Earnings Alerts

Ashok Leyland (AL) Earnings Reported: September Vehicle Sales Decline by 10% Y/Y

  • Ashok Leyland reported vehicle sales of 17,233 units in September 2024.
  • This is a 10% decrease compared to the 19,202 units sold in September 2023.
  • Local sales amounted to 16,041 units, reflecting a 12% decline year-over-year.
  • Investment analyst sentiment includes 32 buys, 4 holds, and 8 sells.
  • All comparisons are based on original disclosures from the company.

A look at Ashok Leyland Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.6

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

Based on the Smartkarma Smart Scores assessment, Ashok Leyland‘s long-term outlook appears positive across several key factors. With a strong emphasis on dividend and growth, scoring 5 out of 5 in both categories, the company is positioned well in terms of its ability to generate shareholder returns and expand its operations. However, the score of 3 for value suggests that the stock may not be undervalued currently. Additionally, the resilience score of 2 indicates some potential vulnerabilities in the company’s ability to withstand market challenges. The momentum score of 3 signifies a moderate trend in the company’s stock performance.

Ashok Leyland Limited, a manufacturer of commercial vehicles, industrial engines, and spare parts, operates both domestically in India and internationally. With a focus on producing medium and heavy-duty vehicles, including buses, fire engines, and defense sector vehicles, the company has established a diverse product portfolio. The high scores in dividend and growth indicate a positive outlook for Ashok Leyland in terms of rewarding shareholders and pursuing expansion opportunities in the long run.


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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