Voltas Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 9:57 am

Market Cap	46,504 Cr.
Current Price	1,405
High / Low	1,946/1,024
Stock P/E	65.6
Book Value	190
Dividend Yield	0.39 %
ROCE	8.51 %
ROE	4.40 %
Face Value	1.00
PEG Ratio	10.22

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Voltas Ltd

Competitors of Voltas Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Misquita Engineering Ltd	46.5 Cr.	126	177/62.0	89.5	30.4	0.00 %	1.57 %	3.43 %	10.0
IKIO Lighting Ltd	1,624 Cr.	210	343/165	38.1	71.2	0.48 %	21.7 %	17.5 %	10.0
Elin Electronics Ltd	587 Cr.	118	282/108	37.5	104	0.00 %	5.08 %	2.75 %	5.00
CWD Ltd	336 Cr.	931	1,144/590	184	91.4	0.00 %	7.92 %	4.56 %	10.0
Calcom Vision Ltd	125 Cr.	89.2	179/77.0	42.4	54.7	0.00 %	6.38 %	1.81 %	10.0
Industry Average	18,126.43 Cr	1,303.96		56.49	106.91	0.25%	16.63%	14.78%	6.50

All Competitor Stocks of Voltas Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,794	2,667	2,768	1,768	2,006	2,957	3,360	2,293	2,626	4,203	4,921	2,619	3,105
Expenses	1,670	2,434	2,622	1,696	1,962	2,767	3,206	2,256	2,633	4,051	4,527	2,489	2,940
Operating Profit	124	232	146	72	44	190	154	37	-8	152	394	130	165
OPM %	7%	9%	5%	4%	2%	6%	5%	2%	-0%	4%	8%	5%	5%
Other Income	29	37	27	-42	-107	47	70	71	58	54	80	105	59
Interest	4	13	4	7	6	12	10	11	14	21	10	14	16
Depreciation	10	9	8	10	11	10	11	12	13	12	13	16	18
Profit before tax	139	247	160	13	-80	214	203	85	24	174	452	205	191
Tax %	31%	26%	32%	145%	37%	33%	36%	58%	216%	36%	26%	35%	31%
Net Profit	97	183	110	-6	-110	143	129	36	-28	111	335	133	131
EPS in Rs	2.90	5.52	3.29	-0.22	-3.34	4.35	3.91	1.11	-0.92	3.52	10.10	4.05	3.99

