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Ashok Leyland share price & results

Ashok Leyland Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Manufactures MHCV/LCV trucks and buses, engines, and defence vehicles; also builds EVs via Switch Mobility.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue13,070 ₹ crore+11.6% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin18.0 %−1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit668 ₹ crore+1.5% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity28.13 %−0.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-13.68 %−10.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)16.50 %+9.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 3 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

Ashok Leyland Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (1 achieved, 2 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Export VolumeThis year we are hoping that we will end up close to 15,000.
Call transcript, Q3 FY25 · 12 Feb 2025		Q3 FY25Q1 FY27:Promise for FY25, remains achieved.
Call transcript, Q1 FY27 · 14 Aug 2026		Achieved
OHM Operating Fleet SizeOHM is targeting to add 1,700 buses to operation fleet during FY '26.
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q1 FY27:Promise for FY26, remains missed. New data: fleet at 1,900+ buses.
Call transcript, Q1 FY27 · 14 Aug 2026		Missed
MHCV Market ShareAchieve MHCV market share goal of 35% in the medium term
Call transcript, Q3 FY25 · 12 Feb 2025		Q3 FY25Q1 FY27:Market share dropped to 29.0%, moving away from the target.
Call transcript, Q1 FY27 · 14 Aug 2026		At Risk

Source: Inve Guidance Tracker for Ashok Leyland Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Ashok Leyland Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹142 +0.07% · +₹0.1

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +4.1% 1Y

₹140₹160₹180₹200Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹136.35 on 24 Oct 2025 → ₹142. High ₹211.92 (26 Feb 2026), low ₹136.35 (24 Oct 2025).

Previous close
₹141.9
Market cap
₹83.3k Cr
52-week range
₹138.58 – ₹211.92
One year
+0.85%
Price to earnings (TTM to Jun 2026)
22.39×
Return on equity (TTM to Jun 2026)
28.13%

Overview

Symbol
NSE:ASHOKLEY
Industry
Industrials
Exchange
NSE
Currency
INR

What Ashok Leyland Limited does

Based on the company's own presentations, annual report and earnings calls.

Ashok Leyland designs and manufactures commercial vehicles — medium & heavy trucks and buses (MHCV), light commercial vehicles (LCV), and defence mobility vehicles — sold domestically and exported to markets including the Middle East, Africa, ASEAN, Bangladesh and Sri Lanka. It operates seven manufacturing plants across Tamil Nadu, Maharashtra, Rajasthan, Uttarakhand and Andhra Pradesh, supported by a technical/R&D centre at Vellivoyalchavadi. Beyond core vehicles, the company runs a Power Solutions business making engines and gensets and a Defence division executing government contracts, while group companies extend into vehicle financing (Hinduja Leyland Finance) and electric mobility (Switch Mobility, including UK-based Optare Plc).

Segments

  • Commercial Vehicles (MHCV) — Trucks & Buses
  • Light Commercial Vehicles (LCV)
  • Power Solutions
  • Defence
  • Financial Services
  • Electric Mobility
Manufacturing plants
7 plants — Tamil Nadu (Ennore, Sriperumbudur foundry, Hosur), Maharashtra (Bhandara), Rajasthan (Alwar), Uttarakhand (Pantnagar), Andhra Pradesh (Vijayawada)
R&D / Technical Centre
Vellivoyalchavadi, Tamil Nadu
LCV dealer network
160 primary dealerships and 665 secondary outlets
Dealer satisfaction ranking
Ranked #1 in FADA Dealer Satisfaction Survey, 2 consecutive years
Domestic market position
#1 in India's addressable M&HCV bus segment; #2 in LCV 2–3.5T segment
Export ranking
India's #1 commercial-vehicle exporter (Q3 FY25)
Founded 1948Headquarters Chennai, Tamil Nadu, IndiaEmployees 9,695 (FY2024-25 (March 31, 202) Company website

How the price took the results

close before → close after

Q1 FY27
−2.6%
14 Aug
Q4 FY26
−5.0%
28 May
Q3 FY26
−1.6%
11 Feb
Q2 FY26
−1.2%
19 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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