Ashok Leyland Ltd
Ashok Leyland Ltd (ASHOKLEY) last reported results for the quarter ended Jun 2026, with sales of ₹13,070 crore and net profit of ₹668 crore. The stock last traded at ₹145, a market capitalisation of ₹85,071 crore, on a P/E of 22.8. Over the past 52 weeks the stock has ranged between ₹134 and ₹215. Figures are as of 9 Oct 2026 and are not real time.
Ashok Leyland Ltd share price and key metrics
- Current price
- ₹145
- Market cap
- ₹85,071 cr
- Stock P/E
- 22.8
- Book value
- ₹24.2
- ROE
- 27.4%
- ROCE
- 13.6%
- Dividend yield
- 2.41%
- 52w high / low
- 215/134
Metrics as of 9 Oct 2026. Not real time.
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Ashok Leyland Ltd growth and returns
- 10 Years
- 10%
- 5 Years
- 24%
- 3 Years
- 11%
- TTM
- 17%
- 10 Years
- 15%
- 5 Years
- 84%
- 3 Years
- 45%
- TTM
- 17%
- 10 Years
- 14%
- 5 Years
- 17%
- 3 Years
- 19%
- 1 Year
- 5%
- 10 Years
- 19%
- 5 Years
- 22%
- 3 Years
- 28%
- Last Year
- 27%
Ashok Leyland Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹13,070 cr, up 11.6% from ₹11,709 cr a year earlier. Net profit was ₹668 cr, up 1.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 11,148 | 11,995 | 14,696 | 11,709 | 12,577 | 14,830 | 17,246 | 13,070 |
| Expenses | 9,108 | 9,659 | 11,705 | 9,535 | 10,136 | 12,008 | 13,938 | 10,660 |
| Operating profit | 2,040 | 2,336 | 2,991 | 2,173 | 2,441 | 2,822 | 3,308 | 2,410 |
| OPM % | 18% | 19% | 20% | 19% | 19% | 19% | 19% | 18% |
| Other income | 245 | 75 | 22 | 103 | 103 | -140 | 186 | 195 |
| Interest | 962 | 1,011 | 1,053 | 1,112 | 1,152 | 1,200 | 1,241 | 1,341 |
| Depreciation | 244 | 268 | 340 | 273 | 268 | 282 | 314 | 315 |
| Profit before tax | 1,078 | 1,132 | 1,621 | 891 | 1,124 | 1,200 | 1,940 | 950 |
| Tax % | 29% | 28% | 23% | 26% | 27% | 28% | 29% | 30% |
| Net profit | 767 | 820 | 1,246 | 658 | 820 | 862 | 1,381 | 668 |
| EPS (₹) | 1.20 | 1.30 | 1.92 | 1.04 | 1.29 | 1.38 | 2.20 | 1.05 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Ashok Leyland Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22,871 | 29,636 | 33,197 | 21,951 | 19,454 | 26,237 | 41,673 | 45,703 | 48,535 | 56,362 | 57,723 |
| Operating profit | 3,045 | 4,248 | 4,910 | 3,233 | 2,462 | 2,765 | 5,093 | 7,856 | 9,208 | 10,745 | 10,982 |
| OPM % | 13% | 14% | 15% | 15% | 13% | 11% | 12% | 17% | 19% | 19% | 19% |
| Net profit | 1,633 | 1,814 | 2,195 | 460 | -70 | -285 | 1,362 | 2,696 | 3,383 | 3,721 | 3,731 |
| EPS (₹) | 2.79 | 3.01 | 3.54 | 0.57 | -0.28 | -0.61 | 2.11 | 4.23 | 5.29 | 5.91 | 5.92 |
TTM is the trailing twelve months to the most recent quarter.
