Ashok Leyland Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030), Ashok Leyland Ltd Fundamentals, Businesses and more
If you are searching for best Ashok Leyland Share Price Target, than you are at the right place.
In this blog, we are going to talk about Ashok Leyland Ltd Share in which we will do detail analysis of the businesses of this company. Along with this we will look at its fundamentals, financial and after that we will talk about Ashok Leyland Share Price Target.
Hey friends, As we know Ashok Leyland works to make commercial vehicles and it is also a big name in this sector. And it has also shown very good growth, seeing which investors are speculating that it can give very good returns in future. So let’s do the detail analysis of Ashok Leyland share, let’s get started.
About Ashok Leyland Ltd
Ashok Leyland is an automotive manufacturing company of India that specializes in the production of commercial vehicles. It is the second-largest commercial vehicle manufacturer who offers offers a wide range of products such as trucks, buses, and light commercial vehicles.
The company has a strong presence in the domestic market and is also expanding its Businesses globally. Ashok Leyland is known for its innovative designs, reliable performance, and commitment to sustainability. With a long and impressive history that stretches over many decades, Ashok Leyland continues to be a key player in the commercial vehicle industry in India and beyond.
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Ashok Leyland Fundamentals
| Market Cap | ₹44,923 Cr |
| P/E ratio | 36.17 |
| ROE | 15.65% |
| EPS | 4.23 |
| Book Value | 29.13 |
| Dividend Yield | 1.70% |
| Debt | ₹31,161 Cr |
| Debt To Equity | 3.64 |
Ashok Leyland Financial Trends
If we talk about the Revenue and Profit of Ashok Leyland Company then –
Its revenue in 2019 has been ₹ 33,197 Cr and profit is ₹ 2,079 Cr. There was a revenue of ₹ 21,951 Cr in 2020 and a profit of ₹ 337 Cr. In the same 2021, there was a profit of ₹ -165 crore with a revenue of ₹ 19,454 Cr. And this year i.e. in 2022 there has been a profit of ₹ -359 Cr with a revenue of ₹ 26,237 Cr.
Ashok Leyland Share Price Target Table
| Year | First Target | Second Target |
|---|---|---|
| Ashok Leyland Share Price Target 2023 | ₹160 | ₹165 |
| Ashok Leyland Share Price Target 2024 | ₹190 | ₹200 |
| Ashok Leyland Share Price Target 2025 | ₹230 | ₹240 |
| Ashok Leyland Share Price Target 2026 | ₹270 | ₹290 |
| Ashok Leyland Share Price Target 2027 | ₹350 | ₹380 |
| Ashok Leyland Share Price Target 2028 | ₹460 | ₹510 |
| Ashok Leyland Share Price Target 2029 | ₹590 | ₹640 |
| Ashok Leyland Share Price Target 2030 | ₹780 | ₹860 |
Ashok Leyland Share Price Target 2023
This stock has been giving better returns than bank returns. Ashok Leyland has given 16.4% returns in last one year and 6.6% returns in last 6 months. And it is being estimated that Ashok Leyland’s share price target will be INR 160 in 2023 and the second target will be INR 165. This stock is very good and is slowly performing very well in its segment.
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Ashok Leyland Share Price Target 2024
If we look at its fundamentals, it has a P/E ratio of 36, which is considered very high. But it’s ROE is 15.65% which is considered good but the EPS is 4.23 which is not considered good according to its price. So, the fundamentals of the stock are not so good, which need improvement.
Taking these into account, Ashok Leyland Share Price Target for 2024 can be INR 190 and second target can be INR 200. So, if you want to invest in it then let its fundamentals improve a bit and only then you can think to invest.
Ashok Leyland Share Price Target 2025
There has also been a significant decline in the financial trends of the company. In 2019, its profit was 2079 crores, now it is losing for a few years. The company was in loss of -165 crores in 2021 and a loss of -359 crores in 2022. Along with this, the company has seen huge decline in its revenue and net worth too. Keeping this in mind, we can conclude that Ashok Leyland Share Price Target for 2025 can be INR 230 and second target can be INR 240.
Ashok Leyland Share Price Target 2030
Future plans of the company became very important in long term investment. And the company is also expanding its business very fast, which is a good thing. There is also a lot of debt on this company, which is not considered right. If the company reduces the debt, then it is possible that in the future we will see good growth in its share price. Considering these, Ashok Leyland Share Price Target for 2030 can be INR 780 and second target can be INR 860.
For more details about the share of Ashok Leyland, you can watch this video –
Conclusion
This sector is growing rapidly, which means companies which is related to this sector have good potential for future profits. If you’re thinking of investing in Ashok Leyland shares, keep in mind that the company’s financials so bad right now, and it is continuously deteriorating every years.
So, it’s better to consider this investment for the long term instead of expecting quick profit. But before investing at any price, make sure to analyze the stocks yourself or consult a financial advisor befor making any investment decisions.
FAQs
Is Ashok Leyland Debt free company?
No, the company “Future Retail” has a huge debt of ₹31,161 crore and its debt to equity ratio is 3.64.
When is it right to invest in Ashok Leyland share?
Whenever you get undervalued shares of Ashok Leyland or if there is a slight decline in the stock, then you can invest in it. Or you can invest small amount every month in this stock.
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DISCLAIMER – Stock Market Investment are subject to market risks, read all scheme related documents carefully before investing.
