Ashok Leyland share price target 2025 to 2030

Welcome, Dear Readers,

In this blog post, we will be exploring the fundamental and technical aspects of its past performances to predict Ashok Leyland share price target 2025 to Ashok Leyland share price target 2030. Also, we will learn about one of the admired automotive manufacturers of India, Ashok Leyland.

Ashok Leyland

Before we proceed to learn about Ashok Leyland share price target 2025, we get to know about the company. Ashok Leyland is a Hinduja group company that was founded as Ashok Motors and became Ashok Leyland post collaboration with British Leyland. It’s the second-largest commercial vehicle manufacturer in India. Ashok Leyland’s headquarters are in Chennai.

Ashok Leyland is into the manufacturing of commercial buses, trucks, light vehicles, construction equipment, and defense systems. It’s one of the largest suppliers to the Army. Ashok Leyland has manufacturing units in Alwar, Pantnagar, Bhandara, Ennore, Hosur, Kanchipuram, and Vijaywada in India. The overseas manufacturing facilities are in England and the UAE (Ras Al Khaimah). To learn more about Ashok Leyland, pls click here.

Fundamentals – Ashok Leyland share price

Ashok Leyland has a market cap of Rs 49312 cr and a Price-to-earnings ratio of 28. The current market price of Ashok Leyland share price is Rs 168 and has a book value of Rs 29. Ashok Leyland share price is trading at 5.7 times the book value. Ashok Leyland has delivered a ROCE and ROE of 11.2% and 15% respectively. The last three-year ROE of Ashok Leyland is only 5.25%, which is a concern. Ashok Leyland share price has delivered a CAGR ( Compounded Annual Growth Rate ) of 25% over the last 10 years. Ashok Leyland employs more than 11000 people.

(in cr)	Mar-21	Mar-22	Mar-23
Sales	19454	26565	42292
PBT	-67	-200	2269
net profit	-70	-285	1362

Ashok Leyland sales have increased from Rs 19454 cr in the year 2021 to Rs 42292 cr in 2023.

From a loss of 70cr in 2021 to a profit of Rs 1362cr in the year 2023, the journey has been a complete turnaround. The promoters, Hinduja Group, hold a 51% stake in the company. FIIs ( Foreign Institutional Investors) shareholding has decreased from 2021 to 2023 from 18% to 14.8% respectively.

The DIIs( Domestic Institutional Investors) shareholding has increased from 16.7% in 2021 to 22.1% in 2023. This is an increase of 32% in their holding in the last three years. The public shareholding has decreased from 13.5% in the year 2021 to 11.4% in 2023. The company has a healthy order book and is constantly developing new technologies to enhance its vehicles’ performance. To know more about Ashok Leyland fundamentals, pls visit.

Technical Analysis – Ashok Leyland share price

The 52-week high/low of the share price of Ashok Leyland is Rs 192/133. The price and volume action of Ashok Leyland share price can be understood from the technical chart below:

Above is the monthly chart of the share price of Ashok Leyland.

The share price of Ashok Leyland touched a high of Rs 28.75 in the month of January 2008. Considering this as a top, the subsequent months saw a decline in the share price and the low made was 6.15 in December 2008. The price gave a break-out above 28.75 in the month of April 2010 and a high of 40.95 was reached in November 2010. Post this high, the share price again consolidated for almost four years, till Sep 2014, and started making new highs.

Within 15 months, the share price rose to a high of 112.9, which is an increase of 177% from the breakout price of 40.95. February 2016 low was 77.7 and April 2016 high was 112.9. Considering this as a range, the share price remained sideways for another 16 months and gave a break-out in September 2017 when it closed at a price of 123.9. Within 9 months of this break-out, the new high made by the share price was 167.5, which is a 35% return over the break-out price.

Since then, the price has moved to test earlier lows and highs during the COVID-19 and post-COVID-19 times. An investor can look at the charts and derive the breakout/breakdown areas himself so that he/she may earn good returns from the price movement without the day-to-day price movement noises in the market.

Ashok Leyland share price target 2025 to 2030

The share price target of Ashok Leyland for the year 2025 is expected to be 250. The share price target of Ashok Leyland for the year 2030 is expected to be within the range of 410 to 500.

Conclusion

Patience is the key ingredient to earn money in the share market. A patient investor can earn whopping returns from the market. The above blog post is in no way a buy or sell recommendation to any investor. The sole purpose of this blog post is to educate investors regarding Ashok Leyland and the price movements through technical charts. Investors are advised to consult their financial advisors before purchasing or selling shares of Ashok Leyland. We are not SEBI-registered analysts. Investors interested to learn more, please check the links below:

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