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Last Updated on: 26 October, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500477 | NSE: ASHOKLEY

Ashok Leyland Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: October 26, 2025, 8:00 am

Market Cap 80,090 Cr.
Current Price 136
High / Low 144/95.2
Stock P/E25.1
Book Value 20.8
Dividend Yield2.29 %
ROCE14.3 %
ROE28.8 %
Face Value 1.00
PEG Ratio0.52

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 21,534 Cr. 16,343 22,000/6,12535.6 2,3020.24 %30.0 %20.8 % 10.0
SML ISUZU Ltd 4,164 Cr. 2,878 4,745/1,02829.4 3070.63 %27.1 %36.4 % 10.0
Olectra Greentech Ltd 11,597 Cr. 1,413 1,714/97482.3 1280.03 %20.5 %14.3 % 4.00
Tata Motors Ltd 1,47,974 Cr. 402 538/3246.84 3161.49 %20.0 %28.1 % 2.00
Ashok Leyland Ltd 80,090 Cr. 136 144/95.225.1 20.82.29 %14.3 %28.8 % 1.00
Industry Average53,071.80 Cr4,234.4035.85614.760.94%22.38%25.68%5.40

All Competitor Stocks of Ashok Leyland Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 8,4709,60010,40013,2039,69111,42911,09313,54210,72411,14811,99514,69611,709
Expenses 7,7018,5809,05511,2458,1839,5599,13110,9758,8569,1089,65911,7059,535
Operating Profit 7701,0201,3441,9581,5091,8701,9612,5671,8682,0402,3362,9912,173
OPM % 9%11%13%15%16%16%18%19%17%18%19%20%19%
Other Income 532369753-14610362457522103
Interest 4674995455826557157838299049621,0111,0531,112
Depreciation 212209220259227227241233235244268340273
Profit before tax 963446151,2146799279841,5167651,0781,1321,621891
Tax % 77%46%43%34%14%39%38%38%28%29%28%23%26%
Net Profit 221863518035845696099345517678201,246658
EPS in Rs 0.010.280.541.280.930.900.951.450.871.201.301.921.04

Last Updated: August 20, 2025, 1:30 pm

Below is a detailed analysis of the quarterly data for Ashok Leyland Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 11,709.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14,696.00 Cr. (Mar 2025) to 11,709.00 Cr., marking a decrease of 2,987.00 Cr..
  • For Expenses, as of Jun 2025, the value is 9,535.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 11,705.00 Cr. (Mar 2025) to 9,535.00 Cr., marking a decrease of 2,170.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 2,173.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,991.00 Cr. (Mar 2025) to 2,173.00 Cr., marking a decrease of 818.00 Cr..
  • For OPM %, as of Jun 2025, the value is 19.00%. The value appears to be declining and may need further review. It has decreased from 20.00% (Mar 2025) to 19.00%, marking a decrease of 1.00%.
  • For Other Income, as of Jun 2025, the value is 103.00 Cr.. The value appears strong and on an upward trend. It has increased from 22.00 Cr. (Mar 2025) to 103.00 Cr., marking an increase of 81.00 Cr..
  • For Interest, as of Jun 2025, the value is 1,112.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,053.00 Cr. (Mar 2025) to 1,112.00 Cr., marking an increase of 59.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 273.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 340.00 Cr. (Mar 2025) to 273.00 Cr., marking a decrease of 67.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 891.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,621.00 Cr. (Mar 2025) to 891.00 Cr., marking a decrease of 730.00 Cr..
  • For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 23.00% (Mar 2025) to 26.00%, marking an increase of 3.00%.
  • For Net Profit, as of Jun 2025, the value is 658.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,246.00 Cr. (Mar 2025) to 658.00 Cr., marking a decrease of 588.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 1.04. The value appears to be declining and may need further review. It has decreased from 1.92 (Mar 2025) to 1.04, marking a decrease of 0.88.

