Ashok Leyland Limited

NSEI:ASHOKLEY Stock Report

Market Cap: ₹736.8b

Ashok Leyland Balance Sheet Health

Financial Health criteria checks 1/6

Ashok Leyland has a total shareholder equity of ₹158.4B and total debt of ₹497.0B, which brings its debt-to-equity ratio to 313.7%. Its total assets and total liabilities are ₹817.1B and ₹658.7B respectively. Ashok Leyland's EBIT is ₹87.7B making its interest coverage ratio 2.2. It has cash and short-term investments of ₹119.3B.

Key information

313.67%

Debt to equity ratio

₹497.01b

Debt

Interest coverage ratio2.2x
Cash₹119.30b
Equity₹158.45b
Total liabilities₹658.70b
Total assets₹817.15b

Recent financial health updates

We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt

Jun 14
We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt

These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Extensively

Jan 06
These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Extensively

Recent updates

We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt

Jun 14
We Think Ashok Leyland (NSE:ASHOKLEY) Is Taking Some Risk With Its Debt

The Return Trends At Ashok Leyland (NSE:ASHOKLEY) Look Promising

May 25
The Return Trends At Ashok Leyland (NSE:ASHOKLEY) Look Promising

Market Still Lacking Some Conviction On Ashok Leyland Limited (NSE:ASHOKLEY)

Apr 17
Market Still Lacking Some Conviction On Ashok Leyland Limited (NSE:ASHOKLEY)

Calculating The Intrinsic Value Of Ashok Leyland Limited (NSE:ASHOKLEY)

Mar 14
Calculating The Intrinsic Value Of Ashok Leyland Limited (NSE:ASHOKLEY)

Is It Too Late To Consider Buying Ashok Leyland Limited (NSE:ASHOKLEY)?

Feb 03
Is It Too Late To Consider Buying Ashok Leyland Limited (NSE:ASHOKLEY)?

Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Have Stalled

Jan 20
Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Have Stalled

These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Extensively

Jan 06
These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Extensively

Ashok Leyland Limited (NSE:ASHOKLEY) Looks Inexpensive But Perhaps Not Attractive Enough

Dec 23
Ashok Leyland Limited (NSE:ASHOKLEY) Looks Inexpensive But Perhaps Not Attractive Enough

Ashok Leyland Limited's (NSE:ASHOKLEY) Intrinsic Value Is Potentially 20% Below Its Share Price

Dec 09
Ashok Leyland Limited's (NSE:ASHOKLEY) Intrinsic Value Is Potentially 20% Below Its Share Price
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Global Expansion And Innovation Fuel Revenue And Market Share Growth

Expansion in international markets and innovation in alternate fuel vehicles could drive revenue growth and enhance market share.

Why Ashok Leyland Limited (NSE:ASHOKLEY) Could Be Worth Watching

Nov 04
Why Ashok Leyland Limited (NSE:ASHOKLEY) Could Be Worth Watching

Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Have Hit The Brakes

Oct 04
Returns On Capital At Ashok Leyland (NSE:ASHOKLEY) Have Hit The Brakes

Does This Valuation Of Ashok Leyland Limited (NSE:ASHOKLEY) Imply Investors Are Overpaying?

Sep 06
Does This Valuation Of Ashok Leyland Limited (NSE:ASHOKLEY) Imply Investors Are Overpaying?

Why Investors Shouldn't Be Surprised By Ashok Leyland Limited's (NSE:ASHOKLEY) P/E

Aug 23
Why Investors Shouldn't Be Surprised By Ashok Leyland Limited's (NSE:ASHOKLEY) P/E

Financial Position Analysis

Short Term Liabilities: ASHOKLEY's short term assets (₹342.3B) exceed its short term liabilities (₹265.5B).

Long Term Liabilities: ASHOKLEY's short term assets (₹342.3B) do not cover its long term liabilities (₹393.2B).

Debt to Equity History and Analysis

Debt Level: ASHOKLEY's net debt to equity ratio (238.4%) is considered high.

Reducing Debt: ASHOKLEY's debt to equity ratio has increased from 250.2% to 313.7% over the past 5 years.

Debt Coverage: ASHOKLEY's debt is not well covered by operating cash flow (0.3%).

Interest Coverage: ASHOKLEY's interest payments on its debt are not well covered by EBIT (2.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/30 07:31
End of Day Share Price 2025/06/30 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ashok Leyland Limited is covered by 73 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amey DargudeAmbit Capital
Nitin BhasinAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited