Ashok Leyland Share Price Target : 2023 to 2030

Share of Ashok Leyland is currently trading at around Rs.144/- Existing as well as prospective investors are asking for the Ashok Leyland share price target from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of Ashok Leyland and based on our discussion and analysis will tell you the Ashok Leyland Share Price Target from 2023 to 2030.  

Following are the frequently asked questions by the existing as well as prospective investors, about the Ashok Leyland :

• Is Ashok Leyland a good company to invest?
• What will be the share price of Ashok Leyland in 2025?
• What is the buy Ashok Leyland share price?
• What is the future target of Ashok Leyland?
• What is the future of Ashok Leyland stock?

Discussion & Analysis of Business & Financial performance of Ashok Leyland :

Ashok Leyland Limited is a leading manufacturer of commercial vehicles and buses in India. The company has a significant presence in the domestic market and is also expanding its operations in the international market. Ashok Leyland’s business and financial performance has been quite impressive in recent years.

Business Performance: Ashok Leyland reported a strong growth in its revenue during the financial year 2021-22. The company’s revenue increased by 41% to INR 25,240 crores as compared to INR 17,897 crores in the previous year. This growth was driven by an increase in the demand for commercial vehicles in the domestic market, especially in the medium and heavy commercial vehicle segments. The company’s market share in the domestic medium and heavy commercial vehicle segment increased to 33.7% during the year.

Ashok Leyland has also been focusing on expanding its presence in the international market. The company’s international revenue increased by 29% to INR 2,347 crores during the year. The company has been exporting its commercial vehicles to several countries in the Middle East, Africa, and South East Asia.

Financial Performance: Ashok Leyland’s financial performance has been quite strong in recent years. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 144% to INR 3,385 crores during the year. The company’s EBITDA margin also improved significantly from 9.7% in the previous year to 13.4% in the current year.

Ashok Leyland’s net profit increased by 73% to INR 1,548 crores during the year. The company’s Return on Equity (ROE) also improved significantly from 9.9% in the previous year to 18.1% in the current year.

The company’s debt-to-equity ratio improved from 1.02 in the previous year to 0.75 in the current year. This indicates that the company has been able to manage its debt levels efficiently. The company’s interest coverage ratio also improved from 3.2 in the previous year to 5.3 in the current year.

Ashok Leyland’s cash and cash equivalents increased from INR 2,102 crores in the previous year to INR 3,206 crores in the current year. This indicates that the company has a strong liquidity position.

Conclusion: Ashok Leyland’s business and financial performance has been quite impressive in recent years. The company’s revenue and profitability have grown significantly, driven by an increase in the demand for commercial vehicles in the domestic market. The company’s expansion in the international market has also been quite successful. The company’s debt levels have improved, and the company has a strong liquidity position. Overall, Ashok Leyland is well-positioned to continue its growth trajectory in the coming years

Ashok Leyland Share Price Target 2023

Based on the above discussion and analysis, the share price of Ashok Leyland  may touch the level of around Rs.160-180 in 2023.

Ashok Leyland  Share Price Target 2024

Based on the above discussion and analysis, the share price of Ashok Leyland   is likely to touch the level of around Rs.200-220 in 2024

 Ashok Leyland  Share Price Target 2025

Based on the above discussion and analysis, the share price of  Ashok Leyland   is likely to remain in the range of Rs.240-260 in 2025.

Ashok Leyland  Share Price Target 2026

Based on the above discussion and analysis, the share price of  Ashok Leyland   may touch the level of around Rs.280-300 in 2026.

Ashok Leyland  Share Price Target 2027

Based on the above discussion and analysis, the share price of Ashok Leyland   is likely to touch the level of around Rs.320-340 in 2027

Ashok Leyland  Share Price Target 2028

Based on the above discussion and analysis, the share price of  Ashok Leyland    is likely to remain in the range of Rs.360-380 in 2028

 Ashok Leyland  Share Price Target 2029

Based on the above discussion and analysis, the share price of  Ashok Leyland   is likely to touch the level of around Rs.400-420 in 2029

Ashok Leyland  Share Price Target 2030

Based on the above discussion and analysis, the share price of Ashok Leyland is likely to remain in the range of Rs.440-500 in 2030

Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.

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