Voltas
Market cap ₹31,434 Cr
- P/E
- 70.01
- Day range
- ₹939.20 – ₹993.90
- 52-week range
- ₹939.20 – ₹1,582.50
- Volume
- 5.69 L
- Open
- ₹990.20
- Prev close
- ₹989.10
Latest results · Q1 FY27(consolidated)Revenue ₹4,674 Cr+18.7%Profit ₹213 Cr+51.3%Margin 4.6%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
VOLTAS in NSE indices and F&O
F&O margin for one lot of VOLTAS (375 shares)Research profile
Composite 29 / 100Factor percentiles
Derived metrics
- Earn. yield
- 1.4%
- Graham no.
- ₹247.58
- vs Graham
- -73.9%
- ROE ÷ P/B
- 1.2%
- 12-1 mom.
- -17.1%
- Return / vol
- -0.92
- Magic Formula
- #572
- Piotroski
- 1/6
- FCF yield
- -0.2%
Appears in 10 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 90 in Consumer| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Titan CompanyTITAN | ₹3.82 L Cr | 66.27 | 24.29 | 37.1% | 21.0% | 14.0% | 1.95 | +29.3% |
| Asian PaintsASIANPAINT | ₹2.21 L Cr | 46.44 | 10.25 | 21.6% | 26.0% | 21.0% | 0.18 | +17.9% |
| Avenue SupermartsDMART | ₹2.06 L Cr | 66.03 | 7.92 | 12.9% | 17.0% | 7.0% | 0.16 | +17.8% |
| TrentTRENT | ₹1.45 L Cr | 80.41 | 20.82 | 27.7% | 28.0% | 19.0% | 0.37 | +17.9% |
| The Indian Hotels CompanyINDHOTEL | ₹1.11 L Cr | 50.34 | 8.16 | 18.6% | 17.0% | 28.0% | 0.25 | +21.7% |
| LG Electronics IndiaLGEINDIA | ₹1.09 L Cr | 59.90 | 14.26 | 24.7% | 32.0% | 12.0% | 0.06 | +15.5% |
| Lenskart SolutionsLENSKART | ₹1.09 L Cr | 169.31 | 12.45 | 6.8% | 8.0% | 22.0% | 0.35 | +43.3% |
| VoltasVOLTAS | ₹31,434 Cr | 70.01 | 4.92 | 5.7% | 9.0% | 4.9% | 0.16 | +18.7% |
| Sector median | ₹10,032 Cr | 37.97 | 4.95 | 13.0% | 15.0% | 12.5% | 0.27 | +17.9% |
Sector as classified in the tracked universe; medians use every tracked Consumer company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 21d agoHeadlines about Voltas from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 67.3
- EPS (TTM)
- ₹13.57
- Price / Book
- 4.92
- ROE (FY26)
- 5.7%
- ROCE (latest year)
- 9%
- Dividend yield
- 0.42%
Moving averages (NSE)
- 20-day
- ₹1,057.55
- Price below
- 50-day
- ₹1,141.67
- Price below
- 200-day
- ₹1,309.98
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- DII
- Promoter
- FII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,293 | 2,626 | 4,203 | 4,921 | 2,619 | 3,105 | 4,768 | 3,939 | 2,347 | 3,071 | 4,888 | 4,674 |
| Expenses | 2,256 | 2,633 | 4,051 | 4,527 | 2,489 | 2,940 | 4,467 | 3,786 | 2,313 | 2,926 | 4,703 | 4,445 |
| Operating Profit | 37 | -8 | 152 | 394 | 130 | 165 | 301 | 153 | 34 | 145 | 185 | 228 |
| OPM % | 1.6% | -0.3% | 3.6% | 8% | 5% | 5% | 6% | 3.9% | 1.4% | 4.7% | 3.8% | 4.9% |
| Other Income | 71 | 58 | 54 | 80 | 105 | 59 | 80 | 82 | 65 | 22 | 43 | 91 |
| Interest | 11 | 14 | 21 | 10 | 14 | 16 | 23 | 14 | 20 | 31 | 22 | 13 |
| Depreciation | 12 | 13 | 12 | 13 | 16 | 18 | 14 | 18 | 24 | 21 | 21 | 21 |
| Profit before tax | 85 | 24 | 174 | 452 | 205 | 191 | 343 | 203 | 54 | 116 | 184 | 285 |
| Tax % | 58% | 216% | 36% | 26% | 35% | 31% | 31% | 31% | 42% | 27% | 39% | 25% |
| Net Profit | 36 | -28 | 111 | 335 | 133 | 131 | 236 | 141 | 32 | 84 | 113 | 213 |
| EPS in Rs | ₹1.11 | ₹-0.92 | ₹3.52 | ₹10.10 | ₹4.05 | ₹3.99 | ₹7.28 | ₹4.24 | ₹1.04 | ₹2.57 | ₹3.51 | ₹6.46 |
From company filings, updated 25 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-9 days since Mar 2021
+29 days since Mar 2021
+11 days since Mar 2021
+10 days since Mar 2021
-3 days since Mar 2021
Strengths, risks & growth
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]
Strengths
- Company has been maintaining a healthy dividend payout of 45.0%
Risks
- Stock is trading at 4.93 times its book value
- Company has a low return on equity of 8.03% over last 3 years.
