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Ashok Leyland Share Price Target 2023, 2024, 2025, 2030 To 2050

Ashok Leyland Share
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Ashok Leyland Share Price Target: Hello, and welcome to this article. Today, we’ll review Ashok Leyland’s operations, how it earns profits, potential growth areas, and all sorts of information regarding this business to gain a better understanding of the trend in price targets of Ashok Leyland shares.

In addition, after analyzing the company’s stock, we will share the results with you, so that you will have an idea about this stock.

Ashok Leyland is one of the leading companies in India in the commercial vehicle manufacturing business. Ashok Leyland has good growth potential, and it is a great investment option for the long term. This article will discuss Ashok Leyland Share Price Target.

Before diving into Ashok Leyland stock price targets let’s look at the Ashok Leyland company background, the technical basics, fundamental analysis, shareholders, future potential, etc.

It will help you in making a final decision about your next investment. However, first, let’s examine the company’s history and its complete business structure.

Ashok Leyland company overview

Ashok Leyland is the second-largest manufacturer of commercial vehicles in India. Globally they are the 3rd largest producer of buses, and the 10th biggest truck maker.

This is a huge cap company with a market capitalization is about 51,617 crore. Ashok Leyland has a long-term partnership with Gujarat State Road Transport. Ashok Leyland has provided 2600 buses to the Gujarat State Road Transport Corporation.

Ashok Leyland has manufacturing facilities in Uttarakhand, Tamil Nadu, Maharashtra and Rajasthan. Its manufacturing units are also abroad i.e. in UAE and United Kingdom.

Ashok Leyland is the fourth-largest bus company in the world and the largest bus manufacturer in India. Ashok Leyland is a well-known brand for Tamil Nadu State Transport Undertaking.

These buses have been designed for the comfortable travel of passengers and are equipped with engines with advanced BS6 technology.

Till now the company has included 18,000 Ashok Leyland buses in its fleet. More than 90 percent of the buses in the fleet of Tamil Nadu State Transport Undertaking are of Ashok Leyland.

The shares in Ashok Leyland, which started trading on the stock exchange on 1st January 1999, at an amount of 2.26 So far, they have brought investors wealth by offering the investors a huge gain in the form of 7777%. 

The following products are manufactured by this company:-

  • buses
  • trucks
  • power solutions
  • light vehicle
  • defense

fundamental analysis of Ashok Leyland

  • Market Cap ₹ 51,177 Cr.
  • Current Price ₹ 174
  • High / Low ₹ 192 / 133
  • Stock P/E 24.1
  • Book Value ₹ 30.2
  • Dividend Yield 1.49 %
  • ROCE 11.4 %
  • ROE 15.0 %
  • Face Value ₹ 1.00
  • Dividend yield 1.49 %
  • Price to book value 5.76
  • Price to Earning 24.1
  • OPM 14.9 %
  • EPS ₹ 7.29
  • Debt ₹ 34,392 Cr.
  • Debt to equity 3.87
  • Return on equity 15.0 %
  • Return on assets 2.66 %

Ashok Leyland Share Price Target 2023

The company has released its optimistic outlook for the commercial vehicle (CV) industry’s prospects for growth.

The management team is forecasting an increase of 10% for the MHCV segment, and a more than five percent increase in growth for the LCV sector in FY2024.

In addition, all aim to outperform the industry’s growth rate in FY2024 and hope to increase its market share by gaining profit.

Ashok Leyland Share Price Target For 2023 As Follows:

20231st Target- Rs.195
2nd Target- Rs.210

Ashok Leyland Share Price Target 2024

Ashok Leyland’s main focus is the unlocking of value in its major subsidiaries, including Hinduja Leyland Finance Limited, which is expected to aid in its expansion plan.

The possibility of listing Hinduja Leyland Finance in FY2024 could create significant value for the company and attract investors’ interest.

Ashok Leyland Share Price Target For 2024 As Follows:

20241st Target- Rs.280
2nd Target- Rs.340
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Ashok Leyland Share Price Target 2025

The company has an ESG score of 14.60 which indicates the company is at a low risk. Additionally, all targets a double-digit EBITDA margin in FY2024 which is a substantial increase from the current EV/EBITDA ratio of 9.0x in FY 2025E.

