Voltas Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.2x)
- Near 52-week low — potential value zone (₹1,151)
Concerns
- Premium to sector peers (P/E 82.9x vs industry 45.4x)
Today's Price Action
Voltas Limited (VOLTAS) is trading at ₹1,170 on the BSE, unchanged from the prior session. The daily turnover of 4,60,031 shares matches the 20‑day average volume, indicating that current participation aligns with typical market interest for the stock.
Valuation Snapshot
The company’s trailing P/E sits at 85, markedly higher than the sector average, which is effectively zero due to a lack of earnings‑positive peers. A P/B of 0.9 combined with a modest ROE of 6.1% points to a relatively low return on the equity base relative to its book value.
Key Levels to Watch
The 52‑week range stretches from a high of ₹1,582 to a low of ₹1,187, placing today’s price just above the lower bound at ₹1,170, a few percent beneath the 52‑week low. Open‑interest data (not provided) would be needed to pinpoint precise support/resistance zones, but the proximity to the 52‑week trough suggests that immediate technical focus may rest near that level.
Chart Pattern
Over the last ten trading days the candlestick chart displayed a Bullish Harami two sessions ago, a Bearish Marubozu three sessions ago, and a Bearish Engulfing ten sessions ago on the daily timeframe. These patterns reflect alternating short‑term pressure and a generally indecisive price structure.
Data Summary
Key metrics for Voltas include an LTP of ₹1,170, a P/E of 85, and a P/B of 0.9, with an ROE of 6.1%. The 52‑week price corridor ranges between ₹1,187 and ₹1,582, and daily volume is steady at 4,60,031 shares, matching its recent average.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹5,020 | ₹4.5L Cr | 76.4 | 28.36 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,527 | ₹2.4L Cr | 49.7 | 11.33 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,690 +1.57% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹14,240 | ₹87K Cr | 46.4 | 18.52 | 18.9 | 29.2 | 0.34 |
| HAVELLS Havells India Limited | ₹1,154 | ₹72K Cr | 43.5 | 7.64 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹599 | ₹62K Cr | 42.3 | 9.8 | 24.8 | 21.2 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹510 −1.10% | ₹57K Cr | 46.1 | 8.6 | 17.3 | 21.6 | 0.11 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
VOLTAS · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% |
| FII | 17.18% | 14.71% | 15.08% | 18.09% | 21.31% | 21.95% |
| DII | 37.00% | 40.36% | 40.19% | 37.25% | 34.39% | 32.99% |
| Public | 15.32% | 14.41% | 14.22% | 14.16% | 13.78% | 14.53% |
| Govt | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 4 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 7 Per Share
Annual General Meeting/Dividend - Rs 5.50 Per Share
Annual General Meeting/Dividend - Rs 4.25 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.1K Cr 30.8% | ₹2.3K Cr 40.4% | ₹3.9K Cr 17.4% | ₹4.8K Cr 53.6% | ₹3.1K Cr 18.6% | ₹2.6K Cr 46.8% | ₹4.9K Cr 17.1% | ₹4.2K Cr |
