Voltas Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Low debt relative to equity (D/E 0.2x)
Concerns
- ✗Premium to sector peers (P/E 104x vs industry 44x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,268 | ₹3.6L Cr | 70.3 | 24.11 | 37.7 | 25.8 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,677 | ₹2.6L Cr | 57.5 | 12 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,500 -0.69% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,152 | ₹74K Cr | 43.6 | 7.63 | 19 | 24.9 | 0.03 |
| DIXON Dixon Technologies (India) Limited | ₹11,450 | ₹71K Cr | 49.3 | 14.89 | 37.4 | 42 | 0.34 |
| BERGEPAINT Berger Paints (I) Limited | ₹490 -0.81% | ₹59K Cr | 50.8 | 8.27 | 17.8 | 22.2 | 0.11 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹372 | ₹36K Cr | 26.4 | 6.1 | 24.8 | 20.5 | 1 |
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
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 | 5.0% ▲400.0% | 1.0% ▼75.0% | 4.0% ▼33.3% | 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 | 4.0% ▼33.3% | 6.0% ▲100.0% | 3.0% ▼40.0% | 5.0% ▼28.6% | 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 | ₹-224 Cr ▼129.4% | ₹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 | ₹-415 Cr ▼187.7% | ₹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 | 59d ▼15.7% | 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 | 24d ▲166.7% | 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.
Consumer Durables · Consumer Durables