Last Updated: February 28, 2025, 4:11 pm

Below is a detailed analysis of the quarterly data for Voltas Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹3,105.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,619.00 Cr. (Sep 2024) to ₹3,105.00 Cr., marking an increase of ₹486.00 Cr..
For Expenses, as of Dec 2024, the value is ₹2,940.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,489.00 Cr. (Sep 2024) to ₹2,940.00 Cr., marking an increase of ₹451.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹165.00 Cr.. The value appears strong and on an upward trend. It has increased from 130.00 Cr. (Sep 2024) to ₹165.00 Cr., marking an increase of ₹35.00 Cr..
For OPM %, as of Dec 2024, the value is 5.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 5.00%.
For Other Income, as of Dec 2024, the value is ₹59.00 Cr.. The value appears to be declining and may need further review. It has decreased from 105.00 Cr. (Sep 2024) to ₹59.00 Cr., marking a decrease of 46.00 Cr..
For Interest, as of Dec 2024, the value is ₹16.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 14.00 Cr. (Sep 2024) to ₹16.00 Cr., marking an increase of ₹2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹18.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 16.00 Cr. (Sep 2024) to ₹18.00 Cr., marking an increase of ₹2.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹191.00 Cr.. The value appears to be declining and may need further review. It has decreased from 205.00 Cr. (Sep 2024) to ₹191.00 Cr., marking a decrease of 14.00 Cr..
For Tax %, as of Dec 2024, the value is 31.00%. The value appears to be improving (decreasing) as expected. It has decreased from 35.00% (Sep 2024) to 31.00%, marking a decrease of 4.00%.
For Net Profit, as of Dec 2024, the value is ₹131.00 Cr.. The value appears to be declining and may need further review. It has decreased from 133.00 Cr. (Sep 2024) to ₹131.00 Cr., marking a decrease of 2.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 3.99. The value appears to be declining and may need further review. It has decreased from ₹4.05 (Sep 2024) to 3.99, marking a decrease of ₹0.06.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:23 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	5,531	5,266	5,183	5,720	6,033	6,404	7,124	7,658	7,556	7,934	9,499	12,481	14,848
Expenses	5,293	5,000	4,773	5,376	5,484	5,742	6,564	7,040	6,975	7,362	9,045	12,145	14,006
Operating Profit	238	266	411	344	549	663	560	618	580	572	454	336	842
OPM %	4%	5%	8%	6%	9%	10%	8%	8%	8%	7%	5%	3%	6%
Other Income	102	121	154	261	212	178	174	179	189	188	-77	253	299
Interest	33	23	23	16	16	12	33	21	26	26	30	56	60
Depreciation	28	25	28	26	24	24	24	32	34	37	40	48	60
Profit before tax	280	340	514	563	720	805	677	744	709	697	307	486	1,022
Tax %	26%	28%	25%	30%	28%	28%	24%	30%	25%	27%	56%	49%
Net Profit	207	246	388	393	520	578	514	521	529	506	136	248	709
EPS in Rs	6.28	7.42	11.62	11.70	15.64	17.30	15.35	15.63	15.87	15.23	4.08	7.62	21.66
Dividend Payout %	25%	25%	19%	22%	22%	23%	26%	26%	32%	36%	104%	72%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	18.84%	57.72%	1.29%	32.32%	11.15%	-11.07%	1.36%	1.54%	-4.35%	-73.12%	82.35%
Change in YoY Net Profit Growth (%)	0.00%	38.88%	-56.43%	31.03%	-21.16%	-22.23%	12.43%	0.17%	-5.88%	-68.77%	155.48%

Voltas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	12%
3 Years:	18%
TTM:	32%

Compounded Profit Growth
10 Years:	1%
5 Years:	-14%
3 Years:	-22%
TTM:	153%

Stock Price CAGR
10 Years:	17%
5 Years:	17%
3 Years:	5%
1 Year:	29%

Return on Equity
10 Years:	11%
5 Years:	8%
3 Years:	6%
Last Year:	4%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:34 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	33	33	33	33	33	33	33	33	33	33	33	33	33
Reserves	1,593	1,786	2,069	2,778	3,274	3,872	4,077	4,247	4,960	5,466	5,419	5,787	6,246
Borrowings	262	264	122	271	171	142	315	219	261	361	651	744	871
Other Liabilities	2,676	2,660	2,662	2,788	2,991	3,249	3,091	3,657	3,402	3,874	4,171	5,430	4,694
Total Liabilities	4,564	4,744	4,886	5,869	6,469	7,296	7,515	8,156	8,655	9,734	10,274	11,994	11,843
Fixed Assets	300	288	269	276	300	297	343	380	388	384	525	548	824
CWIP	0	2	4	1	1	4	16	26	9	59	98	368	193
Investments	407	732	1,094	1,975	2,268	2,754	2,386	2,343	3,046	3,615	3,109	3,508	3,646
Other Assets	3,857	3,721	3,519	3,617	3,901	4,242	4,771	5,406	5,212	5,676	6,542	7,571	7,180
Total Assets	4,564	4,744	4,886	5,869	6,469	7,296	7,515	8,156	8,655	9,734	10,274	11,994	11,843

