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India
As of 18 Sept 2026, 03:30 pm
Between March 2019 and March 2020, Ashok Leyland's total assets decreased from ₹39,126 crore to ₹38,130 crore, and total liabilities also decreased from ₹39,126 crore to ₹38,130 crore. During this period, borrowings increased from ₹19,168 crore to ₹22,417 crore, while equity capital remained stable at ₹294 crore. Reserves decreased from ₹8,452 crore to ₹7,495 crore. Fixed assets saw an increase from ₹6,695 crore to ₹8,031 crore, while investments decreased from ₹1,492 crore to ₹960 crore.
Ashok Leyland's cash flow from operating activities has shown a significant improvement. In the fiscal year ending March 2019, the company reported a negative cash flow from operations of -₹3,745 crore. This improved to a positive ₹383 crore for the fiscal year ending March 2020. Consequently, free cash flow also improved from -₹4,841 crore in March 2019 to -₹940 crore in March 2020.
As of September 18, 2026, technical indicators suggest a mixed trend. The daily trend shows a bearish SuperTrend direction at 169.88, with the closing price at ₹163.0 being below the 20-day Exponential Moving Average (EMA) of ₹166.29 and the 50-day Simple Moving Average (SMA) of ₹166.5. However, the weekly trend indicates a bullish SuperTrend direction at 144.21, with the closing price above the 20-day EMA of ₹152.28 and the 20-day SMA of ₹148.81.
Ashok Leyland has scheduled several investor meetings in September 2026. These include participation in the UBS India Summit 2026 in Mumbai on September 11, the Anand Rathi Annual Flagship Conference G-200 Summit in Mumbai on September 21, the Bank of America 2026 Asia Pacific Conference in Hong Kong on September 22, and the CLSA 33rd Investor Forum in Hong Kong on September 23. These meetings are scheduled to be held in physical mode, and the company has indicated that no formal presentations are intended.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹13,069.59 crore | PEAK₹17,246.44 crore | ₹14,830.24 crore | ₹12,576.86 crore | ₹11,708.54 crore |
| Expenses | ₹12,314.66 crore | PEAK₹15,492.83 crore | ₹13,490.15 crore | ₹11,555.78 crore | ₹10,920.53 crore |
| Profit Before Tax | ₹943.58 crore | PEAK₹1,905.19 crore | ₹1,195.34 crore | ₹1,115.97 crore | ₹886.67 crore |
| Profit Loss For Period | ₹667.77 crore | PEAK₹1,381.32 crore | ₹862.24 crore | ₹819.70 crore | ₹657.72 crore |
| Finance Costs | PEAK₹1,340.60 crore | ₹1,240.61 crore | ₹1,200.12 crore | ₹1,152.02 crore | ₹1,111.90 crore |
| Tax Expense | ₹281.95 crore | PEAK₹558.46 crore | ₹337.35 crore | ₹304.31 crore | ₹233.69 crore |
Revenue from operations was ₹13,069.59 crore, an increase of 11.6% from ₹11,708.54 crore in the first quarter of the previous fiscal year. Compared to the March 2026 quarter, revenue fell 24.2% from ₹17,246.44 crore.
Total expenses rose 12.8% to ₹12,314.66 crore, slightly outpacing revenue growth. The ratio of total expenses to revenue increased from 93.3% to 94.2%, indicating a narrowing of overall profitability per rupee of sales.
Finance costs were ₹1,340.60 crore, up 20.6% year-on-year from ₹1,111.90 crore and up 8.1% sequentially from ₹1,240.61 crore. The finance cost-to-revenue ratio rose from 9.5% to 10.3% year-on-year.
Tax expense was ₹281.95 crore, up 20.7% year-on-year from ₹233.69 crore. The effective tax rate increased from 26.4% to 29.9%, further limiting the growth of net profit relative to pre-tax profit.
Basic and diluted earnings per share were ₹1.05, essentially unchanged from ₹1.04 in the same quarter last year. The company’s paid-up equity share capital was ₹587.39 crore in the current quarter, compared to ₹293.65 crore a year earlier.
Ashok Leyland’s June 2026 quarter demonstrated year-on-year revenue growth, but profit expansion was held back by a sharp rise in finance costs and a higher tax rate. While underlying segment profit grew strongly, non-segment items offset much of that gain. The sequential decline from the March quarter reflects lower revenue alongside higher financing expenses.
Exchange disclosures and regulatory announcements for Ashok Leyland.
Ashok Leyland informed stock exchanges of a scheduled investor meeting at the Bank of America 2026 Asia Pacific Conference on September 22, 2026, from 10:00 to 16:50 HKT at Island Shangri-la Hong Kong, in physical mode, with various participants and no presentation intended. The schedule is subject to change.
Ashok Leyland Limited announced an investor meeting scheduled for September 21, 2026, from 10:00 to 18:00 IST at Taj Santacruz in Mumbai as part of the Anand Rathi Annual Flagship Conference G-200 Summit. The physical event will feature various participants with no formal presentation intended. The company disclosed this schedule via a filing dated September 16, 2026, noting that the details are subject to change.
Ashok Leyland Limited has scheduled its participation in the CLSA 33rd Investor Forum on September 23, 2026, from 09:30 to 17:50 HKT at the Grand Hyatt in Hong Kong. The company confirmed that attendance will be physical and no presentation is intended to be made during the event. This intimation was issued via NEAPS and BSE Listing Centre on September 16, 2026, pursuant to SEBI Regulation 30.
