9.68
Owner's Yield
-5.91%
Maintenance CapEx ratio
141.65%
Maint CapEx / Avg PPE
17.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
10.26M
Shares Outstanding
5.87B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Dheeraj Gopichand Hinduja Non-Independent Executive Chairman 287M male
Gopal Mahadevan Whole-Time Director & Director of Strategic Finance and M&A 138M male
Shenu Agarwal Chief Executive Officer, MD & Director 123M male
K. Balaji President of Finance & Chief Financial Officer 47M male
Natarajan Ramanathan Company Secretary & Compliance Officer 19M male
Vinod Chief Information Officer — male
Ganesh Mani Chief Operating Officer — male
Jasmeet Singh Bhatia President & Head ­of Human Resources — male
N. Saravanan President & Chief Technology Officer — —
Sanjeev Kumar President & Head of MHCV — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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