ASHOKLEY

Ashok Leyland Share PriceAshok Leyland

₹148.85
-0.6 (-0.4%)
As on 08 February, 2023 | 12:12 BSE: 500477 NSE: ASHOKLEY

Ashok Leyland Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Ashok Leyland Share Price

  • Over 1 Month 1.12%
  • Over 3 Month 0.84%
  • Over 6 Month 3.07%
  • Over 1 Year 10.18%

Ashok Leyland Key Statistics

P/E Ratio 63.2
PEG Ratio 0.1
Market Cap Cr 43,704
Price to Book Ratio 5.1
EPS 0.1
Dividend 0.7
Relative Strength Index 52.27
Money Flow Index 70.23
MACD Signal 0.85
Average True Range 4.55

Ashok Leyland Investment Rating

  • Master Rating:
  • Ashok Leyland has an operating revenue of Rs. 37,149.64 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of -1% needs improvement, ROE of -4% is poor and needs improvement. The company has a high debt to equity of 209%, which can be a reason to worry. The stock from a technical standpoint is trading close to its key moving averages, around 2% and 3% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 11% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 72 which is a FAIR score but needs to improve its earnings, a RS Rating of 63 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 80 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of B is close to being the best. Overall, the stock definitely has some strength, you may want to examine it in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Ashok Leyland Financials
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 9,0308,2668,4358,703
Operating Expenses Qtr Cr 8,2327,7297,7007,968
Operating Profit Qtr Cr 797537770776
Depreciation Qtr Cr 189177212195
Interest Qtr Cr 807746776
Tax Qtr Cr 2051126897
Net Profit Qtr Cr 36119928901

Ashok Leyland Technicals

EMA & SMA

Current Price
₹148.85
-0.6 (-0.4%)
  • Bullish Moving Average
  • ___
  • 10
  • Bearish Moving Average
  • ___
  • 6
  • 20 Day
  • 148.61
  • 50 Day
  • 147.61
  • 100 Day
  • 147.17
  • 200 Day
  • 143.88
  • 20 Day
  • 148.3
  • 50 Day
  • 146.44
  • 100 Day
  • 148.62
  • 200 Day
  • 145.09

Ashok Leyland Resistance and Support

PIVOT
₹150.75
Resistance
First Resistance 153.35
Second Resistance 157.25
Third Resistance 159.85
RSI 52.27
MFI 70.23
MACD Single Line 0.85
MACD 1.29
Support
First Resistance 146.85
Second Resistance 144.25
Third Resistance 140.35

Ashok Leyland Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 8,581,216 230,405,650 26.85
Week 20,466,518 758,693,815 37.07
1 Month 12,561,551 536,755,062 42.73
6 Month 12,756,910 545,740,596 42.78

Ashok Leyland Result Highlights

Ashok Leyland Synopsis

NSE-Auto Manufacturers

Ashok Leyland is involved in the business activities of Manufacture of commercial vehicles such as vans, lorries, over-the-road tractors for semi-trailers etc.. Company’s Total Operating Revenue is Rs. 21688.29 Cr. and Equity Capital is Rs. 293.55 Cr. for the Year ended 31/03/2022. Ashok Leyland Ltd. is a Public Limited Listed company incorporated on 07/09/1948 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L34101TN1948PLC000105 and registration number is 000105.
Market Cap 43,836
Sales 34,510
Shares in Float 143.87
No of funds 416
Yield 0.67
Book Value 5.98
U/D Vol ratio 0.9
LTDebt / Equity 39
Alpha 0.06
Beta 1.28

Ashok Leyland

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 51.53%51.54%51.54%
Mutual Funds 13.56%12.78%14.93%
Insurance Companies 6.03%5.76%5.34%
Foreign Portfolio Investors 15.29%17.59%15.03%
Financial Institutions/ Banks 0.07%0.68%
Individual Investors 10.32%9.77%10.34%
Others 3.2%2.56%2.14%

Ashok Leyland Management

Name Designation
Mr. Dheeraj G Hinduja Chairman
Mr. Gopal Mahadevan WholeTime Director & CFO
Mr. Shom Ashok Hinduja Director
Dr. Andreas H Biagosch Director
Mr. Jean Brunol Director
Mr. Sanjay K Asher Director
Mr. Manisha Girotra Director
Dr. Andrew C Palmer Director
Mr. Jose Maria Alapont Director
Mr. Saugata Gupta Director
Dr. C Bhaktavatsala Rao Director

Ashok Leyland Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Ashok Leyland MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 51027
ICICI Prudential Balanced Advantage Fund Growth 44634
Mirae Asset Large Cap Fund Regular Growth 34194
SBI Balanced Advantage Fund Regular Growth 23223
Kotak Equity Arbitrage Fund Growth 21566

About Company

Ashok Leyland Limited is an Indian multinational automotive manufacturer headquartered in Chennai, Tamil Nadu, India. It is the second-largest manufacturer of commercial vehicles in India, the third-largest manufacturer of buses, and the tenth-largest manufacturer of trucks globally. The company is managed by the Hinduja group, with the current chairman of the company being Mr Dheeraj Hinduja. 

