Ashok Leyland Limited (BOM: 500477)
India
· Delayed Price · Currency is INR | Market Cap | 638.05B |
| Revenue (ttm) | 465.32B |
| Net Income (ttm) | 26.28B |
| Shares Out | n/a |
| EPS (ttm) | 8.94 |
| PE Ratio | 24.28 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | Nov 19, 2024 |
| Volume | 185,512 |
| Open | 220.10 |
| Previous Close | 219.20 |
| Day's Range | 216.50 - 220.10 |
| 52-Week Range | 157.65 - 264.70 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 26, 2024 |
About Ashok Leyland
Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India and internationally. The company offers buses; haulage and ICV trucks, as well as tractors and tippers; light commercial vehicles goods carriers and passenger, as well as small commercial vehicles goods carriers; and defense vehicles comprising logistics, high mobility, armored, and specialist vehicles. It also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts; and... [Read more]
Financial Performance
In 2023, Ashok Leyland's revenue was 457.91 billion, an increase of 9.88% compared to the previous year's 416.73 billion. Earnings were 24.84 billion, an increase of 100.49%.
Financial StatementsNews
Ashok Leyland stock in focus: MSRTC to add 1,300 diesel buses for New Year
The Maharashtra State Road Transport Corporation (MSRTC) has announced the addition of over 1,300 diesel buses to its fleet as a special New Year gift to passengers. This move aims to address the pers...
Ashok Leyland announces price hike up to 3% on commercial vehicles starting January 2025
Ashok Leyland, a flagship company of the Hinduja Group and a leading name in India’s commercial vehicle sector, has announced a price increase of up to 3% across its entire range of commercial vehicle...
Auto stocks decline; Maruti (-1.65%), Hero MotoCorp (-1.72%), Tata Motors (-1.33%) lead losses
Auto stocks witnessed selling pressure during intraday trading as of 11:28 AM, with most major players trading in the red. Key Performances: Eicher Motors: Down 0.13%, trading at ₹4,795.60. Mahindra &...
‘UP offers dynamic business environment’
Uttar Pradesh is emerging as a dynamic business environment, with Ashok Leyland planning to enhance its presence by establishing service points every 25 km along state highways, catering to a signific...
CITI retains Buy call on Ashok Leyland, target at Rs 260
Citi has retained its 'Buy' rating on Ashok Leyland, with a target price of ₹260, despite mixed performance in its November volumes. Domestic commercial vehicle (CV) volumes declined 4% YoY and 11% Mo...
Ashok Leyland shares drop 2% after modest 1% YoY growth in November sales
Ashok Leyland’s shares dropped over 2% following the company’s November 2024 sales report, which showed a modest 1% year-on-year (YoY) growth in total vehicle sales, reaching 14,137 units. While the c...
Ashok Leyland reports 1% YoY growth in total sales for November 2024
Ashok Leyland reported total vehicle sales of 14,137 units in November 2024, reflecting a modest 1% year-on-year (YoY) growth. While domestic sales witnessed a decline, growth in the medium and heavy ...
Ashok Leyland shares rise nearly 2% as company expands light commercial vehicle network in West Bengal
Ashok Leyland shares rise nearly 2% as new LCV dealership opens in West Bengal Shares of Ashok Leyland were trading 1.30% higher at ₹221.75 on the NSE as of 9:50 AM, after the company announced the la...
Ashok Leyland shares jump 3% as Nomura maintains ‘Buy’ rating
Ashok Leyland shares surged by over 3% after Nomura maintained its ‘Buy’ rating, setting a target price of ₹247 per share. Nomura’s latest analysis highlights Ashok Leyland’s robust margins, attributi...
Ashok Leyland share price: Buy, sell, or hold? Here’s what brokerages are saying
Brokerages have mixed views on Ashok Leyland, focusing on expected volume recovery, improving margins, and challenges in the commercial vehicle (CV) segment. Here’s a summary of recommendations and ke...
