Ashok Leyland ASHOKLEY
Truck maker that supplies the Army's logistics trucks and specialist vehicle chassis
Mapped in 1 theme: Defence Procurement (DAC approvals).
Where Ashok Leyland sits in the supply chain
Ashok Leyland appears in 1 supply-chain layer in one theme, Defence Procurement (DAC approvals).
Defence Procurement (DAC approvals) › Military vehicles & bridging
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 45,703 | 48,535 | 56,362 |
| Net profit | 2,696 | 3,383 | 3,721 |
Latest-year revenue ₹56,362 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Long-time supplier of Army logistics trucks
- High-mobility vehicles were in the 7 Sep 2026 AoN
- Large, profitable truck business funds defence bids
Risks
- Defence is a small share of a ~₹56,000 Cr revenue company
- Truck tenders are price-competitive
- Results driven by the commercial-vehicle cycle, not defence
Common questions
What does Ashok Leyland do?
Truck maker that supplies the Army's logistics trucks and specialist vehicle chassis.
Where does Ashok Leyland sit in the supply chain?
Ashok Leyland (NSE: ASHOKLEY) is mapped in 1 supply-chain layer: Military vehicles & bridging (Defence Procurement (DAC approvals)).
Who are Ashok Leyland's peers?
In the Military vehicles & bridging layer of Defence Procurement (DAC approvals): BEML, Tata Advanced Systems (not NSE-listed) and Larsen & Toubro.
What is Ashok Leyland's market cap and valuation?
As of 30 Oct 2026: market cap ₹84,977 Cr, P/E 22.8x, ROCE 13.6%, ROE 27.4%, dividend yield 2.42%.