Ashok Leyland Ltd Analyst Rating
based on 38 analysts
76.32%
Buy
7.89%
Hold
15.79%
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 of14.51%
High
₹325
Target
₹251.03
Low
₹160
Ashok Leyland Ltd target price ₹251.03, a slight upside of 14.51% compared to current price of ₹217.28. 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
₹216.39Day's Price Range₹220.952 Week's Low
52 Week's High
₹157.5552-Week Price Range₹264.65
| Returns % | |
| 1 Month Return | + 0.15 % |
| 3 Month Return | -7.29 % |
| 1 Year Return | + 29.45 % |
| Market Stats | |
| Previous Close | ₹219.22 |
| Open | ₹219.74 |
| Volume | 78.41L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹65,434.64Cr |
Ashok Leyland Ltd Key Statistics
| P/E Ratio | 24.49 |
| PEG Ratio | 14.76 |
| Market Cap | ₹65,434.64 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 | ₹65,434.64 Cr | 34.57% | 0.64 | ₹2,696 Cr | ₹46,542 Cr | |
| HOLD | ₹37,600.43 Cr | 85.1% | 0.51 | ₹1,049 Cr | ₹8,849 Cr | |
| BUY | ₹2,78,182.61 Cr | 64.53% | 0.68 | ₹31,806 Cr | ₹4,37,927 Cr | |
| BUY | ₹3,45,919.86 Cr | 9.77% | 0.52 | ₹13,488 Cr | ₹1,41,858 Cr | |
| BUY | ₹3,79,425.52 Cr | 94.65% | 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: ₹217.28 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹65,434.64Cr 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
MSRTC Expands Fleet, Boosting Ashok Leyland Demand - 18 Dec, 2024
The Maharashtra State Road Transport Corporation plans to add over 1,300 diesel buses to its fleet, enhancing public transport and increasing demand for Ashok Leyland's vehicles. This initiative aims to address bus shortages and improve commuter capacity across key regions in Maharashtra.Ashok Leyland Reports Mixed Financial Results - 16 Dec, 2024
Ashok Leyland's recent financial update shows a 2.5% revenue decline year-on-year, while net profits surged by 35%. The company continues to hold a significant market share in the MHCV segment.Ashok Leyland Secures Order, Announces Price Increase - 13 Dec, 2024
Ashok Leyland received a ₹345.58 crore order for 1,475 BSVI diesel bus chassis from TNSTC and announced a price increase of up to 3% effective January 2025 due to inflation and rising costs.Ashok Leyland Secures Major Orders and Launches Electric Buses - 12 Dec, 2024
Ashok Leyland has secured a significant order from Tamil Nadu for diesel bus chassis and launched new electric buses through its subsidiary, SWITCH Mobility. Additionally, a contract for electric buses was awarded to its subsidiary, OHM Global Mobility.Ashok Leyland's Switch Mobility Launches Electric Buses - 11 Dec, 2024
Switch Mobility, part of Ashok Leyland, unveiled its new electric city buses, EiV12 and E1, emphasizing sustainable mobility and targeting urban transport needs. The launch reflects strong market confidence with over 1,800 orders already secured.Urban Consumption Slowdown Affects Automobile Sector - 09 Dec, 2024
A decline in consumer sentiment in urban areas negatively impacted the second quarter earnings of major automobile companies, including Ashok Leyland. This trend reflects broader challenges in the automotive market.Ashok Leyland Reports Mixed Sales Performance - 05 Dec, 2024
Ashok Leyland's total wholesales grew 1% YoY to 14,137 units in November 2024. Domestic sales fell 4%, with medium and heavy vehicle sales up 8%, while light commercial vehicle sales dropped 11%.Ashok Leyland Reports Mixed Sales and Bond Plans - 02 Dec, 2024
Ashok Leyland's total sales rose 1% to 14,137 units in November 2024, despite a 4% decline in domestic sales. Additionally, Hinduja Leyland Finance plans to raise $300-500 million through dollar bonds.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.
