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    • Ashok Leyland Share Price

    Large Cap
    ₹223.55
    + 1.13 (0.51%)
    • Advice
    • Hold
    08 October, 2024 14:04 BSE: 500477 NSE: ASHOKLEY ISIN: INE208A01029

    Start SIP in Ashok Leyland

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    Ashok Leyland Performance

    Day Range

    • Low 220
    • High 225
    ₹ 223

    52 Week Range

    • Low 158
    • High 265
    ₹ 223
    • Open Price222
    • Previous Close222
    • Volume4268332

    Ashok Leyland Chart

    • Over 1 Month -10.02%
    • Over 3 Month -2.88%
    • Over 6 Month + 26.68%
    • Over 1 Year + 29.7%

    Ashok Leyland Key Statistics

    P/E Ratio 26.8
    PEG Ratio 0.7
    Market Cap Cr 65,644
    Price to Book Ratio 5.6
    EPS 9
    Dividend 2.2
    Relative Strength Index 28.74
    Money Flow Index 35.05
    MACD Signal -3.63
    Average True Range 6.18

    Ashok Leyland F&O

    Ashok Leyland Futures Ashok Leyland Option Chain

    Ashok Leyland Investment Rating

    • Master Rating:

    • Ashok Leyland has an operating revenue of Rs. 46,823.81 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 9% is okay, ROE of 27% is exceptional. The company has a high debt to equity of 296%, which can be a reason to worry. The stock from a technical standpoint is trading below to its 50DMA and around 9% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 36 which is a POOR score indicating inconsistency in earnings, a RS Rating of 54 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 118 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Ashok Leyland Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 8,59911,2199,2319,6388,18911,626
    Operating Expenses Qtr Cr 7,6889,6758,1598,5587,36910,350
    Operating Profit Qtr Cr 9111,5921,1141,0808211,276
    Depreciation Qtr Cr 173180178180179184
    Interest Qtr Cr 595962597063
    Tax Qtr Cr 17650132330446373
    Net Profit Qtr Cr 526900580561576751
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 38,61436,260
    Operating Expenses Annual Cr 33,76033,213
    Operating Profit Annual in Cr 4,6072,931
    Depreciation Cr 718732
    Interest Annual Cr 249289
    Tax Annual Cr 1,174730
    Net Profit Annual Cr 2,6181,380
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 2,5032,136
    Cash from Investing Activity Annual Cr 902-1,735
    Cash from Financing Annual Activity Cr -1,917-940
    Net Cash Flow Annual Cr 1,488-539
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 8,8108,426
    Fixed Assets Annual Cr 6,1536,437
    Total Non Current Assets Annual Cr 11,94910,888
    Total Current Assets Annual Cr 11,66311,704
    Total Assets Annual Cr 23,61222,592
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 3029
    ROE Annual % 3016
    ROCE Annual % 3620
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 138
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 10,68113,53311,04511,4299,69113,147
    Operating Expenses Qtr Cr 8,85610,9759,1319,5598,18311,245
    Operating Profit Qtr Cr 1,8682,6031,9611,8701,5091,958
    Depreciation Qtr Cr 235233241227227259
    Interest Qtr Cr 904829783715655582
    Tax Qtr Cr 21558237535895411
    Net Profit Qtr Cr 509853560526544753
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 45,93141,783
    Operating Expenses Annual Cr 37,84836,580
    Operating Profit Annual in Cr 7,9435,093
    Depreciation Cr 927900
    Interest Annual Cr 2,9822,094
    Tax Annual Cr 1,410907
    Net Profit Annual Cr 2,4841,241
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr -6,258-4,499
    Cash from Investing Activity Annual Cr 1,135-2,935
    Cash from Financing Annual Activity Cr 8,4327,281
    Net Cash Flow Annual Cr 3,309-154
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 9,0048,554
    Fixed Assets Annual Cr 7,3747,222
    Total Non Current Assets Annual Cr 38,53430,485
    Total Current Assets Annual Cr 29,12724,243
    Total Assets Annual Cr 67,66054,729
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 4037
    ROE Annual % 2815
    ROCE Annual % 1713
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1812
    Invest in Ashok Leyland

