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Last Updated on: 13 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500477 | NSE: ASHOKLEY

Ashok Leyland Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 13, 2025, 4:24 pm

Market Cap 57,703 Cr.
Current Price 196
High / Low 265/158
Stock P/E20.6
Book Value 35.1
Dividend Yield2.45 %
ROCE15.0 %
ROE28.4 %
Face Value 1.00
PEG Ratio0.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ashok Leyland Ltd

Competitors of Ashok Leyland Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Force Motors Ltd 9,470 Cr. 7,167 10,278/5,81518.7 1,8830.28 %23.8 %18.8 % 10.0
SML ISUZU Ltd 1,620 Cr. 1,120 2,406/1,02813.4 2281.44 %23.6 %46.1 % 10.0
Olectra Greentech Ltd 8,574 Cr. 1,045 2,012/1,00865.2 1200.04 %14.8 %8.77 % 4.00
Tata Motors Ltd 2,41,449 Cr. 656 1,179/6067.58 2750.45 %20.1 %49.4 % 2.00
Ashok Leyland Ltd 57,703 Cr. 196 265/15820.6 35.12.45 %15.0 %28.4 % 1.00
Industry Average63,763.20 Cr2,036.8025.10508.220.93%19.46%30.29%5.40

All Competitor Stocks of Ashok Leyland Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 6,6609,9278,4709,60010,40013,2039,69111,42911,09313,57810,72411,14811,995
Expenses 6,0028,7337,7018,5809,05511,2458,1839,5599,13110,9758,8569,1089,659
Operating Profit 6581,1947701,0201,3441,9581,5091,8701,9612,6031,8682,0402,336
OPM % 10%12%9%11%13%15%16%16%18%19%17%18%19%
Other Income -34-233532369753-146-253624575
Interest 4654634674995455826557157838299049621,011
Depreciation 214234212209220259227227241233235244268
Profit before tax -56264963446151,2146799279841,5167651,0781,132
Tax % 92%40%77%46%43%34%14%39%38%38%28%29%28%
Net Profit -10815822186351803584569609934551767820
EPS in Rs -0.410.480.020.561.092.561.851.791.912.911.732.402.59

Last Updated: March 3, 2025, 5:30 pm

Below is a detailed analysis of the quarterly data for Ashok Leyland Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹11,995.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,148.00 Cr. (Sep 2024) to ₹11,995.00 Cr., marking an increase of ₹847.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹9,659.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,108.00 Cr. (Sep 2024) to ₹9,659.00 Cr., marking an increase of ₹551.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹2,336.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,040.00 Cr. (Sep 2024) to ₹2,336.00 Cr., marking an increase of ₹296.00 Cr..
  • For OPM %, as of Dec 2024, the value is 19.00%. The value appears strong and on an upward trend. It has increased from 18.00% (Sep 2024) to 19.00%, marking an increase of 1.00%.
  • For Other Income, as of Dec 2024, the value is ₹75.00 Cr.. The value appears to be declining and may need further review. It has decreased from 245.00 Cr. (Sep 2024) to ₹75.00 Cr., marking a decrease of 170.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹1,011.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 962.00 Cr. (Sep 2024) to ₹1,011.00 Cr., marking an increase of ₹49.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹268.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 244.00 Cr. (Sep 2024) to ₹268.00 Cr., marking an increase of ₹24.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹1,132.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,078.00 Cr. (Sep 2024) to ₹1,132.00 Cr., marking an increase of ₹54.00 Cr..
  • For Tax %, as of Dec 2024, the value is 28.00%. The value appears to be improving (decreasing) as expected. It has decreased from 29.00% (Sep 2024) to 28.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2024, the value is ₹820.00 Cr.. The value appears strong and on an upward trend. It has increased from 767.00 Cr. (Sep 2024) to ₹820.00 Cr., marking an increase of ₹53.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 2.59. The value appears strong and on an upward trend. It has increased from ₹2.40 (Sep 2024) to 2.59, marking an increase of 0.19.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:13 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 11,85915,70821,26022,87129,63633,19721,95119,45426,23741,67345,79147,445
Expenses 11,43714,19118,28119,82625,38728,28718,71816,99223,47236,58037,84838,598
Operating Profit 4221,5172,9793,0454,2484,9103,2332,4622,7655,0937,9438,847
OPM % 4%10%14%13%14%15%15%13%11%12%17%19%
Other Income 613-106-32140619013957207-23016673331
Interest 8058729251,0491,2271,5021,8021,9011,8692,0942,9823,707
Depreciation 530580524573646676750836866900927980
Profit before tax -300-421,2091,8292,5652,872739-67-2002,2654,1064,491
Tax % -23%415%41%11%29%24%38%4%43%40%34%
Net Profit -222-2057121,6331,8142,195460-70-2851,3592,6963,071
EPS in Rs -0.620.472.405.586.017.081.15-0.56-1.224.228.469.63
Dividend Payout % 0%96%40%28%40%44%44%-107%-82%62%59%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)7.66%447.32%129.35%11.08%21.00%-79.04%-115.22%-307.14%576.84%98.38%
Change in YoY Net Profit Growth (%)0.00%439.66%-317.96%-118.27%9.92%-100.05%-36.17%-191.93%883.98%-478.46%

