Is Ashok Leyland (ASHOKLEY) overvalued or fairly valued?

MarketChacha shows Ashok Leyland's valuation in context — a forward P/E of about 18.3, a price-to-book of about 6.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Ashok Leyland's revenue?

Ashok Leyland reported revenue of ₹44,007 Cr for FY2026, with net profit of ₹3,566 Cr, per official filings.

What is the share price of Ashok Leyland (ASHOKLEY)?

Ashok Leyland last traded at ₹147.72 (-0.8% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

Ashok Leyland

ASHOKLEY · NSE · Auto/Commercial Vehicles · India

Snapshot

TickerASHOKLEY

ExchangeNSE

SectorAuto/Commercial Vehicles

IndustryFarm & Heavy Construction Machinery

CountryIndia

Employees9,891

HeadquartersChennai, India

Websitewww.ashokleyland.com

Filings tracked6

About Ashok Leyland

Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India. It operates in Commercial Vehicle and Financial Service segments. The company offers ICV trucks, haulage vehicles, tractors, and tippers; buses; light commercial vehicle goods carriers and passenger vehicles, and small commercial vehicle goods carriers; defense vehicles, such as armored, high mobility, specialist, and logistics vehicles; transit mixers for use in construction and mining operations; and tanker trucks, reefers, ambulances, and other custom-built vehicles. It also provides power solutions, such as diesel gensets, agriculture and industrial non-emission and emission engines, and marine genset and propulsion engines; spare parts; forgings and castings; manpower supply, air chartering, and IT services; and vehicle and housing financing services. In addition, the company trades in commercial vehicles; and operates retail parts stores. Further, it provides at-site and e-commerce service support; AL Revive Program, which restores accident vehicles; technical and driving training; AL Care, a one-stop solution designed to take care of service needs; iAlert, a telematics solution for vehicle and fuel platforms; uptime solution centers; AL Live, which provides live location tracking of mobile service vans; Re-AL, a vehicle buying, selling, and exchange platform; and LeyKart app. The company serves various customer categories, including commercial fleet operators, retail customers, government, industrial customers, defense and military customers, and special application vehicle customers through its distributors. It also exports its products to the Middle East, Africa, South Asia, Latin America, and the Commonwealth of Independent States countries. Ashok Leyland Limited was incorporated in 1948 and is headquartered in Chennai, India. Ashok Leyland Limited operates as a subsidiary of Hinduja Automotive Limited.

Who owns it

Promoters36.4%
Institutions31.5%
Public & other32.1%

204 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend3.8% → 8.1%

Margin has expanded by about 4.3 points — the business is getting more profitable.

Growth qualityrev 7% · PAT 37%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹13,228 Cr · EPS 1.61

Est. earnings growth -8.4%

Next fiscal year

Rev ₹53,174 Cr · EPS 8.10

Est. earnings growth +19.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Revenue (FY2026)

₹44,007 Cr

Net margin

8.1%

Revenue CAGR (3y)

+6.8%

Profit CAGR (3y)

+37.2%

Net profit (FY2026)

₹3,566 Cr

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Posts about ASHOKLEY

Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹44,007 Cr	₹3,566 Cr	8.1%
FY2025	₹38,753 Cr	₹3,303 Cr	8.5%
FY2024	₹38,367 Cr	₹2,618 Cr	6.8%
FY2023	₹36,144 Cr	₹1,380 Cr	3.8%

Quarterly

Period	Revenue	Net profit	Net margin
Q4 FY26	₹14,160 Cr	₹1,405 Cr	9.9%
Q3 FY26	₹11,534 Cr	₹796 Cr	6.9%
Q2 FY26	₹9,588 Cr	₹771 Cr	8.0%
Q1 FY26	₹8,725 Cr	₹594 Cr	6.8%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Credit Rating
Credit Ratings from CARE Ratings Limited
BSE9/22/2026material
Monthly Business Updates
Monthly Business updates for the month of August 2026
BSE9/1/2026
Earnings Call Transcript
Earnings call transcript
BSE8/21/2026
Allotment
Allotment of 30000 Non-Convertible Debentures of Rs. 1,00,000/- per NCD
BSE8/10/2026
Monthly Business Updates
Monthly sales volume for the month of July 2026
BSE8/3/2026
Restructuring
Ashok Leyland John Deere Construction Equipment Company Private Limited (ALJD), an Associate Company has been voluntarily liquidated.
BSE7/27/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.