Ashok Leyland Ltd (ASHOKLEY) — shareholding pattern, promoter holding, financials and share price
About Ashok Leyland Ltd (ASHOKLEY)
Ashok Leyland Ltd operates in the Commercial Vehicles industry, within the Capital Goods sector. It trades on the NSE as ASHOKLEY and on the BSE under scrip code 500477. Its ISIN is INE208A01029.
Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries, it is one of the most fully-integrated manufacturing companies. Its headquarter is in Chennai [1] They manage driver training institutes across India and have trained over 8,00,000 drivers since inception. [1]
Ashok Leyland is a Chennai-headquartered flagship of the Hinduja Group that designs, manufactures and sells commercial vehicles including trucks, buses, engines, defence and special-application vehicles, and aftermarket services across India and international markets with a multi-plant global footprint and several subsidiaries focused on EVs, finance and mobility services.
Q3 FY26 marked record quarterly performance for Ashok Leyland with all-time high Q3 revenue (INR11,534 crores), EBITDA (INR1,535 crores) and PAT (INR1,105 crores), reflecting strong volume recovery, favourable GST-led replacement demand and operational leverage captured across truck and LCV segments.
Listed peers in Commercial Vehicles: Tata Motors Ltd, SML Mahindra Ltd, Atul Auto Ltd, Tejas Cargo India Ltd, Tankup Engineers Ltd, Anlon Technology Solutions Ltd.
Valuation & Returns
10 Jul 2026At ₹157.55 a share on 10 Jul 2026, Ashok Leyland Ltd (ASHOKLEY) was valued at a price-to-earnings ratio of 24.87x against an industry P/E of 29.75x and a price-to-book of 7.57x on a book value of ₹20.82 per share as of Mar 2025. Solomo computes return on equity of 30.42% and return on capital employed of 15.85% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 24.87x
- Industry P/E
- 29.75x
- P/B
- 7.57x
- EPS (TTM)
- ₹6.33
- Book value / share
- ₹20.82
- ROE
- 30.42%
- ROCE
- 15.85%
- ROA
- 4.55%
- Debt / equity
- 4.08x
- Dividend yield
- 2.22%
- EBITDA margin
- 19.61%
- 52-week range
- ₹114.96 – ₹215.42
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Ashok Leyland Ltd (ASHOKLEY) reported revenue of ₹56,362 crore, net profit of ₹3,721 crore and earnings per share of ₹5.91. That compares with revenue of ₹48,535 crore and net profit of ₹3,383 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹17,246 crore and net profit ₹1,381 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 26,237 | 41,673 | 45,703 | 48,535 | 56,362 |
| Net profit (₹ cr) | -285 | 1,359 | 2,696 | 3,383 | 3,721 |
| EPS (₹) | -0.61 | 2.11 | 4.23 | 5.29 | 5.91 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 7.63% | 17.28% | 21.35% | 6.37% |
| Profit growth | 26.81% | 69.01% | 82.68% | 25.46% |
| Stock price CAGR | 13% | 19% | 22% | 24% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 51.51% of Ashok Leyland Ltd (ASHOKLEY) (unchanged from the previous quarter), foreign institutional investors (FII) hold 20.68% and domestic institutional investors (DII) hold 15.76%. Promoters have pledged 40.1% of their holding. Market capitalisation was ₹92,543 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: KOTAK MAHINDRA TRUSTEE CO LTD (Under Various sub accounts) 1.65%, SBI MUTUAL FUND (Under various sub accounts) 1.43%, GOVERNMENT PENSION FUND GLOBAL 1.31%, T. ROWE PRICE EMERGING MARKETS DISCOVERY STOCK TRUST 1.29%, NPS TRUST (Under Various sub accounts) 1.18%, SBI LIFE INSURANCE CO. LTD 1.15%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 51.51% | 40.1% | 20.68% | 15.76% | 48.49% |
| Mar 2026 | 51.51% | 40.1% | 24.57% | 13.06% | 48.49% |
| Dec 2025 | 51.51% | 41.1% | 24.41% | 13.73% | 48.49% |
| Sep 2025 | 51.51% | 41.1% | 24.32% | 13.59% | 48.49% |
| Jun 2025 | 51.52% | 41.1% | 23.85% | 13.88% | 48.48% |
| Mar 2025 | 51.52% | 41.1% | 23.5% | 14.06% | 48.48% |
| Dec 2024 | 51.52% | 30.1% | 24.09% | 13.04% | 48.48% |
| Sep 2024 | 51.52% | 27.2% | 24.4% | 12.35% | 48.48% |