Ashok Leyland Ltd Share Price Target 2025, 2026, 2027 to 2030: We’ll analyze Ashok Leyland Ltd’s share targets for 2025, 2026, 2027, and 2030. As a leading commercial vehicle manufacturer in India, Ashok Leyland is poised for growth with increasing demand for eco-friendly vehicles and expansion into new markets. Its focus on innovation and sustainability positions it well for long-term success.
Overview of Ashok Leyland Ltd
What is Ashok Leyland?
Ashok Leyland Ltd is a leading Indian multinational automotive manufacturer headquartered in Chennai. Established in 1948 as Ashok Motors, the company became Ashok Leyland in 1955 following a collaboration with British Leyland. As a prominent player in the commercial vehicle market, Ashok Leyland manufactures a wide range of vehicles, including buses, trucks, and defense vehicles. With a strong focus on innovation and sustainability, the company has maintained a significant presence in both domestic and international markets. Ashok Leyland is a key part of the Hinduja Group, contributing to India’s growing automotive sector.
Key Features of Ashok Leyland:
- Business Model: A major manufacturer of commercial vehicles, specializing in buses, trucks, and defense vehicles, with a focus on sustainable transportation solutions.
- Core Offerings: Manufacturing and sale of commercial vehicles, electric vehicles (through Switch Mobility), and parts for the automotive industry.
- Market Position: One of the top players in India’s commercial vehicle market, known for its strong brand and market leadership.
- Revenue: ₹41,783 crores (US$5.2 billion) in 2023, reflecting its substantial market footprint.
- Subsidiaries: Switch Mobility (electric vehicle division), Hinduja Foundries (automotive component manufacturing).
Information about Ashok Leyland:
| Information | Details |
|---|---|
| Website | ashokleyland.com |
| Founder | Raghunandan Saran |
| CEO | (Not provided) |
| Founded | 7 September 1948 |
| Headquarters | Chennai, India |
| Number of Employees | 9,607 (2024) |
| Parent Organization | Hinduja Group |
| Revenue | ₹41,783 crores (2023) |
| Subsidiaries | Switch Mobility, Hinduja Foundries |
| Key Focus Areas | Commercial vehicles, electric vehicles, automotive components |
| Share Price | ₹220 (+1.22%) as of 18 Nov (Close Price) |
| BSE Symbol | 500477 |
| NSE Symbol | ASHOKLEY |
Current Market Position of Ashok Leyland Share
As of November 2024, Ashok Leyland’s share has shown a mixed performance. It is up by +1.24% today but has declined by -1.82% over the past week. Over the past month, the share has dropped by -1.36%. In the past three months, it has decreased significantly by -13.95%. Over the past year, the share has risen by +26.36%. Over the past three years, the share has gained +58.0%, and over the past five years, it has grown substantially by +168.11%.
Ashok Leyland Share Fundamental Data
- Market Cap: ₹64,666 Cr.
- Current Price: ₹220
- High / Low: ₹265 / ₹158
- Stock P/E: 25.0
- Book Value: ₹35.1
- Dividend Yield: 2.25%
- ROCE: 15.0%
- ROE: 28.4%
- Face Value: ₹1.00
Market Position of Ashok Leyland Share as of November 2024
| Time Period | Returns of Ashok Leyland Share |
|---|---|
| 1 Day | 1.24% |
| 1 Week | -1.82% |
| 1 Month | -1.36% |
| 3 Months | -13.95% |
| 1 Year | 26.36% |
| 3 Years | 58.0% |
| 5 Years | 168.11% |
Ashok Leyland Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
Ashok Leyland Share Price Target in 2024
In 2024, the share price target for Ashok Leyland is expected to be ₹273, with a minimum target of ₹200, driven by its continued dominance in the Indian commercial vehicle market and strong demand for its products.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹200 | ₹273 |
Ashok Leyland Share Price Target in 2025
For 2025, the share price target for Ashok Leyland is projected to rise to ₹318, with a minimum target of ₹250, supported by expanding electric vehicle offerings and a strong growth trajectory in the Indian and international markets.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹250 | ₹318 |
Ashok Leyland Share Price Target in 2026
