₹154.87
▼ -1.64 -1.05%
17 Jul 2026
NSE Listed
Ashok Leyland Ltd. (ASHOKLEY)
Volume: 1,17,79,297Avg Vol 1W: 1,77,89,509.6Avg Vol 1M: 3,06,89,436.152W Range:₹114.96₹215.42
Key Ratios
Checked 20h agoMarket Cap₹91,938 Cr
Current Price₹154.87
Previous Close₹156.51
High / Low (52w)₹215.42 / ₹114.96
Volume1,17,79,297
Avg Vol (1W)1,77,89,509.6
Avg Vol (1M)3,06,89,436.1
Stock P/E71.15
Book Value₹24.25
Dividend Yield2.3%
ROE31.9%
ROA4.6%
Revenue (TTM)₹48,894 Cr
Revenue Growth3.4%
Profit Margin6.9%
Total Debt₹36,383 Cr
Shares Outstanding587 Cr
Face Value₹1
EPS (TTM)₹2.2
P/B6.46
Debt / Equity4.27
50 DMA₹155.91
200 DMA₹166.87
Day change-1.05%
Price Chart
₹154.87▲ 24.29% · 1Y
2025-07-162026-07-15
20-day avg volume: 3.1Cr shares
Pros
- Healthy return on equity of 31.9%.
- Pays a dividend yield of 2.3%.
- Company is almost debt-free.
Cons
- Revenue fell 10% YoY.
- Stock trades at a high P/E of 71.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10,724 Cr | ₹11,148 Cr | ₹11,995 Cr | ₹14,696 Cr | ₹11,709 Cr | ₹12,577 Cr | ₹14,830 Cr | ₹17,246 Cr |
| EBITDA | ₹1,663 Cr | ₹1,910 Cr | ₹2,134 Cr | ₹2,773 Cr | ₹1,999 Cr | ₹2,308 Cr | ₹2,721 Cr | ₹3,165 Cr |
| Net Profit | ₹509 Cr | ₹706 Cr | ₹762 Cr | ₹1,130 Cr | ₹611 Cr | ₹756 Cr | ₹813 Cr | ₹1,291 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹29,835 Cr | ₹33,325 Cr | ₹22,059 Cr | ₹19,585 Cr | ₹26,324 Cr | ₹41,780 Cr | ₹45,931 Cr | ₹48,894 Cr |
| EBITDA | ₹3,802 Cr | ₹4,363 Cr | ₹2,591 Cr | ₹1,758 Cr | ₹1,986 Cr | ₹4,300 Cr | ₹7,156 Cr | ₹8,480 Cr |
| Net Profit | ₹1,760 Cr | ₹2,079 Cr | ₹337 Cr | ₹-165 Cr | ₹-359 Cr | ₹1,239 Cr | ₹2,484 Cr | ₹3,107 Cr |
| EPS | 6 | 7.08 | 1.15 | -0.56 | -1.22 | 4.21 | 8.46 | 10.58 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹33,518 Cr | ₹39,122 Cr | ₹38,127 Cr | ₹42,067 Cr | ₹43,601 Cr | ₹54,746 Cr | ₹67,660 Cr | ₹81,715 Cr |
| Total Liabilities | ₹25,272 Cr | ₹29,301 Cr | ₹29,231 Cr | ₹32,937 Cr | ₹35,011 Cr | ₹43,950 Cr | ₹55,846 Cr | ₹65,870 Cr |
| Equity | ₹8,246 Cr | ₹9,821 Cr | ₹8,896 Cr | ₹9,130 Cr | ₹8,590 Cr | ₹10,796 Cr | ₹11,815 Cr | ₹15,845 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹2,041 Cr | ₹-2,993 Cr | ₹604 Cr | ₹-1,102 Cr | ₹2,901 Cr | ₹-3,938 Cr | ₹-5,392 Cr | ₹1,279 Cr |
| Investing | ₹-3,166 Cr | ₹1,892 Cr | ₹-1,203 Cr | ₹-991 Cr | ₹-1,917 Cr | ₹-2,935 Cr | ₹1,135 Cr | ₹-5,758 Cr |
| Financing | ₹1,905 Cr | ₹2,398 Cr | ₹1,239 Cr | ₹1,331 Cr | ₹-378 Cr | ₹7,281 Cr | ₹8,432 Cr | ₹6,958 Cr |
| Free Cash Flow | ₹2,041 Cr | ₹-2,993 Cr | ₹604 Cr | ₹-1,102 Cr | ₹2,901 Cr | ₹-3,938 Cr | ₹-5,392 Cr | ₹1,279 Cr |
Shareholding
Promoter 51.51% Institutions 37.63% Public 10.85%
Efficiency & Working Capital
ROCE12.5%
Interest Coverage2.2
Dividend Payout—
Debtor Days29 d
Inventory Days34 d
Payable Days69 d
Cash Conversion Cycle-6 d
Working Capital Days63 d
Shareholding Details
As of 2026-03-31
Promoter51.5%
FII24.6%
DII13.1%
Institutions37.6%
Public10.9%
Promoter Pledge40.1%
No. of Shareholders15,02,640
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Jul 2025 | Jul 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.5% | 51.5% | 51.5% | 51.5% | 51.5% | 51.5% | 51.5% | 51.1% | 51.5% | 51.5% | 51.5% | 51.5% |
| FIIs | 20.5% | 21.4% | 22% | 24.4% | 24.1% | 23.5% | 23.9% | 23.8% | 24% | 24.3% | 24.4% | 24.6% |
| DIIs | 14.7% | 12.2% | 14.1% | 12.3% | 13% | 14.1% | 13.9% | 13.5% | 13.6% | 13.6% | 13.7% | 13.1% |
| Public | 13.3% | 14.8% | 12.3% | 11.7% | 11.4% | 10.9% | 10.8% | 9.1% | 10.8% | 10.6% | 10.4% | 10.9% |
| Promoter Pledge | 15% | 22.1% | 22.1% | 27.2% | 30.1% | 41.2% | 41.2% | 41.2% | 41.2% | 41.2% | 40.9% | 40.1% |
| No. of Shareholders | 13,39,744 | 14,91,397 | 14,75,874 | 14,59,212 | 14,56,048 | 14,44,998 | 13,92,221 | 14,12,491 | 14,12,491 | 14,50,991 | 14,43,916 | 15,02,640 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Hinduja Automotive Limited | Shareholding of Promoter and Promoter Group | 35% | 203.89 Cr |
| Jp Morgan Chase Bank, Na | Shareholding of Promoter and Promoter Group | 11.3% | 65.84 Cr |
