3 Trucks and Buses Maker, IT Services Company and Innerwear Brand Company Stocks With a Strong Future Roadmap: Ashok Leyland, LTM and Dollar Industries
- November 12, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Ashok Leyland, LTM and Dollar Industries: ROE of 11.3% to 24.4% and FY22 to FY26 revenue CAGR of 8.7% to 21.3%. Prices as of 11 Nov 2026.
Quick Answer
The three truck maker, IT services and innerwear stocks to watch are Ashok Leyland, LTM and Dollar Industries. Their return on equity ranges from 11.3% to 24.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.7% to 21.3%. Ashok Leyland leads on both return on equity at 24.4% and revenue growth at 21.3% a year. Prices are based on the 11 November 2026 close, and this article is educational, not investment advice.
Truck maker, IT services and innerwear stocks offer a focused view of a sector where demand keeps widening. Ashok Leyland, LTM and Dollar Industries cover a trucks and buses maker, an IT services company and an innerwear brand company.
This list covers three truck maker, IT services and innerwear stocks with complete current figures: Ashok Leyland, LTM and Dollar Industries. Every figure comes from the latest reported financials and the 11 November 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Truck Maker, IT Services and Innerwear Stocks?
Truck maker, IT services and innerwear stocks are listed companies that build trucks, buses and defence vehicles, provide IT and engineering services to global clients, and sell innerwear, athleisure and winterwear under well known brands. Their earnings depend on fleet additions, client technology budgets and household spending.
Truck Maker, IT Services and Innerwear Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Ashok Leyland | 173.9 | 85,729 | 23.0 | 23.4 | 24.4 | 4.49 |
| LTM | 4,224.8 | 120,479 | 23.2 | 17.6 | 20.2 | 0.09 |
| Dollar Industries | 269.72 | 1,489 | 13.3 | 35.2 | 11.3 | 0.31 |
On valuation, Ashok Leyland and Dollar Industries trade at a P/E below the industry P/E, while LTM trades above it, which reflects the growth the market already expects. Readers comparing truck maker, IT services and innerwear stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Truck Maker, IT Services and Innerwear Stocks Have a Strong Roadmap in India?
Truck maker, IT services and innerwear stocks have a strong roadmap in India because growing freight and passenger fleets, steady enterprise technology spending and rising spending on branded apparel keep widening the market for these companies.
- Trucks and buses. Freight and passenger fleets keep growing.
- IT services. Clients invest in digital engineering.
- Innerwear. Shoppers prefer trusted brands.
Why Ashok Leyland Features Among These Truck Maker, IT Services and Innerwear Stocks
Among the truck maker, IT services and innerwear stocks on this list, Ashok Leyland is a Chennai-based commercial vehicle maker, producing trucks, buses, light commercial vehicles, defence vehicles and engines for domestic and export customers.
Revenue rose from Rs 26,324 crore in FY22 to Rs 56,947 crore in FY26, a compound annual growth rate of 21.3%. Net profit grew from Rs 1,359 crore in FY23 to Rs 3,721 crore in FY26, which works out to a compound annual growth rate of 39.9%.
In the June 2026 quarter, revenue grew 12.3% year on year to Rs 13,258 crore, while net profit rose 1.5% to Rs 668 crore. The company has a return on equity of 24.4%, a debt to equity ratio of 4.49 and a market capitalisation of Rs 85,729 crore. The stock trades at a P/E of 23.0, below the industry P/E of 23.4.
Roadmap: The company is growing in light commercial vehicles and electric buses and is widening its presence in export markets. Rising freight activity and fleet replacement support steady demand for its trucks and buses.
What to watch: Track commercial vehicle demand, order wins for buses and export progress.
Why LTM Features Among These Truck Maker, IT Services and Innerwear Stocks
Among the commercial vehicle, software and apparel shares on this list, LTM, formerly LTIMindtree, is a Mumbai-based global technology consulting and digital solutions company that serves banking, insurance, manufacturing, healthcare and other industries.
Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%.
The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P/E of 23.2, above the industry P/E of 17.6.
Roadmap: The company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. Its link with the Larsen and Toubro group helps it reach large enterprise customers.
What to watch: Track deal wins, client additions and utilisation levels.
Why Dollar Industries Features Among These Truck Maker, IT Services and Innerwear Stocks
Among the three companies on this list, Dollar Industries is a Kolkata-based innerwear and athleisure company that sells under brands such as Big Boss, Force NXT, Missy and Dollar Bigboss.
The company has a return on equity of 11.3%, a debt to equity ratio of 0.31 and a market capitalisation of Rs 1,489 crore. The stock trades at a P/E of 13.3, below the industry P/E of 35.2.
Revenue rose from Rs 1,349 crore in FY22 to Rs 1,885 crore in FY26, a compound annual growth rate of 8.7%. Net profit grew from Rs 52.5 crore in FY23 to Rs 107 crore in FY26, which works out to a compound annual growth rate of 26.9%. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 406 crore, while net profit rose 20.4% to Rs 26.2 crore.