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 IMPACTFII Holding Up
Foreign Institutions have increased holdings from 21.85% to 24.20% in Sep 2024 quarter
- POSITIVE IMPACT
Revenue 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
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
NO EFFECTAgainst Peers
In the last 1 year, Jupiter Wagons Ltd has given 61.7% return, outperforming this stock by 34.6%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 51.11% of holdings in Sep 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Jupiter Wagons Ltd has given 1240.5% return, outperforming this stock by 1154.5%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 12.15% to 11.57% in Sep 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 6.74% to 5.34% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, ASHOKLEY stock has moved down by -3.1%
News
SpiceJet Expects Return of Grounded B737 MAX Planes by April
SpiceJet expects 3 grounded B737 MAX planes to return to service by April. The airline stated that it has partnered with US-based MRO (maintenance, repair, and overhaul) provider StandardAero to restore its Boeing 737-8 MAX fleet. SpiceJet currently has 36 grounded aircraft, including seven Boeing 737 MAX planes. The airline aims to bring these planes back into service by the end of 2026. SpiceJet chairman and managing director Ajay Singh said the return of three fuel-efficient Boeing 737 MAX planes would provide a significant boost to the airlines financial health. The airline has been working to strengthen its fleet and resolve outstanding disputes after raising ₹3,000 crore recently. In the past two months, it has resolved disputes with multiple lessors, including Export Development Canada, Engine Lease Finance Corporation, Babcock & Brown Aircraft Management, Aircastle (Ireland), Wilmington Trust SP Services (Dublin) and Shannon Engine Support. On Thursday, SpiceJet settled a dispute of over $16 million with Dublin-headquartered commercial aircraft leasing company Genesis Aircraft Services. Under the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity for Rs 100 per share. The airline has also recently cleared all the employee statutory dues including PF and GST.21 Dec, 2024 01:15 AMSpiceJet Faces Allegations Over Aircraft Engine Removal Amid Financial Crisis
US-based Spectre Cargo Solutions has alleged through its Irish affiliates that SpiceJet has removed engines from the five Boeing 737 freighter planes it had leased to the airline. The airline, however, said that it has already returned two aircraft to the lessor and is working to return the three grounded aircraft to service within the first quarter of 2025. It said that the two parties are also working together to lease additional aircraft. Further it must be pointed out that you didn't seek the approval of my clients before taking aforementioned actions and neither have you paid for the use of my clients high value equipment and continue to use the equipment without remunerating my clients for the same, Sarin & Co, a law firm representing three of Spectre Cargo Solution associates-NG Genesis Limited, NGF Charlie Limited, NGF Alpha Limited-said in a notice sent to SpiceJet, a copy of which was seen by ET. Therefore, prima facie, you are inter-alia guilty of theft. The practice of removing parts to keep another plane flying is commonly known as turning the disused planes into Christmas trees. Although rare, the practice is most often linked to financial difficulties. But according to agreements between airlines and lessors, the planes have to be returned in similar condition as they were when originally leased. SpiceJet has gone through a severe financial crisis, during which it defaulted on payment of aircraft lease rentals to multiple lessors. The Delhi High Court summoned senior executives of the airline recently for failing to comply with an earlier order to pay $6 million to engine lessor Team France. After a fundraising of ₹3,000 crore through a qualified institutional placement, however, the airline has been able to resolve some of the disputes. For instance, on Wednesday, it said that it had settled a dispute of around $16 million with Dublin-headquartered Genesis Aircraft Services. Under the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share, the airline said.21 Dec, 2024 12:20 AMSpiceJet Announces Special Flights for Maha Kumbh Mela 2025
SpiceJet has announced the launch of daily special flights connecting Uttar Pradesh's Prayagraj to major cities such as Delhi, Mumbai, Bengaluru, and Ahmedabad. These daily special flights will from 12th January to 28th February, 2025. SpiceJet settles dispute of over USD 16 million with Genesis.20 Dec, 2024 05:04 PMAshok 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 (24.49x)
December 19, 2024
Industry (35.63x)
December 19, 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 3.20%.
Read More about Dividends
Ashok Leyland Ltd Technicals Summary
Bearish
Neutral
Bullish
Ashok Leyland Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Ashok Leyland Ltd (ASHOKLEY) share price today is ₹217.28
Ashok Leyland Ltd is listed on NSE
Ashok Leyland Ltd is listed on BSE
- Today’s highest price of Ashok Leyland Ltd is ₹220.9.
- Today’s lowest price of Ashok Leyland Ltd is ₹216.39.
PE Ratio of Ashok Leyland Ltd is 24.49
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 78.41L.
Today’s market capitalisation of Ashok Leyland Ltd(ASHOKLEY) is ₹65434.64Cr.
| Ashok Leyland Ltd(ASHOKLEY | Price |
|---|---|
52 Week High | ₹264.65 |
52 Week Low | ₹157.55 |
Ashok Leyland Ltd(ASHOKLEY) share price is ₹217.28. It is down -17.90% from its 52 Week High price of ₹264.65
Ashok Leyland Ltd(ASHOKLEY) share price is ₹217.28. It is up 37.91% from its 52 Week Low price of ₹157.55
| Ashok Leyland Ltd(ASHOKLEY | Returns |
|---|---|
1 Day Returns | -1.94% |
1 Month Returns | 0.15% |
3 Month Returns | -7.29% |
1 Year Returns | 29.45% |