Ashok Leyland Share Price Target 2024, 2025 to 2030

Ashok Leyland, a USD 4.5 billion company with a 75-year history, is a major player in the global commercial vehicle market. It ranks as the second-largest commercial vehicle manufacturer in India, the fourth-largest bus manufacturer worldwide, and the nineteenth-largest truck manufacturer. Based in Chennai, Ashok Leyland runs nine manufacturing plants, including seven in India, and additional facilities in Ras Al Khaimah (UAE) and Leeds (UK). The company also collaborates with the Alteams Group for aluminum component production.

With a robust international footprint in over 50 countries, Ashok Leyland supplies the largest fleet of logistics vehicles to the Indian Army and maintains significant defense partnerships globally. Its product range spans commercial vehicles and engines for industrial, genset, and marine applications. The company has set numerous industry standards and holds ISO/TS 16949 certification, along with OBD-II certification for BS IV-compliant engines and other cutting-edge technologies.

Ashok Leyland’s expansive network features 52,863 touchpoints, ensuring service centers are available every 75 kilometers on major highways and delivering prompt response times. The company’s innovative products, focus on customer needs, and strategic global operations highlight its prominence in the commercial vehicle industry.

Shareholding Patterns

Between March 2023 and March 2024, Ashok Leyland’s shareholding patterns experienced significant shifts. Promoters’ holdings remained relatively consistent at around 51.53%, with a minor decline to 51.52% by March 2024. The stake of Foreign Institutional Investors (FIIs) increased considerably from 14.85% to 21.45%, showcasing heightened foreign investor confidence. In contrast, Domestic Institutional Investors (DIIs) reduced their holdings from 22.15% to 12.23%. Government shareholdings stayed constant at 0.07%. Public shareholding grew from 11.40% to 14.72%, indicating a rise in interest from retail investors. Additionally, the number of shareholders expanded significantly, from 11,18,107 to 14,91,397, reflecting a wider investor base.

Ashok Leyland Q4 FY24 Results: Summary and Key Points

• Net Profit Surge: Ashok Leyland Limited (ALL) witnessed a significant 20% surge in net profit for Q4 FY2023-24, totaling Rs 900 crore, marking substantial growth from the previous quarter’s Profit After Tax (PAT) of Rs 751 crore.
• Revenue Decline: Despite the robust profit increase, revenue from operations experienced a slight decline of 3% to Rs 11,267 crore compared to Rs 11,626 crore in the corresponding period last year.
• Performance Drivers: The company attributed its strong results to exceptional performance across all business verticals, particularly in the medium and light commercial vehicle (M&LCV) segments.
• Market Leadership: Ashok Leyland achieved a remarkable 5.8 percentage point gain in market share in the Medium and Heavy Commercial Vehicle (M&HCV) Bus segment, solidifying its position as the market leader.
• Chairman’s Optimism: Dheeraj Hinduja, Chairman, expressed optimism regarding the industry’s short- to medium-term prospects, citing anticipated growth in the Indian economy.
• Commercial Vehicle Volumes: Total commercial vehicle volumes for the year reached 194,553 units, coming close to the previous high of 197,366 units, demonstrating the company’s strong performance in this sector.
• LCV Stability: Despite an industry-wide decline, volumes in the 2-3.5 tonne Light Commercial Vehicle (LCV) category remained stable, indicating Ashok Leyland’s resilience in this segment.
• Export Growth: Despite challenging conditions in target markets, export volumes grew by 5%, showcasing Ashok Leyland’s ability to navigate difficult market landscapes effectively.
• CEO’s Confidence: Shenu Agarwal, Managing Director & CEO, expressed satisfaction with FY24’s achievements, citing all-time highs in revenues, EBITDA margins, and profits. Agarwal also expressed confidence in continued growth and market share improvement moving forward.

How to purchase Ashok Leyland shares?

Below are the trading platforms that you can use to purchase Ashok Leyland shares:

• Zerodha
• Upstox
• Groww
• AngelOne
• ICICIDirect

Ashok Leyland Share Price Prediction: 2024, 2025 to 2030

Ashok Leyland Share Price Target 2024