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43% Buy

Voltas Share Price

VOLTAS

₹1,509.75-₹2.85 (-0.19%) TodayLast updated on 25 Jun, 2024 | 02:07 PM IST
₹1,499.45₹1,524.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹49,583 Crs

Open

₹1,506.10

Close

₹1,512.60

Circuit range

₹1,657.80 - ₹1,356.40

Day range

₹1,499.45 - ₹1,524.00

Year range

₹745.00 - ₹1,560.00

Volume

6,13,374

Avg. traded

₹1,510.91

Revenue (12m)

₹12,481 Crs

Voltas

Voltas Limited is a multinational company that makes and sells home appliances and provides engineering solutions. The company was formed on September 6, 1954, in Mumbai through a partnership between Tata Sons and the Switzerland-based Volkart Brothers. Voltas is one of India's largest air conditioning companies. It is among the top ten companies within the TATA group with a consolidated revenue of above a billion dollars.

The market capitalisation of Voltas Limited is over ₹33,300 crore as of January 5, 2024. Voltas share price has gained over 20% over the past three years.

Business operations

Voltas Limited specialises in electro-mechanical projects and services, including electrical, mechanical and refrigeration solutions. It also engages in water management and treatment. Voltas provides specific expertise in engineering products and services, particularly focused on textile machinery.

Apart from manufacturing unitary cooling products such as air conditioners and commercial refrigeration units, the company offers specialised equipment and services in the mining and construction vertical.

Voltas Limited has made an impact across 14 different industries. With a vast network, it serves over 25,000 customer sites throughout India. Its products have served over 10 million households so far.

The company has solid manufacturing capabilities with four existing manufacturing locations. It has added two facilities in Gujarat’s Waghodia and Sanand in the last five years. Its manufacturing capacity stands at 5 lakh tons for commercial air conditioning and 2.7 million units for room air conditioners. At present, Voltas operates four top-tier manufacturing facilities. Among these, Pantnagar handles the production of room air conditioners and commercial refrigeration products. Waghodia specialises in commercial air conditioning while Sanand is dedicated to Voltas Beko for home appliances. The factory in Sanand has a remarkable production capacity of 1 million units.

Voltbek Home Appliances Private Limited (Voltbek) is a joint venture, equally shared between Voltas and Araelik - a major household appliance manufacturer in Europe. This partnership has empowered Voltas by tapping into Arçelik’s R&D capabilities and merging them with Voltas’ expansive distribution network. This has made Voltas Beko one of India's fastest-growing brands.

Under the Voltas Beko brand, more than 3.3 million units of home appliances including refrigerators, washing machines, microwaves, and dishwashers have been sold.

During the financial year 2022-23, the company finalised the Business Transfer Agreement (BTA) to transfer its B2B businesses. The agreement was signed with its wholly-owned subsidiary, Universal MEP Projects & Engineering Services Limited (UMPESL). UMPESL is a platform through which Voltas offers multiple engineering solutions.

Voltas Limited employed a workforce of 4,062 people as of March 31, 2023. The company has 9 subsidiaries, 4 joint ventures.

Financial Highlights

Voltas Limited's revenue from operations for FY23 stood at ₹9,498.77 crore, up 19.7% from ₹7,934.45 crore in FY22. The net profit after tax for 2022-23 was ₹136.22 crore compared to ₹506 crore during the previous year. The company's earnings per share (EPS) stood at ₹4.08 in FY23 compared to ₹15.23 in the previous financial year.

Voltas Key indicators

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52 week high

₹1,560.00

52 week low

₹745.00

P/E ratio

196.69

P/B ratio

8.52

ROE

8.47%

ROCE

10.41%

Dividend yield

0.37%

Debt/Equity ratio

0.05

EPS

18.27

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

43%

Hold

31%

Sell

26%

This analysis is based on the reviews of 35 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

9.46%

Net profit margin

6.96%

ROE

8.47%

ROA

5.54%

ROCE

10.41%

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Voltas Shareholder returns

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1 day

+0.21%

1 week

+0.31%

1 month

+14.79%

3 months

+37.20%

1 year

+88.99%

3 years

+45.93%

5 years

+138.39%

Voltas Share Price history

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DayOpenCloseDay’s change
Mon, Jun 24 2024
₹1,481.00
₹1,512.60
+1.71%
Fri, Jun 21 2024
₹1,488.00
₹1,487.20
+0.21%
Thu, Jun 20 2024
₹1,482.80
₹1,484.05
+0.43%
Wed, Jun 19 2024
₹1,545.65
₹1,477.75
-3.80%
Tue, Jun 18 2024
₹1,499.55
₹1,536.15
+2.51%
Fri, Jun 14 2024
₹1,490.00
₹1,498.50
+1.07%
Thu, Jun 13 2024
₹1,450.00
₹1,482.65
+2.45%
Wed, Jun 12 2024
₹1,461.75
₹1,447.25
-0.92%

Shareholding info

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Promoters (30.3%)

Mutual Funds (24.17%)

Retail and other (14.4%)

Foreign institutions-FII (14.71%)

Other domestic institutions (16.42%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4.25/share

    Ex date 09 Jun 2023

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  • Dividend • ₹5.5/share

    Ex date 09 Jun 2022

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  • Dividend • ₹5.5/share

    Ex date

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Frequently asked questions