Ashok Leyland Limited

BSE: 500477 NSE: ASHOKLEY
Ashok Leyland Limited - automotive in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L34101TN1948PLC000105 Incorporated 07 September 1948 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Listed - NSE: ASHOKLEY · BSE: 500477 Public Limited Company automotive Fortune India 500 · #58 Nifty 500
Data last updated
Market Cap
₹83,350 Cr
ASHOKLEY · NSE
Share Price
₹142.00
+0.07% today
Revenue
₹49,309 Cr
FY 2025-26 · +14.1% YoY
EBITDA
₹2,306 Cr
Margin 4.7%
Net Profit
₹3,642 Cr
FY 2025-26 · +21.6% YoY
P/E (TTM)
22.8x
P/B 6.0x
ROE
28.1%
ROCE 13.8%
Debt / Equity
4.30
Interest cover 402.6x

About Ashok Leyland Limited

Data last updated:

Ashok Leyland Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Hinduja Automotive Limited, U.K. It operates in the commercial vehicles and fleet segment of the automotive sector. It was incorporated on 07 September 1948 and has been in existence for over 78 years.

Ashok Leyland is ranked #58 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L34101TN1948PLC000105. Its GSTIN is 33AAACA4651L1ZT (Tamil Nadu). The company holds 34 GST registrations, of which 24 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500477 and NSE: ASHOKLEY.

The company has an authorised share capital of ₹3,592.1 Cr and a paid-up capital of ₹587.39 Cr. It was formerly known as Ashok Motors Limited. It is led by directors including Shenu Agarwal (Managing Director) and Dheeraj Gopichand Hinduja (Whole-Time Director).

Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at No. 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹49,309 Cr, a growth of 14.1% compared to the previous year. For the same year it recorded a net profit of ₹3,642.48 Cr (net margin 7.4%) and EBITDA of ₹2,306.12 Cr (EBITDA margin 4.7%). The net worth stands at ₹14,242 Cr (up 16.4% YoY). Total assets are valued at ₹83,915 Cr (up 25% YoY).

The company has about 10,033 employees on its provident fund (EPFO) records. 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. Court records list 2,048 cases involving the company, including 758 filed by the company and 1,294 filed against it; 265 cases are pending. The company has 31 deals on record (28 market trades, 1 funding round, 1 qip), with disclosed funding of ₹62.71 Cr; the latest was in July 2025. Its 5 peer companies in the Automobiles industry (Commercial Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 1 larger and 4 smaller; the largest is Mahindra and Mahindra Limited with revenue of ₹1,05,806 Cr. The company has 34 MSME Form 1 returns on record between 2014 and 2022, listing 3,156 overdue payments to 178 micro and small suppliers.

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.

Company details

CIN L34101TN1948PLC000105
Registration Number 000105
Incorporation Date 07 September 1948
ROC Chennai
Listing Status Listed - Listed on NSE (ASHOKLEY); Listed on BSE (500477)
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Hinduja Automotive Limited, U.K
Compliance Status Active Compliant

CIN history

Ashok Leyland has one previous CIN (Corporate Identification Number): L34101TN1956PLC000105. The current CIN is L34101TN1948PLC000105, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L34101TN1948PLC000105Current
L34101TN1956PLC000105Previous
Key People
Shenu Agarwal Managing Director Dheeraj Gopichand Hinduja Whole-Time Director Kidambi Mani Balaji Cfo

Recognitions & Rankings of Ashok Leyland

Fortune India 500 2025 edition
Rank#58
Total income
₹49,715 Cr
Profit
₹3,107 Cr
Last year #56
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#102
Valuation
₹67,150 Cr
2023 #94 2022 #91 2021 #100
Stock market indices
Nifty 500 BSE 500

Contact details

Ashok Leyland Limited's registered office is in Chennai, Tamil Nadu. Its website is ashokleyland.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ashokleyland.com
  • Social Media
  • Registered Address
    No. 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032
  • Industry
    Automotive, Commercial Vehicles & Fleet

To see the full contact details of Ashok Leyland Limited, buy the company report.

Comprehensive company report
Ashok Leyland Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Ashok Leyland operates one associated brand: Ashok Leyland. Each brand links to its own profile.