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: October 15, 2025, 5:41 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 11,85915,70821,26022,87129,63633,19721,95119,45426,23741,67345,79142,33349,547
Expenses 11,43714,19118,28119,82625,38728,28718,71816,99223,47236,58037,84839,32740,007
Operating Profit 4221,5172,9793,0454,2484,9103,2332,4622,7655,0937,9433,0069,540
OPM % 4%10%14%13%14%15%15%13%11%12%17%7%19%
Other Income 613-106-32140619013957207-230166736,607445
Interest 8058729251,0491,2271,5021,8021,9011,8692,0942,9823,9304,138
Depreciation 5305805245736466767508368669009271,0871,125
Profit before tax -300-421,2091,8292,5652,872739-67-2002,2654,1064,5964,722
Tax % -23%415%41%11%29%24%38%4%43%40%34%26%
Net Profit -222-2057121,6331,8142,195460-70-2851,3592,6963,3833,490
EPS in Rs -0.310.241.202.793.013.540.57-0.28-0.612.114.235.295.46
Dividend Payout % 0%96%40%28%40%44%44%-107%-82%62%59%59%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)7.66%447.32%129.35%11.08%21.00%-79.04%-115.22%-307.14%576.84%98.38%25.48%
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%-72.90%

Ashok Leyland Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:14%
3 Years:17%
TTM:6%
Compounded Profit Growth
10 Years:20%
5 Years:54%
3 Years:284%
TTM:28%
Stock Price CAGR
10 Years:12%
5 Years:30%
3 Years:16%
1 Year:2%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:25%
Last Year:29%

Last Updated: September 4, 2025, 11:45 pm

Balance Sheet

Last Updated: July 25, 2025, 3:34 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 266285285285293294294294294294294294
Reserves 3,7234,2274,9796,1087,1288,4527,4957,5687,0108,2588,71111,938
Borrowings 8,5009,07011,05413,16815,79119,16822,41724,07724,14531,16140,80249,962
Other Liabilities 5,0356,0115,8067,04810,17111,2127,92410,11912,12514,98417,78819,352
Total Liabilities 17,52419,59222,12326,60933,38339,12638,13042,05843,57454,69767,59581,546
Fixed Assets 7,5736,5295,8906,5916,5966,6958,0318,4847,8958,1468,1578,837
CWIP 29721687244439678574336240268415577
Investments 1,1651,4991,0311,9334,3831,4929601,0962,6524,8522,3296,610
Other Assets 8,49111,34815,11517,84121,96530,26128,56532,14332,78741,43056,69565,523
Total Assets 17,52419,59222,12326,60933,38339,12638,13042,05843,57454,69767,59581,546

Below is a detailed analysis of the balance sheet data for Ashok Leyland Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, 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 Mar 2025, the value is 11,938.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,711.00 Cr. (Mar 2024) to 11,938.00 Cr., marking an increase of 3,227.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 49,962.00 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 49,962.00 Cr., marking an increase of 9,160.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 19,352.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17,788.00 Cr. (Mar 2024) to 19,352.00 Cr., marking an increase of 1,564.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 81,546.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 67,595.00 Cr. (Mar 2024) to 81,546.00 Cr., marking an increase of 13,951.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 8,837.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,157.00 Cr. (Mar 2024) to 8,837.00 Cr., marking an increase of 680.00 Cr..
  • For CWIP, as of Mar 2025, the value is 577.00 Cr.. The value appears strong and on an upward trend. It has increased from 415.00 Cr. (Mar 2024) to 577.00 Cr., marking an increase of 162.00 Cr..
  • For Investments, as of Mar 2025, the value is 6,610.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,329.00 Cr. (Mar 2024) to 6,610.00 Cr., marking an increase of 4,281.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 65,523.00 Cr.. The value appears strong and on an upward trend. It has increased from 56,695.00 Cr. (Mar 2024) to 65,523.00 Cr., marking an increase of 8,828.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 81,546.00 Cr.. The value appears strong and on an upward trend. It has increased from 67,595.00 Cr. (Mar 2024) to 81,546.00 Cr., marking an increase of 13,951.00 Cr..

However, the Borrowings (49,962.00 Cr.) are higher than the Reserves (11,938.00 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 - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow414.00-8.00-9.00-10.00-11.00-15.00-19.00-22.00-22.00-26.00-33.00-46.00

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 2024Mar 2025
Debtor Days433125201430255745373529
Inventory Days695850734252427653445049
Days Payable1161087185968890162150968599
Cash Conversion Cycle-5-1958-39-6-22-30-52-16-0-21
Working Capital Days-45-41-23-21-54-13-31-44-52-34-50-37
ROCE %8%17%15%17%16%9%5%6%11%15%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Jul 2025
Promoters51.53%51.53%51.53%51.53%51.53%51.52%51.52%51.52%51.52%51.52%51.52%51.52%
FIIs15.29%14.85%16.59%20.21%20.48%21.45%22.03%24.39%24.09%23.50%23.85%24.02%
DIIs21.16%22.15%20.79%16.51%14.66%12.23%14.12%12.34%13.04%14.06%13.88%13.61%
Government0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.08%
Public11.94%11.40%11.02%11.66%13.25%14.72%12.24%11.66%11.28%10.84%10.67%10.77%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.81%
No. of Shareholders11,30,37211,18,10710,99,98212,06,48213,39,74414,91,39714,75,87414,59,21214,56,04814,44,99813,92,22314,12,491

