Voltas Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –Voltas is involved primarily in air conditioning, refrigeration installation and maintenance, and undertake domestic and international (Middle East and Singapore) engineering projects as an EPC contractor and provide engineering product services for mining, water management and treatment construction equipments and textile industries.
Brought into existence sixty years ago, Voltas saw the convergence of Tata Sons and a firm known as Volkart Brothers based out of Switzerland. Voltas is also a most famous engineers’ solution project wherein it concentrates on all aspects of project management engineering. The company has 5,000+ Customer sites actively managed across India.
Voltas Overview
Contents
On the 6th of September in 1954, Voltas Limited came to be as one of the companies forming a part of the Tata Group. Notably, the firm has Switzerland-based Volkart Brothers and India’s Tata Sons Pvt Ltd as Joint Promoters. The company has cemented its position as the indisputable kingpin in Space Cooling Products in general and as the N0.1 Room Air Conditioner manufacturer, in particular, in the Indian market.
| Company Name | Voltas Ltd |
|---|---|
| Listed at | NSE & BSE |
| Head Office | Dr. Babasaheb Ambedkar Road, Chinchpokli, Mumbai – 400 033, India |
| Board Of Directors |
|
| Official Website | voltas.com |
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Voltas Business Profile
The Unitary Cooling products range includes room air conditioners (RAC), air coolers, air purifiers, water heaters, water dispensers, water coolers, visi coolers, chest freezers, cold rooms and medical refrigeration.
As of Q1FY25, the firm holds a 21.2% share of the room Acs market and 36% share of the window Acs market. It has over 30,000 touchpoints, more than 330 EBOs, and 5 Experience Zones. The firm has managed to achieve sales of 1 mn units in a span of 88 days.
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Voltas Beko
Voltas made its entry into the home appliance sector and launched its brand Voltas Beko in 2018 in a Joint Venture with Turkish company Arcelik. It is a company that manufactures fridges, washing machines, microwave ovens and dishwashers. 5.2% is the market share.
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International Operations Business Group
The firm is active within the field of Mechanical, Electrical and Plumbing works (MEP), Heating Ventilation and Air Conditioning (HVAC) and Water Management Activities. IOBG is one of the companies that offers broad range of electro mechanical services and solutions to its
clients in Middle East and Asia region. The company has successfully completed numerous works throughout the GCC region including Dubai, Oman, Qatar, Bahrain and etc. The company has an order book of Rs.2,734 crs. in Q1FY25.
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Universal MEP Projects & Engineering Services
The organization has reorganized its B2B operations in this regard. The company has a current order book of approximately ₹ 4770 crores as on Q1FY25. It has Finished Water Projects of SAIL, Bokaro & Rourkela and OWSSB Cuttack. Also provided Solar EPC Project, has received orders worth approx. ₹ 500 crores for Water supply under Jal Jeevan Mission. It has completed 265 water treatment and distribution plants in Madhepura (Bihar). The Company is involved in similar groundwater projects, covering 600 villages in the State of UP.
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During the fiscal year 23, the firm has signed a technology licensing contract with Vestfrost Solutions, a company based in Denmark, to create, produce, market and maintain medical refrigeration and vaccine storage equipment. This will allow the company to tap into the Bio Medical and Cold Chain sectors within the Indian market for refrigeration equipment for vaccines which include ice-lined refrigerators, vaccine freezers and ultravaccine freezers.