Ashok Leyland Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:7%
3 Years:33%
TTM:4%
Compounded Profit Growth
10 Years:21%
5 Years:4%
3 Years:206%
TTM:18%
Stock Price CAGR
10 Years:10%
5 Years:24%
3 Years:22%
1 Year:23%
Return on Equity
10 Years:13%
5 Years:10%
3 Years:16%
Last Year:28%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:40 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 266285285285293294294294294294294294
Reserves 3,7234,2274,9796,1087,1288,4527,4957,5687,0108,2588,71110,018
Borrowings 8,5009,07011,05413,16815,79119,16822,41724,07724,14531,16140,80244,298
Other Liabilities 5,0356,0115,8067,04810,17111,2127,92410,11912,12514,98417,78815,991
Total Liabilities 17,52419,59222,12326,60933,38339,12638,13042,05843,57454,69767,59570,600
Fixed Assets 7,5736,5295,8906,5916,5966,6958,0318,4847,8958,1468,1578,589
CWIP 29721687244439678574336240268415219
Investments 1,1651,4991,0311,9334,3831,4929601,0962,6524,8522,3293,953
Other Assets 8,49111,34815,11517,84121,96530,26128,56532,14332,78741,43056,69557,839
Total Assets 17,52419,59222,12326,60933,38339,12638,13042,05843,57454,69767,59570,600

Below is a detailed analysis of the balance sheet data for Ashok Leyland Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹294.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹294.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹10,018.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹8,711.00 Cr. (Mar 2024) to ₹10,018.00 Cr., marking an increase of 1,307.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹44,298.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹40,802.00 Cr. (Mar 2024) to ₹44,298.00 Cr., marking an increase of 3,496.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹15,991.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹17,788.00 Cr. (Mar 2024) to ₹15,991.00 Cr., marking a decrease of 1,797.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹70,600.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹67,595.00 Cr. (Mar 2024) to ₹70,600.00 Cr., marking an increase of 3,005.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹8,589.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹8,157.00 Cr. (Mar 2024) to ₹8,589.00 Cr., marking an increase of 432.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹219.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹415.00 Cr. (Mar 2024) to ₹219.00 Cr., marking a decrease of 196.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹3,953.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,329.00 Cr. (Mar 2024) to ₹3,953.00 Cr., marking an increase of 1,624.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹57,839.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹56,695.00 Cr. (Mar 2024) to ₹57,839.00 Cr., marking an increase of 1,144.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹70,600.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹67,595.00 Cr. (Mar 2024) to ₹70,600.00 Cr., marking an increase of 3,005.00 Cr..

However, the Borrowings (44,298.00 Cr.) are higher than the Reserves (₹10,018.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-10495-1,2752701,462-3,745383-1,0652,845-4,499-6,258
Cash from Investing Activity +-378-124456-1,676-3,1631,897-1,201-973-1,917-2,9041,135
Cash from Financing Activity +4617811,6607381,9052,3981,2391,331-3787,2818,432
Net Cash Flow-20752841-668205549421-707550-1223,309

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow414.00-8.00-9.00-10.00-11.00-15.00-19.00-22.00-22.00-26.00-33.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days4331252014302557453731
Inventory Days6958507342524276534450
Days Payable11610871859688901621509685
Cash Conversion Cycle-5-1958-39-6-22-30-52-16-4
Working Capital Days-6-22-5-5-311016113686666
ROCE %8%17%15%17%16%9%5%6%11%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters51.54%51.54%51.54%51.53%51.53%51.53%51.53%51.53%51.52%51.52%51.52%51.52%
FIIs13.45%15.03%17.59%15.29%14.85%16.59%20.21%20.48%21.45%22.03%24.39%24.09%
DIIs21.94%21.73%19.50%21.16%22.15%20.79%16.51%14.66%12.23%14.12%12.34%13.04%
Government0.08%0.08%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public12.99%11.62%11.29%11.94%11.40%11.02%11.66%13.25%14.72%12.24%11.66%11.28%
No. of Shareholders12,42,00811,20,96410,96,22011,30,37211,18,10710,99,98212,06,48213,39,74414,91,39714,75,87414,59,21214,56,048

