Ashok Leyland Limited
Ashok Leyland Limited, together with its subsidiaries, engages in the manufacture and sale of commercial vehicles in India and internationally. It offers buses; haulage and ICV trucks, as well as tractors and tippers; light commercial vehicles goods carriers and passenger, as well as small commercial vehicles goods carriers; and defense vehicles comprising logistics, high mobility, armored, and s… Read more
Ashok Leyland Limited (ASHOKLEY) - Net Assets
Latest net assets as of September 2025: ₹166.26 Billion INR
Based on the latest financial reports, Ashok Leyland Limited (ASHOKLEY) has net assets worth ₹166.26 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹853.10 Billion) and total liabilities (₹686.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹166.26 Billion |
| % of Total Assets | 19.49% |
| Annual Growth Rate | 13.93% |
| 5-Year Change | 73.54% |
| 10-Year Change | 178.91% |
| Growth Volatility | 15.72 |
Ashok Leyland Limited - Net Assets Trend (2005–2025)
This chart illustrates how Ashok Leyland Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ashok Leyland Limited (2005–2025)
The table below shows the annual net assets of Ashok Leyland Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹158.45 Billion | +34.11% |
| 2024-03-31 | ₹118.15 Billion | +9.44% |
| 2023-03-31 | ₹107.96 Billion | +25.68% |
| 2022-03-31 | ₹85.90 Billion | -5.92% |
| 2021-03-31 | ₹91.30 Billion | +2.64% |
| 2020-03-31 | ₹88.96 Billion | -9.42% |
| 2019-03-31 | ₹98.21 Billion | +19.10% |
| 2018-03-31 | ₹82.46 Billion | +18.10% |
| 2017-03-31 | ₹69.82 Billion | +22.90% |
| 2016-03-31 | ₹56.81 Billion | +18.99% |
| 2015-03-31 | ₹47.74 Billion | +2.87% |
| 2014-03-31 | ₹46.41 Billion | +4.18% |
| 2013-03-31 | ₹44.55 Billion | +5.76% |
| 2012-03-31 | ₹42.12 Billion | +6.29% |
| 2011-03-31 | ₹39.63 Billion | +8.02% |
| 2010-03-31 | ₹36.69 Billion | +5.61% |
| 2009-03-31 | ₹34.74 Billion | +61.65% |
| 2008-03-31 | ₹21.49 Billion | +13.43% |
| 2007-03-31 | ₹18.95 Billion | +34.13% |
| 2006-03-31 | ₹14.12 Billion | +20.94% |
| 2005-03-31 | ₹11.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ashok Leyland Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6358350000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹63.58 Billion | 51.98% |
| Common Stock | ₹2.94 Billion | 2.40% |
| Other Comprehensive Income | ₹119.38 Billion | 97.60% |
| Total Equity | ₹122.32 Billion | 100.00% |
Ashok Leyland Limited Competitors by Market Cap
The table below lists competitors of Ashok Leyland Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIG Nex1 Co Ltd
KO:079550
|
$6.68 Billion |
|
Fannie Mae
LSE:0IL0
|
$6.68 Billion |
|
Clearwater Analytics Holdings Inc
NYSE:CWAN
|
$6.68 Billion |
|
Nexstar Broadcasting Group Inc
NASDAQ:NXST
|
$6.69 Billion |
|
Terex Corporation
NYSE:TEX
|
$6.66 Billion |
|
BILIBILI INC. DL -0001
F:71BB
|
$6.66 Billion |
|
Hang Lung Properties Ltd
PINK:HLPPY
|
$6.66 Billion |
|
Nippon Sanso Holdings Corporation
PINK:TYNPF
|
$6.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ashok Leyland Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 90,046,200,000 to 122,320,900,000, a change of 32,274,700,000 (35.8%).
- Net income of 31,068,000,000 contributed positively to equity growth.
- Dividend payments of 20,407,700,000 reduced retained earnings.
- Share repurchases of 3,945,100,000 reduced equity.
- New share issuances of 3,937,100,000 increased equity.
- Other comprehensive income increased equity by 95,471,100,000.
