Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 38249.92 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 4103.27 Crore, down -49.82 % from last quarter Total Income of Rs 8176.73 Crore and up 171.44 % from last year same quarter Total Income of Rs 1511.69 Crore. Company reported net profit after tax of Rs -250.78 Crore in latest quarter.
Investment Rationale
Valuations at 24.3x/10.9x FY22E/FY23E EV/EBITDA are at an early recovery cycle. This does not fully reflect AL’s focus on adding new revenue streams and profit pools. The brokerage maintains Buy rating with a TP of INR155/share (12x FY23E EV/EBITDA).
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of June 30, 2021, while FIIs held 17.7 per cent, DIIs 18.1 per cent and public and others 13.1 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
