Capital Goods · NIFTY 500
Ashok Leyland Limited
NSEASHOKLEY
BSE500477 ISININE208A01029 SeriesEQ Listed on NSE · BSE
₹173.95 +0.05 (+0.03%) Updated 12 Nov, 6:47 pm IST
Price, daily close+22.54% in a year
Today
- Open
- ₹173.00
- Prev close
- ₹173.90
- Day high
- ₹175.99
- Day low
- ₹172.25
- Volume
- 1.25 Cr
- Value traded
- ₹218.06 Cr
- Upper circuit
- ₹178.58
- Lower circuit
- ₹168.18
- 52W high
- ₹215.42
- 52W low
- ₹138.03
- 1 month
- +18.67%
- 6 months
- +6.54%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹102,176 Cr
P/E (TTM)29.38
P/B7.17
Book value / share₹24.25
EPS (TTM)₹5.92
ROE24.4%
Dividend yield2.01%
Dividend (12m)₹3.50 / share
Net margin (TTM)6.0%
Operating margin18.4%
Debt / equity4.49
Current ratio1.32
EV / EBITDA15.08
Sales growth (YoY qtr)+11.62%
Profit growth (YoY qtr)+0.78%
Sales CAGR 3Y+10.59%
Profit CAGR 3Y+40.90%
Shares587.39 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Sep 23
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Revenue · QoQ (vs last quarter)
—-2.9%+22%-21%+3.9%+7.6%+23%-20%+7.4%+18%+16%-24%
Revenue · YoY (vs a year ago)
————-2.5%+8.1%+8.2%+9.2%+13%+24%+17%+12%
Net profit · QoQ (vs last quarter)
—+6.5%+52%-40%+39%+8.0%+48%-46%+24%+7.6%+59%-52%
Net profit · YoY (vs a year ago)
————+34%+36%+32%+20%+7.1%+6.8%+14%+0.8%
RevenueNet profitLine = trend
Sep 23
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
EPS (₹) · YoY (vs a year ago)
————+34%+36%+32%-40%-46%-47%-43%+1.0%
EPS (₹)Line = trend
| ₹ Cr | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,429 | 11,093 | 13,578 | 10,724 | 11,148 | 11,995 | 14,696 | 11,709 | 12,577 | 14,830 | 17,246 | 13,070 |
| Other income | 34.0 | 26.8 | 35.7 | 29.9 | 114 | 64.9 | 122 | 98.7 | 135 | 180 | 171 | 189 |
| Total income | 11,463 | 11,119 | 13,613 | 10,754 | 11,262 | 12,060 | 14,817 | 11,807 | 12,712 | 15,011 | 17,417 | 13,258 |
| Raw material | 7,262 | 6,876 | 7,956 | 6,570 | 6,207 | 6,934 | 7,974 | 6,887 | 6,813 | 8,204 | 10,323 | 7,604 |
| Purchases | 362 | 371 | 457 | 417 | 429 | 412 | 476 | 450 | 470 | 523 | 453 | 495 |
| Employee cost | 933 | 935 | 950 | 956 | 1,043 | 1,038 | 1,125 | 1,123 | 1,170 | 1,163 | 1,277 | 1,237 |
| Other expenses | 1,190 | 1,243 | 1,434 | 1,305 | 1,298 | 1,310 | 1,573 | 1,616 | 1,613 | 1,869 | 1,929 | 1,885 |
| Total expenses | 10,500 | 10,155 | 12,037 | 9,995 | 10,314 | 10,938 | 13,097 | 10,921 | 11,556 | 13,490 | 15,493 | 12,315 |
| Operating profit | 1,832 | 1,975 | 2,536 | 1,873 | 2,159 | 2,339 | 2,880 | 2,173 | 2,401 | 2,497 | 3,289 | 2,410 |
| OPM % | 16.0% | 17.8% | 18.7% | 17.5% | 19.4% | 19.5% | 19.6% | 18.6% | 19.1% | 16.8% | 19.1% | 18.4% |
| Finance cost | 715 | 783 | 829 | 904 | 962 | 1,011 | 1,053 | 1,112 | 1,152 | 1,200 | 1,241 | 1,341 |
| Depreciation | 227 | 241 | 233 | 235 | 244 | 268 | 340 | 273 | 268 | 282 | 314 | 315 |
| Exceptional items | -38.4 | 13.3 | -66.2 | 4.9 | 119 | 2.4 | -111 | — | -40.0 | -325 | -19.3 | — |
| Profit before tax | 924 | 978 | 1,510 | 764 | 1,067 | 1,125 | 1,609 | 887 | 1,116 | 1,195 | 1,905 | 944 |
| Tax | 358 | 375 | 582 | 215 | 312 | 313 | 375 | 234 | 304 | 337 | 558 | 282 |
| Net profit | 569 | 609 | 934 | 551 | 767 | 820 | 1,246 | 658 | 820 | 862 | 1,381 | 668 |
| Profit to shareholders | 526 | 560 | 853 | 509 | 706 | 762 | 1,130 | 611 | 756 | 813 | 1,291 | 616 |