Ashok Leyland Limited scheduled an investors meeting titled UBS India Summit 2026 for September 11, 2026, from 11:00 to 16:30 IST at Trident Nariman Point in Mumbai. The physical event will feature various participants with no planned presentation, as disclosed by Company Secretary Natarajan Ramathan on September 7, 2026.
Ashok Leyland reported total vehicle sales of 21,038 units for August 2026, a 38% increase from 15,239 units in August 2025. Cumulative sales for April-August 2026 reached 89,391 units, up 20% from 74,541 units in the same period last year. Domestic sales totaled 19,438 units for the month, up 43% year-over-year, with M&HCV trucks rising 60% to 10,285 units and LCVs increasing 25% to 7,030 units.
Integrated Filing- Financials|Revision|The Integrated Filing has been revised to correct inadvertent errors in the XBRL submission (copy-paste error in the XBRL file) for the financial year ended March 31, 2026 relating to certain RPT numbers represented in the XBRL file. The underlying financial statements remain unchanged. The revision is being made solely to ensure accuracy and regulatory compliance.
Ashok Leyland Limited scheduled an investor meeting titled 'ICICI Securities Auto Tour' for September 4, 2026, from 15:00 to 16:30 IST at its corporate office in Guindy, Chennai. The physical event will feature various participants with no formal presentation intended. The company disclosed this schedule via a filing dated August 31, 2026, noting that the details remain subject to change.
Recent market and company developments associated with Ashok Leyland.
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The Feds indication of another rate hike in 2026 is likely to keep investors cautious, particularly in rate-sensitive and foreign-portfolio-investment-driven segments. However, buying interest in select domestic sectors provided some support. The Nifty traded near 23,290 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction.
The agreements were inked on September 14 in London between the state's investment promotion agency, Guidance Tamil Nadu, and the respective companies in the presence of the Chief Minister, said an official press release
Tamil Nadu Chief Minister C. Joseph Vijay held high-level discussions with prominent Indian corporate leaders and global manufacturing executives in London, securing key commitments to bolster the state's automotive ventures and renewable energy sector.
Tamil Nadu secures over Rs 12,300 crore investment commitments during CM C Joseph Vijay's UK trip, with projects expected to create 9,400 jobs.
Tamil Nadu government signs MoUs in London to attract ₹11,000 crore investment, creating 7,000 jobs across various sectors.
Ashok Leyland strengthens its presence in Karnataka with a new dealership in Raichur, expanding its LCV network nationwide.
Sensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 11 September 2026
Comprehensive Section Breakdown for Ashok Leyland
Strategic Vision: Indian multinational automotive manufacturer in the mobility sector.
• Extensive operational landscape with a presence in over 50 countries.
• Global network including customer touchpoints, assembly facilities, and parts warehouses.
• Integrated services supporting vehicle sales and ownership.
Ashok Leyland reported revenue growth in the June 2026 quarter, driven by higher sales compared to the same period last year. However, net profit growth was constrained as total expenses grew faster than revenue, finance costs increased, and the effective tax rate rose. Profitability declined sharply compared to the preceding March quarter, consistent with lower sequential revenue.
Profit before tax (PBT) was ₹943.58 crore, up 6.4% year-on-year from ₹886.67 crore. The PBT margin relative to revenue narrowed from 7.6% to 7.2%.
Net profit (profit after tax) was ₹667.77 crore, up 1.5% from ₹657.72 crore. The net profit margin decreased from 5.6% to 5.1%.
The sequential decline in profitability was sharper: PBT fell 50.5% and net profit fell 51.7% from the March 2026 quarter. This decline coincided with a significant drop in revenue and a sequential increase in finance costs.
Segment profit before tax was ₹949.72 crore, up 44.4% from ₹657.72 crore in the first quarter of the previous fiscal year. This growth was substantially stronger than the 6.4% increase in reported PBT.
The difference between reported PBT and segment PBT shifted significantly. In the year-ago quarter, reported PBT exceeded segment PBT by ₹228.95 crore. In the current quarter, reported PBT was ₹6.14 crore lower than segment PBT.
In the current quarter, the company recorded other income of ₹188.65 crore and an unallocable expenditure net of unallocable income of -₹194.79 crore. These non-segment items contributed to the narrowing of the gap between segment performance and reported results.
Category: Manufacturing
Manufactures and sells a comprehensive range of trucks designed for various applications.
Category: Manufacturing
Offers a wide array of buses catering to different passenger transport needs.
Category: Manufacturing
Provides vehicles designed for lighter transport and last-mile connectivity.
Category: Manufacturing
Builds specialized vehicles for military and defence applications.
Category: Manufacturing
Focuses on developing and offering vehicles that run on alternate fuels.
Category: Manufacturing
Provides power generation products and industrial engines.
Category: Manufacturing
Operates a foundry business, contributing to its manufacturing capabilities.
Category: B2B Services
Offers genuine parts and services to ensure vehicle longevity and performance.
Category: B2B Services
Provides advanced telematics solutions for fleet management, enabling tracking and diagnostics.
Category: Financial Services
Facilitates financing options for customers through its vehicle finance offerings.
Category: B2B Services
Provides comprehensive support services for its product range.
Core Thesis: The company integrates vehicle manufacturing with a comprehensive suite of services to support customers throughout the product lifecycle.
• Diverse Product Portfolio: Offers a wide range of vehicles including trucks, buses, LCVs, and defence vehicles. • Integrated Mobility Solutions: Provides aftermarket services, telematics, and vehicle finance to enhance customer experience and operational efficiency. • Sustainable Transportation: Focuses on developing and offering vehicles that run on alternate fuels. • Global Operational Network: Leverages a global presence with assembly facilities, regional offices, and customer touchpoints across multiple regions.