About
Ashok Leyland Limited, together with its subsidiaries, engages in the manufacture and sale of commercial vehicles in India and internationally. It offers buses; haulage and ICV trucks, as well as tractors and tippers; light commercial vehicles goods carriers and passenger, as well as small commercial vehicles goods carriers; and defense vehicles comprising logistics, high mobility, armored, and specialist vehicles. The company also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts; and vehicle and housing financing services. In addition, it trades in commercial vehicles; and offers manpower supply, air chartering, and IT services, as well as manufactures forgings and castings. Further, the company operates retail stores; and LeyKart, an e-commerce store for spare parts. The company was incorporated in 1948 and is headquartered in Chennai, India.
Key Metrics
as of Sep 2026Market Cap99,268 Cr
P/E26.70
Div Yield2.07 %
Book Value₹24.20
52w High₹215.00
52w Low₹131.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,070.00 | 17,246.00 | 14,830.00 | 12,577.00 | 11,709.00 | 14,696.00 | 11,995.00 | 11,148.00 | 10,724.00 | 13,542.00 | 11,093.00 | 11,429.00 | 9,691.00 |
| Expenses | 10,660.00 | 13,938.00 | 12,008.00 | 10,136.00 | 9,535.00 | 11,705.00 | 9,659.00 | 9,108.00 | 8,856.00 | 10,975.00 | 9,131.00 | 9,559.00 | 8,183.00 |
| Operating Profit | 2,410.00 | 3,308.00 | 2,822.00 | 2,441.00 | 2,173.00 | 2,991.00 | 2,336.00 | 2,040.00 | 1,868.00 | 2,567.00 | 1,961.00 | 1,870.00 | 1,509.00 |
| OPM % | 18.00 | 19.00 | 19.00 | 19.00 | 19.00 | 20.00 | 19.00 | 18.00 | 17.00 | 19.00 | 18.00 | 16.00 | 16.00 |
| Other Income | 195.00 | 186.00 | -140.00 | 103.00 | 103.00 | 22.00 | 75.00 | 245.00 | 36.00 | 10.00 | 46.00 | -1.00 | 53.00 |
| Depreciation | 315.00 | 314.00 | 282.00 | 268.00 | 273.00 | 340.00 | 268.00 | 244.00 | 235.00 | 233.00 | 241.00 | 227.00 | 227.00 |
| Interest | 1,341.00 | 1,241.00 | 1,200.00 | 1,152.00 | 1,112.00 | 1,053.00 | 1,011.00 | 962.00 | 904.00 | 829.00 | 783.00 | 715.00 | 655.00 |
| Profit before tax | 950.00 | 1,940.00 | 1,200.00 | 1,124.00 | 891.00 | 1,621.00 | 1,132.00 | 1,078.00 | 765.00 | 1,516.00 | 984.00 | 927.00 | 679.00 |
| Tax % | 30.00 | 29.00 | 28.00 | 27.00 | 26.00 | 23.00 | 28.00 | 29.00 | 28.00 | 38.00 | 38.00 | 39.00 | 14.00 |
| Net Profit | 668.00 | 1,381.00 | 862.00 | 820.00 | 658.00 | 1,246.00 | 820.00 | 767.00 | 551.00 | 934.00 | 609.00 | 569.00 | 584.00 |
| EPS in Rs | 1.05 | 2.20 | 1.38 | 1.29 | 1.04 | 1.92 | 1.30 | 1.20 | 0.87 | 1.45 | 0.95 | 0.90 | 0.93 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48,314.00 | 42,333.00 | 45,703.00 | 41,673.00 | 26,237.00 | 19,454.00 | 21,951.00 | 33,197.00 | 29,636.00 | 22,871.00 | 21,260.00 | 15,708.00 |
| Expenses | 45,617.00 | 39,327.00 | 37,848.00 | 36,580.00 | 23,472.00 | 16,992.00 | 18,718.00 | 28,287.00 | 25,387.00 | 19,826.00 | 18,281.00 | 14,191.00 |
| Operating Profit | 2,697.00 | 3,006.00 | 7,856.00 | 5,093.00 | 2,765.00 | 2,462.00 | 3,233.00 | 4,910.00 | 4,248.00 | 3,045.00 | 2,979.00 | 1,517.00 |
