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Ashok LeylandNSE:ASHOKLEY -0.28%86 Days Inventory is 39.72 as of Mar. 2026, which is 18% below its 10-year median of 48.70. GuruFocus rates NSE:ASHOKLEY with a GF Score™ of 86/100 and a GF Value™ of ₹127.98 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 208 Farm & Heavy Construction Machinery companies, Ashok Leyland ranks better than 91.83% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Ashok Leyland's Average Total Inventories for the
three
months ended in Mar. 2026 was ₹46,718 Mil. Ashok Leyland's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹107,319 Mil.
Hence, Ashok Leyland's Days Inventory for the
three
months ended in Mar. 2026 was 39.72.
The historical rank and industry rank for Ashok Leyland's Days Inventory or its related term are showing as below:
NSE:ASHOKLEY'
s Days Inventory Range Over the Past 10 Years
Min: 37.72 Med: 48.7 Max: 62.63
Current: 47.68
During the past 13 years, Ashok Leyland's highest Days Inventory was 62.63. The lowest was 37.72. And the median was 48.70.
NSE:ASHOKLEY's Days Inventory is ranked better than 91.83% of 208
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 126.87
vs NSE:ASHOKLEY: 47.68
Ashok Leyland's Days Inventory
declined
from Mar. 2025 (40.38) to Mar. 2026 (39.72).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ashok Leyland's Inventory Turnover for the
three
months ended in Mar. 2026 was 2.30.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ashok Leyland's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.27.
Ashok Leyland (NSE:ASHOKLEY) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ashok Leyland's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ashok Leyland's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Ashok Leyland Days Inventory Related Terms
Ashok Leyland Days Inventory Historical Data
* Premium members only.
The historical data trend for Ashok Leyland's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ASHOKLEY vs CAT, DE, PCAR: Days Inventory Comparison
For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ashok Leyland Days Inventory vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ashok Leyland's Days Inventory falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ashok Leyland (NSE:ASHOKLEY) has a Days Inventory of 39.72 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ashok Leyland and its competitors. This is 18% below median its historical median of 48.70. Over the past decade, Ashok Leyland's Days Inventory has ranged from 37.72 to 62.63. According to the industry distribution chart, Ashok Leyland ranks #17 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 8.2%.
Is Ashok Leyland's Days Inventory too high?
Ashok Leyland's current Days Inventory of 39.72 is 18% below median its 10-year median of 48.70. Over the past 10 years, this metric has ranged from a low of 37.72 to a high of 62.63. The Farm & Heavy Construction Machinery industry median Days Inventory is 126.87. Ashok Leyland's value of 39.72 is 68.7% below this industry median. Based on the distribution chart, Ashok Leyland ranks #17 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Ashok Leyland has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashok Leyland's Days Inventory compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ashok Leyland ranks #17 out of 208 companies for Days Inventory. This places Ashok Leyland in the top 8% of its industry — outperforming the majority of peers. The industry median Days Inventory is 126.87. Ashok Leyland's value of 39.72 is 68.7% below this benchmark. Historically, Ashok Leyland's own Days Inventory has ranged from 37.72 to 62.63 over the past decade. While the company's 10-year median is 48.70 vs. the industry median of 126.87, Ashok Leyland has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Farm & Heavy Construction Machinery company?
The median Days Inventory among Farm & Heavy Construction Machinery companies is 126.87, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashok Leyland's current Days Inventory of 39.72 is 68.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ashok Leyland and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Inventory is 126.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashok Leyland's current Days Inventory is 39.72, which is 18% below median its own 10-year median of 48.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashok Leyland stock overvalued right now?
Based on GuruFocus' analysis, Ashok Leyland (NSE:ASHOKLEY) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹127.98, compared to a current price of ₹154.80 — trading 21% above its estimated fair value. The current Days Inventory is 39.72, which is 18% below median its 10-year median of 48.70 and 68.7% below the Farm & Heavy Construction Machinery industry median of 126.87. Ashok Leyland's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Ashok Leyland (NSE:ASHOKLEY), the current Days Inventory is 39.72 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ashok Leyland (NSE:ASHOKLEY) Overvalued in 2026?
Based on GuruFocus' analysis, Ashok Leyland stock appears to be overvalued.
The current stock price of ₹154.80 is trading 21% above its estimated GF Value™ of ₹127.98.
GuruFocus considers Ashok Leyland to be Modestly Overvalued.
Key valuation signals for NSE:ASHOKLEY:
Days Inventory: 39.72 (18% below median its 10-year median of 48.70)
GF Value™: ₹127.98 vs. price of ₹154.80 (21% above fair value)
Industry Position: 68.7% below the Farm & Heavy Construction Machinery median (#17 of 208)
No single metric tells the full story. See the NSE:ASHOKLEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue being derived from commercial vehicle sales. It produces and sells vehicles across different categories such as Trucks, Buses, Light Commercial Vehicles, and Defence. The company's operating segments are; Commercial vehicles, and Financial services. Geographically, it derives the majority revenue within India and the rest from other markets.
86GF Score
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