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Ashok Leyland Limited (IN:ASHOKLEY)
:ASHOKLEY
India Market
ASHOKLEY
Ashok Leyland Limited
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Ashok Leyland Limited (ASHOKLEY) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

ASHOKLEY Analyst Ratings

Currently, no data available
Based on NaN analysts giving stock ratings to
Ashok
Leyland Limited
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

ASHOKLEY Stock 12 Month Forecast

There Are No Analyst Ratings for IN:ASHOKLEY In The Last 3 Months.
Highest Price Target―Average Price Target―Lowest Price Target―
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

ASHOKLEY Financial Forecast

ASHOKLEY Earnings Forecast

Next quarter’s earnings estimate for ASHOKLEY is ₹2.45 with a range of ₹2.37 to ₹2.71. The previous quarter’s EPS was ₹1.36. ASHOKLEY beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 63.29% of the time in the same period. In the last calendar year ASHOKLEY has Performed in-line its overall industry.
Next quarter’s earnings estimate for ASHOKLEY is ₹2.45 with a range of ₹2.37 to ₹2.71. The previous quarter’s EPS was ₹1.36. ASHOKLEY beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 63.29% of the time in the same period. In the last calendar year ASHOKLEY has Performed in-line its overall industry.

ASHOKLEY Sales Forecast

Next quarter’s sales forecast for ASHOKLEY is ₹141.32B with a range of ₹137.97B to ₹143.95B. The previous quarter’s sales results were ₹148.30B. ASHOKLEY beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 61.16% of the time in the same period. In the last calendar year ASHOKLEY has Performed in-line its overall industry.
Next quarter’s sales forecast for ASHOKLEY is ₹141.32B with a range of ₹137.97B to ₹143.95B. The previous quarter’s sales results were ₹148.30B. ASHOKLEY beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 61.16% of the time in the same period. In the last calendar year ASHOKLEY has Performed in-line its overall industry.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Morgan Stanley Analyst forecast on IN:ASHOKLEY
Andrew Percoco
Morgan Stanley
Morgan Stanley
₹227
Hold
29.90%
Upside
Reiterated
02/13/26
Axis Direct Analyst forecast on IN:ASHOKLEY
Unknown Analyst
Axis Direct
Not Ranked
Axis Direct
₹230
Buy
31.62%
Upside
Reiterated
02/12/26
Axis Direct Sticks to Its Buy Rating for Ashok Leyland Limited (ASHOKLEY)
ICICI Securities Analyst forecast on IN:ASHOKLEY
Unknown Analyst
ICICI Securities
Not Ranked
ICICI Securities
₹225
Hold
28.76%
Upside
Reiterated
02/12/26
ICICI Securities Sticks to Its Hold Rating for Ashok Leyland Limited (ASHOKLEY)
J.P. Morgan Analyst forecast on IN:ASHOKLEY
Amyn Pirani
J.P. Morgan
J.P. Morgan
₹155
Hold
-11.30%
Downside
Reiterated
11/12/25
J.P. Morgan Reaffirms Their Hold Rating on Ashok Leyland Limited (ASHOKLEY)
Goldman Sachs Analyst forecast on IN:ASHOKLEY
Chandramouli Muthiah
Goldman Sachs
Goldman Sachs
₹140
Hold
-19.89%
Downside
Downgraded
09/23/25
Ashok Leyland Limited (ASHOKLEY) was downgraded to a Hold Rating at Goldman Sachs
Citi Analyst forecast on IN:ASHOKLEY
Arvind Sharma
Citi
Citi
₹140→₹155
Buy
-11.30%
Downside
Reiterated
09/17/25
Citi Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Bank of America Securities Analyst forecast on IN:ASHOKLEY
Gunjan Prithyani
Bank of America Securities
Bank of America Securities
₹146→₹163
Buy
-6.72%
Downside
Reiterated
09/16/25
Bank of America Securities Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Nomura Analyst forecast on IN:ASHOKLEY
Kapil Singh
Nomura
Nomura
₹144→₹153
Buy
-12.45%
Downside
Reiterated
09/04/25
Nomura Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Geojit Research Analyst forecast on IN:ASHOKLEY
Unknown Analyst
Geojit Research
Not Ranked
Geojit Research
₹126→₹150
Buy
-14.16%
Downside
Reiterated
08/28/25
Given strong margin expansion with rapid export growth, we value AL at 13.5x EV/EBITDA to arrive at a target price of Rs.150 and reiterate the Buy rating at CMP.
Investec Analyst forecast on IN:ASHOKLEY
Aditya Jhawar
Investec
Investec
₹300→₹145
Buy
-17.02%
Downside
Reiterated
08/18/25
Investec Remains a Buy on Ashok Leyland Limited (ASHOKLEY)
CLSA Analyst forecast on IN:ASHOKLEY
