Ashok Leyland Limited
Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Commercial Vehicles
Key metrics
Price as of 2026-07-17
Stock price
₹155.23
Market cap
91,169 Cr
Stock P/E
24.5
P/B
4.92
Dividend yield
2.0%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,691 Cr | 11,429 Cr | 11,093 Cr | 13,578 Cr | 10,724 Cr | 11,148 Cr | 11,995 Cr | 14,696 Cr | 11,709 Cr | 12,577 Cr | 14,830 Cr | 17,246 Cr |
| Operating expenses (approx.) | 8,176 Cr | 9,597 Cr | 9,118 Cr | 11,006 Cr | 8,851 Cr | 8,989 Cr | 9,657 Cr | 11,694 Cr | 9,535 Cr | 10,176 Cr | 12,333 Cr | 13,787 Cr |
| EBITDA | 1,516 Cr | 1,832 Cr | 1,975 Cr | 2,572 Cr | 1,873 Cr | 2,159 Cr | 2,339 Cr | 3,002 Cr | 2,173 Cr | 2,401 Cr | 2,497 Cr | 3,460 Cr |
| OPM % | 15.6% | 16.0% | 17.8% | 18.9% | 17.5% | 19.4% | 19.5% | 20.4% | 18.6% | 19.1% | 16.8% | 20.1% |
| Other income | 44 Cr | 34 Cr | 27 Cr | 36 Cr | 30 Cr | 114 Cr | 65 Cr | 122 Cr | 99 Cr | 135 Cr | 180 Cr | 171 Cr |
| Interest | 655 Cr | 715 Cr | 783 Cr | 829 Cr | 904 Cr | 962 Cr | 1,011 Cr | 1,053 Cr | 1,112 Cr | 1,152 Cr | 1,200 Cr | 1,241 Cr |
| Depreciation | 227 Cr | 227 Cr | 241 Cr | 233 Cr | 235 Cr | 244 Cr | 268 Cr | 340 Cr | 273 Cr | 268 Cr | 282 Cr | 314 Cr |
| Profit before tax | 678 Cr | 924 Cr | 978 Cr | 1,510 Cr | 764 Cr | 1,067 Cr | 1,125 Cr | 1,609 Cr | 887 Cr | 1,116 Cr | 1,195 Cr | 1,905 Cr |
| Tax % | 14.0% | 38.7% | 38.3% | 38.5% | 28.1% | 29.2% | 27.8% | 23.3% | 26.4% | 27.3% | 28.2% | 29.3% |
| Net profit | 584 Cr | 569 Cr | 609 Cr | 934 Cr | 551 Cr | 767 Cr | 820 Cr | 1,246 Cr | 658 Cr | 820 Cr | 862 Cr | 1,381 Cr |
| EPS (₹) | ₹1.85 | ₹1.79 | ₹1.91 | ₹2.91 | ₹1.73 | ₹2.40 | ₹2.59 | ₹3.85 | ₹1.04 | ₹1.29 | ₹1.38 | ₹2.20 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 21,951 Cr | 19,454 Cr | 26,237 Cr | 41,673 Cr | 45,791 Cr | 48,535 Cr | 56,362 Cr | Sign in for TTM |
| Operating expenses (approx.) | 18,663 Cr | 16,784 Cr | 23,709 Cr | 36,532 Cr | 37,932 Cr | 38,954 Cr | 45,417 Cr | Sign in for TTM |
| EBITDA | 3,288 Cr | 2,670 Cr | 2,528 Cr | 5,141 Cr | 7,859 Cr | 9,582 Cr | 10,945 Cr | Sign in for TTM |
| OPM % | 15.0% | 13.7% | 9.6% | 12.3% | 17.2% | 19.7% | 19.4% | Sign in for TTM |
| Other income | 108 Cr | 131 Cr | 87 Cr | 111 Cr | 141 Cr | 358 Cr | 585 Cr | Sign in for TTM |
| Interest | 1,802 Cr | 1,901 Cr | 1,869 Cr | 2,094 Cr | 2,982 Cr | 3,930 Cr | 4,705 Cr | Sign in for TTM |
| Depreciation | 750 Cr | 836 Cr | 866 Cr | 900 Cr | 927 Cr | 1,087 Cr | 1,138 Cr | Sign in for TTM |
