Voltas Ltd

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

Voltas Ltd

₹ 1,316 -0.97%
01 Feb 11:45 a.m.
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

Leadership[1]

<h1>1 Room AC Brand in India</h1>
Website BSE NSE
  • Market Cap ₹ 43,528 Cr.
  • Current Price ₹ 1,316
  • High / Low ₹ 1,531 / 1,172
  • Stock P/E 83.9
  • Book Value ₹ 192
  • Dividend Yield 0.53 %
  • ROCE 17.6 %
  • ROE 13.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 68.0%

Cons

  • Stock is trading at 6.83 times its book value
  • Company has a low return on equity of 7.67% over last 3 years.
  • Earnings include an other income of Rs.249 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 BSE Dollex 200 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
2,006 2,957 3,360 2,293 2,626 4,203 4,921 2,619 3,105 4,768 3,939 2,347 3,071
1,962 2,767 3,206 2,256 2,633 4,051 4,527 2,489 2,940 4,467 3,786 2,313 2,926
Operating Profit 44 190 154 37 -8 152 394 130 165 301 153 34 145
OPM % 2% 6% 5% 2% -0% 4% 8% 5% 5% 6% 4% 1% 5%
-107 47 70 71 58 54 80 105 59 80 82 65 22
Interest 6 12 10 11 14 21 10 14 16 23 14 20 31
Depreciation 11 10 11 12 13 12 13 16 18 14 18 24 21
Profit before tax -80 214 203 85 24 174 452 205 191 343 203 54 116
Tax % 37% 33% 36% 58% 216% 36% 26% 35% 31% 31% 31% 42% 27%
-110 143 129 36 -28 111 335 133 131 236 141 32 84
EPS in Rs -3.34 4.35 3.91 1.11 -0.92 3.52 10.10 4.05 3.99 7.28 4.24 1.04 2.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
5,266 5,183 5,720 6,033 6,404 7,124 7,658 7,556 7,934 9,499 12,481 15,413 14,124
5,000 4,773 5,376 5,484 5,742 6,564 7,040 6,975 7,362 9,045 12,145 14,423 13,492
Operating Profit 266 411 344 549 663 560 618 580 572 454 336 990 632
OPM % 5% 8% 6% 9% 10% 8% 8% 8% 7% 5% 3% 6% 4%
121 154 261 212 178 174 179 189 188 -77 253 324 249
Interest 23 23 16 16 12 33 21 26 26 30 56 62 88
Depreciation 25 28 26 24 24 24 32 34 37 40 48 62 78
Profit before tax 340 514 563 720 805 677 744 709 697 307 486 1,191 716
Tax % 28% 25% 30% 28% 28% 24% 30% 25% 27% 56% 49% 30%
246 388 393 520 578 514 521 529 506 136 248 834 492
EPS in Rs 7.42 11.62 11.70 15.64 17.30 15.35 15.63 15.87 15.23 4.08 7.62 25.43 15.13
Dividend Payout % 25% 19% 22% 22% 23% 26% 26% 32% 36% 104% 72% 28%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 25%
TTM: -5%
Compounded Profit Growth
10 Years: 9%
5 Years: 9%
3 Years: 18%
TTM: -28%
Stock Price CAGR
10 Years: 17%
5 Years: 6%
3 Years: 17%
1 Year: 0%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 33 33 33 33 33 33 33 33 33 33 33 33 33
Reserves 1,786 2,069 2,778 3,274 3,872 4,077 4,247 4,960 5,466 5,419 5,787 6,480 6,336
264 122 271 171 142 315 219 261 361 651 744 892 1,755
2,660 2,662 2,788 2,991 3,249 3,091 3,657 3,402 3,874 4,171 5,430 5,702 4,751
Total Liabilities 4,744 4,886 5,869 6,469 7,296 7,515 8,156 8,655 9,734 10,274 11,994 13,108 12,875
288 269 276 300 297 343 380 388 384 525 548 973 984
CWIP 2 4 1 1 4 16 26 9 59 98 368 82 75
Investments 732 1,094 1,975 2,268 2,754 2,386 2,343 3,046 3,615 3,109 3,508 3,243 2,940
3,721 3,519 3,617 3,901 4,242 4,771 5,406 5,212 5,676 6,542 7,571 8,809 8,876
Total Assets 4,744 4,886 5,869 6,469 7,296 7,515 8,156 8,655 9,734 10,274 11,994 13,108 12,875

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
295 311 219 428 325 -321 462 556 584 159 762 -224
-285 -104 -315 -73 -199 393 -210 -256 -365 -82 -522 158
-79 -236 48 -211 -181 -18 -294 -122 -107 55 -116 -100
Net Cash Flow -68 -29 -47 143 -55 53 -42 179 113 133 123 -166

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 93 94 87 88 89 92 87 87 97 84 70 59
Inventory Days 85 88 65 78 65 76 97 84 103 79 79 83
Days Payable 154 156 156 172 174 165 177 161 182 149 140 119
Cash Conversion Cycle 24 26 -4 -6 -19 3 7 9 18 14 9 24
Working Capital Days 25 27 21 25 32 41 49 47 38 31 18 43
ROCE % 17% 22% 19% 22% 22% 17% 18% 15% 13% 10% 9% 18%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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%
20.58% 19.08% 17.84% 17.18% 14.71% 15.08% 18.09% 21.31% 21.95% 21.16% 20.26% 18.41%
33.14% 33.63% 35.82% 37.00% 40.36% 40.19% 37.25% 34.39% 32.99% 33.15% 35.62% 37.74%
0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.14%
15.78% 16.78% 15.84% 15.32% 14.41% 14.22% 14.16% 13.78% 14.53% 15.17% 13.61% 13.40%
No. of Shareholders 2,73,0472,99,2702,80,9422,61,0092,41,7942,47,7752,35,0152,39,1302,85,6423,21,3482,84,3552,68,704

* 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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