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- Ashok Leyland
Ashok Leyland Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ashok Leyland and similar public comparables like Subaru, Tata Motors Passenger Vehicles, Isuzu, Porsche SE and more.
Ashok Leyland Overview
About Ashok Leyland
Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue being derived from commercial vehicle sales. It produces and sells vehicles across different categories such as Trucks, Buses, Light Commercial Vehicles, and Defence. The company's operating segments are; Commercial vehicles, and Financial services. Geographically, it derives the majority revenue within India and the rest from other markets.
Founded
1948
HQ

Employees
9.7K
Website
Sectors
Financials (LTM)
EV
$18B
Ashok Leyland Financials
Ashok Leyland reported last 12-month revenue of $5B and EBITDA of $604M.
In the same LTM period, Ashok Leyland generated $1B in gross profit, $604M in EBITDA, and $409M in net income.
Revenue (LTM)
Ashok Leyland P&L
In the most recent fiscal year, Ashok Leyland reported revenue of $5B and EBITDA of $1B.
Ashok Leyland expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $604M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $409M | XXX | $388M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ashok Leyland Stock Performance
Ashok Leyland has current market cap of $13B, and enterprise value of $18B.
Market Cap Evolution
Ashok Leyland's stock price is $2.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $13B | 0.5% | XXX | XXX | XXX | $0.07 |
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Start Free TrialAshok Leyland Valuation Multiples
Ashok Leyland trades at 3.9x EV/Revenue multiple, and 29.6x EV/EBITDA.
EV / Revenue (LTM)
Ashok Leyland Financial Valuation Multiples
As of April 2, 2026, Ashok Leyland has market cap of $13B and EV of $18B.
Equity research analysts estimate Ashok Leyland's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ashok Leyland has a P/E ratio of 32.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 3.9x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | 29.6x | XXX | 17.5x | XXX | XXX | XXX |
| EV/EBIT | 33.7x | XXX | 19.2x | XXX | XXX | XXX |
| EV/Gross Profit | 14.3x | XXX | 9.1x | XXX | XXX | XXX |
| P/E | 32.2x | XXX | 34.0x | XXX | XXX | XXX |
| EV/FCF | 53.1x | XXX | 26.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ashok Leyland Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Ashok Leyland Margins & Growth Rates
Ashok Leyland's revenue in the last 12 month grew by 11%.
Ashok Leyland's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Ashok Leyland's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ashok Leyland's rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ashok Leyland Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | (10%) | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | (41%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ashok Leyland Public Comps
See public comps and valuation multiples for other Automakers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Subaru | XXX | XXX | XXX | XXX | XXX | XXX |
| Tata Motors Passenger Vehicles | XXX | XXX | XXX | XXX | XXX | XXX |
| Isuzu | XXX | XXX | XXX | XXX | XXX | XXX |
| Porsche SE | XXX | XXX | XXX | XXX | XXX | XXX |
| Changan Automobile | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ashok Leyland M&A Activity
Ashok Leyland acquired XXX companies to date.
Last acquisition by Ashok Leyland was on XXXXXXXX, XXXXX. Ashok Leyland acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ashok Leyland
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAshok Leyland Investment Activity
Ashok Leyland invested in XXX companies to date.
Ashok Leyland made its latest investment on XXXXXXXX, XXXXX. Ashok Leyland invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ashok Leyland
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ashok Leyland
| When was Ashok Leyland founded? | Ashok Leyland was founded in 1948. |
| Where is Ashok Leyland headquartered? | Ashok Leyland is headquartered in India. |
| How many employees does Ashok Leyland have? | As of today, Ashok Leyland has over 9K employees. |
| Who is the CEO of Ashok Leyland? | Ashok Leyland's CEO is Shenu Agarwal. |
| Is Ashok Leyland publicly listed? | Yes, Ashok Leyland is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Ashok Leyland? | Ashok Leyland trades under ASHOKLEY ticker. |
| When did Ashok Leyland go public? | Ashok Leyland went public in 1995. |
| Who are competitors of Ashok Leyland? | Ashok Leyland main competitors are Subaru, Tata Motors Passenger Vehicles, Isuzu, Porsche SE. |
| What is the current market cap of Ashok Leyland? | Ashok Leyland's current market cap is $13B. |
| What is the current revenue of Ashok Leyland? | Ashok Leyland's last 12 months revenue is $5B. |
| What is the current revenue growth of Ashok Leyland? | Ashok Leyland revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Ashok Leyland? | Current revenue multiple of Ashok Leyland is 3.9x. |
| Is Ashok Leyland profitable? | Yes, Ashok Leyland is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ashok Leyland? | Ashok Leyland's last 12 months EBITDA is $604M. |
| What is Ashok Leyland's EBITDA margin? | Ashok Leyland's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Ashok Leyland? | Current EBITDA multiple of Ashok Leyland is 29.6x. |
| What is the current FCF of Ashok Leyland? | Ashok Leyland's last 12 months FCF is $336M. |
| What is Ashok Leyland's FCF margin? | Ashok Leyland's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Ashok Leyland? | Current FCF multiple of Ashok Leyland is 53.1x. |
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