CLSA downgrades Ashok Leyland to ‘Underperform’ with 15% downside from current stock price
CLSA has downgraded Ashok Leyland to an ‘Underperform’ rating, setting a target price of ₹188 per share, indicating a potential 15% downside from the current market price (CMP) of ₹221.93. The brokera...
Nomura maintains ‘Buy’ rating on Ashok Leyland with 11% upside, target price of Rs 247
Nomura has reiterated its ‘Buy’ rating on Ashok Leyland, adjusting the target price to ₹247 per share, indicating a potential 11% upside from the current market price (CMP) of ₹221.93. The brokerage n...
Jefferies maintains ‘Hold’ rating on Ashok Leyland with 6% upside potential from current market price
Jefferies has reiterated its ‘Hold’ rating on Ashok Leyland, setting a target price of ₹235 per share, indicating a potential 6% upside from the current market price (CMP) of ₹221.93. The brokerage an...
Morgan Stanley maintains ‘Overweight’ rating on Ashok Leyland with 21% upside from current share price
Morgan Stanley has reiterated its ‘Overweight’ rating on Ashok Leyland, adjusting the target price to ₹268 per share, indicating a potential 21% upside from the current market price (CMP) of ₹221.93. ...
Kotak Institutional Equities upgrades Ashok Leyland to ‘Add’ with 6% upside potential
Kotak Institutional Equities has upgraded Ashok Leyland to an ‘Add’ rating, setting a target price of ₹235 per share, indicating a potential 6% upside from the current market price (CMP) of ₹221.93. T...
Citi maintains ‘Buy’ rating on Ashok Leyland with 17% upside from CMP
Citi has reiterated its ‘Buy’ rating on Ashok Leyland, setting a target price of ₹260 per share, indicating a potential 17% upside from the current market price (CMP) of ₹221.93. The brokerage notes t...
JPMorgan maintains ‘Overweight’ rating on Ashok Leyland with 13% upside from CMP
JPMorgan has reiterated its ‘Overweight’ rating on Ashok Leyland, setting a target price of ₹250 per share, indicating a potential 13% upside from the current market price (CMP) of ₹221.93. The broker...
Ashok Leyland declares interim dividend of ₹2 per share
Ashok Leyland has declared an interim dividend of ₹2 per equity share for the fiscal year 2024-25, with the payment scheduled to be made on or before December 7, 2024. The record date to determine eli...
Ashok Leyland Q2 FY25 Earnings: Revenue flat at ₹11,147.58 crore
Ashok Leyland has reported its financial results for the quarter ending September 30, 2024, highlighting a strong performance driven by operational efficiencies and strategic initiatives. Revenue from...
Ashok Leyland Q2 results: Stock drops 2% ahead of result announcement
Ashok Leyland, a leading commercial vehicle manufacturer in India, saw its shares decline by more than 2% ahead of the company’s Q2 earnings report. The stock opened today at ₹215.90, reaching a high ...
Ashok Leyland shares slip 3% after weak October sales performance
Ashok Leyland’s shares fell by 3% following the release of October 2024 sales data, which showed a year-on-year (YoY) decline. The company reported total sales of 15,310 units for the month, down from...
Ashok Leyland October sales decline YoY to 15,310 units – Know More
Ashok Leyland reported total sales of 15,310 units in October 2024, down from 16,864 units in October 2023, marking a year-on-year (YoY) decline. The sales missed estimates, which were set at 16,110 u...
Ashok Leyland shares rise nearly 2% after subsidiary secures order for 500 electric buses from MTC, Chennai
Ashok Leyland, a leading commercial vehicle manufacturer and part of the Hinduja Group, saw its shares rise by nearly 2% after its subsidiary, OHM Global Mobility, secured a significant order for 500 ...
Ashok Leyland subsidiary secures major order for 500 electric buses from MTC Chennai
Ashok Leyland has achieved a significant milestone in the electric vehicle space. Its subsidiary, OHM Global Mobility, has successfully bagged an order for 500 ultra-low floor electric buses from the ...