Ashok Leyland (NSE:ASHOKLEY) Tax Expense: ₹14,338 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ASHOKLEY Ashok Leyland Ltd NSE:ASHOKLEY
86 GF Score
Price ₹154.80
GF Value ₹127.98
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Ashok Leyland Tax Expense?

Ashok Leyland NSE:ASHOKLEY -0.28% 86 Tax Expense is ₹14,338 Mil as of Mar. 2026. 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.

Ashok Leyland's tax expense for the months ended in Mar. 2026 was ₹5,585 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹14,338 Mil.


Ashok Leyland  (NSE:ASHOKLEY) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Ashok Leyland Tax Expense Related Terms


Ashok Leyland Tax Expense Historical Data

* Premium members only.

The historical data trend for Ashok Leyland's Tax Expense 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.

Ashok Leyland Tax Expense Chart

Ashok Leyland Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 858.60 9,061.10 14,097.30 12,135.40 14,338.10

Ashok Leyland Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,746.60 2,336.90 3,043.10 3,373.50 5,584.60
NSE:ASHOKLEY
86GF Score
Ashok Leyland Ltd NSE:ASHOKLEY
Tax Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ashok Leyland Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹14,338 Mil.

* 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.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of ₹14,338 Mil mean?
Ashok Leyland (NSE:ASHOKLEY) has a Tax Expense of ₹14,338 Mil as of Mar. 2026. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Ashok Leyland and its competitors.
Is Ashok Leyland's Tax Expense too high?
Ashok Leyland's current Tax Expense is ₹14,338 Mil. 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 Tax Expense compare to CAT and DE?
Ashok Leyland's Tax Expense of ₹14,338 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for a Farm & Heavy Construction Machinery company?
A good Tax Expense depends on the Farm & Heavy Construction Machinery industry context. However, Tax Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Ashok Leyland and its competitors. Ashok Leyland's current Tax Expense is ₹14,338 Mil. 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 Tax Expense is ₹14,338 Mil. 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 Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Ashok Leyland (NSE:ASHOKLEY), the current Tax Expense is ₹14,338 Mil 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:

  • Tax Expense: ₹14,338 Mil
  • GF Value™: ₹127.98 vs. price of ₹154.80 (21% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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 Business Description

Other Exchanges 500477:India
Address No. 1, Sardar Patel Road, Guindy, Chennai, TN, IND, 600032
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

Get the complete analysis for NSE:ASHOKLEY

Tax Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹154.80
Price
₹127.98
GF Value