About Ashok Leyland Limited
Data last updated: 22 December 2025
Ashok Leyland Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Hinduja Automotive Limited, U.K. It specialises in commercial vehicles and fleet, a part of the broader automotive sector. Incorporated on 07 September 1948, the company has been in operation for over 78 years.
Registered with ROC Chennai under CIN L34101TN1948PLC000105. Listed on BSE: 500477 and NSE: ASHOKLEY.
Capital: an authorised share capital of ₹3,592.1 Cr and a paid-up capital of ₹587.39 Cr. Formerly known as Ashok Motors Limited. It is led by directors including Venkataramani Sumantran and Natarajan Ramanathan.
Last AGM: 14 August 2025. Financial statements filed for year ended 31 March 2025. Office: No. 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2025, the company reported a revenue of ₹48,894 Cr, a growth of 6% compared to the previous year.
The company has a workforce of approximately 10,033 employees as per the latest available data. It operates as a subsidiary of Hinduja Automotive Limited, U.K. Its group structure includes 14 subsidiaries and 2 joint ventures.
The company is associated with 1 brand - Ashok Leyland. As per MCA filings, the company has open charges of ₹5,100 Cr and satisfied charges of ₹6,168.26 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashokleyland.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressNo. 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032
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IndustryAutomotive, Commercial Vehicles & Fleet
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Ashok Leyland Limited
Ashok Leyland Limited has one previous CIN (Corporate Identification Number): L34101TN1956PLC000105. The current CIN is L34101TN1948PLC000105, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L34101TN1948PLC000105 | Current |
| L34101TN1956PLC000105 | Previous |
Associated Brands with Ashok Leyland Limited
Ashok Leyland Limited operates one associated brand: Ashok Leyland. These brands represent Ashok Leyland Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Commercial buses and trucks are manufactured by Ashok Leyland. | ashokleyland.com |
Competitors & Alternatives of Ashok Leyland Limited
Brands and companies operating in the same space as Ashok Leyland Limited include Mahindra, Ford, Eicher Motors and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
|
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Diversified operations span automotive, agriculture, and financial services. | Mumbai, India, India | 1945 |
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Automobiles and commercial vehicles are manufactured by Ford. | United States | 1903 |
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Commercial vehicles and two-wheelers are manufactured by Eicher Motors. | Gurugram, India, India | 1948 |
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Electric heavy-duty trucks are developed for logistics and construction sectors. | Gurugram, India, India | 2017 |
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Manufacturer of electric two and three-wheelers for personal and commercial use | Bengaluru, India, India | 2008 |
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Electric buses and transmission insulators are developed by Olectra. | Hyderabad, India, India | 2000 |
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Electric bicycles with advanced features are developed by Motovolt. | Kolkata, India, India | 2019 |
Business Activity of Ashok Leyland Limited