In 2026, the share price target for Ashok Leyland is expected to reach ₹394, with a minimum target of ₹280, as the company strengthens its leadership in the electric vehicle and commercial vehicle segments.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹280 | ₹394 |
Ashok Leyland Share Price Target in 2027
By 2027, the share price target for Ashok Leyland is projected to range between ₹451 and ₹465, reflecting the company’s continued expansion and increasing market share.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹320 | ₹451 |
Ashok Leyland Share Price Target in 2028
In 2028, Ashok Leyland’s share price target is expected to reach ₹568, with a minimum target of ₹350, as the company benefits from its diverse product portfolio and innovation in sustainable vehicle technologies.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹350 | ₹568 |
Ashok Leyland Share Price Target in 2029
Ashok Leyland’s share price target for 2029 is estimated to range between ₹687 and ₹700, supported by its ongoing growth in both domestic and international markets.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹380 | ₹687 |
Ashok Leyland Share Price Target in 2030
For 2030, the share price target for Ashok Leyland is projected at ₹708, with a minimum target of ₹420, reflecting its continued leadership in the commercial vehicle sector and sustained innovation.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹420 | ₹708 |
Financial Health and Performance Analysis of Ashok Leyland (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹45,931.22 Cr | +9.93% |
| Total Expenses | ₹41,757.31 Cr | +5.52% |
| Profit after Tax (PAT) | ₹2,483.52 Cr | +100.15% |
| Operating Profit Margin | 15.62% | – |
| Net Profit Margin | 5.42% | – |
| Basic EPS (₹) | ₹8.46 | +100.15% |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹41,783.37 Cr | +58.73% |
| Total Expenses | ₹39,573.42 Cr | +51.00% |
| Profit after Tax (PAT) | ₹1,240.81 Cr | – |
| Operating Profit Margin | 10.32% | – |
| Net Profit Margin | 2.97% | – |
| Basic EPS (₹) | ₹4.23 | – |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹26,323.96 Cr | +34.41% |
| Total Expenses | ₹26,206.92 Cr | +32.84% |
| Profit after Tax (PAT) | ₹-358.61 Cr | – |
| Operating Profit Margin | 7.56% | – |
| Net Profit Margin | -1.36% | – |
| Basic EPS (₹) | ₹-1.22 | – |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹19,585.26 Cr | -11.21% |
| Total Expenses | ₹19,727.92 Cr | -7.25% |
| Profit after Tax (PAT) | ₹-165.23 Cr | – |
| Operating Profit Margin | 9.03% | – |
| Net Profit Margin | -0.84% | – |
| Basic EPS (₹) | ₹-0.56 | – |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹22,059.10 Cr | -33.81% |
| Total Expenses | ₹21,269.56 Cr | -30.18% |
| Profit after Tax (PAT) | ₹336.67 Cr | -83.80% |
| Operating Profit Margin | 11.80% | – |
| Net Profit Margin | 1.53% | – |
| Basic EPS (₹) | ₹1.15 | – |
Analysis Summary:
- Revenue Performance: In FY 2024, Ashok Leyland’s total revenue grew by 9.93%, following a strong growth of 58.73% in FY 2023. The revenue increase in FY 2024 indicates the company’s recovery and steady growth after the sharp declines in the previous years.
- Expense Management: Total expenses increased by 5.52% in FY 2024, significantly lower than the 51.00% rise in FY 2023, showing better cost control amid expanding operations and revenues.
- Profitability: The company’s Profit After Tax (PAT) showed a remarkable increase of 100.15% in FY 2024, reversing the losses in FY 2021 and FY 2022. This reflects the company’s successful recovery and profitability. In FY 2022, the company faced losses with negative PAT.
- Margins: The operating profit margin for FY 2024 stood at 15.62%, an improvement from FY 2023 (10.32%). The net profit margin of 5.42% shows solid profitability compared to revenue.
- Earnings Per Share (EPS): The basic EPS for FY 2024 was ₹8.46, reflecting a significant 100.15% increase from FY 2023, signaling improved earnings per share after several years of decline.
How to Buy Ashok Leyland Shares:
- Choose a Broker: Select a trusted broker that offers Ashok Leyland shares for trading.
- Open a Trading Account: Set up a trading account and a Demat account with your chosen broker.
- Complete KYC: Submit the required documents for identity verification.