- Other factors decreased equity by 73,848,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹31.07 Billion | +25.4% |
| Dividends Paid | ₹20.41 Billion | -16.68% |
| Share Repurchases | ₹3.95 Billion | -3.23% |
| Share Issuances | ₹3.94 Billion | +3.22% |
| Other Comprehensive Income | ₹95.47 Billion | +78.05% |
| Other Changes | ₹-73.85 Billion | -60.37% |
| Total Change | ₹- | 35.84% |
Book Value vs Market Value Analysis
This analysis compares Ashok Leyland Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 76.58x to 8.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹2.23 | ₹170.65 | x |
| 2006-03-31 | ₹2.71 | ₹170.65 | x |
| 2007-03-31 | ₹3.61 | ₹170.65 | x |
| 2008-03-31 | ₹4.04 | ₹170.65 | x |
| 2009-03-31 | ₹6.53 | ₹170.65 | x |
| 2010-03-31 | ₹6.89 | ₹170.65 | x |
| 2011-03-31 | ₹7.45 | ₹170.65 | x |
| 2012-03-31 | ₹7.92 | ₹170.65 | x |
| 2013-03-31 | ₹8.37 | ₹170.65 | x |
| 2014-03-31 | ₹7.50 | ₹170.65 | x |
| 2015-03-31 | ₹8.06 | ₹170.65 | x |
| 2016-03-31 | ₹9.25 | ₹170.65 | x |
| 2017-03-31 | ₹11.08 | ₹170.65 | x |
| 2018-03-31 | ₹12.64 | ₹170.65 | x |
| 2019-03-31 | ₹14.90 | ₹170.65 | x |
| 2020-03-31 | ₹13.27 | ₹170.65 | x |
| 2021-03-31 | ₹13.39 | ₹170.65 | x |
| 2022-03-31 | ₹12.43 | ₹170.65 | x |
| 2023-03-31 | ₹14.55 | ₹170.65 | x |
| 2024-03-31 | ₹15.31 | ₹170.65 | x |
| 2025-03-31 | ₹20.79 | ₹170.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ashok Leyland Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.40%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 6.68x
- Recent ROE (25.40%) is above the historical average (14.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 23.24% | 5.64% | 1.42x | 2.90x | ₹1.55 Billion |
| 2006 | 23.17% | 5.41% | 1.64x | 2.61x | ₹1.86 Billion |
| 2007 | 23.29% | 5.31% | 1.85x | 2.37x | ₹2.52 Billion |
| 2008 | 21.84% | 6.06% | 1.39x | 2.59x | ₹2.54 Billion |
| 2009 | 5.47% | 2.85% | 0.85x | 2.26x | ₹-1.57 Billion |
| 2010 | 11.55% | 5.85% | 0.78x | 2.53x | ₹567.99 Million |
| 2011 | 15.93% | 5.65% | 1.06x | 2.67x | ₹2.35 Billion |
| 2012 | 13.44% | 4.46% | 1.07x | 2.83x | ₹1.45 Billion |
| 2013 | 9.74% | 3.55% | 0.93x | 2.94x | ₹-118.04 Million |
| 2014 | -4.11% | -1.45% | 0.65x | 4.40x | ₹-5.63 Billion |
| 2015 | 2.97% | 0.88% | 0.78x | 4.33x | ₹-3.17 Billion |
| 2016 | 12.96% | 3.27% | 0.94x | 4.22x | ₹1.56 Billion |
| 2017 | 24.86% | 7.07% | 0.84x | 4.17x | ₹9.50 Billion |
| 2018 | 23.72% | 6.02% | 0.87x | 4.52x | ₹10.18 Billion |
| 2019 | 23.77% | 6.35% | 0.84x | 4.47x | ₹12.04 Billion |
| 2020 | 4.32% | 1.55% | 0.57x | 4.90x | ₹-4.42 Billion |
| 2021 | -2.10% | -0.85% | 0.46x | 5.35x | ₹-9.51 Billion |
| 2022 | -4.91% | -1.37% | 0.60x | 5.97x | ₹-10.89 Billion |
| 2023 | 14.48% | 2.99% | 0.76x | 6.40x | ₹3.84 Billion |
| 2024 | 27.58% | 5.45% | 0.67x | 7.51x | ₹15.83 Billion |
| 2025 | 25.40% | 6.40% | 0.59x | 6.68x | ₹18.84 Billion |
Industry Comparison
This section compares Ashok Leyland Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $-1,555,459,630
- Average return on equity (ROE) among peers: -0.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ashok Leyland Limited (ASHOKLEY) | ₹166.26 Billion | 23.24% | 4.13x | $6.67 Billion |
| Action Construction Equipment Limited (ACE) | $1.59 Billion | 13.99% | 0.80x | $374.26 Million |
| AJAXENGG (AJAXENGG) | $7.14 Billion | 19.04% | 0.35x | $182.43 Million |
| BAJAJINDEF (BAJAJINDEF) | $-432.00K | 0.00% | 0.00x | $29.00 Million |
| Debock Industries Limited (DIL) | $4.44 Million | 5.54% | 23.39x | $1.82 Million |
| Eimco Elecon (India) Limited (EIMCOELECO) | $898.34 Million | 9.17% | 0.80x | $47.94 Million |
| Escorts Kubota Limited (ESCORTS) | $5.61 Billion | -58.19% | 2.89x | $1.09 Billion |
| HMT Limited (HMT) | $-32.84 Billion | 0.00% | 0.00x | $54.41 Million |
| INDOFARM (INDOFARM) | $3.17 Billion | 4.86% | 1.04x | $19.20 Million |
| Mahindra EPC Irrigation Limited (MAHEPC) | $430.08 Million | 2.21% | 1.09x | $15.66 Million |