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Reading: Ashok Leyland Secures Indian Army Contracts Worth ₹700 crore
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SSBCrack > Blog > Indian Defence News > Ashok Leyland Secures Indian Army Contracts Worth ₹700 crore
Indian Defence News

Ashok Leyland Secures Indian Army Contracts Worth ₹700 crore

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SSBCrack
Last updated: March 29, 2025
3 Min Read
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Ashok Leyland

Ashok Leyland, the flagship entity of the Hinduja Group, announced that its defence business has secured multiple orders valued at over ₹700 crore to supply vehicles to the armed forces. These vehicles will fulfill the defence sector’s requirements for troop transportation, logistics, and specialized mobility solutions under the Close-in Weapon Systems (CIWS) program.

Strengthening Leadership in Land Mobility Solutions

With these new orders, Ashok Leyland has further reinforced its position as a leader in advanced land mobility solutions for India’s armed and paramilitary forces. According to a filing with the Bombay Stock Exchange (BSE), the contracts cover a diverse range of specialized vehicles, including:

  • Stallion 4×4
  • Stallion 6×6
  • Short Chassis Bus
  • Mobility System Travelling Platform

These vehicles are designed to offer superior reliability and exceptional off-road capability, ensuring seamless maneuverability across India’s most challenging terrains while meeting various operational requirements.

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Stock Performance: Dip Despite Order Win

Despite the positive order announcement, Ashok Leyland’s stock traded lower on Friday. As of the last update, the stock was down by 0.79%, trading at ₹207.

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  • The stock traded higher than its 10-day Simple Moving Average (SMA) but remained below its 5-day, 20-, 30-, 50-, 100-, 150-, and 200-day SMAs.
  • Its 14-day Relative Strength Index (RSI) stood at 47.10, indicating neutral market sentiment.
  • Around 1.63 lakh shares changed hands, which was lower than the two-week average volume of 3.55 lakh shares.
  • The counter registered a turnover of ₹3.37 crore, with a market capitalization of ₹60,859.53 crore.

Company Fundamentals and Market Indicators

  • P/E Ratio: 20.58
  • P/B Value: 6.03
  • Earnings Per Share (EPS): 10.07
  • Return on Equity (RoE): 29.31%
  • Beta (1-Year): 1.6, indicating high volatility

Clarification on SML Isuzu Stake Acquisition Rumors

In a separate development, Ashok Leyland denied media reports suggesting that it was acquiring the promoter’s stake (Japan’s Sumitomo Corporation) in SML Isuzu. The company clarified that the news was factually incorrect and assured that any material information would be disclosed as per regulatory requirements.

“As a responsible corporate entity, the company promptly discloses any material information under applicable regulations and will continue to do so in the future,” the company stated.

Promoter Holding and Shareholding Pattern

As of December 2024, promoters held a 51.52% stake in Ashok Leyland, reflecting strong promoter confidence in the company’s growth and performance.

Ashok Leyland’s continued focus on enhancing defense capabilities and maintaining transparency in corporate actions positions the company as a key player in India’s defense and automotive sectors.

TAGGED:Indian Army
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