Ashok Leyland (NSE: ASHOKLEY) and Tata Motors Ltd. (NSE: TMCV) are both listed in the Commercial Vehicles industry. Ashok Leyland has a market capitalisation of ₹87,638 Cr and Tata Motors ₹1,47,827 Cr, as of 9 Nov 2026. Their P/E ratios are 25.2 and 48.8 respectively. Return on equity is 21.64% for Ashok Leyland and 26.05% for Tata Motors.
| Metric | Ashok Leyland | Tata Motors |
|---|---|---|
| NSE Symbol | ASHOKLEY | TMCV |
| BSE Code | 500477 | 544569 |
| Share Price | ₹174.86 | ₹436.90 |
| Market Cap | ₹87,638 Cr | ₹1,47,827 Cr |
| P/E Ratio | 25.2 | 48.8 |
| Return on Equity | 21.64% | 26.05% |
| Return on Assets | 7.52% | 9.23% |
| Dividend Yield | 5.03% | 1.00% |
| Beta (1Y) | 0.98 | 0.89 |
| 1-Year Price Change | +25.1% | — |
| 3-Month Price Change | +0.5% | -3.0% |
| 52-Week Range | ₹138.03 – ₹215.42 | ₹306.30 – ₹509.00 |
| Latest Quarter | Q1 FY27 | Q2 FY27 |
| Quarterly Revenue | ₹13,070 Cr | ₹25,338 Cr |
| Quarterly Net Profit | ₹662 Cr | ₹1,254 Cr |
| Net Margin | 5.1% | 4.9% |
| EPS (Basic, Quarter) | ₹1.05 | ₹3.41 |
| Results Basis | consolidated | consolidated |
| Headquarters | Chennai, Tamil Nadu | Mumbai, Maharashtra |
The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.
Ashok Leyland Limited, together with its subsidiaries, engages in the manufacture and sale of commercial vehicles in India and internationally. It offers buses; haulage and ICV trucks, as well as tractors and tippers; light commercial vehicles goods carriers and passenger, as well as small commercial vehicles goods carriers; and defense vehicles comprising logistics, high mobility, armored, and specialist vehicles. The company also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts; and vehicle and housing financing ser…
Tata Motors Limited engages in the manufacturing of commercial vehicles. It offers utility vehicles, pick-ups, trucks, and buses. The company operates in India and South Korea, as well as international presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries. The company was formerly known as TML Commercial Vehicles Limited and changed its name to Tata Motors Limited in October 2025. Tata Motors Limited was incorporated in 2024 and is based in Mumbai, India.
Tata Motors has a market capitalisation of ₹1,47,827 Cr, against ₹87,638 Cr for Ashok Leyland as of 9 Nov 2026, about 1.7 times the size by market cap.
Ashok Leyland has a P/E of 25.2 and Tata Motors a P/E of 48.8 as of 9 Nov 2026.
Ashok Leyland has a return on equity of 21.64% and Tata Motors 26.05%.
Ashok Leyland reported revenue of ₹13,070 Cr and net profit of ₹662 Cr for Q1 FY27. Tata Motors reported revenue of ₹25,338 Cr and net profit of ₹1,254 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.
Both are classified under Machinery > Construction Machinery and Heavy Transportation Equipment > Commercial Vehicles on FinBizNet.
No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.