अशोक लीलैंड नई डीजल ट्रकों और आशावादी विकास दृष्टिकोण के साथ विस्तार के लिए तैयार

Auto

Published on 20th November 2025, 10:43 AM

Author

Simar Singh | Whalesbook News Team

Overview

अशोक लीलैंड भारी-भरकम डीजल ट्रकों की एक नई श्रृंखला लॉन्च करने जा रहा है, जो उद्योग के विकास के प्रति आशावाद का संकेत देता है। कंपनी, जिसके एमडी और सीईओ शेनू अग्रवाल हैं, बाजार की प्रतिक्रिया और नियामक अनुपालन को तेज करने के लिए अनुसंधान एवं विकास (R&D) को भी बढ़ा रही है। डीजल के अलावा, अशोक लीलैंड इलेक्ट्रिक ट्रक और बस की पेशकश का विस्तार कर रहा है, साथ ही सीएनजी, एलएनजी और हाइड्रोजन प्रौद्योगिकियों की भी खोज कर रहा है। बस बॉडी-बिल्डिंग क्षमता में महत्वपूर्ण उन्नयन भी चल रहा है, जिसका लक्ष्य उत्पादन को दोगुना करके सालाना 20,000 यूनिट से अधिक करना है। कंपनी वित्तीय वर्ष के शेष भाग के लिए वाणिज्यिक वाहन क्षेत्र में मजबूत वृद्धि की उम्मीद करती है।

Ashok Leyland Ltd

₹ 145-1.06%

21 Nov – close price

🔗ashokleyland.com•BSE: 500477•NSE: ASHOKLEY

Market Cap₹ 84,954 Cr.

Current Price₹ 145

High / Low₹ 153

Stock P/E24.9

Book Value₹ 19.6

Dividend Yield2.16 %

ROCE36.5 %

ROE31.4 %

Face Value₹ 1.00

Sales₹ 39,698 Cr.

OPM12.9 %

Mar Cap₹ 84,954 Cr.

ABOUT

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]

KEY POINTS

Market LeadershipThe company is India's 2nd largest manufacturer of commercial vehicles, the 4th largest manufacturer of buses globally, and the 9th largest manufacturer of trucks.[1]It had a market share of31% in the M&HCV bus and truck segmentand20% in the LCV segmentas of FY24.[2]

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Tata Motors	324.10	441.78	119473.88	0.00	-1021.00	40.83	16861.00	8.65	–	0.00	–	-0.08	933.00	–	–	0.57
2.	Ashok Leyland	144.69	24.91	84953.95	2.16	771.06	16.19	9588.18	9.34	36.48	39698.07	12.93	3410.82	800.64	7.37	13.00	0.12
3.	SML Mahindra	2765.30	28.27	4000.27	0.65	21.05	-3.44	555.11	0.98	27.12	2503.62	10.19	141.49	21.05	9.02	9.68	0.57
4.	Atul Auto	449.50	46.14	1246.60	0.00	8.27	69.50	200.17	10.20	6.48	759.08	7.94	27.02	9.17	2.75	2.74	0.32
–	Median: 4 Co.	386.8	37.2	44477.11	0.33	14.66	28.51	5071.65	9.0	27.12	1631.35	10.19	84.26	410.84	7.37	9.68	0.44

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	8,266	9,030	11,626	8,189	9,638	9,273	11,267	8,599	8,769	9,479	11,907	8,725	9,588
Expenses	7,729	8,232	10,350	7,369	8,558	8,159	9,675	7,688	7,752	8,267	10,116	7,755	8,426
Operating Profit	537	797	1,276	821	1,080	1,114	1,592	911	1,017	1,211	1,791	970	1,162
Other Income	28	39	95	51	25	29	48	22	215	25	92	53	95
Profit before tax	312	567	1,125	622	865	903	1,401	701	996	994	1,657	798	1,043
Tax %	36%	36%	33%	7%	35%	36%	36%	25%	23%	23%	25%	26%	26%
Net Profit	199	361	751	576	561	580	900	526	770	762	1,246	594	771
EPS in Rs	0.34	0.62	1.28	0.98	0.96	0.99	1.53	0.89	1.31	1.30	2.12	1.01	1.31

