Ashok Leyland (NSE: ASHOKLEY) share price: Hinduja Group’s flagship company Ashok Leyland is now supplying its customers with ‘Intermediate and Heavy Duty’ electric trucks.
According to a company statement, the keys of the 14T Boss Electric Truck were handed over by Billion e-Mobility during the ‘Bharat Mobility global exhibition in New Delhi.
Shenu Agarwal, MD, CEO of Ashok Leyland, said that Ashok Leyland was proud to deliver its first fully electric vehicle today. The Boss 14T electric truck was introduced at the Auto Show last year.
Today, the supply of this product marks an important milestone in our journey towards eco-friendly and efficient transportation.
At the Bharat Mobiliy Global Exhibition in Delhi, Ashok Leyland displayed its upcoming vehicles – AVTR Gas 6×4 Tractors, 9M Hydrogen Fuel Cell bus, 55T EV Tractors, and Switch iEV4 Light Commercial Vehicles.
Share Price:
On the last trading day, the share price of Ashok Leyland was Rs 174.05. However, experts appear bullish on this stock.
Last month, global brokerage gave a buy advisory with First Target ₹250, Second Target ₹282, which is 36 percent higher than the current price.
The 52-week high of the stock is Rs 191.50. This price was in August last year.
How Much Were Sales In January?
Let us tell you that the total sales of Ashok Leyland declined by seven percent in January to 15,939 units.
In January 2023, the company sold 17,200 units. Sales of light commercial vehicles (LCVs) fell by 7 percent, to 5,721 units. In January 2023, it will be 6,150 units.
Let us tell you that Ashok Leyland recorded a profit of Rs 561.01 crore in the second quarter of FY 24, which is much more than the profit of Rs 199.31 crore recorded in the same quarter last year. Revenue from operations grew 16.6% YoY to Rs 9,638.04 crore in Q2FY24.
About Ashok Leyland Company
Ashok Leyland Ltd (Ashok Leyland) is one of the subsidiaries of Hinduja Automotive Ltd, which is an integrated automobile company.
It offers medium and heavy commercial vehicles, related components, and light commercial vehicles and power solutions.
The company operates manufacturing facilities across UAE, Sri Lanka, Bangladesh, Nigeria, the UK, Kenya and India.
The company has agreements with joint ventures together with Alteams Group for the manufacture of high-press die-casting extruded aluminum components for automotive and telecom sectors and John Deere to manufacture construction equipment.
The company also provides financial services that are primarily related to housing and vehicle financing.
It serves customers across Africa and in its regions of the Middle East, Asia, CIS, and Latin America. Ashok Leyland is headquartered in Chennai, Tamil Nadu, India.
Fundamental Analysis of Ashok Leyland
| Market Cap | ₹ 51,103 Cr |
| Current Price | ₹ 174.05 |
| 52-wk High | ₹ 191.50 |
| 52-wk Low | ₹ 133 |
| Stock P/E | 24.1 |
| Book Value | ₹ 30.2 |
| Dividend | 1.49 % |
| ROCE | 11.4 % |
| ROE | 15.0 % |
| Face Value | ₹ 1.00 |
| P/B Value | 5.76 |
| OPM | 14.9 % |
| EPS | ₹ 7.29 |
| Debt | ₹ 34,392 Cr. |
| Debt to Equity | 3.87 |
Ashok Leyland Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹250 | ₹282 |
| 2025 | ₹285 | ₹305 |
| 2026 | ₹310 | ₹320 |
| 2027 | ₹325 | ₹343 |
| 2028 | ₹350 | ₹387 |
| 2029 | ₹400 | ₹428 |
| 2030 | ₹450 | ₹470 |
Ashok Leyland Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 51.53% |
| Mar 2023 | 51.53% |
| June 2023 | 51.53% |
| Sept 2023 | 51.53% |
| Dec 2023 | 51.53% |
| FII Holding | |
| Dec 2022 | 15.29% |
| Mar 2023 | 14.85% |
| June 2023 | 16.59% |
| Sept 2023 | 20.21% |
| Dec 2023 | 20.48% |
| DII Holding | |
| Dec 2022 | 21.16% |
| Mar 2023 | 22.15% |
| June 2023 | 20.79% |
| Sept 2023 | 16.51% |
| Dec 2023 | 14.66% |
| Govt. Holding | |
| Dec 2022 | 0.07% |
| Mar 2023 | 0.07% |
| June 2023 | 0.07% |
| Sept 2023 | 0.07% |
| Dec 2023 | 0.07% |
| Public Holding | |
| Dec 2022 | 11.94% |
| Mar 2023 | 11.40% |
| June 2023 | 11.02% |
| Sept 2023 | 11.66% |
| Dec 2023 | 13.25% |
Ashok Leyland Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹33,197 Cr |
| 2020 | ₹21,951 Cr |
| 2021 | ₹19,454 Cr |
| 2022 | ₹26,565 Cr |
| 2023 | ₹44,723 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹2,195Cr |
| 2020 | ₹460Cr |
| 2021 | ₹-70Cr |
| 2022 | ₹-285Cr |
| 2023 | ₹2,308Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.73 |
| 2020 | 2.07 |
| 2021 | 2.31 |
| 2022 | 3.28 |
| 2023 | 3.61 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | -7% |
| 3 Years: | 50% |
| Current Year: | 563% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 9% |
| 3 Years: | 5% |
| Current Year: | 15% |
Last 10 Years’ Sales Growth:
| 10 Years: | – |
| 5 Years: | 7% |
| 3 Years: | 24% |
| Current Year: | 29% |
Conclusion
This article is a complete guide about Ashok Leyland Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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