Shareholding Pattern Chart

No. of Shareholders

Ashok Leyland Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Balanced Advantage Fund 18,247,500 1.17 320.9718,247,5002025-04-22 17:25:420%
Kotak Equity Opportunities Fund - Regular Plan 16,500,000 1.58 290.2416,500,0002025-04-22 17:25:420%
Canara Robeco Emerging Equities 15,619,515 1.38 274.7515,619,5152025-04-22 17:25:420%
Nippon India Growth Fund 12,500,000 0.9 219.8812,500,0002025-04-22 17:25:420%
Kotak Flexicap Fund - Regular Plan 11,500,000 0.46 202.2911,500,0002025-04-22 14:53:350%
Kotak Equity Arbitrage Fund - Regular Plan 11,340,000 0.55 199.4711,340,0002025-04-22 17:25:420%
SBI Large & Midcap Fund 11,000,000 0.97 193.4911,000,0002025-04-22 17:25:420%
SBI Contra Fund 10,441,072 0.78 183.6610,441,0722025-04-22 17:25:420%
UTI Mid Cap Fund 8,511,102 1.49 149.718,511,1022025-04-22 17:25:420%
ICICI Prudential Balanced Advantage Fund 7,614,666 0.25 133.947,614,6662025-04-22 17:25:420%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 10.588.464.23-1.22-0.56
Diluted EPS (Rs.) 10.568.454.22-1.22-0.56
Cash EPS (Rs.) 15.1112.297.671.952.61
Book Value[Excl.RevalReserv]/Share (Rs.) 41.6640.2336.7829.2631.10
Book Value[Incl.RevalReserv]/Share (Rs.) 41.6640.2336.7829.2631.10
Revenue From Operations / Share (Rs.) 165.28155.95141.9389.3866.27
PBDIT / Share (Rs.) 32.5827.5317.729.728.84
PBIT / Share (Rs.) 28.8824.3714.666.775.99
PBT / Share (Rs.) 15.5413.937.69-0.70-0.22
Net Profit / Share (Rs.) 11.419.134.60-0.99-0.23
NP After MI And SOA / Share (Rs.) 10.588.464.23-1.22-0.56
PBDIT Margin (%) 19.7017.6512.4810.8713.33
PBIT Margin (%) 17.4715.6210.327.569.03
PBT Margin (%) 9.408.935.41-0.78-0.34
Net Profit Margin (%) 6.905.853.24-1.11-0.35
NP After MI And SOA Margin (%) 6.405.422.97-1.36-0.84
Return on Networth / Equity (%) 25.3927.5814.50-4.90-2.10
Return on Capital Employeed (%) 15.3717.4613.337.946.80
Return On Assets (%) 3.803.672.26-0.82-0.39
Long Term Debt / Equity (X) 2.972.962.282.091.98
Total Debt / Equity (X) 4.064.513.613.282.31
Asset Turnover Ratio (%) 0.640.740.840.690.54
Current Ratio (X) 1.291.091.080.990.98
Quick Ratio (X) 1.140.940.920.860.82
Inventory Turnover Ratio (X) 12.147.589.456.966.04
Dividend Payout Ratio (NP) (%) 18.9089.2623.65-49.110.00
Dividend Payout Ratio (CP) (%) 14.0064.9913.7134.710.00
Earning Retention Ratio (%) 81.1010.7476.35149.110.00
Cash Earning Retention Ratio (%) 86.0035.0186.2965.290.00
Interest Coverage Ratio (X) 2.432.712.491.531.36
Interest Coverage Ratio (Post Tax) (X) 1.851.931.621.020.92
Enterprise Value (Cr.) 106013.7686549.0371834.3657544.9250957.36
EV / Net Operating Revenue (X) 2.181.891.722.192.62
EV / EBITDA (X) 11.0810.7113.8020.1819.65
MarketCap / Net Operating Revenue (X) 1.241.100.981.311.71
Retention Ratios (%) 81.0910.7376.34149.110.00
Price / BV (X) 4.905.584.784.714.24
Price / Net Operating Revenue (X) 1.241.100.981.311.71
EarningsYield 0.050.040.03-0.010.00

