Voltas Ltd
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. #
The company has 5,000+ Customer sites actively managed across India #
Segment 1: Unitary Cooling Products (36% of Revenue) #
Unitary Cooling products comprises Air Conditioners, Air Coolers, and Commercial Refrigeration products #
As of July 2021, Voltas is no. 2 in the Air Cooler Category with a market share of 10.8%.#
Voltas is No 1 with 26.8% market share as of August 2020 in Room Air Conditioner business#
21.9% market share in Inverter Air Conditioners, #, selling close to 1.45 million room air conditioners with the Inverter AC volumes, contributing close to 52% of the overall AC sales #
- Market Cap ₹ 34,132 Cr.
- Current Price ₹ 1,032
- High / Low ₹ 1,132 / 427
- Stock P/E 76.3
- Book Value ₹ 133
- Dividend Yield 0.39 %
- ROCE 18.2 %
- ROE 13.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.92%
Cons
- Stock is trading at 7.78 times its book value
- The company has delivered a poor sales growth of 8.12% over past five years.
- Company has a low return on equity of 13.87% for last 3 years.
- Earnings include an other income of Rs.215.72 Cr.
Peer comparison
Sector: Diversified Industry: Diversified - Mega
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,048 | 2,148 | 1,421 | 1,492 | 2,063 | 2,654 | 1,422 | 1,493 | 2,090 | 1,297 | 1,613 | 1,995 | |
1,796 | 1,905 | 1,315 | 1,407 | 1,938 | 2,384 | 1,325 | 1,414 | 1,917 | 1,242 | 1,522 | 1,869 | |
Operating Profit | 252 | 243 | 106 | 85 | 125 | 270 | 97 | 79 | 173 | 55 | 91 | 126 |
OPM % | 12% | 11% | 7% | 6% | 6% | 10% | 7% | 5% | 8% | 4% | 6% | 6% |
Other Income | 42 | 29 | 46 | 43 | 57 | 0 | 66 | 54 | 58 | 67 | 38 | 52 |
Interest | 4 | 3 | 6 | 13 | 11 | 4 | 5 | 6 | 6 | 7 | 6 | 3 |
Depreciation | 6 | 6 | 6 | 6 | 6 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Profit before tax | 284 | 263 | 140 | 109 | 166 | 258 | 150 | 119 | 217 | 108 | 115 | 166 |
Tax % | 32% | 29% | 24% | 28% | 14% | 36% | 29% | 26% | 26% | 24% | 31% | 22% |
Net Profit | 194 | 184 | 103 | 81 | 140 | 165 | 106 | 87 | 159 | 81 | 78 | 128 |
EPS in Rs | 5.87 | 5.56 | 3.13 | 2.45 | 4.22 | 4.99 | 3.22 | 2.63 | 4.80 | 2.45 | 2.37 | 3.87 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,326 | 4,757 | 5,191 | 5,186 | 5,531 | 5,266 | 5,183 | 5,720 | 6,033 | 6,404 | 7,124 | 7,658 | 6,994 | |
4,052 | 4,310 | 4,730 | 5,021 | 5,401 | 5,000 | 4,963 | 5,294 | 5,485 | 5,743 | 6,565 | 7,044 | 6,549 | |
Operating Profit | 274 | 448 | 461 | 165 | 130 | 266 | 220 | 425 | 548 | 661 | 559 | 614 | 444 |
OPM % | 6% | 9% | 9% | 3% | 2% | 5% | 4% | 7% | 9% | 10% | 8% | 8% | 6% |
Other Income | 131 | 115 | 100 | 120 | 210 | 122 | 345 | 179 | 213 | 180 | 175 | 183 | 216 |
Interest | 13 | 10 | 17 | 31 | 33 | 23 | 23 | 16 | 16 | 12 | 33 | 21 | 22 |
Depreciation | 21 | 21 | 21 | 34 | 28 | 25 | 28 | 26 | 24 | 24 | 24 | 32 | 33 |
Profit before tax | 371 | 531 | 524 | 219 | 280 | 340 | 514 | 563 | 720 | 805 | 677 | 744 | 605 |
Tax % | 31% | 28% | 33% | 26% | 26% | 28% | 25% | 30% | 28% | 28% | 24% | 30% | |
Net Profit | 251 | 381 | 357 | 162 | 208 | 245 | 384 | 387 | 517 | 572 | 508 | 517 | 446 |
EPS in Rs | 7.60 | 11.51 | 10.80 | 4.90 | 6.28 | 7.42 | 11.62 | 11.70 | 15.64 | 17.30 | 15.35 | 15.63 | 13.49 |
Dividend Payout % | 21% | 17% | 19% | 33% | 25% | 25% | 19% | 22% | 22% | 23% | 26% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 8% |
3 Years: | 8% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 10% |
3 Years: | 2% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 34% |
3 Years: | 18% |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | |
Reserves | 757 | 1,052 | 1,329 | 1,445 | 1,593 | 1,786 | 2,069 | 2,778 | 3,274 | 3,872 | 4,077 | 4,247 | 4,351 |
Borrowings | 181 | 35 | 138 | 225 | 262 | 264 | 122 | 271 | 171 | 142 | 315 | 218 | 430 |
6,630 | 2,261 | 2,643 | 2,454 | 2,676 | 2,660 | 2,662 | 2,788 | 2,991 | 3,249 | 3,091 | 3,657 | 2,660 | |
Total Liabilities | 7,602 | 3,382 | 4,143 | 4,157 | 4,564 | 4,744 | 4,886 | 5,869 | 6,469 | 7,296 | 7,515 | 8,155 | 7,475 |
282 | 283 | 310 | 289 | 300 | 288 | 269 | 276 | 300 | 297 | 343 | 380 | 383 | |
CWIP | 13 | 19 | 1 | 5 | 0 | 2 | 4 | 1 | 1 | 4 | 16 | 26 | 17 |
Investments | 156 | 234 | 269 | 312 | 407 | 732 | 1,094 | 1,975 | 2,268 | 2,754 | 2,386 | 2,343 | 2,144 |
7,150 | 2,845 | 3,563 | 3,551 | 3,857 | 3,721 | 3,519 | 3,617 | 3,901 | 4,242 | 4,771 | 5,405 | 4,931 | |
Total Assets | 7,602 | 3,382 | 4,143 | 4,157 | 4,564 | 4,744 | 4,886 | 5,869 | 6,469 | 7,296 | 7,515 | 8,155 | 7,475 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
99 | 306 | -49 | -267 | 84 | 295 | 311 | 219 | 428 | 325 | -321 | 462 | |
65 | -76 | -19 | 135 | 65 | -285 | -104 | -315 | -73 | -199 | 393 | -210 | |
-7 | -218 | 10 | -27 | -60 | -79 | -236 | 48 | -211 | -181 | -18 | -294 | |
Net Cash Flow | 157 | 12 | -59 | -159 | 89 | -68 | -29 | -47 | 143 | -55 | 53 | -42 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 43% | 50% | 38% | 22% | 16% | 17% | 22% | 19% | 22% | 22% | 17% | 18% |
Debtor Days | 80 | 77 | 75 | 82 | 90 | 93 | 94 | 87 | 88 | 89 | 92 | 87 |
Inventory Turnover | 0.74 | 1.07 | 4.98 | 4.57 | 4.61 | 4.11 | 4.08 | 5.14 | 5.21 | 5.32 | 5.54 | 4.35 |
Documents
Add documentRecent announcements
- Shifting Of Registered Office Of The Registrar And Transfer Agent Of The Company 3 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2013 from nse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse