Ashok Leyland: Best Stock For Long Term Investors, It will give multifold return in long term.
Strategy: Buy on dips and add in sip
Ashok Leyland is Chennai based automobile manufacturer large cap company. Total market cap of Ashok Leyland is 21,329.85 crs. Ashok Leyland manufactures commercial vehicles, buses, trucks, engines, and spare parts for industrial and marine applications. Ashok Leyland is second largest manufacturer in India for commercial vehicles, 4th largest manufacturer for buses in world, and having 16th rank for truck manufacture in the world.
It is listed in NSE and BSE, In NSE it is listed under CNXAUTO. NSE code for Ashok Leyland is ASHOKLEY and BSE code is 500477.
Shareholding Pattern For Ashok Leyland:
31st Dec, 14 30th Sep, 14
Promoter & Promoter GroupL 38.82% 38.82%
Indian 0 0
Foreign Promoters: 38.82% 38.82%
Institutions: 32.83% 34.70%
Non Institutions: 15.97% 14.1%
ADR’S/GDR’S/Others: 12.38% 12.38%
Total: 100% 100%
Top Public Shareholders Of Ashok Leyland:
1. Life Insurance Corporation of India 226,430,976 7.96%
2. General Insurance Corporation of India 29,900,000 1.05%
3. Kuwait Investment Authority - Fund No 208 37,081,236 1.3%
4. Amansa Capital Pte Ltd A/C Amansa 53,542,315 1.88%
Holdings Pvt Ltd
5. JP Morgan Sicav Investment Company 45,706,522 1.61%
(Mauritius) Ltd
6. JP Morgans India Fund 32,895,652 1.16%
Total Shares 425,556,701 14.95%
Competitor Companies:
Name CMP Market Cap Sales Net Profit Assets
Tata Motors 550.9 177,316.27 34,288.11 334.52 33,692.18
Eicher Motors 16,053.85 43,517.63 3,031.22 558.92 1,233.66
Ashok Leyland 75.05 21,358.30 9,943.43 29.38 8,331.80
Tata Motors (D) 339.65 10,898.63 - - -
SML Isuzu 1,147.90 1,661.20 881.27 17.40 276.41
ASHOK LEYLAND RESULTS:
Standalone Quarterly Results
|
------------------- in Rs. Cr. -------------------
|
Dec '14
|
Sep '14
|
Jun '14
|
Mar '14
|
Dec '13
| ||||||
Net Sales/Income from operations
|
3,290.62
|
3,150.37
|
2,434.62
|
3,020.96
|
1,903.28
| |||||
Other Operating Income
|
70.37
|
67.31
|
43.18
|
55.82
|
49.93
| |||||
Total Income From Operations
|
3,361.00
|
3,217.68
|
2,477.80
|
3,076.78
|
1,953.21
| |||||
EXPENDITURE
| ||||||||||
Consumption of Raw Materials
|
2,036.42
|
2,057.42
|
1,714.84
|
1,857.50
|
1,055.65
| |||||
Purchase of Traded Goods
|
266.22
|
400.00
|
273.14
|
304.70
|
370.24
| |||||
Increase/Decrease in Stocks
|
200.54
|
-89.23
|
-172.09
|
154.16
|
130.94
| |||||
Power & Fuel
|
--
|
--
|
--
|
--
|
--
| |||||
Employees Cost
|
277.04
|
291.50
|
283.14
|
247.29
|
239.62
| |||||
Depreciation
|
99.86
|
103.08
|
103.32
|
103.45
|
88.33
| |||||
Excise Duty
|
--
|
--
|
--
|
--
|
--
| |||||
Admin. And Selling Expenses
|
--
|
--
|
--
|
--
|
--
| |||||
R & D Expenses
|
--
|
--
|
--
|
--
|
--
| |||||
Provisions And Contingencies
|
--
|
--
|
--
|
--
|
--
| |||||
Exp. Capitalised
|
--
|
--
|
--
|
--
|
--
| |||||
Other Expenses
|
342.63
