Ashok Leyland Ltd Analyst Rating
based on 38 analysts
78.38%
Buy
5.41%
Hold
16.22%
Sell
Based on 38 analysts offering long term price targets for Ashok Leyland Ltd. An average target of ₹251.03
Source: S&P Global Market Intelligence
Ashok Leyland Ltd Share analysis
Ashok Leyland Ltd price forecast by 38 analysts
Upside of8.17%
High
₹325
Target
₹251.03
Low
₹160
Ashok Leyland Ltd target price ₹251.03, a slight upside of 8.17% compared to current price of ₹232.08. According to 38 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Ashok Leyland Ltd revenue growth forecast
Expected growth rate Q1, FY2026:
Forecast
Actual
Including amortisation and stock based compensations
Ashok Leyland Ltd EPS growth forecast
EPS estimate Q1, FY2026:36.41%
Forecast
Actual
Source: S&P Global Market Intelligence
Ashok Leyland Ltd Performance
Day's Low
Day's High
₹229.21₹232.852 Week's Low
52 Week's High
₹157.55₹264.65
| Returns % | |
| 1 Month Return | + 10.84 % |
| 3 Month Return | -9.5 % |
| 1 Year Return | + 26.72 % |
| Market Stats | |
| Previous Close | ₹231.58 |
| Open | ₹232.00 |
| Volume | 68.41L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹68,001.78Cr |
Ashok Leyland Ltd Key Statistics
| P/E Ratio | 25.93 |
| PEG Ratio | 15.62 |
| Market Cap | ₹68,001.78 Cr |
| P/B Ratio | 5.7 |
| EPS | 9.18 |
| Dividend Yield | 2.89 |
| Sector | Automobile |
| ROE | 30.38 |
Ashok Leyland Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹68,001.78 Cr | 38.31% | 0.64 | ₹2,696 Cr | ₹46,542 Cr | |
| HOLD | ₹39,306.57 Cr | 87.29% | 0.51 | ₹1,049 Cr | ₹8,849 Cr | |
| BUY | ₹2,86,914.90 Cr | 77.67% | 0.68 | ₹31,806 Cr | ₹4,37,927 Cr | |
| BUY | ₹3,44,266.10 Cr | 11.02% | 0.52 | ₹13,488 Cr | ₹1,41,858 Cr | |
| BUY | ₹3,60,461.70 Cr | 91.06% | 0.54 | ₹12,269 Cr | ₹1,39,078 Cr |
About Ashok Leyland Ltd
The company has several subsidiaries, such as Optare, a UK-based bus manufacturer, and Ashok Leyland Defence Systems, which focuses on military vehicles and defense solutions. Ashok Leyland operates in over 50 countries, including the UK, UAE, and Sri Lanka. A notable fact about Ashok Leyland is that it is the second-largest manufacturer of commercial vehicles in India and ranks among the top bus manufacturers globally. The company is a flagship of the Hinduja Group and has focused on expanding its product portfolio through innovation and strategic alliances. Ashok Leyland's popular brands include DOST, Partner, Boss, Mitr, and Captain. DOST is a light commercial vehicle, Partner is a light truck, Boss is a medium-duty truck, Mitr is a mini-bus, and Captain is a heavy-duty truck. The company is also involved in the production of electric vehicles and has recently launched a range of electric buses.
