Ashok Leyland share price
NSE: ASHOKLEYBSE: 500477Agricultural, Commercial & Construction VehiclesMid Cap
Last close ₹144.95down ₹1.08 (0.74%)BSE ₹145.95
Share price at the NSE close on 23 Oct 2026. Previous close ₹146.03.
52-week range of traded prices to 23 Oct 2026
₹135.82Low, 24 Oct 2025₹215.42High, 11 Feb 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹85,142 Cr107th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 24.5
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹384 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 22.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 6.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.41%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 26.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹384 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 29.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 11.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 3.45
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,72,34,07450.8% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 14 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹13,070 Crdown 24.22%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹668 Crdown 51.66%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 5.1%
Revenue by year
Peak revenue ₹56,362 Cr, year to Mar 2026
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 2 of the 10 years shown
| ₹ crore | Sep 2024Filed 8 Nov | Dec 2024Filed 12 Feb | Mar 2025Filed 10 Jun | Jun 2025Filed 14 Aug | Sep 2025Filed 12 Nov | Dec 2025Filed 11 Feb | Mar 2026Filed 29 May | Jun 2026Filed 14 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,148 | 11,995 | 14,696 | 11,709 | 12,577 | 14,830 | 17,246 | 13,070 |
| Net profit | 767 | 820 | 1,246 | 658 | 820 | 862 | 1,381 | 668 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 6.9% | 6.8% | 8.5% | 5.6% | 6.5% | 5.8% | 8.0% | 5.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Commercial vehicleCommercial vehicle, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹48,314 Crup 14.13%85.7%
- Financial serviceFinancial service, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8,049 Crup 29.77%14.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 9% of 979 trading days over the last 5 years.
LowestHighest
Its median26.1Industry median26.5
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 65% of 1,969 trading days since Nov 2018.
LowestHighest
Its median5.7Industry median3.8
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.12.6
At or below today's level on 38% of 1,969 trading days since Nov 2018.
LowestHighest
Its median13.4Industry median22.8
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 76% of 2,470 trading days over the last 10 years.
LowestHighest
Its median1.46%Industry median0.77%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +53.2% | +11.7% | +35.1% | 2.3% |
| 3 years | +33.1% | +40.9% | −7.5% | 2.7% |
| 5 years | +24.3% | – | – | 2.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 and 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.
Mutual funds holding it
255 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 129 of the 163 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 82
- CutCut. Funds that held fewer shares than at the end of the month before.
- 81
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 84
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 9
| Fund | |||
|---|---|---|---|
 SBI Large & Midcap FundSBI Mutual Fund | 5,60,00,000 | 2.13% | ₹863.5 Cr |
 Kotak Large & Mid Cap FundKotak Mahindra Mutual Fund | 4,20,00,000 | 2.12% | ₹647.6 Cr |
 ICICI Prudential Focused FundICICI Prudential Mutual Fund | 3,92,29,127 | 3.52% | ₹604.9 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 3,70,00,000 | 1.14% | ₹570.5 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 2,97,41,264 | 0.42% | ₹458.6 Cr |
 Motilal Oswal Flexi cap FundMotilal Oswal Mutual Fund | 2,00,00,000 | 2.29% | ₹308.4 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 1,84,70,771 | 1.48% | ₹284.8 Cr |
| Kotak Arbitrage FundKotak Mahindra Mutual Fund | 1,71,30,000 | 0.35% | ₹264.1 Cr |
 Franklin India Flexi Cap FundFranklin Templeton Mutual Fund | 1,63,32,916 | 1.38% | ₹251.8 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 1,61,38,853 | 1.48% | ₹248.8 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Agricultural, Commercial & Construction Vehicles, 16 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Ashok Leyland in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Tata MotorsTMCV | 1,45,838 | 34.8 | 11.5 | 16.2 | – | – | 32.9% | 39.0% | 1.01% |
 Escorts KubotaESCORTS | 29,390 | 21.3 | 2.4 | 18.7 | +18.0% | −41.4% | 12.2% | 10.2% | 1.94% |
