The stock opened at Rs 182.0 and touched an intraday high and low of Rs 182.5 and Rs 180.3, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 133.1.
Total market cap of the Ashok Leyland Ltd. stood at Rs 53026.46 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 11463.03 crore for the quarter ended 30-Sep-2023, up 17.75 per cent from previous quarter’s Rs 9735.45 crore and up 19.15 per cent from the year-ago quarter’s Rs 9620.28 crore.
The net profit for latest quarter stood at Rs 526.01 crore, up 220.91 per cent from the same quarter a year ago.
Shareholding pattern
As of 30-Sep-2023, DIIs held 10.1 per cent stake in the firm, while foreign institutional investors held 20.21 per cent and the promoters 51.53 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 24.76 and a price-to-book ratio of 4.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Ashok Leyland Ltd. belongs to the Auto – Cars/UV/CV industry.