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Balanced Advantage Fund18,247,5001.17320.9711,340,0002025-03-1260.91%
Kotak Equity Opportunities Fund - Regular Plan16,500,0001.58290.2411,340,0002025-03-1245.5%
Canara Robeco Emerging Equities15,619,5151.38274.7511,340,0002025-03-1237.74%
Nippon India Growth Fund12,500,0000.9219.8811,340,0002025-03-1210.23%
Kotak Flexicap Fund - Regular Plan11,500,0000.46202.2911,340,0002025-03-121.41%
Kotak Equity Arbitrage Fund - Regular Plan11,340,0000.55199.4711,340,0002025-03-120%
SBI Large & Midcap Fund11,000,0000.97193.4911,340,0002025-03-12-3%
SBI Contra Fund10,441,0720.78183.6611,340,0002025-03-12-7.93%
UTI Mid Cap Fund8,511,1021.49149.7111,340,0002025-03-12-24.95%
ICICI Prudential Balanced Advantage Fund7,614,6660.25133.9411,340,0002025-03-12-32.85%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 8.464.23-1.22-0.561.15
Diluted EPS (Rs.) 8.454.22-1.22-0.561.15
Cash EPS (Rs.) 12.297.671.952.614.11
Book Value[Excl.RevalReserv]/Share (Rs.) 40.2336.7829.2631.1030.30
Book Value[Incl.RevalReserv]/Share (Rs.) 40.2336.7829.2631.1030.30
Revenue From Operations / Share (Rs.) 155.95141.9389.3866.2774.78
PBDIT / Share (Rs.) 27.5317.729.728.8411.38
PBIT / Share (Rs.) 24.3714.666.775.998.83
PBT / Share (Rs.) 13.937.69-0.70-0.222.51
Net Profit / Share (Rs.) 9.134.60-0.99-0.231.56
NP After MI And SOA / Share (Rs.) 8.464.23-1.22-0.561.15
PBDIT Margin (%) 17.6512.4810.8713.3315.22
PBIT Margin (%) 15.6210.327.569.0311.80
PBT Margin (%) 8.935.41-0.78-0.343.35
Net Profit Margin (%) 5.853.24-1.11-0.352.08
NP After MI And SOA Margin (%) 5.422.97-1.36-0.841.53
Return on Networth / Equity (%) 27.5814.50-4.90-2.104.32
Return on Capital Employeed (%) 17.4613.337.946.8011.10
Return On Assets (%) 3.672.26-0.82-0.390.88
Long Term Debt / Equity (X) 2.962.282.091.981.71
Total Debt / Equity (X) 4.513.613.282.312.07
Asset Turnover Ratio (%) 0.740.840.690.540.62
Current Ratio (X) 1.091.080.990.981.03
Quick Ratio (X) 0.940.920.860.820.93
Inventory Turnover Ratio (X) 7.589.456.966.044.83
Dividend Payout Ratio (NP) (%) 89.2623.65-49.110.00378.92
Dividend Payout Ratio (CP) (%) 64.9913.7134.710.00117.39
Earning Retention Ratio (%) 10.7476.35149.110.00-278.92
Cash Earning Retention Ratio (%) 35.0186.2965.290.00-17.39
Interest Coverage Ratio (X) 2.712.491.531.361.85
Interest Coverage Ratio (Post Tax) (X) 1.931.621.020.921.28
Enterprise Value (Cr.) 86549.0371834.3657544.9250957.3627660.50
EV / Net Operating Revenue (X) 1.891.722.192.621.26
EV / EBITDA (X) 10.7113.8020.1819.658.28
MarketCap / Net Operating Revenue (X) 1.100.981.311.710.57
Retention Ratios (%) 10.7376.34149.110.00-278.92
Price / BV (X) 5.584.784.714.241.62
Price / Net Operating Revenue (X) 1.100.981.311.710.57
EarningsYield 0.040.03-0.010.000.02

