Bus manufacturer Secures Rs 183.8 Crore Tamil Nadu Bus Order - Do you own this stock?
The stock has delivered a -0.15 per cent return in the past year, it has gained 69.09 per cent over the last three years.
Ashok Leyland, a key player in India's commercial vehicle segment and the flagship of the Hinduja Group, has bagged a major order from the Tamil Nadu State Transport Corporation. The contract involves the supply of 543 BSVI Diesel Chassis and Fully Built Buses, valued at approximately Rs 183.80 crore. Scheduled for execution between June 2025 and December 2025, this order was finalised through a standard tender process and does not involve any adverse clauses. This deal represents a strategic boost to the company’s domestic expansion efforts.
As of June 3, 2025, the stock price of Ashok Leyland stands at Rs 236.05, compared to a 52-week high of Rs 262.1 and a 52-week low of Rs 196.5. The company’s market capitalisation is currently Rs 69,390 crore. While the stock has delivered a -0.15 per cent return in the past year, it has gained 69.09 per cent over the last three years, reflecting investor interest in the Mid-Cap vehicle manufacturer. The price-to-earnings (PE) ratio of the stock stands at 20.71.
DSIJ’s ‘Flash News Investment' weekly Newsletter recommends profit-making ideas for you based on fundamental and technical analysis. If this interests you, download the service details here.
Ashok Leyland is the second-largest commercial vehicle manufacturer in India and ranks fourth globally in the bus segment. Its extensive portfolio includes trucks, buses, light vehicles, defence vehicles, and engines. In FY24, nearly 89 per cent of its revenue came from the commercial vehicle business, driven by volume growth and improved price realisations. The company also operates in financial services, offering vehicle and housing loans.
A Large-Cap stock with a strong domestic presence—contributing 92 per cent of its revenue from India—Ashok Leyland continues to enhance its offerings through innovation and expansion into the electric vehicle market under its subsidiary, Switch Mobility. The firm maintains transparency, confirming no involvement of promoters or related parties in the latest order, ensuring adherence to corporate governance norms.
Disclaimer: The article is for informational purposes only and not investment advice.