Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
21.24%
EBIT Growth (5y)
40.11%
EBIT to Interest (avg)
1.94
Debt to EBITDA (avg)
6.40
Net Debt to Equity (avg)
3.29
Sales to Capital Employed (avg)
0.87
Tax Ratio
28.43%
Dividend Payout Ratio
59.23%
Pledged Shares
40.10%
Institutional Holding
36.51%
ROCE (avg)
12.80%
ROE (avg)
18.77%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
23
Industry P/E
25
Price to Book Value
6.00
EV to EBIT
13.50
EV to EBITDA
12.05
EV to Capital Employed
2.17
EV to Sales
2.29
PEG Ratio
1.34
Dividend Yield
2.41%
ROCE (Latest)
15.72%
ROE (Latest)
26.31%
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TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Sideways
Moving Averages
Bearish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend4What is working for the Company
DEBTORS TURNOVER RATIO(HY)
Highest at 18.16 times
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 10,757.22 cr
-6What is not working for the Company
ROCE(HY)
Lowest at 13.10%
OPERATING PROFIT TO INTEREST (Q)
Lowest at 1.80 times
PBT LESS OI(Q)
Lowest at Rs 761.07 cr.
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Here's what is working for Ashok Leyland
Debtors Turnover Ratio- Half Yearly
Highest at 18.16 times and Grown
each half year in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Cash and Cash Equivalents - Half Yearly
Highest at Rs 10,757.22 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Ashok Leyland
Operating Profit to Interest - Quarterly
Lowest at 1.80 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs 761.07 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Non Operating Income - Quarterly
Highest at Rs 188.65 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