| EPS (₹) | 1.79 | 1.91 | 2.90 | 1.73 | 2.40 | 2.59 | 3.84 | 1.04 | 1.29 | 1.38 | 2.20 | 1.05 |
Profit & loss
Results for each year
7 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-11%+35%+59%+9.9%+6.0%+16%
Net profit · YoY (vs a year ago)
—-149%-117%+446%+100%+25%+12%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 21,951 | 19,454 | 26,237 | 41,673 | 45,791 | 48,535 | 56,362 |
| Other income | 108 | 131 | 86.8 | 111 | 141 | 358 | 585 |
| Total expenses | 21,270 | 19,728 | 26,207 | 39,573 | 41,757 | 44,344 | 51,459 |
| Employee cost | 2,190 | 2,159 | 2,620 | 3,234 | 3,673 | 4,161 | 4,734 |
| Operating profit | 3,180 | 2,539 | 2,441 | 5,141 | 7,859 | 9,223 | 10,361 |
| OPM % | 14.5% | 13.0% | 9.3% | 12.3% | 17.2% | 19.0% | 18.4% |
| Finance cost | 1,802 | 1,901 | 1,869 | 2,094 | 2,982 | 3,930 | 4,705 |
| Depreciation | 750 | 836 | 866 | 900 | 927 | 1,087 | 1,138 |
| Profit before tax | 736 | -66.6 | -207 | 2,258 | 4,090 | 4,565 | 5,103 |
| Tax | 279 | 2.5 | 85.9 | 907 | 1,410 | 1,214 | 1,434 |
| Tax rate % | 37.9% | — | — | 40.2% | 34.5% | 26.6% | 28.1% |
| Net profit | 460 | -69.6 | -285 | 1,362 | 2,696 | 3,383 | 3,721 |
| Profit to shareholders | 337 | -165 | -359 | 1,241 | 2,484 | 3,107 | 3,471 |
| Net margin % | 1.5% | -0.8% | -1.4% | 3.0% | 5.4% | 6.4% | 6.2% |
| EPS (₹) | 1.15 | -0.56 | -1.22 | 4.22 | 8.45 | 10.56 | 5.91 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Shareholders' equity · YoY (vs a year ago)
—+5.3%+36%+16%
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 |
|---|---|---|---|---|
| Shareholders' equity | 8,554 | 9,005 | 12,232 | 14,242 |
| Long-term borrowings | 19,692 | 26,847 | 36,568 | 46,219 |
| Short-term borrowings | 11,469 | 13,955 | 13,394 | 17,717 |
| Total borrowings | 31,161 | 40,802 | 49,962 | 63,936 |
| Current liabilities | 22,444 | 26,663 | 26,547 | 33,118 |
| Fixed assets (PPE) | 5,763 | 5,867 | 6,289 | 7,983 |
| Inventories | 3,440 | 4,008 | 3,986 | 4,672 |
| Trade receivables | 4,187 | 3,898 | 3,347 | 3,087 |
| Cash & equivalents | 1,909 | 5,217 | 6,545 | 6,281 |
| Current assets | 24,172 | 28,987 | 34,217 | 43,742 |
| Total assets | 54,729 | 67,660 | 81,715 | 101,041 |
| Debt / equity | 3.64 | 4.53 | 4.08 | 4.49 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—-258%-39%+102%-3,910%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2,845 | -4,499 | -6,258 | 128 | -4,895 |
| Cash from investing | -1,917 | -2,935 | 1,135 | -5,758 | -7,016 |
| Cash from financing | -378 | 7,281 | 8,432 | 6,958 | 11,617 |
| Spent on fixed assets | -509 | -929 | -1,134 | -1,648 | -2,945 |
| Free cash flow | 2,336 | -5,428 | -7,392 | -1,520 | -7,840 |
| Net cash flow | 550 | -154 | 3,309 | 1,328 | -293 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
51.5%promoter
- Promoter & group
- 51.51%
- Public (FIIs, mutual funds, retail…)
- 48.49%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Interim Dividend - Rs 2.50 Per Share
- Interim Dividend - Re 1 Per Share
- Bonus 1:1
- Interim Dividend - Rs 4.25 Per Share
- Interim Dividend - Rs 2 Per Share
- Interim Dividend - Rs 4.95 Per Share
- Annual General Meeting/Dividend - Rs 2.60 Per Share
- Annual General Meeting/Dividend - Rs 1 Per Share
Board meetings
- Dividend.
