Ashok Leyland Dividend yield




   INR/share 
 Price  95.45
 Dividend  3.60
 Earnings  1.66
 Cash-flow  0.00
 Book value  26.51
 Equity  28.14

Ashok Leyland is part of Industrial Engineering business, which is part of Industrials industry. Ashok Leyland is a company from India, and his stocks are publicly traded.

Ashok Leyland paid a total dividend of 10,570 million INR last year, for a market value of 280,241 millions (Market Cap 124,390 millions). Dividend per share of Ashok Leyland is 3.60 INR, and his stock market price 95.45 INR.

According to the chart below, where dividend yield is displayed, Ashok Leyland has a dividend yield of 3.77%, which is higher than the amount offered by both the market average and companies from India. It is also bigger than average of Industrials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Ashok Leyland dividend yield with other Industrial Engineering companies or firms from India.

Dividend yield of Ashok Leyland

Ashok Leyland Dividend Payout

About the ability of Ashok Leyland to maintain his current dividend of INR 3.60 per share, an amount that accounts for 3.77%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Ashok Leyland payout on ernings is currently 216.87%, which is higher than the market average, and companies of Industrials industry, which are 38.57% and 31.76% respectively. Both figures show that Ashok Leyland can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Ashok Leyland is INR 0.00 per share, which is lower than the dividend per share paid by the company of INR 3.60, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Ashok Leyland, compared againt world market average, India companies, Industrials industry and Industrial Engineering sector companies.

Ashok Leyland payout

Ashok Leyland Dividend History

Year Yield  INR  Paypout  Shares* 
Present3.77%3.60216.87%2,936
20193.80%3.1041.84%2,936
20182.37%2.4338.63%2,931
20171.31%1.5627.23%2,927
20161.19%0.9523.28%2,846
20150.48%0.450.00%2,846

*In millions

Ashok Leyland Stock performance

Finally, last moth Ashok Leyland showed a return of 3.60% compared to a worldwide 3.99% average, and a 4.23% of Industrials firms. Over the last year, the company obtained a 17.10% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for India and Industrial Engineering firms.

Ashok Leyland stock and market return