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BSE: 500477 | NSE: ASHOKLEY | Automobiles-Trucks/Lcv | Large Cap
1. Is Ashok Leyland Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ashok Leyland Ltd is a average quality company.
2. Is Ashok Leyland Ltd undervalued or overvalued?
The key valuation ratios of Ashok Leyland Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Ashok Leyland Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashok Leyland Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 5.8% | -0.6% | 4.1% | 8.9% | 16.1% | 21% | 23.3% | 3.5% | -1% | 7.1% | - | ||
| Value Creation Index ⓘ | -0.6 | -1.0 | -0.7 | -0.2 | 0.4 | 0.9 | 1.1 | -0.7 | -1.1 | -0.4 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 12,481 | 9,943 | 13,562 | 18,937 | 20,140 | 26,356 | 29,055 | 17,467 | 15,301 | 21,688 | 33,101 | ||
| YoY Gr. Rt. % | - | -20.3% | 36.4% | 39.6% | 6.4% | 30.9% | 10.2% | -39.9% | -12.4% | 41.7% | - | ||
| Adj EPS ⓘ | 0.8 | -1.4 | 0.3 | 1.9 | 4.2 | 5.7 | 6.8 | 0.9 | -1.1 | 1.9 | 5.2 | ||
| YoY Gr. Rt. % | - | -286.7% | NA | 569% | 114.4% | 36.1% | 19.6% | -86.9% | -222.5% | NA | - | ||
| BVPS (₹) ⓘ | 11.9 | 12.3 | 14.4 | 19 | 21.4 | 24.5 | 28.4 | 24.7 | 23.6 | 24.9 | 26.2 | ||
| Adj Net Profit ⓘ | 200 | -373 | 82.3 | 552 | 1,184 | 1,658 | 1,980 | 262 | -320 | 555 | 1,530 | ||
| Cash Flow from Ops. ⓘ | 728 | 556 | 1,777 | 1,683 | 2,155 | 5,643 | -362 | 941 | 21.1 | 2,647 | - | ||
| Debt/CF from Ops. ⓘ | 6 | 8.4 | 1.9 | 1.4 | 1 | 0.2 | -1.8 | 3.5 | 176.5 | 1.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 6.3% | 1.5% | -9.3% | 41.7% | ||||||||
| Adj EPS ⓘ | 10.8% | -14.6% | -34.6% | NA | ||||||||
| BVPS ⓘ | 8.6 | 3 | -4.3 | 5.3 | ||||||||
| Share Price | 19.9% | -1.5% | 46% | 18.2% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 4.6 | -8.4 | 1.7 | 10.5 | 20.5 | 24.8 | 25.4 | 3.4 | -4.5 | 7.8 | 20.4 | |
| Op. Profit Mgn % ⓘ | 7 | 1.2 | 7.6 | 11.9 | 10.9 | 11.2 | 10.7 | 6.7 | 3.5 | 4.5 | 7.3 | |
| Net Profit Mgn % ⓘ | 1.6 | -3.8 | 0.6 | 2.9 | 5.9 | 6.3 | 6.8 | 1.5 | -2.1 | 2.6 | 4.6 | |
| Debt to Equity ⓘ | 1.4 | 1.4 | 0.8 | 0.5 | 0.4 | 0.2 | 0.1 | 0.5 | 0.5 | 0.5 | - | |
| Working Cap Days ⓘ | 126 | 149 | 107 | 79 | 79 | 66 | 78 | 132 | 141 | 123 | 0 | |
| Cash Conv. Cycle ⓘ | 4 | 3 | -13 | -10 | -6 | -22 | -19 | -20 | -12 | -22 | 0 | |
Return on Equity has increased versus last 3 years average to 20.40%
Sales growth is good in last 4 quarters at 79.72%
Sales growth has been subdued in last 3 years -9.29%
Net Profit has been subdued in last 3 years -34.64%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.2 | 2.1 |
| TTM Sales (₹ Cr.) | 33,101 | 38,223 |
| BVPS (₹.) ⓘ | 26.2 | 25.6 |
| Reserves (₹ Cr.) ⓘ | 7,391 | 7,221 |
| P/BV ⓘ | 5.14 | 5.25 |
| PE ⓘ | 25.81 | 62.76 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 111.65 / 169.40 |
| All Time Low / High (₹) | 1.00 / 169.40 |
| Market Cap (₹ Cr.) | 39,491 |
| Equity (₹ Cr.) | 293.6 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 89.2 |
| Pledged * | 10.88 | 10.88 | 17.62 | 14.44 | 18.44 | 17.40 | 17.84 | 19.04 | 19.04 | 19.04 |
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:
History and Milestones:
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