profit from every ₹100 of sales.
₹0₹100
Ashok Leyland
₹174.75-1.72% today
+17.9% in 1 year
1-year low ₹138.701-year high ₹211.90
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹29.57 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Ashok Leyland sold, what it kept, and what it did with the cash.
Sales went from ₹415 billion in 2023 to ₹561 billion in 2026, with ₹34.7 billion of profit last year.
SalesProfit
Ashok Leyland vs. similar companies
Ashok Leyland grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Ashok Leyland | 29.6× · Fair price | ||
 Caterpillar | 30.8× · Expensive | ||
 Deere & | 37.1× · Expensive | ||
 Paccar | 23.4× · Fair price | ||
 Daimler Truck | 16.1× · Fair price |
AI analysis
An AI analyst reads Ashok Leyland's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 414,883 | 455,173 | 483,418 | 560,760 | |
| 125,528 | 161,705 | 186,622 | 222,201 | |
| 48,395 | 75,011 | 87,731 | 108,417 | |
| 52,587 | 80,156 | 96,132 | 109,970 | |
| 12,387 | 24,835 | 31,068 | 34,710 | |
| 2.11 | 4.23 | 5.28 | 5.91 | |
| 30.3% | 35.5% | 38.6% | 39.6% | |
| 11.7% | 16.5% | 18.1% | 19.3% | |
| 3.0% | 5.5% | 6.4% | 6.2% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 547,460 | 675,956 | 817,145 | 1,010,407 |
| Cash | 19,086 | 52,173 | 65,448 | 62,809 |
| Total debt | 311,609 | 408,022 | 499,621 | 639,357 |
| Total liabilities | 439,502 | 557,810 | 658,697 | 824,945 |
| 85,518 | 90,046 | 122,321 | 142,417 | |
| 5,878 | 5,881 | 5,884 | 5,873 | |
| 8.7% | 11.2% | 10.8% | 10.0% | |
| 14.5% | 27.6% | 25.4% | 24.4% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -44,993 | -62,580 | 1,285 | -48,947 | |
| 9,291 | 11,335 | 16,481 | 29,455 | |
| -54,284 | -73,915 | -15,196 | -78,402 | |
| Dividends paid | 2,936 | 7,634 | 20,408 | 18,354 |
| – | – | – | – | |
| 35 | 86 | 138 | -290 |
Valuation
- 29.6×
- –
- 0.72
- 5.7×
- 1.8×
- –
- 14.6×
- -7.6%
- 3.4%
- 1.8%
Profitability
- 39.6%
- 19.3%
- 6.2%
- –
- 9.5%
- 9.7%
- –
- –
- –
- –
Growth
- +10.6%
- +41.1%
- –
- –
- −0.0%
Financial health
- 5.2×
- 4.49
- –
- 2.1×
- 1.32
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 38%of 979
Top 14%of 984
Bottom 32%of 862
Top 33%of 983
Bottom 7%of 986
1.8%of the share price, paid each year
On $1,000 invested$18a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
52.9% of its profit
Room to growStretchedMore than it earnsNews
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
32No pass
Benjamin Graham
29No pass
Philip Fisher
54No pass
Peter Lynch
73Pass
Joel Greenblatt
30No pass
Charlie Munger
32No pass
Terry Smith
27No pass
Questions about Ashok Leyland
Is Ashok Leyland a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ashok Leyland AI analysis
What does Ashok Leyland do?
Ashok Leyland Limited, together with its subsidiaries, engages in the manufacture and sale of commercial vehicles in India and internationally. It is in Farm & Heavy Construction Machinery, based in Chennai, India, with 9,695 employees.
Does Ashok Leyland pay a dividend?
Yes. At today's price the dividend is 1.8% a year, about 53% of its yearly profit. In 2026 it paid out ₹18.4 billion in dividends.
Is Ashok Leyland stock halal?
No. Ashok Leyland does not pass our halal screen: its debt is 62% of its market value, at or above the 33% limit. How we check
How has Ashok Leyland stock done over the past year?
Up 17.9% over the past twelve months, to ₹174.75. It traded between ₹138.70 and ₹211.90 and is 17.5% below its high.
Who are Ashok Leyland's competitors?
The largest listed companies in the same industry are Caterpillar, Deere &, Paccar and Daimler Truck. The peers table on this page compares their profit, growth and price with Ashok Leyland's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.