Buy Ashok Leyland, target price Rs 220: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Ashok Leyland with a target price of Rs 220. The current market price of Ashok Leyland Ltd. is Rs 173.5.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 50721.60 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, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 9735.45 Crore, down -26.43 % from last quarter Total Income of Rs 13233.16 Crore and up 34.31 % from last year same quarter Total Income of Rs 7248.49 Crore. Company reported net profit after tax of Rs 582.95 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.53 per cent stake in the company as of 30-Jun-2023, while FIIs owned 16.59 per cent, DIIs 20.79 per cent.