Ashok Leyland Ltd.

NSE: ASHOKLEY  SECTOR: Automobiles-Trucks/Lcv

92.1
+3.2 (3.6%)

Price Summary

Today's High

₹ 92.9

Today's Low

₹ 89.05

52 Week High

₹ 97.8

52 Week Low

₹ 33.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

27036.20621196 Cr.

Enterprise Value

28995.09621196 Cr.

No. of Shares

293.5527276 Cr.

P/E

0

P/B

4.01

Face Value

₹ 1

Div. Yield

0.54%

Book Value (TTM)

₹  22.958

CASH

1322.47 Cr.

DEBT

3281.36 Cr.

Promoter Holding

51.54%

EPS (TTM)

₹  -1.9248

Sales Growth

-39.8812594755799%

ROE

3.07745678108197 %

ROCE

4.83205143581748 %

Profit Growth

1.33924902080835 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-39.88%
3 Year-4.63%
5 Year5.19%

Profit Growth (in Cr.)

1 Year-87.92%
3 Year-41.93%
5 Year-6.48%

ROE%

1 Year3.08%
3 Year18.17%
5 Year16.79%

ROCE %

1 Year4.83%
3 Year21.51%
5 Year19.41%

Debt/Equity

0.453176444591758

Price to Cash Flow

28.73

Interest Cover Ratio

4.30671539515761

CFO/PAT (5 Yr. Avg.)

2.62262649543406

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 51.54 9.26
Dec 2019 51.12 9.26
Sep 2019 51.12 9.26
Jun 2019 51.12 9.26
Mar 2019 51.12 6.66
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.544219059847171.
  • The company has an efficient Cash Conversion Cycle of -15.3204183531489 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.62262649543406.

 Limitations

  • The company has shown a poor profit growth of -41.9285543618391% for the Past 3 years.
  • The company has shown a poor revenue growth of -4.63495054659709% for the Past 3 years.
  • The company is trading at a high PE of 0.
  • The company is trading at a high EV/EBITDA of 111.713.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 3929.5 4015.65 3838.46 650.87 2836.58
Total Expenditure 3700.92 3790.5 3655.51 984.11 2756.15
Operating Profit 228.58 225.15 182.95 -333.24 80.43
Other Income 45.5 22.33 34.44 25.62 21.87
Interest 30.12 33.68 33.1 76.84 87.24
Depreciation 160.04 157.46 187.66 163.67 171.16
Exceptional Items -64.81 -2.17 -68.73 -1.67 -1.7
Profit Before Tax 19.11 54.17 -72.1 -549.8 -157.8
Tax -19.76 26.42 -14.78 -161 -11.13
Profit After Tax 38.87 27.75 -57.32 -388.8 -146.67
Adjusted EPS (Rs) 0.01 0.01 -0.02 -0.13 -0.05

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 18937.3 20140.13 26356.4 29054.95 17467.47
Total Expenditure 16692.2 17937.59 23392.88 25962.7 16293.82
Operating Profit 2245.1 2202.54 2963.52 3092.25 1173.65
Other Income 132.2 151.67 193.37 150.8 123.35
Interest 247.64 155.38 147.28 70.38 109.45
Depreciation 487.9 517.89 598.48 621.01 669.8
Exceptional Items -815.22 -350.85 -25.3 -54.86 -155.83
Profit Before Tax 826.54 1330.09 2385.83 2496.8 361.92
Tax 436.94 107.01 668.1 513.6 122.4
Net Profit 389.6 1223.08 1717.73 1983.2 239.52
Adjusted EPS (Rs.) 1.37 4.3 5.87 6.76 0.82

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 284.59 284.59 292.71 293.55 293.55
Total Reserves 5122.56 5841.48 6952.83 8038.88 6970.44
Borrowings 1821.04 1146.32 512.55 298.4 1353.86
Other N/C liabilities 655.38 345.94 758.8 804.61 772.83
Current liabilities 4890.18 6421.75 8819.5 8788.96 6998.93
Total Liabilities 12773.75 14040.07 17336.39 18224.4 16389.61
Assets
Net Block 4791.99 4970.81 5547.97 5614.51 6803.57
Capital WIP 54.75 157.6 234.33 274.64 420.97
Investments 1980.44 2001.68 2451.51 2636.5 2719.63
Loans & Advances 501.43 499.17 585.96 844.39 795.11
Other N/C Assets 264.2 310.69 453.15 668.02 226.84
Current Assets 5180.95 6100.12 8063.47 8186.34 5423.49
Total Assets 12773.75 14040.07 17336.39 18224.4 16389.61
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 826.54 1330.09 2385.83 2496.8 361.92
Adjustment 1476.78 995.37 715.44 664.97 848.86
Working Capital Changes -179.46 176.93 2968.85 -2963.79 -175.61
Tax Paid -440.88 -347.62 -426.75 -560.33 -94.11
Operating Cash Flow 1682.98 2154.77 5643.37 -362.35 941.06
Investing Cash Flow 361.84 -1476.82 -3429.22 2311.49 -2177.45
Financing Cash Flow -1210.67 -1371.85 -2090.93 -1616.16 1148.98
Net Cash Flow 834.15 -693.9 123.22 332.98 -87.41

Corporate Actions

Company Presentations

Company News

Ashok Leyland Stock Price Analysis and Quick Research Report. Is Ashok Leyland an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Ashok Leyland is performing and if it is the right time to buy the stock of Ashok Leyland with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Ashok Leyland has reported poor sales growth of -39.8812594755799 % and in the latest quarter sales was Rs 2836.58 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.11861053823034 times for Ashok Leyland . It is managing its inventory poorly . 
     
  • The company reported Profit loss of -87.9225494150867 % over the year, where the latest year profit is Rs 239.52 Cr compared to the previous year of Rs 1983.2 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 102.3 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Ashok Leyland has a poor ROE of 3.07745678108197 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Ashok Leyland has a low Debt to Equity ratio of 0.453176444591758.
     
  • Ashok Leyland pays a dividend of 0.5 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.5429 %.
     
  • The share of promoter in the company is high at 51.54 %, where the pledging is 9.26 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Ashok Leyland is 0 compared to the 5 year average PE of 38.000014295294 .
Brief about Ashok Leyland

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