Let's break down Ashok Leyland Ltd. (ASHOKLEY) — from its financial performance to how the market is valuing the stock.
Ashok Leyland Revenue Trend
Top-line growth continued for Ashok Leyland Ltd., with FY2025 revenue reaching ₹48,894 Cr — a 6.4% increase over FY2024.
Ashok Leyland Ltd. has compounded revenue at 12.3% over 10 years — good, consistent top-line expansion from ₹15,341 Cr to ₹48,894 Cr.
At ₹48,894 Cr in annual revenue, Ashok Leyland Ltd. is one of the major players in the automobiles - 4 wheelers space.
Revenue has moved in the same direction for 4 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹48,894 Cr | +6.4% |
| FY2024 | ₹45,931 Cr | +9.9% |
| FY2023 | ₹41,783 Cr | +58.7% |
| FY2022 | ₹26,324 Cr | +34.4% |
| FY2021 | ₹19,585 Cr | — |
View Ashok Leyland Ltd.'s full 10-year revenue trend with CAGR analysis →
Ashok Leyland Profitability
In FY2025, Ashok Leyland Ltd. earned ₹3,383 Cr in net profit, representing 25.5% year-over-year growth.
On the margin front, there's improvement — net margin went from 5.9% in FY2024 to 6.9% in FY2025.
At ₹5.28 per share (diluted), FY2025 earnings were up year-over-year from ₹4.23.
Is Ashok Leyland Undervalued
The P/E Ratio model estimates an intrinsic value of ₹150, implying a 2.7% upside from the current price.
Ashok Leyland Ltd. shares are currently trading at ₹145.84.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹150 | 2.7% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Ashok Leyland Ltd. with detailed assumptions →
Ashok Leyland Shareholding Pattern
Promoter holding is steady at 51.5% — no buying or selling over the past 4 quarters.
FII ownership stands at 24.6%, up from the 23.9% recorded a year ago.
As of March 2026, DIIs own 13.1% of the company — down from 13.9% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 51.5% | 24.6% | 13.1% | 10.8% |
| Dec 2025 | 51.5% | 24.4% | 13.7% | 10.3% |
| Sep 2025 | 51.5% | 24.3% | 13.6% | 10.5% |
| Jun 2025 | 51.5% | 23.9% | 13.9% | 10.7% |
Track quarterly shareholding changes for Ashok Leyland Ltd. →
Ashok Leyland Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹817.15B at the end of FY2025, up 20.8% from ₹676.60B a year earlier.
Other Assets is the largest block at 64.2%, followed by Cash & ST Investments at 13.7% and Property, Plant & Equipment at 7.6%.
Equity makes up 19.4% of liabilities and equity, with debt at 61.1% and operating liabilities at 19.5%. Over the year, debt is up 22.4% and equity is up 34.1%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 112.12B |
| Receivables | 34.03B |
| Inventories | 39.86B |
| Property, Plant & Equipment | 61.82B |
| Investments | 19.43B |
| Intangibles & Goodwill | 25.48B |
| Other Assets | 524.42B |
| Category | Value |
|---|---|
| Equity | 158.45B |
| Short-term Debt | 133.94B |
| Long-term Debt | 365.68B |
| Trade Payables | 80.19B |
| Other Liabilities | 78.89B |
Ashok Leyland Investment Snapshot
Pulling it all together, here's what the numbers say about Ashok Leyland Ltd. (ASHOKLEY) heading into the next fiscal year.
Revenue of ₹48,894 Cr in FY2025, up 6.4% year-over-year.
Long-term revenue has been compounding at 12.3% annually over 10 years.
The company is profitable, with a net margin of 6.9% and net income of ₹3,383 Cr.
The P/E Ratio model implies 2.7% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for Ashok Leyland Ltd..