Track Ashok Leyland Ltd live share price with 52 week high and low, chart views, quick fundamentals, business segments, financial statements, ratios, peer comparison, dividends, bonuses/splits and beginner-friendly FAQs.
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Ashok Leyland Ltd is a Hinduja Group company and one of India’s best-known commercial vehicle manufacturers. It serves fleet owners, transport operators, schools, staff transport providers, infrastructure contractors, defence customers and export markets through trucks, buses, light commercial vehicles, engines and mobility solutions.
For customers, the company is evaluated on vehicle uptime, payload suitability, service network, spare parts availability, fuel efficiency, financing support and total cost of ownership. For investors, the same business is evaluated through vehicle volume cycles, market share, operating margin, debt, working capital, return ratios and cash generation.
Ashok Leyland is not a risk-free or recommendation-based stock idea. Commercial vehicle businesses can be cyclical, and the latest quarterly results, annual reports, shareholding pattern and corporate actions should always be checked from official filings.
The share price can react to monthly sales volumes, quarterly margins, raw material costs, bus and truck demand, defence orders, export growth, electric vehicle investments, dividend announcements, debt levels and overall market sentiment toward auto stocks.
Ashok Leyland’s business is easier to understand when users separate the vehicle customer side from the investor side. A fleet owner may focus on uptime and operating cost, while an investor may focus on segment growth, margin and capital intensity.
| Segment | What it includes | Why it matters |
|---|---|---|
| Medium & Heavy Commercial Vehicles | Haulage trucks, tippers, tractors and special application vehicles | Core cyclical business linked to freight, mining and infrastructure demand |
| Buses | School, staff, city, intercity and chassis platforms | Driven by public transport, institutions, corporates and travel operators |
| Light Commercial Vehicles | Small trucks and last-mile delivery vehicles | Serves small businesses, retail distribution and last-mile logistics |
| Defence | Mobility platforms and special vehicles | Adds order-driven revenue with longer execution cycles |
| Power Solutions and Engines | Engines, genset and industrial applications | Diversifies revenue beyond complete vehicle sales |
| International and New Mobility | Exports, electric buses, battery packs and alternate-fuel vehicles | Important for future growth and energy transition |
Ashok Leyland makes money by designing, manufacturing, selling and servicing commercial vehicles and related products. Revenue is driven by vehicle volumes, product mix, pricing, exports, spare parts, defence mobility demand and power solution orders.
The cost structure is influenced by steel, aluminium, tyres, electronic components, emission technology, employee costs, dealer support, financing costs, research and development, warranty costs and capacity utilisation. Operating leverage can help profitability when demand is strong, but the same cyclicality can pressure margins during weak commercial vehicle cycles.
Important monitorables include monthly sales data, M&HCV demand, LCV performance, bus orders, export growth, defence contracts, electric bus progress, alternate fuel launches, working capital movement and free cash flow.
The profit and loss table shows how sales convert into operating profit and net profit. For commercial vehicle companies, margin movement is often as important as sales growth because raw material costs, discounts and product mix can change profitability.
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | ₹45,703 Cr | ₹48,535 Cr | ₹56,362 Cr |
| Expenses | ₹37,848 Cr | ₹39,327 Cr | ₹45,617 Cr |
| Operating Profit | ₹7,856 Cr | ₹9,208 Cr | ₹10,745 Cr |
| OPM | 17% | 19% | 19% |
| Other Income | ₹160 Cr | ₹405 Cr | ₹252 Cr |
| Interest | ₹2,982 Cr | ₹3,930 Cr | ₹4,705 Cr |
| Depreciation | ₹927 Cr | ₹1,087 Cr | ₹1,138 Cr |
| Profit Before Tax | ₹4,106 Cr | ₹4,596 Cr | ₹5,155 Cr |
| Net Profit | ₹2,696 Cr | ₹3,383 Cr | ₹3,721 Cr |
| EPS | ₹4.23 | ₹5.29 | ₹5.91 |
| Dividend Payout | 59% | 59% | 59% |
Financial figures are provided for education and should be cross-checked with the latest annual report, quarterly results and exchange filings.
