Voltas Ltd (VOLTAS)
₹1,028.00
Mkt cap
₹34,015 Cr
P/E ratio
72.80
P/B
5.33
Div yield
0.39%
ROE
6.10%
ROCE
9.04%
EPS (TTM)
₹14.12
Book value
₹193
52W range
931–1,583
Sector
Consumer Discretionary
Price history
Previous close
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]
NSE VOLTASBSE 500575
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthModerate
TechnicalsBearish
52-week range
−35.04% from high₹1,028
₹931+10.48% from low₹1,583
Current
₹1,028.00
Prev close
₹1,041.00
Day
−1.25%
Price performance
1D
−1.25%
1W
+8.21%
1M
−5.69%
3M
−22.89%
6M
−30.30%
1Y
−28.17%
YTD
−28.12%
Financials
Revenue, profit & margin
P/E ratio
72.8×
VOLTAS is 138% above the sector median of 30.6×
VOLTAS72.8×
Sector median30.6×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,360 | 2,293 | 2,626 | 4,203 | 4,921 | 2,619 | 3,105 | 4,768 | 3,939 | 2,347 | 3,071 | 4,888 | 4,674 | |
| Expenses | 3,206 | 2,256 | 2,633 | 4,051 | 4,527 | 2,489 | 2,940 | 4,467 | 3,786 | 2,313 | 2,926 | 4,703 | 4,445 | |
| Operating Profit | 154 | 37 | -8 | 152 | 394 | 130 | 165 | 301 | 153 | 34 | 145 | 185 | 228 | |
| OPM % | 4.6% | 1.6% | -0.3% | 3.6% | 8% | 5.0% | 5% | 6% | 3.9% | 1.4% | 4.7% | 3.8% | 4.9% | |
| Other Income | 70 | 71 | 58 | 54 | 80 | 105 | 59 | 80 | 82 | 65 | 22 | 43 | 91 | |
| Interest | 10 | 11 | 14 | 21 | 10 | 14 | 16 | 23 | 14 | 20 | 31 | 22 | 13 | |
| Depreciation | 11 | 12 | 13 | 12 | 13 | 16 | 18 | 14 | 18 | 24 | 21 | 21 | 21 | |
| Profit before tax | 203 | 85 | 24 | 174 | 452 | 205 | 191 | 343 | 203 | 54 | 116 | 184 | 285 | |
| Tax % | 36% | 58% | 216% | 36% | 26% | 35% | 31% | 31% | 31% | 42% | 27% | 39% | 25% | |
| Net Profit | 129 | 36 | -28 | 111 | 335 | 133 | 131 | 236 | 141 | 32 | 84 | 113 | 213 | |
| EPS in Rs | 3.91 | 1.11 | -0.92 | 3.52 | 10.10 | 4.05 | 3.99 | 7.28 | 4.24 | 1.04 | 2.57 | 3.51 | 6.46 | |
| Raw PDF |
Earnings
Results dates & reactionsNext results
6 Nov '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.29% · closed higher next day 22 of last 59
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 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◦ | 14 Aug '26◦ |
| Earnings day | −2.41% | +7.46% | −5.07% | −0.58% | −4.11% | −13.89% | −1.68% | −4.58% | +1.05% | −1.57% | −4.86% | −4.05% |
| +1 day | −2.09% | +3.13% | −8.14% | −2.04% | −6.84% | −14.47% | −0.68% | −4.59% | +2.77% | −1.65% | −3.15% | −5.12% |
| +5 days | −0.51% | +2.16% | −6.17% | +5.90% | −0.21% | −5.40% | +1.48% | +5.67% | +4.41% | +6.37% | −1.96% | −5.94% |
| +15 days | −2.96% | +8.87% | −1.00% | +12.49% | −7.14% | −12.89% | +1.45% | +9.61% | −0.74% | +14.66% | −1.34% | −11.61% |
| +30 days | +0.74% | +5.58% | +6.83% | +20.75% | +2.12% | −4.85% | +1.37% | +5.17% | +3.23% | +4.25% | −1.23% | −17.46% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 4 Per Share | 4.00 | 12 Jun '26 | 12 Jun '26 |
Shareholding
as of Sep 202630.30%Promoter
Promoters30.30%
FIIs16.94%
DIIs38.51%0.42
Public14.24%0.52
Government0.00%0.11
Ownership trend
Peers
7 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 | ₹1,661.40 | 61.80 | 1,12,771 | 0.00% | 653 | +27.20% | 7,233 | +15.49% | 32.27% |
| Voltas | ₹1,028.00 | 72.84 | 34,015 | 0.39% | 213 | +52.19% | 4,674 | +18.66% | 9.04% |
| Blue Star | ₹1,627.90 | 62.45 | 33,472 | 0.52% | 124 | +6.85% | 2,931 | +21.00% | 21.24% |
| Amber Enterp. | ₹5,865.00 | 100.25 | 20,685 | 0.00% | 3 | −3.37% | 3,888 | +12.72% | 10.29% |
| Crompton Gr. Con | ₹191.55 | 25.77 | 12,334 | 1.57% | 110 | +29.05% | 1,932 | +18.42% | 18.98% |
| V-Guard Industri | ₹280.20 | 28.72 | 12,247 | 0.54% | 112 | +71.04% | 1,853 | +38.18% | 18.38% |
| Whirlpool India | ₹814.50 | 37.90 | 10,334 | 0.61% | 103 | −29.40% | 2,727 | +12.10% | 10.67% |
| Median: 23 Co. | ₹490.85 | 30.57 | 3,854 | 0.39% | 26 | +27.20% | 814 | +18.66% | 10.93% |
Filings
Annual reports15
Concall transcripts34
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024TranscriptSep 2024PPTSep 2024RECSep 2024
Credit ratings6
Announcements5
Board Meeting Intimation for Board Meeting For Consideration Of Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026. 30 Oct - Board meeting on 6 November 2026 to approve Q2 and half-year FY2026 unaudited results.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Oct - Voltas filed Regulation 74(5) compliance certificate for quarter ended 30 September 2026.Update On Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') 12 Oct - GST Authority dropped 2022-23 notice on 9 Oct 2026, giving Voltas complete relief from ₹15.43 crore demand.Closure of Trading Window 23 SepIntimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Receipt Of Show Cause Notice 21 Sep - Show cause notice dated 18 Sep 2026 over ₹15.43 crore GST demand plus ₹14.79 crore interest and penalty.