Voltas Limited

NSEI:VOLTAS Stock Report

Market Cap: ₹419.9b

Voltas Valuation

Is VOLTAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VOLTAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹321.85
Fair Value
294.3% overvalued intrinsic discount
34
Number of Analysts

Below Fair Value: VOLTAS (₹1269) is trading above our estimate of fair value (₹321.85)

Significantly Below Fair Value: VOLTAS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VOLTAS?

Key metric: As VOLTAS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VOLTAS. This is calculated by dividing VOLTAS's market cap by their current earnings.
What is VOLTAS's PE Ratio?
PE Ratio58.6x
Earnings₹7.17b
Market Cap₹419.89b

Price to Earnings Ratio vs Peers

How does VOLTAS's PE Ratio compare to its peers?

The above table shows the PE ratio for VOLTAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38x
IRB IRB Infrastructure Developers
4.4x-59.5%₹286.6b
534309 NBCC (India)
43.7x17.3%₹219.1b
KEC KEC International
44.3x34.3%₹201.2b
RVNL Rail Vikas Nigam
59.6x8.3%₹775.0b
VOLTAS Voltas
58.6x19.5%₹419.9b

Price-To-Earnings vs Peers: VOLTAS is expensive based on its Price-To-Earnings Ratio (58.6x) compared to the peer average (38x).

Price to Earnings Ratio vs Industry

How does VOLTAS's PE Ratio compare vs other companies in the IN Construction Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASHOKA Ashoka Buildcon
3.6x-39.3%US$633.71m
CCCL Consolidated Construction Consortium
0.4xn/aUS$63.71m
533152 MBL Infrastructures
2.5xn/aUS$59.50m
ATLANTAA Atlantaa
1.6xn/aUS$31.37m
VOLTAS 58.6xIndustry Avg. 20.9xNo. of Companies23PE01632486480+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VOLTAS is expensive based on its Price-To-Earnings Ratio (58.6x) compared to the Indian Construction industry average (21.1x).

Price to Earnings Ratio vs Fair Ratio

What is VOLTAS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VOLTAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio58.6x
Fair PE Ratio39.1x

Price-To-Earnings vs Fair Ratio: VOLTAS is expensive based on its Price-To-Earnings Ratio (58.6x) compared to the estimated Fair Price-To-Earnings Ratio (39.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VOLTAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,269.00
₹1,553.76
+22.4%
15.5%₹2,200.00₹1,100.00n/a34
Feb ’26₹1,323.95
₹1,558.36
+17.7%
15.1%₹2,200.00₹1,100.00n/a33
Jan ’26₹1,826.95
₹1,765.64
-3.4%
16.6%₹2,200.00₹1,130.00n/a33
Dec ’25₹1,658.25
₹1,750.03
+5.5%
17.1%₹2,200.00₹1,130.00n/a33
Nov ’25₹1,642.85
₹1,721.26
+4.8%
16.9%₹2,200.00₹1,130.00n/a34
Oct ’25₹1,854.55
₹1,595.64
-14.0%
15.7%₹2,105.00₹1,100.00n/a33
Sep ’25₹1,743.65
₹1,559.35
-10.6%
16.2%₹1,960.00₹1,100.00n/a34
Aug ’25₹1,536.65
₹1,395.53
-9.2%
15.3%₹1,800.00₹930.00n/a34
Jul ’25₹1,444.25
₹1,353.03
-6.3%
16.5%₹1,800.00₹842.00n/a34
Jun ’25₹1,359.70
₹1,323.50
-2.7%
15.6%₹1,800.00₹842.00n/a34
May ’25₹1,474.75
₹1,170.43
-20.6%
19.2%₹1,800.00₹800.00n/a35
Apr ’25₹1,151.60
₹1,078.72
-6.3%
13.2%₹1,311.00₹800.00n/a36
Mar ’25₹1,085.35
₹1,066.97
-1.7%
14.3%₹1,311.00₹737.00n/a36
Feb ’25₹1,048.75
₹1,045.94
-0.3%
15.4%₹1,311.00₹737.00₹1,323.9535
Jan ’25₹977.95
₹922.35
-5.7%
11.6%₹1,246.00₹737.00₹1,826.9534
Dec ’24₹835.50
₹913.18
+9.3%
10.0%₹1,100.00₹737.00₹1,658.2534
Nov ’24₹830.25
₹909.86
+9.6%
9.8%₹1,100.00₹737.00₹1,642.8536
Oct ’24₹863.30
₹896.70
+3.9%
11.0%₹1,110.00₹680.00₹1,854.5537
Sep ’24₹870.05
₹884.00
+1.6%
10.6%₹1,100.00₹680.00₹1,743.6537
Aug ’24₹797.40
₹870.65
+9.2%
10.8%₹1,100.00₹693.00₹1,536.6537
Jul ’24₹759.75
₹880.59
+15.9%
10.5%₹1,100.00₹693.00₹1,444.2537
Jun ’24₹825.40
₹898.97
+8.9%
11.9%₹1,200.00₹693.00₹1,359.7037
May ’24₹799.05
₹904.97
+13.3%
11.2%₹1,200.00₹708.00₹1,474.7537
Apr ’24₹818.25
₹942.44
+15.2%
9.9%₹1,200.00₹773.00₹1,151.6036
Mar ’24₹899.15
₹946.14
+5.2%
9.9%₹1,200.00₹773.00₹1,085.3536
Feb ’24₹794.60
₹975.75
+22.8%
11.5%₹1,330.00₹779.00₹1,048.7536
Analyst Price Target
Consensus Narrative from 34 Analysts
₹1.55k
Fair Value
18.3% undervalued intrinsic discount
34
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 06:24
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Voltas Limited is covered by 74 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dhruv JainAmbit Capital
Nitin BhasinAmbit Capital
Manish ValechaAnand Rathi Shares and Stock Brokers Limited