Case study

ASHOKLEY

Ashok Leyland

Screens attractive1y model +9.0%

Each stock's 10,000-path forecast, rendered as light.

0Score

Ashok Leyland (ASHOKLEY) Stock Analysis & Case Study

Is ASHOKLEY a good buy? The data-driven verdict.

Ashok Leyland (ASHOKLEY) trades at ₹157,on the numbers it screens attractive, a Downstox Snapshot Score of 76/100.

On the numbers, Ashok Leyland (ASHOKLEY) screens attractive, a Downstox Snapshot Score of 76/100, weighing fairly valued at 24.8× earnings, ROE of 28.1%, a 61% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

ASHOKLEY fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹92,308 Cr
Current price
₹157
P/E ratio
24.8×
P/B ratio
6.49×
Book value
₹24
Dividend yield
2.23%
ROCE
13.8%
ROE
28.1%
Piotroski F-Score
4/9

Is ASHOKLEY overvalued? ASHOKLEY P/E vs its Auto

ASHOKLEY's P/E of 24.8× sits below the Auto peer median of 26.4×, so on earnings it screens in line with peers, while its 2.23% dividend yield is above the peer median of 1.08%.

ASHOKLEY P/E
24.8×
Peer median P/E
26.4×
ASHOKLEY div yield
2.23%
Peer median yield
1.08%

ASHOKLEY share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of ASHOKLEY history (14%/yr drift, 33%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
ASHOKLEY 2027₹113₹171₹259+9%
ASHOKLEY 2028₹103₹186₹336+19%
ASHOKLEY 2029₹98₹202₹426+28%
ASHOKLEY 2030₹95₹220₹516+40%
ASHOKLEY 2031₹94₹237₹632+51%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability ASHOKLEY goes up, or doubles?

61%
Higher in 1 year
Modelled chance the price is above today in 12 months
72%
Higher in 5 years
Modelled chance the price is above today in 5 years
36%
Doubles in 5 years
Modelled chance of reaching ₹314 within 5 years

The bull case for ASHOKLEY

  • A 24.8× P/E sits in the fair-value band, neither cheap nor stretched.
  • High return on equity (28.1%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Pays a 2.2% dividend yield, so you're partly paid to wait.
  • A 10,000-path probability model puts a 61% chance the price is higher in a year, with a median target of ₹171 (+9%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹426.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹98.

ASHOKLEY volatility & expected range, how bumpy is the ride?

Over the last 2.0 years ASHOKLEY compounded at 14%/year with annualized volatility of 33%. That volatility implies a 1-year 80% range of ₹113₹259, the honest backbone behind any single price target.

ASHOKLEY price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
9.0%
80% range₹113–₹259
P(price ↑)61%
P(price 2×)3%
3-Year Forecast
2029
₹0
Median (P50)
28.4%
80% range₹98–₹426
P(price ↑)67%
P(price 2×)23%
5-Year Forecast
2031
₹0
Median (P50)
51.0%
80% range₹94–₹632
P(price ↑)72%
P(price 2×)36%

ASHOKLEY price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
ASHOKLEY simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds ASHOKLEY hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the ASHOKLEY price target & forecast page.

ASHOKLEY Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. ASHOKLEY scores 4/9,mixed financial health.

ASHOKLEY MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy ASHOKLEY with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox32.4%3.1×
Zerodha27.6%3.6×
DhanCHEAPEST25.4%3.9×

Compare every broker on the ASHOKLEY MTF page.

ASHOKLEY vs peers,Auto comparison

StockP/EDiv yieldMarket cap
ASHOKLEY (this stock)24.8×2.23%₹92,308 Cr
MARUTI28.8×1.04%₹4.22L Cr
EICHERMOT37.6×0.92%₹2.09L Cr
HEROMOTOCO17.1×3.71%₹99,728 Cr
M&M21.5×1.08%₹3.81L Cr
BAJAJ-AUTO26.4×1.47%₹2.85L Cr
TVSMOTOR54.4×0.34%₹1.66L Cr

About Ashok Leyland: sector, index & market-cap context

Ashok Leyland (ASHOKLEY) is a mid-cap NSE-listed company in the Auto sector, and a constituent of the Nifty 100 index group, with a market capitalisation of ₹92,308 Cr. See more Nifty 100 stocks.

How the ASHOKLEY Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Ashok Leyland's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

ASHOKLEY analysis, FAQs

Is Ashok Leyland (ASHOKLEY) a good buy?

On the numbers, Ashok Leyland (ASHOKLEY) screens attractive, a Downstox Snapshot Score of 76/100, weighing fairly valued at 24.8× earnings, ROE of 28.1%, a 61% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is ASHOKLEY overvalued or undervalued?

ASHOKLEY trades at 24.8× earnings versus a peer median of 26.4×, so it screens cheaper than its Auto peers.

What is the ASHOKLEY share price target for 2031?

ASHOKLEY's probability-weighted 2031 median target is ₹237, with an 80% range of ₹94₹632 (10,000-path Monte-Carlo).

What is the probability ASHOKLEY doubles in 5 years?

The modelled probability of ASHOKLEY reaching ₹314 (2×) within 5 years is 36%.

What is the bull case for ASHOKLEY?

A 24.8× P/E sits in the fair-value band, neither cheap nor stretched. High return on equity (28.1%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Pays a 2.2% dividend yield, so you're partly paid to wait.

What are the risks in ASHOKLEY?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on ASHOKLEY