Ifad Autos

DSE: IFADAUTOS

Automotive · Ifad Group

Ifad Autos, part of the Ifad Group, assembles and sells commercial vehicles in Bangladesh, notably Ashok Leyland trucks and buses, and operates in the broader automotive and after-sales market.

Business: Assembly, distribution, and sale of commercial vehicles (trucks, buses) under the Ashok Leyland brand, plus vehicle bodies, spare parts, and after-sales service; the parent Ifad Group has interests in food and other manufacturing.

Market data

Market capitalisation

6,545 mn BDT

Paid-up capital

2,683 mn BDT

Outstanding shares

268,253,911

Last price

24.0 BDT

Listed

2015

Market category

B

Source: Dhaka Stock Exchange, fetched 2026-05

Policy exposure

B-category listing and a share price near par despite a sizable outstanding-share base. Persistent below-par trading raises questions about earnings quality and dividend discipline that the regulator monitors. Source: Dhaka Stock Exchange, fetched 2026-05

Commercial-vehicle assembly depends on imported CKD/SKD kits and a foreign brand (Ashok Leyland) partnership. Vehicle-import tariff structure and forex access determine assembly margins and consumer truck/bus prices, with knock-on effects for freight and transport costs. Source: analysis

Demand for commercial vehicles is tightly tied to the credit cycle and infrastructure spending. Monetary tightening and any pullback in public infrastructure investment transmit quickly to this segment's sales and to its loan book. Source: analysis