SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ashok Leyland declines on slashing investments by Rs 400 crore this year

18 Jul 2013 Evaluate

Ashok Leyland is currently trading at Rs. 15.80, down by 0.30 points or 1.86% from its previous closing of Rs. 16.10 on the BSE.

The scrip opened at Rs. 16.25 and has touched a high and low of Rs. 16.50 and Rs. 15.70 respectively. So far 478401 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.70 on 03-Dec-2012 and a 52 week low of Rs. 15.65 on 16-Jul-2013.

Last one week high and low of the scrip stood at Rs. 18.80 and Rs. 15.65 respectively. The current market cap of the company is Rs. 4203.87 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 29.88% and 18.09% respectively.

After reporting net loss in its Q1FY14, Ashok Leyland has slashed its total investments by almost one-fourth to Rs 400 crore this year to protect costs. The company also resorted to lay off its temporary workforce last quarter that resulted in 1,300 job cuts in addition to a 5% salary cut for the executive cadre, which resulted in savings of Rs 10 crore.

Meanwhile, the company has reduced working days and labours in June to align demand. The reduction in labours will help to reduce cost.

The company reported net loss of Rs 141.75 crore for the quarter as compared to net profit of Rs 66.94 crore for the quarter ended June 30, 2012. Its total Income decreased by 21.83% to Rs 2376.07 crore for the quarter ended June 30, 2013 from Rs 3039.76 crore for the corresponding quarter of the previous year.

Ashok Leyland Share Price

174.75 -1.90 (-1.08%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ashok Leyland 174.75
Force Motors 22382.80
Olectra Greentech 1226.25
Tata Motors 439.15
SML Mahindra 4317.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×