- Earnings include an other income of Rs.221 Cr.
Compounded Sales Growth
- 10 Years
- +10%
- 5 Years
- +14%
- 3 Years
- +14%
- TTM
- +4%
Compounded Profit Growth
- 10 Years
- +2%
- 5 Years
- -6%
- 3 Years
- +17%
- TTM
- -28%
Stock Price CAGR
- 10 Years
- +9%
- 5 Years
- -4%
- 3 Years
- +5%
- 1 Year
- -34%
Return on Equity
- 10 Years
- +10%
- 5 Years
- +8%
- 3 Years
- +8%
- Last Year
- +6%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 30.30% | 30.30% | 30.30% | 30.30% | 0.00 pp |
| FII | 18.41% | 18.44% | 16.94% | 16.94% | 0.00 pp |
| DII | 37.74% | 38.28% | 38.93% | 38.51% | -0.42 pp |
| Government | 0.14% | 0.11% | 0.11% | 0.00% | -0.11 pp |
| Public | 13.40% | 12.86% | 13.72% | 14.24% | +0.52 pp |
Filed with NSE for Sept 2026: promoters 30.30%, public 69.70% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 15.48% (-0.10 pp)- Promoters30.3%
- Foreign institutions16.9%
- Mutual funds15.5%
- Insurance15.8%
- Other domestic institutions7.2%
- Retail11.1%
- Others3.2%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund | 2.17% | 1.47% | -0.32 pp |
| Kotak Mid Cap Fund | 1.63% | 0.83% | -0.15 pp |
| Nippon India Multi Cap Fund | 1.51% | 0.96% | -0.17 pp |
| DSP Midcap Fund | 1.14% | 2.00% | -0.31 pp |
| Mirae Asset Midcap Fund | 1.10% | 1.92% | +1.18 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Avg
- Profitability
- Avg
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 274 daily sessions to 22 Oct 2026.