| Profit before tax | 736 Cr | -67 Cr | -207 Cr | 2,258 Cr | 4,090 Cr | 4,565 Cr | 5,103 Cr | Sign in for TTM |
| Tax % | 37.9% | -3.8% | -41.5% | 40.2% | 34.5% | 26.6% | 28.1% | Sign in for TTM |
| Net profit | 460 Cr | -70 Cr | -285 Cr | 1,362 Cr | 2,696 Cr | 3,383 Cr | 3,721 Cr | Sign in for TTM |
| EPS (₹) | ₹1.15 | ₹-0.56 | ₹-1.22 | ₹4.23 | ₹8.46 | ₹10.58 | ₹5.91 | Sign in for TTM |
| Dividend payout % | — | — | — | 21.6% | 28.3% | 60.3% | 49.3% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 294 Cr | 294 Cr | 294 Cr | 294 Cr | 294 Cr | 294 Cr | 587 Cr |
| Reserves | 7,495 Cr | 7,568 Cr | 5,800 Cr | 7,050 Cr | 8,711 Cr | 11,938 Cr | 13,654 Cr |
| Borrowings | — | — | — | 31,161 Cr | 40,802 Cr | 13,394 Cr | 17,717 Cr |
| Other liabilities | — | — | — | 12,769 Cr | 15,044 Cr | 52,476 Cr | 64,778 Cr |
| Total liabilities | — | — | — | 54,729 Cr | 67,660 Cr | 81,715 Cr | 1,01,041 Cr |
| Fixed assets (net) | — | — | — | 5,763 Cr | 5,867 Cr | 6,289 Cr | 7,983 Cr |
| CWIP | — | — | — | 139 Cr | 170 Cr | 359 Cr | 549 Cr |
| Investments | — | — | — | 4,797 Cr | 2,199 Cr | 6,469 Cr | 7,271 Cr |
| Other assets | — | — | — | 32,853 Cr | 39,933 Cr | 47,602 Cr | 60,334 Cr |
| Total assets | — | — | — | 54,729 Cr | 67,660 Cr | 81,715 Cr | 1,01,041 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | 2,845 Cr | -4,499 Cr | -6,258 Cr | 128 Cr | -4,895 Cr |
| Cash from investing | — | — | -1,917 Cr | -2,935 Cr | 1,135 Cr | -5,758 Cr | -7,016 Cr |
| Cash from financing | — | — | -378 Cr | 7,281 Cr | 8,432 Cr | 6,958 Cr | 11,617 Cr |
| Net cash flow | — | — | 550 Cr | -154 Cr | 3,309 Cr | 1,328 Cr | -293 Cr |
| Free cash flow (OCF − Capex) | — | — | 2,336 Cr | -5,428 Cr | -7,392 Cr | -1,520 Cr | -7,840 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | 32.6% | 23.3% | 27.3% | 10.1% | 13.2% | 29.1% | 27.0% |
| ROE % | 4.3% | -2.1% | -5.9% | 11.5% | 21.0% | 19.6% | 18.7% |
| Debtor days | — | — | — | 37 | 31 | — | — |
| Inventory days | — | — | — | 44 | 52 | 52 | 53 |
| Days payable | — | — | — | 98 | 88 | — | — |
| Cash conversion cycle | — | — | — | -17 | -5 | 52 | 53 |
| Debt / equity | — | — | 0.01 | 3.64 | 4.53 | 0.85 | 0.96 |
| Current ratio | — | — | — | 1.08 | 1.09 | 1.29 | 1.32 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 5.69 | 4.53 | 0.71 | 1.04 |
Compare with peers
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