Ashok Leyland Share Price Target For 2025 As Follows:

20251st Target- Rs.425
2nd Target- Rs.465

Ashok Leyland Share Price Target 2026

With the CV market slowly moving away from the growth model based on discounts and searching for profitable growth patterns, all are well-positioned to benefit from the rising demand for replacement within the MHCV segment owing to the increasing number of older, large-sized trucks.

Ashok Leyland Share Price Target For 2026 As Follows:

20261st Target- Rs.510
2nd Target- Rs.540

Ashok Leyland Share Price Target 2027

To sustain the development of its business Ashok Leyland is continuously seen working in the framework of its business, with the aid of its affiliate company.

Additionally, the company is associated with a variety of companies in its industry This helps the business to stay up-to-date using the latest technology for its operations.

In the near future, Ashok Leyland is seen having plans in place to join forces with various companies connected to the automotive industry.

If Ashok Leyland continues to work closely with its partners and partners, we can expect an increase in the rate of growth in the business of the business in the near time.

Ashok Leyland Share Price Target For 2027 As Follows:

20271st Target- Rs.600
2nd Target- Rs.635
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Ashok Leyland Share Price Target 2028

When you consider what has been happening at Ashok Leyland for an extended period of time, along with India’s economy, there’s a lot of growth potential.

Since Ashok Leyland’s business, Ashok Leyland is heavily driven by commercial automobiles that are used for construction and business-related activities.

It is employed for tasks, and its usage will rise with the expansion of the economy. As a result, the business of the company will definitely reap the benefits.

Additionally, the government is doing its best to support manufacturing companies in India and this is the reason why Ashok Leyland seems to be successful in bringing powerful competition to large companies in the outside world and also in the near future.

Ashok Leyland Share Price Target For 2028 As Follows:

20281st Target- Rs.690
2nd Target- Rs.750

Ashok Leyland Share Price Target 2030

The success of the business of Ashok Leyland is evident in the reality that the company’s presence is evident across more than fifty countries and India.

When you look at it, the company has had success in extending its presence in SAARC as well as GCC countries over the past few years. The sales of the company can be increased at a rapid rate every year.

Ashok Leyland Share Price Target For 2030 As Follows:

20301st Target- Rs.930
2nd Target- Rs.1100

Ashok Leyland Share Price Target 2040

Ashok Leyland Share Price Target For 2040 As Follows:

20401st Target- Rs.1550
2nd Target- Rs.1620
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Ashok Leyland Share Price Target 2050

Ashok Leyland Share Price Target For 2050 As Follows:

20501st Target- Rs.2000
2nd Target- Rs.2180

What is the future of Ashok Leyland share?

Looking ahead, Ashok Leyland is taking its business in a significant manner over the long term.

The company’s management has an excellent time-tested experience in the automobile sector, and with the help of this, it can have every possibility of seeing positive growth in the coming years.

Additionally, Ashok Leyland has been observed to be doing great new developments in its business segments at times if Ashok Leyland has been seen implementing innovative developments for the electronic vehicle segment in the near future as a result, you can expect an increase in business for the company.

shareholding pattern of Ashok Leyland

  • Promoters: 51.53%
  • Foreign Institutions: 16.59%
  • Mutual Funds: 13.24%
  • Retail And Others: 13.00%
  • Other Domestic Institutions: 5.64%

Ashok Leyland Company’s Performance

Ashok Leyland is one of the top companies in the field of commercial vehicles. Its offerings comprise light, medium, large, and heavy commercial trucks, buses defense vehicles, engines and construction machinery.

This company boasts a strong track record and is devoted to sustainability and innovation. Sales have increased rapidly and is well-positioned for the future.

However, investors should keep in mind that the company is facing a lot of competition from both established and new entrants.

This intense competition can negatively affect its market share, which in turn can have a direct impact on the company’s bottom line.

In the last fiscal year, the company sold over 192 thousand vehicles, which was a huge increase from the previous years. In addition, the company’s profits have also improved significantly.