Ashok Leyland Limited is engaged in the principal business activity of manufacturing, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | ********* |
Auditor Details of Ashok Leyland Limited
Ashok Leyland Limited is audited by Price Waterhouse & Co Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Ashok Leyland Limited
Ashok Leyland Limited is currently managed by 17 directors, with 38 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Venkataramani Sumantran
Also directs:
Hinduja Tech Limited, Switch Mobility Automotive Limited, Celeris Technologies Llp and 1 more
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Director | 24 May 2024 | 2 Years 1 Months | Current |
| Natarajan Ramanathan | Nodal Officer | 04 Sep 2019 | 6 Years 10 Months | Current |
| Thomas Dauner | Director | 04 Jun 2024 | 2 Years 1 Months | Current |
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Sridharan Kesavan
Also directs:
Hinduja Leyland Finance Limited, Hinduja Tech Limited
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Director | 25 Aug 2025 | 0 Years 10 Months | Current |
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Shenu Agarwal
Also directs:
Gro Digital Platforms Limited
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Managing Director | 08 Dec 2022 | 3 Years 7 Months | Current |
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Gopal Mahadevan
Also directs:
Hinduja Leyland Finance Limited, Hinduja Tech Limited, Ohm Global Mobility Private Limited and 4 more
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Whole-Time Director | 24 May 2019 | 7 Years 1 Months | Current |
Financials of Ashok Leyland Limited FY 2026 filings available
Ashok Leyland Limited reported revenue of ₹56,362 Cr (up 16.13% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹56,362 Cr | ₹48,535 Cr | ₹45,791 Cr | ₹41,673 Cr | ₹26,237 Cr | ₹19,454 Cr | ₹21,951 Cr |
| Other Income | ₹584.82 Cr | ₹358.46 Cr | ₹140.58 Cr | ₹110.77 Cr | ₹86.81 Cr | ₹131.16 Cr | ₹107.83 Cr |
| Total Income | ₹56,947 Cr | ₹48,894 Cr | ₹45,931 Cr | ₹41,783 Cr | ₹26,324 Cr | ₹19,585 Cr | ₹22,059 Cr |
| Cost of Materials Consumed | ₹32,227 Cr | ₹27,684 Cr | ₹28,241 Cr | ₹28,272 Cr | ₹16,620 Cr | ₹11,769 Cr | ₹11,164 Cr |
| Purchases of Stock-in-Trade | ₹1,895.13 Cr | ₹1,733.58 Cr | ₹1,557.01 Cr | ₹1,176.21 Cr | ₹945.42 Cr | ₹807.62 Cr | ₹874.38 Cr |
| Changes in Inventories | -₹266.33 Cr | ₹261.59 Cr | -₹568.89 Cr | -₹629.49 Cr | ₹48.24 Cr | -₹529.1 Cr | ₹1,307.16 Cr |
| Employee Benefit Expense | ₹4,733.51 Cr | ₹4,161.3 Cr | ₹3,672.69 Cr | ₹3,234.38 Cr | ₹2,619.76 Cr | ₹2,159.43 Cr | ₹2,190.27 Cr |
| Finance Costs | ₹4,704.65 Cr | ₹3,930.21 Cr | ₹2,982.25 Cr | ₹2,093.5 Cr | ₹1,869.05 Cr | ₹1,900.64 Cr | ₹1,801.65 Cr |
| Depreciation & Amortisation | ₹1,137.56 Cr | ₹1,086.65 Cr | ₹927.29 Cr | ₹900.22 Cr | ₹865.96 Cr | ₹835.62 Cr | ₹749.99 Cr |
| Other Expenses | ₹7,027.62 Cr | ₹5,486.53 Cr | ₹4,945.58 Cr | ₹4,526.42 Cr | ₹3,238.89 Cr | ₹2,784.85 Cr | ₹3,181.72 Cr |
| Total Expenses | ₹51,459 Cr | ₹44,344 Cr | ₹41,757 Cr | ₹39,573 Cr | ₹26,207 Cr | ₹19,728 Cr | ₹21,270 Cr |
| Profit Before Exceptional Items & Tax | ₹5,487.61 Cr | ₹4,549.35 Cr | ₹4,173.91 Cr | ₹2,209.95 Cr | ₹117.04 Cr | -₹142.66 Cr | ₹789.55 Cr |
| Exceptional Items | -₹384.44 Cr | ₹15.4 Cr | -₹84.22 Cr | ₹47.89 Cr | -₹324.15 Cr | ₹76.08 Cr | -₹53.28 Cr |
| Profit Before Tax | ₹5,103.17 Cr | ₹4,564.75 Cr | ₹4,089.69 Cr | ₹2,257.84 Cr | -₹207.11 Cr | -₹66.58 Cr | ₹736.27 Cr |
| Total Tax Expense | ₹1,433.81 Cr | ₹1,213.54 Cr | ₹1,409.73 Cr | ₹906.93 Cr | ₹85.86 Cr | ₹2.52 Cr | ₹279.36 Cr |
