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Voltas Limited VOLTAS NIFTY_MIDNSE

Consumer Cyclical · Furnishings, Fixtures & Appliances · India
https://www.voltas.com

Voltas Limited operates as an air conditioning and engineering solutions provider primarily in India, the Middle East, Africa, and internationally. It operates through three segments: Unitary Cooling Products; Electro - Mechanical Projects and Services; and Engineering Products and Services. The company manufactures, sells, and services cooling appliances and cold storage products, such as room air conditioners, water dispensers and coolers, visi coolers, chest and convertible freezers, cold rooms, medical refrigeration, air coolers and purifiers, water heaters, ducted AC, variable refrigerant flow, cassette and tower AC, and chillers, as well as refrigerators, washing machines, microwave ovens, dishwashers, dry iron, and mixer grinders. It also offers a comprehensive range of electro-mechanical services, including HVAC (heating, ventilation, and air conditioning), electrical systems, plumbing, firefighting, extra low voltage, and specialized services. In addition, the company provides facilities maintenance services, such as operations and maintenance contracts in various sectors, AMCs, retrofit jobs, etc. Further, it engages in the provision of water treatment solutions for industrial and domestic sewage segments, as well as last mile connectivity of water tab under various government schemes; sale and service of capital machinery for textile industry; sale of spares and accessories for textile equipment; and sale of mining and construction equipment. Additionally, the company offers operations and maintenance services for mining and construction industry; undertakes rural electrification, power augmentation, substations, industrial electrification, and solar projects related to engineering, procurement, and construction. Furthermore, it engages in manufacturing of ducts and ducts accessories; drilling, irrigation, and landscaping activities; and construction of water treatment plants. Voltas Limited was incorporated in 1954 and is headquartered in Mumbai, India.

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₹1,245.70
-0.75% 1Y

Market & Price

Market Cap
₹41,218.31 Cr
Current Price
₹1,245.70
High / Low (52W)
₹1,561.30 / ₹1,220.20
Beta
0.21

Valuation

Stock P/E
109.85
Industry PE
26.67
Forward P/E
37.05
PEG Ratio
-
Book Value
₹191.31
Price to Book
6.51
P/S
2.89
EV/EBITDA
62.95
Dividend Yield
0.32%

Profitability & Returns

ROCE
9.26%
ROE
5.72%
ROA
2.54%
Profit Margin
2.64%
Op Margin
4.09%
EPS (Latest Qtr)
₹3.51
EPS (TTM)
₹11.34

Balance Sheet & Liquidity

Debt/Equity
0.16
Quick Ratio
0.85
Current Ratio
1.37
Debt
₹992.48 Cr
Total Assets
₹14,509.68 Cr
Current Assets
₹10,329.19 Cr
Working Capital
₹2,775.16 Cr

Ownership

Promoter Holding
36.66%
Chg in Prom Hold
-
FII / Inst Holding
43.59%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
₹40,725.21 Cr
Total Revenue (TTM)
₹14,244.50 Cr
EBITDA
₹646.90 Cr
Free Cash Flow
₹51.96 Cr
Operating Cash Flow
₹70.97 Cr
Shares Outstanding
₹33.09 Cr
Gross Margin
22.29%
Payout Ratio
61.62%

Growth (CAGR)

Revenue 5Y
14.54%
Profit 5Y
40.68%
Revenue (YoY)
2.50%
Earnings (YoY)
-51.80%

PROS

  • Compounding revenue at 14.5% over 5 years.
  • Profit CAGR of 40.7% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 109.9.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VOLTAS Voltas Limited NIFTY_MIDNSE 1,245.70 109.85 ₹41,218.31 Cr 0.32% 9.26% 5.72% 14.54% 40.68%
2 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 13,127.00 28.09 ₹4.13 L Cr 1.07% 17.22% 14.43% 16.60% 21.11%
3 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 3,045.60 20.00 ₹3.66 L Cr 1.08% 17.26% 18.75% 18.44% 18.48%
4 TITAN Titan Company Limited NIFTY50NSE 4,074.90 71.43 ₹3.61 L Cr 0.27% 38.43% 37.13% 23.83% 16.00%
5 ETERNAL Eternal Limited NSEAITECH 250.58 626.45 ₹2.30 L Cr - 2.87% 1.19% 97.70% 45.90%
6 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,177.00 35.71 ₹1.97 L Cr 0.98% 26.43% 23.77% 17.47% 23.70%
7 TVSMOTOR TVS Motor Company Limited NSE 3,355.70 52.91 ₹1.59 L Cr 0.36% 28.86% 31.62% 26.91% 31.46%
8 HYUNDAI HYUNDAI MOTOR INDIA LTD NSE 1,924.00 28.82 ₹1.56 L Cr 1.09% 32.62% 29.92% 5.50% 4.87%
9 MOTHERSON Samvardhana Motherson International Limited NSEAI 145.74 39.82 ₹1.53 L Cr 0.41% 11.82% 10.11% 17.10% 37.17%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -4,728.00 Cr3,912.29 Cr2,314.39 Cr3,052.77 Cr4,843.54 Cr
Cost of Revenue -3,745.37 Cr3,079.59 Cr1,764.46 Cr2,344.18 Cr3,881.55 Cr
Gross Profit -982.63 Cr832.70 Cr549.93 Cr708.59 Cr961.99 Cr
Operating Expenses -663.94 Cr672.64 Cr503.94 Cr551.92 Cr761.91 Cr
Operating Income -318.69 Cr160.06 Cr45.99 Cr156.67 Cr200.08 Cr
EBITDA -380.50 Cr234.72 Cr98.50 Cr167.48 Cr227.29 Cr
Interest Expense -23.28 Cr13.53 Cr19.96 Cr31.09 Cr22.20 Cr
Pretax Income -343.17 Cr202.72 Cr54.12 Cr115.77 Cr184.50 Cr
Tax Provision -107.48 Cr62.11 Cr22.62 Cr31.31 Cr71.07 Cr
Net Income -241.02 Cr140.46 Cr34.29 Cr84.95 Cr116.18 Cr
Diluted EPS -7.284.251.032.573.51

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -9,399.37 Cr12,407.36 Cr15,320.45 Cr14,122.99 Cr
Cost of Revenue -7,385.19 Cr9,822.89 Cr11,980.39 Cr11,069.78 Cr
Gross Profit -2,014.18 Cr2,584.47 Cr3,340.06 Cr3,053.21 Cr
Operating Expenses -1,723.35 Cr2,157.10 Cr2,305.66 Cr2,490.41 Cr
Operating Income -290.83 Cr427.37 Cr1,034.40 Cr562.80 Cr
EBITDA -376.35 Cr589.27 Cr1,314.64 Cr727.99 Cr
Interest Expense -29.59 Cr55.88 Cr62.11 Cr86.78 Cr
Pretax Income -307.14 Cr485.80 Cr1,190.75 Cr557.11 Cr
Tax Provision -170.92 Cr237.69 Cr356.47 Cr187.11 Cr
Net Income -135.01 Cr252.00 Cr841.37 Cr375.88 Cr
Diluted EPS 15.234.087.6225.43-

Compounded Sales Growth

5 Years:14.54%
1 Year:2.50%

Compounded Profit Growth

5 Years:40.68%
1 Year:-51.80%

Stock Price Performance

1 Year:-0.75%
6 Months:-8.04%
3 Months:-19.02%
1 Month:-15.53%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -10,279.01 Cr12,035.72 Cr13,152.02 Cr14,509.68 Cr
Current Assets -6,446.49 Cr7,724.64 Cr8,877.92 Cr10,329.19 Cr
Cash & Equivalents -692.72 Cr815.30 Cr649.79 Cr755.10 Cr
Inventory -1,591.97 Cr2,135.38 Cr2,714.81 Cr3,432.85 Cr
Receivables -2,191.85 Cr2,400.31 Cr2,511.47 Cr3,034.95 Cr
Total Liabilities -4,785.29 Cr6,181.51 Cr6,611.72 Cr8,110.63 Cr
Current Liabilities -4,619.54 Cr5,756.38 Cr6,005.50 Cr7,554.03 Cr
Long Term Debt -21.15 Cr228.00 Cr382.28 Cr375.80 Cr
Total Debt -650.58 Cr743.63 Cr891.97 Cr992.48 Cr
Total Equity -5,452.07 Cr5,820.50 Cr6,513.25 Cr6,376.21 Cr
Shares Outstanding -33.09 Cr33.09 Cr33.09 Cr33.09 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -159.38 Cr761.51 Cr-225.15 Cr70.97 Cr
Investing Cash Flow --81.60 Cr-522.36 Cr157.94 Cr281.75 Cr
Financing Cash Flow -55.05 Cr-116.32 Cr-99.71 Cr-262.41 Cr
Capital Expenditure --179.93 Cr-293.05 Cr-208.18 Cr-132.74 Cr
Free Cash Flow --20.55 Cr468.46 Cr-433.33 Cr-61.77 Cr
Net Change in Cash -132.83 Cr122.83 Cr-166.92 Cr90.31 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -21.4%20.8%21.8%21.6%
Operating Margin % -3.1%3.4%6.8%4.0%
Net Margin % -1.4%2.0%5.5%2.7%
ROE % -2.5%4.3%12.9%5.9%
ROCE % -5.1%6.8%14.5%8.1%

Shareholding Pattern

Insiders
36.66%
Institutions
43.59%
Public Float
68.82%

Analyst View

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