Since its inception, it has played a significant role in India’s commercial vehicle industry. It has formed tie-ups with technological leaders globally, achieving in-house R&D and knowledge sharing. From air brakes to power steering or rear-engine buses, Ashok Leyland has pioneered these concepts. They have the philosophy of 'Designing durable products that make economic sense to the consumer, using appropriate technology. 

In populous metro cities in India, four out of five State Transport Undertaking (STU) buses are from Ashok Leyland. Its products include double-decker, vestibule buses and other transport vehicles.

The product range of the company includes:
    
1. Buses
2. Trucks
3. Engines
4. Defence & Special Vehicles     


Associates Companies:

1. Automotive Coaches & Components Ltd  (ACCL)     
2. Lanka Ashok Leyland
3. Hinduja Foundries
4. IRIZAR–TVS    
5. Ashok Leyland Project Services Limited
 

History of Ashok Leyland

Ashok Leyland was founded as Ashok Motors by Mr. Raghunandan Saran on 7 September 1948. The company is named after the founder’s son and was set up in collaboration with Austin Motor company. With Austin Motors, the company was the distributor of vehicles in India. It had its headquarters and manufacturing plant in Chennai. But after 1950, Ashok Motors collaborated with Leyland Motors to import, assemble and manufacture trucks in India. In 1954, it got government approval for manufacturing commercial vehicles, and in 1955, Ashok Motors merged to form ‘Ashok Leyland Motors’. 

In 1987, the company entered into a joint venture with Hinduja Group and Iveco, part of the Fiat Group. In 2007, the Hinduja Group bought out Iveco’s stake to get a 51% stake in the company. Today, the company has grown to become the 3rd largest manufacturer of buses in India and the 10th largest truck manufacturer globally.

As of January 2021, the gross sales (Revenue) of Ashok Leyland stood at Rs. 15,301, with a profit of 412 crores. The automotive manufacturer has over 10,000+ employees, and the following are key parameters of Ashok Leyland for the financial year 2020-21:
    
1. Incorporation Date - 1948
2. Included in BSE 100 - Yes
3. Included in BSE 200 - Yes
4. SENSEX - Yes
5. NIFTY 200 - Yes
6. BSE 100 - Yes
7. Nifty Auto - Yes
8. S&P BSE Auto - Yes
9. BSE - 500477
10. NSE - ASHOKLEYEQ
11. Series - EQ
12. ISIN - INE208A01029
13. IND - Auto - Cars / UV/ CV
14. Sector - Automobiles
15. Market Cap - INR 36,445 Crore (As of 18th May 2022)
16. Sales - INR 19,454 Crore  (FY21)
17. Book Value - 25.4  (As of 18th May 2022)
18. Debt/Equity - 3.06 (As of 18th May 2022)

Ashok Leyland FAQs

What is Share Price of Ashok Leyland ?

Ashok Leyland share price is ₹148 As on 08 February, 2023 | 11:58

What is the Market Cap of Ashok Leyland ?

The Market Cap of Ashok Leyland is ₹43704.3 Cr As on 08 February, 2023 | 11:58

What is the P/E ratio of Ashok Leyland ?

The P/E ratio of Ashok Leyland is 63.2 As on 08 February, 2023 | 11:58

What is the PB ratio of Ashok Leyland ?

The PB ratio of Ashok Leyland is 5.1 As on 08 February, 2023 | 11:58

Which segments does Ashok Leyland work in?

Ashok Leyland is an Indian automobile manufacturer that focuses on commercial vehicles, trucks, and buses and manufactures spare parts and engines for marine and other industries. 

The product range of the company includes:

1. Buses
2. Trucks
3. Engines
4. Defence & Special Vehicles

Who is the CEO of Ashok Leyland?

The current chairman of the company is Mr. Dheeraj Hinduja.

How can you buy shares of Ashok Leyland?

You can buy shares of Ashok Leyland Ltd by opening a DEMAT account through 5 paisa and getting the KYC documents verified.

Is Ashok Leyland overvalued?

Although it is hard to estimate if Ashok Leyland is a good share to invest in, it has shown a good track record and is recommended for long-term holding. The company has high debt and is currently volatile due to the uncertainty and large-scale issues in the automotive sector. However, with high demand for transport and essential services, this sector may see high growth, benefiting Ashok Leyland.

Does Ashok Leyland stock give dividends?

For the year ending March 2021, Ashok Leyland declared an equity dividend of 60.00%, amounting to Rs.0.6 per share. The current share price of Rs.123.10 results in a dividend yield of 0.49%.

Q2FY23