ASHOK LEYLAND LTD vs MAZAGON DOCK SHIPBUILDERS LTD

ASHOKLEY and MAZDOCK, both in Trucks/Construction/Farm Machinery. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Oct '20, the first month all 2 have a price: ASHOKLEY +292%, MAZDOCK +2310%.

100145728144171Oct '20Jan '22Apr '23Jul '24Oct '25Oct '26100145728144171Oct '20Oct '22Oct '24Oct '26

Rebased at 2020-10. Monthly closes from each company's history.

ROCE

-1.0%16.3%33.7%51.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '26-1.0%16.3%33.7%51.0%Jan '19Aug '21Mar '24Oct '26
ASHOK LEYLAND LTD (ASHOKLEY)MAZAGON DOCK SHIPBUILDERS LTD (MAZDOCK)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

ASHOKLEY Net profit growth: +129 pts+129 ptsP/E change: -51 pts-51 pts +78% MAZDOCK Net profit growth: +125 pts+125 ptsShare count change: +0 ptsP/E change: -21 pts-21 pts +104%
Net profit growthShare count changeP/E changeUnexplained

ASHOKLEY: share price rose 78% over 3 years: +129 pts from net profit growth, −51 pts from the P/E change.

MAZDOCK: share price rose 104% over 3 years: +125 pts from net profit growth, −21 pts from the P/E change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

ASHOK LEYLAND LTD (ASHOKLEY) · Producer Manufacturing

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

MAZAGON DOCK SHIPBUILDERS LTD (MAZDOCK) · Producer Manufacturing

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricASHOKLEYMAZDOCK
Share Price₹145.06₹2010.00
Market Cap₹85157 cr₹81080 cr
P/E23.8x32.1x
P/B6.5x9.2x
P/S1.9x6.2x
ROCE38.0%41.0%
ROE27.3%28.6%
Operating margin10.0%16.0%
Revenue (TTM), indexed to 100₹44916 cr₹12985 cr
Net Profit (TTM)₹3581 cr₹2526 cr
Debt / Equity0.1x0.0x
Cash Conversion Cycle-32d-24d
Promoter holding51.5%81.2%
FII Holding20.7%1.7%
DII Holding15.8%5.0%
12M momentum2.5%-26.4%
Drawdown from Peak-31.3%-42.2%
Cash conversion (3Y)1.6x0.0x
Interest cover29.5x57.1x
Share Count Change (1Y)99.7%0.0%
Volatility (1Y)36.8%33.6%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.