The balance sheet helps users understand assets, borrowings, reserves and capital structure. In vehicle businesses, debt, working capital and investments can materially influence risk and return ratios.
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | ₹294 Cr | ₹294 Cr | ₹587 Cr |
| Reserves | ₹8,711 Cr | ₹11,938 Cr | ₹13,654 Cr |
| Borrowings | ₹40,802 Cr | ₹49,962 Cr | ₹63,936 Cr |
| Other Liabilities | ₹17,788 Cr | ₹19,352 Cr | ₹22,863 Cr |
| Total Liabilities | ₹67,595 Cr | ₹81,546 Cr | ₹1,01,041 Cr |
| Fixed Assets | ₹8,157 Cr | ₹8,837 Cr | ₹10,826 Cr |
| Capital Work in Progress | ₹415 Cr | ₹577 Cr | ₹549 Cr |
| Investments | ₹2,329 Cr | ₹6,610 Cr | ₹7,467 Cr |
| Other Assets | ₹56,695 Cr | ₹65,523 Cr | ₹82,199 Cr |
| Total Assets | ₹67,595 Cr | ₹81,546 Cr | ₹1,01,041 Cr |
Cash flow is important because reported profit and actual cash generation can differ. Inventory, receivables, payables, financing needs and capital expenditure can affect free cash flow in cyclical vehicle businesses.
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | -₹6,258 Cr | ₹128 Cr | -₹4,895 Cr |
| Cash from Investing Activity | ₹1,135 Cr | -₹5,759 Cr | -₹7,016 Cr |
| Cash from Financing Activity | ₹8,432 Cr | ₹6,958 Cr | ₹11,617 Cr |
| Net Cash Flow | ₹3,309 Cr | ₹1,327 Cr | -₹293 Cr |
| Free Cash Flow | -₹7,346 Cr | -₹1,471 Cr | -₹7,712 Cr |
| CFO / Operating Profit | -69% | 14% | -32% |
Ratios help beginners compare profitability, efficiency and working capital discipline across years. No single ratio should be used in isolation.
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE | 15% | 14% | 14% |
| Debtor Days | 31 | 25 | 20 |
| Inventory Days | 50 | 49 | 50 |
| Days Payable | 85 | 99 | 100 |
| Cash Conversion Cycle | -4 days | -24 days | -30 days |
| Working Capital Days | -45 days | -32 days | -1 day |
| Compounded Sales Growth | 10Y: 10% | 5Y: 24% | 3Y: 11% |
| Compounded Profit Growth | 10Y: 15% | 5Y: 85% | 3Y: 46% |
| Stock Price CAGR | 10Y: 12% | 5Y: 22% | 3Y: 24% |
| Return on Equity | 10Y: 19% | 5Y: 22% | 3Y: 28% |
Peer comparison should be done carefully because each company has a different business mix. Ashok Leyland is more focused on commercial vehicles, while some peers have passenger vehicles, tractors, motorcycles or global subsidiaries.
| Company | Primary business focus | Useful comparison points |
|---|---|---|
| Ashok Leyland Ltd | Commercial vehicles, buses, LCVs, defence vehicles and power solutions | M&HCV share, margin, debt, cash flow and new mobility investments |
| Tata Motors Ltd | Commercial vehicles, passenger vehicles, EVs and global automotive business | Domestic CV demand, global exposure, EV scale and consolidated profitability |
| Mahindra & Mahindra Ltd | SUVs, tractors, farm equipment, LCVs and mobility businesses | Rural demand, farm cycle, auto margins and segment mix |
| Eicher Motors Ltd | Royal Enfield motorcycles and commercial vehicles through VE Commercial Vehicles | Premium motorcycle cycle, CV joint venture performance and exports |
| Force Motors Ltd | Vans, buses, utility vehicles, engines and contract manufacturing | Niche demand, customer concentration, margins and balance sheet strength |
Use these monitorables as a checklist for reading results and management commentary. They are not buy or sell signals.
| Monitorable | What to track |
|---|---|
| Commercial vehicle cycle | Freight demand, replacement demand, infrastructure projects and fleet utilisation |
| Margins | Operating margin, discounting, raw material inflation and product mix |
| Debt and cash flow | Borrowings, working capital, finance costs and free cash flow trends |
| Technology transition | Electric buses, alternate fuels, battery investments and emission regulation costs |
| Customer network | Dealer expansion, service uptime, spares availability and export execution |
| Year | Dividend Detail | Note |
|---|---|---|
| FY 2025-26 | Dividend payout shown at 59% in the latest available yearly summary used here | Verify dividend per share, record date and payment date from exchange filings |
| FY 2024-25 | Dividend payout shown at 59% | Use official annual report and corporate action notices for entitlement |
| FY 2023-24 | Dividend payout shown at 59% | Dividend history is educational and must be checked against NSE/BSE filings |
| Action | Detail | Note |
|---|---|---|
| Face Value | ₹1.00 | Verify current face value from NSE/BSE security information |
| Bonus Issue | Check official filings for confirmed bonus history and record dates | Do not rely on secondary summaries for entitlement decisions |
| Stock Split | Check official filings for split history and effective dates | Corporate actions can alter historical price and per-share data |
Corporate actions can change after board approvals, shareholder approvals and exchange announcements. Always verify dividend, bonus, split, record date and ex-date details from official exchange filings before making entitlement decisions.
These FAQs explain Ashok Leyland in simple language for vehicle customers, beginners and retail investors. They are educational and avoid buy or sell recommendations.
Ashok Leyland makes trucks, buses, light commercial vehicles, defence mobility platforms, engines and power solutions. It is generally tracked as a commercial vehicle and mobility company.
The NSE trading symbol is ASHOKLEY. The Yahoo Finance-compatible symbol used for this page is ASHOKLEY.NS.
The BSE code is 500477. Investors should verify identifiers and latest disclosures from official NSE, BSE and company filings.
The company earns mainly from selling commercial vehicles, buses, LCVs, defence vehicles, engines, spare parts, power solutions and related services.
Customers usually compare trucks, tippers, haulage vehicles, buses, school buses, staff buses, LCVs, defence platforms and service support. The right vehicle depends on payload, route, fuel type, uptime needs and total cost of ownership.
Watch revenue growth, operating margin, vehicle volumes, market share, raw material costs, finance costs, debt, cash flow, return ratios, exports, defence orders and electric vehicle investments.
Yes. Commercial vehicle demand depends on freight, infrastructure, replacement cycles, interest rates, fuel costs, regulations and economic activity.
Key risks include downcycles, weak freight demand, commodity inflation, discounting, regulatory changes, fuel transition costs, competition, export volatility and execution risk in new technologies.
The company has paid dividends in past years, but amounts and dates can change. Always verify the latest dividend announcement, record date and eligibility from official filings.
Bonus and split details should be verified from official NSE, BSE and company filings. This page is educational and not the final source for entitlement dates or ratios.
Compare revenue growth, margins, product mix, market share, debt, cash conversion, return on capital, valuation, dividends, exports and electric vehicle strategy.
They show the broad yearly trading range. They are useful context, but they do not alone prove whether a share is cheap, expensive, safe or risky.
This page is mainly for stock and company understanding. Buyers should separately compare specifications, payload, fuel type, route suitability, warranty, service network and running cost with authorised dealers.
No. This page is educational and does not provide buy, sell or hold recommendations.
Use official NSE filings, BSE filings, Ashok Leyland investor relations pages, annual reports and quarterly results for the latest financial, dividend, bonus, split and shareholding details.