Risk
- Volatility (1Y)
- 30.8%
- Downside volatility
- 33.2%
- Worst 5% of days
- 3.8%
- Average of that tail
- 4.7%
- Max drawdown (1Y)
- 36.6%
- Below its peak
- 36.6%
Against the market
- Beta vs Nifty 50
- 1.16
- Correlation
- 0.50
- Relative strength (3M)
- -18.9%
- ATR (14)
- 3.0%
Return
- Return 1M
- -13.4%
- Return 3M
- -24.4%
- Return 6M
- -32.1%
- Return 1Y
- -28.2%
- vs 200-day average
- -24.5%
Momentum
- RSI (14) · oversold
- 28.7
- MACD histogram
- -0.97
- Stochastic %K
- 16.3
- ADX (14)
- 45.9
- +DI / −DI
- 8.2 / 34.6
- Money flow index
- 57.9
Participation
- Delivery (20d avg)
- 41.6%
- vs its 60-day baseline
- -2.0 pts
- Volume vs 20-day
- -0.4σ
- Close vs day's VWAP
- +0.1%
- 52-week position
- 0 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
1 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — failed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — failed
- Asset turnover improving — failed
- Free cash flow
- -₹62 Cr
- FCF yield
- -0.2%
- Cash conversion
- 0.19
- Accruals ratio
- 0.021
- Net debt
- ₹237 Cr
- Net debt / equity
- 0.04
- EV / sales
- 2.11
- Capex intensity
- 0.9%
- Revenue CAGR
- 2.5%
- Profit CAGR
- -51.9%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹4.00
Dividend - Rs 4 Per Share
12 Jun 2026ex-date - dividend₹7.00
Dividend - Rs 7 Per Share
20 Jun 2025ex-date - dividend₹5.50
Annual General Meeting/Dividend - Rs 5.50 Per Share
25 Jun 2024ex-date - dividend₹4.25
Annual General Meeting/Dividend - Rs 4.25 Per Share
9 Jun 2023ex-date - dividend₹5.50
Annual General Meeting/Dividend - Rs 5.50 Per Share
9 Jun 2022ex-date - dividend₹5.00
Annual General Meeting/Dividend - Rs 5 Per Share
11 Aug 2021ex-date - dividend₹4.00
Annual General Meeting/Dividend - Rs 4 Per Share
5 Aug 2020ex-date - dividend₹4.00
Annual General Meeting/ Dividend - Rs 4 Per Share
17 Jul 2019ex-date - dividend₹4.00
Annual General Meeting / Dividend- Rs 4 Per Share
3 Aug 2018ex-date - dividend₹3.50
Annual General Meeting/Dividend - Rs 3.50 Per Share
4 Aug 2017ex-date - dividend₹2.60
Annual General Meeting And Dividend Rs.2.60 Per Share
5 Aug 2016ex-date - dividend₹2.25
Annual General Meeting/Dividend - Rs 2.25/- Per Share
10 Jul 2015ex-date - dividend₹1.60
Annual General Meeting / Dividend - Rs 1.60/- Per Share & Special Diamond Jubilee Dividend - Re 0.25/- Per Share
8 Aug 2014ex-date - dividend₹1.60
Annual General Meeting / Dividend - Rs 1.60/- Per Share
2 Aug 2013ex-date - dividend₹1.60
Annual General Meeting And Dividend Rs.1.60 Per Share
1 Aug 2012ex-date - dividend₹2.00
Annual General Meeting And Dividend Rs.2/- Per Share
22 Jul 2011ex-date - dividend₹2.00
Annual General Meeting And Dividend Rs.2/- Per Share
16 Jul 2010ex-date - otherNot available — not reported in this filing
Agm/Div-Rs.1.60 Per Share
10 Jul 2009ex-date - dividendNot available — not reported in this filing
Agm/Dividend-135%
27 Jun 2008ex-date - dividendNot available — not reported in this filing
Agm/Dividend-100%
6 Jul 2007ex-date
Company announcements
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018
Update on Intimation under Regulation 30 of SEBI Listing Regulations.
Please find enclosed intimation on Trading Window Closure.
Please find enclosed intimation regarding receipt of Show Cause Notice
Please find enclosed herewith copies of Newspaper Advertisement.
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has scheduled one Group Institutional ....
Please find enclosed herewith update on Pending Material Litigation.
Please find enclosed herewith Transcript of Q1FY27 Earnings Conference Call.
Further to our letter dated 10th August, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Audio Recording of the Q1FY27 ....
Announcement under Regulation 30 (LODR)- Investor Presentation
Outcome of Board Meeting of Voltas Limited Held on 14th August, 2026
Please find enclosed herewith Press Release.
Please find enclosed herewith Press Release.
Please find enclosed herewith disclosure Regulation 30 (LODR).
Please find enclosed herewith Results for quarter ended 30th June, 2026
Filed with BSE (scrip 500575); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlidesRecording
- May 2026TranscriptSlidesRecording
- Feb 2026TranscriptSlidesRecording
- Nov 2025TranscriptSlidesRecording
- Aug 2025TranscriptSlides
- May 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 17 Feb 2025 from icra
- Rating update · 10 Jan 2025 from icra
- Rating update · 12 Jan 2024 from icra
- Rating update · 4 Oct 2023 from icra
- Rating update · 24 Aug 2022 from icra
- Rating update · 26 Aug 2021 from icra
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 15 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Voltas: common questions
Answered from the figures on this page.