After reviewing the key financial ratios for Ashok Leyland Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 8.46. This value is within the healthy range. It has increased from 4.23 (Mar 23) to 8.46, marking an increase of 4.23.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 8.45. This value is within the healthy range. It has increased from 4.22 (Mar 23) to 8.45, marking an increase of 4.23.
  • For Cash EPS (Rs.), as of Mar 24, the value is 12.29. This value is within the healthy range. It has increased from 7.67 (Mar 23) to 12.29, marking an increase of 4.62.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 40.23. It has increased from 36.78 (Mar 23) to 40.23, marking an increase of 3.45.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 40.23. It has increased from 36.78 (Mar 23) to 40.23, marking an increase of 3.45.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 155.95. It has increased from 141.93 (Mar 23) to 155.95, marking an increase of 14.02.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 27.53. This value is within the healthy range. It has increased from 17.72 (Mar 23) to 27.53, marking an increase of 9.81.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 24.37. This value is within the healthy range. It has increased from 14.66 (Mar 23) to 24.37, marking an increase of 9.71.
  • For PBT / Share (Rs.), as of Mar 24, the value is 13.93. This value is within the healthy range. It has increased from 7.69 (Mar 23) to 13.93, marking an increase of 6.24.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 9.13. This value is within the healthy range. It has increased from 4.60 (Mar 23) to 9.13, marking an increase of 4.53.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 8.46. This value is within the healthy range. It has increased from 4.23 (Mar 23) to 8.46, marking an increase of 4.23.
  • For PBDIT Margin (%), as of Mar 24, the value is 17.65. This value is within the healthy range. It has increased from 12.48 (Mar 23) to 17.65, marking an increase of 5.17.
  • For PBIT Margin (%), as of Mar 24, the value is 15.62. This value is within the healthy range. It has increased from 10.32 (Mar 23) to 15.62, marking an increase of 5.30.
  • For PBT Margin (%), as of Mar 24, the value is 8.93. This value is below the healthy minimum of 10. It has increased from 5.41 (Mar 23) to 8.93, marking an increase of 3.52.
  • For Net Profit Margin (%), as of Mar 24, the value is 5.85. This value is within the healthy range. It has increased from 3.24 (Mar 23) to 5.85, marking an increase of 2.61.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 5.42. This value is below the healthy minimum of 8. It has increased from 2.97 (Mar 23) to 5.42, marking an increase of 2.45.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 27.58. This value is within the healthy range. It has increased from 14.50 (Mar 23) to 27.58, marking an increase of 13.08.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 17.46. This value is within the healthy range. It has increased from 13.33 (Mar 23) to 17.46, marking an increase of 4.13.
  • For Return On Assets (%), as of Mar 24, the value is 3.67. This value is below the healthy minimum of 5. It has increased from 2.26 (Mar 23) to 3.67, marking an increase of 1.41.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 2.96. This value exceeds the healthy maximum of 1. It has increased from 2.28 (Mar 23) to 2.96, marking an increase of 0.68.
  • For Total Debt / Equity (X), as of Mar 24, the value is 4.51. This value exceeds the healthy maximum of 1. It has increased from 3.61 (Mar 23) to 4.51, marking an increase of 0.90.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.74. It has decreased from 0.84 (Mar 23) to 0.74, marking a decrease of 0.10.
  • For Current Ratio (X), as of Mar 24, the value is 1.09. This value is below the healthy minimum of 1.5. It has increased from 1.08 (Mar 23) to 1.09, marking an increase of 0.01.
  • For Quick Ratio (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1. It has increased from 0.92 (Mar 23) to 0.94, marking an increase of 0.02.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 7.58. This value is within the healthy range. It has decreased from 9.45 (Mar 23) to 7.58, marking a decrease of 1.87.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 89.26. This value exceeds the healthy maximum of 50. It has increased from 23.65 (Mar 23) to 89.26, marking an increase of 65.61.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 64.99. This value exceeds the healthy maximum of 50. It has increased from 13.71 (Mar 23) to 64.99, marking an increase of 51.28.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 10.74. This value is below the healthy minimum of 40. It has decreased from 76.35 (Mar 23) to 10.74, marking a decrease of 65.61.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 35.01. This value is below the healthy minimum of 40. It has decreased from 86.29 (Mar 23) to 35.01, marking a decrease of 51.28.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 2.71. This value is below the healthy minimum of 3. It has increased from 2.49 (Mar 23) to 2.71, marking an increase of 0.22.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.93. This value is below the healthy minimum of 3. It has increased from 1.62 (Mar 23) to 1.93, marking an increase of 0.31.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 86,549.03. It has increased from 71,834.36 (Mar 23) to 86,549.03, marking an increase of 14,714.67.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.89. This value is within the healthy range. It has increased from 1.72 (Mar 23) to 1.89, marking an increase of 0.17.
  • For EV / EBITDA (X), as of Mar 24, the value is 10.71. This value is within the healthy range. It has decreased from 13.80 (Mar 23) to 10.71, marking a decrease of 3.09.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.10. This value is within the healthy range. It has increased from 0.98 (Mar 23) to 1.10, marking an increase of 0.12.
  • For Retention Ratios (%), as of Mar 24, the value is 10.73. This value is below the healthy minimum of 30. It has decreased from 76.34 (Mar 23) to 10.73, marking a decrease of 65.61.
  • For Price / BV (X), as of Mar 24, the value is 5.58. This value exceeds the healthy maximum of 3. It has increased from 4.78 (Mar 23) to 5.58, marking an increase of 0.80.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.10. This value is within the healthy range. It has increased from 0.98 (Mar 23) to 1.10, marking an increase of 0.12.
  • For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 23) to 0.04, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ashok Leyland Ltd as of March 13, 2025 is: ₹168.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, Ashok Leyland Ltd is Overvalued by 14.13% compared to the current share price 196.00

