Ashok Leyland

Ashok Leyland Ltd.

NSE: ASHOKLEY BSE: 500477 SECTOR: Automobiles-Trucks/Lcv  329k   3k   1k

136.50
+1.90 (1.41%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 136.7

Today's Low

₹ 134.05

52 Week High

₹ 169.4

52 Week Low

₹ 113

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 40078.14 Cr.

Enterprise Value

₹ 42538.28 Cr.

No. of Shares

293.61 Cr.

P/E

26.19

P/B

5.22

Face Value

₹ 1

Div. Yield

0.73 %

Book Value (TTM)

₹  26.17

CASH

₹ 1046.96 Cr.

DEBT

₹ 3507.1 Cr.

Promoter Holding

51.53 %

EPS (TTM)

₹  5.21

Sales Growth

41.74%

ROE

7.61 %

ROCE

7.69%

Profit Growth

272.73 %

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* 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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Brands

These are the brands of Ashok Leyland Ltd.

ecomet BOSS 12M FE CHEETAH Oyster Wide SUNSHINE Viking diesel DOST PARTNER STiLE MiTR MBPV PPC STALLION BMP

Index Presence

The company is present in 34 Indices.

LIX 15 MIDCAP

Nifty Midcap Liquid 15
7223.75
  142.1 (2.006594508342%)

MIDCAP50

Nifty Midcap 50
8373.5
  142.4 (1.73002393361761%)

NIFTY200

Nifty 200
8875.6
  73.5500000000011 (0.835600797541503%)

NIFTY500

Nifty 500
14345.6
  133.800000000001 (0.941471171843133%)

NIFTY500VAL50

NIFTY500 Value 50
6847.87
  113.36 (1.68327020080155%)

NIFTYAUTO

Nifty Auto
12121.3
  203.349999999999 (1.70624981645333%)

NIFTYHIGHBETA

Nifty High Beta 50
2030.91
  44.53 (2.2417664293841%)

NIFTYINFRAST

Nifty Infrastructure
5013.55
  32.1000000000004 (0.644390689457897%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
9500.9
  113.4 (1.20798934753661%)

NIFTYMFG

Nifty Manufacturing
7862.6
  84.4000000000005 (1.08508395258544%)

NIFTYMIDCAP

NIFTY Midcap 100
29775.55
  450.799999999999 (1.53726800739988%)

NIFTYMIDCAP150

Nifty Midcap 150
11250.7
  185.050000000001 (1.67229218346867%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
10313.8
  170.65 (1.68241621192626%)

NIFTYMNC

Nifty MNC
18941
  215.299999999999 (1.14975675141651%)

NIFTYMIDSELECT

Nifty Midcap Select
6739.5
  117.15 (1.76900949058869%)

NIFTYTOTALMCAP

Nifty Total Market index
7984.8
  76.6999999999998 (0.969891630100772%)

NIFTYMOBILITY

Nifty Mobility Index
10105.25
  179.040000000001 (1.80370957293872%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
9335.95
  111.550000000001 (1.20929274532762%)

NIFTYTRANSLOG

Nifty Transportation & Logistics index
11412.06
  211.26 (1.88611527748017%)

BSE100

S&P Bse 100
17320.33
  140.790000000001 (0.81952136087462%)

BSE200

S&P Bse 200
7279.41
  63.0299999999997 (0.873429614294152%)

BSE500

S&P Bse 500
22822.89
  214.5 (0.948762826543592%)

AUTO

S&P Bse Auto
27974.38
  479.040000000001 (1.74225887004853%)

MIDCAP

S&P Bse Mid Cap
23837.68
  390.939999999999 (1.66735332929011%)

CARBONEX

S&P Bse Carbonex
2825.38
  23.8900000000003 (0.852760495307869%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
6841.84
  60.3800000000001 (0.890368740654668%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
6741.31
  110.990000000001 (1.67397651998697%)

INDSTR

S&P Bse Industrials
6944.09
  113.3 (1.65866612792958%)