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 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 10.58. This value is within the healthy range. It has increased from 8.46 (Mar 24) to 10.58, marking an increase of 2.12.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 10.56. This value is within the healthy range. It has increased from 8.45 (Mar 24) to 10.56, marking an increase of 2.11.
  • For Cash EPS (Rs.), as of Mar 25, the value is 15.11. This value is within the healthy range. It has increased from 12.29 (Mar 24) to 15.11, marking an increase of 2.82.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 41.66. It has increased from 40.23 (Mar 24) to 41.66, marking an increase of 1.43.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 41.66. It has increased from 40.23 (Mar 24) to 41.66, marking an increase of 1.43.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 165.28. It has increased from 155.95 (Mar 24) to 165.28, marking an increase of 9.33.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 32.58. This value is within the healthy range. It has increased from 27.53 (Mar 24) to 32.58, marking an increase of 5.05.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 28.88. This value is within the healthy range. It has increased from 24.37 (Mar 24) to 28.88, marking an increase of 4.51.
  • For PBT / Share (Rs.), as of Mar 25, the value is 15.54. This value is within the healthy range. It has increased from 13.93 (Mar 24) to 15.54, marking an increase of 1.61.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 11.41. This value is within the healthy range. It has increased from 9.13 (Mar 24) to 11.41, marking an increase of 2.28.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 10.58. This value is within the healthy range. It has increased from 8.46 (Mar 24) to 10.58, marking an increase of 2.12.
  • For PBDIT Margin (%), as of Mar 25, the value is 19.70. This value is within the healthy range. It has increased from 17.65 (Mar 24) to 19.70, marking an increase of 2.05.
  • For PBIT Margin (%), as of Mar 25, the value is 17.47. This value is within the healthy range. It has increased from 15.62 (Mar 24) to 17.47, marking an increase of 1.85.
  • For PBT Margin (%), as of Mar 25, the value is 9.40. This value is below the healthy minimum of 10. It has increased from 8.93 (Mar 24) to 9.40, marking an increase of 0.47.
  • For Net Profit Margin (%), as of Mar 25, the value is 6.90. This value is within the healthy range. It has increased from 5.85 (Mar 24) to 6.90, marking an increase of 1.05.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.40. This value is below the healthy minimum of 8. It has increased from 5.42 (Mar 24) to 6.40, marking an increase of 0.98.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 25.39. This value is within the healthy range. It has decreased from 27.58 (Mar 24) to 25.39, marking a decrease of 2.19.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 15.37. This value is within the healthy range. It has decreased from 17.46 (Mar 24) to 15.37, marking a decrease of 2.09.
  • For Return On Assets (%), as of Mar 25, the value is 3.80. This value is below the healthy minimum of 5. It has increased from 3.67 (Mar 24) to 3.80, marking an increase of 0.13.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 2.97. This value exceeds the healthy maximum of 1. It has increased from 2.96 (Mar 24) to 2.97, marking an increase of 0.01.
  • For Total Debt / Equity (X), as of Mar 25, the value is 4.06. This value exceeds the healthy maximum of 1. It has decreased from 4.51 (Mar 24) to 4.06, marking a decrease of 0.45.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.64. It has decreased from 0.74 (Mar 24) to 0.64, marking a decrease of 0.10.
  • For Current Ratio (X), as of Mar 25, the value is 1.29. This value is below the healthy minimum of 1.5. It has increased from 1.09 (Mar 24) to 1.29, marking an increase of 0.20.
  • For Quick Ratio (X), as of Mar 25, the value is 1.14. This value is within the healthy range. It has increased from 0.94 (Mar 24) to 1.14, marking an increase of 0.20.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 12.14. This value exceeds the healthy maximum of 8. It has increased from 7.58 (Mar 24) to 12.14, marking an increase of 4.56.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 18.90. This value is below the healthy minimum of 20. It has decreased from 89.26 (Mar 24) to 18.90, marking a decrease of 70.36.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 14.00. This value is below the healthy minimum of 20. It has decreased from 64.99 (Mar 24) to 14.00, marking a decrease of 50.99.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 81.10. This value exceeds the healthy maximum of 70. It has increased from 10.74 (Mar 24) to 81.10, marking an increase of 70.36.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 86.00. This value exceeds the healthy maximum of 70. It has increased from 35.01 (Mar 24) to 86.00, marking an increase of 50.99.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 2.43. This value is below the healthy minimum of 3. It has decreased from 2.71 (Mar 24) to 2.43, marking a decrease of 0.28.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.85. This value is below the healthy minimum of 3. It has decreased from 1.93 (Mar 24) to 1.85, marking a decrease of 0.08.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 106,013.76. It has increased from 86,549.03 (Mar 24) to 106,013.76, marking an increase of 19,464.73.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.18. This value is within the healthy range. It has increased from 1.89 (Mar 24) to 2.18, marking an increase of 0.29.
  • For EV / EBITDA (X), as of Mar 25, the value is 11.08. This value is within the healthy range. It has increased from 10.71 (Mar 24) to 11.08, marking an increase of 0.37.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.24. This value is within the healthy range. It has increased from 1.10 (Mar 24) to 1.24, marking an increase of 0.14.
  • For Retention Ratios (%), as of Mar 25, the value is 81.09. This value exceeds the healthy maximum of 70. It has increased from 10.73 (Mar 24) to 81.09, marking an increase of 70.36.
  • For Price / BV (X), as of Mar 25, the value is 4.90. This value exceeds the healthy maximum of 3. It has decreased from 5.58 (Mar 24) to 4.90, marking a decrease of 0.68.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.24. This value is within the healthy range. It has increased from 1.10 (Mar 24) to 1.24, marking an increase of 0.14.
  • For EarningsYield, as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.05, 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 October 26, 2025 is: 123.04

