Ashok Leyland Limited vs Olectra Greentech Limited
An objective side-by-side of ASHOKLEY and OLECTRA, both in Automobiles - LCVs / HCVs: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-23 close
Latest results: ASHOKLEY Jun 2026 · OLECTRA Jun 2026
At a glance
- Ashok Leyland Limited is the larger company by market value, about 9.1 times the size of Olectra Greentech Limited.
- On trailing earnings, Ashok Leyland Limited trades at the lower P/E (26.4 against 58.3).
- Ashok Leyland Limited earns the higher return on equity (25.4% against 14.6%).
- Over three years Ashok Leyland Limited has grown profits faster (46% a year against 39%).
- Over the past year the share prices returned +18.6% (ASHOKLEY) and -22.5% (OLECTRA).
| Metric | Ashok Leyland ASHOKLEY |
Olectra Greentech OLECTRA |
|---|---|---|
| Size and price | ||
| Market cap | ₹95,679 Cr | ₹10,473 Cr |
| Share price | ₹162.89 | ₹1,276 |
| Valuation | ||
| P/E | 26.41 | 58.25 |
| P/B | 6.72 | 8.53 |
| EV/EBITDA | 19.32 | 30.95 |
| PEG | 0.57 | 1.49 |
| Dividend yield | 2.1% | 0.0% |
| Profitability | ||
| ROE | 25.4% | 14.6% |
| ROCE | 14.0% | 21.0% |
| Operating margin | 16.1% | 13.8% |
| Sales (TTM) | ₹51,299 Cr | ₹2,541 Cr |
| Net profit (TTM) | ₹3,623 Cr | ₹180 Cr |
| Growth | ||
| Latest quarter sales YoY | -17.7% | +65.7% |
| Latest quarter profit YoY | -7.4% | +2.4% |
| Sales CAGR 3Y | +11.0% | +28.0% |
| Profit CAGR 3Y | +46.0% | +39.0% |
| Sales CAGR 5Y | +24.0% | +52.0% |
| Profit CAGR 5Y | +85.0% | +85.0% |
| Financial strength | ||
| Debt/Equity | 4.49 | 0.31 |
| Interest cover | 2.34 | 4.68 |
| Ownership | ||
| Promoter holding | 51.5% | 50.0% |
| Promoter change (4 qtrs) | -0.01 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -6.41% | -0.57% |
| Return 3M | +4.70% | -13.53% |
| Return 1Y | +18.59% | -22.45% |
| Return YTD | -9.49% | +7.61% |
| Technical condition | ||
| Technical score | 30 | 66 |
| RS rating (1-99) | 57.00 | 47.00 |
| % vs 200-DMA | -5.49% | +6.71% |
| RSI (14) | 43.27 | 58.04 |
| % from 52-week high | -24.71% | -24.73% |
