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Ashok Leyland share Price Today

Company details

174.40
176.80
136.00
191.50
6M Return 3.55%
1Y Return 29.39%
Mkt Cap.(Cr) 51,840.85
Volume 4,010,767
Div Yield 1.49%
OI
-
OI Chg %
-
Volume 4,010,767

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Commercial Vehicles company Ashok Leyland announced Q3FY24 results:

Financial Performance:
- Ashok Leyland reported an EBITDA of Rs 1,114 crore at a rate of 12.0% for Q3FY24, an increase from Rs 797 crore at 8.8% in Q3FY23.
- Net profit soared to Rs 580 crore, marking a 60% increase over the same quarter in the previous fiscal year.
- Revenues climbed to Rs 9,273 crore in Q3FY24, up 2.7% from Rs 9,030 crore in Q3FY23.

Sales Performance:
- Achieved a historic high in Commercial Vehicle (CV) sales volume with 1,38,416 units in the first nine months of the fiscal year.
- Export volume saw a growth of 6.5%, with 3,128 units sold in Q3FY24 compared to 2,936 units in the same period last year.

Financial Position:
- Debt levels were at Rs 1,747 crore at the end of Q3FY24, with a debt-equity ratio of 0.2 times, an improvement from 0.3 times at the end of the previous quarter.
- The company made an investment of Rs 662 crore into Optare PLC/Switch during the current quarter.

Product Highlights:
- Ashok Leyland remains the leading manufacturer of Buses in India, receiving orders for over 3,800 buses from State Transport Undertakings.
- Introduced the first Electric 55T Tractor - Trailer and the first 14T Boss Electric Truck at the Bharat Mobility Global Expo in New Delhi.

Dheeraj Hinduja, Executive Chairman, stated: "The present favourable market conditions are expected to hold in the foreseeable future. The steady progress we are making in sales volume and profitability is backed by products that deliver superior performance and customer value coupled with robust customer engagement across segments. A suite of new products in conventional and alternate propulsion technologies is slated for introduction progressively to consolidate our gains in the domestic market and facilitate our forays in overseas markets."

Shenu Agarwal, Managing Director & CEO, commented: “We have been able to achieve significant improvement in our Net Profits. The current quarter saw the confluence of good volumes, better price realization, and higher cost savings, thus helping us achieve better profitability. Other businesses such as After-market, Power Solutions, and Defence also continue to strongly contribute to our top line and margins. On the back of new differentiated products, a deeper focus on cost optimization, and continued discipline on pricing, we shall relentlessly pursue improvement in profitability. We remain confident and optimistic about the growth of the CV industry in the medium and long term as macroeconomic factors continue to be favorable."

 

 

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Ashok Leyland shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (5)

  • Promoters increased pledged shares QoQ
  • Companies with High Debt
  • MFs decreased their shareholding last quarter

Opportunity (1)

  • Positive Breakout Second Resistance ( LTP > R2)

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 175.5
R2 176.3
R3 177.7
Pivot

174.12

S1 173.3
S2 171.9
S3 171.1
EMA SMA
172.9
172.3
172.6
170.4
173.2
171.4
173.6
175.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-08-31 184.23 33943 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-08-31 183.83 60345844 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 147.75 2369069 NSE
Name Category Shares
HINDUJA AUTOMOTIVE LIMITED PROMOTER 35%
CITIBANK N.A. NEW YORK, NYADR DEPARTMENT PROMOTER 11.3%
HINDUJA BANK (SWITZERLAND) LTD (BENEFICIARY - HINDUJA AUTOMOTIVE LIMITED) PROMOTER 4.97%

OUR RESEARCH VIEW

Investment recommendation
Stepping up play in EV domain, double digit margins and healthy Bus order wins also bode well…
Call Date
06 Feb 2024
Entry Price 180.00
Target Price 225.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ashok Leyland Stocks Comparison