    Ashok Leyland Technicals

    EMA & SMA

    Current Price
    ₹223.55
    + 1.13 (0.51%)
    pointer
    • Bullish Moving Average
    • ___
    • 3
    • Bearish Moving Average
    • ___
    • 13
    • 20 Day
    • ₹237.61
    • 50 Day
    • ₹240.44
    • 100 Day
    • ₹232.35
    • 200 Day
    • ₹215.21
    • 20 Day
    • ₹238.32
    • 50 Day
    • ₹247.30
    • 100 Day
    • ₹237.40
    • 200 Day
    • ₹206.70

    Ashok Leyland Resistance and Support

    PIVOT
    ₹223.01
    Resistance
    First Resistance 226.81
    Second Resistance 231.19
    Third Resistance 235.00
    RSI 28.74
    MFI 35.05
    MACD Single Line -3.63
    MACD -5.15
    Support
    First Support 218.62
    Second Support 214.81
    Third Supoort 210.43

    Ashok Leyland Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 11,080,143 523,869,161 47.28
    Week 12,255,440 549,043,723 44.8
    1 Month 9,204,405 444,204,607 48.26
    6 Month 15,527,339 638,173,638 41.1

    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. 38367.03 Cr. and Equity Capital is Rs. 293.63 Cr. for the Year ended 31/03/2024. 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 65,312
    Sales 38,776
    Shares in Float 143.88
    No of funds 766
    Yield 2.23
    Book Value 7.41
    U/D Vol ratio 1
    LTDebt / Equity 13
    Alpha -0.06
    Beta 1.43

    Ashok Leyland Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 51.52%51.52%51.53%51.53%
    Mutual Funds 6.8%5.84%8.71%10.1%
    Insurance Companies 6.02%4.62%4.03%4.73%
    Foreign Portfolio Investors 22.03%21.45%20.48%20.21%
    Financial Institutions/ Banks 0.07%0.24%0.12%0.01%
    Individual Investors 10.79%13.1%11.65%10%
    Others 2.77%3.23%3.48%3.42%

    Ashok Leyland Management

    Name Designation
    Mr. Dheeraj G Hinduja Executive Chairman
    Mr. Shenu Agarwal Managing Director & CEO
    Mr. Shom Ashok Hinduja Director
    Dr. Andreas H Biagosch Director
    Mr. Jean Brunol Director
    Ms. Sanjay K Asher Director
    Mr. Manisha Girotra Director
    Mr. Gopal Mahadevan Director
    Mr. Jose Maria Alapont Director
    Mr. Saugata Gupta Director
    Dr. C Bhaktavatsala Rao Director
    Dr. V Sumantran Director
    Mr. Thomas Dauner Director

    Ashok Leyland Forecast

    Price Estimates

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

    Other Analyst Rating

    Ashok Leyland Corporate Action

    Date Purpose Remarks
    2024-07-25 Quarterly Results
    2024-05-24 Audited Results
    2024-03-25 Interim Dividend
    2024-02-05 Quarterly Results
    2023-11-09 Quarterly Results
    Date Purpose Remarks
    2024-04-03 INTERIM Rs.4.95 per share(495%)Interim Dividend

    About Ashok Leyland

    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

    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.
        
    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
     

    Ashok Leyland FAQs

    What is Share Price of Ashok Leyland ?

    Ashok Leyland share price is ₹223 As on 08 October, 2024 | 13:50

    What is the Market Cap of Ashok Leyland ?

    The Market Cap of Ashok Leyland is ₹65643.8 Cr As on 08 October, 2024 | 13:50

    What is the P/E ratio of Ashok Leyland ?

    The P/E ratio of Ashok Leyland is 26.8 As on 08 October, 2024 | 13:50

    What is the PB ratio of Ashok Leyland ?

    The PB ratio of Ashok Leyland is 5.6 As on 08 October, 2024 | 13:50

    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.

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