ASHOKLEY · NSE
Ashok Leyland Limited
₹163
+2.76% (+₹4.38)
Prev. close
₹158.62
Volume
1,75,46,400
Delivery %
68.8%
As of
18 Sept 2026
Price history
Nagaraj Shetti · HDFC Securities · 27 Aug 2026
“Bullish on Ashok Leyland, recommending a buy at ₹179.30 with a target of ₹190 and a stop loss at ₹174, for a 1-2 week timeframe. The stock has shown consistent upward movement with higher highs and lows, and current patterns indicate a possible upside breakout from consolidation, supported by positive volume and RSI.”
Entry ₹179.3Target ₹190 (+6.0%)Stop ₹174 (-3.0%)R:R 2.0:1Stopped out · 31 Aug 2026
Published mid-session at 11:46 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Ashok Leyland, recommending a buy at ₹179.30 with a target of ₹190 and a stop loss at ₹174, for a 1-2 week ti…” | Nagaraj ShettiHDFC Securities | Ashok Leyland | NOT GRADED | ||||
“Bullish on Ashok Leyland, recommending a buy at ₹179.30 with a target of ₹190 and a stop loss at ₹174, for a 1-2 week timeframe. The stock has shown consistent upward movement with higher highs and lows, and current patterns indicate a possible upside breakout from consolidation, supported by positive volume and RSI.” This call couldn't be objectively graded against market data. | |||||||
Fundamentals
About Ashok Leyland Limited
Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India. It operates in Commercial Vehicle and Financial Service segments. The company offers ICV trucks, haulage vehicles, tractors, and tippers; buses; light commercial vehicle goods carriers and passenger vehicles, and small commercial vehicle goods carriers; defense vehicles, such as armored, high mobility, specialist, and logistics vehicles; transit mixers for use in construction and mining operations; and tanker trucks, reefers, ambulances, and other custom-built vehicles. It also provides power solutions, such as diesel gensets, agriculture and industrial non-emission and emission engines, and marine genset and propulsion engines; spare parts; forgings and castings; manpower supply, air chartering, and IT services; and vehicle and housing financing services. In addition, the company trades in commercial vehicles; and operates retail parts stores. Further, it provides at-site and e-commerce service support; AL Revive Program, which restores accident vehicles; technical and driving training; AL Care, a one-stop solution designed to take care of service needs; iAlert, a telematics solution for vehicle and fuel platforms; uptime solution centers; AL Live, which provides live location tracking of mobile service vans; Re-AL, a vehicle buying, selling, and exchange platform; and LeyKart app. The company serves various customer categories, including commercial fleet operators, retail customers, government, industrial customers, defense and military customers, and special application vehicle customers through its distributors. It also exports its products to the Middle East, Africa, South Asia, Latin America, and the Commonwealth of Independent States countries. Ashok Leyland Limited was incorporated in 1948 and is headquartered in Chennai, India. Ashok Leyland Limited operates as a subsidiary of Hinduja Automotive Limited.
Details
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
CEO
Mr. Shenu Agarwal
Headquarters
Chennai
Employees
9,891
Website
ashokleyland.comExchange
View on NSE ↗Key stats
Market cap
₹93,171.08 Cr
P/E ratio (TTM)
26.8
Dividend yield
2.24%
EPS (TTM)
₹5.92
Beta (1Y · daily vs NIFTY 50)
1.88
Beta (5Y · monthly vs NIFTY 50)
0.79
Shares float
337.08 Cr
EPS · quarter ended Jun 2026
₹1.05
Upcoming earnings
19 Nov 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹19,454.10 Cr | ₹26,237.15 Cr | ₹41,672.60 Cr | ₹45,790.64 Cr | ₹48,535.14 Cr | ₹56,362.08 Cr | |
| EBITDA | ₹2,669.68 Cr | ₹2,527.90 Cr | ₹5,251.56 Cr | ₹7,999.23 Cr | ₹9,581.61 Cr | ₹10,997.00 Cr |
| ₹-165.23 Cr | ₹-358.61 Cr | ₹1,240.81 Cr | ₹2,483.52 Cr | ₹3,106.80 Cr | ₹3,471.03 Cr | |
| Diluted EPS | ₹-0.28 | ₹-0.61 | ₹2.11 | ₹4.23 | ₹5.28 | ₹5.91 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹42,058.00 Cr | ₹43,574.00 Cr | ₹54,679.00 Cr | ₹67,595.00 Cr | ₹81,546.00 Cr | ₹1.01 L Cr | |
| — | ₹24,145.02 Cr | ₹31,160.93 Cr | ₹40,802.18 Cr | ₹49,962.11 Cr | ₹63,935.70 Cr | |
| Stockholders' equity | ₹7,862.00 Cr | ₹7,304.00 Cr | ₹8,554.00 Cr | ₹9,005.00 Cr | ₹12,232.00 Cr | ₹14,241.00 Cr |
Total debt, Long-term debt, Current (short-term) debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹-1,065.00 Cr | ₹2,845.00 Cr | ₹-4,499.00 Cr | ₹-6,258.00 Cr | ₹128.00 Cr | ₹-4,895.00 Cr | |
| Investing cash flow | ₹-981.73 Cr | ₹-1,916.67 Cr | ₹-2,934.96 Cr | ₹1,135.38 Cr | ₹-5,758.27 Cr | ₹-7,015.79 Cr |
| ₹1,331.00 Cr | ₹-378.00 Cr | ₹7,281.00 Cr | ₹8,432.00 Cr | ₹6,958.00 Cr | ₹11,617.00 Cr | |
| Capital expenditure | ₹-752.00 Cr | ₹-509.00 Cr | ₹-929.00 Cr | ₹-1,134.00 Cr | ₹-1,648.00 Cr | ₹-2,945.00 Cr |
| End cash position | ₹1,481.04 Cr | ₹2,030.96 Cr | ₹1,908.58 Cr | ₹5,217.32 Cr | ₹6,544.77 Cr | ₹6,280.89 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Sep 22(5Q) | Dec 22–Dec 23(5Q) | Mar 24–Jul 25(7Q) | Sep 25–Jun 26(4Q) |
|---|---|---|---|---|
| Promoter | 51.54% | 51.53% | 51.52% | 51.51% |
| Public | 48.46% | 48.47% | 48.48% | 48.49% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Ashok Leyland Limited | ₹93,171.08 Cr | ₹163 | 26.8 | 6.54 | 24.4% | 4.49 | +16.0% | +17.5% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
57 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
ICICI Bank, Ashok Leyland, Oberoi Realty, SBI shares: Rate-sensitives slide as 25 bps Oct rate hike bets rise
Business Today · 4 days ago
Auto sector stocks today, September 15: Ather Energy falls 4.08%, Ashok Leyland down 3%, SML Mahindra 3.87%
Ashok Leyland shares declined 2.99% to ₹159.05, contributing to a broader downturn in the auto sector. Ather Energy also fell 4.08%, while SML Mahindra dropped 3.87%. Conversely, Tata Motors Passenger Vehicles and Zelio E-Mobility recorded gains.