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NSE Close — 25 Sep 2026
₹159.08
Change
+1.78 (1.13%)
Open
₹157.52
Prev. Close
₹157.3
Day High
₹159.52
Day Low
₹156.1
Volume Analysis
Traded
10,274,172
Delivered
5,964,873
Delivery %
58.06%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong return on equity (27.4%)
Weaknesses (2)
- •High debt-to-equity ratio (4.49)
- •Below-average fundamentals quality score (48/100)
Opportunities (1)
- •Strong 3-year EPS growth (41.0%)
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹163.78 | ₹161.65 | ₹160.36 | ₹158.23 | ₹156.94 | ₹154.81 | ₹153.52 |
| Fibonacci | ₹161.65 | ₹160.34 | ₹159.54 | ₹158.23 | ₹156.92 | ₹156.12 | ₹154.81 |
| Camarilla | ₹160.02 | ₹159.71 | ₹159.39 | ₹158.23 | ₹158.77 | ₹158.45 | ₹158.14 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-13.95%
1 Week
-1.65%
1 Month
-9.5%
3 Months
+0.88%
6 Months
+6.69%
1 Year
+12.08%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹56.73
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
25.58%
Net margin 6.46% × asset turnover 0.56x × equity multiplier 7.07x
Company Overview
Sector
Capital Goods
Market Cap
₹92,660 Cr
P/E (TTM)
24.9
ROE
27.4%
Book Value
₹24.2
Face Value
₹1.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Ashok Leyland Ltd scores weakly on TopFund's composite fundamentals check within the Capital Goods sector, at 48/100. The strongest factor is Liquidity (88/100), while Financial Strength (0/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (27.4%); high debt-to-equity ratio (4.49); below-average fundamentals quality score (48/100). Strong 3-year EPS growth (41.0%).
TopFund Score — Fundamentals Quality
48/100 — WeakData confidence: 77/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has delivered good profit growth of 84.1% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%
- +Company has been maintaining a healthy dividend payout of 58.9%
- +Debtor days have improved from 25.4 to 20.0 days.
- −Stock is trading at 6.48 times its book value
- −Promoters have pledged 40.1% of their holding.
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
CARE reaffirmed ratings on ₹6,000 crore facilities; unavailed facilities withdrawn.
Ashok Leyland to attend CLSA 33rd Investor Forum 2026 in Hong Kong on 23 September 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 9,691 | 11,429 | 11,093 | 13,542 | 10,724 | 11,148 | 11,995 | 14,696 | 11,709 | 12,577 | 14,830 | 17,246 | 13,070 |
| Expenses + | 8,183 | 9,559 | 9,131 | 10,975 | 8,856 | 9,108 | 9,659 | 11,705 | 9,535 | 10,136 | 12,008 | 13,938 | 10,660 |
| Operating Profit | 1,509 | 1,870 | 1,961 | 2,567 | 1,868 | 2,040 | 2,336 | 2,991 | 2,173 | 2,441 | 2,822 | 3,308 | 2,410 |
| OPM % | 16.0% | 16.0% | 18.0% | 19.0% | 17.0% | 18.0% | 19.0% | 20.0% | 19.0% | 19.0% | 19.0% | 19.0% | 18.0% |