BrandDescriptionWebsite
Ashok Leyland
Commercial buses and trucks are manufactured by Ashok Leyland.ashokleyland.com

Business activity

The main business activity of Ashok Leyland is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC11Motor vehicles, trailers, semi trailers and other Transport Vehicles

To see the full business activity and turnover split of Ashok Leyland Limited, buy the company report.

Financials of Ashok Leyland Limited

FY 2025-26 filings available

Ashok Leyland Limited reported revenue of ₹49,309 Cr (up 14.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹49,309 Cr
+14.1% YoY
EBITDA
₹2,306 Cr
-19.1% YoY
Profit After Tax
₹3,642 Cr
+21.6% YoY
Net Worth
₹14,242 Cr
+16.4% YoY
Total Assets
₹83,915 Cr
+25.0% YoY
Total Debt
₹63,936 Cr
+28.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue49,30943,21546,45542,29226,56519,75422,412
Revenue growth+14.1%-7.0%+9.8%+59.2%+34.5%-11.9%-
EBITDA2,3062,8527,7045,0512,3592,3763,180
EBITDA margin+4.7%+6.6%+16.6%+11.9%+8.9%+12.0%+14.2%
Profit before tax5,1554,5964,1062,269(200)(67.08)739
Net profit3,6422,9952,4891,18853.95(189)356
Net profit margin+7.4%+6.9%+5.4%+2.8%+0.2%-1.0%+1.6%
EPS (₹)5.9110.588.464.23(1.22)(0.56)1.15
Balance sheet
Total assets83,91567,15853,88943,02133,35633,82431,959
Net worth14,24212,2329,0058,5547,3047,8627,789
Total debt63,93649,96240,80231,16124,14524,07722,417
Cash & bank10,7577,2637,0802,1872,1381,7792,235
Net working capital22,02016,41615,3799,7467,0567,8189,297
Cash flow
Cash from operations(4,895)128(6,258)(4,499)2,845(1,065)383
Cash from investing(6,986)(5,759)1,135(2,904)(1,917)(973)(1,201)
Cash from financing11,6176,9588,4327,281(378)1,3311,239
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue13,07017,24614,83012,57711,70914,69611,99511,148
Revenue growth (YoY)+11.6%+17.4%+23.6%+12.8%+9.2%---
Other income19520518514310313374.91245
EBITDA2,4103,2892,4972,4012,1732,8802,3362,040
EBITDA margin+18.5%+19.2%+16.9%+19.2%+18.6%+19.7%+19.6%+18.4%
Depreciation315314282268273340268244
Interest1,3411,2411,2001,1521,1121,0531,011962
Profit before tax9501,9401,2001,1248911,6211,1321,078
Tax282558337304234375313312
Net profit6681,3818628206581,246820767
EPS (₹)1.052.201.381.292.083.842.592.40
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue44,80239,55839,08336,74121,99615,59817,885
Revenue growth+13.3%+1.2%+6.4%+67.0%+41.0%-12.8%-
EBITDA5,3844,9144,4592,9095864371,018
EBITDA margin+12.0%+12.4%+11.4%+7.9%+2.7%+2.8%+5.7%
Profit before tax4,8144,3483,7922,110528(412)362
Net profit3,7233,0782,6321,30224.77(318)329
Net profit margin+8.3%+7.8%+6.7%+3.5%+0.1%-2.0%+1.8%
EPS (₹)6.0711.258.924.701.85(1.07)0.82
Balance sheet
Total assets15,37914,10012,13912,44311,31111,18411,066
Net worth13,11311,5198,8108,4267,3376,9777,264
Total debt1,1951,4822,2993,2253,5543,7593,322
Cash & bank2,9772,7063,4385011,0478231,322
Net working capital(2,137)(1,588)497(713)(669)356365
Cash flow
Cash from operations4,7927,8192,5032,1362,64721.13941
Cash from investing(3,204)(4,078)902(1,736)(1,459)(976)(2,176)
Cash from financing(2,217)(3,024)(1,917)(940)(724)2061,149
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9,63414,16011,5349,5888,72511,9079,4798,769
Revenue growth (YoY)+10.4%+18.9%+21.7%+9.3%+1.5%---
Other income85.1068.2959.2513552.8510624.71215
Total expenses8,66512,09510,3078,4667,75510,1298,2677,752
EBITDA9702,0661,2271,1229701,7771,2111,017
EBITDA margin+10.1%+14.7%+10.7%+11.8%+11.2%+15.0%+12.8%+11.7%
Depreciation183183177172183179192175
Interest41.5342.0643.8341.9841.8647.1250.0660.68
Profit before tax8301,9091,0641,0437981,657994996
Tax221504268272204411232226

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue13,07017,24614,83012,57711,70914,69611,99511,148
Revenue growth (YoY)+11.6%+17.4%+23.6%+12.8%+9.2%---
Other income19520518514310313374.91245
EBITDA2,4103,2892,4972,4012,1732,8802,3362,040
EBITDA margin+18.5%+19.2%+16.9%+19.2%+18.6%+19.7%+19.6%+18.4%
Depreciation315314282268273340268244
Interest1,3411,2411,2001,1521,1121,0531,011962
Profit before tax9501,9401,2001,1248911,6211,1321,078
Tax282558337304234375313312
Net profit6681,3818628206581,246820767
EPS (₹)1.052.201.381.292.083.842.592.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue49,30943,21546,45542,29226,56519,75422,412
Revenue growth+14.1%-7.0%+9.8%+59.2%+34.5%-11.9%-
Other income8,6916,761311211176293111
Total expenses47,00240,36338,75137,24124,20617,37819,232
Employee cost4,8074,2413,7153,2922,6362,2222,278
EBITDA2,3062,8527,7045,0512,3592,3763,180
EBITDA margin+4.7%+6.6%+16.6%+11.9%+8.9%+12.0%+14.2%
Depreciation1,1381,087927900866836750
Interest4,7053,9302,9822,0941,8691,9011,802
Profit before tax5,1554,5964,1062,269(200)(67.08)739
Tax1,4341,2141,41090785.862.52279
Net profit3,6422,9952,4891,18853.95(189)356
Net profit margin+7.4%+6.9%+5.4%+2.8%+0.2%-1.0%+1.6%
EPS (₹)5.9110.588.464.23(1.22)(0.56)1.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital587294294294294294294
Reserves & surplus13,65411,9388,7108,2607,0107,5687,495
Shareholders' funds (net worth)14,24212,2329,0058,5547,3047,8627,789
Minority interest4,3053,6132,8102,2451,2861,2681,107
Secured loans42,34634,41027,56619,62914,46014,50112,942
Unsecured loans21,59015,55213,23711,5329,6859,5779,475
Total debt63,93649,96240,80231,16124,14524,07722,417
Total liabilities83,91567,15853,88943,02133,35633,82431,959
Assets
Gross block18,49815,94815,08813,54912,49512,41611,134
Net block10,4358,8378,1578,1297,8958,4848,031
Capital work in progress940577415268240336574
Investments7,4676,6102,3294,8522,6521,096960
Inventories4,6723,9864,0083,4402,5412,4961,547
Sundry debtors3,0873,3473,8984,1873,2643,0211,505
Cash & bank balances10,7577,2637,0802,1872,1381,7792,235
Loans & advances18,90414,97713,11710,9189,0428,3799,850
Total current assets37,42029,57328,10320,73216,98515,67415,137
Total current liabilities15,40113,15812,72510,9869,9297,8575,840
Net working capital22,02016,41615,3799,7467,0567,8189,297
Total assets83,91567,15853,88943,02133,35633,82431,959
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6,5455,2171,9092,0311,4812,1881,767
Net cash from operating activities(4,895)128(6,258)(4,499)2,845(1,065)383
Net cash from investing activities(6,986)(5,759)1,135(2,904)(1,917)(973)(1,201)
Net cash from financing activities11,6176,9588,4327,281(378)1,3311,239
Net change in cash(264)1,3273,309(122)550(707)421
Closing cash10,7577,2637,0802,1872,1381,7792,235
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.1%-7.0%+9.8%+59.2%+34.5%-11.9%-
EBITDA growth-19.1%-63.0%+52.5%+114.1%-0.7%-25.3%-
PBT growth+12.2%+11.9%+81.0%+9998.0%-197.5%--74.3%
Net income growth+21.6%+20.3%+109.5%+2102.6%+128.5%-153.2%-
Revenue CAGR (3Y)+5.3%+17.6%+33.0%+23.6%-7.6%-13.1%-1.2%
EBITDA CAGR (3Y)-23.0%+6.5%+48.0%+16.7%-21.5%-17.5%+0.7%
Profitability & leverage
Net income margin+7.6%+7.8%+5.8%+3.2%-1.1%-0.4%+2.1%
Return on capital employed+13.8%+14.9%+15.4%+12.0%+6.1%+5.5%+8.5%
Return on net worth+28.1%+31.9%+30.7%+17.2%+1.7%-1.2%+5.6%
Debt / equity4.304.274.103.493.182.972.52
Long-term debt / equity3.132.992.652.222.061.861.60
Interest cover402.60222.6744.0150.44125.19123.3974.14
Efficiency & per share
Fixed asset turnover2.862.783.173.252.131.682.24
Inventory turnover11.3910.8112.4714.1410.559.779.69
Debtors turnover15.3311.9311.4911.358.458.7310.62
EPS (₹)5.9110.588.464.23(1.22)(0.56)1.15
Dividend per share (₹)3.506.254.952.601.000.600.50
Book value per share (₹)24.2541.6530.6629.1324.8826.7826.53
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9,63414,16011,5349,5888,72511,9079,4798,769
Revenue growth (YoY)+10.4%+18.9%+21.7%+9.3%+1.5%---
Other income85.1068.2959.2513552.8510624.71215
Total expenses8,66512,09510,3078,4667,75510,1298,2677,752
EBITDA9702,0661,2271,1229701,7771,2111,017
EBITDA margin+10.1%+14.7%+10.7%+11.8%+11.2%+15.0%+12.8%+11.7%
Depreciation183183177172183179192175
Interest41.5342.0643.8341.9841.8647.1250.0660.68
Profit before tax8301,9091,0641,0437981,657994996
Tax221504268272204411232226
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue44,80239,55839,08336,74121,99615,59817,885
Revenue growth+13.3%+1.2%+6.4%+67.0%+41.0%-12.8%-
Other income315371300222996205123
Total expenses39,41834,64534,62333,83221,41015,16116,867
Employee cost2,6322,4322,2462,1361,7081,6331,686
EBITDA5,3844,9144,4592,9095864371,018
EBITDA margin+12.0%+12.4%+11.4%+7.9%+2.7%+2.8%+5.7%
Depreciation715719718732753748670
Interest170217249289301307109
Profit before tax4,8144,3483,7922,110528(412)362
Tax1,2481,0451,174730(14.22)(98.23)122
Net profit3,7233,0782,6321,30224.77(318)329
Net profit margin+8.3%+7.8%+6.7%+3.5%+0.1%-2.0%+1.8%
EPS (₹)6.0711.258.924.701.85(1.07)0.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital587294294294294294294
Reserves & surplus12,52611,2258,5178,1327,0436,6846,970
Shareholders' funds (net worth)13,11311,5198,8108,4267,3376,9777,264
Secured loans4568361,0091,3142,1271,6141,373
Unsecured loans7396461,2901,9111,4272,1451,949
Total debt1,1951,4822,2993,2253,5543,7593,322
Total liabilities15,37914,10012,13912,44311,31111,18411,066
Assets
Gross block12,96311,86911,46211,16810,76410,5589,620
Net block6,3895,8455,9526,3046,6017,0506,804
Capital work in progress479425202133194372594
Investments10,6798,6735,5606,6644,8203,0692,720
Inventories3,4862,9573,1912,7742,0752,1421,238
Sundry debtors2,9502,8873,5704,0623,0962,8161,188
Cash & bank balances2,9772,7063,4385011,0478231,322
Loans & advances1,1297391,2161,5941,9911,6701,675
Total current assets10,5429,29011,4148,9328,2097,4525,423
Total current liabilities12,67910,87810,9179,6458,8787,0955,059
Net working capital(2,137)(1,588)497(713)(669)356365
Total assets15,37914,10012,13912,44311,31111,18411,066
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2,6601,9424549945301,2791,365
Net cash from operating activities4,7927,8192,5032,1362,64721.13941
Net cash from investing activities(3,204)(4,078)902(1,736)(1,459)(976)(2,176)
Net cash from financing activities(2,217)(3,024)(1,917)(940)(724)2061,149
Net change in cash(629)7181,488(540)464(749)(85.94)
Closing cash2,9772,7063,4385011,0478231,322
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+13.3%+1.2%+6.4%+67.0%+41.0%-12.8%-
EBITDA growth+9.6%+10.2%+53.3%+396.5%+34.0%-57.0%-
PBT growth+10.7%+14.7%+79.7%+300.0%+9998.0%--85.5%
Net income growth+20.9%+16.9%+102.2%+5157.0%+107.8%-196.8%-
Revenue CAGR (3Y)+6.8%+21.6%+35.8%+27.1%-9.3%-16.5%-4.5%
EBITDA CAGR (3Y)+22.8%+103.2%+116.8%+41.9%-42.5%-45.4%-13.2%
Profitability & leverage
Net income margin+8.0%+8.4%+6.7%+3.8%+2.5%-2.0%+1.3%
Return on capital employed+33.8%+34.8%+32.9%+20.2%+2.7%-0.9%+5.9%
Return on net worth+29.0%+32.5%+30.4%+17.5%+0.4%-4.4%+4.2%
Debt / equity0.110.190.320.430.510.500.25
Long-term debt / equity0.060.100.170.300.380.280.11
Interest cover3.645.176.6713.28-180.50-98.8731.45
Efficiency & per share
Fixed asset turnover3.613.393.453.352.061.552.08
Inventory turnover13.9112.8713.1015.1510.439.239.12
Debtors turnover15.3512.2510.2410.277.447.799.68
EPS (₹)6.0711.258.924.701.85(1.07)0.82
Dividend per share (₹)3.506.254.952.601.000.600.50
Book value per share (₹)22.3239.2330.0128.7024.9923.7724.75

To see the full year-wise statements and ratios of Ashok Leyland Limited, buy the company report.

Board of directors and KMP of Ashok Leyland Limited

Ashok Leyland Limited currently reports 10 directors and 1 key managerial person. 30 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Shom Ashok Hinduja
Also directs: Aasia Enterprises LLP, Impeccable Imagination LLP, Tabula Rasha Music LLP and 5 more
Director12 Nov 20214 Years 11 MonthsCurrent
Sanjay Khatau Asher
Also directs: Repro India Limited, Epigral Limited, Sudarshan Chemical Industries Limited and 5 more
Director14 Aug 20242 Years 2 MonthsCurrent
Saugata Gupta
Also directs: Marico Limited, The Advertising Standards Council of India, Marico Innovation Foundation and 1 more
Director08 Nov 20196 Years 11 MonthsCurrent
Dheeraj Gopichand Hinduja
Also directs: Hinduja Leyland Finance Limited, Hinduja Tech Limited, Switch Mobility Automotive Limited and 2 more
Whole-Time Director03 Sep 199630 Years 1 MonthsCurrent
Shenu Agarwal
Also directs: Gro Digital Platforms Limited
Managing Director08 Dec 20223 Years 10 MonthsCurrent
Geeta Mathur
Also directs: Healthcare Global Enterprises Limited, Dixon Technologies (India) Limited, Travel Food Services Limited and 5 more
Director25 Aug 20251 Years 2 MonthsCurrent
Showing 6 of 11 current directors and KMP. View all directors and KMP

Peer comparison

Ashok Leyland Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Commercial Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mahindra and Mahindra Limited₹1,05,806 Cr (FY 2019)13.0%Mumbai, Maharashtra, India
Ashok Leyland Limitedthis company₹49,309 Cr (FY 2026)₹3,642.48 Cr7.4%14.1%10,033Chennai, Tamil Nadu, India
Ve Commercial Vehicles Limited₹23,762 Cr (FY 2025)8.0%New Delhi, Delhi, India
Daimler India Commercial Vehicles Private Limited₹10,586 Cr (FY 2025)-12.0%Kundrathur, Tamil Nadu, India
Force Motors Limited₹8,128.29 Cr (FY 2025)16.0%Pune, Maharashtra, India
Volvo Group India Private Limited₹5,487.9 Cr (FY 2025)13.0%Bangalore, Karnataka, India

To see the full peer comparison of Ashok Leyland Limited, buy the company report.

Auditor

Ashok Leyland Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Price Waterhouse & Co Chartered Accountants LLPFY 2024304026E/E-300009

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 51.50%, foreign institutional investors hold 20.70%, domestic institutional investors hold 15.80% and retail and other public shareholders hold 12.00%.

Promoters: 51.50%DII (Domestic Institutional): 15.80%FII (Foreign Institutional): 20.70%Retail & Others: 12.00%
Sep 2026
QUARTER
51.50% Promoters
15.80% DII (Domestic Institutional)
20.70% FII (Foreign Institutional)
12.00% Retail & Others
Promoter holding - history
Now 51.50% · Sep 2026High 51.50% · Dec 2025Low 51.50% · Dec 2025
50%50.8%51.5%52.3%53%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 51.50%Mar 2026: 51.50%Jun 2026: 51.50%Sep 2026: 51.50%51.50%51.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters51.50%51.50%51.50%51.50%
Public48.50%48.50%48.50%48.50%

Charges & borrowings

Open charges
₹5,100 Cr
Satisfied charges
₹6,168.26 Cr
Breakdown by lending institutions
State Bank of India₹3,500.00 Cr
Others₹1,000.00 Cr
Axis Bank Limited₹350.00 Cr
Hdfc Bank Limited₹250.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Nov 2025101186852Axis Bank Limited₹350 CrOpen
17 Jun 2022100584372Hdfc Bank Limited₹250 CrOpen
07 Jun 2022100585737Others₹200 CrOpen
17 Mar 2022100556858Others₹200 CrOpen
30 Mar 2021100429150Others₹100 CrOpen

To see the full charge records of Ashok Leyland Limited, buy the company report.

Total charge records: 74 View all charges

Deals & funding

Ashok Leyland Limited has 31 deals on record (28 market trades, 1 funding round, 1 qip), with disclosed funding of ₹62.71 Cr; the latest was in July 2025.

Total deals
31
Market trades
28
Funding round
1
QIP
1
Acquisition
1
Disclosed funding
₹62.71 Cr

Deals on record (5 of 31)

WhenDealAmountParties
Aug 2020Market trade₹96.29 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited
Aug 2020Market trade₹219.6 CrBuyer: Hrti Private Limited , Tower Research Capital Markets India Private Limited
Seller: Hrti Private Limited , Tower Research Capital Markets India Private Limited
Aug 2019Market trade₹106.25 CrBuyer: Tower Research Capital Markets India Private Limited
Seller: Tower Research Capital Markets India Private Limited
Apr 2014Market trade₹47.68 CrSeller: Idl Speciality Chemicals Limited
Mar 2012Market trade₹58 CrBuyer: In Entertainment (India) Limited
Seller: Idl Speciality Chemicals Limited

To see the full deal history of Ashok Leyland Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Ashok Leyland Limited was last rated by Icra on 28 Jan 2022.

Rating agencyRated onRating
Icra28 Jan 2022

To see the full credit ratings and regulatory alerts of Ashok Leyland Limited, buy the company report.

MSME payment delays

Ashok Leyland Limited has 34 MSME Form 1 returns on record between 2014 and 2022, listing 3,156 overdue payments to 178 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 178)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
F Care Plus LLP

To see the full MSME payment records of Ashok Leyland Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Ashok Leyland has 14 subsidiary companies, 2 joint ventures, and 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

14
Subsidiary companies
2
Joint ventures
5
Associated companies
Key subsidiaries
Company NameCINShares held
Ohm Global Mobility Private LimitedU34100TN2021PTC141882
Vishwa Buses and Coaches LimitedU34101TN2020PLC139539
Gulf Ashley Motor LimitedU34102TN2004PLC052489
Switch Mobility Automotive LimitedU34300TN2020PLC140385
Global TVS Bus Body Builders LimitedU35202TN1998PLC041466
Gaadi Mandi Digital Platforms LimitedU50400TN2022PLC149280

To see the full group structure of Ashok Leyland Limited, buy the company report.

Employees & EPFO

Ashok Leyland Limited has a workforce of 10,033 employees on its EPFO records as of Mar 31, 2024, across 8 active EPFO establishments.

Employee count
10,033
Active EPFO establishments
8
Employee growth
-2.5%

GST

Ashok Leyland has 34 GST registrations: 24 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
34
Active
24
Cancelled / inactive
10
GSTINStateStatusRegistered on
33AAACA4651L1ZTTamil NaduActive01 Jul 2017
02AAACA4651L1ZYHimachal PradeshActive01 Jul 2017
03AAACA4651L1ZWPunjabActive01 Jul 2017
04AAACA4651L1ZUChandigarhActive01 Jul 2017

To see the full GST registrations and return filing status of Ashok Leyland Limited, buy the company report.

