Ashok Leyland Key Ratios
NSE: ASHOKLEY | BSE: 500477
₹163.00
As on 18-Sep-2026IST
Market cap
₹95,626 Cr
Revenue (TTM)
₹57,723 Cr
P/E Ratio
27.5
P/B Ratio
6.4
Div. Yield
2.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -24.22 | 11.62 | 16.50 | 10.40 | 21.24 |
| EBIT | -30.01 | 10.30 | 16.49 | 25.87 | 40.11 |
| Net Profit | -52.77 | 0.78 | 16.56 | 29.31 | 104.78 |
| EPS | -52.29 | 0.76 | 8.31 | 25.04 | 159.55 |
| Book Value | -- | -- | 16.77 | 18.66 | 12.70 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 10.80 | 13.22 | 16.98 | 16.99 | 16.73 |
| Net Margin
| 7.76 | 4.30 | 6.30 | 6.53 | 6.92 |
| Return on equity
| 30.71 | 20.91 | 27.86 | 28.19 | 32.02 |
| Return on Capital
| 36.76 | 12.59 | -- | 14.10 | 15.29 |
| Return on Assets
| 12.65 | 3.03 | 4.03 | 4.08 | 4.54 |
| Debt to Equity (x)
| -- | -- | 3.23 | 4.48 | 4.08 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
14.10
|
15.29
|
15.92
|
12.33
|
|
Peer Median
|
--
|
25.27
|
15.92
|
12.34
|
--
|
ROE
27.86
Higher than Peers by 6.53
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
27.86
|
28.19
|
32.02
|
30.88
|
17.23
|
|
Peer Median
|
21.33
|
24.94
|
18.80
|
8.27
|
--
|
ROA
4.03
Lower than Peers by 7.94
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
4.03
|
4.08
|
4.54
|
4.41
|
2.77
|
|
Peer Median
|
11.96
|
9.95
|
4.41
|
3.53
|
--
|
EBIT Margin
16.98
Higher than Peers by 5.19
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
16.98
|
16.99
|
16.73
|
15.14
|
10.06
|
|
Peer Median
|
11.79
|
12.84
|
11.21
|
11.20
|
--
|
Net Margin
6.30
Lower than Peers by 1.49
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
6.30
|
6.53
|
6.92
|
5.87
|
3.25
|
|
Peer Median
|
7.78
|
8.26
|
5.87
|
3.26
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
8.47
|
9.04
|
7.80
|
5.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
16.50
Higher than Peers by 1.96
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
16.50
|
16.13
|
6.20
|
9.67
|
58.83
|
|
Peer Median
|
14.54
|
16.20
|
15.44
|
5.81
|
--
|
EBIT Growth
16.49
Lower than Peers by 10.79
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
16.49
|
17.92
|
17.34
|
65.07
|
122.01
|
|
Peer Median
|
27.28
|
32.85
|
26.57
|
28.43
|
--
|
Net Profit Growth
16.56
Lower than Peers by 9.05
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
16.56
|
10.00
|
25.46
|
98.43
|
576.03
|
|
Peer Median
|
25.61
|
27.35
|
92.21
|
98.80
|
--
|
EPS Growth
8.31
Lower than Peers by 17.14
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
8.31
|
11.71
|
25.09
|
100.48
|
445.34
|
|
Peer Median
|
25.45
|
30.24
|
39.65
|
100.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
16.79
|
35.94
|
5.26
|
17.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
3.23
Higher than Peers by 3.20
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
3.23
|
4.48
|
4.08
|
4.53
|
3.63
|
|
Peer Median
|
0.03
|
0.15
|
0.23
|
0.49
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
0.09
|
0.14
|
0.43
|
0.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.32
Lower than Peers by 0.05
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
1.32
|
1.32
|
1.29
|
1.09
|
1.08
|
|
Peer Median
|
1.37
|
1.45
|
1.25
|
1.21
|
--
|
Quick Ratio
1.18
Higher than Peers by 0.34
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
1.18
|
1.18
|
1.14
|
0.94
|
0.92
|
|
Peer Median
|
0.84
|
1.22
|
1.14
|
0.94
|
--
|
Interest Coverage
2.05
Lower than Peers by 17.59
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
2.05
|
2.10
|
2.17
|
2.38
|
2.08
|
|
Peer Median
|
19.63
|
14.64
|
3.46
|
3.85
|
--
|
Operating Efficiency
Debtors to sales
5.35
Lower than Peers by 1.48
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
5.35
|
5.48
|
6.90
|
8.53
|
10.05
|
|
Peer Median
|
6.83
|
4.17
|
6.89
|
8.51
|
--
|
Asset Turnover
0.63
Lower than Peers by 0.93
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
0.63
|
0.63
|
0.66
|
0.76
|
0.86
|
|
Peer Median
|
1.56
|
1.32
|
1.08
|
0.83
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
20.47
|
26.76
|
31.76
|
32.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
27.55
|
29.52
|
29.26
|
25.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
90.32
|
87.69
|
86.56
|
87.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
--
|
-42.29
|
-31.41
|
-25.53
|
-29.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
27.51
Higher than Peers by 3.06
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
27.51
|
26.09
|
9.65
|
10.12
|
16.49
|
|
Peer Median
|
24.45
|
24.45
|
23.61
|
31.23
|
--
|
Price / Book Value
6.43
Higher than Peers by 0.57
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
6.43
|
6.37
|
4.93
|
5.61
|
4.80
|
|
Peer Median
|
5.86
|
5.86
|
6.00
|
5.50
|
--
|
Dividend Yield
2.15
Higher than Peers by 1.01
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
2.15
|
2.27
|
3.06
|
2.89
|
1.87
|
|
Peer Median
|
1.14
|
1.14
|
0.28
|
0.22
|
--
|
EV/EBITDA
12.74
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
12.74
|
12.66
|
10.70
|
10.36
|
13.38
|
|
Peer Median
|
--
|
16.80
|
29.55
|
113.45
|
--
|
Market Cap
95,626
Higher than Peers by 79,064
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ashok Leyland
|
95,626
|
90,546
|
59,965
|
50,255
|
40,856
|
|
Peer Median
|
16,563
|
16,563
|
9,844
|
12,120
|
--
|