EV stock with Orderbook guidance of 4,000 EV buses for FY26 to keep on your radarEV stock with Orderbook guidance of 4,000 EV buses for FY26 to keep on your radar

Introduction:

This EV stock is poised for significant growth, backed by a robust order book and strategic investments. Its outlook remains positive, driven by rising EV demand and infrastructure-led expansion.

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Ashok Leyland Ltd

Ashok Leyland Ltd is a leading commercial vehicle manufacturer known for its trucks, buses, and defence vehicles. It focuses on innovation, sustainability, and expanding its EV portfolio to meet evolving market demands.

Share price movement: 

On February 21, 2025, Ashok Leyland Ltd (BSE: ASHOKLEY) opened at ₹227.45, reached a high of ₹228.25, and a low of ₹220.25. The stock closed at ₹221.80, down by 2.05%, with a market cap of ₹65,132.17 Cr.

Future guidance

Ashok Leyland Ltd is expanding its EV presence, with Switch Mobility’s order book exceeding 1,800 buses. The company plans for 4,000 EV buses in FY26, highlighting its focus on the electric CV segment. Investments of ₹500 crores in Optare will support EV growth.

Management expects strong growth in FY26, driven by infrastructure-led demand. Export targets are 15,000 units for this fiscal year and 25,000 units in the medium term. The Hinduja Leyland Finance merger is expected to conclude by Q1 FY26.

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Financial Performance update: 

Ashok Leyland Ltd reported a 31% YoY increase in Q3 FY25 net profit, with revenues reaching a record ₹9,479 crores. The EBITDA margin improved to 12.8%, up from 11.6% in Q2 FY25 to 12.0% in Q3 FY24, reflecting strong operational performance.

Operating PBT rose 10% YoY to ₹994 crores, while reported PAT stood at ₹762 crores. Material costs as a percentage of revenue declined to 71.5% from 72.2% YoY, contributing to improved profitability.

Ashok Leyland Ltd has a robust ROE of 28.35% and an ROCE of 15.01%, reflecting solid profitability. It demonstrates a strong market valuation with a PE ratio of 23.35 and a price-to-book value of 6.32.

Shareholding pattern of Ashok Leyland Ltd: 

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	51.5	51.5	51.5
FII	24.1	24.4	22.0
DII	13.1	12.4	14.2
Public	11.3	11.7	12.2

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.