Below is a detailed analysis of the balance sheet data for Voltas Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹33.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹33.00 Cr..
For Reserves, as of Sep 2024, the value is ₹6,246.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,787.00 Cr. (Mar 2024) to ₹6,246.00 Cr., marking an increase of 459.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹871.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹744.00 Cr. (Mar 2024) to ₹871.00 Cr., marking an increase of 127.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,694.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹5,430.00 Cr. (Mar 2024) to ₹4,694.00 Cr., marking a decrease of 736.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹11,843.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹11,994.00 Cr. (Mar 2024) to ₹11,843.00 Cr., marking a decrease of 151.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹824.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹548.00 Cr. (Mar 2024) to ₹824.00 Cr., marking an increase of 276.00 Cr..
For CWIP, as of Sep 2024, the value is ₹193.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹368.00 Cr. (Mar 2024) to ₹193.00 Cr., marking a decrease of 175.00 Cr..
For Investments, as of Sep 2024, the value is ₹3,646.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,508.00 Cr. (Mar 2024) to ₹3,646.00 Cr., marking an increase of 138.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹7,180.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹7,571.00 Cr. (Mar 2024) to ₹7,180.00 Cr., marking a decrease of 391.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹11,843.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹11,994.00 Cr. (Mar 2024) to ₹11,843.00 Cr., marking a decrease of 151.00 Cr..

Notably, the Reserves (₹6,246.00 Cr.) exceed the Borrowings (871.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	84	295	311	219	428	325	-321	462	556	584	159	762
Cash from Investing Activity +	65	-285	-104	-315	-73	-199	393	-210	-256	-365	-82	-522
Cash from Financing Activity +	-60	-79	-236	48	-211	-181	-18	-294	-122	-107	55	-116
Net Cash Flow	89	-68	-29	-47	143	-55	53	-42	179	113	133	123

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-24.00	2.00	289.00	73.00	378.00	521.00	245.00	399.00	319.00	211.00	-197.00	-408.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	90	93	94	87	88	89	92	87	87	97	84	74
Inventory Days	86	85	88	65	78	65	76	97	84	103	79	79
Days Payable	151	154	156	156	172	174	165	177	161	182	149	143
Cash Conversion Cycle	25	24	26	-4	-6	-19	3	7	9	18	14	10
Working Capital Days	46	42	35	38	36	40	57	59	60	54	54	32
ROCE %	16%	17%	22%	19%	22%	22%	17%	18%	15%	13%	10%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%	30.30%
FIIs	22.31%	24.42%	26.19%	24.67%	24.37%	21.58%	20.58%	19.08%	17.84%	17.18%	14.71%	15.08%
DIIs	31.61%	29.76%	27.83%	29.44%	29.43%	31.46%	33.14%	33.63%	35.82%	37.00%	40.36%	40.19%
Government	0.24%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%
Public	15.53%	15.32%	15.47%	15.38%	15.69%	16.45%	15.78%	16.78%	15.84%	15.32%	14.41%	14.22%
No. of Shareholders	1,47,941	1,56,788	1,71,620	1,96,519	2,24,218	2,61,501	2,73,047	2,99,270	2,80,942	2,61,009	2,41,794	2,47,775

