MOSL: ASHOK LEYLAND (Buy)-Well prepared for the next leg of growth through differentiated BS6 solution
ASHOK LEYLAND: Well prepared for the next leg of growth through differentiated BS6 solution, modular platform, LCVs, exports
(AL IN, Mkt Cap USD3.2b, CMP INR79, TP INR95, 20% Upside, Buy)
We attended Ashok Leyland’s (AL) investor meet at its Technical Centre in Chennai. Apart from showcasing its BS6-ready products on the modular platform, senior management for future growth. Key insights from the meet:
- AL's focus is on retaining profitability/preserving cash over the short term and reducing volatility/growing business over the long term.
- The company is BS6-ready with differentiated solutions offering lowest total cost of ownership (TCO) for its customers.
- The modular platform is likely to provide it with a competitive advantage by facilitating better TCO and RoI to customers.
Ashok Leyland Limited is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles, automotive aggregates, vehicle financing and engineering design services. It offers a range of 18 to 80-seater buses under categories, such as city application and electric buses. It offers a range of trucks, which include long haul trucks, mining and construction trucks, and distribution trucks. It designs, develops and manufactures defense vehicles for armed forces. It offers Light Vehicles, which include DOST, PARTNER, STiLE and MiTR. It offers power solutions for electric power generation, agricultural harvester combines, earth moving and construction equipment, and marine and other non-automotive applications. It has operations in India, Sri Lanka, Bangladesh, Mauritius, the Middle East and Africa.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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