| Net Profit | ₹3,720.98 Cr | ₹3,382.79 Cr | ₹2,696.34 Cr | ₹1,361.66 Cr | -₹285.45 Cr | -₹69.6 Cr | ₹459.8 Cr |
| attributable to Owners | ₹3,471.03 Cr | ₹3,106.8 Cr | ₹2,483.52 Cr | ₹1,240.81 Cr | -₹358.61 Cr | -₹165.23 Cr | ₹336.67 Cr |
| attributable to NCI | ₹249.95 Cr | ₹275.99 Cr | ₹212.82 Cr | ₹120.85 Cr | ₹73.16 Cr | ₹95.63 Cr | ₹123.13 Cr |
| Other Comprehensive Income | ₹873.55 Cr | ₹870.43 Cr | ₹523.2 Cr | ₹78.42 Cr | -₹217.34 Cr | ₹302.76 Cr | ₹173.51 Cr |
| Total Comprehensive Income | ₹4,594.53 Cr | ₹4,253.22 Cr | ₹3,219.54 Cr | ₹1,440.08 Cr | -₹502.79 Cr | ₹233.16 Cr | ₹633.31 Cr |
| EBITDA (computed) | ₹11,330 Cr | ₹9,566.21 Cr | ₹8,083.45 Cr | ₹5,203.67 Cr | ₹2,852.05 Cr | ₹2,593.6 Cr | ₹3,341.19 Cr |
| Basic EPS | ₹5.91 | ₹10.58 | ₹8.46 | ₹4.23 | ₹-1.22 | ₹-0.56 | ₹1.15 |
| Diluted EPS | ₹5.91 | ₹10.56 | ₹8.45 | ₹4.22 | ₹-1.22 | ₹-0.56 | ₹1.15 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹101,041 Cr | ₹81,715 Cr | ₹67,660 Cr | ₹54,729 Cr |
| Non-current Assets | ₹57,298 Cr | ₹47,474 Cr | ₹38,534 Cr | ₹30,485 Cr |
| Current Assets | ₹43,742 Cr | ₹34,217 Cr | ₹28,987 Cr | ₹24,172 Cr |
| Property, Plant & Equipment | ₹7,982.97 Cr | ₹6,289.14 Cr | ₹5,867.17 Cr | ₹5,762.95 Cr |
| Inventories | ₹4,671.8 Cr | ₹3,986.08 Cr | ₹4,008.01 Cr | ₹3,440.43 Cr |
| Trade Receivables | ₹3,087.44 Cr | ₹3,346.87 Cr | ₹3,898.15 Cr | ₹4,187.36 Cr |
| Cash & Equivalents | ₹6,280.89 Cr | ₹6,544.77 Cr | ₹5,217.32 Cr | ₹1,908.58 Cr |
| Equity (Net Worth) | ₹18,546 Cr | ₹15,845 Cr | ₹11,815 Cr | ₹10,799 Cr |
| Equity Share Capital | ₹587.39 Cr | ₹293.65 Cr | ₹293.63 Cr | ₹293.61 Cr |
| Borrowings (Non-current) | ₹46,219 Cr | ₹36,568 Cr | ₹26,847 Cr | ₹19,692 Cr |
| Borrowings (Current) | ₹17,717 Cr | ₹13,394 Cr | ₹13,955 Cr | ₹11,469 Cr |
| Total Debt (computed) | ₹63,936 Cr | ₹49,962 Cr | ₹40,802 Cr | ₹31,161 Cr |
| Current Liabilities | ₹33,118 Cr | ₹26,547 Cr | ₹26,663 Cr | ₹22,444 Cr |
| Total Liabilities | ₹82,495 Cr | ₹65,870 Cr | ₹55,846 Cr | ₹43,930 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹4,894.71 Cr | ₹128.47 Cr | -₹6,257.98 Cr | -₹4,499.26 Cr | ₹2,844.56 Cr |
| Investing Cash Flow | -₹7,015.79 Cr | -₹5,758.27 Cr | ₹1,135.38 Cr | -₹2,934.96 Cr | -₹1,916.67 Cr |
| Financing Cash Flow | ₹11,617 Cr | ₹6,957.58 Cr | ₹8,431.59 Cr | ₹7,280.59 Cr | -₹377.63 Cr |
| Capital Expenditure | ₹2,945.48 Cr | ₹1,648.09 Cr | ₹1,133.54 Cr | ₹929.1 Cr | ₹508.72 Cr |
| Free Cash Flow (computed) | -₹7,840.19 Cr | -₹1,519.62 Cr | -₹7,391.52 Cr | -₹5,428.36 Cr | ₹2,335.84 Cr |
| Dividends Paid | ₹1,835.42 Cr | ₹2,040.77 Cr | ₹763.39 Cr | ₹293.55 Cr | ₹176.13 Cr |
| Net Change in Cash | -₹263.88 Cr | ₹1,327.45 Cr | ₹3,308.74 Cr | -₹122.38 Cr | ₹549.92 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹17,246 Cr | ₹14,830 Cr | ₹12,577 Cr | ₹11,709 Cr | ₹14,696 Cr | ₹11,995 Cr | ₹11,148 Cr | ₹10,724 Cr | ₹13,578 Cr | ₹11,093 Cr | ₹11,429 Cr | ₹9,691.32 Cr |
| Other Income | ₹170.86 Cr | ₹180.41 Cr | ₹134.89 Cr | ₹98.66 Cr | ₹121.63 Cr | ₹64.94 Cr | ₹114.26 Cr | ₹29.94 Cr | ₹35.71 Cr | ₹26.75 Cr | ₹33.99 Cr | ₹44.13 Cr |
| Total Income | ₹17,417 Cr | ₹15,011 Cr | ₹12,712 Cr | ₹11,807 Cr | ₹14,817 Cr | ₹12,060 Cr | ₹11,262 Cr | ₹10,754 Cr | ₹13,613 Cr | ₹11,119 Cr | ₹11,463 Cr | ₹9,735.45 Cr |
| Cost of Materials Consumed | ₹10,323 Cr | ₹8,203.56 Cr | ₹6,812.76 Cr | ₹6,887.48 Cr | ₹7,974.17 Cr | ₹6,933.73 Cr | ₹6,206.79 Cr | ₹6,569.7 Cr | ₹7,956.4 Cr | ₹6,876.12 Cr | ₹7,261.82 Cr | ₹6,147.04 Cr |
| Purchases of Stock-in-Trade | ₹452.58 Cr | ₹522.91 Cr | ₹470.07 Cr | ₹449.57 Cr | ₹476.33 Cr | ₹411.71 Cr | ₹428.83 Cr | ₹416.71 Cr | ₹456.94 Cr | ₹371.44 Cr | ₹361.95 Cr | ₹366.68 Cr |
