Ashok Leyland Ltd.
Snapshot View

133.00 -2.25 ▼-1.7%

05 August 2021, 01:24:00 P.M.
Volume: 1,299,332

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Automobiles-Trucks/Lcv Compare with Industry peers
Website http://www.ashokleyland.com
Financial Indicators
Market Cap 39,703.01 Cr.
Earnings per share (EPS) -0.56 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 26.78 Trailing Twelve Months Ending 2021-03
Price to Book Value 5.05 Calculated using Price: 135.25
Dividend Yield 0.37 Period Ending 2020-03
No. of Shares Subscribed 293.55 Cr. 2,935,527,276 Shares
FaceValue 1
Company Profile

Ashok Leyland, flagship of the Hinduja group, is the second largest manufacturer of commercial vehicles in India, the third largest manufacturer of buses in the world, and the tenth largest manufacturers of trucks. It had launched India’s first electric bus and Euro 6 compliant truck in 2016. With the largest fleet of logistics vehicles deployed in the Indian Army and significant partnerships with armed forces across the globe, the company helps keep borders secure. It has ISO/TS 16949 Corporate Certification and is also the first CV manufacturer in India to receive the OBD-II (on board diagnostic) certification for BS IV-compliant commercial vehicle engines, SCR (selective catalytic reduction), iEGR (intelligent exhaust gas recirculation) and CNG technologies.

It is the first truck and bus manufacturer outside of Japan to win the Deming prize for its Pantnagar plant in 2016 and the Hosur Unit II being awarded the Deming Prize in 2017. Driven by innovative products suitable for a wide range of applications and an excellent understanding of the customers and local market conditions, the company has been at the fore-front of the commercial vehicle industry for decades. The company’s wide-spread customer base is served through an all-India sales and service network. With technology-enabled customer engagement processes and knowledge on the specific applications of the product range, its sales team is well equipped to fulfil customer’s needs.

Business area of the company

The company is engaged in the manufacturing of commercial vehicles and related components. The company has a product range from 1T GVW (Gross Vehicle Weight) to 55T GTW (Gross Trailer Weight) in trucks, 9 to 80 seater buses, vehicles for defence and special applications, and diesel engines for industrial, genset and marine applications.

Product:

  • Trucks
  • Buses
  • Light Vehicles 
  • Power Solutions
  • Defence

History and Milestones:

  • 1948: The Birth of Ashok Motors.
  • 1949: Production began in September at the factory situated at Ennore, north of Madras, and soon the first indigenously assembled A40 Austin car was rolled out. 
  • 1950: Ashok Motors and Leyland, UK agree to collaborate.
  • 1951: Assembly of Leyland chassis commences.
  • 1954: Government approval for manufacture of commercial vehicles.
  • 1955: Ashok Motors becomes Ashok Leyland.
  • 1967: India’s first double-decker arrives.
  • 1969: For the first time, power steering was featured on commercial vehicles.
  • 1970: A specially designed vehicle for the Indian Army.
  • 1972: Production target upped to 10,000 vehicles a year.
  • 1974: Turnover tops Rs 1,000 million.
  • 1976: The ‘Viking’, the first ever bus with an alternator and a unique front overhang that facilitated front entry hit the Indian roads.
  • 1978: India’s first rear-engine bus - ‘Cheetah’ was introduced.
  • 1980: Hosur plant starts operations.
  • 1980: India’s first 13-ton truck - ‘Tusker’ with a 125 hp engine was launched followed by the country’s first multi-axle truck - ‘Taurus’.
  • 1982: India’s first Vestibule bus introduced.
  • 1982: Two new manufacturing facilities at Bhandara (Maharashtra) and Alwar (Rajasthan) were inaugurated.
  • 1990: The company’s Technical Centre at Vellivoyalchavadi, on the outskirts of Madras was ready equipped with much-needed testing tracks.
  • 1993: First Indian auto company to receive ISO 9002 certification.
  • 1995: First driver training facility set up at Namakkal. 
  • 1996: Hosur Plant II inaugurated.
  • 1997: The Stallion, an all-terrain logistic vehicle, was inducted into the Indian Army.
  • 1997: India’s first CNG bus launched.
  • 2002: The country’s first Hybrid Electric Vehicle was developed and showcased at Auto Expo 2002.
  • 2005: First Indian auto company to receive BS 7799 certification.
  • 2006: The truck business of Czech Republic-based AVIA came into the Company’s fold.
  • 2006: Agreement inked with Ras Al Khaimah Investment Authority for the setting up of a bus assembly plant in the UAE.
  • 2007: The JV was with Siemens VDO, for the development of automotive Infotronics.
  • 2007: Joint Venture with the Alteams Group, Finland for the production of HPDC (High Pressure Die Casting) extruded aluminum components.
  • 2008: Joint Venture inked with John Deere, USA for the manufacture of construction equipment products.
  • 2008: Albonair, GmbH established for the development of clean and green technologies.
  • 2010: India’s first Hybrid CNG Plug-in Bus showcased at Auto Expo 2010.
  • 2010: Pantnagar plant inaugurated.
  • 2010: The U-Truck platform launch.
  • 2010: Bought 26% stake in Optare plc, a well-known bus maker in the UK. Subsequently, the stake was increased to 75.1% in January, 2012.
  • 2011: A full range player with DOST; Entry into the LCV segment.
  • 2011: Enters the construction equipment space.
  • 2012: Jan Bus, world’s first single step entry, front engine, fully flat floor bus unveiled.
  • 2012: Introduced India’s first 37-tonne haulage truck with the highest payload of up to 27 tonnes.
  • 2013: Launched the future-ready electronic fuel efficient Engine with CRS with is protected upto BS-VI.
  • 2013: Launched the next generation intermediate commercial vehicle ‘BOSS’.
  • 2014: CAPTAIN truck series launched.
  • 2014: Launched MiTR - a new age LCV bus.
  • 2014: Launched the next generation LCV Truck–Partner powered by advanced ZD30 Common Rail diesel engine.
  • 2015: Launch of the Zero Emission Electric Bus.
  • 2016: Sunshine Bus launched.
  • 2016: Guru and Partner launched.
  • 2016: Circuit Electric Bus launched.
  • 2017: Circuit Electric Bus launched.
  • 2017: Dost+ launched.
  • 2017: Captain Haulage launched.
  • 2017: 3718+ truck launched.
  • 2018: Ashok Leyland and Israel’s ELBIT Systems sign MOU for High Mobility Vehicles.
  • 2018: Expands Network through a New Service Facility of IFAD AUTOS.
  • 2018: Introduced the Circuit S Electric Bus with battery swapping technology.
  • 2018: Launched eN-Dhan fuel card in association with HPCL.
  • 2018: Introduces Innoline, world’s first BS4 Engine driven by an Inline Fuel Pump. Designed in India, made for the World.
  • 2018: Launched AL Select a customer loyalty program to strengthen company’s bond with key customers.
  • 2019: Launched Guru 1010, Boss 1616 and Boss 1916 to strengthen ICV and MDV range.
  • 2019: Became the first OEM to receive BS VI certification for the full range of heavy duty trucks.
  • 2019: Showcased BS VI Mid-NOx Technology.
  • 2019: Bags order for 1750 Buses from Tamil Nadu State Transport Undertakings.
  • 2019: Bags the order for 400 Minibuses from Senegal.
  • 2019: Ashok Leyland partners with Axis Bank.
  • 2019: Ashok Leyland partners with ICICI Bank. 
  • 2020: Launched the first of its kind Modular Trucks, AVTR with i-Gen6 BS-VI technology.
  • 2020: Expands LCV portfolio with the launch of 'BADA DOST'.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.66%
1 Week
+6.19%
1 Month
+6.53%
3 Month
+18.70%
6 Month
+0.99%
1 Year
+171.71%
2 Year
+107.65%
5 Year
+51.05%
7 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -8.23 -6.79 18.07 28.25 26.34 27.14 5.54
Return on Capital Employed (%) 4.47 6.96 15.32 16.10 17.70 17.07 8.76
Return on Assets (%) -1.32 -1.16 3.80 6.75 6.03 6.02 1.18

