Ashok Leyland Ltd.

SECTOR: Automobiles-Trucks/Lcv

45.75
₹ -1.4 (-2.97%)
Today's High: 47.4 Today's Low : 45.25
52 Week High: 93.30 52 Week Low : 33.70
 FinStar
FinStar Indicates the overall health and quality of a stock based on Finology Research.
Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

 Company Essentials

Market Cap

13430.0372877 Cr.

P/E

14.14

P/B

1.79

Face Value

₹1

Div. Yield

6.72%

Book Value (TTM)

25.5846

Enterprise Value

12688.8072877 Cr.

CASH

1373.59 Cr.

DEBT

632.36 Cr.

Promoter Holding

51.54%

EPS (TTM)

3.2356

Sales Growth

10.24 %

ROE

25.59 %

ROCE

29.45 %

Profit Growth

15.45 %

No. of Shares

293.5527276 Cr.

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

 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

1 Year10.24%
3 Year15.34%
5 Year23.92%

 Profit Growth

1 Year15.42%
3 Year72.02%
5 Year132.2%

 ROE

1 Year25.59%
3 Year24.23%
5 Year17.99%

 ROCE

1 Year29.45%
3 Year26.06%
5 Year20.62%

 Debt Equity

0.08

 Price to Cash Flow

-37.06

  Interest Cover Ratio

36.48

 CFO/PAT (5 Yr Avg.)

2.89804779815817

 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

  • The company has shown a good profit growth of 72.0156346089935% for the Past 3 years.
  • The company has shown a good revenue growth of 15.3365581597033% for the Past 3 years.
  • The company has significantly decreased its debt by 5939.2 Cr.
  • Company has been maintaining healthy ROE of 24.23% over the past 3 years.
  • Company has been maintaining healthy ROCE of 26.0566666666667% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 36.48.
  • Company’s PEG ratio is 0.935156895411562.
  • The company has an efficient Cash Conversion Cycle of -19.34 days.

 Limitations

  • Company has negative cash flow from operations of -3623.5.

 Quarterly Result (All Figures are in Crores.)

Particulars Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Net Sales 6325.24 8845.93 5683.86 3929.5 4015.65
Other Income 20.8 9.11 21.08 45.5 22.33
Total Expenditure 5676.55 7860.49 5146.89 3700.92 3790.5
Operating Profit 669.49 994.55 558.05 274.08 247.48
Interest 19.17 16.61 12.55 30.12 33.68
Depreciation 160.66 159.76 164.64 160.04 157.46
Exceptional Items -6.09 -11.71 -20.12 -64.81 -2.17
Profit Before Tax 483.57 806.47 360.74 19.11 54.17
Tax 102.73 153.48 130.52 -19.76 26.42
Profit After Tax 380.84 652.99 230.22 38.87 27.75

 Profit & Loss (All Figures are in Crores except Adjusted EPS in Rs.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Net Sales 13562.18 18937.3 20140.13 26356 29055
Other Income 124.47 132.2 151.67 193 151
Total Expenditure 12535.55 16692.2 17937.59 23393 25963
Operating Profit 1151.11 2377.3 2354.2 3157 3243
Interest 393.51 247.64 155.38 147 70
Depreciation 416.34 487.9 517.89 598 621
Exceptional Items 100.94 -815.22 -350.85 -25 -55
Profit Before Tax 442.2 826.54 1330.09 2386 2497
Tax 107.39 436.94 107.01 668 514
Net Profit 334.81 389.6 1223.08 1718 1983
Adjusted EPS 1 1 4 6 7

 Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 284.59 284.59 284.59 292.71 293.55
Total Reserves 4834.11 5122.56 5841.48 6952.83 8038.88
Borrowings 2566.34 1821.04 1146.32 512.55 298.4
Other N/C liabilities 609.25 655.38 345.94 758.8 804.61
Current liabilities 5017.22 4890.18 6421.75 8819.5 8788.96
Total Liabilities 13311.49 12773.75 14040.07 17336.39 18224.4
Assets
Net Block 5255.55 4791.99 4970.81 5547.97 5614.51
Capital WIP 69.8 54.75 157.6 234.33 274.64
Investments 2240.38 1980.44 2001.68 2451.51 2636.5
Loans & Advances 864.22 501.43 499.17 585.96 844.39
Other N/C Assets 188.54 264.2 310.7 453.15 668.02
Current Assets 4693 5180.95 6100.12 8063.47 8186.34
Total Assets 13311.49 12773.75 14040.07 17336.39 18224.4
* Other Non-current Liabilities include Net deferred Liabilities

 Cash Flows (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Profit Before Tax 442.2 826.54 1330.09 2385.83 2496.8
Adjustment 679.79 1476.78 995.37 715.44 664.97
Working Capital Changes 704.91 -179.46 176.93 2968.85 -2963.79
Tax Paid -50.19 -440.88 -347.62 -426.75 -560.33
Operating Cash Flow 1776.7 1682.98 2154.77 5643.37 -362.35
Investing Cash Flow 101.54 361.84 -1476.82 -3429.22 2311.49
Financing Cash Flow -1179.17 -1210.67 -1371.85 -2090.93 -1616.16
Net Cash Flow 699.08 834.15 -693.9 123.22 332.98

 Corporate Actions

 Ratings & Research Reports

 Company Presentations

 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 decent sales growth of 10.24 % and in the latest quarter sales was Rs 401.565 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 13.2540580688724 times for Ashok Leyland . It is managing its inventory poorly . 
     
  • The company reported Profit growth of 15.45 % over the year, where the latest year profit is Rs 1983.2 Cr compared to the previous year of Rs 17.1773 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 24.748 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Ashok Leyland has a healthy ROE of 25.5862934257082 %. 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 0.0759564219907991.
     
  • Ashok Leyland pays a dividend of 3.1 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is high at 6.7245 %.
     
  • 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 13.5140757361839 compared to the 5 year average PE of 39.95 .
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