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Emerging Equity Fund - Regular Plan	4,776,936	1.43	703.26	3,800,000	2025-03-07	25.71%
Nippon India Growth Fund	4,600,000	2.2	677.21	3,800,000	2025-03-07	21.05%
SBI Magnum Midcap Fund	4,000,000	2.9	588.88	3,800,000	2025-03-07	5.26%
SBI Large & Midcap Fund	3,800,000	2.18	559.44	3,800,000	2025-03-07	0%
Motilal Oswal Midcap Fund	3,000,000	3.5	441.66	3,800,000	2025-03-07	-21.05%
Nippon India Multi Cap Fund	3,000,000	1.26	441.66	3,800,000	2025-03-07	-21.05%
Nippon India Small Cap Fund	2,503,080	0.65	368.5	3,800,000	2025-03-07	-34.13%
DSP Mid Cap Fund	2,482,559	1.91	365.48	3,800,000	2025-03-07	-34.67%
Axis Midcap Fund	2,435,295	1.19	358.52	3,800,000	2025-03-07	-35.91%
Kotak Equity Opportunities Fund - Regular Plan	2,000,000	1.22	294.44	3,800,000	2025-03-07	-47.37%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	7.62	4.08	15.23	15.87	15.63
Diluted EPS (Rs.)	7.62	4.08	15.23	15.87	15.63
Cash EPS (Rs.)	13.13	8.96	19.76	18.85	18.79
Book Value[Excl.RevalReserv]/Share (Rs.)	176.97	166.07	167.40	152.04	130.49
Book Value[Incl.RevalReserv]/Share (Rs.)	176.97	166.07	167.40	152.04	130.49
Revenue From Operations / Share (Rs.)	377.30	287.15	239.86	228.41	231.50
PBDIT / Share (Rs.)	22.00	22.39	26.32	25.10	27.73
PBIT / Share (Rs.)	20.56	21.20	25.20	24.07	26.76
PBT / Share (Rs.)	18.88	12.93	24.41	23.28	24.58
Net Profit / Share (Rs.)	11.69	7.77	18.63	17.83	17.83
NP After MI And SOA / Share (Rs.)	7.62	4.08	15.24	15.87	15.63
PBDIT Margin (%)	5.83	7.79	10.97	10.98	11.97
PBIT Margin (%)	5.45	7.38	10.50	10.53	11.56
PBT Margin (%)	5.00	4.50	10.17	10.19	10.61
Net Profit Margin (%)	3.09	2.70	7.76	7.80	7.70
NP After MI And SOA Margin (%)	2.01	1.42	6.35	6.95	6.75
Return on Networth / Equity (%)	4.32	2.47	9.16	10.51	12.08
Return on Capital Employeed (%)	10.83	12.38	14.64	15.45	20.00
Return On Assets (%)	2.09	1.31	5.17	6.06	6.34
Long Term Debt / Equity (X)	0.03	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.12	0.11	0.06	0.05	0.05
Asset Turnover Ratio (%)	1.12	0.77	0.79	0.79	0.95
Current Ratio (X)	1.34	1.40	1.45	1.48	1.49
Quick Ratio (X)	0.97	1.05	1.04	1.12	1.10
Inventory Turnover Ratio (X)	3.64	2.25	2.39	1.91	2.44
Dividend Payout Ratio (NP) (%)	55.80	134.79	32.94	25.20	25.59
Dividend Payout Ratio (CP) (%)	46.94	104.21	30.67	23.67	24.10
Earning Retention Ratio (%)	44.20	-34.79	67.06	74.80	74.41
Cash Earning Retention Ratio (%)	53.06	-4.21	69.33	76.33	75.90
Interest Coverage Ratio (X)	13.03	25.04	33.66	31.75	43.47
Interest Coverage Ratio (Post Tax) (X)	7.92	17.92	24.82	23.55	31.38
Enterprise Value (Cr.)	36400.13	27016.95	40977.66	32969.91	15786.29
EV / Net Operating Revenue (X)	2.92	2.84	5.16	4.36	2.06
EV / EBITDA (X)	50.01	36.47	47.06	39.71	17.21
MarketCap / Net Operating Revenue (X)	2.92	2.85	5.19	4.39	2.07
Retention Ratios (%)	44.19	-34.79	67.05	74.79	74.40
Price / BV (X)	6.27	4.96	7.49	6.64	3.70
Price / Net Operating Revenue (X)	2.92	2.85	5.19	4.39	2.07
EarningsYield	0.01	0.00	0.01	0.01	0.03

