Ashok Leyland financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹13,070cr+11.6% on Q1 FY26
Net profit
₹668cr+1.5% on Q1 FY26
EBITDA margin
18.4%−0.1 pts on Q1 FY26
EPS
₹1.05+1.0% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue13,07011,709+11.6%
EBITDA2,4102,173+10.9%
EBITDA margin18.4%18.6%−0.1 pts
Profit before tax944887+6.4%
Net profit668658+1.5%
EPS₹1.05₹1.04+1.0%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹13,070 crNet profit₹668 crNet margin5.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
85,083————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
12,60312,60311,2126,2415,420
4,3054,3053,6132,8102,245
63,93663,93649,96240,80231,161
1,40,721————
57,72356,36248,53545,79141,673
—+16.1%+6.0%+9.9%—
10,98210,7459,2087,9435,093
19.0%19.1%19.0%17.4%12.2%
9,8039,6078,1217,0164,193
3,7313,7213,3832,6961,362
6.5%6.6%7.0%5.9%3.3%
₹5.92₹5.91₹5.29₹4.23₹2.11
—+11.7%+25.1%+100.2%—
—−4,895128−6,258−4,499
—−2,945−1,648−1,134−929
−7,840−7,840−1,520−7,392−5,428
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

ASHOKLEY₹144.85

Ashok Leyland Ltd.

· Capital Goods & Defence
₹ CrorePeersEICHERMOTSUZLONBHELAPLAPOLLOPOLYCABGVT&DTMCVMAZDOCKMcap ₹85,083 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————85,083.4
- Cash, Equiv & ST Investments5,419.96,240.511,211.712,602.912,602.9
+ Minority Interest2,244.82,810.03,612.84,304.64,304.6
+ Total Debt31,160.940,802.249,962.163,935.763,935.7
Enterprise Value————1,40,720.8
Revenue41,672.645,790.648,535.156,362.157,723.1
Growth %, YoY—+9.9+6.0+16.1—
EBITDA5,092.97,942.99,207.810,745.010,981.9
Margin %12.2217.3518.9719.0619.03
EBIT4,192.77,015.68,121.19,607.49,803.1
Net Income1,361.72,696.33,382.83,721.03,731.0
Margin %3.275.896.976.606.46
EPS, Adj (current shares)2.114.235.295.915.92
Growth %, YoY—+100.2+25.1+11.7—
Cash from Operations-4,499.3-6,258.0128.5-4,894.7—
Capital Expenditures-929.1-1,133.5-1,648.1-2,945.5—
Free Cash Flow-5,428.4-7,391.5-1,519.6-7,840.2-7,840.2
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Ashok Leyland financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Ashok Leyland (NSE: ASHOKLEY) had a market capitalisation of ₹85,172 crore at the 29 October 2026 close (₹145.00 a share), a PE ratio of 24.5 on the last four quarters' profit and a price-to-book ratio of 5.98. In FY26 its consolidated net profit attributable to shareholders was ₹3,471 crore on revenue of ₹56,362 crore; in Q1 FY27 (April–June 2026) it was ₹616 crore, up 0.8% year on year. Its debt-to-equity ratio was 3.45 on 31 March 2026. Promoters held 51.51% of the shares on 30 September 2026.

Ashok Leyland Q1 FY27 results
filed 14 August 2026
Share price used
₹145.00 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Ashok Leyland at a glance · consolidated

Market cap
₹85,172 Crat ₹145.00 · 29 Oct close
PE ratio (last 4 quarters)
24.524.5 on FY26 profit
Price to book (PB)
5.98book value ₹24.25 a share
ROE (FY26)
26.2%−3.0 pts vs FY25ROCE 15.6%
Debt to equity
3.45net debt ₹46,856 Cr
Promoter holding
51.51%unchanged vs 30 Jun 202630 September 2026
Net worth
₹14,242 Cr+16.4% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹7,840 Cr
EPS (FY26)
₹5.91

Questions

What is the Ashok Leyland PE ratio today?

Ashok Leyland's PE ratio is 24.5 at the 29 October 2026 close (₹145.00 a share): a market capitalisation of ₹85,172 crore divided by consolidated net profit attributable to shareholders of ₹3,476 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹3,471 crore) it is 24.5.

What is the Ashok Leyland PB ratio (price to book value)?

Ashok Leyland's price-to-book (PB) ratio is 5.98 at the 29 October 2026 close: a market capitalisation of ₹85,172 crore divided by shareholders' equity (book value) of ₹14,242 crore on 31 March 2026. That is a book value of ₹24.25 per share against a share price of ₹145.00.

What is the Ashok Leyland debt to equity ratio?

