Name: Latest research reports of Ashok Leyland Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Ashok Leyland Ltd.
Rating: 4
Author: Prabhudas Lilladhar

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	17 Sep 2025	Ashok Leyland	Consensus Share Price Target	136.55	140.76	-	3.08	buy	pdf Detailed Estimates
	28 Jul 2024	Ashok Leyland	Prabhudas Lilladhar Reco Target	136.55	261.00	246.38 (-44.58%)	Target met	Accumulate	pdf post cache	Broker Report ASHOK LEYLAND Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	26 Jul 2024	Ashok Leyland	ICICI Securities Limited Target	136.55	146.00	246.38 (-44.58%)	Pre-Bonus/ Split	Sell	pdf post cache	Broker Report Weak profitability as per seasonality; maintain SELL with limited volume growth outlook ICICI Securities Limited Ashok Leyland’s (AL) EBITDAM, at 10.6% (down 350bps QoQ), missed consensus estimate by 60bps, due to weaker operating leverage, with Q1 being a seasonally weak quarter and one-off costs driven by battery pack/module. pdf Copy Link Share on Share on Share on Share on Alert
	26 Jul 2024	Ashok Leyland	Sharekhan Target	136.55	285.00	246.38 (-44.58%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Optimistic on sustaining a high-margin trajectory Sharekhan Ashok Leyland Limited’s (ALL) reported revenue missed estimate by mere 1.5%, while EBITDA margin missed estimate by 110 bps due to higher-than-expected other expenses. pdf Copy Link Share on Share on Share on Share on Alert
	25 Jul 2024	Ashok Leyland	Motilal Oswal Target	136.55	285.00	232.43 (-41.25%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Margins miss estimates; demand drivers remain intact Motilal Oswal Ashok Leyland’s (AL) 1QFY25 result was a miss as EBITDA margin at 10.6% (up 60bp YoY) came in lower than our est. of 12.4% largely due to onetime expenses for the battery pack software. pdf Copy Link Share on Share on Share on Share on Alert
	27 May 2024	Ashok Leyland	Axis Direct Target	136.55	222.00	226.70 (-39.77%)	Target met	Hold	pdf post cache	Broker Report Result Update:Ashok Leyland Axis Direct The CV industry has grown at a CAGR of ~19% over FY21-24. After a strong upcycle we factor stability in tonnage capacity within the industry over the next few quarters because of a high base. Thus, we maintain our HOLD rating on the stock with a limited upside potential. pdf Copy Link Share on Share on Share on Share on Alert
	26 May 2024	Ashok Leyland	Emkay Reco Target	136.55	250.00	210.70 (-35.19%)	Target met	Buy	pdf post cache	Broker Report Upgrade to BUY; potential upcycle from FY26E, attractive valuations Emkay We upgrade AL to BUY from Sell with new TP of Rs250/share at 12.5x FY26E EV/EBITDA + 2x P/B for Hinduja Leyland Finance, on upcycle potential from FY26. pdf Copy Link Share on Share on Share on Share on Alert
	25 May 2024	Ashok Leyland	BOB Capital Markets Ltd. Target	136.55	247.00	210.70 (-35.19%)	Target met	Buy	pdf post cache	Broker Report Ashok Leyland (BUY): Healthy show, all set to continue momentum; retain BUY BOB Capital Markets Ltd. Healthy base keeps revenue growth listless in Q4, strong growth of 22% QoQ; volume grew a sturdy ~20% YoY/QoQ pdf Copy Link Share on Share on Share on Share on Alert
	24 May 2024	Ashok Leyland	Sharekhan Target	136.55	244.00	210.70 (-35.19%)	Target met	Buy	pdf post cache	Broker Report Q4 beats hopes, focus stays on margins Sharekhan We retain a Buy with revised PT of Rs.244 in expectation of sustainable double-digit EBITDA margin and its profit focused volume growth strategy pdf Copy Link Share on Share on Share on Share on Alert
	17 Apr 2024	Ashok Leyland	ICICI Securities Limited Reco Target	136.55	140.00	169.70 (-19.53%)	Pre-Bonus/ Split	Sell	pdf post cache	Broker Report Ashok Leyland ICICI Securities Limited pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2024	Ashok Leyland	BOB Capital Markets Ltd. Target	136.55	226.00	177.80 (-23.20%)	Target met	Buy	pdf post cache	Broker Report First Light \| Ashok Leyland, Greenlam Industries, Orient Cement, Prince Pipes & Fittings BOB Capital Markets Ltd. AL: Margins continue to improve, maintain BUY. GRLM: Soft quarter on tepid demand environment. ORCMNT: Topline muted as volumes decline. PRINCPIP: Lacklustre quarter on sustained market share loss pdf Copy Link Share on Share on Share on Share on Alert
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Near 52W High of ₹138.20

Ashok Leyland Ltd. share price target

Ashok Leyland Ltd. has an average share price target of 145.25. The consensus estimate represents an upside of 6.37% from the last price of 136.55. View 17 reports from 10 analysts offering long-term price targets for Ashok Leyland Ltd..

ASHOK LEYLAND

Weak profitability as per seasonality; maintain SELL with limited volume growth outlook

Optimistic on sustaining a high-margin trajectory

Margins miss estimates; demand drivers remain intact

Result Update:Ashok Leyland

Upgrade to BUY; potential upcycle from FY26E, attractive valuations

Ashok Leyland (BUY): Healthy show, all set to continue momentum; retain BUY

Q4 beats hopes, focus stays on margins

Ashok Leyland

First Light | Ashok Leyland, Greenlam Industries, Orient Cement, Prince Pipes & Fittings

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