| Op. Profit | ₹145 Cr 326.5% | ₹34 Cr 77.8% | ₹153 Cr 49.2% | ₹301 Cr 82.4% | ₹165 Cr 26.9% | ₹130 Cr 67.0% | ₹394 Cr 159.2% | ₹152 Cr |
| OPM | 4.7% 235.7% | 1.4% 64.1% | 3.9% 35.0% | 6.0% 20.0% | 5.0% 0.0% | 5.0% 37.5% | 8.0% 100.0% | 4.0% |
| Net Profit | ₹84 Cr 162.5% | ₹32 Cr 77.3% | ₹141 Cr 40.3% | ₹236 Cr 80.2% | ₹131 Cr 1.5% | ₹133 Cr 60.3% | ₹335 Cr 201.8% | ₹111 Cr |
| EPS (₹) | 2.57 147.1% | 1.04 75.5% | 4.24 41.8% | 7.28 82.5% | 3.99 1.5% | 4.05 59.9% | 10.1 186.9% | 3.52 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.2K Cr 7.6% | ₹15.4K Cr 23.5% | ₹12.5K Cr 31.4% | ₹9.5K Cr 19.7% | ₹7.9K Cr 5.0% | ₹7.6K Cr 1.3% | ₹7.7K Cr 7.5% | ₹7.1K Cr 11.2% | ₹6.4K Cr 6.1% | ₹6.0K Cr |
| Expenses | ₹13.7K Cr 4.8% | ₹14.4K Cr 18.8% | ₹12.1K Cr 34.3% | ₹9.0K Cr 22.9% | ₹7.4K Cr 5.5% | ₹7.0K Cr 0.9% | ₹7.0K Cr 7.3% | ₹6.6K Cr 14.3% | ₹5.7K Cr 4.7% | ₹5.5K Cr |
| Op. Profit | ₹516 Cr 47.9% | ₹990 Cr 194.6% | ₹336 Cr 26.0% | ₹454 Cr 20.6% | ₹572 Cr 1.4% | ₹580 Cr 6.1% | ₹618 Cr 10.4% | ₹560 Cr 15.5% | ₹663 Cr 20.8% | ₹549 Cr |
| OPM | 3.6% 40.0% | 6.0% 122.2% | 2.7% 43.7% | 4.8% 31.4% | 7.0% 12.5% | 8.0% 0.0% | 8.0% 0.0% | 8.0% 20.0% | 10.0% 11.1% | 9.0% |
| Other Income | ₹212 Cr 34.6% | ₹324 Cr 28.1% | ₹253 Cr 428.6% | ₹-77 Cr 141.0% | ₹188 Cr 0.5% | ₹189 Cr 5.6% | ₹179 Cr 2.9% | ₹174 Cr 2.2% | ₹178 Cr 16.0% | ₹212 Cr |
| Interest | ₹87 Cr 40.3% | ₹62 Cr 10.7% | ₹56 Cr 86.7% | ₹30 Cr 15.4% | ₹26 Cr 0.0% | ₹26 Cr 23.8% | ₹21 Cr 36.4% | ₹33 Cr 175.0% | ₹12 Cr 25.0% | ₹16 Cr |
| Depreciation | ₹84 Cr 35.5% | ₹62 Cr 29.2% | ₹48 Cr 20.0% | ₹40 Cr 8.1% | ₹37 Cr 8.8% | ₹34 Cr 6.3% | ₹32 Cr 33.3% | ₹24 Cr 0.0% | ₹24 Cr 0.0% | ₹24 Cr |
| PBT | ₹557 Cr 53.2% | ₹1.2K Cr 145.1% | ₹486 Cr 58.3% | ₹307 Cr 56.0% | ₹697 Cr 1.7% | ₹709 Cr 4.7% | ₹744 Cr 9.9% | ₹677 Cr 15.9% | ₹805 Cr 11.8% | ₹720 Cr |
| Tax % | 34.0% 13.3% | 30.0% 38.8% | 49.0% 12.5% | 56.0% 107.4% | 27.0% 8.0% | 25.0% 16.7% | 30.0% 25.0% | 24.0% 14.3% | 28.0% 0.0% | 28.0% |
| Net Profit | ₹370 Cr 55.6% | ₹834 Cr 236.3% | ₹248 Cr 82.4% | ₹136 Cr 73.1% | ₹506 Cr 4.3% | ₹529 Cr 1.5% | ₹521 Cr 1.4% | ₹514 Cr 11.1% | ₹578 Cr 11.2% | ₹520 Cr |
| EPS (₹) | 11.36 55.3% | 25.43 233.7% | 7.62 86.8% | 4.08 73.2% | 15.23 4.0% | 15.87 1.5% | 15.63 1.8% | 15.35 11.3% | 17.3 10.6% | 15.64 |
| Div Payout | 35.0% 25.0% | 28.0% 61.1% | 72.0% 30.8% | 104.0% 188.9% | 36.0% 12.5% | 32.0% 23.1% | 26.0% 0.0% | 26.0% 13.0% | 23.0% 4.5% | 22.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr |
| Reserves | ₹6.3K Cr 2.2% | ₹6.5K Cr 12.0% | ₹5.8K Cr 6.8% | ₹5.4K Cr 0.9% | ₹5.5K Cr 10.2% | ₹5.0K Cr 16.8% | ₹4.2K Cr 4.2% | ₹4.1K Cr 5.3% | ₹3.9K Cr 18.3% | ₹3.3K Cr |
| Borrowings | ₹1.8K Cr 96.7% | ₹892 Cr 19.9% | ₹744 Cr 14.3% | ₹651 Cr 80.3% | ₹361 Cr 38.3% | ₹261 Cr 19.2% | ₹219 Cr 30.5% | ₹315 Cr 121.8% | ₹142 Cr 17.0% | ₹171 Cr |
| Other Liabilities | ₹4.8K Cr 16.7% | ₹5.7K Cr 5.0% | ₹5.4K Cr 30.2% | ₹4.2K Cr 7.7% | ₹3.9K Cr 13.9% | ₹3.4K Cr 7.0% | ₹3.7K Cr 18.3% | ₹3.1K Cr 4.9% | ₹3.2K Cr 8.6% | ₹3.0K Cr |