Ashok Leyland Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 285 | 293 | 294 | 294 | 294 | 294 | 294 | 294 | 294 | 587 |
| Reserves | 6,108 | 7,128 | 8,452 | 7,495 | 7,568 | 7,010 | 8,260 | 8,711 | 11,938 | 13,654 |
| Borrowings | 13,168 | 15,791 | 19,168 | 22,417 | 24,077 | 24,145 | 31,161 | 40,802 | 49,962 | 63,936 |
| Other liabilities | 7,048 | 10,171 | 11,212 | 7,924 | 10,119 | 12,125 | 14,965 | 17,788 | 19,352 | 22,527 |
| Total liabilities | 26,609 | 33,383 | 39,126 | 38,130 | 42,058 | 43,574 | 54,679 | 67,595 | 81,546 | 100,704 |
| Fixed assets | 6,591 | 6,596 | 6,695 | 8,031 | 8,484 | 7,895 | 8,129 | 8,157 | 8,837 | 10,435 |
| CWIP | 244 | 439 | 678 | 574 | 336 | 240 | 268 | 415 | 577 | 940 |
| Investments | 1,933 | 4,383 | 1,492 | 960 | 1,096 | 2,652 | 4,852 | 2,329 | 6,610 | 7,467 |
| Other assets | 17,841 | 21,965 | 30,261 | 28,565 | 32,143 | 32,787 | 41,430 | 56,695 | 65,523 | 81,862 |
| Total assets | 26,609 | 33,383 | 39,126 | 38,130 | 42,058 | 43,574 | 54,679 | 67,595 | 81,546 | 100,704 |
As reported by the company. Total assets equal total liabilities by construction.
Ashok Leyland Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 270 | 1,462 | -3,745 | 383 | -1,065 | 2,845 | -4,499 | -6,258 | 128 | -4,895 |
| Cash from investing | -1,676 | -3,163 | 1,897 | -1,201 | -973 | -1,917 | -2,904 | 1,135 | -5,759 | -6,986 |
| Cash from financing | 738 | 1,905 | 2,398 | 1,239 | 1,331 | -378 | 7,281 | 8,432 | 6,958 | 11,617 |
| Net cash flow | -668 | 205 | 549 | 421 | -707 | 550 | -122 | 3,309 | 1,327 | -264 |
| Free cash flow | -166 | 823 | -4,841 | -940 | -1,791 | 2,443 | -5,353 | -7,346 | -1,471 | -7,712 |
| CFO / operating profit | 24% | 48% | -61% | 19% | -45% | 105% | -77% | -69% | 14% | -32% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Ashok Leyland Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 15% | 17% | 16% | 9% | 5% | 6% | 11% | 15% | 14% | 14% |
| Debtor days | 20 | 14 | 30 | 25 | 57 | 45 | 37 | 31 | 25 | 20 |
| Inventory days | 73 | 42 | 52 | 42 | 76 | 53 | 44 | 50 | 49 | 50 |
| Days payable | 85 | 96 | 88 | 90 | 162 | 150 | 96 | 85 | 99 | 100 |
| Cash conversion cycle | 8 | -39 | -6 | -22 | -30 | -52 | -16 | -4 | -24 | -30 |
| Working capital days | -21 | -54 | -13 | -31 | -44 | -52 | -34 | -45 | -32 | -42 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Ashok Leyland Ltd shareholding pattern
Promoters held 51.51% at Jun 2026, broadly unchanged since Jun 2025. FIIs 20.67% and DIIs 15.75%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.52% | 51.52% | 51.52% | 51.52% | 51.51% | 51.51% | 51.51% | 51.51% |
| FIIs | 24.39% | 24.09% | 23.50% | 23.85% | 24.32% | 24.41% | 24.57% | 20.67% |
| DIIs | 12.34% | 13.04% | 14.06% | 13.88% | 13.59% | 13.73% | 13.06% | 15.75% |
| Government | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| Public | 11.66% | 11.28% | 10.84% | 10.67% | 10.51% | 10.30% | 10.79% | 11.99% |
| No. of shareholders | 14,59,212 | 14,56,048 | 14,44,998 | 13,92,223 | 14,50,991 | 14,43,916 | 15,02,640 | 16,45,114 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Ashok Leyland Ltd corporate filings
- Ashok Leyland receives reaffirmation of credit ratings from ICRA, maintaining high-grade ratings across multiple debt instrumentsCompany Updatemedium impact
Cruxal's analysis: Ashok Leyland has received reaffirmed credit ratings from ICRA for various debt…
Read the full analysis - Compliance certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.Company Updatelow impact
- Monthly Business Update for September 2026: No financial figures or operational changes disclosedCompany Updatelow impact
Cruxal's analysis: Ashok Leyland's September 2026 business update is a routine disclosure without any…
Read the full analysis - The trading window will be closed for all Designated persons and their immediate relatives with effect from October 01, 2026 till 48 hours after the unaudited financial results for the ....Insider Trading / SASTlow impact