- Deposit Funds: Fund your trading account with the desired investment amount.
- Search for Ashok Leyland Shares: Find Ashok Leyland shares on the broker’s platform.
- Place an Order: Choose the number of shares you want to purchase and place an order (market or limit).
- Confirm Purchase: Review the order details and confirm the transaction.
- Monitor Investment: Keep track of your investment and make adjustments as needed based on the market trends.
Ashok Leyland Share Price Target for the Next 5 Years
Ashok Leyland is expected to continue its growth trajectory in the coming years, driven by its strong position in the commercial vehicle market, expanding electric vehicle offerings, and growing international presence. The share price target for Ashok Leyland is projected to rise steadily as the company capitalizes on these opportunities.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹200 | ₹273 |
| 2025 | ₹250 | ₹318 |
| 2026 | ₹280 | ₹394 |
| 2027 | ₹320 | ₹451 |
| 2028 | ₹350 | ₹568 |
Shareholding Pattern of Ashok Leyland
Promoters:
- No. of Shares: 1,50,06,60,261
- Percentage: 51.52%
- % Change QoQ: 0.00%
Pledge:
- No. of Shares: 40,86,60,000
- Percentage: 27.23%
- % Change QoQ: +5.12%
FII:
- No. of Shares: 71,05,75,669
- Percentage: 24.39%
- % Change QoQ: +2.35%
DII:
- No. of Shares: 35,69,49,100
- Percentage: 12.25%
- % Change QoQ: -1.79%
MF:
- No. of Shares: 15,67,15,573
- Percentage: 5.38%
- % Change QoQ: -1.42%
Others:
- No. of Shares: 36,82,42,246
- Percentage: 11.84%
- % Change QoQ: -0.56%
Pros and Cons of Ashok Leyland
Pros:
- Strong Promoter Ownership: The promoters hold over 50% of Ashok Leyland’s shares, providing control and strategic direction.
- FII Involvement: A significant stake held by Foreign Institutional Investors (FII) increases global confidence in the company.
- Growing Institutional Support: The company has a strong following among institutional investors (DII and MF), which adds stability and liquidity to its shares.
Cons:
- Pledging of Shares: A substantial percentage (27.23%) of shares are pledged, which could pose risks if there are market fluctuations or financial stress.
- Declining DII and MF Holdings: The reduction in stakes from Domestic Institutional Investors and Mutual Funds suggests a decrease in their confidence or investment in the company.
- Market Sensitivity: The company’s performance is susceptible to changes in the commercial vehicle sector and overall market conditions, which can lead to volatility.
Peer Competitors of Ashok Leyland in the Automobile Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Tata Motors | 772.05 | 284,209.32 |
| Ashok Leyland | 220.30 | 64,665.72 |
| Olectra Greentec | 1,426.90 | 11,703.84 |
| Force Motors | 6,698.85 | 8,836.22 |
| SML ISUZU | 1,649.15 | 2,385.57 |
(FAQ)
1. What is Ashok Leyland’s current share price?
- As of the latest data, Ashok Leyland’s share price is ₹220.30.
2. What is the market capitalization of Ashok Leyland?
- Ashok Leyland’s market capitalization is ₹64,665.72 crore.
3. What is the primary business of Ashok Leyland?
- Ashok Leyland is a leading manufacturer of commercial vehicles in India, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
4. What is the P/E ratio of Ashok Leyland?
- Ashok Leyland has a Price-to-Earnings (P/E) ratio of 25.05.
5. What is Ashok Leyland’s dividend yield?
- Ashok Leyland offers a dividend yield of 2.25%.
6. How has Ashok Leyland performed in terms of quarterly profit?
- The company’s quarterly profit is ₹766.55 crore, with a 15.40% increase compared to the previous quarter.
7. What is Ashok Leyland’s ROCE?
- The Return on Capital Employed (ROCE) for Ashok Leyland is 15.01%.
8. What are the key competitors of Ashok Leyland in the automobile industry?
- Key competitors include Tata Motors, Olectra Greentec, Force Motors, and SML ISUZU.
9. Where is Ashok Leyland headquartered?
- Ashok Leyland is headquartered in Chennai, Tamil Nadu, India.
10. When was Ashok Leyland founded?
- Ashok Leyland was founded in 1948.
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