- Interim Dividend for the Financial Year 2026-27
- ASHOK LEYLAND LIMITED has informed the Exchange about Board Meeting to be held on 14-Nov-2026 to inter-alia consider and approve the Unaudited Financ…
- the Unaudited Financial results of the Company for the period ended September 30, 2026
- ASHOK LEYLAND LIMITED has informed the Exchange about Board Meeting to be held on 14-Aug-2026 to inter-alia consider and approve the Unaudited Financ…
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Acquisition
- Other Restructuring
- Monthly Business Updates
- Resignation of Director/KMP/SMP
- Change in Management
- Credit Rating
Latest news
ASHOKLEY Outlook for the WeekEquitypandit · 8 Nov, 1:30 pmAshok Leyland Share Price Jumps Over 10%: What’s Driving the Rally?India Infoline · 5 Nov, 12:43 pmAshok Leyland, Paytm down after 6-day rally; analyst flags positive chartsBusiness Standard · 9 Nov, 2:17 pmAshok Leyland Ltd. Shareholding Pattern – Promoters, FIIs & DIIsValue Research · 4 Sep, 5:15 pmWhy is Ashok Leyland stock climbing today? By Investing.comInvesting.com India · 17 Aug, 12:30 pmAshok Leyland unifies CV portfolios to challenge TataTeam-BHP · 10 Nov, 4:26 pmAshok Leyland Q1FY27: Record volumes drive revenue rise to ₹9,634 crorescanx.trade · 14 Aug, 2:48 pmAshok Leyland shares demonstrate renewed strength, becomes 'Monthly Choice' stock; check target price, stop-lossLivemint · 8 Sep, 12:30 pmAbout
About Ashok Leyland Limited
Ashok Leyland Limited is an Indian multinational automotive manufacturer headquartered in Chennai and owned by the Hinduja Group. Founded in 1948 as Ashok Motors, it was renamed Ashok Leyland in 1955 following a collaboration with British Leyland. Today it is the second-largest manufacturer of commercial vehicles in India, the third-largest bus manufacturer, and the tenth-largest manufacturer of lorries.
From Wikipedia (CC BY-SA 4.0).
BRANDS
Company details
- Company name
- Ashok Leyland Limited
- NSE symbol
- ASHOKLEY
- BSE scrip code
- 500477
- ISIN
- INE208A01029
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 25 May 1995
- Face value
- ₹1 per share
- Market lot
- 1 share
- Shares issued
- 587.39 crore
- Index
- NIFTY 500
- Sector (NSE)
- Capital Goods
- Industry
- Trucks/Construction/Farm Machinery
- Managing director / CEO
- Shenu Agarwal
- Chair
- Dheeraj Hinduja
- Headquarters
- Chennai, Tamil Nadu, India
- Registered address
- No. 1, Sardar Patel Road, Guindy, Chennai – 600 032
- Founded
- 1948
- Employees
- 36,098
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- ashokleyland.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.