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	10,301	13,916	18,937	20,140	26,356	29,055	17,467	15,301	21,688	36,144	38,367	38,753	39,698
Expenses	10,184	12,890	16,487	17,938	23,393	25,973	16,294	14,766	20,694	33,213	33,760	33,822	34,564
Operating Profit	117	1,027	2,451	2,203	2,964	3,082	1,174	535	995	2,931	4,607	4,931	5,134
Other Income	622	225	-888	-199	168	106	-32	107	587	201	153	354	265
Interest	453	394	248	155	147	70	109	307	301	289	249	217	181
Depreciation	377	416	488	518	598	621	670	748	753	732	718	719	726
Profit before tax	-91	442	827	1,330	2,386	2,497	362	-412	528	2,110	3,792	4,348	4,491
Net Profit	29	335	390	1,223	1,718	1,983	240	-314	542	1,380	2,618	3,303	3,372
EPS in Rs	0.06	0.59	0.68	2.15	2.93	3.38	0.41	-0.53	0.92	2.35	4.46	5.62	5.74
Dividend Payout %	0%	38%	69%	36%	41%	46%	61%	-56%	54%	55%	56%	56%	–

Compounded Sales Growth

10 Years:11%

5 Years:17%

3 Years:21%

TTM:5%

Compounded Profit Growth

10 Years:29%

5 Years:58%

3 Years:405%

TTM:24%

Stock Price CAGR

10 Years:12%

5 Years:26%

3 Years:26%

1 Year:29%

Return on Equity

10 Years:18%

5 Years:17%

3 Years:27%

Last Year:31%

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	266	285	285	285	293	294	294	294	294	294	294	294	587
Reserves	4,182	4,834	5,123	5,841	6,953	8,039	6,970	6,684	7,043	8,132	8,517	11,225	10,942
Borrowings	4,690	3,350	2,415	2,145	1,226	632	3,322	3,759	3,554	3,225	2,299	1,482	1,344
Other Liabilities	3,670	4,843	4,952	5,769	8,865	9,260	5,804	7,714	9,443	10,941	12,502	12,525	10,493
Total Liabilities	12,808	13,311	12,774	14,040	17,336	18,224	16,390	18,450	20,334	22,592	23,612	25,526	23,367
Fixed Assets	5,660	5,256	4,792	4,971	5,548	5,615	6,804	7,050	6,601	6,304	5,952	5,845	6,019
Gross Block	8,672	8,555	5,279	5,858	6,930	7,594	9,620	10,558	10,764	11,168	11,462	11,909	–
Accumulated Depreciation	3,012	3,300	487	887	1,382	1,979	2,816	3,507	4,163	4,864	5,510	6,064	–
CWIP	182	120	76	206	423	658	594	372	194	133	202	425	857
Investments	2,790	2,649	1,980	2,879	5,607	2,636	2,720	3,069	4,820	6,664	5,560	8,673	7,778
Other Assets	4,177	5,287	5,925	5,985	5,759	9,316	6,272	7,959	8,719	9,491	11,899	10,583	8,713
Total Assets	12,808	13,311	12,774	14,040	17,336	18,224	16,390	18,450	20,334	22,592	23,612	25,526	23,367

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	556	1,777	1,683	2,155	5,643	-362	941	21	2,647	2,136	2,503	7,819
Cash from Investing Activity	-111	103	364	-1,477	-3,429	2,312	-2,176	-976	-1,459	-1,736	902	-4,078
Cash from Financing Activity	-449	-1,179	-1,211	-1,372	-2,091	-1,616	1,149	206	-724	-940	-1,917	-3,024
Net Cash Flow	-3	700	836	-694	123	334	-86	-749	464	-540	1,488	718

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	46	33	24	19	13	31	25	67	52	41	34	27
Inventory Days	57	51	45	69	35	47	37	69	45	36	42	39
Days Payable	106	104	71	81	97	89	77	165	150	94	82	97
Cash Conversion Cycle	-3	-20	-2	7	-49	-10	-16	-30	-52	-17	-7	-30
Working Capital Days	-52	-39	-25	-38	-69	-25	-61	-39	-40	-27	-39	-45
ROCE %	-2%	8%	23%	22%	30%	30%	6%	-1%	3%	20%	36%	36%

Shareholding Pattern
Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	51.53%	51.53%	51.53%	51.53%	51.53%	51.52%	51.52%	51.52%	51.52%	51.52%	51.52%	51.51%
FIIs	15.29%	14.85%	16.59%	20.21%	20.48%	21.45%	22.03%	24.39%	24.09%	23.50%	23.85%	24.32%
DIIs	21.16%	22.15%	20.79%	16.51%	14.66%	12.23%	14.12%	12.34%	13.04%	14.06%	13.88%	13.59%
Public	11.94%	11.40%	11.02%	11.66%	13.25%	14.72%	12.24%	11.66%	11.28%	10.84%	10.67%	10.51%