Voltas Ltd

Voltas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Voltas Ltd

₹ 1,374 1.08%
29 Aug - close price
voltas.com BSE: 500575 NSE: VOLTAS
About

Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.

Voltas was created 6 decades ago when Tata Sons joined hands with a swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management. [1]
The company has 5,000+ Customer sites actively managed across India [2]

Key Points

Unitary Cooling Products(UCP) [1]
Unitary Cooling products comprises Room Air
Conditioners (RAC), Air Coolers, Air Purifiers, Water Heaters, Water Dispensers, Water Coolers, Visi Coolers, Chest Freezers, Cold Rooms & Medical Refrigeration.
As of Q1FY25, company has 21.2% market share in room Acs and 36% in window ACs. It has 30,000+ touchpoints, 330+ EBOs and 5 Experience Zones. The company sold 1 mn units in 88 days. [2]

Website BSE NSE
  • Market Cap ₹ 45,447 Cr.
  • Current Price ₹ 1,374
  • High / Low ₹ 1,946 / 1,135
  • Stock P/E 70.9
  • Book Value ₹ 246
  • Dividend Yield 0.51 %
  • ROCE 12.7 %
  • ROE 9.79 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.3%

Cons

  • Stock is trading at 5.59 times its book value
  • Company has a low return on equity of 8.90% over last 3 years.
  • Earnings include an other income of Rs.403 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Household Appliances

Part of BSE 500 BSE Consumer Durables BSE 200 Nifty 500 BSE MidCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
2,592 1,409 1,423 2,252 2,699 1,344 1,588 3,057 3,920 1,705 2,035 3,635 3,081
2,411 1,335 1,383 2,119 2,522 1,270 1,501 2,873 3,627 1,621 1,928 3,393 2,967
Operating Profit 180 74 40 133 177 75 86 184 293 84 107 242 115
OPM % 7% 5% 3% 6% 7% 6% 5% 6% 7% 5% 5% 7% 4%
27 1,009 33 81 106 72 57 65 150 99 63 89 152
Interest 1 2 2 7 3 5 6 6 3 7 7 17 8
Depreciation 8 9 10 9 10 11 12 10 12 15 16 13 17
Profit before tax 198 1,072 61 198 270 131 125 232 427 161 146 301 242
Tax % 26% 1% 27% 21% 20% 22% 22% 18% 21% 33% 26% 27% 16%
147 1,058 44 157 215 102 97 190 339 109 108 220 203
EPS in Rs 4.43 31.97 1.34 4.73 6.49 3.08 2.94 5.75 10.25 3.29 3.27 6.66 6.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
5,151 5,169 5,149 5,410 5,809 6,693 7,207 6,378 7,099 7,675 8,688 11,296 10,457
4,987 4,862 4,926 4,992 5,332 6,307 6,552 5,815 6,454 7,247 8,165 10,570 9,909
Operating Profit 164 307 223 419 477 386 655 562 644 428 522 726 547
OPM % 3% 6% 4% 8% 8% 6% 9% 9% 9% 6% 6% 6% 5%
128 166 292 260 233 287 195 220 167 1,149 300 401 403
Interest 16 16 8 10 8 23 9 19 15 12 21 35 39
Depreciation 19 22 19 18 19 20 29 30 33 36 43 56 61
Profit before tax 257 434 488 651 683 631 813 733 763 1,528 758 1,036 850
Tax % 29% 24% 28% 25% 27% 26% 27% 22% 24% 8% 20% 25%
181 329 349 486 501 464 595 570 583 1,405 604 777 641
EPS in Rs 5.48 9.95 10.56 14.69 15.15 14.04 17.98 17.24 17.63 42.47 18.26 23.48 19.37
Dividend Payout % 34% 23% 25% 24% 26% 28% 22% 29% 31% 10% 30% 30%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 17%
TTM: 6%
Compounded Profit Growth
10 Years: 9%
5 Years: 4%
3 Years: 9%
TTM: -12%
Stock Price CAGR
10 Years: 18%
5 Years: 16%
3 Years: 11%
1 Year: -23%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 33 33 33 33 33 33 33 33 33 33 33 33
Reserves 1,565 1,806 2,473 2,952 3,481 3,710 4,185 4,952 5,536 6,740 7,465 8,099
193 53 119 69 28 114 88 108 140 315 430 589
2,318 2,355 2,163 2,542 2,934 2,963 3,329 2,884 3,508 2,954 3,841 3,990
Total Liabilities 4,110 4,248 4,788 5,596 6,476 6,820 7,636 7,977 9,217 10,042 11,770 12,712
175 156 179 206 206 252 300 306 303 437 455 883
CWIP 2 4 1 1 3 15 26 9 59 98 368 82
Investments 891 1,224 2,034 2,413 2,894 2,626 2,642 3,443 4,125 4,962 5,370 5,390
3,042 2,864 2,574 2,976 3,372 3,927 4,668 4,218 4,730 4,545 5,578 6,356
Total Assets 4,110 4,248 4,788 5,596 6,476 6,820 7,636 7,977 9,217 10,042 11,770 12,712

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
334 221 273 290 298 -310 336 571 668 35 419 24
-292 -59 -270 -57 -151 445 -176 -311 -370 -72 -244 17
-93 -221 -20 -154 -178 -82 -204 -129 -159 -42 -56 -62
Net Cash Flow -51 -59 -17 79 -32 53 -45 131 139 -78 119 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 75 81 75 80 80 76 73 83 78 61 72 55
Inventory Days 65 65 51 70 62 70 99 98 112 92 110 108
Days Payable 132 136 132 157 176 165 175 158 182 132 141 107
Cash Conversion Cycle 8 9 -6 -8 -34 -19 -3 23 8 22 40 56
Working Capital Days 10 12 4 9 10 23 45 51 29 32 38 51
ROCE % 16% 23% 19% 24% 21% 17% 21% 16% 14% 9% 10% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30%
24.37% 21.58% 20.58% 19.08% 17.84% 17.18% 14.71% 15.08% 18.09% 21.31% 21.95% 21.16%
29.43% 31.46% 33.14% 33.63% 35.82% 37.00% 40.36% 40.19% 37.25% 34.39% 32.99% 33.15%
0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21%
15.69% 16.45% 15.78% 16.78% 15.84% 15.32% 14.41% 14.22% 14.16% 13.78% 14.53% 15.17%
No. of Shareholders 2,24,2182,61,5012,73,0472,99,2702,80,9422,61,0092,41,7942,47,7752,35,0152,39,1302,85,6423,21,348

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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