Sharekhan's research report on Ashok Leyland
ALL has announced for a price hike of up to 3% to inflationary pressure, effective January 2025. The company’s bus segment has been witnessing healthy order inflow.
Outlook
We retain BUY with a revised PT of Rs. 268 in expectation of sustainable double-digit EBITDA margin and its profit-focused volume growth strategy. The stock trades at a P/E multiple of 21.0x/19.2x and EV/EBITDA multiple of 11.6x/10.3x its FY2026E/FY2027E.
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