Voltas Ltd
NSE: VOLTAS · Household Appliances · sector
₹947.60NSE close 2026-10-26
Key numbers
Market cap₹31,347 cr
Price₹947.60
52w high / low₹1,582 / ₹948
P/E69.8xSector median 41.4x
P/B4.9xSector median 4.5x
Book value₹192.8
Dividend yield0.74%Sector median 0.69%
ROE7.0%Sector median 10.0%
ROCE11.8%Sector median 11.2%
OPM4.7%Sector median 6.7%
Debt / equity0.15xSector median 0.03x
EV/EBITDA44.2xSector median 20.9x
Interest cover10.1x
Current ratio1.37x
Sales growth 3y+14.5%Sector median +7.1%
Profit growth 3y+40.7%Sector median +9.6%
PEG1.72x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Household Appliances (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,058 cr vs borrowings ₹966 cr (FY26): cash is higher (net cash).
- Borrowings rose in each of the last 3 years (₹616 cr → ₹966 cr).
- Operating profit covered interest 10.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 55% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹947.60 on 2026-10-26: -40.1% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,882.45 · low ₹947.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,619 | 3,105 | 4,768 | 3,939 | 2,347 | 3,071 | 4,888 | 4,674 |
| EBITDA | 162 | 197 | 333 | 179 | 70 | 151 | 221 | 266 |
| OPM % | 6.2% | 6.4% | 7.0% | 4.5% | 3.0% | 4.9% | 4.5% | 5.7% |
| Other income | 105 | 59 | 80 | 82 | 65 | 49 | 43 | 91 |
| Net profit | 134 | 132 | 241 | 140 | 34 | 85 | 116 | 214 |
| EPS (₹) | 4.05 | 3.99 | 7.28 | 4.25 | 1.03 | 2.57 | 3.51 | 6.46 |
| Revenue YoY | -10.4% | -1.1% | +2.5% | +18.7% | ||||
| Profit YoY | -74.4% | -35.7% | -51.8% | +52.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7,934 | 9,499 | 12,481 | 15,413 | 14,244 | 14,979 |
| EBITDA | 682 | 329 | 475 | 1,116 | 620 | 707 |
| Net profit | 504 | 135 | 252 | 841 | 376 | 449 |
| EPS (₹) | 15.23 | 4.08 | 7.62 | 25.43 | 11.36 | 13.57 |
| Revenue growth | +19.7% | +31.4% | +23.5% | -7.6% | +3.8% | |
| Profit growth | -73.2% | +86.7% | +233.9% | -55.3% | -30.6% | |
| Dividend / share (₹) | 5.00 | 5.50 | 4.25 | 5.50 | 7.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +14.5% | +13.8% | +3.8% |
| Net profit | +40.7% | -6.5% | -30.6% |
| EPS | +40.7% | +9.6% | – |
| Share price | – | -25.8% (2y) | -31.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 5,452 | 5,820 | 6,513 | 6,376 |
| Borrowings | – | 616 | 713 | 863 | 966 |
| Cash & equivalents | – | 1,016 | 1,354 | 1,077 | 1,058 |
| Total assets | – | 10,279 | 12,036 | 13,152 | 14,510 |
| Fixed assets | – | 361 | 390 | 820 | 967 |
| Capital work in progress | – | 98 | 368 | 82 | 22 |
| Investments | – | 2,801 | 2,768 | 2,638 | 2,307 |
| Receivables | – | 2,192 | 2,533 | 2,511 | 3,035 |
| Inventory | – | 1,592 | 2,135 | 2,715 | 3,433 |
| Payables | – | 3,013 | 3,856 | 3,893 | 5,228 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 695 | 159 | 762 | -224 | 71 |
| Cash from investing | -365 | -82 | -522 | 158 | 282 |
| Cash from financing | -107 | 55 | -116 | -100 | -262 |
| Capex | 48 | 180 | 293 | 208 | 133 |
| Free cash flow | 646 | -21 | 468 | -432 | -62 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 2.5% | 4.3% | 12.9% | 5.9% |
| ROCE % | – | 7.5% | 10.4% | 18.7% | 10.5% |
| Debtor days | – | 84 | 74 | 59 | 78 |
| Inventory days | – | 79 | 79 | 83 | 113 |
| Payable days | – | 149 | 143 | 119 | 172 |
| Cash conversion cycle (days) | – | 14 | 10 | 23 | 19 |
| Working capital days | – | 70 | 58 | 68 | 71 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 30.30% |
| FIIs | 16.94% |
| DIIs | 38.52% |
| of which Mutual funds | 15.48% |
| of which Insurance | 15.85% |
| Government | 0.00% |
| Public (non-institutions) | 14.24% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% |
| Promoter group | % |
|---|---|
| Tata Sons Private Limited | 26.64% |
| Tata Investment Corporation Ltd | 3.01% |
| Ewart Investments Limited | 0.58% |
| The Tata Power Company Limited | 0.07% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| AI Fleet Services IFSC Limited | 0.00% |
| Air India Express Limited | 0.00% |
| Air India Limited | 0.00% |
| Akashastha Technologies Private Limited | 0.00% |
| APTOnline Limited | 0.00% |
| Ardent Properties Private Limited | 0.00% |
| Arrow Infraestate Pvt Limited | 0.00% |
| Artson Limited | 0.00% |
| Automotive Stampings and Assemblies Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India - P & Gs Fund | 7.39% |
| NPS Trust- A/C SBI Pension Fund Scheme - State Govt | 6.09% |
| Nippon Life India Trustee Ltd (Various Accounts) | 5.37% |
| SBI Life Insurance Co. Ltd | 2.23% |
| HDFC Life Insurance Company Limited | 2.02% |
| Kotak Midcap Fund (Various Accounts) | 1.89% |
| ICICI Prudential Life Insurance Company Limited | 1.60% |
| SBI Large & Midcap Fund (Various Accounts) | 1.35% |
| DSP Mid Cap Fund (Various Accounts) | 1.29% |
| ICICI Prudential Multi Cap Fund (Various Accounts) | 1.17% |
| Mirae Asset Arbitrage Fund (Various Accounts) | 1.13% |
| Vanguard Total International Stock Index Fund | 1.03% |
2,74,917 shareholders. Pledged: 0.00% of promoter shares.