Basudeb Banerjee
CLSA
CLSA
₹112.5→₹136
Buy
-22.17%
Downside
Upgraded
08/18/25
CLSA upgrades Ashok Leyland Limited (ASHOKLEY) to a Buy
Kotak Mahindra Analyst forecast on IN:ASHOKLEY
Rishi Vora
Kotak Mahindra
Kotak Mahindra
₹120→₹130
Buy
-25.61%
Downside
Reiterated
08/18/25
Kotak Mahindra Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Exane BNP Paribas Analyst forecast on IN:ASHOKLEY
Kumar Rakesh
Exane BNP Paribas
Exane BNP Paribas
₹150
Buy
-14.16%
Downside
Reiterated
06/27/25
Ashok Leyland Limited (ASHOKLEY) Gets a Buy from Exane BNP Paribas
Macquarie Analyst forecast on IN:ASHOKLEY
Ashish Jain CFA
Macquarie
Macquarie
₹117→₹121.5
Hold
-30.47%
Downside
Reiterated
06/20/25
Ashok Leyland Limited (ASHOKLEY) Receives a Hold from Macquarie
Jefferies Analyst forecast on IN:ASHOKLEY
Nitij Mangal
Jefferies
Jefferies
₹107.5→₹115
Hold
-34.19%
Downside
Reiterated
05/26/25
Ashok Leyland Limited (ASHOKLEY) Gets a Hold from Jefferies
Analyst Type
Any
Any
Human Analysts
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Morgan Stanley Analyst forecast on IN:ASHOKLEY
Andrew Percoco
Morgan Stanley
Morgan Stanley
₹227
Hold
29.90%
Upside
Reiterated
02/13/26
Axis Direct Analyst forecast on IN:ASHOKLEY
Unknown Analyst
Axis Direct
Not Ranked
Axis Direct
₹230
Buy
31.62%
Upside
Reiterated
02/12/26
Axis Direct Sticks to Its Buy Rating for Ashok Leyland Limited (ASHOKLEY)
ICICI Securities Analyst forecast on IN:ASHOKLEY
Unknown Analyst
ICICI Securities
Not Ranked
ICICI Securities
₹225
Hold
28.76%
Upside
Reiterated
02/12/26
ICICI Securities Sticks to Its Hold Rating for Ashok Leyland Limited (ASHOKLEY)
J.P. Morgan Analyst forecast on IN:ASHOKLEY
Amyn Pirani
J.P. Morgan
J.P. Morgan
₹155
Hold
-11.30%
Downside
Reiterated
11/12/25
J.P. Morgan Reaffirms Their Hold Rating on Ashok Leyland Limited (ASHOKLEY)
Goldman Sachs Analyst forecast on IN:ASHOKLEY
Chandramouli Muthiah
Goldman Sachs
Goldman Sachs
₹140
Hold
-19.89%
Downside
Downgraded
09/23/25
Ashok Leyland Limited (ASHOKLEY) was downgraded to a Hold Rating at Goldman Sachs
Citi Analyst forecast on IN:ASHOKLEY
Arvind Sharma
Citi
Citi
₹140→₹155
Buy
-11.30%
Downside
Reiterated
09/17/25
Citi Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Bank of America Securities Analyst forecast on IN:ASHOKLEY
Gunjan Prithyani
Bank of America Securities
Bank of America Securities
₹146→₹163
Buy
-6.72%
Downside
Reiterated
09/16/25
Bank of America Securities Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Nomura Analyst forecast on IN:ASHOKLEY
Kapil Singh
Nomura
Nomura
₹144→₹153
Buy
-12.45%
Downside
Reiterated
09/04/25
Nomura Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Geojit Research Analyst forecast on IN:ASHOKLEY
Unknown Analyst
Geojit Research
Not Ranked
Geojit Research
₹126→₹150
Buy
-14.16%
Downside
Reiterated
08/28/25
Given strong margin expansion with rapid export growth, we value AL at 13.5x EV/EBITDA to arrive at a target price of Rs.150 and reiterate the Buy rating at CMP.
Investec Analyst forecast on IN:ASHOKLEY
Aditya Jhawar
Investec
Investec
₹300→₹145
Buy
-17.02%
Downside
Reiterated
08/18/25
Investec Remains a Buy on Ashok Leyland Limited (ASHOKLEY)
CLSA Analyst forecast on IN:ASHOKLEY
Basudeb Banerjee
CLSA
CLSA
₹112.5→₹136
Buy
-22.17%
Downside
Upgraded
08/18/25
CLSA upgrades Ashok Leyland Limited (ASHOKLEY) to a Buy
Kotak Mahindra Analyst forecast on IN:ASHOKLEY
Rishi Vora
Kotak Mahindra
Kotak Mahindra
₹120→₹130
Buy
-25.61%
Downside
Reiterated
08/18/25
Kotak Mahindra Sticks to Their Buy Rating for Ashok Leyland Limited (ASHOKLEY)
Exane BNP Paribas Analyst forecast on IN:ASHOKLEY
Kumar Rakesh
Exane BNP Paribas
Exane BNP Paribas
₹150
Buy
-14.16%
Downside
Reiterated
06/27/25
Ashok Leyland Limited (ASHOKLEY) Gets a Buy from Exane BNP Paribas
Macquarie Analyst forecast on IN:ASHOKLEY
Ashish Jain CFA
Macquarie
Macquarie
₹117→₹121.5
Hold
-30.47%
Downside
Reiterated
06/20/25
Ashok Leyland Limited (ASHOKLEY) Receives a Hold from Macquarie
Jefferies Analyst forecast on IN:ASHOKLEY
Nitij Mangal
Jefferies
Jefferies
₹107.5→₹115
Hold
-34.19%
Downside
Reiterated
05/26/25
Ashok Leyland Limited (ASHOKLEY) Gets a Hold from Jefferies
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Best Analysts Covering Ashok Leyland Limited