| Changes in Inventories | -₹44.01 Cr | ₹249.34 Cr | ₹69.89 Cr | -₹541.55 Cr | ₹556.25 Cr | -₹34.25 Cr | ₹131.28 Cr | -₹391.69 Cr | ₹178.03 Cr | -₹294.51 Cr | -₹188.4 Cr | -₹264.01 Cr |
| Employee Benefit Expense | ₹1,277.07 Cr | ₹1,162.6 Cr | ₹1,170.38 Cr | ₹1,123.46 Cr | ₹1,125.16 Cr | ₹1,037.77 Cr | ₹1,042.5 Cr | ₹955.87 Cr | ₹949.69 Cr | ₹935.49 Cr | ₹932.83 Cr | ₹854.68 Cr |
| Finance Costs | ₹1,240.61 Cr | ₹1,200.12 Cr | ₹1,152.02 Cr | ₹1,111.9 Cr | ₹1,052.82 Cr | ₹1,011.27 Cr | ₹962.3 Cr | ₹903.82 Cr | ₹829.23 Cr | ₹782.73 Cr | ₹715.07 Cr | ₹655.22 Cr |
| Depreciation & Amortisation | ₹314.01 Cr | ₹282.22 Cr | ₹268.1 Cr | ₹273.23 Cr | ₹339.8 Cr | ₹267.7 Cr | ₹244.03 Cr | ₹235.12 Cr | ₹232.87 Cr | ₹240.92 Cr | ₹226.61 Cr | ₹226.89 Cr |
| Other Expenses | ₹1,929.22 Cr | ₹1,869.4 Cr | ₹1,612.56 Cr | ₹1,616.44 Cr | ₹1,572.72 Cr | ₹1,309.96 Cr | ₹1,298.41 Cr | ₹1,305.44 Cr | ₹1,434 Cr | ₹1,242.88 Cr | ₹1,190.41 Cr | ₹1,078.29 Cr |
| Total Expenses | ₹15,493 Cr | ₹13,490 Cr | ₹11,556 Cr | ₹10,921 Cr | ₹13,097 Cr | ₹10,938 Cr | ₹10,314 Cr | ₹9,994.97 Cr | ₹12,037 Cr | ₹10,155 Cr | ₹10,500 Cr | ₹9,064.79 Cr |
| Profit Before Exceptional Items & Tax | ₹1,924.47 Cr | ₹1,520.5 Cr | ₹1,155.97 Cr | ₹886.67 Cr | ₹1,719.93 Cr | ₹1,122.26 Cr | ₹947.7 Cr | ₹759.46 Cr | ₹1,576.13 Cr | ₹964.38 Cr | ₹962.74 Cr | ₹670.66 Cr |
| Exceptional Items | -₹19.28 Cr | -₹325.16 Cr | -₹40 Cr | ₹0 | -₹110.89 Cr | ₹2.39 Cr | ₹119.02 Cr | ₹4.88 Cr | -₹66.24 Cr | ₹13.25 Cr | -₹38.39 Cr | ₹7.16 Cr |
| Profit Before Tax | ₹1,905.19 Cr | ₹1,195.34 Cr | ₹1,115.97 Cr | ₹886.67 Cr | ₹1,609.04 Cr | ₹1,124.65 Cr | ₹1,066.72 Cr | ₹764.34 Cr | ₹1,509.89 Cr | ₹977.63 Cr | ₹924.35 Cr | ₹677.82 Cr |
| Total Tax Expense | ₹558.46 Cr | ₹337.35 Cr | ₹304.31 Cr | ₹233.69 Cr | ₹374.66 Cr | ₹312.56 Cr | ₹311.51 Cr | ₹214.81 Cr | ₹581.99 Cr | ₹374.87 Cr | ₹358 Cr | ₹94.87 Cr |
| Net Profit | ₹1,381.32 Cr | ₹862.24 Cr | ₹819.7 Cr | ₹657.72 Cr | ₹1,245.92 Cr | ₹819.67 Cr | ₹766.55 Cr | ₹550.65 Cr | ₹933.69 Cr | ₹608.85 Cr | ₹569.31 Cr | ₹584.49 Cr |
| attributable to Owners | ₹1,290.7 Cr | ₹813.49 Cr | ₹755.77 Cr | ₹611.07 Cr | ₹1,130.09 Cr | ₹761.92 Cr | ₹705.64 Cr | ₹509.15 Cr | ₹853.41 Cr | ₹560.21 Cr | ₹526.01 Cr | ₹543.89 Cr |
| attributable to NCI | ₹90.62 Cr | ₹48.75 Cr | ₹63.93 Cr | ₹46.65 Cr | ₹115.83 Cr | ₹57.75 Cr | ₹60.91 Cr | ₹41.5 Cr | ₹80.28 Cr | ₹48.64 Cr | ₹43.3 Cr | ₹40.6 Cr |
| Other Comprehensive Income | -₹62.84 Cr | ₹284.12 Cr | ₹277.02 Cr | ₹375.25 Cr | ₹221.15 Cr | ₹477.83 Cr | ₹64.08 Cr | ₹107.37 Cr | ₹574.58 Cr | -₹73.95 Cr | ₹50.8 Cr | -₹28.23 Cr |
| Total Comprehensive Income | ₹1,318.48 Cr | ₹1,146.36 Cr | ₹1,096.72 Cr | ₹1,032.97 Cr | ₹1,467.07 Cr | ₹1,297.5 Cr | ₹830.63 Cr | ₹658.02 Cr | ₹1,508.27 Cr | ₹534.9 Cr | ₹620.11 Cr | ₹556.26 Cr |
| EBITDA (computed) | ₹3,479.09 Cr | ₹3,002.84 Cr | ₹2,576.09 Cr | ₹2,271.8 Cr | ₹3,112.55 Cr | ₹2,401.23 Cr | ₹2,154.03 Cr | ₹1,898.4 Cr | ₹2,638.23 Cr | ₹1,988.03 Cr | ₹1,904.42 Cr | ₹1,552.77 Cr |
| Basic EPS | ₹2.20 | ₹1.38 | ₹1.29 | ₹1.04 | ₹3.85 | ₹2.59 | ₹2.40 | ₹1.73 | ₹2.91 | ₹1.91 | ₹1.79 | ₹1.85 |
| Diluted EPS | ₹2.20 | ₹1.38 | ₹1.29 | ₹1.04 | ₹3.84 | ₹2.59 | ₹2.40 | ₹1.73 | ₹2.90 | ₹1.91 | ₹1.79 | ₹1.85 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Commercial vehicle | ₹15,087 Cr | ₹1,524.36 Cr | ₹28,863 Cr | ₹20,970 Cr |
| Financial service | ₹2,159.31 Cr | ₹342.59 Cr | ₹72,178 Cr | ₹61,524 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Commercial vehicle | ₹48,314 Cr | ₹4,379.32 Cr | - | - |
