Ashok LeylandNSE:ASHOKLEY +2.28%86 Dividend Yield % is 2.31% as of Jun. 25, 2026, which is 17% above its 10-year median of 1.97. GuruFocus rates NSE:ASHOKLEY with a GF Score™ of 86/100 and a GF Value™ of ₹129.40 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 140 Farm & Heavy Construction Machinery companies, Ashok Leyland ranks better than 50% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of Ashok Leyland is 2.31%.
The historical rank and industry rank for Ashok Leyland's Dividend Yield % or its related term are showing as below:
NSE:ASHOKLEY'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.36 Med: 1.97 Max: 9.42
Current: 2.31
During the past 13 years, the highest Dividend Yield of Ashok Leyland was 9.42%. The lowest was 0.36%. And the median was 1.97%.
NSE:ASHOKLEY's Dividend Yield % is ranked better than 50% of 140
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.28
vs NSE:ASHOKLEY: 2.31
During the past 12 months, Ashok Leyland's average Dividends Per Share Growth Rate was 212.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 84.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ashok Leyland was 84.20% per year. The lowest was -37.30% per year. And the median was 14.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The historical data trend for Ashok Leyland's Dividend Yield % 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: Dividend Yield % Comparison
For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Ashok Leyland's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Ashok Leyland Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 2.500000
2026-06-03
2026-06-03
2026-06-26
Cash Dividend
semi-annually
INR:INR 1.000000
INR 1.000000
2025-11-18
2025-11-18
2025-12-09
Cash Dividend
semi-annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Ashok Leyland's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
3.5
/
154.91
=
2.26 %
Current Share Price is ₹154.91. Ashok Leyland's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹3.5.
Ashok Leyland's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
5
/
154.91
=
3.23 %
Current Share Price is ₹154.91. Ashok Leyland's Dividends per Share for the forward twelve months is calculated as ₹2.5 * 2 = ₹5.
* 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 Dividend Yield % of 2.31% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Ashok Leyland and its competitors. This is 17% above median its historical median of 1.97. Over the past decade, Ashok Leyland's Dividend Yield % has ranged from 0.36 to 9.42. According to the industry distribution chart, Ashok Leyland ranks #70 out of 140 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 50%.
Is Ashok Leyland's Dividend Yield % too high?
Ashok Leyland's current Dividend Yield % of 2.31% is 17% above median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 9.42. The Farm & Heavy Construction Machinery industry median Dividend Yield % is 2.28. Ashok Leyland's value of 2.31% is 1.3% above this industry median. Based on the distribution chart, Ashok Leyland ranks #70 out of 140 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. 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 Dividend Yield % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ashok Leyland ranks #70 out of 140 companies for Dividend Yield %. This puts Ashok Leyland in the upper half of its industry. The industry median Dividend Yield % is 2.28. Ashok Leyland's value of 2.31% is 1.3% above this benchmark. Historically, Ashok Leyland's own Dividend Yield % has ranged from 0.36 to 9.42 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 2.28, Ashok Leyland has consistently been above 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 Dividend Yield % for a Farm & Heavy Construction Machinery company?
The median Dividend Yield % among Farm & Heavy Construction Machinery companies is 2.28, based on 140 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashok Leyland's current Dividend Yield % of 2.31% is 1.3% above 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Ashok Leyland and its competitors. For the Farm & Heavy Construction Machinery industry, the median Dividend Yield % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashok Leyland's current Dividend Yield % is 2.31%, which is 17% above median its own 10-year median of 1.97. 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 ₹129.40, compared to a current price of ₹154.91 — trading 19.7% above its estimated fair value. The current Dividend Yield % is 2.31%, which is 17% above median its 10-year median of 1.97 and 1.3% above the Farm & Heavy Construction Machinery industry median of 2.28. 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 Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Ashok Leyland (NSE:ASHOKLEY), the current Dividend Yield % is 2.31% as of Jun. 25, 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 ₹154.91 is trading 19.7% above its estimated GF Value™ of ₹129.40.
GuruFocus considers Ashok Leyland to be Modestly Overvalued.
Key valuation signals for NSE:ASHOKLEY:
Dividend Yield %: 2.31% (17% above median its 10-year median of 1.97)
GF Value™: ₹129.40 vs. price of ₹154.91 (19.7% above fair value)
Industry Position: 1.3% above the Farm & Heavy Construction Machinery median (#70 of 140)
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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