INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Ashok Leyland Ltd
with a target price of Rs 90
The current price of Ashok Leyland Ltd
Time period given by the analyst is Intra Day when Ashok Leyland Ltd
price can reach defined target
Kunal Bothra recommended to keep a stoploss at Rs 81
Ashok Leyland Ltd., incorporated in 1948, has a market cap of Rs 24658.43 crore
key Products/Revenue Segments include Commercial Vehicles which contributed Rs 25307.78 Crore to Sales Value (85.95 % of Total Sales), Spare
Parts - Others which contributed Rs 1880.47 Crore to Sales Value (6.38 % of Total Sales), Sale of services which contributed Rs 830.30 Crore
to Sales Value (2.81 % of Total Sales), Ferrous Castings which contributed Rs 516.38 Crore to Sales Value (1.75 % of Total Sales), Engine -
Gensets which contributed Rs 468.04 Crore to Sales Value (1.58 % of Total Sales), Other Operating Revenue which contributed Rs 257.16 Crore
to Sales Value (0.87 % of Total Sales), Scrap which contributed Rs 122.60 Crore to Sales Value (0.41 % of Total Sales) and Export Incentives
which contributed Rs 61.16 Crore to Sales Value (0.20 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 5033.06 Crore, down -22.74 % from last quarter Sales
of Rs 6514.73 Crore and down -41.16 % from last year same quarter Sales of Rs 8553.68 Crore Company has reported net profit after tax of Rs
69.71 Crore in latest quarter
The company’s top management includes Dr.Andreas H Biagosch, Dr.Andrew C Palmer, Mr.Dheeraj G Hinduja, Mr.Gopal Mahadevan, Mr.Jean
Brunol, Mr.Jose Maria Alapont, Mr.Manisha Girotra, Mr.R J Shahaney, Mr.Sanjay K Asher, Mr.Saugata Gupta
Company has Price Waterhouse - Co Chartered Accountants LLP as its auditors