Voltas Ltd

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

Voltas Ltd

₹ 1,301 0.69%
19 Apr - 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 Air Conditioners, Air Coolers, and Commercial Refrigeration products etc in B2B & B2C segment. As of Fy23, company has 21% market share in room Acs and 36% in window ACs. It has 25,000+ touchpoints, 64 New RAC SKUs, 51 Voltas Fresh Air Coolers SKUs, 23 New Commercial Refrigeration SKUs.[2]

Website BSE NSE
  • Market Cap ₹ 43,033 Cr.
  • Current Price ₹ 1,301
  • High / Low ₹ 1,392 / 745
  • Stock P/E 79.0
  • Book Value ₹ 217
  • Dividend Yield 0.33 %
  • ROCE 8.86 %
  • ROE 8.27 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.4%

Cons

  • Stock is trading at 5.99 times its book value
  • The company has delivered a poor sales growth of 5.73% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Earnings include an other income of Rs.316 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

Sector: Consumer Durables Industry: Air-conditioners

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,580 2,234 1,462 1,485 1,631 2,522 2,592 1,409 1,423 2,252 2,699 1,344 1,588
1,475 1,963 1,326 1,380 1,490 2,259 2,411 1,335 1,383 2,119 2,522 1,270 1,501
Operating Profit 105 271 136 105 141 262 180 74 40 133 177 75 86
OPM % 7% 12% 9% 7% 9% 10% 7% 5% 3% 6% 7% 6% 5%
76 33 48 50 31 38 27 1,009 33 81 106 72 57
Interest 2 9 1 3 1 9 1 2 2 7 3 5 6
Depreciation 8 7 7 8 9 8 8 9 10 9 10 11 12
Profit before tax 172 288 175 143 162 283 198 1,072 61 198 270 131 125
Tax % 19% 26% 23% 24% 24% 23% 26% 1% 27% 21% 20% 22% 22%
139 215 135 109 123 216 147 1,058 44 157 215 102 97
EPS in Rs 4.21 6.49 4.09 3.29 3.71 6.54 4.43 31.97 1.34 4.73 6.49 3.08 2.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
5,170 5,565 5,151 5,169 5,149 5,410 5,809 6,693 7,207 6,378 7,099 7,675 7,883
4,993 5,379 4,987 4,862 4,926 4,992 5,332 6,307 6,552 5,815 6,454 7,247 7,412
Operating Profit 177 186 164 307 223 419 477 386 655 562 644 428 471
OPM % 3% 3% 3% 6% 4% 8% 8% 6% 9% 9% 9% 6% 6%
85 105 128 166 292 260 233 287 195 220 167 1,149 316
Interest 26 27 16 16 8 10 8 23 9 19 15 12 22
Depreciation 29 22 19 22 19 18 19 20 29 30 33 36 42
Profit before tax 207 243 257 434 488 651 683 631 813 733 763 1,528 723
Tax % 27% 26% 29% 24% 28% 25% 27% 26% 27% 22% 24% 8%
152 180 181 329 349 486 501 464 595 570 583 1,405 571
EPS in Rs 4.59 5.44 5.48 9.95 10.56 14.69 15.15 14.04 17.98 17.24 17.63 42.47 17.24
Dividend Payout % 35% 29% 34% 23% 25% 24% 26% 28% 22% 29% 31% 10%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 2%
TTM: -1%
Compounded Profit Growth
10 Years: 12%
5 Years: 0%
3 Years: -7%
TTM: -1%
Stock Price CAGR
10 Years: 23%
5 Years: 16%
3 Years: 11%
1 Year: 52%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 10%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 33 33 33 33 33 33 33 33 33 33 33 33 33
Reserves 1,331 1,450 1,565 1,806 2,473 2,952 3,481 3,710 4,185 4,952 5,536 6,740 7,155
178 212 193 53 119 69 28 114 88 108 140 315 240
2,232 2,353 2,318 2,355 2,163 2,542 2,934 2,963 3,329 2,884 3,508 2,954 2,416
Total Liabilities 3,773 4,047 4,110 4,248 4,788 5,596 6,476 6,820 7,636 7,977 9,217 10,042 9,844
164 176 175 156 179 206 206 252 300 306 303 437 437
CWIP 4 0 2 4 1 1 3 15 26 9 59 98 150
Investments 467 560 891 1,224 2,034 2,413 2,894 2,626 2,642 3,443 4,125 4,962 5,149
3,138 3,311 3,042 2,864 2,574 2,976 3,372 3,927 4,668 4,218 4,730 4,545 4,107
Total Assets 3,773 4,047 4,110 4,248 4,788 5,596 6,476 6,820 7,636 7,977 9,217 10,042 9,844

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-242 64 334 221 273 290 298 -310 336 571 668 35
84 44 -292 -59 -270 -57 -151 445 -176 -311 -370 -72
-18 -53 -93 -221 -20 -154 -178 -82 -204 -129 -159 -42
Net Cash Flow -177 54 -51 -59 -17 79 -32 53 -45 131 139 -78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 71 77 75 81 75 80 80 76 73 83 78 61
Inventory Days 71 69 65 65 51 70 62 70 99 98 112 92
Days Payable 127 127 132 136 132 157 176 165 175 158 182 132
Cash Conversion Cycle 15 19 8 9 -6 -8 -34 -19 -3 23 8 22
Working Capital Days 39 36 23 16 13 13 12 30 49 51 36 45
ROCE % 26% 16% 16% 23% 19% 24% 21% 17% 21% 16% 14% 9%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30%
17.24% 22.31% 24.42% 26.19% 24.67% 24.37% 21.58% 20.58% 19.08% 17.84% 17.18% 14.71%
33.87% 31.61% 29.76% 27.83% 29.44% 29.43% 31.46% 33.14% 33.63% 35.82% 37.00% 40.36%
0.24% 0.24% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21%
18.34% 15.53% 15.32% 15.47% 15.38% 15.69% 16.45% 15.78% 16.78% 15.84% 15.32% 14.41%
No. of Shareholders 1,58,9891,47,9411,56,7881,71,6201,96,5192,24,2182,61,5012,73,0472,99,2702,80,9422,61,0092,41,794

* 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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