Share Price: ₹232.08 per share as on 29 Nov, 2024 04:01 PM
Market Capitalisation: ₹68,001.78Cr as of today
Revenue: ₹11,104.95Cr as on September 2024 (Q3 24)
Net Profit: ₹766.55Cr as on September 2024 (Q3 24)
Listing date: 03 Nov, 1994
Chairperson Name: D G Hinduja
| Organisation | Ashok Leyland Ltd |
| Headquarters | Chennai |
| Industry | Automobile |
| E-voting on shares | Click here to vote |
Key events for Ashok Leyland Ltd
Ashok Leyland Shares Experience Minor Decline - 29 Nov, 2024
On November 29, 2024, Ashok Leyland shares traded at Rs 230.30, reflecting a 0.49% decline. The stock has a market value of Rs 67,640.60 crore.Brokerage Sets Target Price for Ashok Leyland Stock - 27 Nov, 2024
Ashok Leyland's stock is currently trading at Rs 235.11, with a recommended target price of Rs 262 and a stop loss at Rs 230.Ashok Leyland Shows Bullish Momentum and Growth - 25 Nov, 2024
Ashok Leyland's stock is experiencing a bullish trend, with a breakout pattern forming and a 4.1% rise in share price. Analysts recommend buying at Rs 220 with a target of Rs 244-245, reflecting positive market sentiment and strong performance over the past year.Ashok Leyland Expands Electric Bus Operations - 23 Nov, 2024
Ashok Leyland's subsidiary, Switch Mobility, operates 300 e-buses under the FAME-II Scheme. Additionally, OHM Global Mobility has been awarded a contract for 320 air-conditioned electric buses.Ashok Leyland Expands Dealership Network in West Bengal - 22 Nov, 2024
Ashok Leyland has launched a new light commercial vehicle dealership in Siliguri, West Bengal, enhancing its distribution network to over 800 touch points across India. This expansion reflects the company's commitment to the eastern region's market potential.Ashok Leyland Expands LCV Network in West Bengal - 21 Nov, 2024
Ashok Leyland inaugurated its fifth light commercial vehicle dealership in Siliguri, West Bengal, increasing its distribution network to over 800 touchpoints in the region. The new facility aims to strengthen customer service and capitalize on market opportunities in Eastern India.Ashok Leyland Declares Interim Dividend of Rs 2 - 19 Nov, 2024
Ashok Leyland has declared an interim dividend of Rs 2, effective November 19, 2024, marking a positive financial move for shareholders.Ashok Leyland Announces Dividend Amid Sustainability Focus - 16 Nov, 2024
Ashok Leyland's Gopal Mahadevan emphasized sustainability at the CII Sustainable Manufacturing Summit. The company also declared an interim dividend of Rs 2 per share, effective November 19, 2024.Ashok Leyland Declares Interim Dividend Announcement - 14 Nov, 2024
Ashok Leyland Ltd has declared an interim dividend of ₹2 per share, with the ex-dividend date scheduled for November 19, 2024. This announcement reflects the company's commitment to returning value to shareholders.Ashok Leyland Reports Mixed Q2FY25 Results - 13 Nov, 2024
Ashok Leyland's Q2FY25 results show a decline in vehicle sales and revenue, but EBITDA and PAT outperformed estimates. Despite challenges, a target price of Rs 252 is maintained with an ACCUMULATE rating.Ashok Leyland Partners for Vehicle Financing Solutions - 12 Nov, 2024
Ashok Leyland has partnered with Madhya Pradesh Gramin Bank to offer tailored vehicle financing options. LKP Research maintains a 'BUY' rating with a target price of ₹263, highlighting improved margins and strong non-auto business performance.Ashok Leyland Sees Target Adjustments Amid Positive Outlook - 11 Nov, 2024
Ashok Leyland's stock is experiencing target adjustments from various brokerages, reflecting a cautious yet optimistic outlook for gradual recovery in the commercial vehicle sector. Despite some volume concerns, the company reported strong Q2 results, with net profit increasing significantly. The stock has shown resilience, with a notable rise in share price recently.Ashok Leyland's EV Arm Targets EBITDA Breakeven - 10 Nov, 2024
Ashok Leyland's electric vehicle arm, Switch Mobility, expects to achieve EBITDA breakeven this fiscal year. The company will continue to support Switch and Ohm Global Mobility without seeking investors unless favorable conditions arise.Ashok Leyland Pursues Export Growth and Bullish Trends - 09 Nov, 2024
Ashok Leyland aims for strong export growth in Southeast Asia for FY25, while its stock shows bullish patterns and potential upside, supported by positive trends in its EV subsidiary, Switch Mobility.Ashok Leyland Reports Strong Q2 Growth and Expansion - 08 Nov, 2024
Ashok Leyland announced a 37% increase in Q2 PAT to Rs 770 crore, driven by strong performance and international expansion plans, particularly in Southeast Asia.Ashok Leyland Reports Mixed October Sales Performance - 04 Nov, 2024
Ashok Leyland's total vehicle sales dropped 9% in October 2024, with domestic sales down 11%. Truck sales fell 13%, while bus sales increased by 8%. The disappointing results led to a 3% decline in share prices.Ashok Leyland Considers Interim Dividend Announcement - 31 Oct, 2024
Ashok Leyland may declare an interim dividend for FY 2024-25 during its board meeting on November 8, 2024. The record date for the dividend is set for November 19, 2024. Shares closed at Rs 208.30, down 0.76% from the previous close.