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 October 26, 2025, Ashok Leyland Ltd is Overvalued by 9.53% compared to the current share price 136.00

Intrinsic Value of Ashok Leyland Ltd as of October 26, 2025 is: 181.94

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 October 26, 2025, Ashok Leyland Ltd is Undervalued by 33.78% compared to the current share price 136.00

Last 5 Year EPS CAGR: 47.87%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -37.08, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -16.42, which is a positive sign.
  3. The company has shown consistent growth in sales (28.77 cr) and profit (11.54 cr) over the years.
  1. The stock has a low average ROCE of 11.08%, which may not be favorable.
  2. The company has higher borrowings (22,442.92) compared to reserves (7,133.08), 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: 6.9%
      • 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: 15.37% (Industry Average ROCE: 22.38%)
      • 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%: 25.39% (Industry Average ROE: 25.68%)
      • 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): 1.85
      • 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: 1.14
      • 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: 25.1 (Industry average Stock P/E: 35.85)
      • 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: 4.06
      • 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. 38752.74 Cr. and Equity Capital is Rs. 293.65 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - LCVs/HCVsNo.1, Sardar Patel Road, Guindy, Chennai (Madras) Tamil Nadu 600032reachus@ashokleyland.com
http://www.ashokleyland.com
Management
NamePosition Held
Mr. Dheeraj G HindujaExecutive Chairman
Mr. Shenu AgarwalManaging Director & CEO
Mr. Shom Ashok HindujaDirector
Ms. Sanjay K AsherDirector
Mr. Manisha GirotraDirector
Mr. Gopal MahadevanDirector
Mr. Jose Maria AlapontDirector
Mr. Saugata GuptaDirector
Dr. C Bhaktavatsala RaoDirector
Dr. V SumantranDirector
Mr. Thomas DaunerDirector
Mr. Sven Christoph EnnerstDirector

FAQ

What is the intrinsic value of Ashok Leyland Ltd?

Ashok Leyland Ltd's intrinsic value (as of 26 October 2025) is 123.04 which is 9.53% lower the current market price of 136.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 80,090 Cr. market cap, FY2025-2026 high/low of 144/95.2, reserves of ₹11,938 Cr, and liabilities of 81,546 Cr.

What is the Market Cap of Ashok Leyland Ltd?

The Market Cap of Ashok Leyland Ltd is 80,090 Cr..

What is the current Stock Price of Ashok Leyland Ltd as on 26 October 2025?

The current stock price of Ashok Leyland Ltd as on 26 October 2025 is 136.

What is the High / Low of Ashok Leyland Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ashok Leyland Ltd stocks is 144/95.2.

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

The Stock P/E of Ashok Leyland Ltd is 25.1.

What is the Book Value of Ashok Leyland Ltd?

The Book Value of Ashok Leyland Ltd is 20.8.

What is the Dividend Yield of Ashok Leyland Ltd?

The Dividend Yield of Ashok Leyland Ltd is 2.29 %.

What is the ROCE of Ashok Leyland Ltd?

The ROCE of Ashok Leyland Ltd is 14.3 %.

What is the ROE of Ashok Leyland Ltd?

The ROE of Ashok Leyland Ltd is 28.8 %.

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
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