After reviewing the key financial ratios for Voltas Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 7.62. This value is within the healthy range. It has increased from 4.08 (Mar 23) to 7.62, marking an increase of 3.54.
For Diluted EPS (Rs.), as of Mar 24, the value is 7.62. This value is within the healthy range. It has increased from 4.08 (Mar 23) to 7.62, marking an increase of 3.54.
For Cash EPS (Rs.), as of Mar 24, the value is 13.13. This value is within the healthy range. It has increased from 8.96 (Mar 23) to 13.13, marking an increase of 4.17.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 176.97. It has increased from 166.07 (Mar 23) to 176.97, marking an increase of 10.90.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 176.97. It has increased from 166.07 (Mar 23) to 176.97, marking an increase of 10.90.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 377.30. It has increased from 287.15 (Mar 23) to 377.30, marking an increase of 90.15.
For PBDIT / Share (Rs.), as of Mar 24, the value is 22.00. This value is within the healthy range. It has decreased from 22.39 (Mar 23) to 22.00, marking a decrease of 0.39.
For PBIT / Share (Rs.), as of Mar 24, the value is 20.56. This value is within the healthy range. It has decreased from 21.20 (Mar 23) to 20.56, marking a decrease of 0.64.
For PBT / Share (Rs.), as of Mar 24, the value is 18.88. This value is within the healthy range. It has increased from 12.93 (Mar 23) to 18.88, marking an increase of 5.95.
For Net Profit / Share (Rs.), as of Mar 24, the value is 11.69. This value is within the healthy range. It has increased from 7.77 (Mar 23) to 11.69, marking an increase of 3.92.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 7.62. This value is within the healthy range. It has increased from 4.08 (Mar 23) to 7.62, marking an increase of 3.54.
For PBDIT Margin (%), as of Mar 24, the value is 5.83. This value is below the healthy minimum of 10. It has decreased from 7.79 (Mar 23) to 5.83, marking a decrease of 1.96.
For PBIT Margin (%), as of Mar 24, the value is 5.45. This value is below the healthy minimum of 10. It has decreased from 7.38 (Mar 23) to 5.45, marking a decrease of 1.93.
For PBT Margin (%), as of Mar 24, the value is 5.00. This value is below the healthy minimum of 10. It has increased from 4.50 (Mar 23) to 5.00, marking an increase of 0.50.
For Net Profit Margin (%), as of Mar 24, the value is 3.09. This value is below the healthy minimum of 5. It has increased from 2.70 (Mar 23) to 3.09, marking an increase of 0.39.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 2.01. This value is below the healthy minimum of 8. It has increased from 1.42 (Mar 23) to 2.01, marking an increase of 0.59.
For Return on Networth / Equity (%), as of Mar 24, the value is 4.32. This value is below the healthy minimum of 15. It has increased from 2.47 (Mar 23) to 4.32, marking an increase of 1.85.
For Return on Capital Employeed (%), as of Mar 24, the value is 10.83. This value is within the healthy range. It has decreased from 12.38 (Mar 23) to 10.83, marking a decrease of 1.55.
For Return On Assets (%), as of Mar 24, the value is 2.09. This value is below the healthy minimum of 5. It has increased from 1.31 (Mar 23) to 2.09, marking an increase of 0.78.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.03. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 23) to 0.03, marking an increase of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.12. This value is within the healthy range. It has increased from 0.11 (Mar 23) to 0.12, marking an increase of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.12. It has increased from 0.77 (Mar 23) to 1.12, marking an increase of 0.35.
For Current Ratio (X), as of Mar 24, the value is 1.34. This value is below the healthy minimum of 1.5. It has decreased from 1.40 (Mar 23) to 1.34, marking a decrease of 0.06.
For Quick Ratio (X), as of Mar 24, the value is 0.97. This value is below the healthy minimum of 1. It has decreased from 1.05 (Mar 23) to 0.97, marking a decrease of 0.08.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.64. This value is below the healthy minimum of 4. It has increased from 2.25 (Mar 23) to 3.64, marking an increase of 1.39.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 55.80. This value exceeds the healthy maximum of 50. It has decreased from 134.79 (Mar 23) to 55.80, marking a decrease of 78.99.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 46.94. This value is within the healthy range. It has decreased from 104.21 (Mar 23) to 46.94, marking a decrease of 57.27.
For Earning Retention Ratio (%), as of Mar 24, the value is 44.20. This value is within the healthy range. It has increased from -34.79 (Mar 23) to 44.20, marking an increase of 78.99.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 53.06. This value is within the healthy range. It has increased from -4.21 (Mar 23) to 53.06, marking an increase of 57.27.
For Interest Coverage Ratio (X), as of Mar 24, the value is 13.03. This value is within the healthy range. It has decreased from 25.04 (Mar 23) to 13.03, marking a decrease of 12.01.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 7.92. This value is within the healthy range. It has decreased from 17.92 (Mar 23) to 7.92, marking a decrease of 10.00.
For Enterprise Value (Cr.), as of Mar 24, the value is 36,400.13. It has increased from 27,016.95 (Mar 23) to 36,400.13, marking an increase of 9,383.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.92. This value is within the healthy range. It has increased from 2.84 (Mar 23) to 2.92, marking an increase of 0.08.
For EV / EBITDA (X), as of Mar 24, the value is 50.01. This value exceeds the healthy maximum of 15. It has increased from 36.47 (Mar 23) to 50.01, marking an increase of 13.54.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.92. This value is within the healthy range. It has increased from 2.85 (Mar 23) to 2.92, marking an increase of 0.07.
For Retention Ratios (%), as of Mar 24, the value is 44.19. This value is within the healthy range. It has increased from -34.79 (Mar 23) to 44.19, marking an increase of 78.98.
For Price / BV (X), as of Mar 24, the value is 6.27. This value exceeds the healthy maximum of 3. It has increased from 4.96 (Mar 23) to 6.27, marking an increase of 1.31.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.92. This value is within the healthy range. It has increased from 2.85 (Mar 23) to 2.92, marking an increase of 0.07.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 23) to 0.01, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Voltas Ltd as of March 10, 2025 is: ₹440.44

