IndustrialsAgricultural, Commercial & Construction VehiclesNIFTY MIDCAP 50 +7ashokleyland.com· Chennai
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 72.8% | 29.2% | 25.5% | 22.7% | ||||
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 72.8% | 29.2% | 25.5% | 22.7% | ||||
| 22.9% |
| 27.3% |
| 28.7% |
| 28.6% |
| EBITDA margin % | 10.6% | 6.7% | 3.5% | 4.6% | 8.1% | 12% | 12.7% | 13% |
| EBIT margin % | 8.5% | 2.9% | -1.4% | 1.1% | 6.1% | 10.1% | 10.9% | 11.4% |
| PAT margin % | 6.4% | 1.4% | -2.1% | 2.5% | 3.8% | 6.8% | 8.5% | 8.1% |
| Working capital | ||||||||
| Receivable days | 32 | 25 | 67 | 52 | 41 | 34 | 27 | 24 |
| Inventory days | 124 | 37 | 69 | 45 | 36 | 42 | 39 | 41 |
| Payable days | 1 | 0 | 165 | 150 | 94 | 82 | 97 | 97 |
| NWC days | 155 | 61 | -30 | -52 | -17 | -7 | -30 | -32 |
| Leverage | ||||||||
| Current ratio | 0.93 | 0.77 | 0.9 | 0.99 | 1.05 | 0.96 | 1.08 | 1.1 |
| Debt to EBITDA | 0.13 | 2.61 | 6.97 | 3.53 | 1.1 | 0.5 | 0.3 | 0.21 |
| Debt to equity | 0.05 | 0.42 | 0.53 | 0.48 | 0.38 | 0.26 | 0.13 | 0.09 |
| Interest coverage | 39.9 | 5.7 | -0.3 | 1.1 | 8 | 16.6 | 20.6 | 31.4 |
| Asset turnover | 1.59 | 1.07 | 0.83 | 1.07 | 1.6 | 1.62 | 1.52 | 1.54 |
| Return ratios | ||||||||
| Return on assets % | 10.2% | 1.5% | -1.7% | 2.7% | 6.1% | 11.1% | 12.9% | 12.5% |
| Return on capital employed % | 29.1% | 6.7% | -1% | 3% | 20.7% | 35.8% | 34.8% | 36.3% |
| Return on equity % | 22.4% | 3.3% | -4.5% | 7.4% | 16.4% | 29.7% | 28.7% | 27.2% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.