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    3. Ashokley Share Price

    Ashok Leyland Share PriceAshok Leyland

    Large Cap 25.5k Result
    ₹181.45
    2.5 (1.4%)
    • Advice
    • Hold
    As on 29 November, 2023 | 21:48 BSE: 500477 NSE: ASHOKLEYISIN: INE208A01029

    Ashok Leyland Performance

    Day Range

    • Low 178.50
    • High 182.50
    ₹ 181.45

    52 Week Range

    • Low 133.10
    • High 191.50
    ₹ 181.45
    • Open Price179.95
    • Previous Close178.95
    • Volume14337989

    Start SIP in Ashok Leyland

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    Ashok Leyland Share Price

    • Over 1 Month 7.91%
    • Over 3 Month -3.54%
    • Over 6 Month 24.2%
    • Over 1 Year 22.15%

    Ashok Leyland Key Statistics

    P/E Ratio 24.9
    PEG Ratio 0
    Market Cap Cr 53,276
    Price to Book Ratio 4.9
    EPS 4.4
    Dividend 1.4
    Relative Strength Index 64.84
    Money Flow Index 53.39
    MACD Signal 0.68
    Average True Range 3.69

    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. 44,722.65 Cr. on a trailing 12-month basis. An annual revenue growth of 59% is outstanding, Pre-tax margin of 5% is okay, ROE of 14% is good. The company has a high debt to equity of 228%, which can be a reason to worry. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 10% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 6% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 79 which is a FAIR score but needs to improve its earnings, a RS Rating of 40 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 102 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 mediocre earnings and technical strength, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Ashok Leyland Financials
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 9,6388,18911,6269,0308,2668,4358,703
    Operating Expenses Qtr Cr 8,5587,36910,3508,2327,7297,7007,968
    Operating Profit Qtr Cr 1,0808211,276797537770776
    Depreciation Qtr Cr 180179184189177212195
    Interest Qtr Cr 597063807746776
    Tax Qtr Cr 304463732051126897
    Net Profit Qtr Cr 56157675136119928901
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 36,26021,764
    Operating Expenses Annual Cr 33,21320,694
    Operating Profit Annual in Cr 2,931995
    Depreciation Cr 732753
    Interest Annual Cr 289301
    Tax Annual Cr 730-14
    Net Profit Annual Cr 1,380542
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 2,1362,647
    Cash from Investing Activity Annual Cr -1,735-1,459
    Cash from Financing Annual Activity Cr -940-724
    Net Cash Flow Annual Cr -539464
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 8,4267,337
    Fixed Assets Annual Cr 6,4376,795
    Total Non Current Assets Annual Cr 10,88810,812
    Total Current Assets Annual Cr 11,7049,522
    Total Assets Annual Cr 22,59220,334
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 2925
    ROE Annual % 167
    ROCE Annual % 203
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 85
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 11,4299,69113,14710,4009,6007,1899,882
    Operating Expenses Qtr Cr 9,5598,18311,2459,0558,5806,9038,733
    Operating Profit Qtr Cr 1,8701,5091,9581,3441,0203201,194
    Depreciation Qtr Cr 227227259220209182234
    Interest Qtr Cr 71565558254549969463
    Tax Qtr Cr 3589541126415840106
    Net Profit Qtr Cr 52654475331916468140
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 41,78326,324
    Operating Expenses Annual Cr 36,58023,472
    Operating Profit Annual in Cr 5,0932,765
    Depreciation Cr 900866
    Interest Annual Cr 2,0941,869
    Tax Annual Cr 90786
    Net Profit Annual Cr 1,241-359
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr -4,4992,845
    Cash from Investing Activity Annual Cr -2,935-1,917
    Cash from Financing Annual Activity Cr 7,281-378
    Net Cash Flow Annual Cr -154550
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 8,5547,304
    Fixed Assets Annual Cr 7,2227,103
    Total Non Current Assets Annual Cr 30,48524,987
    Total Current Assets Annual Cr 24,24318,614
    Total Assets Annual Cr 54,72943,601
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 3729
    ROE Annual % 15-5
    ROCE Annual % 138
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1211
    Invest in Ashok Leyland

    Ashok Leyland Technicals

    EMA & SMA

    Current Price
    ₹181.45
    2.5 (1.4%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹175.46
    • 50 Day
    • ₹175.01
    • 100 Day
    • ₹172.96
    • 200 Day
    • ₹166.14
    • 20 Day
    • ₹173.80
    • 50 Day
    • ₹174.60
    • 100 Day
    • ₹177.79
    • 200 Day
    • ₹162.60

    Ashok Leyland Resistance and Support

    PIVOT
    ₹180.82
    Resistance
    First Resistance 183.13
    Second Resistance 184.82
    Third Resistance 187.13
    RSI 64.84
    MFI 53.39
    MACD Single Line 0.68
    MACD 1.69
    Support
    First Resistance 179.13
    Second Resistance 176.82
    Third Resistance 175.13

    Ashok Leyland Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 15,260,406 828,182,234 54.27
    Week 10,032,053 490,868,353 48.93
    1 Month 9,329,341 467,866,465 50.15
    6 Month 13,506,919 666,836,596 49.37

    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. 36144.14 Cr. and Equity Capital is Rs. 293.61 Cr. for the Year ended 31/03/2023. 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 53,232
    Sales 38,483
    Shares in Float 143.87
    No of funds 670
    Yield 1.45
    Book Value 6.24
    U/D Vol ratio 0.7
    LTDebt / Equity 21
    Alpha 0.06
    Beta 0.93

    Ashok Leyland

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 51.53%51.53%51.53%51.53%
    Mutual Funds 10.1%13.24%14.52%13.56%
    Insurance Companies 4.73%5.64%5.81%6.03%
    Foreign Portfolio Investors 20.21%16.59%14.85%15.29%
    Financial Institutions/ Banks 0.01%0.09%0.07%
    Individual Investors 10%9.65%9.98%10.32%
    Others 3.42%3.35%3.22%3.2%

    Ashok Leyland Management

    Name Designation
    Mr. Dheeraj G Hinduja Executive 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
    Mr. Shenu Agarwal Managing Director & CEO
    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 Corporate Action

    Date Purpose Remarks
    2023-11-09 Quarterly Results
    2023-07-21 Quarterly Results
    2023-05-23 Audited Results & Final Dividend
    2023-02-01 Quarterly Results
    2022-11-10 Quarterly Results

    Ashok Leyland MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 63,981
    ICICI Prudential Balanced Advantage Fund Growth 49,871
    Parag Parikh Flexi Cap Regular Growth 44,038
    Kotak Flexicap Fund Growth 39,269
    Mirae Asset Large Cap Fund Regular Growth 34,377

    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 ₹181 As on 29 November, 2023 | 21:34

    What is the Market Cap of Ashok Leyland ?

    The Market Cap of Ashok Leyland is ₹53276 Cr As on 29 November, 2023 | 21:34

    What is the P/E ratio of Ashok Leyland ?

    The P/E ratio of Ashok Leyland is 24.9 As on 29 November, 2023 | 21:34

    What is the PB ratio of Ashok Leyland ?

    The PB ratio of Ashok Leyland is 4.9 As on 29 November, 2023 | 21:34

    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.

    Q2FY23

    More Information

    CIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no. 16V, Plot no. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604

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