Ashok Leyland (ALL) is a pure-play CV manufacturer domestically, with H1FY23 market share pegged at 17.5%. The company is present in M&HCV trucks and buses as well as LCV goods segments. It also has formidable presence in the e-mobility (Electric buses) domain though Switch Mobility
ALL reported healthy performance in Q3FY23
Commercial vehicles firm Ashok Leyland announced Q3FY23 results:
Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said "We have been able to achieve growth in market share on a Pan India basis together with significant improvement in Net Profits. Our team continues to pursue better realisations even as we expand our market share. This, along with our continued focus on optimising input costs, has helped us achieve better financial performance. The softening of commodity prices has also been positive. The industry continues to grow and has seen strong volumes in Q3FY23 over the same period last year. We remain confident and optimistic about the future as macroeconomic factors continue to be favourable. With our robust product portfolio, we are intensifying our global market expansion strategy."
Equity Capital: 7,303.89 Cr FV: 1.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 15,725.66 | -1,003.75 |
| LAST 3M | 51,799.55 | 7,299.19 |
| LAST 6M | 75,559.40 | 21,383.54 |
| LAST 12M | 170,542.97 | -46,309.01 |
| Date | Action Type | Ratio |
|---|---|---|
| Jul 14, 2022 | Dividend | 100 |
| Aug 31, 2021 | Dividend | 60 |
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.
No 1 Sardar Patel Road, Guindy, Chennai, Tamil Nadu, 600032
| Tel | : | 91-44-22206000 |
| : | secretarial:ashokleyland. | |
| Website | : | http://www.ashokleyland.com |
Integrated Registry Mgt Servic
| AGM Date (Month) | : | Sep |
| Face Value Equity Shares | : | 1 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 500477 |
| NSE Code | : | ASHOKLEY |
| Book Closure Date (Month) | : | Sep |
| BSE Group | : | A |
| ISIN | : | INE208A01029 |
FAQ’s on Ashok Leyland Ltd SharesYou 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 Mar 31, 2023 04:01 PM the closing price of Ashok Leyland Ltd was ₹ 139.15.
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 Mar 31, 2023 04:01 PM, the market cap of Ashok Leyland Ltd stood at ₹ 40,856.21.
The latest PE ratio of Ashok Leyland Ltd as of Mar 31, 2023 04:01 PM is 53.93
The latest PB ratio of Ashok Leyland Ltd as of Mar 31, 2023 04:01 PM is 0.18
The 52-week high of Ashok Leyland Ltd is ₹ 169.40 while the 52-week low is ₹ 113.00
According to analyst recommendations, Ashok Leyland Ltd has a “Buy” rating for the long term.
Invest
