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VOLTAS: Higher Discount Rate Will Limit Upside Despite Earnings Outlook

Update shared on 15 Dec 2025

Fair value Increased 6.28%
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AnalystLowTarget's Fair Value
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1Y
-19.4%
7D
3.6%

Analysts have raised their price target for Voltas from ₹1,035 to ₹1,100, citing expectations of slightly faster revenue growth, modestly improved profit margins, and a marginally higher future valuation multiple, despite a small uptick in the assumed discount rate.

What's in the News

  • Board meeting scheduled for November 13, 2025, to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider other business matters (company filing)

Valuation Changes

  • The consensus analyst price target and fair value estimate has risen slightly from ₹1,035 to ₹1,100 per share.
  • The discount rate has increased marginally from 14.86% to 15.25%, implying a slightly higher required return.
  • The revenue growth forecast has been revised up modestly from 11.79% to 12.69% annually.
  • The net profit margin assumption has improved slightly from 6.01% to 6.42%.
  • The future P/E multiple has inched up from 42.58x to 43.76x, suggesting a marginally richer valuation expectation.

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