Voltas Limited operates as an air conditioning and engineering company primarily in India, the Middle East, and Singapore. More Details
No risks detected for VOLTAS from our risk checks.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Voltas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VOLTAS is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VOLTAS's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: VOLTAS exceeded the Indian Construction industry which returned 61.5% over the past year.
Return vs Market: VOLTAS exceeded the Indian Market which returned 58.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Voltas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StHow Many Voltas Limited (NSE:VOLTAS) Shares Do Institutions Own?
2 weeks ago | Simply Wall StVoltas (NSE:VOLTAS) Will Be Hoping To Turn Its Returns On Capital Around
1 month ago | Simply Wall StVoltas' (NSE:VOLTAS) Upcoming Dividend Will Be Larger Than Last Year's
Is Voltas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VOLTAS (₹1020.2) is trading above our estimate of fair value (₹175.22)
Significantly Below Fair Value: VOLTAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VOLTAS is poor value based on its PE Ratio (64.3x) compared to the Indian Construction industry average (19.1x).
PE vs Market: VOLTAS is poor value based on its PE Ratio (64.3x) compared to the Indian market (21.8x).
Price to Earnings Growth Ratio
PEG Ratio: VOLTAS is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: VOLTAS is overvalued based on its PB Ratio (6.8x) compared to the IN Construction industry average (0.9x).
How is Voltas forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VOLTAS's forecast earnings growth (20.1% per year) is above the savings rate (6.8%).
Earnings vs Market: VOLTAS's earnings (20.1% per year) are forecast to grow slower than the Indian market (21% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VOLTAS's revenue (13.9% per year) is forecast to grow faster than the Indian market (12.6% per year).
High Growth Revenue: VOLTAS's revenue (13.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VOLTAS's Return on Equity is forecast to be low in 3 years time (15.2%).
How has Voltas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VOLTAS has high quality earnings.
Growing Profit Margin: VOLTAS's current net profit margins (7%) are higher than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: VOLTAS's earnings have grown by 0.05% per year over the past 5 years.
Accelerating Growth: VOLTAS's earnings growth over the past year (1.5%) exceeds its 5-year average (0.05% per year).
Earnings vs Industry: VOLTAS earnings growth over the past year (1.5%) exceeded the Construction industry -25.5%.
Return on Equity
High ROE: VOLTAS's Return on Equity (10.5%) is considered low.
How is Voltas's financial position?
Financial Position Analysis
Short Term Liabilities: VOLTAS's short term assets (₹51.9B) exceed its short term liabilities (₹35.0B).
Long Term Liabilities: VOLTAS's short term assets (₹51.9B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: VOLTAS's debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: VOLTAS's debt to equity ratio has reduced from 9.6% to 5% over the past 5 years.
Debt Coverage: VOLTAS's debt is well covered by operating cash flow (221.1%).
Interest Coverage: VOLTAS's interest payments on its debt are well covered by EBIT (23.2x coverage).
What is Voltas's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VOLTAS's dividend (0.49%) is higher than the bottom 25% of dividend payers in the Indian market (0.37%).
High Dividend: VOLTAS's dividend (0.49%) is low compared to the top 25% of dividend payers in the Indian market (1.55%).
Stability and Growth of Payments
Stable Dividend: VOLTAS's dividends per share have been stable in the past 10 years.
Growing Dividend: VOLTAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.5%), VOLTAS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VOLTAS's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pradeep Bakshi (58 yo)
Mr. Pradeep Kumar Bakshi, B.Sc., D. M. M., serves as the Managing Director, Chief Executive Officer and the Executive Director at Voltas Limited. He was Managing Director and Chief Executive Officer at Vol...
CEO Compensation Analysis
Compensation vs Market: Pradeep's total compensation ($USD368.20K) is below average for companies of similar size in the Indian market ($USD618.95K).
Compensation vs Earnings: Pradeep's compensation has been consistent with company performance over the past year.
Experienced Management: VOLTAS's management team is considered experienced (4.5 years average tenure).
Experienced Board: VOLTAS's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Voltas Limited's company bio, employee growth, exchange listings and data sources
- Name: Voltas Limited
- Ticker: VOLTAS
- Exchange: NSEI
- Founded: 1954
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: ₹341.059b
- Shares outstanding: 330.88m
- Website: https://www.voltas.com
Number of Employees
- Voltas Limited
- Voltas House
- A Block
Voltas Limited operates as an air conditioning and engineering company primarily in India, the Middle East, and Singapore. It operates through three segments: Unitary Cooling Products for Comfort and Comme...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/24 12:08|
|End of Day Share Price||2021/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.