| OPM % | 6.00 | 7.00 | 17.00 | 12.00 | 11.00 | 13.00 | 15.00 | 15.00 | 14.00 | 13.00 | 14.00 | 10.00 |
| Other Income | 8,300.00 | 6,607.00 | 160.00 | 169.00 | -230.00 | 207.00 | 57.00 | 139.00 | 190.00 | 406.00 | -321.00 | -106.00 |
| Interest | 4,705.00 | 3,930.00 | 2,982.00 | 2,094.00 | 1,869.00 | 1,901.00 | 1,802.00 | 1,502.00 | 1,227.00 | 1,049.00 | 925.00 | 872.00 |
| Depreciation | 1,138.00 | 1,087.00 | 927.00 | 900.00 | 866.00 | 836.00 | 750.00 | 676.00 | 646.00 | 573.00 | 524.00 | 580.00 |
| Profit before tax | 5,155.00 | 4,596.00 | 4,106.00 | 2,269.00 | -200.00 | -67.00 | 739.00 | 2,872.00 | 2,565.00 | 1,829.00 | 1,209.00 | -42.00 |
| Tax % | 28.00 | 26.00 | 34.00 | 40.00 | 43.00 | 4.00 | 38.00 | 24.00 | 29.00 | 11.00 | 41.00 | 415.00 |
| Net Profit | 3,721.00 | 3,383.00 | 2,696.00 | 1,362.00 | -285.00 | -70.00 | 460.00 | 2,195.00 | 1,814.00 | 1,633.00 | 712.00 | -205.00 |
| EPS in Rs | 5.91 | 5.29 | 4.23 | 2.11 | -0.61 | -0.28 | 0.57 | 3.54 | 3.01 | 2.79 | 1.20 | 0.24 |
| Dividend Payout % | 59.00 | 59.00 | 59.00 | 62.00 | -82.00 | -107.00 | 44.00 | 44.00 | 40.00 | 28.00 | 40.00 | 96.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 587.00 | 294.00 | 294.00 | 294.00 | 294.00 | 294.00 | 294.00 | 294.00 | 293.00 | 285.00 | 285.00 | 285.00 |
| Reserves | 13,654.00 | 11,938.00 | 8,711.00 | 8,260.00 | 7,010.00 | 7,568.00 | 7,495.00 | 8,452.00 | 7,128.00 | 6,108.00 | 4,979.00 | 4,227.00 |
| Borrowings | 63,936.00 | 49,962.00 | 40,802.00 | 31,161.00 | 24,145.00 | 24,077.00 | 22,417.00 | 19,168.00 | 15,791.00 | 13,168.00 | 11,054.00 | 9,070.00 |
| Other Liabilities | 22,527.00 | 19,352.00 | 17,788.00 | 14,965.00 | 12,125.00 | 10,119.00 | 7,924.00 | 11,212.00 | 10,171.00 | 7,048.00 | 5,806.00 | 6,011.00 |
| Total Liabilities | 100,704.00 | 81,546.00 | 67,595.00 | 54,679.00 | 43,574.00 | 42,058.00 | 38,130.00 | 39,126.00 | 33,383.00 | 26,609.00 | 22,123.00 | 19,592.00 |
| Fixed Assets | 10,435.00 | 8,837.00 | 8,157.00 | 8,129.00 | 7,895.00 | 8,484.00 | 8,031.00 | 6,695.00 | 6,596.00 | 6,591.00 | 5,890.00 | 6,529.00 |
| CWIP | 940.00 | 577.00 | 415.00 | 268.00 | 240.00 | 336.00 | 574.00 | 678.00 | 439.00 | 244.00 | 87.00 | 216.00 |
| Investments | 7,467.00 | 6,610.00 | 2,329.00 | 4,852.00 | 2,652.00 | 1,096.00 | 960.00 | 1,492.00 | 4,383.00 | 1,933.00 | 1,031.00 | 1,499.00 |
| Other Assets | 81,862.00 | 65,523.00 | 56,695.00 | 41,430.00 | 32,787.00 | 32,143.00 | 28,565.00 | 30,261.00 | 21,965.00 | 17,841.00 | 15,115.00 | 11,348.00 |
| Total Assets | 100,704.00 | 81,546.00 | 67,595.00 | 54,679.00 | 43,574.00 | 42,058.00 | 38,130.00 | 39,126.00 | 33,383.00 | 26,609.00 | 22,123.00 | 19,592.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -4,895.00 | 128.00 | -6,258.00 | -4,499.00 | 2,845.00 | -1,065.00 | 383.00 | -3,745.00 | 1,462.00 | 270.00 | -1,275.00 | 95.00 |
| Cash from Investing Activity | -6,986.00 | -5,759.00 | 1,135.00 | -2,904.00 | -1,917.00 | -973.00 | -1,201.00 | 1,897.00 | -3,163.00 | -1,676.00 | 456.00 | -124.00 |
| Cash from Financing Activity | 11,617.00 | 6,958.00 | 8,432.00 | 7,281.00 | -378.00 | 1,331.00 | 1,239.00 | 2,398.00 | 1,905.00 | 738.00 | 1,660.00 | 781.00 |