Peers in Household Appliances
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LGEINDIA | ₹1,10,056 cr | 60.3x | 14.4x | 23.8% | 33.0% | 10.1% | – | – |
| VOLTAS | ₹31,347 cr | 69.8x | 4.9x | 7.0% | 11.8% | 4.7% | +14.5% | 0.74% |
| BLUESTARCO | ₹30,933 cr | 60.8x | 9.0x | 15.7% | 18.4% | 6.8% | +15.8% | 0.59% |
| AMBER | ₹20,836 cr | 216.5x | 4.8x | 2.9% | 8.7% | 6.7% | +20.7% | – |
| CROMPTON | ₹12,488 cr | – | 4.1x | -5.5% | 1.6% | 1.8% | +5.6% | 1.54% |
| VGUARD | ₹11,619 cr | 32.0x | 4.9x | 16.3% | 20.7% | 9.1% | +13.1% | 0.56% |
| WHIRLPOOL | ₹10,192 cr | 40.6x | 2.5x | 6.2% | 9.2% | 4.6% | +6.4% | 0.63% |
| TTKPRESTIG | ₹7,197 cr | 37.2x | 3.6x | 10.0% | 13.8% | 9.3% | +2.3% | 1.14% |
| EUREKAFORB | ₹5,880 cr | 32.7x | 1.3x | 4.0% | 5.5% | 10.7% | – | – |
| BOSCH-HCIL | ₹4,658 cr | 1,070.7x | 9.3x | 0.8% | 3.9% | 1.9% | +4.2% | 2.96% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Segment - A ( Unitary Cooling Products ) | ₹9,501 cr | 67.1% | ₹305 cr | 3.2% |
| Segment - B ( Electro - Mechanical Projects and Services ) | ₹4,052 cr | 28.6% | ₹299 cr | 7.4% |
| Segment - C ( Engineering Products and Services ) | ₹599 cr | 4.2% | ₹158 cr | 26.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 4 Per Share |
| 2025-06-20 | Dividend | Dividend - Rs 7 Per Share |
| 2024-06-25 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2023-06-09 | Dividend | Annual General Meeting/Dividend - Rs 4.25 Per Share |
| 2022-06-09 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2021-08-11 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2020-08-05 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2019-07-17 | Dividend | Annual General Meeting/ Dividend - Rs 4 Per Share |
| 2018-08-03 | Dividend | Annual General Meeting / Dividend- Rs 4 Per Share |
| 2017-08-04 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2016-08-05 | Dividend | Annual General Meeting And Dividend Rs.2.60 Per Share |
| 2015-07-10 | Dividend | Annual General Meeting/Dividend - Rs 2.25/- Per Share |
| 2014-08-08 | Dividend | Annual General Meeting / Dividend - Rs 1.60/- Per Share & Special Diamond Jubilee Dividend - Re 0.25/- Per Share |
| 2013-08-02 | Dividend | Annual General Meeting / Dividend - Rs 1.60/- Per Share |
| 2012-08-01 | Dividend | Annual General Meeting And Dividend Rs.1.60 Per Share |
| 2011-07-22 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2010-07-16 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2009-07-10 | Other | Agm/Div-Rs.1.60 Per Share |
| 2008-06-27 | Dividend | Agm/Dividend-135% |
| 2007-07-06 | Dividend | Agm/Dividend-100% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Unitary Cooling Products: Room Air conditioners, Air Coolers, Commercial Refrigeration products, and Commercial Air Conditioners
- Electro-Mechanical projects and Services: Mechanical, Electrical, Plumbing, and Water projects
| Sector | Consumer Discretionary |
| Industry | Household Appliances |
| Sub-industry | Household Appliances |
| Symbol | VOLTAS |
| BSE code | 500575 |
| ISIN | INE226A01021 |
| Face value | ₹1.0 |
| Incorporated | 1954-09-06 |
| Website | www.voltas.in |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.