Ashok Leyland shares down 3.67% as Nifty drops

The stock opened at Rs 121.65 and touched an intraday high and low of Rs 122.3 and Rs 113.55, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 138.85 and a 52-week low of Rs 46.6.

As per BSE, the total market cap of the Ashok Leyland Ltd. stood at Rs 34008.08 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 6000.28 crore for the quarter ended 31-Dec-2020, up 54.74 per cent from previous quarter’s Rs 3877.62 crore and up 15.2 per cent from the year-ago quarter’s Rs 5208.53 crore.

The net profit for latest quarter stood at Rs 14.24 crore, down 46.85 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2021, DIIs held 9.68 per cent stake in the firm, while foreign institutional investors held 17.93 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of -68.05 and a price-to-book ratio of 1.62. 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.