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Ashok Leyland

NSI:ASHOKLEY · INE208A01029
MachineryX-Large

360

5
Medium confidence — indicative
EV / EBIT11
Price / Owner Earnings3
Owner Earnings Yield12
Dividend Yield1
Price/Sales40
EV / Gross Profit60
Price/Book15
Return on Capital63
Cash Return on Capital17
Return on Equity69
EBIT Margin91
Gross Profitability79
Cash Conversion4
Owner Earnings Margin21
Sales growth65
Profit Growth67
Long-Term EPS Growth60
Reinvestment85
Price momentum71
Debt load2
Refinancing55
Debt Payback5
Liquidity23
Analyst ratings40
Opinion Changes50
Price Target Upside54
Market mood81
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Ashok Leyland generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryMachinery
SizeX-Large
TypePublic Company
ExchangeNSEI
Founded1948
Employees9,423
Websiteashokleyland.com/en
ISININE208A01029
Last UpdateApr 2, 2026
Index & Theme
Marine TransportationFreight ServiceAutomotiveManufacturingTransportation

Description

Ashok Leyland Limited manufactures and sells commercial vehicles and spare parts. Business Strategy The company has established itself as a leading commercial vehicle manufacturer with a robust and comprehensive business strategy for sustaining its…

Analysis

Middle-of-the-road

Ashok Leyland Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 47.2× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 18% yearly growth; analysts expect 17%. The price, in other words, assumes less than the experts do.

The trajectory is tepid and the balance sheet is fragile. The company scores 20/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
25
2023202420252026

All-time high

50

Jan 2025

All-time low

23

Jan 2023

Average rank

37

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
40
60
58
61
Price/Earnings
30
67
65
27
Price/Book
15
32
46
30
Dividend Yield
1
77
82
57
Value (overall)
14
65
63
37

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
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