| Other Income + | 53 | -1 | 46 | 10 | 36 | 245 | 75 | 22 | 103 | 103 | -140 | 186 | 195 |
| Interest | 655 | 715 | 783 | 829 | 904 | 962 | 1,011 | 1,053 | 1,112 | 1,152 | 1,200 | 1,241 | 1,341 |
| Depreciation | 227 | 227 | 241 | 233 | 235 | 244 | 268 | 340 | 273 | 268 | 282 | 314 | 315 |
| Profit before tax | 679 | 927 | 984 | 1,516 | 765 | 1,078 | 1,132 | 1,621 | 891 | 1,124 | 1,200 | 1,940 | 950 |
| Tax % | 14.0% | 39.0% | 38.0% | 38.0% | 28.0% | 29.0% | 28.0% | 23.0% | 26.0% | 27.0% | 28.0% | 29.0% | 30.0% |
| Net Profit + | 584 | 569 | 609 | 934 | 551 | 767 | 820 | 1,246 | 658 | 820 | 862 | 1,381 | 668 |
| EPS in Rs | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 15,708 | 21,260 | 22,871 | 29,636 | 33,197 | 21,951 | 19,454 | 26,237 | 41,673 | 45,703 | 48,535 | 56,362 | 57,723 |
| Expenses + | 14,191 | 18,281 | 19,826 | 25,387 | 28,287 | 18,718 | 16,992 | 23,472 | 36,580 | 37,848 | 39,327 | 45,617 | 46,741 |
| Operating Profit | 1,517 | 2,979 | 3,045 | 4,248 | 4,910 | 3,233 | 2,462 | 2,765 | 5,093 | 7,856 | 9,208 | 10,745 | 10,982 |
| OPM % | 10.0% | 14.0% | 13.0% | 14.0% | 15.0% | 15.0% | 13.0% | 11.0% | 12.0% | 17.0% | 19.0% | 19.0% | 19.0% |
| Other Income + | -106 | -321 | 406 | 190 | 139 | 57 | 207 | -230 | 169 | 160 | 405 | 252 | 343 |
| Interest | 872 | 925 | 1,049 | 1,227 | 1,502 | 1,802 | 1,901 | 1,869 | 2,094 | 2,982 | 3,930 | 4,705 | 4,933 |
| Depreciation | 580 | 524 | 573 | 646 | 676 | 750 | 836 | 866 | 900 | 927 | 1,087 | 1,138 | 1,179 |
| Profit before tax | -42 | 1,209 | 1,829 | 2,565 | 2,872 | 739 | -67 | -200 | 2,269 | 4,106 | 4,596 | 5,155 | 5,213 |
| Tax % | 415.0% | 41.0% | 11.0% | 29.0% | 24.0% | 38.0% | 4.0% | 43.0% | 40.0% | 34.0% | 26.0% | 28.0% | — |
| Net Profit + | -205 | 712 | 1,633 | 1,814 | 2,195 | 460 | -70 | -285 | 1,362 | 2,696 | 3,383 | 3,721 | 3,731 |
| EPS in Rs | 0 | 1 | 3 | 3 | 4 | 1 | 0 | -1 | 2 | 4 | 5 | 6 | 6 |
| Dividend Payout % | 96.0% | 40.0% | 28.0% | 40.0% | 44.0% | 44.0% | -107.0% | -82.0% | 62.0% | 59.0% | 59.0% | 59.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 4,227 | 4,979 | 6,108 | 7,128 | 8,452 | 7,495 | 7,568 | 7,010 | 8,260 | 8,711 | 11,938 | 13,654 |
| Borrowings + | 9,070 | 11,054 | 13,168 | 15,791 | 19,168 | 22,417 | 24,077 | 24,145 | 31,161 | 40,802 | 49,962 | 63,936 |
| Other Liabilities + | 6,011 | 5,806 | 7,048 | 10,171 | 11,212 | 7,924 | 10,119 | 12,125 | 14,965 | 17,788 | 19,352 | 22,527 |
| Total Liabilities | 19,592 | 22,123 | 26,609 | 33,383 | 39,126 | 38,130 | 42,058 | 43,574 | 54,679 | 67,595 | 81,546 | 100,704 |
| Fixed Assets + | 6,529 | 5,890 | 6,591 | 6,596 | 6,695 | 8,031 | 8,484 | 7,895 | 8,129 | 8,157 | 8,837 | 10,435 |
| CWIP | 216 | 87 | 244 | 439 | 678 | 574 | 336 | 240 | 268 | 415 | 577 | 940 |
| Investments | 1,499 | 1,031 | 1,933 | 4,383 | 1,492 | 960 | 1,096 | 2,652 | 4,852 | 2,329 | 6,610 | 7,467 |