ALLCAP

S&P Bse Allcap
6549.12
  64.6599999999999 (0.997153193943667%)

MIDSEL

S&P Bse MidCap Select Index
8828.68
  127.16 (1.46135387840285%)

SNXT50

S&P Bse Sensex Next 50
45495.31
  530.290000000001 (1.17933896170845%)

MID150

S&P Bse 150 MidCap
8495.33
  143.41 (1.71709020201343%)

LMI250

S&P Bse 250 LargeMidCap
6882.97
  61.0100000000002 (0.8943177620508%)

MSL400

S&P Bse 400 MidSmallCap
6388.55
  106.88 (1.70145837014679%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year41.74%
3 Year-9.29%
5 Year1.49%

Profit Growth

1 Year272.73%
3 Year-35.11%
5 Year-15.03%

ROE%

1 Year7.61%
3 Year2.09%
5 Year11.55%

ROCE %

1 Year7.69%
3 Year3.84%
5 Year14.25%

Debt/Equity

0.4805

Price to Cash Flow

15.14

Interest Cover Ratio

2.75221679784796

CFO/PAT (5 Yr. Avg.)

2.13264405315933

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 51.53 19.04
Sep 2022 51.54 19.04
Jun 2022 51.54 19.04
Mar 2022 51.54 17.84
Dec 2021 51.54 17.4
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.096040479353091.
  • The company has an efficient Cash Conversion Cycle of -47.0467746966755 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.13264405315933.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.0642725908141.

 Limitations

  • The company has shown a poor profit growth of -35.1118322417471% for the Past 3 years.
  • The company has shown a poor revenue growth of -9.28723744569182% for the Past 3 years.
  • Company has a poor ROE of 2.08835612670738% over the past 3 years.
  • Company has a poor ROCE of 3.8446339959771% over the past 3 years
  • Tax rate is low at -2.69517257064877.
  • The company is trading at a high PE of 26.19.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 5535.16 8744.29 7222.85 8265.95 9029.67
Total Expenditure 5311.27 7968.25 6902.57 7728.61 8232.33
Operating Profit 223.89 776.04 320.28 537.34 797.34
Other Income 17.64 24.16 25.64 19.99 31.59
Interest 66.83 76.46 68.88 77.05 80.4
Depreciation 189.65 195.35 182.4 176.79 188.95
Exceptional Items 42.02 470.26 13.01 8.23 6.94
Profit Before Tax 27.07 998.65 107.65 311.72 566.52
Tax 21.31 97.28 39.6 112.41 205.18
Profit After Tax 5.76 901.37 68.05 199.31 361.34
Adjusted EPS (Rs) 0.02 3.07 0.23 0.68 1.23

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 26356.4 29054.95 17467.47 15301.45 21688.29
Total Expenditure 23396.09 25965.33 16293.82 14774.77 20705.8
Operating Profit 2960.31 3089.62 1173.65 526.68 982.49
Other Income 196.58 153.43 123.35 127.96 88.16
Interest 147.28 70.38 109.45 306.79 301.11
Depreciation 598.48 621.01 669.8 747.71 752.76
Exceptional Items -25.3 -54.86 -155.83 -12.05 510.83
Profit Before Tax 2385.83 2496.8 361.92 -411.91 527.61
Tax 668.1 513.6 122.4 -98.23 -14.22
Net Profit 1717.73 1983.2 239.52 -313.68 541.83
Adjusted EPS (Rs.) 5.87 6.76 0.82 -1.07 1.85

