अFunda Observatory

MAZAGON DOCK SHIPBUILDERS LTD vs ASHOK LEYLAND LTD

MAZDOCK and ASHOKLEY, both in Trucks/Construction/Farm Machinery. Monthly data through 2026-10-14. Change the comparison →

Price, rebased to 100

Share price change since Oct '20, the first month all 2 have a price: MAZDOCK +2448%, ASHOKLEY +292%.

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

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

ROCE

5.0%18.0%31.0%44.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '265.0%18.0%31.0%44.0%Jan '19Aug '21Mar '24Oct '26
MAZAGON DOCK SHIPBUILDERS LTD (MAZDOCK)ASHOK LEYLAND LTD (ASHOKLEY)

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.

MAZDOCK Net profit growth: +141 pts+141 ptsP/E change: -25 pts-25 pts +116% ASHOKLEY Net profit growth: +136 pts+136 ptsShare count change: +3 ptsP/E change: -62 pts-62 pts +78%
Net profit growthShare count changeP/E changeUnexplained

MAZDOCK: share price rose 116% over 3 years: +141 pts from net profit growth, −25 pts from the P/E change.

ASHOKLEY: share price rose 78% over 3 years: +136 pts from net profit growth, −62 pts from the P/E change, +3 pts from share count 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).

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

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

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

Latest snapshot

MetricMAZDOCKASHOKLEY
Share Price₹2125.00₹144.99
Market Cap₹85738 cr₹85176 cr
P/E30.0x24.5x
P/B8.8x6.0x
P/S6.4x1.5x
ROCE36.0%14.0%
ROE29.3%24.4%
Operating margin15.0%18.0%
Revenue (TTM), indexed to 100₹13323 cr₹57723 cr
Net Profit (TTM)₹2853 cr₹3731 cr
Debt / Equity0.0x4.5x
Cash Conversion Cycle-20d-30d
Promoter holding81.2%51.5%
FII Holding1.7%20.7%
DII Holding5.0%15.8%
12M momentum-22.1%2.4%
Drawdown from Peak-38.9%-31.3%
Cash conversion (3Y)0.0x-1.1x
Interest cover53.0x2.1x
Share Count Change (1Y)0.0%-0.2%
Volatility (1Y)33.9%36.8%

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.