- Ashok Leyland receives reaffirmed credit ratings of CARE AA+ and CARE A1+ from CARE RatingsCompany Updatelow impact
Cruxal's analysis: Ashok Leyland has announced the reaffirmation of its credit ratings by CARE Ratings…
Read the full analysis - Ashok Leyland Ltd schedules investor meeting for September 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has issued an intimation regarding a scheduled meeting with investors. This…
Read the full analysis - Ashok Leyland schedules investor meeting for September 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has issued an intimation regarding a scheduled meeting with investors. The…
Read the full analysis - Ashok Leyland schedules investor meeting for September 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has issued an intimation regarding a scheduled meeting with investors. This…
Read the full analysis - Ashok Leyland Ltd schedules investor meeting for September 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has issued an intimation regarding a scheduled investor meeting. This is a…
Read the full analysis - Ashok Leyland releases monthly business update for August 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has filed its routine monthly business update for August 2026 in compliance…
Read the full analysis - Ashok Leyland Ltd schedules investor meetingCompany Updatelow impact
Cruxal's analysis: Ashok Leyland has issued an intimation regarding a scheduled investor meeting. The…
Read the full analysis - Ashok Leyland Q1 FY27 Earnings Call: Record Revenue and Volumes Amidst Commodity HeadwindsCompany Updatehigh impact
Cruxal's analysis: Ashok Leyland reported record Q1 FY27 revenue of INR 9,634 crore, a 10% YoY increase…
Read the full analysis - Ashok Leyland Limited concludes 77th AGM; shareholders approve final dividend of INR 3.50 per share and key management reappointmentsAGM/EGMlow impact
Cruxal's analysis: Ashok Leyland Limited has successfully concluded its 77th Annual General Meeting held on…
Read the full analysis - Ashok Leyland Concludes 77th AGM: Confirms Dividend Payout and Re-appoints Key LeadershipAGM/EGMlow impact
Cruxal's analysis: Ashok Leyland Limited has successfully concluded its 77th Annual General Meeting, where…
Read the full analysis - Ashok Leyland approves capital infusion of 825 crore into Optare Plc and Hinduja Housing FinanceCompany Updatemedium impact
Cruxal's analysis: Ashok Leyland Limited has announced board approval for two strategic investments totaling…
Read the full analysis - Ashok Leyland Ltd announces rotation of statutory auditorsCompany Updatelow impact
Cruxal's analysis: Ashok Leyland has provided an update regarding the mandatory rotation of its statutory…
Read the full analysis - Ashok Leyland Reports Record Q1 FY27 Volumes and Revenue, Despite Margin Pressure from Rising Material CostsResulthigh impact
Cruxal's analysis: Ashok Leyland achieved its highest-ever Q1 commercial vehicle volume of 48,763 units and…
Read the full analysis - Ashok Leyland schedules earnings conference call for 1QFY27 results on August 14, 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has issued a formal intimation regarding the revised schedule for its…
Read the full analysis - Ashok Leyland raises 300 crore via unsecured non-convertible debentures at 7.50% couponCompany Updatelow impact
Cruxal's analysis: Ashok Leyland Limited has successfully allotted 30,000 unsecured, rated, redeemable…
Read the full analysis - Ashok Leyland schedules earnings conference call for 1QFY27 results on August 14, 2026Company Updatelow impact
Cruxal's analysis: Ashok Leyland has formally intimated the stock exchanges regarding an earnings conference…
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