Today, we’re going on a journey to explore the estimated Ashok Leyland Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected Ashok Leyland Share Price Target.
As an investor or a beginner interested in Ashok Leyland, it is essential to understand the potential of Ashok Leyland’s share price prediction. We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Ashok Leyland Share price target for 2023, 2025, 2030 to 2050.
Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Overview of Ashok Leyland
| Name | Ashok Leyland |
| Industry | Automotive |
| Type | Multinational company |
| Founded | 1948 |
| CEO | Vinod K. Dasari |
| Headquarters | Chennai, India |
| Services | Manufactures commercial vehicles including trucks buses and defense vehicles |
| Country | India |
| Locations | India, UK, Spain, South Africa, and the Middle East |
| Website | ashokleyland.com |
| Profile | Ashok_Leyland |
Keep an eye on Ashok Leyland’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Ashok Leyland’s share price.
Fundamentals of Ashok Leyland
The fundamental analysis of Ashok Leyland Limited focuses on key factors to better understand the company’s valuation. Various valuation techniques have been used, including the Price-to-Earnings Ratio (P/E), Price-to-Sales Ratio (P/S), Price-to-Book Value Ratio (P/B), Dividend Yield, and other Details.
The most useful metrics for a fundamental analysis of a company may vary depending on the specific company and industry, as well as the goals and investment strategy of the analyst. here are some additional metrics that can be useful in fundamental analysis.
| Competitor | Market Share |
|---|---|
| Tata Motors | 35% |
| Force Motors | 15% |
| Mahindra & Mahindra | 10% |
| SML Isuzu | 5% |
| Others | 35% |
Brokerage Firms
An effective method for evaluating the Ashok Leyland share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 16 JUN 2023 | Sharekhan | 181.00 |
Buy
|
| 15 JUN 2023 | Motilal Oswal | 180.00 |
Buy
|
| 30 MAY 2023 | Geojit BNP Paribas | 168.00 |
Buy
|
| 27 MAY 2023 | BOB Capital Markets Ltd. | 184.00 |
Buy
|
| 25 MAY 2023 | HDFC Securities | 127.00 |
Sell
|
| 25 MAY 2023 | Prabhudas Lilladhar | 215.00 |
Buy
|
| 25 MAY 2023 | KRChoksey | 194.00 |
Buy
|
| 25 MAY 2023 | ICICI Securities Limited | 165.00 |
Acc.
|
| 25 MAY 2023 | ICICI Direct | 200.00 |
Buy
|
| 25 MAY 2023 | Axis Direct | 175.00 |
Buy
|
| 24 MAY 2023 | Sharekhan | 181.00 |
Buy
|
| 07 FEB 2023 | KRChoksey | 194.00 |
Buy
|
| 06 FEB 2023 | ICICI Securities Limited | 183.00 |
Buy
|
| 03 FEB 2023 | HDFC Securities | 116.00 |
Sell
|
| 03 FEB 2023 | ICICI Direct | 185.00 |
Buy
|
| 03 FEB 2023 | Axis Direct | 175.00 |
Buy
|
| 02 FEB 2023 | Prabhudas Lilladhar | 200.00 |
Buy
|
| Shareholder | % Shareholding |
|---|---|
| Promoters | 51.53% |
| Foreign Institutional Investors (FIIs) | 23.23% |
| Domestic Institutional Investors (DIIs) | 16.70% |
| Public | 8.54% |
As you can see, the promoters of Ashok Leyland are the largest shareholders, with a 51.53% stake in the company. FIIs are the second-largest shareholders, with a 23.23% stake. DIIs are the third-largest shareholders, with a 16.70% stake. The public is the fourth-largest shareholder, with an 8.54% stake.
Our Recommendation
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We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Ashok Leyland price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
Ashok Leyland Share Price Target 2023 Minimum Target-I believe that the minimum share price target for ALL in 2023 is ₹190. This is because the company has shared an optimistic outlook for the commercial vehicle (CV) industry’s growth prospects, with management guiding for over 10% growth in the MHCV segment and over 5% growth in the LCV segment in FY2024. Additionally, ALL aims to outperform the industry’s growth in FY2024 and is aiming to grow its market share with increased profitability.
With the CV industry gradually moving away from the discount-based growth model and looking for profitable growth trends, ALL is well-positioned to benefit from the replacement demand in the MHCV segment due to the growing number of aging, large-size trucks. This growth potential, coupled with the company’s focus on value unlocking in its key subsidiaries, such as Hinduja Leyland Finance Limited, makes me confident in my minimum target of ₹190.
