Voltas Ltd (VOLTAS)
₹1,327.30
Mkt cap
₹43,918 Cr
P/E ratio
112.00
P/B
6.88
Div yield
0.30%
ROE
6.10%
ROCE
9.04%
EPS (TTM)
₹11.85
Book value
₹193
52W range
1,220–1,561
Sector
Consumer Discretionary
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. Voltas was created 6 decades ago when Tata Sons joined hands with a swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management. [1] The company has 5,000+ Customer sites actively managed across India [2]
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthModerate
TechnicalsBearish
52-week range
−14.99% from high₹1,327
₹1,220+8.78% from low₹1,561
Current
₹1,327.30
Prev close
₹1,326.00
Day
+0.10%
Price performance
1D
+0.10%
1W
−2.22%
1M
+1.91%
3M
−9.34%
6M
+0.23%
1Y
−4.56%
YTD
−7.19%
Financials
FRevenue, profit & margin
P/E ratio
112.0×
VOLTAS is 120% above the sector median of 50.9×
VOLTAS112.0×
Sector median50.9×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,957 | 3,360 | 2,293 | 2,626 | 4,203 | 4,921 | 2,619 | 3,105 | 4,768 | 3,939 | 2,347 | 3,071 | 4,888 | |
| Expenses | 2,767 | 3,206 | 2,256 | 2,633 | 4,051 | 4,527 | 2,489 | 2,940 | 4,467 | 3,786 | 2,313 | 2,926 | 4,703 | |
| Operating Profit | 190 | 154 | 37 | -8 | 152 | 394 | 130 | 165 | 301 | 153 | 34 | 145 | 185 | |
| OPM % | 6% | 5% | 2% | -0% | 4% | 8% | 5% | 5% | 6% | 4% | 1% | 5% | 4% | |
| Other Income | 47 | 70 | 71 | 58 | 54 | 80 | 105 | 59 | 80 | 82 | 65 | 22 | 43 | |
| Interest | 12 | 10 | 11 | 14 | 21 | 10 | 14 | 16 | 23 | 14 | 20 | 31 | 22 | |
| Depreciation | 10 | 11 | 12 | 13 | 12 | 13 | 16 | 18 | 14 | 18 | 24 | 21 | 21 | |
| Profit before tax | 214 | 203 | 85 | 24 | 174 | 452 | 205 | 191 | 343 | 203 | 54 | 116 | 184 | |
| Tax % | 33% | 36% | 58% | 216% | 36% | 26% | 35% | 31% | 31% | 31% | 42% | 27% | 39% | |
| Net Profit | 143 | 129 | 36 | -28 | 111 | 335 | 133 | 131 | 236 | 141 | 32 | 84 | 113 | |
| EPS in Rs | 4.35 | 3.91 | 1.11 | -0.92 | 3.52 | 10.10 | 4.05 | 3.99 | 7.28 | 4.24 | 1.04 | 2.57 | 3.51 | |
| Raw PDF |
Earnings
EResults dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.68% · closed higher next day 21 of last 58
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 11 Aug '23◦ | 19 Oct '23◦ | 31 Jan '24 | 8 May '24 | 12 Aug '24◦ | 30 Oct '24 | 29 Jan '25◦ | 7 May '25◦ | 8 Aug '25◦ | 13 Nov '25◦ | 29 Jan '26◦ | 14 May '26◦ |
| Earnings day | −0.38% | −2.41% | +7.46% | −5.07% | −0.58% | −4.11% | −13.89% | −1.68% | −4.58% | +1.05% | −1.57% | −4.86% |
| +1 day | −0.25% | −2.09% | +3.13% | −8.14% | −2.04% | −6.84% | −14.47% | −0.68% | −4.59% | +2.77% | −1.65% | −3.15% |
| +5 days | −0.67% | −0.51% | +2.16% | −6.17% | +5.90% | −0.21% | −5.40% | +1.48% | +5.67% | +4.41% | +6.37% | −1.96% |
| +15 days | +4.60% | −2.96% | +8.87% | −1.00% | +12.49% | −7.14% | −12.89% | +1.45% | +9.61% | −0.74% | +14.66% | −1.34% |
| +30 days | +5.12% | +0.74% | +5.58% | +6.83% | +20.75% | +2.12% | −4.85% | +1.37% | +5.17% | +3.23% | +4.25% | −1.23% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 4 Per Share | 4.00 | 12 Jun '26 | 12 Jun '26 |
Shareholding
Sas of Jun 202630.30%Promoter
Promoters30.30%
FIIs16.94%1.50
DIIs38.93%0.65
Public13.72%0.86
Government0.11%
Ownership trend
Peers
P7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| LG Electronics | ₹1,527.20 | 61.52 | 1,03,662 | 0.00% | 693 | −8.19% | 8,054 | +8.12% | 32.23% |
| Voltas | ₹1,327.30 | 111.80 | 43,918 | 0.30% | 113 | −51.80% | 4,888 | +2.52% | 9.04% |
| Blue Star | ₹1,637.20 | 60.24 | 33,663 | 0.52% | 227 | +10.41% | 4,072 | +1.32% | 21.24% |
| Amber Enterp. | ₹7,261.50 | 129.34 | 25,610 | 0.00% | 162 | −19.47% | 4,148 | +10.49% | 10.25% |
| Crompton Gr. Con | ₹250.15 | 45.99 | 16,108 | 1.20% | −537 | −31.74% | 2,083 | +10.90% | 18.98% |
| V-Guard Industri | ₹290.80 | 39.49 | 12,705 | 0.52% | 112 | +23.04% | 1,755 | +14.12% | 18.38% |
| Whirlpool India | ₹771.45 | 31.15 | 9,788 | 0.65% | 81 | −29.67% | 2,181 | +8.78% | 11.07% |
| Median: 23 Co. | ₹643.35 | 50.93 | 3,795 | 0.30% | 27 | −19.47% | 729 | +8.78% | 11.07% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013nseFinancial Year 2013bse
Concall transcripts31
TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024TranscriptSep 2024PPTSep 2024RECSep 2024TranscriptMay 2024RECMay 2024TranscriptFeb 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 JulAnnouncement under Regulation 30 (LODR)-Newspaper Publication 8 JulCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul - Voltas filed Regulation 74(5) compliance certificate for quarter ended 30 June 2026.Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 JunShareholder Meeting / Postal Ballot-Outcome of AGM 30 Jun






