Ashok Leyland Ltd
About
Ashok Leyland is the Hinduja Group's flagship company. With a production capacity of 500 vehicles per day, it is the second largest manufacturer of commercial vehicles in India and the fourth largest manufacturer of buses internationally. In addition to these, the company produces trucks, light vehicles, defence vehicles, power solutions, and foundries. An Ashok Leyland service centre can be found every 75 kilometres on major highways, allowing it to fulfil its promise of “Ashok Leyland Quick Response,” allowing customers to get back on the road in 48 hours in case of a vehicle breakdown. Out of 9 manufacturing facilities, 7 are located in India, 1 in the UAE, and another in the UK. Ashok Leyland offers a platform to sell, buy, and exchange vehicles called Re-AL. It has also initiated Ashok Leyland iALERT 3.0 to provide telematics solutions for vehicle health, proactive service, reports, and analytics to the customers.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 47336 9.8% | 43129 61.6% | 26693 29.7% | 20577 -3.0% | 21216 -38.9% | 34715 19.3% | 29109 19.6% | 24343 9.3% | 22282 36.7% | 16307 34.1% | 12161 -8.3% | 13256 -3.6% | 13747 18.2% | 11627 50.0% | 7750 25.2% | 6191 - |
| Net Operating Income (INR Cr) | 46543 10.05% | 42292 59.20% | 26565 34.48% | 19754 -11.86% | 22412 -33.34% | 33621 11.87% | 30053 29.18% | 23265 7.08% | 21728 38.32% | 15708 32.46% | 11859 0.00% | 13131 -1.86% | 13380 17.19% | 11417 54.13% | 7407 21.46% | 6098 -23.15% |
| Profit (INR Cr) | 2484 100.5% | 1239 - | -359 - | -165 - | 337 -83.8% | 2079 18.1% | 1760 10.8% | 1589 133.1% | 682 409.3% | 134 - | -164 - | 434 -23.4% | 566 -10.4% | 631 49.0% | 424 123.0% | 190 - |
| Assets (INR Cr) | 53889 25.3% | 43018 29.0% | 33356 -1.4% | 33824 5.8% | 31959 7.6% | 29707 20.8% | 24591 20.4% | 20434 19.1% | 17154 22.3% | 14024 5.6% | 13278 49.3% | 8891 20.4% | 7387 11.8% | 6610 11.1% | 5949 9.5% | 5432 - |
| Net Worth (INR Cr) | 9005 5.3% | 8552 17.1% | 7304 -7.1% | 7862 0.9% | 7789 -10.9% | 8746 17.9% | 7421 16.1% | 6393 21.5% | 5264 50.8% | 3490 24.0% | 2815 0.0% | 3158 9.0% | 2899 9.1% | 2657 13.8% | 2336 10.7% | 2109 -0.8% |
| Employee Cost (INR Cr) | 3715 12.8% | 3292 24.9% | 2636 18.7% | 2222 -2.5% | 2278 -15.5% | 2697 18.0% | 2286 22.1% | 1873 9.4% | 1712 11.3% | 1538 9.5% | 1404 29.2% | 1087 4.9% | 1036 6.8% | 970 45.4% | 667 18.5% | 563 - |
| Interest Cost (INR Cr) | 2982 | 2094 | 1869 | 1901 | 1802 | 1502 | 1227 | 1049 | 925 | 872 | 805 | 377 | 255 | 189 | 102 | 160 |
| Cash & Bank Balance (INR Cr) | 7080 | 2187 | 2138 | 1779 | 2235 | 1777 | 1231 | 1064 | 1717 | 905 | 113 | 14 | 33 | 180 | 519 | 88 |
| Total Debt (INR Cr) | 40802 | 31161 | 24145 | 24077 | 22417 | 19168 | 15791 | 13168 | 11054 | 9070 | 8500 | 4355 | 3098 | 2568 | 2280 | 1958 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.3% | 2.9% | - | - | 1.6% | 6.0% | 6.1% | 6.5% | 3.1% | 0.8% | - | 3.3% | 4.1% | 5.4% | 5.5% | 3.1% |
| Profit As % Of Assets | 4.6% | 2.9% | - | - | 1.1% | 7.0% | 7.2% | 7.8% | 4.0% | 1.0% | - | 4.9% | 7.7% | 9.6% | 7.1% | 3.5% |
| Profit As % Of Networth | 27.6% | 14.5% | - | - | 4.3% | 23.8% | 23.7% | 24.9% | 13.0% | 3.8% | - | 13.7% | 19.5% | 23.8% | 18.1% | 9.0% |
| Interest Cost to EBITDA % | 38.3% | 41.5% | 79.2% | 80.0% | 56.7% | 30.8% | 29.0% | 33.7% | 36.0% | 102.2% | 217.6% | 45.3% | 23.3% | 15.6% | 13.4% | 35.2% |
| Debt to Equity Ratio | 4.53 | 3.64 | 3.31 | 3.06 | 2.88 | 2.19 | 2.13 | 2.06 | 2.10 | 2.60 | 3.02 | 1.38 | 1.07 | 0.97 | 0.98 | 0.93 |
| RONW | 30.7% | 17.1% | - | - | 5.6% | 27.2% | 26.3% | 28.0% | 21.7% | -35.7% | - | 5.4% | 20.4% | 25.3% | 19.1% | 9.0% |
| ROCE | 15.4% | 12.0% | 6.1% | 5.5% | 8.5% | 16.7% | 17.4% | 15.7% | 17.3% | 9.3% | -0.2% | 8.1% | 16.6% | 20.0% | 14.9% | 10.5% |