Voltas

₹1627.2 -11.1 | 0.7%

WEBSITE BSE:500575 NSE : VOLTAS LTD 15 Jan, 12:26

Market Cap ₹53842 Cr.

Stock P/E 216.9

P/B 6.8

Current Price ₹1627.2

Book Value ₹ 239.5

Face Value 1

52W High ₹1946.2

Dividend Yield 0.34%

52W Low ₹ 989.4

Edit Ratio

Voltas Research see more...

Equity Research Report: Voltas

Overview Inc. Year: 1954Industry: Air Conditioners

Voltas Limited is an India-based employer, that is engaged in offering air conditioning and cooling merchandise, engineering tasks and engineering services and products. Its section consists of Unitary Cooling Products for Comfort and Commercial use section, which is engaged in production, promoting and after sales offerings of cooling appliances and cold storage merchandise; Electro - Mechanical Projects and Services phase, which incorporates electricals, HVAC (heating, air flow and aircon), plumbing, firefighting, more low voltage (ELV) and specialized services, Facilities Maintenance and Hard Services, which consist of Operations and Maintenance (O&M) contracts in numerous sectors, retrofits and electricity management and Water Solutions, which encompass water treatment solutions for business, oil and fuel and domestic sewage segments and Engineering Products and Services phase, which consists of material machinery and mining and production system..

Voltas Share Price

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Price

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Quarterly Price

Quarterly Monthly

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Peer Comparison

Voltas Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Voltas Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	5151	5169	5149	5410	5809	6693	7207	6378	7099	7675	8688
Other Income	131	149	189	267	248	263	251	220	168	175	303
Total Income	5283	5318	5338	5678	6057	6956	7457	6598	7266	7850	8990
Total Expenditure	4988	4864	4844	4993	5343	6308	6552	5816	6456	7248	8169
Operating Profit	295	454	494	685	713	648	905	782	811	602	822
Interest	16	16	8	10	8	23	9	19	15	12	21
Depreciation	19	22	19	18	19	20	29	30	33	36	43
Exceptional Income / Expenses	-3	18	21	-6	-4	26	-55	0	0	975	0
Profit Before Tax	257	434	488	651	683	631	813	733	763	1528	758
Provision for Tax	75	104	139	165	182	166	218	163	180	123	154
Profit After Tax	181	329	349	486	501	464	595	570	583	1405	604
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	181	329	349	486	501	464	595	570	583	1405	604
Adjusted Earnings Per Share	5.5	10	10.6	14.7	15.2	14	18	17.2	17.6	42.5	18.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	11%	5%	5%
Operating Profit CAGR	37%	2%	5%	11%
PAT CAGR	-57%	2%	5%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	53%	8%	19%	20%
ROE Average	8%	14%	14%	15%
ROCE Average	10%	16%	17%	19%

Voltas Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1598	1840	2506	2985	3514	3743	4218	4985	5569	6773	7498
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	5	4	9	21	228
Other Non-Current Liabilities	80	75	41	56	60	18	81	84	120	118	170
Total Current Liabilities	2406	2296	2212	2533	2887	3003	3307	2888	3519	3130	3873
Total Liabilities	4084	4211	4759	5574	6462	6764	7611	7961	9217	10042	11770
Fixed Assets	175	156	179	161	161	206	254	251	250	388	410
Other Non-Current Assets	565	971	1508	2338	2538	1654	2448	3459	3983	5145	5757
Total Current Assets	3344	3084	3072	3076	3763	4905	4909	4251	4984	4510	5603
Total Assets	4084	4211	4759	5574	6462	6764	7611	7961	9217	10042	11770

Voltas Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	255	203	144	127	206	174	228	183	314	453	374
Cash Flow from Operating Activities	334	221	273	290	298	-310	336	571	669	35	419
Cash Flow from Investing Activities	-292	-59	-270	-57	-151	445	-176	-311	-370	-72	-244
Cash Flow from Financing Activities	-93	-221	-20	-154	-178	-82	-204	-129	-159	-42	-56
Net Cash Inflow / Outflow	-51	-59	-17	79	-32	53	-45	131	139	-78	119
Closing Cash & Cash Equivalent	203	144	127	206	174	227	183	314	453	374	493