3 Months
Arvind SharmaCiti
Success Rate
2/2 ratings generated profit
100%
Average Return
+15.75%
Copying Arvind Sharma's trades and holding each position for 3 Months would result in 100.00% of your transactions generating a profit, with an average return of +15.75% per trade.
1 Year
Kapil SinghNomura
Success Rate
4/4 ratings generated profit
100%
Average Return
+39.80%
Copying Kapil Singh's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +39.80% per trade.
2 Years
Rishi VoraKotak Mahindra
Success Rate
2/2 ratings generated profit
100%
Average Return
+29.60%
Copying Rishi Vora's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +29.60% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

ASHOKLEY Analyst Recommendation Trends

Rating
Jan 26
Feb 26
Mar 26
Apr 26
May 26
Strong Buy
0
0
0
0
0
Buy
0
1
1
1
0
Hold
1
2
2
2
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
1
3
3
3
0
In the current month, ASHOKLEY has received 0 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. ASHOKLEY average Analyst price target in the past 3 months is ―.
Each month's total comprises the sum of three months' worth of ratings.

ASHOKLEY Stock Forecast FAQ

What is IN:ASHOKLEY’s average 12-month price target, according to analysts?
Currently, no data Available
What is IN:ASHOKLEY’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for IN:ASHOKLEY, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
    How can I follow the stock ratings of top Wall Street analysts?
    Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
      Is Ashok Leyland Limited a Buy, Sell or Hold?
      Currently, no data Available
      What is Ashok Leyland Limited’s share price target?
      Currently, no data Available
      What do analysts say about Ashok Leyland Limited?
      Not enough analysts have published a price target to provide an average price target.
      How can I buy shares of Ashok Leyland Limited?
      To buy shares of IN:ASHOKLEY, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.