| Financial service | ₹8,049.34 Cr | ₹949.58 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹44,007 Cr | ₹38,753 Cr | ₹38,367 Cr | ₹36,144 Cr | ₹21,688 Cr | ₹15,301 Cr | ₹17,467 Cr |
| Other Income | ₹315.17 Cr | ₹250.25 Cr | ₹246.57 Cr | ₹116.14 Cr | ₹76.13 Cr | ₹119.5 Cr | ₹123.34 Cr |
| Total Income | ₹44,322 Cr | ₹39,003 Cr | ₹38,614 Cr | ₹36,260 Cr | ₹21,764 Cr | ₹15,421 Cr | ₹17,591 Cr |
| Cost of Materials Consumed | ₹29,723 Cr | ₹25,712 Cr | ₹26,917 Cr | ₹27,247 Cr | ₹15,913 Cr | ₹11,119 Cr | ₹10,384 Cr |
| Purchases of Stock-in-Trade | ₹1,805.39 Cr | ₹1,680.46 Cr | ₹1,506.41 Cr | ₹1,160.69 Cr | ₹896.9 Cr | ₹746.66 Cr | ₹793.22 Cr |
| Changes in Inventories | -₹110.93 Cr | ₹230.58 Cr | -₹510.94 Cr | -₹558.49 Cr | -₹48.99 Cr | -₹462.31 Cr | ₹1,191.47 Cr |
| Employee Benefit Expense | ₹2,606.69 Cr | ₹2,406.27 Cr | ₹2,233.38 Cr | ₹2,113.86 Cr | ₹1,697.6 Cr | ₹1,583.89 Cr | ₹1,615.06 Cr |
| Finance Costs | ₹169.73 Cr | ₹216.91 Cr | ₹249.44 Cr | ₹289.09 Cr | ₹301.11 Cr | ₹306.79 Cr | ₹109.45 Cr |
| Depreciation & Amortisation | ₹715.19 Cr | ₹719.34 Cr | ₹717.81 Cr | ₹731.96 Cr | ₹752.76 Cr | ₹747.71 Cr | ₹669.8 Cr |
| Other Expenses | ₹4,250.95 Cr | ₹3,793.13 Cr | ₹3,615.06 Cr | ₹3,250.43 Cr | ₹2,235.1 Cr | ₹1,779.11 Cr | ₹2,309.6 Cr |
| Total Expenses | ₹39,160 Cr | ₹34,758 Cr | ₹34,728 Cr | ₹34,234 Cr | ₹21,748 Cr | ₹15,821 Cr | ₹17,073 Cr |
| Profit Before Exceptional Items & Tax | ₹5,162.5 Cr | ₹4,244.56 Cr | ₹3,885.9 Cr | ₹2,025.79 Cr | ₹16.78 Cr | -₹399.86 Cr | ₹517.75 Cr |
| Exceptional Items | -₹348.48 Cr | ₹103.73 Cr | -₹93.72 Cr | ₹84.61 Cr | ₹510.83 Cr | -₹12.05 Cr | -₹155.83 Cr |
| Profit Before Tax | ₹4,814.02 Cr | ₹4,348.29 Cr | ₹3,792.18 Cr | ₹2,110.4 Cr | ₹527.61 Cr | -₹411.91 Cr | ₹361.92 Cr |
| Total Tax Expense | ₹1,248.49 Cr | ₹1,045 Cr | ₹1,174.31 Cr | ₹730.29 Cr | -₹14.22 Cr | -₹98.23 Cr | ₹122.4 Cr |
| Net Profit | ₹3,565.53 Cr | ₹3,303.29 Cr | ₹2,617.87 Cr | ₹1,380.11 Cr | ₹541.83 Cr | -₹313.68 Cr | ₹239.52 Cr |
| Other Comprehensive Income | -₹99.88 Cr | -₹11.96 Cr | -₹21.06 Cr | -₹2.64 Cr | -₹3.91 Cr | ₹7.87 Cr | -₹62.63 Cr |
| Total Comprehensive Income | ₹3,465.65 Cr | ₹3,291.33 Cr | ₹2,596.81 Cr | ₹1,377.47 Cr | ₹537.92 Cr | -₹305.81 Cr | ₹176.89 Cr |
| EBITDA (computed) | ₹6,047.42 Cr | ₹5,180.81 Cr | ₹4,853.15 Cr | ₹3,046.84 Cr | ₹1,070.65 Cr | ₹654.64 Cr | ₹1,297 Cr |
| Basic EPS | ₹6.07 | ₹11.25 | ₹8.92 | ₹4.70 | ₹1.85 | ₹-1.07 | ₹0.82 |
| Diluted EPS | ₹6.07 | ₹11.23 | ₹8.90 | ₹4.70 | ₹1.84 | ₹-1.07 | ₹0.82 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹28,594 Cr | ₹25,526 Cr | ₹23,612 Cr | ₹22,592 Cr |
| Non-current Assets | ₹13,932 Cr | ₹13,194 Cr | ₹11,949 Cr | ₹10,888 Cr |
| Current Assets | ₹14,662 Cr | ₹12,309 Cr | ₹11,597 Cr | ₹11,632 Cr |
| Property, Plant & Equipment | ₹5,335.14 Cr | ₹4,681.97 Cr | ₹4,737.52 Cr | ₹4,984.83 Cr |
| Inventories | ₹3,486.02 Cr | ₹2,957.32 Cr | ₹3,190.69 Cr | ₹2,774.48 Cr |
| Trade Receivables | ₹2,950.41 Cr | ₹2,887.32 Cr | ₹3,569.65 Cr | ₹4,062.08 Cr |
| Cash & Equivalents | ₹2,031.09 Cr | ₹2,659.82 Cr | ₹1,941.87 Cr | ₹454.11 Cr |
| Equity (Net Worth) | ₹13,113 Cr | ₹11,519 Cr | ₹8,810.37 Cr | ₹8,425.8 Cr |
| Equity Share Capital | ₹587.39 Cr | ₹293.65 Cr | ₹293.63 Cr | ₹293.61 Cr |
| Borrowings (Non-current) | ₹547.48 Cr | ₹933.97 Cr | ₹1,161.04 Cr | ₹1,797.25 Cr |
| Borrowings (Current) | ₹647.56 Cr | ₹547.75 Cr | ₹1,138.36 Cr | ₹1,427.58 Cr |
| Total Debt (computed) | ₹1,195.04 Cr | ₹1,481.72 Cr | ₹2,299.4 Cr | ₹3,224.83 Cr |
| Current Liabilities | ₹13,327 Cr | ₹11,426 Cr | ₹12,038 Cr | ₹11,062 Cr |
