Detail about Ashok Leyland 

 Ashok Leyland, flagship of the Hinduja group, is the second largest manufacturer of marketable vehicles in India, the third largest manufacturer of motorcars in the world, and the tenth largest manufacturer of exchanges. It launched India’s first electric machine and Euro 6 biddable truck in 2016. With the largest line of logistics vehicles stationed in the Indian Army and significant hookups with fortified forces across the globe, the company helps keep borders secure. It has ISO/ TS 16949 Commercial instrument and is also the first CV manufacturer in India to admit the OBD- II( onboard individual) instrument for BS IV- biddable marketable vehicle machines, SCR( picky catalytic reduction), iEGR( intelligent exhaust gas recirculation) and CNG technologies. 

 It's the first truck and machine manufacturer outside of Japan to win the Deming prize for its Pantnagar factory in 2016 and the Hosur Unit II was awarded the Deming Prize in 2017. Driven by innovative products suitable for a wide range of operations and an excellent understanding of the guests and original request conditions, the company has been at the fore- front of the marketable vehicle assiduity for decades. The company’s wide-spread client base is served through an each- India deals and service network. With technology-enabled client engagement processes and knowledge of the specific operations of the product range, its deals platoon is well equipped to fulfill clients’ requirements. 

 The business area of the company 

 The company is engaged in the manufacturing of marketable vehicles and affiliated factors. The company has a product range from 1T GVW( Gross Vehicle Weight) to 55T GTW( Gross Trailer Weight) in exchanges, 9 to 80 seater motorcars, vehicles for defense and special operations, and diesel machines for artificial, Genset, and marine operations. 

Brands

These are the brands of Ashok Leyland.

 Product 

•  exchanges 
•  Motorcars 
•  Light Vehicles 
•  Power results 
•  Defence 

Peers

Strengths

• Company’s PEG ratio is 0.19.
• The company has an efficient Cash Conversion Cycle of -47.05 days.
• The company has good cash flow management; CFO/PAT stands at 2.13.
• The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.06.

Limitations

• The company has shown a poor profit growth of -35.11% for the past 3 years.
• The company has shown poor revenue growth of -9.29% for the past 3 years.
• Company has a poor ROE of 2.09% over the past 3 years.
• Company has a poor ROCE of 3.84% over the past 3 years
• Tax rate is low at -2.70.
• The company is trading at a high PE of 51.
• The company is trading at a high EV/EBITDA of 31.91.