| Total Liabilities | ₹12.9K Cr 1.8% | ₹13.1K Cr 9.3% | ₹12.0K Cr 16.7% | ₹10.3K Cr 5.5% | ₹9.7K Cr 12.5% | ₹8.7K Cr 6.1% | ₹8.2K Cr 8.5% | ₹7.5K Cr 3.0% | ₹7.3K Cr 12.8% | ₹6.5K Cr |
Assets | ||||||||||
| Fixed Assets | ₹984 Cr 1.1% | ₹973 Cr 77.6% | ₹548 Cr 4.4% | ₹525 Cr 36.7% | ₹384 Cr 1.0% | ₹388 Cr 2.1% | ₹380 Cr 10.8% | ₹343 Cr 15.5% | ₹297 Cr 1.0% | ₹300 Cr |
| CWIP | ₹75 Cr 8.5% | ₹82 Cr 77.7% | ₹368 Cr 275.5% | ₹98 Cr 66.1% | ₹59 Cr 555.6% | ₹9 Cr 65.4% | ₹26 Cr 62.5% | ₹16 Cr 300.0% | ₹4 Cr 300.0% | ₹1 Cr |
| Investments | ₹2.9K Cr 9.3% | ₹3.2K Cr 7.6% | ₹3.5K Cr 12.8% | ₹3.1K Cr 14.0% | ₹3.6K Cr 18.7% | ₹3.0K Cr 30.0% | ₹2.3K Cr 1.8% | ₹2.4K Cr 13.4% | ₹2.8K Cr 21.4% | ₹2.3K Cr |
| Other Assets | ₹8.9K Cr 0.8% | ₹8.8K Cr 16.4% | ₹7.6K Cr 15.7% | ₹6.5K Cr 15.3% | ₹5.7K Cr 8.9% | ₹5.2K Cr 3.6% | ₹5.4K Cr 13.3% | ₹4.8K Cr 12.5% | ₹4.2K Cr 8.7% | ₹3.9K Cr |
| Total Assets | ₹12.9K Cr 1.8% | ₹13.1K Cr 9.3% | ₹12.0K Cr 16.7% | ₹10.3K Cr 5.5% | ₹9.7K Cr 12.5% | ₹8.7K Cr 6.1% | ₹8.2K Cr 8.5% | ₹7.5K Cr 3.0% | ₹7.3K Cr 12.8% | ₹6.5K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-225 Cr 129.5% | ₹762 Cr 379.2% | ₹159 Cr 72.8% | ₹584 Cr 5.0% | ₹556 Cr 20.3% | ₹462 Cr 243.9% | ₹-321 Cr 198.8% | ₹325 Cr 24.1% | ₹428 Cr 95.4% | ₹219 Cr |
| Investing CF | ₹158 Cr 130.3% | ₹-522 Cr 536.6% | ₹-82 Cr 77.5% | ₹-365 Cr 42.6% | ₹-256 Cr 21.9% | ₹-210 Cr 153.4% | ₹393 Cr 297.5% | ₹-199 Cr 172.6% | ₹-73 Cr 76.8% | ₹-315 Cr |
| Financing CF | ₹-100 Cr 13.8% | ₹-116 Cr 310.9% | ₹55 Cr 151.4% | ₹-107 Cr 12.3% | ₹-122 Cr 58.5% | ₹-294 Cr 1533.3% | ₹-18 Cr 90.1% | ₹-181 Cr 14.2% | ₹-211 Cr 539.6% | ₹48 Cr |
| Net Cash Flow | ₹-166 Cr 235.0% | ₹123 Cr 7.5% | ₹133 Cr 17.7% | ₹113 Cr 36.9% | ₹179 Cr 526.2% | ₹-42 Cr 179.2% | ₹53 Cr 196.4% | ₹-55 Cr 138.5% | ₹143 Cr 404.3% | ₹-47 Cr |
| Free Cash Flow | ₹-416 Cr 187.9% | ₹473 Cr 2727.8% | ₹-18 Cr 103.4% | ₹537 Cr 0.0% | ₹537 Cr 41.7% | ₹379 Cr 194.3% | ₹-402 Cr 237.7% | ₹292 Cr 27.9% | ₹405 Cr 99.5% | ₹203 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53d 24.3% | 70d 16.7% | 84d 13.4% | 97d 11.5% | 87d 0.0% | 87d 5.4% | 92d 3.4% | 89d 1.1% | 88d 1.1% | 87d |
| Inventory Days | 83d 5.1% | 79d 0.0% | 79d 23.3% | 103d 22.6% | 84d 13.4% | 97d 27.6% | 76d 16.9% | 65d 16.7% | 78d 20.0% | 65d |
| Days Payable | 119d 15.0% | 140d 6.0% | 149d 18.1% | 182d 13.0% | 161d 9.0% | 177d 7.3% | 165d 5.2% | 174d 1.2% | 172d 10.3% | 156d |
| Cash Conv. Cycle | 17d 88.9% | 9d 35.7% | 14d 22.2% | 18d 100.0% | 9d 28.6% | 7d 133.3% | 3d 115.8% | -19d 216.7% | -6d 50.0% | -4d |
| Working Capital Days | 43d 138.9% | 18d 41.9% | 31d 18.4% | 38d 19.1% | 47d 4.1% | 49d 19.5% | 41d 28.1% | 32d 28.0% | 25d 19.0% | 21d |
| ROCE | 18.0% 100.0% | 9.0% 10.0% | 10.0% 23.1% | 13.0% 13.3% | 15.0% 16.7% | 18.0% 5.9% | 17.0% 22.7% | 22.0% 0.0% | 22.0% 15.8% | 19.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Voltas Limited
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.
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