Voltas Ltd
Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.
Voltas was created 6 decades ago when Tata Sons joined hands with a swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management. [1]
The company has 5,000+ Customer sites actively managed across India [2]
- Market Cap ₹ 49,159 Cr.
- Current Price ₹ 1,486
- High / Low ₹ 1,560 / 757
- Stock P/E 81.3
- Book Value ₹ 227
- Dividend Yield 0.37 %
- ROCE 10.4 %
- ROE 8.47 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.8%
Cons
- Stock is trading at 6.54 times its book value
- The company has delivered a poor sales growth of 5.35% over past five years.
- Company has a low return on equity of 9.14% over last 3 years.
- Earnings include an other income of Rs.300 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Consumer Durables Industry: Air-conditioners
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,565 | 5,151 | 5,169 | 5,149 | 5,410 | 5,809 | 6,693 | 7,207 | 6,378 | 7,099 | 7,675 | 8,688 | |
5,379 | 4,987 | 4,862 | 4,926 | 4,992 | 5,332 | 6,307 | 6,552 | 5,815 | 6,454 | 7,247 | 8,165 | |
Operating Profit | 186 | 164 | 307 | 223 | 419 | 477 | 386 | 655 | 562 | 644 | 428 | 522 |
OPM % | 3% | 3% | 6% | 4% | 8% | 8% | 6% | 9% | 9% | 9% | 6% | 6% |
105 | 128 | 166 | 292 | 260 | 233 | 287 | 195 | 220 | 167 | 1,149 | 300 | |
Interest | 27 | 16 | 16 | 8 | 10 | 8 | 23 | 9 | 19 | 15 | 12 | 21 |
Depreciation | 22 | 19 | 22 | 19 | 18 | 19 | 20 | 29 | 30 | 33 | 36 | 43 |
Profit before tax | 243 | 257 | 434 | 488 | 651 | 683 | 631 | 813 | 733 | 763 | 1,528 | 758 |
Tax % | 26% | 29% | 24% | 28% | 25% | 27% | 26% | 27% | 22% | 24% | 8% | 20% |
180 | 181 | 329 | 349 | 486 | 501 | 464 | 595 | 570 | 583 | 1,405 | 604 | |
EPS in Rs | 5.44 | 5.48 | 9.95 | 10.56 | 14.69 | 15.15 | 14.04 | 17.98 | 17.24 | 17.63 | 42.47 | 18.26 |
Dividend Payout % | 29% | 34% | 23% | 25% | 24% | 26% | 28% | 22% | 29% | 31% | 10% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 11% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 6% |
3 Years: | 2% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 21% |
3 Years: | 12% |
1 Year: | 94% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
Reserves | 1,450 | 1,565 | 1,806 | 2,473 | 2,952 | 3,481 | 3,710 | 4,185 | 4,952 | 5,536 | 6,740 | 7,465 |
212 | 193 | 53 | 119 | 69 | 28 | 114 | 88 | 108 | 140 | 315 | 430 | |
2,353 | 2,318 | 2,355 | 2,163 | 2,542 | 2,934 | 2,963 | 3,329 | 2,884 | 3,508 | 2,954 | 3,841 | |
Total Liabilities | 4,047 | 4,110 | 4,248 | 4,788 | 5,596 | 6,476 | 6,820 | 7,636 | 7,977 | 9,217 | 10,042 | 11,770 |
176 | 175 | 156 | 179 | 206 | 206 | 252 | 300 | 306 | 303 | 437 | 455 | |
CWIP | 0 | 2 | 4 | 1 | 1 | 3 | 15 | 26 | 9 | 59 | 98 | 368 |
Investments | 560 | 891 | 1,224 | 2,034 | 2,413 | 2,894 | 2,626 | 2,642 | 3,443 | 4,125 | 4,962 | 5,370 |
3,311 | 3,042 | 2,864 | 2,574 | 2,976 | 3,372 | 3,927 | 4,668 | 4,218 | 4,730 | 4,545 | 5,578 | |
Total Assets | 4,047 | 4,110 | 4,248 | 4,788 | 5,596 | 6,476 | 6,820 | 7,636 | 7,977 | 9,217 | 10,042 | 11,770 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
64 | 334 | 221 | 273 | 290 | 298 | -310 | 336 | 571 | 668 | 35 | 419 | |
44 | -292 | -59 | -270 | -57 | -151 | 445 | -176 | -311 | -370 | -72 | -244 | |
-53 | -93 | -221 | -20 | -154 | -178 | -82 | -204 | -129 | -159 | -42 | -56 | |
Net Cash Flow | 54 | -51 | -59 | -17 | 79 | -32 | 53 | -45 | 131 | 139 | -78 | 119 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 77 | 75 | 81 | 75 | 80 | 80 | 76 | 73 | 83 | 78 | 61 | 72 |
Inventory Days | 69 | 65 | 65 | 51 | 70 | 62 | 70 | 99 | 98 | 112 | 92 | 110 |
Days Payable | 127 | 132 | 136 | 132 | 157 | 176 | 165 | 175 | 158 | 182 | 132 | 144 |
Cash Conversion Cycle | 19 | 8 | 9 | -6 | -8 | -34 | -19 | -3 | 23 | 8 | 22 | 38 |
Working Capital Days | 36 | 23 | 16 | 13 | 13 | 12 | 30 | 49 | 51 | 36 | 45 | 46 |
ROCE % | 16% | 16% | 23% | 19% | 24% | 21% | 17% | 21% | 16% | 14% | 9% | 10% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
16 Jul - Company has received an Order from the Office of the Joint Commissioner State -Tax, Patliputra Circle, Patna Commercial Taxes Department Bihar.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Certificate received from Link Intime India Private Limited, Company''s Registrar and Share Transfer Agent for the quarter ended 30th June, 2024, certifying compliance with Regulation …
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Announcement under Regulation 30 (LODR)-Meeting Updates
10 Jul - Summary of proceedings of the 70th Annual General Meeting of the Company held on 10th July, 2024
- Shareholder Meeting / Postal Ballot-Outcome of AGM 10 Jul
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 10 Jul
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2024TranscriptPPTREC
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Feb 2024TranscriptPPT
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Oct 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
Unitary Cooling Products(UCP) [1]
Unitary Cooling products comprises Air Conditioners, Air Coolers, and Commercial Refrigeration products etc in B2B & B2C segment. As of Fy23, company has 21% market share in room Acs and 36% in window ACs. It has 25,000+ touchpoints, 64 New RAC SKUs, 51 Voltas Fresh Air Coolers SKUs, 23 New Commercial Refrigeration SKUs.[2]