| Total Liabilities | ₹15,480 Cr | ₹14,007 Cr | ₹14,801 Cr | ₹14,166 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹4,792.1 Cr | ₹7,819.42 Cr | ₹2,503.12 Cr | ₹2,136.01 Cr | ₹2,646.93 Cr |
| Investing Cash Flow | -₹3,205.2 Cr | -₹4,077.86 Cr | ₹902.13 Cr | -₹1,734.53 Cr | -₹1,458.91 Cr |
| Financing Cash Flow | -₹2,217.12 Cr | -₹3,023.5 Cr | -₹1,917.47 Cr | -₹940.17 Cr | -₹723.76 Cr |
| Capital Expenditure | ₹1,049.53 Cr | ₹954.29 Cr | ₹495.5 Cr | ₹502.05 Cr | ₹400.02 Cr |
| Free Cash Flow (computed) | ₹3,742.57 Cr | ₹6,865.13 Cr | ₹2,007.62 Cr | ₹1,633.96 Cr | ₹2,246.91 Cr |
| Dividends Paid | ₹1,835.42 Cr | ₹2,040.77 Cr | ₹763.39 Cr | ₹293.55 Cr | ₹176.13 Cr |
| Net Change in Cash | -₹628.73 Cr | ₹717.95 Cr | ₹1,487.76 Cr | -₹540.14 Cr | ₹464.12 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹14,160 Cr | ₹11,534 Cr | ₹9,588.18 Cr | ₹8,724.51 Cr | ₹11,907 Cr | ₹9,478.67 Cr | ₹8,768.83 Cr | ₹8,598.53 Cr | ₹11,267 Cr | ₹9,273.01 Cr | ₹9,638.04 Cr | ₹8,189.29 Cr |
| Other Income | ₹68.29 Cr | ₹59.25 Cr | ₹134.78 Cr | ₹52.85 Cr | ₹105.93 Cr | ₹24.71 Cr | ₹97.27 Cr | ₹22.34 Cr | ₹117.9 Cr | ₹30.03 Cr | ₹47.46 Cr | ₹51.18 Cr |
| Total Income | ₹14,229 Cr | ₹11,593 Cr | ₹9,722.96 Cr | ₹8,777.36 Cr | ₹12,013 Cr | ₹9,503.38 Cr | ₹8,866.1 Cr | ₹8,620.87 Cr | ₹11,385 Cr | ₹9,303.04 Cr | ₹9,685.5 Cr | ₹8,240.47 Cr |
| Cost of Materials Consumed | ₹9,535.53 Cr | ₹7,590.17 Cr | ₹6,210.35 Cr | ₹6,386.63 Cr | ₹7,372 Cr | ₹6,367.4 Cr | ₹5,773.54 Cr | ₹6,198.8 Cr | ₹7,492.48 Cr | ₹6,555.36 Cr | ₹6,992.28 Cr | ₹5,876.42 Cr |
| Purchases of Stock-in-Trade | ₹485.08 Cr | ₹443.92 Cr | ₹449.26 Cr | ₹427.13 Cr | ₹463.38 Cr | ₹393.39 Cr | ₹406.96 Cr | ₹416.73 Cr | ₹424.52 Cr | ₹368.49 Cr | ₹355.17 Cr | ₹358.23 Cr |
| Changes in Inventories | ₹84.71 Cr | ₹291.21 Cr | ₹164.08 Cr | -₹650.93 Cr | ₹567.44 Cr | ₹13.49 Cr | ₹60.54 Cr | -₹410.89 Cr | ₹173.57 Cr | -₹226.11 Cr | -₹260.9 Cr | -₹197.5 Cr |
| Employee Benefit Expense | ₹721.56 Cr | ₹625.16 Cr | ₹647.78 Cr | ₹612.19 Cr | ₹651.49 Cr | ₹606.35 Cr | ₹598.68 Cr | ₹549.75 Cr | ₹553.53 Cr | ₹569.46 Cr | ₹572.83 Cr | ₹537.56 Cr |
| Finance Costs | ₹42.06 Cr | ₹43.83 Cr | ₹41.98 Cr | ₹41.86 Cr | ₹47.12 Cr | ₹50.06 Cr | ₹60.68 Cr | ₹59.05 Cr | ₹59.23 Cr | ₹61.63 Cr | ₹58.71 Cr | ₹69.87 Cr |
| Depreciation & Amortisation | ₹182.62 Cr | ₹177.46 Cr | ₹172.3 Cr | ₹182.81 Cr | ₹178.85 Cr | ₹192.33 Cr | ₹175.44 Cr | ₹172.72 Cr | ₹179.69 Cr | ₹178.47 Cr | ₹180.29 Cr | ₹179.36 Cr |
| Other Expenses | ₹1,268.09 Cr | ₹1,048.37 Cr | ₹954.55 Cr | ₹979.94 Cr | ₹1,061.44 Cr | ₹886.61 Cr | ₹911.81 Cr | ₹933.27 Cr | ₹1,030.48 Cr | ₹891.88 Cr | ₹898.87 Cr | ₹793.83 Cr |
| Total Expenses | ₹12,320 Cr | ₹10,220 Cr | ₹8,640.3 Cr | ₹7,979.63 Cr | ₹10,342 Cr | ₹8,509.63 Cr | ₹7,987.65 Cr | ₹7,919.43 Cr | ₹9,913.5 Cr | ₹8,399.18 Cr | ₹8,797.25 Cr | ₹7,617.77 Cr |
| Profit Before Exceptional Items & Tax | ₹1,909.13 Cr | ₹1,372.98 Cr | ₹1,082.66 Cr | ₹797.73 Cr | ₹1,670.92 Cr | ₹993.75 Cr | ₹878.45 Cr | ₹701.44 Cr | ₹1,471.09 Cr | ₹903.86 Cr | ₹888.25 Cr | ₹622.7 Cr |
| Exceptional Items | ₹0 | -₹308.48 Cr | -₹40 Cr | ₹0 | -₹13.65 Cr | ₹0 | ₹117.38 Cr | ₹0 | -₹69.66 Cr | -₹59 Lakh | -₹22.88 Cr | -₹59 Lakh |
| Profit Before Tax | ₹1,909.13 Cr | ₹1,064.5 Cr | ₹1,042.66 Cr | ₹797.73 Cr | ₹1,657.27 Cr | ₹993.75 Cr | ₹995.83 Cr | ₹701.44 Cr | ₹1,401.43 Cr | ₹903.27 Cr | ₹865.37 Cr | ₹622.11 Cr |
| Total Tax Expense | ₹504.41 Cr | ₹268.48 Cr | ₹271.6 Cr | ₹204 Cr | ₹411.4 Cr | ₹232.01 Cr | ₹225.73 Cr | ₹175.86 Cr | ₹501.02 Cr | ₹323.24 Cr | ₹304.36 Cr | ₹45.69 Cr |