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 3,989 4,511 5,264 6,393 7,421 8,746 7,789
Non Curr. Liab. 6,029 6,888 8,200 9,174 10,939 13,975 14,429
Curr. Liab. 6,854 7,840 8,242 10,399 14,191 15,316 14,795
Minority Int. 652 263 417 589 825 1,075 1,107
Equity & Liab. 17,524 19,503 22,123 26,555 33,376 39,112 38,119
Non Curr. Assets 11,535 11,935 13,254 15,392 18,955 22,624 22,810
Curr. Assets 5,989 7,568 8,869 11,163 14,422 16,487 15,309
Misc. Exp. not W/O
Total Assets 17,524 19,503 22,123 26,555 33,376 39,112 38,119

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 11,487 15,341 21,260 22,871 29,636 33,197 21,951
Other Income 92 189 178 146 199 161 108
Total Income 11,579 15,530 21,438 23,017 29,835 33,358 22,059
Total Expenditure -11,065 -13,824 -18,291 -19,581 -25,390 -28,323 -18,718
PBIDT 514 1,706 3,148 3,436 4,444 5,035 3,341
Interest -805 -872 -925 -1,049 -1,227 -1,502 -1,802
Depreciation -530 -580 -524 -573 -646 -676 -750
Taxation 69 -172 -497 -196 -751 -677 -279
Exceptional Items 521 -295 -411 25 -13 3 -53
PAT -232 -214 791 1,643 1,807 2,183 457

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -104 95 -1,275 270 1,462 -3,745 383
Cash Fr. Inv. -377 -126 454 -1,695 -3,166 1,892 -1,503
Cash Fr. Finan. 461 781 1,660 738 1,905 2,398 1,539
Net Change -20 751 839 -687 202 544 419
Cash & Cash Eqvt 106 858 1,681 1,013 1,218 1,767 2,188

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 51.12 51.12 51.12 51.54 51.54 51.54 51.54 51.54 51.54
Public 48.88 48.88 48.88 48.46 48.46 48.46 48.46 48.46 48.46
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 9.26 9.26 9.26 9.26 10.88 10.88 10.88 17.62 14.44

Announcements View Details

Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Monthly Business Updates
Please find attached a copy of the communication being released to the Press relating to sales figures for the month of July 2021.
Fri, 30 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached a copy of the communication being released to the Press with Title - Switch Mobility announces minority investment by Dana - To partner on electrified commercial vehicles.
Wed, 28 Jul 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Further to our intimation dated July 22 2021 on Investor Meet scheduled today at 14.00 hrs (IST) we attach herewith the Presentation for the same.

This is for the information of the stock exchanges.

Technical Scans View Details

Wed, 04 Aug 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone
RSI Bearish RSI Bearish
William %R Bearish William %R Bearish
CCI Overbought Zone CCI Overbought Zone
Black Marubozu Black Marubozu

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