Buy Ashok Leyland, target price Rs 145: Emkay Global

Emkay Global has buy call on Ashok Leyland Ltd. with a target price of Rs 145. The current market price of Ashok Leyland Ltd. is Rs 129.85. Time period given by analyst is one year when Ashok Leyland Ltd. price can reach defined target.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 38132.50 Crore) operating in Auto sector.

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 6675.83 Crore, up 19.49 % from last quarter Total Income of Rs 5586.91 Crore and up 11.26 % from last year same quarter Total Income of Rs 6000.28 Crore. Company reported net profit after tax of Rs -113.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.54 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.45 per cent, DIIs 21.94 per cent.