ICRA reaffirms Ashok Leyland at A1, outlook Stable
Ashok Leyland (ASHOKLEY) said ICRA has reaffirmed its credit rating at A1 with a stable outlook. The company is valued at about ₹85,206 crore.
What happened
In a filing with the BSE on 9 October 2026 at 03:37 PM, Ashok Leyland (ASHOKLEY) said that ICRA has reaffirmed its credit rating at A1 with a stable outlook.
From the filing: "Type of instrument Rated Amount (in Crores) Rating Action Commercial paper 2000.00 [ICRA]A1+;"
Company snapshot
Ashok Leyland is a mid-cap company in the Capital Goods sector, with a market value of about ₹85,206 crore.
The stock last traded at ₹145.1, against a 52-week range of ₹134.2–₹215.4 (32.7% below the high).
Before this filing the shares had moved −12.2% over the month and −3.9% over three months. Average daily turnover over the last 20 sessions was about ₹184 crore.
Promoters held 51.51% at the end of Q1 FY27; 40.10% of promoter shares were pledged. Foreign institutions owned 20.68% and domestic institutions 15.76%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 11,709 | 611.1 | 1.04 |
| Q2 FY26 | 12,577 | 755.8 | 1.29 |
| Q3 FY26 | 14,830 | 813.5 | 1.38 |
| Q4 FY26 | 17,246 | 1,290.7 | 2.2 |
| Q1 FY27 | 13,070 | 615.8 | 1.05 |
What history shows
This is not the company's first credit rating disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
Across 81 similar disclosures by other Capital Goods companies, shares moved +0.3% on average the next day and +0.2% over five days; 48% of them rose the next day.
Market-wide, 1,252 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Ashok Leyland, Switch Mobility become first OEMs to join Centre’s vehicle replacement scheme for Delhi-NCR
- Ashok Leyland September sales jump 28% to 24,049 units, trucks up 44%
- ASHOKLEY Outlook for the Week
- Ashok Leyland stock faces a margin test after 28 percent sales growth
- Ashok Leyland September sales rise 29% to 22,157 units
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.