| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 43 | | Target | | | | | 37 | | Reco | | | | | BUY | | Net Sales | 110,380 | 126,208 | 120,648 | 95,404 | 107,936 | | Growth (%) | | 14 | -4 | -21 | 13 | | EBIDTA | 12,137 | 12,561 | 8,762 | 1,664 | 6,582 | | EBITDA Margin | | 10 | 7 | 2 | 6 | | Net Profit | 6,313 | 5,644 | 1,438 | -4,764 | -417 | | Growth (%) | | -11 | -75 | -431 | -91 | | EPS, Rs | 2.4 | 2.1 | 0.5 | -1.8 | -0.2 | | PER, x | 18.3 | 20.4 | 80.2 | (24.2) | (276.6) | | EV/EBIDTA, x | 11 | 12 | 18 | 97 | 24 | | P/BV, x | 3 | 3 | 3 | 3 | 3 | | ROE, % | 16 | 13 | 3 | -11 | -1 | | Total debt/Equity (%) | 60.3 | 72.8 | 97.4 | 103.8 | 99.7 |
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Latest Reports
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| Date |
Description |
Country |
Analyst |
Download |
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| 06-Feb-2024 |
Ashok Leyland (AL IN) : Near term headwinds but CV transformation 2.0 to continue - BUY (Maintained) |
India |
Saksham Kaushal |
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| 11-Nov-2023 |
Ashok Leyland (AL IN) : CV cycle to continue into FY25 on strong macros - BUY (Maintained) |
India |
Saksham Kaushal |
|
| 24-Jul-2023 |
Ashok Leyland (AL IN) : Sustaining of improved cost structure, Upgrade to buy - BUY (Upgrade) |
India |
Saksham Kaushal |
|
| 15-Jun-2023 |
Ashok Leyland (AL IN) : Strong aspirations in a highly competitive industry - NEUTRAL (Maintain) |
India |
Saksham Kaushal |
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| 24-May-2023 |
Ashok Leyland (AL IN) : MHCV mix peaking; margin dependent on softer commodity - NEUTRAL (Maintain) |
India |
Saksham Kaushal |
|
| 02-Feb-2023 |
Ashok Leyland (AL IN) - Q3FY23 update - Margins recover on favorable RM prices - Maintain Neutral |
India |
Saksham Kaushal |
|
| 13-Nov-2022 |
Ashok Leyland (AL IN) - Q2FY23 update - Market share gains a positive, but margins still weak - Maintain Neutral |
India |
Saksham Kaushal |
|
| 01-Aug-2022 |
Ashok Leyland (AL IN) - Q1FY23 update - Weaker than expected performance but outlook better - Maintain Neutral |
India |
Saksham Kaushal |
|
| 20-May-2022 |
Ashok Leyland (AL IN) - Q4FY22 update - Market share gains should allay some concerns - Maintain Neutral |
India |
Saksham Kaushal |
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| 14-Feb-2022 |
Ashok Leyland (AL IN) - Q3FY22 update - Valuations not yet favorable - Maintain Neutra |
India |
Saksham Kaushal |
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| 15-Nov-2021 |
Ashok Leyland (AL IN) - Q2FY22 update - Impending growth already priced in - Maintain Neutral |
India |
Saksham Kaushal |
|
| 13-Aug-2021 |
Ashok Leyland (AL IN) - Q1FY22 update - Good times ahead, but in the price - Maintain Neutral |
India |
Saksham Kaushal |
|
| 28-Jun-2021 |
Ashok Leyland (AL IN) - Recovery dampened by the second wave of covid - Maintain Neutral |
India |
Saksham Kaushal |
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| 14-Feb-2021 |
Ashok Leyland (AL IN) - Q3FY21 update - Sequential improvement, valuations a risk - Maintain Neutral |
India |
Anjali Verma |
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| 14-Aug-2020 |
Ashok Leyland (AL IN) - Q1FY21 Update - Reasonable performance in weak environment - Maintain Neutral |
India |
Saksham Kaushal |
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| 28-Jun-2020 |
Ashok Leyland (AL IN) - Q4FY20 Update - Looking to the future - Maintain Neutral |
India |
Saksham Kaushal |
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| 17-Feb-2020 |
Ashok Leyland (AL IN) - Q3FY20 update - Near term weakness priced in - Neutral |
India |
Saksham Kaushal |
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| 11-Nov-2019 |
Ashok Leyland (AL IN): Weakness to Persist in Near Term |
India |
Saksham Kaushal |
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| 01-Aug-2019 |
Ashok Leyland (AL IN)- Volume outlook uncertain |
India |
Saksham Kaushal |
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| 27-May-2019 |
Ashoka Buildcon 4QFY19 - Strong performance continue; McQ exit the only concern |
India |
Vibhor Singhal |
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| 24-May-2019 |
Ashok Leyland (Neutral; TP:Rs107): Subdued Outlook |
India |
Saksham Kaushal |
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| 14-Nov-2018 |
Ashok Leyland (Neutral; TP:Rs110):High discounting, fizzling demand |
India |
Vibhor Singhal |
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