ASHOKLEY
Ashok Leyland Limited
Each stock's 10,000-path forecast, rendered as light.
Ashok Leyland Limited (ASHOKLEY) Stock Analysis & Case Study
Is ASHOKLEY a good buy? The data-driven verdict.
Ashok Leyland Limited (ASHOKLEY) trades at ₹178,on the numbers it mixed signals, a Downstox Snapshot Score of 54/100.
On the numbers, Ashok Leyland Limited (ASHOKLEY) mixed signals, a Downstox Snapshot Score of 54/100, weighing premium at 28.7× earnings, ROE of 27.4%, a 57% 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 2027-2031.
Last updated . Data snapshot for research, not investment advice.
ASHOKLEY fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How ASHOKLEY ranks against the 2,373 companies in our screener
- ASHOKLEY's market cap of 1.04L Cr ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ASHOKLEY's book value of ₹24 ranks in the 21st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ASHOKLEY's promoter holding of 51.5% ranks in the 34th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ASHOKLEY's 3-year profit (PAT) growth of 45.0% ranks in the 81st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ASHOKLEY's 3-year revenue growth of 5.0% ranks in the 35th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ASHOKLEY's debt-to-equity ratio of 4.49x is lower than 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is ASHOKLEY overvalued? ASHOKLEY P/E vs its Auto
ASHOKLEY's P/E of 28.7× sits above the Auto peer median of 28.7×, so on earnings it screens in line with peers, while its 1.97% dividend yield is above the peer median of 1.02%.
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 9.8y of ASHOKLEY history (14%/yr drift, 33%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| ASHOKLEY 2027 | ₹123 | ₹187 | ₹285 | +6% |
| ASHOKLEY 2028 | ₹108 | ₹198 | ₹361 | +11% |
| ASHOKLEY 2029 | ₹100 | ₹209 | ₹437 | +18% |
| ASHOKLEY 2030 | ₹95 | ₹221 | ₹511 | +24% |
| ASHOKLEY 2031 | ₹91 | ₹233 | ₹596 | +31% |
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?
The bull case for ASHOKLEY
- ASHOKLEY's return on equity of 27.4% ranks in the 92nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹437.
The bear case & risks
- ASHOKLEY's P/E of 28.7x is lower than 48% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹100.
ASHOKLEY volatility & expected range, how bumpy is the ride?
Over the last 9.8 years ASHOKLEY compounded at 14%/year with annualized volatility of 33%. That volatility implies a 1-year 80% range of ₹123-₹285, the honest backbone behind any single price target.
ASHOKLEY price forecast, the full 60-month probability fan
ASHOKLEY price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds ASHOKLEY hits common targets within the simulated horizon?
Full multi-horizon detail on the ASHOKLEY price target & forecast page.
ASHOKLEY Piotroski F-Score: 5/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. ASHOKLEY scores 5/8, mixed financial health.
ASHOKLEY MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy ASHOKLEY with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 28.76% | 3.5× |
| Zerodha | 27.50% | 3.6× |
| Groww | 27.50% | 3.6× |
| Dhan | 25.22% | 4.0× |
| Kotak NeoCHEAPEST | 25.19% | 4.0× |
| Paytm Money | 25.31% | 4.0× |
| Pocketful | 32.32% | 3.1× |
| Anand Rathi | 32.22% | 3.1× |
| Bajaj Broking | 26.00% | 3.8× |
| Share India | 32.31% | 3.1× |
Compare every broker on the ASHOKLEY MTF page.
ASHOKLEY vs peers,Auto comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| ASHOKLEY (this stock) | 28.7× | 1.97% | ₹1.04L Cr |
| MARUTI | 30.8× | 1.00% | ₹4.41L Cr |
| EICHERMOT | 37.8× | 1.02% | ₹2.20L Cr |
| HEROMOTOCO | 20.7× | 3.23% | ₹1.15L Cr |
| M&M | 22.7× | 0.94% | ₹4.35L Cr |
| BAJAJ-AUTO | 27.2× | 1.29% | ₹3.20L Cr |
| TVSMOTOR | 61.0× | 0.27% | ₹2.11L Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About Ashok Leyland Limited: sector, index & market-cap context
Ashok Leyland Limited (ASHOKLEY) is a large-cap NSE-listed company in the Auto sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.04L Cr. See more stocks on our screener.
How the ASHOKLEY Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Ashok Leyland Limited'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 Limited (ASHOKLEY) a good buy?
On the numbers, Ashok Leyland Limited (ASHOKLEY) mixed signals, a Downstox Snapshot Score of 54/100, weighing premium at 28.7× earnings, ROE of 27.4%, a 57% 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 28.7× earnings versus a peer median of 28.7×, so it screens richer than its Auto peers.
What is the ASHOKLEY share price target for 2031?
ASHOKLEY's probability-weighted 2031 median target is ₹233, with an 80% range of ₹91-₹596 (10,000-path Monte-Carlo).
What is the probability ASHOKLEY doubles in 5 years?
The modelled probability of ASHOKLEY reaching ₹355 (2×) within 5 years is 28%.
What is the bull case for ASHOKLEY?
ASHOKLEY's return on equity of 27.4% ranks in the 92nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in ASHOKLEY?
ASHOKLEY's P/E of 28.7x is lower than 48% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.