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 292.71 293.55 293.55 293.55 293.55
Total Reserves 6952.83 8038.88 6970.44 6683.65 7043.35
Borrowings 512.55 298.4 1353.86 2558.01 2850.61
Other N/C liabilities 758.8 804.61 772.83 640.86 598.98
Current liabilities 8819.5 8788.96 6998.93 8273.84 9547.29
Total Liabilities 17336.39 18224.4 16389.61 18449.91 20333.78
Assets
Net Block 5547.97 5614.51 6803.57 7050.39 6600.9
Capital WIP 234.33 274.64 420.97 228.78 111.11
Intangible WIP 188.31 382.98 173.17 143.07 83.16
Investments 2451.51 2636.5 2719.63 3068.72 3521.58
Loans & Advances 585.96 844.39 795.11 471.51 454.36
Other N/C Assets 264.84 285.04 53.67 35.91 40.86
Current Assets 8063.47 8186.34 5423.49 7451.53 9521.81
Total Assets 17336.39 18224.4 16389.61 18449.91 20333.78
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 2385.83 2496.8 361.92 -411.91 527.61
Adjustment 715.44 664.97 848.86 960.99 478.28
Changes in Assets & Liabilities 2968.85 -2963.79 -175.61 -605.83 1569.62
Tax Paid -426.75 -560.33 -94.11 77.88 71.42
Operating Cash Flow 5643.37 -362.35 941.06 21.13 2646.93
Investing Cash Flow -3429.05 2312.02 -2175.98 -976.01 -1459.05
Financing Cash Flow -2090.93 -1616.16 1148.98 205.97 -723.76
Net Cash Flow 123.39 333.51 -85.94 -748.91 464.12