| Net Cash Flow | -264.00 | 1,327.00 | 3,309.00 | -122.00 | 550.00 | -707.00 | 421.00 | 549.00 | 205.00 | -668.00 | 841.00 | 752.00 |
| Free Cash Flow | -7,712.00 | -1,471.00 | -7,346.00 | -5,353.00 | 2,443.00 | -1,791.00 | -940.00 | -4,841.00 | 823.00 | -166.00 | -1,331.00 | 162.00 |
| CFO/OP % | -129.00 | 43.00 | -69.00 | -77.00 | 105.00 | -45.00 | 19.00 | -61.00 | 48.00 | 24.00 | -25.00 | 14.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23.00 | 29.00 | 31.00 | 37.00 | 45.00 | 57.00 | 25.00 | 30.00 | 14.00 | 20.00 | 25.00 | 31.00 |
| Inventory Days | 50.00 | 49.00 | 50.00 | 44.00 | 53.00 | 76.00 | 42.00 | 52.00 | 42.00 | 73.00 | 50.00 | 58.00 |
| Days Payable | 100.00 | 99.00 | 85.00 | 96.00 | 150.00 | 162.00 | 90.00 | 88.00 | 96.00 | 85.00 | 71.00 | 108.00 |
| Cash Conversion Cycle | -26.00 | -21.00 | -4.00 | -16.00 | -52.00 | -30.00 | -22.00 | -6.00 | -39.00 | 8.00 | 5.00 | -19.00 |
| Working Capital Days | -49.00 | -37.00 | -45.00 | -34.00 | -52.00 | -44.00 | -31.00 | -13.00 | -54.00 | -21.00 | -23.00 | -41.00 |
| ROCE % | 14.00 | 14.00 | 15.00 | 11.00 | 6.00 | 5.00 | 9.00 | 16.00 | 17.00 | 15.00 | 17.00 | 8.00 |
Corporate Actions
31 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Jun 2026 | 03 Jun 2026 | — | 2.50 | |
| Dividend | 18 Nov 2025 | 18 Nov 2025 | — | 1.00 | |
| Bonus | 16 Jul 2025 | 16 Jul 2025 | 1:1 | — | |
| Dividend | 22 May 2025 | 22 May 2025 | — | 4.25 | |
| Dividend | 19 Nov 2024 | 19 Nov 2024 | — | 2.00 | |
| Dividend | 03 Apr 2024 | 03 Apr 2024 | — | 4.95 | |
| Dividend | 07 Jul 2023 | — | — | 2.60 | |
| Dividend | 14 Jul 2022 | — | — | 1.00 | |
| Dividend | 31 Aug 2021 | — | — | 0.60 | |
| Other | 28 Aug 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Mar 2020 | 20 Mar 2020 | — | 0.50 | |
| Dividend | 23 Jul 2019 | — | — | 3.10 | |
| Dividend | 09 Jul 2018 | — | — | 2.43 | |
| Dividend | 11 Jul 2017 | — | — | 1.56 | |
| Dividend | 13 Jul 2016 | — | — | 0.95 | |
| Dividend | 17 Jun 2015 | — | — | 0.45 | |
| Other | 18 Jul 2014 | — | — | — | Annual General Meeting |
| Dividend | 04 Jul 2013 | — | — | 0.60 | |
| Other | 04 Jul 2013 | — | — | — | Annual General Meeting / Dividend - Re.0.60/- Per Equity Share |
| Dividend | 12 Jul 2012 | — | — | 1.00 | |
| Bonus | 02 Aug 2011 | 03 Aug 2011 | 1:1 | — | |
| Dividend | 29 Jun 2011 | — | — | 2.00 | |
| Dividend | 16 Jul 2010 | — | — | 1.50 | |
| Dividend | 14 Jul 2009 | — | — | 1.00 | |
| Dividend | 16 Jul 2008 | — | — | 1.50 | |
| Other | 16 Jul 2007 | — | — | — | Agm |
| Dividend | 28 Mar 2007 | 29 Mar 2007 | — | 1.50 | |
| Dividend | 12 Jul 2006 | — | — | 1.20 | |
| Dividend | 07 Jul 2005 | — | — | 1.00 | |
| Dividend | 28 Jun 2004 | — | — | 7.50 | |
| Dividend | 18 Jun 2001 | — | — | 4.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update2 Jun from icra
-
Rating update22 Sep 2025 from care
-
Rating update12 Sep 2025 from icra
-
Rating update26 Sep 2024 from care
-
Rating update13 Sep 2024 from icra
-
Rating update12 Oct 2023 from icra
Conference Calls
- PPT
- PPT
- PPT
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript