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Ashok Leyland Ltd

NSE:ASHOKLEYIndustrialsNSE:CNX200NSE:CNX500

₹147.72−0.80%At closeAt close · Mon 19 Oct · ≈ AED 5.70 · Market cap $9.06B · Next earnings Fri 6 Nov

Ratio	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	Current · undated	YoY
Gross margin	37.5%	32.3%	30.3%	35.5%	38.4%	39.6%	—	—
Operating margin	12.3%	10.1%	11.7%	16.5%	18.1%	19.3%	19.3%	+0.0 pts
Net margin	−0.9%	−1.4%	3.0%	5.5%	6.4%	6.2%	6.6%	+0.4 pts
EBITDA margin	13.8%	9.7%	12.7%	17.6%	19.9%	19.6%	—	—
Return on equity	−2.1%	−4.9%	14.5%	27.6%	25.4%	24.4%	20.1%	−4.3 pts
Return on assets	−0.4%	−0.8%	2.3%	3.7%	3.8%	3.4%	3.7%	+0.2 pts
Return on capital employed	9.2%	10.6%	15.0%	18.3%	15.9%	16.0%	—	—
Debt / equity	3.1×	3.3×	3.6×	4.5×	4.1×	4.5×	3.4×	−23.2%
Debt / assets	57.2%	55.4%	56.9%	60.3%	61.1%	63.3%	—	—
Interest coverage	1.3×	1.4×	2.3×	2.5×	2.3×	2.3×	—	—
Current ratio	1.0×	1.0×	1.1×	1.1×	1.3×	1.3×	1.3×	+0.0%
Quick ratio	0.8×	0.9×	0.9×	0.9×	1.1×	1.2×	—	—
Cash ratio	0.1×	0.1×	0.1×	0.2×	0.2×	0.3×	0.3×	+0.0%
Asset turnover	0.5×	0.6×	0.8×	0.7×	0.6×	0.6×	—	—
Inventory turnover	4.8×	7.0×	8.4×	7.3×	7.5×	7.2×	—	—
Receivables turnover	6.4×	7.9×	3.2×	11.5×	2.8×	2.8×	—	—
Dividend payout	0.0%	−49.1%	23.7%	30.7%	65.7%	52.9%	—	—

Margins, returns, leverage and liquidityUpdated Tue 31 Mar ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.