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 51.54 51.54 51.54 51.54 51.53
hinduja automotive... 34.73 34.73 34.73 34.73 34.73
amas bank (switzer... - - - - -
hinduja bank (swit... 16.15 16.15 16.15 4.94 4.94
citibank n a - new... - - - 11.21 11.21
hinduja foundries ... 0.24 0.24 0.24 0.24 0.24
hinduja founries h... - - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 48.46 48.46 48.46 48.46 48.47
reliance capital t... - 1.98 3.08 - 4.38
reliance capital t... - - - 3.86 -
life insurance cor... 1.36 1.36 1.36 1.36 1.36
government pension... 1.63 1.63 1.47 1.92 2.05
schroder internati... - - - 1.24 1.24
icici prudential l... - 1.72 1.72 1.35 -
kuwait investment ... 1.72 1.55 1.70 - -
icici prudential l... 1.50 - - - -
government of sing... - - - 1.08 1.14
dsp blcak rock fun... - - - - -
reliance capital t... 1.23 - - - -
government of sing... - - - - -
motilal oswal fund... - - - - -
platinum asia fund - - - - 1.10
dsp black rock fun... - - - - -
motilal oswal mutu... - 1.01 - - -
amansa holdings pr... - - - - -
iepf 0.08 0.08 0.08 0.17 0.17
others 0.14 - - - -
iepf authority mca - - - - -
llp 0.03 - 0.03 0.03 0.03
limited liability ... - - - - -
corporate body for... - 0.01 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Ashok Leyland unveils new production line to produce engines at Hosur facility 13 Mar 2023, 11:27AM Ashok Leyland informs about loss of share certificate4 Mar 2023, 12:14PM Ashok Leyland reports 27% growth in February sales1 Mar 2023, 2:37PM Ashok Leyland informs about loss of share certificate 25 Feb 2023, 10:45AM Ashok Leyland informs about investors conference 21 Feb 2023, 10:35AM Ashok Leyland informs about loss of share certificate 18 Feb 2023, 11:03AM Ashok Leyland informs about loss of share certificate 15 Feb 2023, 12:25PM Ashok Leyland informs about investors meet 15 Feb 2023, 11:55AM Ashok Leyland informs about loss of share certificate 13 Feb 2023, 4:49PM Ashok Leyland informs about loss of share certificate 8 Feb 2023, 4:20PM Ashok Leyland, RIL unveil India’s first H2-ICE powered Heavy Duty truck6 Feb 2023, 2:52PM Ashok Leyland reports consolidated net profit of Rs 351 crore in Q3 2 Feb 2023, 11:00AM Ashok Leyland reports 23% growth in January sales2 Feb 2023, 9:35AM Ashok Leyland - Quaterly Results1 Feb 2023, 7:59PM Ashok Leyland - Quaterly Results1 Feb 2023, 7:59PM Ashok Leyland informs about conference call1 Feb 2023, 12:10PM Ashok Leyland informs about loss of share certificate 23 Jan 2023, 12:36PM Ashok Leyland informs about press release 19 Jan 2023, 4:29PM Ashok Leyland bags order from Sri Lankan Transport Board to supply 500 buses18 Jan 2023, 12:30PM Ashok Leyland, Adani Enterprises, Ballard to develop hydrogen fuel cell truck18 Jan 2023, 11:16AM Ashok Leyland informs about issuance duplicate share12 Jan 2023, 5:30PM Ashok Leyland showcases new advanced mobility solutions at Auto Expo 202312 Jan 2023, 12:31PM Ashok Leyland’s arm to showcase new electric vehicles at Auto Expo 20239 Jan 2023, 3:12PM Ashok Leyland’s arm, JBM Auto, PMI Electro Mobility win CESL’s e-bus contracts: Report5 Jan 2023, 2:29PM Ashok Leyland informs about updates 2 Jan 2023, 9:53AM Ashok Leyland reports 45% growth in December sales2 Jan 2023, 9:30AM Ashok Leyland informs about loss of share certificate 28 Dec 2022, 10:02AM Ashok Leyland informs about loss of share certificate22 Dec 2022, 12:05PM Ashok Leyland informs about appointment of MD cum CEO8 Dec 2022, 5:00PM Ashok Leyland informs about issuance of duplicate share certificate 6 Dec 2022, 10:40AM Ashok Leyland reports 39% growth in November sales1 Dec 2022, 2:38PM Ashok Leyland informs about press release1 Dec 2022, 1:09PM Ashok Leyland’s arm partners with JSW to introduce electric buses for employee transportation30 Nov 2022, 2:37PM Ashok Leyland informs about loss of share certificate 26 Nov 2022, 12:05PM Ashok Leyland informs about disclosure 26 Nov 2022, 10:53AM Ashok Leyland’s stake in Hinduja Tech decreases to 74.25% 23 Nov 2022, 11:35AM Ashok Leyland planning to launch 'Dost' vehicle with LHD option in Middle East, African markets21 Nov 2022, 12:13PM Ashok Leyland delivers 150 vehicles to Tanzanian Police Force17 Nov 2022, 2:28PM Ashok Leyland launches new ICV platform ‘Partner Super’15 Nov 2022, 10:11AM Ashok Leyland informs about unaudited financial results11 Nov 2022, 12:19PM Ashok Leyland turns black in Q2FY2311 Nov 2022, 10:39AM Ashok Leyland - Quaterly Results10 Nov 2022, 11:12PM Ashok Leyland - Quaterly Results10 Nov 2022, 11:12PM Ashok Leyland informs about loss of share certificates3 Nov 2022, 3:12PM Ashok Leyland informs about monthly business updates1 Nov 2022, 4:32PM Ashok Leyland reports 34% growth in October sales 1 Nov 2022, 3:15PM Ashok Leyland informs about loss of share certificates 21 Oct 2022, 3:37PM Ashok Leyland informs about loss of share certificate 21 Oct 2022, 3:00PM Ashok Leyland’s arm raises Rs 910 crore18 Oct 2022, 10:50AM Ashok Leyland, Indian Bank enter into MoU17 Oct 2022, 10:08AM

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 outstanding sales growth of 41.7400965267998 % and in the latest quarter sales was Rs 9029.67 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 10.4458433807786 times for Ashok Leyland . It is managing its inventory poorly . 
     
  • The company reported Profit growth of 272.733358837031 % over the year, where the latest year profit is Rs 541.83 Cr compared to the previous year of Rs -313.68 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 797.34 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Ashok Leyland has a poor ROE of 7.61318505914364 %. 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 0.4805.
     
  • Ashok Leyland pays a dividend of 1 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.7326 %.
     
  • The share of promoter in the company is high at 51.53 %, where the pledging is 19.04 %.
     
  • 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 26.1839883328216 compared to the 5 year average PE of 30.9114977712333 .
Brief about Ashok Leyland

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