Recent activity

Ashok Leyland Limited has 65 board changes on record since 1978: 39 appointments and 26 cessations. The latest: Jose Maria Alapont ceased to be Director on 02 Sep 2025.

Filing
Ashok Leyland Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
Charges
A charge with Others of Rs. 200.00 Cr registered on 07 Jun 2022 with Charge ID 100585737 was modified on 05 Feb 2026.
Charges
A charge with Others of Rs. 500.00 Cr registered on 09 Sep 2019 with Charge ID 100289409 was modified on 05 Feb 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 350.00 Cr with Charge ID 101186852 was registered on 03 Nov 2025.
Charges
A charge with State Bank Of India of Rs. 3,500.00 Cr registered on 31 Jan 2001 with Charge ID 90287654 was modified on 16 Oct 2025.
Charges
A charge with Others of Rs. 200.00 Cr registered on 17 Mar 2022 with Charge ID 100556858 was modified on 25 Sep 2025.
Charges
A charge registered on 27 Jun 2014 via Charge ID 10506225 with State Industries Promotion Corporation Of Tamilnadu Limited was fully satisfied on 16 Sep 2025.
Ceased
Jose Maria Alapont ceased to be Director.
Charges
A charge registered on 19 Feb 2021 via Charge ID 100416554 with Others was fully satisfied on 31 Aug 2025.
Appointed
Geeta Mathur was appointed as Director.
Appointed
Sridharan Kesavan was appointed as Director.
AGM
Ashok Leyland Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.

247 earlier events are in the company report.

News

ASHOKLEY: Rs. 15.21 Crores NSE Block Trade; for ~ 996,961 Shares, at Rs. 152.61
05 Oct 2026 · Exchange Update
Ashok Leyland: September Total Sales 24,049 Units Vs 18,813 Units (YoY); Est 23,100
01 Oct 2026 · Exchange Update
ASHOKLEY: Rs. 15.37 Crores BSE Block Trade; for ~ 980,939 Shares, at Rs. 156.70
28 Sep 2026 · Exchange Update

From our blog

Frequently asked questions

Ashok Leyland is an active public limited company based in Chennai, Tamil Nadu, India. The company works in commercial vehicles and fleet, within the automotive industry. It was incorporated on 07 September 1948 (78+ years old) and is registered under CIN L34101TN1948PLC000105. Listed on BSE: 500477 and NSE: ASHOKLEY.

Ashok Leyland reported revenue of ₹49,309 Cr for FY 2025-26 (up 14.1% YoY) based on consolidated financials.

Ashok Leyland has 11 current directors and KMP:

The latest financial statements of Ashok Leyland on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Ashok Leyland is 33AAACA4651L1ZT, registered in Tamil Nadu. The company has 34 GST registrations in all, of which 24 are active and 10 are cancelled or inactive. Other active GSTINs include 02AAACA4651L1ZY (Himachal Pradesh), 03AAACA4651L1ZW (Punjab), 04AAACA4651L1ZU (Chandigarh).

The CIN (Corporate Identification Number) of Ashok Leyland is L34101TN1948PLC000105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ashok Leyland is a listed company as per MCA records. Its shares are listed on both BSE (code: 500477) and NSE (symbol: ASHOKLEY).

Ashok Leyland has 2,048 court cases on record: 758 filed by the company and 1,294 filed against it. 265 are pending. Most are in the high courts.

Ashok Leyland was incorporated on 07 September 1948, making it 78+ years old. It is registered with the Registrar of Companies, Chennai.

Ashok Leyland has 31 deals on record (28 market trades, 1 funding round, 1 qip), with disclosed funding of ₹62.71 Cr; the latest was in July 2025.

The peers of Ashok Leyland by revenue are Mahindra and Mahindra Limited, Ve Commercial Vehicles Limited, Daimler India Commercial Vehicles Private Limited, Force Motors Limited, Volvo Group India Private Limited, all in the Automobiles industry (Commercial Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).

Jose Maria Alapont ceased to be Director on 02 Sep 2025. Geeta Mathur was appointed as Director on 25 Aug 2025. Sridharan Kesavan was appointed as Director on 25 Aug 2025. Ashok Leyland has 65 board changes on record in total.