 BEMLBEML | 15,419 | 86.5 | 5.3 | 44.8 | +12.8% | −40.4% | 6.1% | 8.1% | 0.92% |
 Action Construction EquipmentACE | 11,910 | 27.3 | 5.9 | 22.4 | +5.2% | +3.3% | 24.1% | 24.5% | 0.20% |
 SML MahindraSMLMAH | 7,009 | 47.7 | 12.5 | 27.0 | +22.4% | +3.9% | 29.3% | 35.0% | 0.49% |
 Ajax EngineeringAJAXENGG | 6,303 | 27.7 | 4.5 | 23.3 | – | – | 17.9% | 18.2% | 0.00% |
 V.S.T Tillers TractorsVSTTILLERS | 3,372 | 31.0 | 3.1 | 19.7 | +17.0% | −5.0% | 10.4% | 13.2% | 0.64% |
 TILTIL | 1,652 | – | – | – | +21.3% | – | −31.8% | 2.1% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹3.50 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 3 Jun 2026 | Interim | ₹2.50 |
| 18 Nov 2025 | Interim | ₹1.00 |
| 22 May 2025 | Interim | ₹4.25 |
| 19 Nov 2024 | Interim | ₹2.00 |
| 3 Apr 2024 | Interim | ₹4.95 |
| 7 Jul 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.60 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
22 Oct · Management
9 Oct · Rating
1 Oct · Monthly Business Updates
Sep 2026
22 Sep · Rating
16 Sep · Analysts
16 Sep · Analysts
Ashok Leyland share price by year
Each calendar year to 2025.Ashok Leyland share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 179.19 | +62.5% | 179.19 | 98.06 |
| 2024 | 110.25 | +21.5% | 131.08 | 79.90 |
| 2023 | 90.78 | +26.6% | 94.45 | 67.30 |
| 2022 | 71.70 | +17.1% | 83.28 | 49.58 |
| 2021 | 61.23 | +28.3% | 76.05 | 49.55 |
| 2020 | 47.73 | +17.1% | 50.03 | 17.23 |
| 2019 | 40.75 | −20.5% | 51.25 | 28.95 |
| 2018 | 51.25 | −13.9% | 82.78 | 50.23 |
| 2017 | 59.55 | +48.7% | 65.60 | 40.50 |
| 2016 | 40.05 | −8.9% | 55.68 | 37.35 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 146.03 | 146.23 | 142.02 | 144.95 | 143.94 | 1,72,34,074 | 50.8% |
| 22 Oct 2026 | 144.95 | 147.29 | 143.04 | 146.03 | 145.70 | 96,16,781 | 41.9% |
| 21 Oct 2026 | 147.72 | 148.30 | 144.03 | 146.74 | 145.62 | 80,18,067 | 48.1% |
| 19 Oct 2026 | 148.32 | 149.40 | 147.21 | 147.72 | 148.35 | 85,02,677 | 44.7% |
| 16 Oct 2026 | 149.10 | 150.00 | 148.01 | 148.91 | 149.24 | 1,10,21,561 | 47.9% |
| 15 Oct 2026 | 145.45 | 150.50 | 144.66 | 148.18 | 148.43 | 2,11,16,770 | 44.5% |
| 14 Oct 2026 | 146.68 | 146.88 | 144.20 | 145.00 | 145.01 | 1,71,55,545 | 48.0% |
| 13 Oct 2026 | 144.99 | 147.37 | 143.50 | 147.37 | 145.76 | 1,06,46,596 | 48.6% |
| 12 Oct 2026 | 146.85 | 148.20 | 144.08 | 144.25 | 146.01 | 1,25,09,977 | 40.7% |
| 9 Oct 2026 | 146.00 | 147.31 | 143.65 | 145.06 | 145.74 | 1,11,02,691 | 46.9% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 16 Jul 2025 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 19 Mar 2020 | Price move | – | A corporate action went ex within three days of this move (Interim Dividend -Rs 0.50 Per Share, ex-date 19 Mar 2020), and its terms do not account for the move. Not adjusted for. |
| 2 Aug 2011 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 21 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.
About Ashok Leyland
Ashok Leyland Limited makes commercial vehicles. It is headquartered in Chennai and is the Indian flagship of the Hinduja Group. It was incorporated in 1948. Its customers include commercial fleet operators, who buy trucks and buses for transport and logistics, and retail buyers who own a small fleet or a single truck.
The business is organised around medium and heavy commercial vehicles, which are trucks and buses, and light commercial vehicles. It also sells spare parts and runs a defence business and a power solutions business. In 2017, three wholly owned subsidiaries were amalgamated into the company.
The company has plants at Ennore, Sriperumbudur and Hosur in Tamil Nadu, and at Bhandara, Alwar, Pantnagar and Vijayawada. A plant at Lucknow began operations in January 2026. Its vehicles are sold across 28 states and 7 union territories in India and in 50 countries. The service and sales network stands at 2,104 touchpoints. It also has a wholly owned subsidiary in Saudi Arabia for local assembly.
Its electric vehicle subsidiary, Switch Mobility India, delivers electric buses and electric light commercial vehicles. OHM Mobility, another subsidiary, runs electric buses as a service in Indian cities. The financial services businesses include Hinduja Leyland Finance, a material subsidiary, and Hinduja Housing Finance.
The executive chairman, Dheeraj G Hinduja, is a member of the Hinduja family, which owns and controls the Hinduja Group.
- Legal name
- Ashok Leyland Limited
- NSE symbol
- ASHOKLEY
- BSE code
- 500477
- ISIN
- INE208A01029
- Industry
- Agricultural, Commercial & Construction Vehicles
- Listed
- Mar 1976 on BSE, May 1995 on NSE
- Face value
- ₹1
- CIN
- L34101TN1948PLC000105
- Corporate identity number, the registrar of companies' code for it
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