| Other Assets + | 11,348 | 15,115 | 17,841 | 21,965 | 30,261 | 28,565 | 32,143 | 32,787 | 41,430 | 56,695 | 65,523 | 81,862 |
| Total Assets | 19,592 | 22,123 | 26,609 | 33,383 | 39,126 | 38,130 | 42,058 | 43,574 | 54,679 | 67,595 | 81,546 | 100,704 |
| Equity Capital | 285 | 285 | 285 | 293 | 294 | 294 | 294 | 294 | 294 | 294 | 294 | 587 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 95 | -1,275 | 270 | 1,462 | -3,745 | 383 | -1,065 | 2,845 | -4,499 | -6,258 | 128 | -4,895 |
| Cash from Investing Activity + | -124 | 456 | -1,676 | -3,163 | 1,897 | -1,201 | -973 | -1,917 | -2,904 | 1,135 | -5,759 | -6,986 |
| Cash from Financing Activity + | 781 | 1,660 | 738 | 1,905 | 2,398 | 1,239 | 1,331 | -378 | 7,281 | 8,432 | 6,958 | 11,617 |
| Net Cash Flow | 752 | 841 | -668 | 205 | 549 | 421 | -707 | 550 | -122 | 3,309 | 1,327 | -264 |
| CFO/OP | 14 | -25 | 24 | 48 | -61 | 19 | -45 | 105 | -77 | -69 | 14 | -32 |
| Free Cash Flow | 162 | -1,331 | -166 | 823 | -4,841 | -940 | -1,791 | 2,443 | -5,353 | -7,346 | -1,471 | -7,712 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 11.66% | 13.25% | 14.72% | 12.24% | 11.66% | 11.28% | 10.84% | 10.67% | 10.51% | 10.3% | 10.79% | 11.99% |
| Promoters | 51.53% | 51.53% | 51.52% | 51.52% | 51.52% | 51.52% | 51.52% | 51.52% | 51.51% | 51.51% | 51.51% | 51.51% |
| Government | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| FII | 20.21% | 20.48% | 21.45% | 22.03% | 24.39% | 24.09% | 23.5% | 23.85% | 24.32% | 24.41% | 24.57% | 20.67% |
| DII | 16.51% | 14.66% | 12.23% | 14.12% | 12.34% | 13.04% | 14.06% | 13.88% | 13.59% | 13.73% | 13.06% | 15.75% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Ashok Leyland Ltd (this stock) | 92,660 | 24.9 | 6.53 | 27.4% |
| Mazagon Dock Shipbuil Ltd | 88,727 | 31.0 | 9.09 | 29.2% |
| Apar Industries Ltd. | 75,408 | 62.6 | 13.41 | 20.3% |
| Ge Vernova T&d India Ltd | 110,093 | 590.0 | 102.41 | 18.6% |
| Welspun Corp Limited | 74,716 | 32.4 | 8.16 | 19.4% |
| Waaree Energies Limited | 71,798 | 17.8 | 4.97 | 32.5% |
| Indo-mim Limited | 63,093 | 97.7 | — | 23.4% |
Which Mutual Funds Hold Ashok Leyland Ltd?
Frequently Asked Questions about Ashok Leyland Ltd
Ashok Leyland Ltd (ASHOKLEY) closed at ₹159.08 on NSE on 25 September 2026, up 1.78 (1.13%) from the previous close.
Ashok Leyland Ltd trades on the NSE (National Stock Exchange of India) under the symbol ASHOKLEY.
Ashok Leyland Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 24.9.
Ashok Leyland Ltd has a dividend yield of 2.21%.
Ashok Leyland Ltd's 52-week high is ₹215.0 and its 52-week low is ₹134.0.
Ashok Leyland Ltd has a market capitalisation of ₹92,660 crore.
Ashok Leyland Ltd has a TopFund Quality Score of 48/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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