Ashok Leyland
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Latest Trading Price
Rs 51
| 52-wk high | 91.00 |
| 52-wk low | 33.70 |
Auto sector is impacted heavily due to Coronavirus.
Debts Issues
Giant company but currently facing liquidity issues.
Ashok Leyland is planning to raise Rs 200 crore by issuing NCD.
Already Rs 400 crore is raised with NCDs last month.
Net Debt – Rs 2,028
Working with bank to generate Working Capital Lines & Long Term Credit Lines.
Sales Volume
Sales in down 90% YoY to 1,277 units in May, 2020.
Sale of LCV is down from 4143 in May 2019 to 1126 in May 2020.
April 2020 sale in almost zero.
Company is positive for future:
- Demand will increase
- Increase in State Transport spending.
- Incentive-based vehicle scappage policy.
- GST down from 28% to 18%, for temporary duration.
Ashok Leyland Financials
| Annual | MAR 2019 | MAR 2018 |
|---|---|---|
| Sales | 33,196.84 | 29,619.57 |
| Net Profit | 2,183.32 | 1,819.98 |
| Cash & Short Terms Investments | 2,410 | 4,646 |
| Long Term Debt | 10,220 | 13,000 |
Shareholding Pattern
| Standalone | March 2020 |
|---|
| Promoters | 45.36 |
| Pledged | 9.26 |
| MF | 11.07 |
| Fin.Insts | 2.6 |
Disclaimer: These is only for educational purpose don’t use this information for investment, contact your financial advisor and make your own assessment before making any investment.