|
323.59
|
262.70
|
329.19
|
253.67
| |||||
P/L Before Other Inc. , Int., Excpt. Items & Tax
|
138.29
|
131.31
|
12.77
|
80.49
|
-185.24
| |||||
Other Income
|
19.32
|
25.70
|
23.12
|
15.74
|
15.41
| |||||
P/L Before Int., Excpt. Items & Tax
|
157.61
|
157.01
|
35.89
|
96.23
|
-169.83
| |||||
Interest
|
98.22
|
100.75
|
106.34
|
112.57
|
115.26
| |||||
P/L Before Exceptional Items & Tax
|
59.39
|
56.26
|
-70.45
|
-16.34
|
-285.09
| |||||
Exceptional Items
|
--
|
108.97
|
--
|
376.09
|
92.32
| |||||
P/L Before Tax
|
59.39
|
165.24
|
-70.45
|
359.75
|
-192.77
| |||||
Tax
|
27.30
|
44.55
|
-22.50
|
-3.64
|
-25.56
| |||||
P/L After Tax from Ordinary Activities
|
32.09
|
120.69
|
-47.95
|
363.39
|
-167.21
| |||||
Prior Year Adjustments
|
--
|
--
|
--
|
--
|
--
| |||||
Extra Ordinary Items
|
--
|
--
|
--
|
--
|
--
| |||||
Net Profit/(Loss) For the Period
|
32.09
|
120.69
|
-47.95
|
363.39
|
-167.21
| |||||
Equity Share Capital
|
284.59
|
284.59
|
266.07
|
266.07
|
266.07
| |||||
Reserves Excluding Revaluation Reserves
|
--
|
--
|
--
|
--
|
--
| |||||
Equity Dividend Rate (%)
|
--
|
--
|
--
|
--
|
--
| |||||
EPS Before Extra Ordinary
| ||||||||||
Basic EPS
|
0.11
|
0.42
|
-0.18
|
1.37
|
-0.63
| |||||
Diluted EPS
|
0.11
|
0.42
|
-0.18
|
1.37
|
-0.63
| |||||
EPS After Extra Ordinary
| ||||||||||
Basic EPS
|
0.11
|
0.42
|
-0.18
|
1.37
|
-0.63
| |||||
Diluted EPS
|
0.11
|
0.42
|
-0.18
|
1.37
|
-0.63
| |||||
Public Share Holding
| ||||||||||
No Of Shares (Crores)
|
141.20
|
141.20
|
122.68
|
122.68
|
124.35
| |||||
Share Holding (%)
|
49.62
|
49.62
|
46.11
|
46.11
|
46.73
| |||||
Promoters and Promoter Group Shareholding
| ||||||||||
a) Pledged/Encumbered
| ||||||||||
- Number of shares (Crores)
|
47.41
|
47.41
|
47.41
|
47.41
|
47.41
| |||||
- Per. of shares (as a % of the total sh. of prom. and promoter group)
|
33.07
|
33.07
|
33.07
|
33.07
|
33.45
| |||||
- Per. of shares (as a % of the total Share Cap. of the company)
|
16.66
|
16.66
|
17.82
|
17.82
|
17.82
| |||||
b) Non-encumbered
| ||||||||||
- Number of shares (Crores)
|
95.97
|
95.97
|
95.97
|
95.97
|
94.31
| |||||
- Per. of shares (as a % of the total sh. of prom. and promoter group)
|
66.93
|
66.93
|
66.93
|
66.93
|
66.55
| |||||
- Per. of shares (as a % of the total Share Cap. of the company)
|
33.72
|
33.72
|
36.07
|
36.07
|
35.45
| |||||
Notes
|
|201412
|
10510001_002014092.txt|201409
|
|201406
|
|201403
|
|201312
| |||||
Standalone Nine Months Results------------------- in Rs. Cr. -------------------
| ||||||
Dec '14
|
Dec '13
|
Dec '12
|
Dec '11
|
Dec '10
| ||
Net Sales/Income from operations
|
8,875.61
|
6,714.78
|
8,485.92
|
8,469.87
|
7,289.18
| |
Other Operating Income
|
180.87
|
151.87
|
197.98
|
--
|
--
| |
Total Income From Operations
|
9,056.48
|
6,866.65
|
8,683.90
|
8,469.87
|
7,289.18
| |
EXPENDITURE
| ||||||
Consumption of Raw Materials
|
5,808.68
|
4,052.20
|
