Ashok Leyland Limited
Ashok Leyland Limited operates in Commercial Vehicles, part of the Capital Goods sector. It booked ₹13,070 cr of revenue in its latest quarter (Q1 FY27) and kept 4.7% of sales as profit. It is the 2nd largest of 4 Commercial Vehicles companies we track, by market value.
| Segment | FY20 | FY21 | FY22 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Commercial Vehicle | 18,815 | 16,308 | 23,021 | 40,956 | 42,333 | 48,314 | 86% → 86% |
| Financial Services | 896 | 1,528 | 1,553 | — | — | — | — |
| Financial service | 2,250 | 1,600 | 1,664 | 4,837 | 6,203 | 8,049 | 10% → 14% |
| Total | 21,961 | 19,436 | 26,238 | 45,793 | 48,536 | 56,363 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 32% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 37
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in ASHOKLEY?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹13,070 cr |
| Other Income | ₹189 cr |
| Total Income | ₹13,258 cr |
| Cost of Materials | ₹7,604 cr |
| Purchases of Stock-in-Trade | ₹495 cr |
| Inventory Change (±) | ₹-561 cr |
| Employee Benefit Expense | ₹1,237 cr |
| Finance Costs | ₹1,341 cr |
| Depreciation & Amortisation | ₹315 cr |
| Other Expenses | ₹1,885 cr |
| Total Expenses | ₹12,315 cr |
| Profit before Tax | ₹944 cr |
| Tax Expense | ₹282 cr |
| Share of JV / Associates | ₹6 cr |
| Net Profit | ₹668 cr |
| Net margin on total income | 5.0% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 14,830 cr | 17,246 cr | 13,070 cr |
| Total income | 15,011 cr | 17,417 cr | 13,258 cr |
| Expenses | 13,490 cr | 15,493 cr | 12,315 cr |
| Profit before tax | 1,195 cr | 1,905 cr | 944 cr |
| Tax | 337 cr | 558 cr | 282 cr |
| Net profit (owners' share) | 813 cr | 1,291 cr | 616 cr |
| Net margin (owners' share, on revenue) | 5.5% | 7.5% | 4.7% |
| EPS (₹) | 1.38 | 2.20 | 1.05 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Tata Motors Limited | ₹436 | ₹1.61 L cr | 15.7 | 80.4% | 12.4% | — |
| Ashok Leyland Limitedthis company | ₹159 | ₹93,172 cr | 37.8 | 17.3% | 4.7% | — |
| SML Mahindra Limited | ₹6,221 | ₹9,007 cr | 35.4 | 49.0% | 6.6% | — |
| Atul Auto Limited | ₹441 | ₹1,225 cr | 38.6 | 6.6% | 3.6% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹2.5 / share | 3 Jun 2026 |
| Dividend | ₹1 / share | 18 Nov 2025 |
| Bonus issue | 1:1 | 16 Jul 2025 |
| Dividend | ₹4.25 / share | 22 May 2025 |
| Dividend | ₹2 / share | 19 Nov 2024 |
| Dividend | ₹4.95 / share | 3 Apr 2024 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 23 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.