| Net Profit | ₹1,404.72 Cr | ₹796.02 Cr | ₹771.06 Cr | ₹593.73 Cr | ₹1,245.87 Cr | ₹761.74 Cr | ₹770.1 Cr | ₹525.58 Cr | ₹900.41 Cr | ₹580.03 Cr | ₹561.01 Cr | ₹576.42 Cr |
| Other Comprehensive Income | -₹28.87 Cr | -₹55 Lakh | -₹57.64 Cr | -₹12.81 Cr | ₹5.75 Cr | ₹78 Lakh | -₹13.68 Cr | -₹4.81 Cr | -₹7.07 Cr | -₹4.6 Cr | -₹7.69 Cr | -₹1.7 Cr |
| Total Comprehensive Income | ₹1,375.85 Cr | ₹795.47 Cr | ₹713.42 Cr | ₹580.92 Cr | ₹1,251.62 Cr | ₹762.52 Cr | ₹756.42 Cr | ₹520.77 Cr | ₹893.34 Cr | ₹575.43 Cr | ₹553.32 Cr | ₹574.72 Cr |
| EBITDA (computed) | ₹2,133.81 Cr | ₹1,594.27 Cr | ₹1,296.94 Cr | ₹1,022.4 Cr | ₹1,896.89 Cr | ₹1,236.14 Cr | ₹1,114.57 Cr | ₹933.21 Cr | ₹1,710.01 Cr | ₹1,143.96 Cr | ₹1,127.25 Cr | ₹871.93 Cr |
| Basic EPS | ₹2.39 | ₹1.36 | ₹1.31 | ₹1.01 | ₹4.24 | ₹2.59 | ₹2.62 | ₹1.79 | ₹3.07 | ₹1.98 | ₹1.91 | ₹1.96 |
| Diluted EPS | ₹2.39 | ₹1.36 | ₹1.31 | ₹1.01 | ₹4.24 | ₹2.59 | ₹2.62 | ₹1.79 | ₹3.06 | ₹1.97 | ₹1.91 | ₹1.96 |
Shareholding Pattern of Ashok Leyland Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 51.51%, foreign institutional investors hold 24.57%, domestic institutional investors hold 13.06%, retail and other public shareholders hold 10.79% of Ashok Leyland Limited. The company had 1,502,640 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jul 2025 | Jun 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Promoters | 51.51% | 51.51% | 51.51% | 51.52% | 51.52% | 51.52% |
| Public | 48.49% | 48.49% | 48.49% | 48.48% | 48.48% | 48.48% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.51% | 51.52% | 51.52% | 51.53% | 51.54% | 51.54% | 51.54% | 51.12% | 51.27% | 50.38% | 50.38% |
| Public | 48.49% | 48.48% | 48.48% | 48.47% | 48.46% | 48.46% | 48.46% | 48.88% | 48.73% | 49.62% | 49.62% |
| Promoter change (YoY, %pts) | -0.01 | +0.00 | -0.01 | -0.01 | +0.00 | +0.00 | +0.42 | -0.15 | +0.89 | +0.00 | - |
Board & Governance of Ashok Leyland Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Ashok Leyland Limited has 11 directors - 6 independent and 3 executive. The board is chaired by DHEERAJ GOPICHAND HINDUJA.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| DHEERAJ GOPICHAND HINDUJA | Executive Director · Chairperson | 1996-09-03 | 1 |
| SANJAY KHATAU ASHER | Non-Executive - Non Independent Director | 2024-08-14 | 7 |
| GOPAL MAHADEVAN | Executive Director | 2019-05-24 | 1 |
| SAUGATA GUPTA | Non-Executive - Independent Director · Shareholder Director | 2019-11-08 | 3 |
| SHOM ASHOK HINDUJA | Non-Executive - Non Independent Director | 2021-11-12 | 2 |
| SHENU AGARWAL | Executive Director · CEO-MD | 2022-12-08 | 1 |
| THOMAS DAUNER | Non-Executive - Independent Director · Shareholder Director | 2024-06-04 | 1 |
| VENKATRAMANI SUMANTRAN | Non-Executive - Independent Director · Shareholder Director | 2024-05-24 | 2 |
| SVEN CHRISTOPH ENNERST | Non-Executive - Independent Director · Shareholder Director | 2025-06-01 | 1 |
| SRIDHARAN KESAVAN | Non-Executive - Independent Director · Shareholder Director | 2025-08-25 | 1 |
| GEETA MATHUR | Non-Executive - Independent Director · Shareholder Director | 2025-08-25 | 6 |
| Committee | Members |
|---|---|
| Audit Committee | SRIDHARAN KESAVAN (Chairperson), GEETA MATHUR, SANJAY KHATAU ASHER, SAUGATA GUPTA, THOMAS DAUNER |
| Nomination and remuneration committee | SAUGATA GUPTA (Chairperson), VENKATRAMANI SUMANTRAN, SRIDHARAN KESAVAN |
| Stakeholders Relationship Committee | VENKATRAMANI SUMANTRAN (Chairperson), DHEERAJ GOPICHAND HINDUJA, SHENU AGARWAL |
| Risk Management Committee | VENKATRAMANI SUMANTRAN (Chairperson), SANJAY KHATAU ASHER, SHENU AGARWAL, GOPAL MAHADEVAN |