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2025, Voltas Ltd is Overvalued by 68.65% compared to the current share price 1,405.00

Intrinsic Value of Voltas Ltd as of March 10, 2025 is: 468.71

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2025, Voltas Ltd is Overvalued by 66.64% compared to the current share price 1,405.00

Last 5 Year EPS CAGR: 6.42%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.67%, which is a positive sign. The company has higher reserves (3,967.23 cr) compared to borrowings (358.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (7.31 cr) and profit (526.38 cr) over the years.	The stock has a high average Working Capital Days of 46.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 8.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Voltas Ltd:
1. Net Profit Margin: 3.09%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.83% (Industry Average ROCE: 16.63%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.32% (Industry Average ROE: 14.78%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 7.92
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.97
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 65.6 (Industry average Stock P/E: 56.49)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.12
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Voltas Ltd. is a Public Limited Listed company incorporated on 06/09/1954 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29308MH1954PLC009371 and registration number is 009371. Currently Company is involved in the business activities of Manufacture of air-conditioning machines, including motor vehicles air- conditioners. Company's Total Operating Revenue is Rs. 8687.63 Cr. and Equity Capital is Rs. 33.08 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	Voltas House `A', Mumbai Maharashtra 400033	shareservices@voltas.com http://www.voltas.com

Management
Name	Position Held
Mr. Noel N Tata	Chairman
Mr. Pradeep Bakshi	Managing Director & CEO
Mr. Vinayak Deshpande	Director
Mr. Debendranath Sarangi	Director
Mr. Saurabh Agrawal	Director
Mr. Bahram N Vakil	Director
Ms. Anjali Bansal	Director
Mr. Arun Kumar Adhikari	Director
Mr. Zubin S Dubash	Director
Mr. Mukundan Menon	Director
Mr. Jayesh Tulsidas Merchant	Director

FAQ

What is the latest intrinsic value of Voltas Ltd?

The latest intrinsic value of Voltas Ltd as on 10 March 2025 is ₹440.44, which is 68.65% lower than the current market price of 1,405.00, indicating the stock is overvalued by 68.65%. The intrinsic value of Voltas Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹46,504 Cr. and recorded a high/low of ₹1,946/1,024 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹6,246 Cr and total liabilities of ₹11,843 Cr.

What is the Market Cap of Voltas Ltd?

The Market Cap of Voltas Ltd is 46,504 Cr..

What is the current Stock Price of Voltas Ltd as on 10 March 2025?

The current stock price of Voltas Ltd as on 10 March 2025 is ₹1,405.

What is the High / Low of Voltas Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Voltas Ltd stocks is ₹1,946/1,024.

What is the Stock P/E of Voltas Ltd?

The Stock P/E of Voltas Ltd is 65.6.

What is the Book Value of Voltas Ltd?

The Book Value of Voltas Ltd is 190.

What is the Dividend Yield of Voltas Ltd?

The Dividend Yield of Voltas Ltd is 0.39 %.

What is the ROCE of Voltas Ltd?

The ROCE of Voltas Ltd is 8.51 %.

What is the ROE of Voltas Ltd?

The ROE of Voltas Ltd is 4.40 %.

What is the Face Value of Voltas Ltd?

The Face Value of Voltas Ltd is 1.00.