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Voltas Fundamentals & Quarterly Results
| Market Cap | ₹ 59,877 Cr. |
| Current Price | ₹ 1,810 |
| High / Low | ₹ 1,946 / 807 |
| Stock P/E | 132 |
| Book Value | ₹ 176 |
| Dividend Yield | 0.30% |
| ROCE | 8.51% |
| ROE | 4.40% |
| Face Value | ₹ 1.00 |
| FCF Prev Ann | ₹ -18.1 Cr. |
| Debt to Equity | 0.13 |
| Debt (Preceding Year) | ₹ 651 Cr. |
| Reserves | ₹ 5,787 Cr. |
| Quick Ratio | 0.88 |
| Current Ratio | 1.25 |
| Free Cash Flow | ₹ 473 Cr. |
| PEG Ratio | -9.71 |
| Piotroski Score | 6.00 |
| Pledged Percentage | 0.00% |
| Interest Coverage | 14.2 |
| Debt (3 Years Back) | ₹ 261 Cr. |
| Graham Number | ₹ 234 |
| Debt | ₹ 744 Cr. |
| Volume | 15,19,789 |
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Voltas Quarterly Results
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,768 | 1,768 | 2,006 | 2,957 | 3,360 | 2,293 | 2,626 | 4,203 | 4,921 |
| Expenses | 2,622 | 1,696 | 1,962 | 2,767 | 3,206 | 2,256 | 2,633 | 4,051 | 4,527 |
| Operating Profit | 146 | 72 | 44 | 190 | 154 | 37 | -8 | 152 | 394 |
| OPM % | 5% | 4% | 2% | 6% | 5% | 2% | -0% | 4% | 8% |
| Other Income | 27 | -42 | -107 | 47 | 70 | 71 | 58 | 54 | 80 |
| Interest | 4 | 7 | 6 | 12 | 10 | 11 | 14 | 21 | 10 |
| Depreciation | 8 | 10 | 11 | 10 | 11 | 12 | 13 | 12 | 13 |
| Profit before tax | 160 | 13 | -80 | 214 | 203 | 85 | 24 | 174 | 452 |
| Tax % | 32% | 145% | 37% | 33% | 36% | 58% | 216% | 36% | 26% |
| Net Profit | 110 | -6 | -110 | 143 | 129 | 36 | -28 | 111 | 335 |
| EPS in Rs | 3.29 | -0.22 | -3.34 | 4.35 | 3.91 | 1.11 | -0.92 | 3.52 | 10.10 |
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CAGR Report
| 10 Years | 5 Years | 3 Years | TTM / 1 Year | |
|---|---|---|---|---|
| Compounded Sales Growth | 9% | 12% | 18% | 39% |
| Compounded Profit Growth | 1% | -14% | -22% | 37% |
| Stock Price CAGR | 23% | 22% | 12% | 104% |
| Return on Equity | 11% | 8% | 6% | 4% |
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| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|
| Promoters | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% | 30.30% |
| FIIs | 13.67% | 9.87% | 14.38% | 26.19% | 20.58% | 14.71% | 15.08% |
| DIIs | 34.69% | 39.63% | 37.22% | 27.83% | 33.14% | 40.36% | 40.19% |
| Government | 0.42% | 0.41% | 0.24% | 0.21% | 0.21% | 0.21% | 0.21% |
| Public | 20.92% | 19.79% | 17.86% | 15.47% | 15.78% | 14.41% | 14.22% |
| No. of Shareholders | 1,16,403 | 1,21,793 | 1,50,995 | 1,71,620 | 2,73,047 | 2,41,794 | 2,47,775 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹1747 | ₹2124 | ₹2351 |
| 2025 | ₹2398 | ₹2254 | ₹2692 |
| 2026 | ₹2746 | ₹2581 | ₹3080 |
| 2027 | ₹3142 | ₹2953 | ₹3525 |
| 2028 | ₹3596 | ₹3380 | ₹4035 |
| 2029 | ₹4116 | ₹3868 | ₹4618 |
| 2030 | ₹4710 | ₹4427 | ₹5286 |
| Month | Target |
| January | ₹2398 |
| February | ₹2446 |
| March | ₹2495 |
| April | ₹2412 |
| May | ₹2332 |
| June | ₹2254 |
| July | ₹2344 |
| August | ₹2438 |
| September | ₹2536 |
| October | ₹2587 |
| November | ₹2639 |
| December | ₹2692 |
| Month | Target |
| January | ₹2746 |
| February | ₹2801 |
| March | ₹2857 |
| April | ₹2762 |
| May | ₹2670 |
| June | ₹2581 |
| July | ₹2684 |
| August | ₹2791 |
| September | ₹2903 |
| October | ₹2961 |
| November | ₹3020 |
| December | ₹3080 |
| Month | Target |
| January | ₹3142 |
| February | ₹3205 |
| March | ₹3269 |
| April | ₹3160 |
| May | ₹3055 |
| June | ₹2953 |
| July | ₹3071 |
| August | ₹3194 |
| September | ₹3322 |
| October | ₹3388 |
| November | ₹3456 |
| December | ₹3525 |
| Month | Target |
| January | ₹3596 |
| February | ₹3668 |
| March | ₹3741 |
| April | ₹3616 |
| May | ₹3496 |
| June | ₹3380 |
| July | ₹3515 |
| August | ₹3656 |
| September | ₹3802 |
| October | ₹3878 |
| November | ₹3956 |
| December | ₹4035 |
| Month | Target |
| January | ₹4116 |
| February | ₹4198 |
| March | ₹4282 |
| April | ₹4139 |
| May | ₹4001 |
| June | ₹3868 |
| July | ₹4023 |
| August | ₹4184 |
| September | ₹4351 |
| October | ₹4438 |
| November | ₹4527 |
| December | ₹4618 |
| Month | Target |
| January | ₹4710 |
| February | ₹4804 |
| March | ₹4900 |
| April | ₹4737 |
| May | ₹4579 |
| June | ₹4427 |
| July | ₹4604 |
| August | ₹4788 |
| September | ₹4980 |
| October | ₹5080 |
| November | ₹5182 |
| December | ₹5286 |
Official Website – voltas.com