Ashok Leyland Stock Forecast

Stock Price Forecast

According to 34 analysts polled by S&P Global, Ashok Leyland stock has a consensus rating of "Buy" and an average price target of ₹182.73. The average 1-year stock price forecast is 15.32% higher than the current stock price, while the lowest is ₹155.00 (-2.18%) and the highest is ₹250.00 (+57.78%).

Price Target: ₹182.73 (+15.32%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹155.00	₹182.73	₹182.00	₹250.00
Change	-2.18%	+15.32%	+14.86%	+57.78%

Analyst Ratings

The average analyst rating for Ashok Leyland stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	18	15	13	15	16	15
Buy	10	9	8	8	6	6
Hold	7	11	12	10	11	12
Sell	2	1	1	1	1	1
Strong Sell	0	1	1	0	0	0
Total	37	37	35	34	34	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Amyn Pirani J.P. Morgan	J.P. Morgan	Hold Maintains ₹175.00	Hold	Maintains	₹175.00	+10.44%	May 29, 2026
Andrew Percoco Morgan Stanley	Morgan Stanley	Hold Maintains ₹227.00	Hold	Maintains	₹227.00	+43.26%	Feb 13, 2026
Unknown Analyst ICICI Securities No rating	ICICI Securities	Hold Maintains ₹225.00	Hold	Maintains	₹225.00	+42.00%	Feb 12, 2026
Unknown Analyst Axis Direct No rating	Axis Direct	Buy Maintains ₹230.00	Buy	Maintains	₹230.00	+45.16%	Feb 12, 2026

Financial Forecast

Revenue This Year

477.00B

from 563.62B

-15.37%

from 563.62B

Revenue Next Year

520.85B

from 477.00B

9.19%

from 477.00B

EPS This Year

6.94

from 6.51

6.65%

from 6.51

EPS Next Year

8.18

from 6.94

17.77%

from 6.94

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	262.37B	416.73B	457.03B	485.35B	563.62B	477.00B
Revenue Growth	34.87%	58.83%	9.67%	6.20%	16.13%	-15.37%
Gross Profit	81.82B	128.54B	164.74B	188.56B	225.06B	131.37B
Gross Margin	31.18%	30.84%	36.05%	38.85%	39.93%	27.54%
Operating Income	18.99B	41.93B	75.01B	87.73B	108.42B	52.83B
Net Income	-3.59B	12.39B	24.84B	31.07B	34.71B	40.71B
EPS	-	-	-	-	6.51	6.94
EPS Growth	-	-	-	-	18.56%	6.65%
Forward PE	-	-	-	-	-	22.82
Dividend / Share	0.50	1.30	2.48	3.13	3.50	3.59
Dividend Growth	-	160.00%	90.38%	26.26%	12.00%	2.58%
Free Cash Flow	15.70B	-15.79B	-236.40M	30.87B	-141.56M	38.28B
No. Analysts	-	-	-	-	-	32

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	506.1B
Avg	477.0B
Low	457.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	-10.2%
Avg	-15.4%
Low	-18.9%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	6.94
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	6.7%
Low	-