Intrinsic Value of Ashok Leyland Ltd as of March 13, 2025 is: 272.80

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, Ashok Leyland Ltd is Undervalued by 39.18% compared to the current share price 196.00

Last 5 Year EPS CAGR: 62.09%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 24.55, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -16.36, which is a positive sign.
  3. The company has shown consistent growth in sales (27.50 cr) and profit (12.17 cr) over the years.
  1. The stock has a low average ROCE of 10.82%, which may not be favorable.
  2. The company has higher borrowings (21,970.92) compared to reserves (6,973.08), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ashok Leyland Ltd:
    1. Net Profit Margin: 5.85%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.46% (Industry Average ROCE: 19.46%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 27.58% (Industry Average ROE: 30.29%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.93
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.94
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 20.6 (Industry average Stock P/E: 25.1)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 4.51
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

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. Currently Company 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.
INDUSTRYADDRESSCONTACT
Auto - LCVs/HCVsNo.1, Sardar Patel Road, Guindy, Chennai (Madras) Tamil Nadu 600032secretarial@ashokleyland.com
http://www.ashokleyland.com
Management
NamePosition Held
Mr. Dheeraj G HindujaExecutive Chairman
Mr. Shenu AgarwalManaging Director & CEO
Mr. Gopal MahadevanWholeTime Director & CFO
Mr. Shom Ashok HindujaDirector
Dr. Andreas H BiagoschDirector
Mr. Jean BrunolDirector
Mr. Sanjay K AsherDirector
Mr. Manisha GirotraDirector
Mr. Jose Maria AlapontDirector
Mr. Saugata GuptaDirector
Dr. C Bhaktavatsala RaoDirector

FAQ

What is the latest intrinsic value of Ashok Leyland Ltd?

The latest intrinsic value of Ashok Leyland Ltd as on 13 March 2025 is 168.30, which is 14.13% lower than the current market price of ₹196.00, indicating the stock is overvalued by 14.13%. The intrinsic value of Ashok Leyland Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹57,703 Cr. and recorded a high/low of ₹265/158 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹10,018 Cr and total liabilities of ₹70,600 Cr.

What is the Market Cap of Ashok Leyland Ltd?

The Market Cap of Ashok Leyland Ltd is 57,703 Cr..

What is the current Stock Price of Ashok Leyland Ltd as on 13 March 2025?

The current stock price of Ashok Leyland Ltd as on 13 March 2025 is ₹196.

What is the High / Low of Ashok Leyland Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ashok Leyland Ltd stocks is ₹265/158.

What is the Stock P/E of Ashok Leyland Ltd?

The Stock P/E of Ashok Leyland Ltd is 20.6.

What is the Book Value of Ashok Leyland Ltd?

The Book Value of Ashok Leyland Ltd is 35.1.

What is the Dividend Yield of Ashok Leyland Ltd?

The Dividend Yield of Ashok Leyland Ltd is 2.45 %.

What is the ROCE of Ashok Leyland Ltd?

The ROCE of Ashok Leyland Ltd is 15.0 %.

What is the ROE of Ashok Leyland Ltd?

The ROE of Ashok Leyland Ltd is 28.4 %.

What is the Face Value of Ashok Leyland Ltd?

The Face Value of Ashok Leyland Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ashok Leyland Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE