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Ashok Leyland Limited — Bonds

Corporate · Manufacturing

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA
Rating on NSDL record (ICRA, 2022)
No current agency rating on file
Total Debt Outstanding
₹500 Cr
Across 2 instruments
Active Bonds
2
First Issue
17 Mar 2022
Latest Issue
10 Aug 2026
Maturity Range
2027 - 2028
Observation
2 active bonds tracked from this issuer.
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Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
Issuer health card 1 item to look at
  • Current ratings No current agency rating on file; NSDL's debt master records a rating for some bonds, often from the time of issue
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 0 of 2 active bonds had an exchange trade
  • Exchange filings, 90 days 22 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Ashok Leyland Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Manufacturing
Issuer Type
Corporate
First Tracked Bond
17 Mar 2022
Start of this issuer's debt program timeline
  • 2 active bonds tracked from this issuer.
  • 1 of 2 tracked bonds with a stated security status are secured. (based on 2 bonds with a disclosed security status)

Operating in the Manufacturing sector, Ashok Leyland Limited is classified as a corporate issuer. Bond coupons here span 7.30% - 7.50%, paid annually. The maturity ladder spans 2027 - 2028.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
2
Tracked by RetailBonds
Amount Tracked
₹500 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.40%
Range 7.30% - 7.50%
Avg Remaining Tenure
1.1 Yrs
Nearest maturity Mar 2027
Secured
50%
1 of 2 bonds with known status
Callable
1
Of 2 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (1 bond).

0 2027: 1 bond, ₹200 Cr tracked, avg coupon 7.30% 1 bond 2027 2028: 1 bond, ₹300 Cr tracked, avg coupon 7.50% 1 bond 2028

Security Type / Instrument Mix

  • NCD 2 bonds · 100% · ₹500 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹200 Cr issued 2022 2026: ₹300 Cr issued 2026 Cumulative: ₹200 Cr Cumulative: ₹500 Cr

Based on 2 of 2 active bonds with a known issue date and issue size.

Financial Snapshot

FY26
Debt / Equity
0.00
 
Debt Service Coverage (DSCR)
0.10
 
Interest Service Coverage (ISCR)
0.62
 
Revenue from Operations
₹44,007.03 Cr
 
Net Profit / Loss
₹3,565.53 Cr
 
Profit Before Tax
₹4,814.02 Cr
 

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 31 Aug 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 1 bond · 50%
  • Unrated 1 bond · 50%
AgencyRatingOutlookBonds
ICRA AA NSDL record — 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE208A07406 Ashok Leyland 7.30% Mar 2027 NCD 7.30% AA (ICRA, NSDL record 2022) 2027-03-17 — —
INE208A08115 Ashok Leyland 7.50% Aug 2028 NCD 7.50% — 2028-08-10 — —
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YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 1 2022-02-18
Rating Actions History 0 —
Secondary-Market Trades 0 —
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Disclaimer: This page aggregates publicly available data about Ashok Leyland Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.