Insights on Ashok Leyland Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 2 quarters, 10.76K Cr → 11.39K Cr (in ₹), with an average increase of 5.6% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 21.85% to 24.20% in Sep 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 509.15 Cr → 705.64 Cr (in ₹), with an average increase of 27.9% per quarter
- POSITIVE IMPACT
Price Rise
In the last 1 month, ASHOKLEY stock has moved up by 10.8%
NO EFFECTAgainst Peers
In the last 1 year, BEML Ltd has given 71.8% return, outperforming this stock by 45.1%
- NO EFFECT
Against Peers
In the last 3 years, Jupiter Wagons Ltd has given 1445.7% return, outperforming this stock by 1351.8%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 51.11% of holdings in Sep 2024 quarter
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 6.74% to 5.34% in Sep 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 12.15% to 11.57% in Sep 2024 quarter
Ashok Leyland Ltd Financials
Index Inclusions
Ashok Leyland Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 51.1% | 0.00 | |
| Foreign Institutions | 24.2% | 10.73 | |
| Mutual Funds | 5.34% | ||
| Retail Investors | 11.57% | ||
| Others | 7.79% |
Ashok Leyland Ltd Key Indicators
Ashok Leyland Ltd Valuation
Ashok Leyland Ltd in the last 5 years
Lowest (-3802.50x)
November 15, 2021
Today (25.93x)
November 29, 2024
Industry (35.82x)
November 29, 2024
Highest (245.62x)
October 7, 2022
Ashok Leyland Ltd Earnings and Dividends
Ashok Leyland Ltd Earnings Results
Ashok Leyland Ltd’s net profit jumped 34.15% since last year same period to ₹705.64Cr in the Q2 2024-2025. On a quarterly growth basis, Ashok Leyland Ltd has generated 38.59% jump in its net profits since last 3-months.
Read More about Earnings ResultsAshok Leyland Ltd Dividends November,2024
In the quarter ending September 2024, Ashok Leyland Ltd has declared dividend of ₹2 - translating a dividend yield of 2.99%.
Read More about Dividends
Ashok Leyland Ltd Technicals Summary
Bearish
Neutral
Bullish
Ashok Leyland Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Ashok Leyland Ltd (ASHOKLEY) share price today is ₹232.08
Ashok Leyland Ltd is listed on NSE
Ashok Leyland Ltd is listed on BSE
- Today’s highest price of Ashok Leyland Ltd is ₹232.8.
- Today’s lowest price of Ashok Leyland Ltd is ₹229.21.
PE Ratio of Ashok Leyland Ltd is 25.93
PE ratio = Ashok Leyland Ltd Market price per share / Ashok Leyland Ltd Earnings per share
Today’s traded volume of Ashok Leyland Ltd(ASHOKLEY) is 68.41L.
Today’s market capitalisation of Ashok Leyland Ltd(ASHOKLEY) is ₹68001.78Cr.
| Ashok Leyland Ltd(ASHOKLEY | Price |
|---|---|
52 Week High | ₹264.65 |
52 Week Low | ₹157.55 |
Ashok Leyland Ltd(ASHOKLEY) share price is ₹232.08. It is down -12.31% from its 52 Week High price of ₹264.65
Ashok Leyland Ltd(ASHOKLEY) share price is ₹232.08. It is up 47.31% from its 52 Week Low price of ₹157.55
| Ashok Leyland Ltd(ASHOKLEY | Returns |
|---|---|
1 Day Returns | 0.5% |
1 Month Returns | 10.84% |
3 Month Returns | -9.5% |
1 Year Returns | 26.72% |