5,576.09
|
6,056.63
|
5,507.37
| |
Purchase of Traded Goods
|
939.36
|
964.33
|
864.73
|
324.09
|
208.99
| |
Increase/Decrease in Stocks
|
-60.77
|
269.71
|
-142.21
|
-178.12
|
-355.49
| |
Power & Fuel
|
--
|
--
|
--
|
--
|
--
| |
Employees Cost
|
851.67
|
752.38
|
793.37
|
773.57
|
657.91
| |
Depreciation
|
306.26
|
273.59
|
280.78
|
257.22
|
190.22
| |
Excise Duty
|
--
|
--
|
--
|
--
|
--
| |
Admin. And Selling Expenses
|
--
|
--
|
--
|
--
|
--
| |
R & D Expenses
|
--
|
--
|
--
|
--
|
--
| |
Provisions And Contingencies
|
--
|
--
|
--
|
--
|
--
| |
Exp. Capitalised
|
--
|
--
|
--
|
--
|
--
| |
Other Expenses
|
928.92
|
845.41
|
914.82
|
707.55
|
562.71
| |
P/L Before Other Inc. , Int., Excpt. Items & Tax
|
282.37
|
-290.97
|
396.33
|
528.93
|
517.47
| |
Other Income
|
68.14
|
50.78
|
50.83
|
17.68
|
11.22
| |
P/L Before Int., Excpt. Items & Tax
|
350.51
|
-240.18
|
447.16
|
546.6
|
528.69
| |
Interest
|
305.3
|
340.35
|
294.12
|
171.06
|
118.58
| |
P/L Before Exceptional Items & Tax
|
45.21
|
-580.54
|
153.04
|
375.55
|
410.1
| |
Exceptional Items
|
108.97
|
129.56
|
156.26
|
--
|
--
| |
P/L Before Tax
|
154.18
|
-450.97
|
309.29
|
375.55
|
410.1
| |
Tax
|
49.35
|
-116.96
|
25.62
|
68.31
|
77.03
| |
P/L After Tax from Ordinary Activities
|
104.83
|
-334.01
|
283.67
|
307.24
|
333.07
| |
Prior Year Adjustments
|
--
|
--
|
--
|
--
|
--
| |
Extra Ordinary Items
|
--
|
--
|
--
|
--
|
--
| |
Net Profit/(Loss) For the Period
|
104.83
|
-334.01
|
283.67
|
307.24
|
333.07
| |
Equity Share Capital
|
284.59
|
266.07
|
266.07
|
266.07
|
133.03
| |
Reserves Excluding Revaluation Reserves
|
--
|
--
|
--
|
--
|
--
| |
Equity Dividend Rate (%)
|
--
|
--
|
--
|
--
|
--
| |
EPS Before Extra Ordinary
| ||||||
Basic EPS
|
0.38
|
-1.26
|
1.07
|
1.15
|
1.25
| |
Diluted EPS
|
0.38
|
-1.26
|
1.07
|
1.15
|
1.25
| |
EPS After Extra Ordinary
| ||||||
Basic EPS
|
0.38
|
-1.26
|
1.07
|
1.15
|
1.25
| |
Diluted EPS
|
0.38
|
-1.26
|
1.07
|
1.15
|
1.25
| |
Public Share Holding
| ||||||
No Of Shares (Crores)
|
141.2
|
124.35
|
130.42
|
130.42
|
65.21
| |
Share Holding (%)
|
49.62
|
46.73
|
49.02
|
49.02
|
49.02
| |
Promoters and Promoter Group Shareholding
| ||||||
a) Pledged/Encumbered
| ||||||
- Number of shares (Crores)
|
47.41
|
47.41
|
23.71
|
23.71
|
23.71
| |
- Per. of shares (as a % of the total sh. of prom. and promoter group)
|
33.07
|
33.45
|
17.48
|
17.48
|
34.95
| |
- Per. of shares (as a % of the total Share Cap. of the company)
|
16.66
|
17.82
|
8.91
|
8.91
|
17.82
| |
b) Non-encumbered
| ||||||
- Number of shares (Crores)
|
95.97
|
94.31
|
111.94
|
111.94
|
44.12
| |
- Per. of shares (as a % of the total sh. of prom. and promoter group)
|
66.93
|
66.55
|
82.52
|
82.52
|
65.05
| |
- Per. of shares (as a % of the total Share Cap. of the company)
|
33.72
|
33.45
|
42.07
|
42.07
|
33.16
| |
Notes
|
|201412
|
|201312
|
|201212
|
|201112
|
|201012
| |