However, it is important to remember that this is a volatile industry, and investing in these stocks requires a lot of patience.

In terms of earnings, the company is on track to reach its EBITDA target in the near future. This is due to the strong demand for its Bada Dost range of trucks and its efforts in network expansion.

Moreover, it is expected to benefit from its aftermarket and defence segments which are expected to grow by more than 50% in the next three years.

Risks of Ashok Leyland Share

If we consider the most significant risk to Ashok Leyland’s business Ashok Leyland, then its counterpart business Tata Motors is seen continuously expanding its market share dramatically when its management business isn’t making good decisions at the right moment to boost the growth of its business.

Then, gradually, its effects will certainly be felt in the operations of Ashok Leyland.

When we examine the second possibility, this company appears to constantly take a large amount of loans to build its electric vehicle division which is why the company might face difficulties in the near future because of the increasing burden of interest.

Strengths Of Ashok Leyland Limited

  • The company is currently operating with great cash flow management, CFO/PAT 1.73.
  • In addition, the company has achieved an average ROE of 14.27 percent as well as a ROCE of 16.40 percent in the past five years.
  • Ashok Leyland Company has an efficient cash conversion cycle that lasts 44.87 days.
  • The company is currently maintaining an image of a brand that is strong.
  • In this manner, Ashok Leyland’s Share Price Target can be increased to the maximum.

Weaknesses of Ashok Leyland Limited

  • There is currently a balance of the amount of 3,728.75 crore.
  • In this regard, the company has had a disappointing growth in sales of 16.58 percent in just three years.
  • Ashok Leyland Company’s current ratio and quick ratios are lower than normal.
  • The company is currently trading with an EV/EBITDA that is high at 39.15.

Also Read: NCC Limited Share Price Target 2023, 2024, 2025, 2030

what is the future of this commercial vehicle sector Share?

The commercial vehicle industry is highly competitive, both domestically and globally. This can result in intense competition for market share, which can ultimately impact the company’s performance.

In order to stay ahead of the curve, Ashok Leyland has implemented strategies for long-term growth and sustained profitability.

In its Q4 results, the truck manufacturer posted a robust profit, beating Street estimates. Operating leverage and higher gross margins helped the company achieve its first double-digit EBITDA margin in 15 quarters.

The company’s focus on increasing its market share and profitability will continue to drive the growth of its business, according to analysts.

Expert believes that the company’s expansion into new segments like tractor-trailers and the high-growth tipper market is likely to boost its earnings.

The company also intends to launch its 4921 model of tractors this year, which is expected to drive growth in the domestic market.

Long-term stock investors should keep an eye on the company’s dividend payout policies to gain insights into its financial stability and strength.

The company’s quarterly reports can provide valuable information on the company’s financial performance, revenue, and expenses.

Additionally, the company’s balance sheet can reveal important details about its assets and liabilities.

The company’s stock analysis page includes pre-built screening tools that allow investors to evaluate the balance sheet of the company and assess its ability to manage debt.

FAQ

Is Ashok Leyland debt-free?

Ashok Leyland has a debt of Rs 34,392 Cr.

What is the target of Ashok Leyland share in 2025?

Ashok Leyland’s Share price target for 2025 is between Rs 425 – Rs 465.

Who is the CEO of Ashok Leyland?

Ans: Hinduja Group is the owner of the business.

How is Ashok Leyland for the long term?

This company is a reputable brand. This company has been given Good returns in the past. Ashok Leyland also entered the EV segment, which is now in the early stages.

What is the share price target for Ashok Leyland in 2024?

The price target of Ashok Leyland shares for the year 2024 is around rs 280 – rs 320.

What is the price of Ashok Leyland in 2030?

The price target of Ashok Leyland shares for the year 2030 is around rs 930- rs 1100.

When Should we buy Ashok Leyland share?

If you find shares that are undervalued in Ashok Leyland or if there is a slight drop in the price, you could put your money into it. It is also possible to invest only a small amount every month in the stock.

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. Though this is just for informational purposes, We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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