Financials( in Cr) Ashok Leyland Ltd Maruti Suzuki India Ltd Tata Motors Ltd Mahindra & Mahindra Ltd Bajaj Auto Ltd
Price 176.55 12,983.85 990.00 2,075.85 8,800.00
% Change 1.09 -0.10 0.33 0.64 0.05
Mcap Cr 51,840.85 408,216.14 329,050.16 258,137.97 245,678.40
Revenue TTM Cr 42,291.70 117,571.30 345,966.97 121,268.55 36,455.38
Net Profit TTM Cr 1,361.66 8,211.00 2,353.49 11,374.48 6,060.21
PE TTM 21.75 33.52 16.26 23.05 31.85
1 Year Return 29.39 53.36 108.33 71.88 103.13
ROCE 11.98 13.92 5.32 13.71 26.47
ROE 17.17 11.52 5.52 21.98 20.47
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,553.89 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84

Ashok Leyland Information

Stock PE (TTM)
21.75
Promoter Holding
51.11%
Book Value
30.2327
ROCE
11.98%
ROE
17.17%
Description
  • Ashok Leyland Ltd. is an Indian multinational automotive manufacturer. It is a public limited company with headquarters in Chennai. The company was incorporated in 1948 as Ashok Motors, and in 1955, it became Ashok Leyland. The consolidated total income recorded in March 2022 was Rs. 9,957.95 crore. This was higher than the previous quarter by 49.16%. The company has a market capitalisation worth Rs. 38,264 crore as of 20 May, 2022.

    Ashok Leyland is listed on the Bombay Stock Exchange with the code 500477 and on the National Stock Exchange with the code ASHOKLEY.

    The company is involved in the manufacturing and sale of passenger, commercial, and defence vehicles, and power solutions. The product catalogue includes light, medium, and heavy commercial vehicles, such as lorries, vans, over-the-road tractors for semitrailers, haulage, and trippers. Its range of power solution systems includes industrial engines, agricultural engines, marine engines, and diesel generators. It provides buses for school, college, intercity, and city transportation.

    The owner of the company is the Hinduja Group. The present management includes Mr Dheeraj G Hinduja as the chairman, Mr Vipin Sondhi as the managing director & CEO, Gopal Mahadevan as the wholetime director & CFO, Mr Anuj Kathuria as the chief operating officer, and Mr Nitin Seth as the chief operating officer. The company’s board of directors comprise Mr Jose Maria Alapont, Mr Jean Brunol, Mr Andrew C Palmer, Mr Andreas H Biagosch, and Mr C Bhaktavatsala Rao. As of March 2022, the promoter stake in the company is 51.54%.

    On 20 May 2022, Ashok Leyland share price in NSE was trending at Rs. 130.35 per Ashok Leyland share. The Ashok Leyland share price in BSE was Rs. 130.30 on the same day. The 52-week high for Ashok Leyland share price was Rs. 153.40, and the 52-week low for Ashokley share price was Rs. 93.20. Ashok Leyland share price on 20 May 2022 was up by 6.06% from the previous day’s share price of Rs. 126.40.

    Ashok Leyland has invested in four mutual funds. The percentage of Assets Under Management (AUM) is 3% in PGIM India Midcap Opportunities Fund Direct Growth, 2.50% in Sundaram Focused Fund Direct Growth, 2.33% in Sundaram Multi-Cap Fund Direct Growth, and 2.27% in Edelweiss Mid Cap Direct Plan Growth.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

No 1 Sardar Patel Road, Guindy, Chennai, Tamil Nadu, 600032

Tel : 91-44-22206000
Email : secretarial:ashokleyland.com; reachus:ashokleyland
Website : http://www.ashokleyland.com
Registrar

Integrated Registry Mgt Servic

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500477
NSE Code : ASHOKLEY
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE208A01029

ASHOK LEYLAND SHARES FAQS

You can buy Ashok Leyland Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ashok Leyland Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 24, 2024 11:34 AM the closing price of Ashok Leyland Ltd was ₹ 176.55.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 24, 2024 11:34 AM, the market cap of Ashok Leyland Ltd stood at ₹ 51,840.85.

The latest PE ratio of Ashok Leyland Ltd as of Apr 24, 2024 11:34 AM is 21.75

The latest PB ratio of Ashok Leyland Ltd as of Apr 24, 2024 11:34 AM is 0.17

The 52-week high of Ashok Leyland Ltd share price is ₹ 191.50 while the 52-week low is ₹ 136.00

According to analyst recommendations, Ashok Leyland Ltd Share has a “Buy” rating for the long term.

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