| Hinduja Bank (switzerland) Ltd (beneficiary - Hinduja Automotive Limited) | Shareholding of Promoter and Promoter Group | 5% | 28.98 Cr |
| Government Pension Fund Global | Public Shareholding | 1.6% | 9.16 Cr |
| Government Of Singapore | Public Shareholding | 1.6% | 9.16 Cr |
| Sbi Mutual Fund (under Different Sub Accounts) | Public Shareholding | 1.5% | 8.74 Cr |
| T. Rowe Price Emerging Markets Discovery Stock Trust | Public Shareholding | 1.3% | 7.48 Cr |
| Sbi Life Insurance Co. Ltd | Public Shareholding | 1.3% | 7.43 Cr |
| Kotak Mahindra Trustee Co Ltd (under Different Sub Accounts) | Public Shareholding | 1.2% | 6.73 Cr |
| Life Insurance Corporation Of India (under Different Sub Accounts) | Public Shareholding | 1% | 5.98 Cr |
| Hinduja Foundries Holding Limited | Shareholding of Promoter and Promoter Group | 0.2% | 1.43 Cr |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Hinduja Automotive Limited | 120.35 Cr | 59% | 2026-03-31 |
| Hinduja Foundries Holding Limited | 0 | 0% | 2026-03-31 |
| Hinduja Bank (switzerland) Ltd (beneficiary - Hinduja Automotive Limited) | 0 | 0% | 2026-03-31 |
| Jp Morgan Chase Bank, Na | 0 | 0% | 2026-03-31 |
| Sbi Mutual Fund (under Different Sub Accounts) | 0 | 0% | 2026-03-31 |
| Kotak Mahindra Trustee Co Ltd (under Different Sub Accounts) | 0 | 0% | 2026-03-31 |
| Sbi Life Insurance Co. Ltd | 0 | 0% | 2026-03-31 |
| Life Insurance Corporation Of India (under Different Sub Accounts) | 0 | 0% | 2026-03-31 |
| T. Rowe Price Emerging Markets Discovery Stock Trust | 0 | 0% | 2026-03-31 |
| Government Pension Fund Global | 0 | 0% | 2026-03-31 |
| Government Of Singapore | 0 | 0% | 2026-03-31 |
| Hinduja Automotive Limited | 122.85 Cr | 60.3% | 2025-12-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| D G Hinduja | Executive Chairman | 2025 |
| Sanjay K Asher | Non Executive & Independent Director | 2025 |
| N Ramanathan | Company Sec. & Compli. Officer | 2025 |
| Manisha Girotra | Non Executive & Independent Director | 2025 |
| Gopal Mahadevan | Whole Time Director & Chief Financial Officer | 2025 |
| Saugata Gupta | Non Executive & Independent Director | 2025 |
| Shom Hinduja | Non-Executive & Non-Independent Director | 2025 |
| Shenu Agarwal | Managing Director & Chief Executive Officer | 2025 |
| V Sumantran | Non Executive & Independent Director | 2025 |
| Thomas Dauner | Non Executive & Independent Director | 2025 |
| Sven Christoph Ennerst | Independent Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| commercial vehicles and related com | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| In India | ₹36,571 Cr | 94.5% |
| Outside India | ₹2,131 Cr | 5.5% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹1 | 2,786 | 294 | 294 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2026-06-03 | ₹2.5 (250.0%) | Interim 2 |
| dividend | 2026-06-03 | ₹2.5 (250%) | Interim 2 |
| dividend | 2025-11-18 | ₹1 (100%) | Interim |
| bonus | 2025-07-16 | 1:1 | 1:1 Bonus Issue of Equity Shares |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 5,955 | 337 | 488 | 69 | 276 | 8,163 |
| 2025 | 2,940 | 0 | 13 | 0 | 0 | 2,953 |
| 2025 | 1,637 | 71 | 246 | 69 | 276 | 3,337 |
Insider / Designated-Person Trades
3 recent disclosure(s)
Hinduja Automotive Limited RevisedRevoke · 2,35,00,000
Hinduja Automotive Limited RevisedRevoke · 2,42,00,000
Hinduja Automotive LimitedPledge · 6,00,00,000
Substantial Acquisitions (SAST)
6 disclosure(s)
Release of Shares27/03/2026 · —
Creation Of Encumbrance27/03/2026 · —
Creation Of Encumbrance27/03/2025 · —
Release Of Encumbrances26/03/2025 · —
Creation Of Encumbrance25/03/2025 · —
Creation Of Pledge20/03/2024 · —
Company Information
Incorporated1948
ChairmanD G Hinduja
AuditorPrice Waterhouse & Co Chartered Accountants LLP
Investor Email[email protected]; reachus@ashokleyland
📍 No 1 Sardar Patel Road, Guindy, Chennai, Tamil Nadu, 600032
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