Ashok Leyland Share Price Target 2023 Maximum Target– On the other hand, my maximum share price target for ALL in 2023 is ₹210. This is because the company has a strong ESG risk rating of 14.60, indicating low risk. Additionally, Morningstar has given ALL a buy rating with a price target of ₹181, indicating that the company is undervalued.
Furthermore, ALL targets a double-digit EBITDA margin in FY2024, which would be a significant improvement from its current EV/EBITDA of 9.0x its FY2025E. With the recovery in the bus segment and RM cost tailwind, I believe that ALL has the potential to exceed market expectations and reach my maximum target of ₹210.
Ashok Leyland’s focus on value unlocking in its key subsidiaries, such as Hinduja Leyland Finance Limited, is expected to contribute to its growth trajectory. The potential listing of Hinduja Leyland Finance in FY2024 could unlock significant value for the company and attract investor interest. These factors, combined with the gradual shift in the CV industry towards profitable growth trends and the increasing replacement demand in the MHCV segment, make us confident in our minimum target of ₹200.
Our analysis also suggests a maximum share price target of ₹230 for Ashok Leyland in 2024. The company’s strong ESG risk rating of 14.60, indicating low risk, adds to its appeal to investors. Additionally, Morningstar has given Ashok Leyland a buy rating with a price target of ₹181, suggesting that the stock is undervalued. This positive assessment, coupled with the company’s projected double-digit EBITDA margin in FY2024 and the anticipated recovery in the bus segment, further supports our optimistic outlook.
Ashok Leyland’s focus on increasing its market share and profitability is expected to drive its growth trajectory. The company aims to outperform the industry’s growth in FY2024 and has set a target of achieving a double-digit EBITDA margin. These factors, combined with the gradual shift in the CV industry towards profitable growth trends and the increasing replacement demand in the MHCV segment, provide a solid foundation for our minimum target of ₹220.
Our analysis also suggests a maximum share price target of ₹260 for Ashok Leyland in 2025. The company’s strong performance and growth potential contribute to our optimistic outlook. Ashok Leyland has demonstrated an 11% volume CAGR (Compound Annual Growth Rate) and a 110 bps expansion in EBITDA margin in the past two years. This track record, along with the recovery in the bus segment and the potential value unlocking in its key subsidiaries, such as Hinduja Leyland Finance Limited, positions Ashok Leyland for further growth
Our research indicates that Ashok Leyland has the potential for sustained growth in the long term. The company has demonstrated its ability to navigate the CV industry’s dynamics and has shared an optimistic outlook for future growth prospects. With management guiding for over 10% growth in the MHCV segment and over 5% growth in the LCV segment in FY2024, Ashok Leyland is well-positioned to capitalize on the industry’s expansion.
Furthermore, Ashok Leyland’s focus on increasing market share and profitability, along with its efforts to unlock value in key subsidiaries, such as Hinduja Leyland Finance Limited, provide a strong foundation for future growth. The company’s gradual shift towards profitable growth trends and the increasing replacement demand in the MHCV segment further support our minimum target of ₹250.
Our analysis also suggests a maximum share price target of ₹300 for Ashok Leyland in 2030. The company’s consistent performance and growth potential contribute to our optimistic outlook. Ashok Leyland has demonstrated an 11% volume CAGR and a 110 bps expansion in EBITDA margin in the past two years 1. This track record, coupled with its focus on achieving a double-digit EBITDA margin in FY2024, positions Ashok Leyland for continued success.
| Years | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹190 | ₹210 |
| 2024 | ₹200 | ₹230 |
| 2025 | ₹220 | ₹260 |
| 2030 | ₹250 | ₹300 |
| 2040 | ₹600 | ₹800 |
| 2050 | ₹900 | ₹1500 |
Based on our analysis, the maximum share price target for Ashok Leyland in 2023 could be ₹210.
Based on our analysis, the maximum share price target for Ashok Leyland in 2025 could be ₹260.
Based on our analysis, the maximum share price target for Ashok Leyland in 2030 could be ₹300.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– That these Share Price Targets for “Ashok Leyland Share Price Target” is only provided for informational purposes only. It does not constitute a recommendation to buy, sell or hold Ashok Leyland stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
