Ashok Leyland Ltd.

NSE: ASHOKLEY | BSE: 500477 | ISIN: INE208A01029 |Industry: Commercial Vehicles
|Momentum Trap
81.75 3.10 (3.94%)
NSE Oct 27, 2020 15:31 PM
Volume: 61.4M

Ashok Leyland Ltd.    
09 Sep 2020
Motilal Oswal
9 September 2020 primarily due to liquidation of BS-IV inventory, which led to decline in inventory by INR14.5b YoY to INR12.4b in FY20. This resulted in inventory days declining by 10 days YoY to 37 days. Thus, earnings to Standalone free cash flow (post interest) remained negative at During FY20, the company capitalized expenses of INR2.9b, 43.6%/3.8% of R&D;/gross block). This primarily pertains to BSVI, AVTR (Modular Platform) and the LCV project. These mainly comprised (a) employee benefit expense of INR0.7b, (b) finance cost of INR0.3b, and (c) other expense of INR3.6b. Total intangibles mainly due to in-house developed technical knowhow of INR8.2b.
Ashok Leyland Ltd. has gained 84.54% in the last 6 Months
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