Roadmap: The company has a wide distribution network across the country and has widened its range into women’s wear and athleisure. Brand extensions and a growing share of premium products support its plans.
What to watch: Track the growth in premium categories and the distributor network expansion.
Ashok Leyland vs LTM vs Dollar Industries on Key Financials
The table below sets the three truck maker, IT services and innerwear stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Ashok Leyland | 26,324 | 56,947 | 21.3% | 3,721 | 6.5% |
| LTM | 26,874 | 43,402 | 12.7% | 4,983 | 11.5% |
| Dollar Industries | 1,349 | 1,885 | 8.7% | 107 | 5.7% |
Ashok Leyland posts the highest return on equity in this group at 24.4%. Ashok Leyland combines the largest FY26 revenue at Rs 56,947 crore with the fastest revenue growth, a 21.3% compound annual rate. A useful habit with truck maker, IT services and innerwear stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Truck Maker, IT Services and Innerwear Stocks
Every theme carries risks that deserve a check before any decision. For these truck maker, IT services and innerwear stocks, the main points are: Long-term commercial vehicle, software and apparel shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Production cycles. Vehicle output can vary with demand.
- Client budgets. Spending can vary with global conditions.
- Consumer spending. Sales follow festivals, incomes and consumer mood.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter truck maker, IT services and innerwear stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Truck Maker, IT Services and Innerwear Stocks
Truck maker, IT services and innerwear stocks reward patient research into demand, execution and financial strength. Ashok Leyland, LTM and Dollar Industries each have a clear plan to grow. Based on the 11 November 2026 close, Ashok Leyland trades at Rs 173.9, LTM at Rs 4,224.8 and Dollar Industries at Rs 269.72.
Download the Univest iOS App or Univest Android App to track truck maker, IT services and innerwear stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are truck maker, IT services and innerwear stocks?
Ans. Truck maker, IT services and innerwear stocks are listed companies that build trucks, buses and defence vehicles, provide IT and engineering services to global clients, and sell innerwear, athleisure and winterwear under well known brands. Their earnings depend on fleet additions, client technology budgets and household spending. This list looks at three of them, Ashok Leyland, LTM and Dollar Industries, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.
Which truck maker, IT services and innerwear stocks are covered in this list?
Ans. This list covers Ashok Leyland, LTM and Dollar Industries. Based on the 11 November 2026 close, Ashok Leyland traded at Rs 173.9, LTM at Rs 4,224.8 and Dollar Industries at Rs 269.72. Their return on equity ranges from 11.3% to 24.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.7% to 21.3%.
Why do truck maker, IT services and innerwear stocks have a strong future roadmap in India?
Ans. Truck maker, IT services and innerwear stocks have a strong roadmap in India because growing freight and passenger fleets, steady enterprise technology spending and rising spending on branded apparel keep widening the market for these companies. The main drivers are as follows. Trucks and buses. Freight and passenger fleets keep growing. IT services. Clients invest in digital engineering. Innerwear. Shoppers prefer trusted brands. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Ashok Leyland performed financially?
Ans. Revenue rose from Rs 26,324 crore in FY22 to Rs 56,947 crore in FY26, a compound annual growth rate of 21.3%. Net profit grew from Rs 1,359 crore in FY23 to Rs 3,721 crore in FY26, which works out to a compound annual growth rate of 39.9%. In the June 2026 quarter, revenue grew 12.3% year on year to Rs 13,258 crore, while net profit rose 1.5% to Rs 668 crore. The company has a return on equity of 24.4%, a debt to equity ratio of 4.49 and a market capitalisation of Rs 85,729 crore. The stock trades at a P/E of 23.0, below the industry P/E of 23.4. Looking ahead, the company is growing in light commercial vehicles and electric buses and is widening its presence in export markets. Rising freight activity and fleet replacement support steady demand for its trucks and buses.
How has LTM performed financially?
Ans. Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%. The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P/E of 23.2, above the industry P/E of 17.6. Looking ahead, the company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. Its link with the Larsen and Toubro group helps it reach large enterprise customers.
How has Dollar Industries performed financially?
Ans. Revenue rose from Rs 1,349 crore in FY22 to Rs 1,885 crore in FY26, a compound annual growth rate of 8.7%. Net profit grew from Rs 52.5 crore in FY23 to Rs 107 crore in FY26, which works out to a compound annual growth rate of 26.9%. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 406 crore, while net profit rose 20.4% to Rs 26.2 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.31 and a market capitalisation of Rs 1,489 crore. The stock trades at a P/E of 13.3, below the industry P/E of 35.2. Looking ahead, the company has a wide distribution network across the country and has widened its range into women’s wear and athleisure. Brand extensions and a growing share of premium products support its plans.
What risks should investors check before buying truck maker, IT services and innerwear stocks?
Ans. Investors should check a few risks before buying truck maker, IT services and innerwear stocks. Production cycles. Vehicle output can vary with demand. Client budgets. Spending can vary with global conditions. Consumer spending. Sales follow festivals, incomes and consumer mood. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of truck maker, IT services and innerwear stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 11 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
