2025-09-15 02:07:06 pm | Source: Choice Broking Ltd
Buy Ashok Leyland Ltd For Target Rs. 155 By Choice Broking Ltd
View and Valuation:
AL is well-positioned to take advantage of the GST rate cuts for the CV industry (~93–95% of total revenue) which can act as a catalyst for the pent-up replacement demand of the aging fleet. Taking this into account, we revise our FY27/FY28 EPS estimates upwards by 3.7%/4.6%. We value the core business at 20x (maintained) on the average FY27/28E EPS and arrive at a value of INR 136. We assign a value of INR 15 to HLFL and INR 4 to Switch Mobility, leading to a revised target price of INR 155. We maintain our BUY rating on the stock.
Financials:
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