Earnings Alerts

Ashok Leyland (AL) Earnings: May Vehicle Sales Surge 12% Year-over-Year to 14,682 Units

  • Ashok Leyland reported vehicle sales for May 2024 at 14,682 units.
  • Compared to May 2023, sales increased by 12% when they sold 13,134 units.
  • Local sales for May 2024 stood at 13,852 units, also showing a 12% year-on-year increase.
  • Market analysts’ recommendations for Ashok Leyland include:
    • 28 buy recommendations
    • 7 hold recommendations
    • 8 sell recommendations
  • All comparisons are based on values reported in the company’s original disclosures.

A look at Ashok Leyland Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When looking at the Smart Scores for Ashok Leyland, the company appears to have a strong long-term outlook. With high scores in Dividend and Growth, it suggests that Ashok Leyland is committed to rewarding its investors while also showing potential for future expansion and development. However, lower scores in Value and Resilience indicate that there may be areas for improvement in terms of the company’s financial health and ability to withstand economic challenges. The moderate Momentum score suggests a steady but not overly rapid pace of growth.

Ashok Leyland Limited, a manufacturer of medium and heavy duty commercial vehicles with a diverse product range that includes buses, tractors, haulage trucks, and defense sector vehicles, has a solid overall outlook based on its Smart Scores. Operating both domestically in India and internationally, the company’s strong focus on dividends and growth highlights its commitment to both investors and future expansion. While there are some areas for enhancement in terms of value and resilience, Ashok Leyland‘s momentum indicates a stable trajectory for long-term success in its industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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