| Corporate Social Responsibility Committee | DHEERAJ GOPICHAND HINDUJA (Chairperson), SANJAY KHATAU ASHER, SHENU AGARWAL, VENKATRAMANI SUMANTRAN |
Group Structure of Ashok Leyland Limited
Ashok Leyland Limited has 14 subsidiary companies, 2 joint ventures, and 5 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Ashok Leyland Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ohm Global Mobility Private Limited | U34100TN2021PTC141882 | - |
| Vishwa Buses And Coaches Limited | U34101TN2020PLC139539 | - |
| Gulf Ashley Motor Limited | U34102TN2004PLC052489 | - |
| Switch Mobility Automotive Limited | U34300TN2020PLC140385 | - |
| Global Tvs Bus Body Builders Limited | U35202TN1998PLC041466 | - |
| Gaadi Mandi Digital Platforms Limited | U50400TN2022PLC149280 | - |
Showing major subsidiaries. Total: 14.
Charges & Borrowings of Ashok Leyland Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 2025 | Axis Bank Limited | ₹350 Cr | Open |
| 17 Jun 2022 | Hdfc Bank Limited | ₹250 Cr | Open |
| 07 Jun 2022 | Others | ₹200 Cr | Open |
| 17 Mar 2022 | Others | ₹200 Cr | Open |
| 30 Mar 2021 | Others | ₹100 Cr | Open |
Total charge records: 74 View all charges
Employees and EPFO Compliance at Ashok Leyland Limited
Ashok Leyland Limited has a workforce of 10,033 employees as of Mar 31, 2024.
Employee Count & EPFO Data of Ashok Leyland Limited
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GST Compliance of Ashok Leyland Limited
GSTIN & GST Filing Data of Ashok Leyland Limited
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Credit Ratings, Litigation & Regulatory Alerts for Ashok Leyland Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Ashok Leyland Limited
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MSME Payment Delays by Ashok Leyland Limited
MSME Payment Delays by Ashok Leyland Limited
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Subsidiaries & Group Companies of Ashok Leyland Limited
Subsidiaries & Group Companies of Ashok Leyland Limited
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MCA Filings & Documents of Ashok Leyland Limited
MCA Filings & Documents of Ashok Leyland Limited
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Recent Activity on Ashok Leyland Limited
Recent News on Ashok Leyland Limited
Frequently Asked Questions about Ashok Leyland Limited
Ashok Leyland Limited is an active public limited company in the automotive sector based in Chennai, Tamil Nadu, India. It was incorporated on 07 September 1948 (78+ years old) and is registered under CIN L34101TN1948PLC000105. Listed on BSE: 500477 and NSE: ASHOKLEY. The company has 10,033 employees.
Ashok Leyland Limited reported revenue of ₹48,894 Cr for FY 2025 (up 6.00% YoY).
The current directors of Ashok Leyland Limited are:
- Venkataramani Sumantran
- Natarajan Ramanathan
- Shenu Agarwal
- Thomas Dauner
- Sridharan Kesavan
- Ramanathan Natarajan
- Gopal Mahadevan
- Kidambi Mani Balaji
- Jose Maria Alapont
- Saugata Gupta
- Dheeraj Gopichand Hinduja
- Geeta Mathur
- Shom Ashok Hinduja
- Sanjay Khatau Asher
- Natarajan Ramanathan
- Sven Christoph Ennerst
- Kidambi Mani Balaji
The primary industry of Ashok Leyland Limited is automotive. The company specifically operates in commercial vehicles and fleet. The company is currently active in this sector.
Yes. Ashok Leyland Limited is listed on both BSE (code: 500477) and NSE (symbol: ASHOKLEY).
Ashok Leyland Limited can be reached at the registered office: No. 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032, or through the website ashokleyland.com.