Voltas Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	5.49	9.95	10.56	14.7	15.15	14.04	17.99	17.24	17.64	42.48	18.27
CEPS(Rs)	6.06	10.63	11.14	15.25	15.73	14.64	18.85	18.14	18.64	43.58	19.56
DPS(Rs)	1.85	2.25	2.6	3.5	4	4	4	5	5.5	4.25	5.5
Book NAV/Share(Rs)	48.31	55.62	75.76	90.23	106.23	113.15	127.52	150.69	168.34	204.75	226.67
Core EBITDA Margin(%)	3.16	5.87	5.89	7.63	7.98	5.76	9.08	8.82	9.06	5.56	5.97
EBIT Margin(%)	5.26	8.67	9.58	12.07	11.84	9.77	11.4	11.8	10.96	20.07	8.97
Pre Tax Margin(%)	4.95	8.35	9.43	11.9	11.71	9.42	11.28	11.5	10.75	19.91	8.73
PAT Margin (%)	3.5	6.34	6.75	8.88	8.59	6.94	8.26	8.94	8.22	18.31	6.96
Cash Profit Margin (%)	3.86	6.78	7.12	9.22	8.92	7.23	8.65	9.41	8.69	18.78	7.45
ROA(%)	4.48	7.94	7.79	9.41	8.33	7.02	8.28	7.32	6.79	14.59	5.54
ROE(%)	11.78	19.16	16.08	17.71	15.43	12.8	14.95	12.39	11.06	22.77	8.47
ROCE(%)	15.65	24.42	21.96	23.27	20.93	17.67	20.13	16.01	14.4	24.13	10.41
Receivable days	78.35	77.65	77.83	74.89	77.13	72.85	71.59	82.53	76.42	66.8	63.13
Inventory Days	54.46	49.46	43.96	44.4	47.51	47.59	62.38	78.24	75.31	76.15	76.14
Payable days	128.2	130.62	128.59	143.01	160.5	156.33	167.86	177.76	161.05	146.06	130.64
PER(x)	29.33	28.06	26.22	28.04	40.96	44.9	26.62	58.11	70.56	19.26	60.41
Price/Book(x)	3.33	5.02	3.66	4.57	5.84	5.57	3.76	6.65	7.39	4	4.87
Dividend Yield(%)	1.15	0.81	0.94	0.85	0.64	0.63	0.84	0.5	0.44	0.52	0.5
EV/Net Sales(x)	1.03	1.77	1.78	2.49	3.5	3.1	2.18	5.16	5.75	3.51	4.19
EV/Core EBITDA(x)	17.98	20.14	18.51	19.7	28.53	32	17.38	42.09	50.37	44.81	44.29
Net Sales Growth(%)	-7.44	0.34	-0.39	5.08	7.36	15.23	7.67	-11.5	11.3	8.12	13.2
EBIT Growth(%)	1.31	64.87	10.28	33.2	4.48	-5.29	25.69	-8.42	3.35	98.1	-49.43
PAT Growth(%)	0.78	81.41	6.11	39.17	3.09	-7.33	28.12	-4.17	2.31	140.85	-57
EPS Growth(%)	0.78	81.41	6.11	39.15	3.09	-7.33	28.12	-4.17	2.31	140.85	-57
Debt/Equity(x)	0.12	0.03	0.05	0.02	0.01	0.03	0.02	0.02	0.03	0.04	0.05
Current Ratio(x)	1.39	1.34	1.39	1.21	1.3	1.63	1.48	1.47	1.42	1.44	1.45
Quick Ratio(x)	1.09	1.04	1.14	0.91	1.05	1.3	1.04	1.03	0.95	0.95	0.91
Interest Cover(x)	17.07	27.67	61.5	68.39	92.03	28.51	92.95	39.4	53.45	123.65	37.31
Total Debt/Mcap(x)	0.04	0.01	0.01	0.01	0	0.01	0.01	0	0	0.01	0.01

Voltas Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	30.3	30.3	30.3	30.3	30.3	30.3	30.3	30.3	30.3	30.3
FII	24.67	24.37	21.58	20.57	19.08	17.83	17.17	14.71	15.08	18.08
DII	29.65	29.64	31.67	33.36	33.84	36.03	37.21	40.59	40.41	37.46
Public	15.38	15.69	16.46	15.77	16.78	15.84	15.32	14.4	14.21	14.16
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	10.03	10.03	10.03	10.03	10.03	10.03	10.03	10.03	10.03	10.03
FII	8.16	8.06	7.14	6.81	6.31	5.9	5.68	4.87	4.99	5.98
DII	9.81	9.81	10.48	11.04	11.2	11.92	12.31	13.43	13.37	12.4
Public	5.09	5.19	5.45	5.22	5.55	5.24	5.07	4.77	4.7	4.69
Others	0	0	0	0	0	0	0	0	0	0
Total	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09

Pros

Debtor days have improved from 146.06 to 130.64days.
Company is almost debt free.

Cons

Promoter holding is low: 30.3%.
Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 6.8 times its book value.
The company has delivered a poor profit growth of 5% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Voltas News

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Voltas

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Voltas Research see more...

Overview Inc. Year: 1954Industry: Air Conditioners

Voltas Share Price

Alert Data

Quarterly Price

Peer Comparison

Voltas Quarterly Results

Voltas Profit & Loss

Growth Rates

Voltas Balance Sheet

Voltas Cash Flow

Voltas Ratios

Voltas Shareholding Pattern

Voltas News

IPO

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