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Ashok Leyland Limited

Ashok Leyland Limited

NSE: ASHOKLEY
Farm & Heavy Construction MachineryIndustrialsLARGE CAPMCap ₹87.47k Cr
₹148.91₹0.73 (+0.49%)

Market Closed • NSE

Market cap₹87.47k Cr
Enterprise value₹138.27k Cr
P/E TTM25.15
Forward P/E18.37
P/B6.14
EPS TTM₹5.92
Forward EPS₹8.11
ROCE13.60%
D/E3.45
Dividend yield0.02%
Face value₹1.00
52W high₹215.42
52W low₹134.21
Price chart(1Y)
1Y Return:-2.32% (₹3.54)
H: ₹182.7L: ₹142.7
1W+3.23%
1M-6.12%
3M-3.27%
6M-12.73%
1Y+10.71%
Today at a glance

Day range

₹148.01₹150.00

52 week range

₹134.21₹215.42
Volume11.02M0.87x 20D avg
Free float50.00%-12.90% volume

Ashok Leyland Limited closed at INR148.91 (+0.49%) on volume 0.87x its 20-day average, trading 30.87% below its 52-week high.

Technical analysis
RSI (14)40.7Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹3.93Moderate
SMA 20₹152.87BEARISH
SMA 50₹163.71BEARISH
SMA 100₹160.14BEARISH
SMA 200₹170.20BEARISH
CPR bottom₹147.58
Pivot₹147.78
CPR top₹147.98
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -51.6% QoQ

2026-06-03

DIVIDEND Announced

Interim Dividend - Rs 2.50 Per Share

2025-11-18

DIVIDEND Announced

Interim Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹63.94k Cr₹87.47k Cr73.10%≤ 33%FAIL
Non-halal income ratio–₹56.36k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹100.70k Cr—≥ 20%PASS
Receivables ratio–₹100.70k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E25.1528.10
Forward P/E18.37—
P/B6.143.10
EV/EBITDA12.9018.00
PEG—1.10
Earnings yield4.003.60
Growth & profitability
RevenuePAT
FY25PAT margin 6.40%
FY26PAT margin 6.60%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+8.60%
Revenue CAGR 5Y+3.10%
PAT CAGR 3Y+1.40%
PAT CAGR 5Y+3.70%
Operating margin19.65%
Net margin6.02%
Financial health & cash flow
Net debt₹63.94k CrModerate
Interest coverage2.30xEBIT / interest
CFO / PAT-1.36x3Y average
Net debt / EBITDA5.95xLeverage
Operating cash flow₹-489500.0 Lakh
Capital expenditure–
Free cash flow₹-489500.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall48/100
Valuation60/100
Profitability65/100
Financial health20/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 3.45x

Bull case

Market Leadership: Established operational scale in Farm & Heavy Construction Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
37.63%Institutional holding
10.79%Public holding
5Periods available
0.00%Promoter pledged
15.03LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
03 Jun 2026Dividend₹2.50 / share—03 Jun 2026
18 Nov 2025Dividend₹1.00 / share—18 Nov 2025
16 Jul 2025Bonus issue1:1 bonus ratio—16 Jul 2025
22 May 2025Dividend₹4.25 / share—22 May 2025
19 Nov 2024Dividend₹2.00 / share—19 Nov 2024
03 Apr 2024Dividend₹4.95 / share—03 Apr 2024
—Dividend₹2.60 / share—07 Jul 2023
—Dividend₹1.00 / share—14 Jul 2022
—Dividend₹0.60 / share—31 Aug 2021
—Annual General MeetingAnnual General Meeting—28 Aug 2020
20 Mar 2020Dividend₹0.50 / share—19 Mar 2020
—Dividend₹3.10 / share—23 Jul 2019
—Dividend₹2.43 / share—09 Jul 2018
—Dividend₹1.56 / share—11 Jul 2017
—Dividend₹0.95 / share—13 Jul 2016
—Dividend₹0.45 / share—17 Jun 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)49.65%-1.80% latest vs average
Highest delivery68.83%on 18 Sept
Average volume (20D)12.65MTrading-session average
Conviction trendWeakening-1.80% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L93.500.58%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Ashok Leyland Limited
Ashok Leyland Limited

Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries, it is one of the most fully-integrated manufacturing companies. Its headquarter is in Chennai [1] They manage driver training institutes across India and have trained over 8,00,000 drivers since inception. [1]

IndiaIndustrials

Questions investors ask
Is Ashok Leyland Limited Shariah compliant?

Ashok Leyland Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (73.1%) exceeds AAOIFI threshold (≤ 33%).

What is Ashok Leyland Limited's current valuation relative to peers?

Ashok Leyland Limited trades at a P/E of 25.2x compared to the sector median of 28.1x, and a Price-to-Book of 6.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 3.45x and a Net Debt to EBITDA ratio of 5.95x. Interest coverage is 2.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.1% while net profit growth averaged 3.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.