Ashok Leyland Limited

NSEI:ASHOKLEY Stock Report

Market Cap: ₹679.2b

Ashok Leyland Past Earnings Performance

Past criteria checks 3/6

Ashok Leyland has been growing earnings at an average annual rate of 60.6%, while the Machinery industry saw earnings growing at 26.7% annually. Revenues have been growing at an average rate of 21.8% per year. Ashok Leyland's return on equity is 23.1%, and it has net margins of 6%.

Key information

60.64%

Earnings growth rate

60.65%

EPS growth rate

Machinery Industry Growth21.04%
Revenue growth rate21.76%
Return on equity23.07%
Net Margin5.96%
Next Earnings Update23 May 2025

Recent past performance updates

Recent updates

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

Nov 27 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

Investors Met With Slowing Returns on Capital At Ashok Leyland (NSE:ASHOKLEY)

Jun 27
Investors Met With Slowing Returns on Capital At Ashok Leyland (NSE:ASHOKLEY)

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

Jun 13
These 4 Measures Indicate That Ashok Leyland (NSE:ASHOKLEY) Is Using Debt Reasonably Well

Investors Shouldn't Be Too Comfortable With Ashok Leyland's (NSE:ASHOKLEY) Earnings

May 31
Investors Shouldn't Be Too Comfortable With Ashok Leyland's (NSE:ASHOKLEY) Earnings

Is There Now An Opportunity In Ashok Leyland Limited (NSE:ASHOKLEY)?

May 21
Is There Now An Opportunity In Ashok Leyland Limited (NSE:ASHOKLEY)?

Revenue & Expenses Breakdown

How Ashok Leyland makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:ASHOKLEY Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 24474,69328,30139,8580
30 Sep 24465,31626,28438,8360
30 Jun 24468,23824,48837,7390
31 Mar 24457,90624,83536,7270
31 Dec 23454,15623,82636,3830
30 Sep 23447,22721,41535,3530
30 Jun 23428,93717,79434,0110
31 Mar 23416,72612,38732,3440
31 Dec 22383,9706,28530,2990
30 Sep 22346,5711,87928,6530
30 Jun 22306,195-79426,9660
31 Mar 22262,372-3,58626,3200
31 Dec 21244,523-1,46325,0650
30 Sep 21237,466-10524,4550
30 Jun 21220,560-30023,2810
31 Mar 21194,541-1,65221,7230
31 Dec 20164,000-4,99721,5690
30 Sep 20156,347-4,87219,6490
30 Jun 20168,491-3,19620,2790
31 Mar 20219,5133,36721,9030
31 Dec 19267,37310,31123,5810
30 Jun 19326,43918,82626,7070
31 Mar 19331,96820,78726,6850
31 Mar 18296,35617,60422,8200
31 Mar 17228,71015,93618,5990
31 Mar 16212,5996,81917,2140
31 Mar 15153,4091,33915,3910

Quality Earnings: ASHOKLEY has high quality earnings.

Growing Profit Margin: ASHOKLEY's current net profit margins (6%) are higher than last year (5.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ASHOKLEY's earnings have grown significantly by 60.6% per year over the past 5 years.

Accelerating Growth: ASHOKLEY's earnings growth over the past year (18.8%) is below its 5-year average (60.6% per year).

Earnings vs Industry: ASHOKLEY earnings growth over the past year (18.8%) did not outperform the Machinery industry 19.9%.

Return on Equity

High ROE: Whilst ASHOKLEY's Return on Equity (23.07%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/13 11:53
End of Day Share Price 2025/05/13 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

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 88 analysts. 35 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jinesh GandhiAmbit Capital
Nitin BhasinAmbit Capital
Mumuksh MandleshaAnand Rathi Shares and Stock Brokers Limited