Ashok Leyland's debt-to-equity ratio was 3.45 on 31 March 2026: borrowings of ₹63,936 crore against total equity of ₹18,546 crore. A year earlier, on 31 March 2025, it was 3.15.

What is the Ashok Leyland market cap?

Ashok Leyland's market capitalisation was ₹85,172 crore at the 29 October 2026 close: 587.39 crore shares at ₹145.00 each.

Is Ashok Leyland debt free?

No. Ashok Leyland had borrowings of ₹63,936 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 3.45. Its cash and current investments were ₹17,079 crore, so its net debt was ₹46,856 crore.

What is the Ashok Leyland dividend in 2026 and its record date?

In 2026, Ashok Leyland has declared one dividend: ₹2.50 (interim) with record date 3 June 2026.

What is the Ashok Leyland net worth?

Ashok Leyland's net worth — shareholders' equity in its consolidated balance sheet — was ₹14,242 crore on 31 March 2026, up 16.4% from ₹12,232 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹85,172 crore at the 29 October 2026 close.

What is the Ashok Leyland book value per share?

Ashok Leyland's book value per share was ₹24.25 on 31 March 2026: shareholders' equity of ₹14,242 crore divided by the 587.39 crore shares in issue. The share price at the 29 October 2026 close was ₹145.00.

What is the Ashok Leyland free cash flow?

In FY26, Ashok Leyland generated ₹4,895 crore of cash from operations and spent ₹2,945 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹7,840 crore. In FY25 it was −₹1,520 crore.

What is the Ashok Leyland ROE and ROCE?

In FY26, Ashok Leyland's return on equity (ROE) was 26.2% and its return on capital employed (ROCE) was 15.6%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 29.3% and ROCE 16.9%.

What is the Ashok Leyland shareholding pattern?

On 30 September 2026, Ashok Leyland's shares were held by promoters 51.51%, foreign portfolio investors (FII/FPI) 19.90%, domestic institutions (DII) 16.64% (including mutual funds at 9.94%) and retail and other non-institutional investors 11.89%. Over the year, FII holding was down 4.42 percentage points from 24.32% and DII holding was up 3.05 percentage points from 13.59%.

How does the Ashok Leyland PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Ashok Leyland's PE ratio is 24.5, the third highest of the four: Eicher Motors 36.0, Suzlon Energy 16.0 and BHEL 87.5, a peer average of 46.5. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What is the Ashok Leyland EPS?

Ashok Leyland's basic earnings per share (EPS) were ₹5.91 in FY26.

What is the Ashok Leyland promoter holding?

Promoters held 51.51% of Ashok Leyland on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

When are the Ashok Leyland next results?

Ashok Leyland has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What are the Ashok Leyland latest quarterly results?

Ashok Leyland's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit attributable to shareholders ₹616 crore, up 0.8% from ₹611 crore in Q1 FY26; revenue from operations ₹13,070 crore, up 11.6% year on year.

What is the Ashok Leyland revenue and profit in FY26?

In FY26 (April 2025–March 2026), Ashok Leyland's consolidated net profit attributable to shareholders was ₹3,471 crore, up 11.7% from ₹3,107 crore in FY25, on revenue from operations of ₹56,362 crore (up 16.1%). Over three years, from FY23, net profit was up 179.7%.

How does Ashok Leyland compare with its peers?

On FY26 consolidated figures, against Eicher Motors, Suzlon Energy and BHEL: Ashok Leyland's operating margin of 17.1% is the second highest of the four (Eicher Motors 21.1%, Suzlon Energy 16.2%, BHEL 6.0%; peer average 14.4%); its return on equity of 26.2% is the second highest of the four (Eicher Motors 23.8%, Suzlon Energy 40.6%, BHEL 6.3%; peer average 23.6%); its revenue growth over three years of 10.6% a year is the lowest of the four (Eicher Motors 17.5% a year, Suzlon Energy 41.0% a year, BHEL 13.1% a year; peer average 23.8% a year).

Ashok Leyland vs Eicher Motors: how do they compare?

In FY26, Ashok Leyland earned net profit attributable to shareholders of ₹3,471 crore on revenue of ₹56,362 crore, against ₹5,515 crore on ₹23,408 crore for Eicher Motors. Ashok Leyland's operating margin was 17.1% (Eicher Motors 21.1%) and its return on equity 26.2% (Eicher Motors 23.8%). At the 29 October 2026 close, Ashok Leyland's market capitalisation was ₹85,172 crore against ₹1,98,683 crore for Eicher Motors, and its PE ratio on FY26 profit 24.5 against 36.0.

Where do these Ashok Leyland figures come from?

From Ashok Leyland's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.