Voltas Limited operates as an air conditioning and engineering company primarily in India, the Middle East, and Singapore.
No risks detected for VOLTAS from our risk checks.
Flawless balance sheet with reasonable growth potential 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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VOLTAS exceeded the Indian Construction industry which returned -3.9% over the past year.
Return vs Market: VOLTAS exceeded the Indian Market which returned 6.4% over the past year.
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
1 day ago | Simply Wall StWhy Voltas Limited's (NSE:VOLTAS) High P/E Ratio Isn't Necessarily A Bad Thing
2 weeks ago | Simply Wall StVoltas Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
3 weeks ago | Simply Wall StWhat Makes Voltas Limited (NSE:VOLTAS) A Great Dividend Stock?
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 (₹691.7) is trading above our estimate of fair value (₹199.03)
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 (45.9x) compared to the Construction industry average (10.3x).
PE vs Market: VOLTAS is poor value based on its PE Ratio (45.9x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: VOLTAS is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: VOLTAS is overvalued based on its PB Ratio (5.6x) compared to the IN Construction industry average (0.6x).
How is Voltas forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VOLTAS's forecast earnings growth (21.9% per year) is above the savings rate (6.5%).
Earnings vs Market: VOLTAS's earnings (21.9% per year) are forecast to grow faster than the Indian market (20.4% 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 (9% 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 (15.7%).
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 (6.5%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: VOLTAS's earnings have grown by 8.2% per year over the past 5 years.
Accelerating Growth: VOLTAS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VOLTAS had negative earnings growth (-11.2%) over the past year, making it difficult to compare to the Construction industry average (4.8%).
Return on Equity
High ROE: VOLTAS's Return on Equity (12.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Voltas's financial position?
Financial Position Analysis
Short Term Liabilities: VOLTAS's short term assets (₹54.1B) exceed its short term liabilities (₹29.2B).
Long Term Liabilities: VOLTAS's short term assets (₹54.1B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: VOLTAS's debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: VOLTAS's debt to equity ratio has reduced from 10.1% to 8% over the past 5 years.
Debt Coverage: VOLTAS's debt is well covered by operating cash flow (163%).
Interest Coverage: VOLTAS earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: VOLTAS has a low level of unsold assets or inventory.
Debt Coverage by Assets: VOLTAS's debt is covered by short term assets (assets are 16.4x debt).
What is Voltas's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VOLTAS's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: VOLTAS's dividend (0.58%) is low compared to the top 25% of dividend payers in the Indian market (2.63%).
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 (26.6%), 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 (24.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pradeep Bakshi (57yo)
Mr. Pradeep Kumar Bakshi, B.Sc., D. M. M., was Managing Director and Chief Executive Officer at Voltas Ltd from January 10, 2018 to August 31, 2018. Mr. Bakshi served as the Chief Operating Officer of Unit ...
CEO Compensation Analysis
Compensation vs Market: Pradeep's total compensation ($USD719.96K) is about average for companies of similar size in the Indian market ($USD754.76K).
Compensation vs Earnings: Pradeep's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, MD & Executive Director||2yrs||₹51.71m||no data|
|Deputy MD||2.4yrs||₹45.38m||0.00030% ₹698.4k|
|VP of Taxation & Legal||0yrs||₹13.95m||0.00076% ₹1.8m|
|VP & Operations Director of International Operations Business Group||0yrs||₹3.47m||no data|
|Senior Manager - Corporate Communications and Investor Relations||0yrs||no data||no data|
|Senior General Manager of Corporate Communications Department||0yrs||no data||no data|
|Chief Human Resources Officer & Executive VP||4.3yrs||no data||no data|
|CFO of Projects & VP of Finance||0yrs||no data||no data|
|COO of Domestic Projects Group & Executive VP||0yrs||no data||no data|
|Chief Financial Officer of Corporate Finance and Senior General Manager of Property Development Cell||0yrs||₹3.15m||no data|
Experienced Management: VOLTAS's management team is considered experienced (2 years average tenure).
|CEO, MD & Executive Director||2yrs||₹51.71m||no data|
|Deputy MD||2.4yrs||₹45.38m||0.00030% ₹698.4k|
|Independent Non-Executive Director||2.7yrs||₹20.38m||no data|
|Non-Executive Director||17.1yrs||₹450.00k||no data|
|Chairman of Rohini Industrial Electricals Limited||0yrs||no data||no data|
|Non Independent Non Executive Director||7.5yrs||₹300.00k||no data|
|Non-Executive Independent Director||4.9yrs||₹2.61m||no data|
|Independent Non-Executive Director||5.4yrs||₹3.22m||no data|
|Independent Non-Executive Director||5.4yrs||₹3.31m||no data|
|Not Independent Non-Executive Director||2.8yrs||₹590.00k||no data|
Experienced Board: VOLTAS's board of directors are considered experienced (4.9 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: ₹232.811b
- Shares outstanding: 330.88m
- Website: https://www.voltas.com
Number of Employees
- Voltas Limited
- Voltas House
- A Block
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|500575||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Apr 1995|
|VOLTAS||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Apr 1995|
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 Commercial Use; Electro-Mechanical Projects and Services; and Engineering Products and Services. The company manufactures, sells, and services cooling appliances and cold storage products, such as air conditioners, air coolers, and commercial refrigeration products, including freezers, visi coolers, and water dispensers, and others. It also undertakes electrical projects; heating, ventilation, and air conditioning projects; and plumbing, fire fighting, extra low voltage, and specialized projects. In addition, the company provides facilities maintenance and hard services, such as operations and maintenance contracts in various sectors, AMCs, retrofits and energy management, etc. Further, it engages in the provision of water treatment solutions for industrial, oil and gas, and domestic sewage segments; sale and service of capital machinery for textile industry; sale of spares and accessories for textile equipment; and sale of mining and construction equipment. Additionally, the company manufactures ducts and duct accessories; undertakes engineering, procurement, and construction projects. It also engages in the drilling, irrigation, and landscaping activities; and construction of water treatment plants. Voltas Limited was founded in 1954 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 12:58|
|End of Day Share Price||2020/02/26 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.